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Plant closings, job cuts loom at Ford
Jan 22 2006 11:13PM (CT)
DETROIT (AP) - Ford Motor Co., hurt by falling sales of sport utility vehicles, is expected to close plants and cut thousands of jobs in North America as part of a restructuring program to be announced Monday.
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Japan's Nikkei falls sharply in morning
Jan 22 2006 10:20PM (CT)
TOKYO (AP) - Japan's benchmark stock index fell sharply Monday morning as the market's unease continued over a criminal probe into prominent Internet company Livedoor Co.
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Lifetime rejects offer from Dish Network
Jan 22 2006 8:16PM (CT)
DENVER (AP) - Lifetime Entertainment Services said Sunday it rejected a "take it or leave it" offer from Dish Network that it had deemed unfair and unreasonable.
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Bolivian vows to nationalize natural gas
Jan 22 2006 7:37PM (CT)
LA PAZ, Bolivia (AP) - Bolivian President Evo Morales used his inaugural address Sunday to renew his pledge to nationalize the country's vast natural gas reserves, but said he's open to the idea of a large U.S.-sponsored trade zone he harshly criticized last year during his campaign.
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Report: Venezuela oil co. delays filing
Jan 22 2006 7:23PM (CT)
CARACAS, Venezuela (AP) - Venezuela's state oil company has delayed filing its 2004 report to the U.S. Securities and Exchange Commission until late February, the government-run news agency said Sunday.
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Music sales resumed decline in 2005
Jan 22 2006 6:43PM (CT)
CANNES, France (AP) - Recorded music sales resumed their decline in 2005, the industry's leading global body said Sunday, despite high-profile victories against piracy and a surge in online and mobile music store revenues.
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Survey: U.S. gas prices climb 3 cents
Jan 22 2006 6:21PM (CT)
CAMARILLO, Calif. (AP) - Retail gas prices across the country jumped another 3 cents, following a 9-cent hike reported earlier this month, according to a survey released Sunday.
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Plaintiff paradise waits for Vioxx trial
Jan 22 2006 6:11PM (CT)
HARLINGEN, Texas (AP) - Leonel Garza was 71 when he died of a heart attack, 23 years after being diagnosed with heart disease and decades after a heart attack and a quadruple bypass.
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Japan urges U.S. on beef import safety
Jan 22 2006 5:56PM (CT)
TOKYO (AP) - Japan's farm minister urged a senior U.S. official Sunday to prevent further violations of a bilateral beef pact, after prohibited bone materials in a recent shipment of American beef renewed fears of mad cow disease.
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Iconic Fed chief prepares his departure
Jan 22 2006 5:55PM (CT)
WASHINGTON (AP) - America has embraced Alan Greenspan with irrational exuberance. The slight, aging economist with the supersize glasses and claymation facial expressions has inspired a symphonic overture, a country music paean and a red-hot gallery exhibition of "Alan as Art." Queen Elizabeth awarded him honorary knighthood.
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Tokyo exchange to boost trading capacity
Jan 22 2006 4:07PM (CT)
TOKYO (AP) - The Tokyo Stock Exchange plans to boost its trading capacity, but will keep shortened trading sessions after a flood of orders forced the bourse to curtail trading last Wednesday.
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Swiss bank UBS halts Iran, Syria business
Jan 22 2006 3:36PM (CT)
ZURICH, Switzerland (AP) - Swiss banking giant UBS AG said Sunday it has stopped doing business with Iran because of the company's economic and risk analysis of the situation in the country.
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Inter-Korean trade tops $1 billion in '05
Jan 22 2006 3:25PM (CT)
SEOUL, South Korea (AP) - Trade between the divided Koreas surged in 2005 to top $1 billion for the first time, a South Korean trade association said Sunday, boosted by commercial activity at a joint industrial complex in North Korea.
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Valero retired CEO put luster on refining
Jan 22 2006 3:08PM (CT)
SAN ANTONIO (AP) - After three decades of running Valero Energy Corp., in the process transforming it from a mid-size pipeline company to the nation's largest oil refiner, Bill Greehey quit when he was on top.
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Alitalia cancels flights over labor action
Jan 22 2006 2:58PM (CT)
ROME (AP) - Alitalia canceled 44 flights Sunday because of continued labor unrest, the second day in a row Italy's struggling national carrier has had to scrap flights because of wildcat walkouts.
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Livedoor CEO denies fraud allegations
Jan 22 2006 12:11PM (CT)
TOKYO (AP) - The chief executive of an Internet portal at the center of a widening securities fraud investigation denied allegations Sunday that he violated securities laws.
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Strong earnings could help stocks rebound
Jan 22 2006 11:45AM (CT)
NEW YORK (AP) - So much for that big January rally. With the Dow Jones industrial average tumbling more than 213 points on Friday, stocks wiped out all of their early 2006 gains and are in the red for the year. And investors are likely wondering if things will head higher again any time soon.
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Iran insists it isn't withdrawing currency
Jan 22 2006 9:03AM (CT)
TEHRAN, Iran (AP) - For the second time in two days, Iran on Sunday said it was not withdrawing its foreign currency reserves from European banks, despite reports late last week that it already had begun the process.
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Saudi king expanding trade ties with China
Jan 22 2006 1:35AM (CT)
BEIJING (AP) - Saudi King Abdullah arrived in China on Sunday for talks with top leaders on possible cooperation in oil and energy security, a trip reflecting expanding commercial ties between the two countries.
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