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Latest Business News Archives for January 19, 2007

Pump prices may inch down more
Jan 19 2007 11:44PM (CT)
NEW YORK (AP) - The headlines say oil prices have fallen 15 percent this year. Gas station receipts tell a different story _ the cost of filling 'er up has slipped from about $35 to $33. Big deal.
 
Pump prices may inch down more
Jan 19 2007 11:44PM (CT)
NEW YORK (AP) - The headlines say oil prices have fallen 15 percent this year. Gas station receipts tell a different story _ the cost of filling 'er up has slipped from about $35 to $33. Big deal.
 
UglyRipes prevail in tomato growers spat
Jan 19 2007 5:52PM (CT)
PHILADELPHIA (AP) - It's the Rocky of tomatoes, lumpy but loved by fans.
 
UglyRipes prevail in tomato growers spat
Jan 19 2007 5:52PM (CT)
PHILADELPHIA (AP) - It's the Rocky of tomatoes, lumpy but loved by fans.
 
Morgan Stanley Real Estate to buy CNL
Jan 19 2007 5:50PM (CT)
ORLANDO, Fla. (AP) - CNL Hotel & Resorts Inc., the nation's second-largest hotel real estate investment trust, said Friday it agreed to be bought in two separate deals worth about $5.53 billion combined.
 
Citigroup 4Q profit falls, beats Street
Jan 19 2007 5:28PM (CT)
NEW YORK (AP) - Fourth-quarter profits at Citigroup Inc. came in ahead of Wall Street expectations, but analysts and investors appeared concerned that the nation's largest bank still hasn't gotten a handle on expenses.
 
Citigroup 4Q profit falls, beats Street
Jan 19 2007 5:28PM (CT)
NEW YORK (AP) - Fourth-quarter profits at Citigroup Inc. came in ahead of Wall Street expectations, but analysts and investors appeared concerned that the nation's largest bank still hasn't gotten a handle on expenses.
 
Citigroup 4Q profit falls, beats Street
Jan 19 2007 5:28PM (CT)
NEW YORK (AP) - Fourth-quarter profits at Citigroup Inc. came in ahead of Wall Street expectations, but analysts and investors appeared concerned that the nation's largest bank still hasn't gotten a handle on expenses.
 
Judge rules in favor of record companies
Jan 19 2007 5:23PM (CT)
NEW YORK (AP) - A lawsuit in which record companies allege XM Satellite Radio Holdings Inc. is cheating them by letting consumers store songs can proceed toward trial, a judge ruled Friday after finding merit to the companies' claims.
 
GE's 4Q earnings more than double
Jan 19 2007 5:18PM (CT)
NEW HAVEN, Conn. (AP) - General Electric Co. said Friday its fourth-quarter profit more than doubled as its NBC television network showed signs of a turnaround and its global sales of gas turbines, health care equipment, financial services and aircraft engines grew strongly.
 
Schlumberger 4Q profit leaps
Jan 19 2007 5:16PM (CT)
HOUSTON (AP) - Oilfield services provider Schlumberger Ltd. said Friday its fourth-quarter profit soared due to significant price increases, heavy exploration activity worldwide and better-than-expected results at its seismic operation _ and the company predicted continued growth in 2007 and beyond.
 
Schlumberger 4Q profit leaps
Jan 19 2007 5:16PM (CT)
HOUSTON (AP) - Oilfield services provider Schlumberger Ltd. said Friday its fourth-quarter profit soared due to significant price increases, heavy exploration activity worldwide and better-than-expected results at its seismic operation _ and the company predicted continued growth in 2007 and beyond.
 
Motorola to cut 3,500 jobs
Jan 19 2007 5:07PM (CT)
CHICAGO (AP) - Motorola Inc. said Friday it is cutting 3,500 jobs and taking other steps to reduce costs after misjudgments on pricing and sales forecasts for its high-end phones contributed to its least profitable quarter since 2004.
 
Motorola to cut 3,500 jobs
Jan 19 2007 5:07PM (CT)
CHICAGO (AP) - Motorola Inc. said Friday it is cutting 3,500 jobs and taking other steps to reduce costs after misjudgments on pricing and sales forecasts for its high-end phones contributed to its least profitable quarter since 2004.
 
Oil prices rebound
Jan 19 2007 4:18PM (CT)
NEW YORK (AP) - Oil prices rose Friday, recovering from their decline below $50 a day earlier as traders who had made bets on the market falling took profits.
 
McD's preps for China drive-thru boom
Jan 19 2007 2:21PM (CT)
BEIJING (AP) - McDonald's Corp. opened its first drive-through in Beijing on Friday, launching a partnership with a major Chinese oil company to exploit the country's growing taste for both cars and Western fast food.
 
McD's preps for China drive-thru boom
Jan 19 2007 2:21PM (CT)
BEIJING (AP) - McDonald's Corp. opened its first drive-through in Beijing on Friday, launching a partnership with a major Chinese oil company to exploit the country's growing taste for both cars and Western fast food.
 
McD's preps for China drive-thru boom
Jan 19 2007 2:21PM (CT)
BEIJING (AP) - McDonald's Corp. opened its first drive-through in Beijing on Friday, launching a partnership with a major Chinese oil company to exploit the country's growing taste for both cars and Western fast food.
 
McD's preps for China drive-thru boom
Jan 19 2007 2:21PM (CT)
BEIJING (AP) - McDonald's Corp. opened its first drive-through in Beijing on Friday, launching a partnership with a major Chinese oil company to exploit the country's growing taste for both cars and Western fast food.
 
McD's preps for China drive-thru boom
Jan 19 2007 2:21PM (CT)
BEIJING (AP) - McDonald's Corp. opened its first drive-through in Beijing on Friday, launching a partnership with a major Chinese oil company to exploit the country's growing taste for both cars and Western fast food.
 
McD's preps for China drive-thru boom
Jan 19 2007 2:21PM (CT)
BEIJING (AP) - McDonald's Corp. opened its first drive-through in Beijing on Friday, launching a partnership with a major Chinese oil company to exploit the country's growing taste for both cars and Western fast food.
 
McD's preps for China drive-thru boom
Jan 19 2007 2:21PM (CT)
BEIJING (AP) - McDonald's Corp. opened its first drive-through in Beijing on Friday, launching a partnership with a major Chinese oil company to exploit the country's growing taste for both cars and Western fast food.
 
McD's preps for China drive-thru boom
Jan 19 2007 2:21PM (CT)
BEIJING (AP) - McDonald's Corp. opened its first drive-through in Beijing on Friday, launching a partnership with a major Chinese oil company to exploit the country's growing taste for both cars and Western fast food.
 
McD's preps for China drive-thru boom
Jan 19 2007 2:21PM (CT)
BEIJING (AP) - McDonald's Corp. opened its first drive-through in Beijing on Friday, launching a partnership with a major Chinese oil company to exploit the country's growing taste for both cars and Western fast food.
 
McD's preps for China drive-thru boom
Jan 19 2007 2:21PM (CT)
BEIJING (AP) - McDonald's Corp. opened its first drive-through in Beijing on Friday, launching a partnership with a major Chinese oil company to exploit the country's growing taste for both cars and Western fast food.
 
McD's preps for China drive-thru boom
Jan 19 2007 2:21PM (CT)
BEIJING (AP) - McDonald's Corp. opened its first drive-through in Beijing on Friday, launching a partnership with a major Chinese oil company to exploit the country's growing taste for both cars and Western fast food.
 
McD's preps for China drive-thru boom
Jan 19 2007 2:21PM (CT)
BEIJING (AP) - McDonald's Corp. opened its first drive-through in Beijing on Friday, launching a partnership with a major Chinese oil company to exploit the country's growing taste for both cars and Western fast food.
 
McD's preps for China drive-thru boom
Jan 19 2007 2:21PM (CT)
BEIJING (AP) - McDonald's Corp. opened its first drive-through in Beijing on Friday, launching a partnership with a major Chinese oil company to exploit the country's growing taste for both cars and Western fast food.
 
McD's preps for China drive-thru boom
Jan 19 2007 2:21PM (CT)
BEIJING (AP) - McDonald's Corp. opened its first drive-through in Beijing on Friday, launching a partnership with a major Chinese oil company to exploit the country's growing taste for both cars and Western fast food.
 
McD's preps for China drive-thru boom
Jan 19 2007 2:21PM (CT)
BEIJING (AP) - McDonald's Corp. opened its first drive-through in Beijing on Friday, launching a partnership with a major Chinese oil company to exploit the country's growing taste for both cars and Western fast food.
 
McD's preps for China drive-thru boom
Jan 19 2007 2:21PM (CT)
BEIJING (AP) - McDonald's Corp. opened its first drive-through in Beijing on Friday, launching a partnership with a major Chinese oil company to exploit the country's growing taste for both cars and Western fast food.
 
Johnson Controls 1Q earnings slip
Jan 19 2007 1:05PM (CT)
MILWAUKEE (AP) - Johnson Controls Inc. said Friday first- quarter earnings were down 2 percent because of the slumping U.S. automotive industry, despite gains in the company's battery and climate control system segments.
 
U.S. petroleum demand dipped in 2006
Jan 19 2007 12:47PM (CT)
WASHINGTON (AP) - While oil companies reaped gargantuan profits in 2006 amid high prices, U.S. demand for petroleum dipped last year to below 2004 levels, a trade group said Friday.
 
U.S. petroleum demand dipped in 2006
Jan 19 2007 12:47PM (CT)
WASHINGTON (AP) - While oil companies reaped gargantuan profits in 2006 amid high prices, U.S. demand for petroleum dipped last year to below 2004 levels, a trade group said Friday.
 
Delta to brief Delta board on US Air bid
Jan 19 2007 12:00PM (CT)
ATLANTA (AP) - Delta Air Lines Inc. management plans to discuss with its board soon its evaluation of US Airways' recently increased takeover bid, Delta said Friday. The disclosure came as Delta filed an amended reorganization plan that details how it would satisfy claims against its subsidiary, Comair.
 
Bertelsmann names new CEO
Jan 19 2007 11:16AM (CT)
BERLIN (AP) - Media company Bertelsmann AG announced Friday that Hartmut Ostrowski, a long-serving executive who heads its printing and services division, Arvato, will take over as chief executive next year.
 
Pfizer expected to cut staff
Jan 19 2007 10:53AM (CT)
NEW YORK (AP) - Pfizer Inc. may announce $2 billion in cost cuts including plant closings and slashing up to 10 percent of the work force when new chairman and CEO Jeffrey Kindler announces his plan next week for a strategic overhaul of the world's largest drugmaker, analysts say.
 
Economic views conflict at Mercosur meet
Jan 19 2007 9:53AM (CT)
RIO DE JANEIRO, Brazil (AP) - South American leaders trying to revive their deeply fractured trade bloc agree they must do more to lift the continent's masses from misery, but two distinct blueprints for charting the region's economic future emerged at their summit to remake Mercosur.
 
Economic views conflict at Mercosur meet
Jan 19 2007 9:53AM (CT)
RIO DE JANEIRO, Brazil (AP) - South American leaders trying to revive their deeply fractured trade bloc agree they must do more to lift the continent's masses from misery, but two distinct blueprints for charting the region's economic future emerged at their summit to remake Mercosur.
 
Magazine retracts car seats report
Jan 19 2007 7:55AM (CT)
WHITE PLAINS, N.Y. (AP) - A retraction of a damning report on infant car seats may be a relief for parents who feared for their babies' safety, but it is an embarrassment for a trusted consumer guide.
 
Farmers planting more corn this year
Jan 19 2007 5:40AM (CT)
TOLEDO, Ohio (AP) - Growing cotton is a family tradition on Webb Bozeman's farm in central Mississippi. But not this year.
 
Key issues remain in U.S.-S.Korea talks
Jan 19 2007 5:01AM (CT)
SEOUL, South Korea (AP) - The chief U.S. negotiator in free trade talks with South Korea expressed optimism Friday that the two countries can achieve their goal of an ambitious deal, though acknowledged key hurdles remain amid a looming deadline.
 
Mexico leader welcomes foreign investors
Jan 19 2007 2:36AM (CT)
MEXICO CITY (AP) - President Felipe Calderon said Mexico will intensify efforts to attract foreign capital _ especially from investors who may flee other Latin American countries that have announced the nationalization of key industries.
 
   

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