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Gap dumps CEO after poor shopping season
Jan 22 2007 11:07PM (CT)
SAN FRANCISCO (AP) - Gap Inc. dumped Paul Pressler as chief executive Monday after a year of broken promises that culminated in a dismal holiday shopping season to deepen the clothing retailer's misery.
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Judge won't block Nardelli's severance
Jan 22 2007 9:47PM (CT)
ATLANTA (AP) - A Superior Court judge Monday denied a request by a group of shareholders of Home Depot Inc. to temporarily block the world's largest home improvement store chain from paying former Chief Executive Bob Nardelli any more of his $210 million severance package.
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Oil prices rise slightly
Jan 22 2007 9:47PM (CT)
SINGAPORE (AP) - Oil prices started a new contract month Tuesday with a slight increase, a day after a volatile session saw prices jump above $53 a barrel and then settle near $51 a barrel. Market volatility is common in the final days of trading on a contract.
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Amateurs get a crack at Super Bowl ads
Jan 22 2007 9:45PM (CT)
NEW YORK (AP) - With "American Idol" turning everyday singers into pop stars and YouTube bringing acclaim to wannabe filmmakers, it seems only fitting that Super Bowl advertisers would be the latest to embrace the trend of giving amateurs a shot at the big time.
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Amateurs get a crack at Super Bowl ads
Jan 22 2007 9:45PM (CT)
NEW YORK (AP) - With "American Idol" turning everyday singers into pop stars and YouTube bringing acclaim to wannabe filmmakers, it seems only fitting that Super Bowl advertisers would be the latest to embrace the trend of giving amateurs a shot at the big time.
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Japanese stocks fall on profit taking
Jan 22 2007 9:34PM (CT)
TOKYO (AP) - Japanese stocks fell Tuesday morning as traders locked in profits from recent gains. The dollar rose against the yen.
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Pfizer to cut 10,000 jobs, close plants
Jan 22 2007 9:10PM (CT)
NEW YORK (AP) - Pfizer Inc., struggling with fierce competition from makers of generic drugs, announced Monday it will cut 10,000 jobs and close at least five facilities as part of an effort to slash its annual costs by up to $2 billion by the end of next year.
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Pfizer to cut 10,000 jobs, close plants
Jan 22 2007 9:10PM (CT)
NEW YORK (AP) - Pfizer Inc., struggling with fierce competition from makers of generic drugs, announced Monday it will cut 10,000 jobs and close at least five facilities as part of an effort to slash its annual costs by up to $2 billion by the end of next year.
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Pfizer to cut 10,000 jobs, close plants
Jan 22 2007 9:10PM (CT)
NEW YORK (AP) - Pfizer Inc., struggling with fierce competition from makers of generic drugs, announced Monday it will cut 10,000 jobs and close at least five facilities as part of an effort to slash its annual costs by up to $2 billion by the end of next year.
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Pfizer to cut 10,000 jobs, close plants
Jan 22 2007 9:10PM (CT)
NEW YORK (AP) - Pfizer Inc., struggling with fierce competition from makers of generic drugs, announced Monday it will cut 10,000 jobs and close at least five facilities as part of an effort to slash its annual costs by up to $2 billion by the end of next year.
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Pfizer to cut 10,000 jobs, close plants
Jan 22 2007 9:10PM (CT)
NEW YORK (AP) - Pfizer Inc., struggling with fierce competition from makers of generic drugs, announced Monday it will cut 10,000 jobs and close at least five facilities as part of an effort to slash its annual costs by up to $2 billion by the end of next year.
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Pfizer to cut 10,000 jobs, close plants
Jan 22 2007 9:10PM (CT)
NEW YORK (AP) - Pfizer Inc., struggling with fierce competition from makers of generic drugs, announced Monday it will cut 10,000 jobs and close at least five facilities as part of an effort to slash its annual costs by up to $2 billion by the end of next year.
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Pfizer to cut 10,000 jobs, close plants
Jan 22 2007 9:10PM (CT)
NEW YORK (AP) - Pfizer Inc., struggling with fierce competition from makers of generic drugs, announced Monday it will cut 10,000 jobs and close at least five facilities as part of an effort to slash its annual costs by up to $2 billion by the end of next year.
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CEOs plead for mandatory emissions caps
Jan 22 2007 8:30PM (CT)
WASHINGTON (AP) - Chief executives of 10 major corporations urged Congress on Monday to require limits on greenhouse gases this year, contending voluntary efforts to combat climate change are inadequate.
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Texas Instruments 4Q earnings up 2 pct
Jan 22 2007 7:43PM (CT)
DALLAS (AP) - Texas Instruments Inc., the world's largest maker of chips for mobile phones, said fourth-quarter earnings rose a modest 2 percent from a year ago due to stronger demand for the company's semiconductor and calculator products.
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Sun, Intel to partner on server chips
Jan 22 2007 7:01PM (CT)
SAN FRANCISCO (AP) - The new alliance between Sun Microsystems Inc. and Intel Corp. joins two storied Silicon Valley companies with recent financial woes in a battle for the lucrative market for corporate servers and software.
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Sun, Intel to partner on server chips
Jan 22 2007 7:01PM (CT)
SAN FRANCISCO (AP) - The new alliance between Sun Microsystems Inc. and Intel Corp. joins two storied Silicon Valley companies with recent financial woes in a battle for the lucrative market for corporate servers and software.
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Sun, Intel to partner on server chips
Jan 22 2007 7:01PM (CT)
SAN FRANCISCO (AP) - The new alliance between Sun Microsystems Inc. and Intel Corp. joins two storied Silicon Valley companies with recent financial woes in a battle for the lucrative market for corporate servers and software.
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Sun, Intel to partner on server chips
Jan 22 2007 7:01PM (CT)
SAN FRANCISCO (AP) - The new alliance between Sun Microsystems Inc. and Intel Corp. joins two storied Silicon Valley companies with recent financial woes in a battle for the lucrative market for corporate servers and software.
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Sun, Intel to partner on server chips
Jan 22 2007 7:01PM (CT)
SAN FRANCISCO (AP) - The new alliance between Sun Microsystems Inc. and Intel Corp. joins two storied Silicon Valley companies with recent financial woes in a battle for the lucrative market for corporate servers and software.
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Sun, Intel to partner on server chips
Jan 22 2007 7:01PM (CT)
SAN FRANCISCO (AP) - The new alliance between Sun Microsystems Inc. and Intel Corp. joins two storied Silicon Valley companies with recent financial woes in a battle for the lucrative market for corporate servers and software.
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Co-defendant: Coke worker proposed theft
Jan 22 2007 6:38PM (CT)
ATLANTA (AP) - A former secretary at The Coca-Cola Co. was angry at her employer for not treating her well and hatched a plan to steal trade secrets from the beverage giant to sell them to rival PepsiCo Inc., a co-defendant testified Monday at the woman's conspiracy trial.
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American Express 4Q profit up 24 pct.
Jan 22 2007 6:33PM (CT)
NEW YORK (AP) - American Express Corp., the fourth-biggest U.S. credit-card issuer, on Monday reported stronger holiday shopping and a reduction in bankruptcy write-offs helped lift profit in the most recent quarter by 24 percent.
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Citigroup CFO Krawcheck steps aside
Jan 22 2007 6:30PM (CT)
NEW YORK (AP) - Sallie L. Krawcheck, chief financial officer at Citigroup Inc. and one of the most powerful women on Wall Street, was reassigned Monday to head of the company's brokerage and private banking business _ a lower profile job with narrower responsibilities.
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Co. pledges millions for scholarships
Jan 22 2007 4:30PM (CT)
EL DORADO, Ark. (AP) - In one of the most generous programs of its kind anywhere in the country, an oil company announced Monday it is putting up $50 million for college scholarships for nearly all high school graduates in its working-class hometown over the next 20 years.
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Online gambling shares fall amid probe
Jan 22 2007 1:55PM (CT)
LONDON (AP) - Shares in European online gambling companies fell Monday on news that U.S. prosecutors had launched a probe into Internet gambling.
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WTO complaint against U.S. corn grows
Jan 22 2007 12:34PM (CT)
DAVOS, Switzerland (AP) - The European Union, Australia, Argentina and Brazil have joined Canada in a complaint against the United States over what they claim are illegal government handouts to American corn growers, trade officials said Monday.
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WTO complaint against U.S. corn grows
Jan 22 2007 12:34PM (CT)
DAVOS, Switzerland (AP) - The European Union, Australia, Argentina and Brazil have joined Canada in a complaint against the United States over what they claim are illegal government handouts to American corn growers, trade officials said Monday.
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Philips 4Q profit doubles, sales slip
Jan 22 2007 12:32PM (CT)
AMSTERDAM, Netherlands (AP) - Royal Philips Electronics NV reported strong increases in fourth-quarter and full-year earnings Monday thanks to the sale of its semiconductor division, a move the technology conglomerate said has put it on the path to more stable earnings.
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Philips 4Q profit doubles, sales slip
Jan 22 2007 12:32PM (CT)
AMSTERDAM, Netherlands (AP) - Royal Philips Electronics NV reported strong increases in fourth-quarter and full-year earnings Monday thanks to the sale of its semiconductor division, a move the technology conglomerate said has put it on the path to more stable earnings.
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Philips 4Q profit doubles, sales slip
Jan 22 2007 12:32PM (CT)
AMSTERDAM, Netherlands (AP) - Royal Philips Electronics NV reported strong increases in fourth-quarter and full-year earnings Monday thanks to the sale of its semiconductor division, a move the technology conglomerate said has put it on the path to more stable earnings.
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Philips 4Q profit doubles, sales slip
Jan 22 2007 12:32PM (CT)
AMSTERDAM, Netherlands (AP) - Royal Philips Electronics NV reported strong increases in fourth-quarter and full-year earnings Monday thanks to the sale of its semiconductor division, a move the technology conglomerate said has put it on the path to more stable earnings.
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Philips 4Q profit doubles, sales slip
Jan 22 2007 12:32PM (CT)
AMSTERDAM, Netherlands (AP) - Royal Philips Electronics NV reported strong increases in fourth-quarter and full-year earnings Monday thanks to the sale of its semiconductor division, a move the technology conglomerate said has put it on the path to more stable earnings.
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Philips 4Q profit doubles, sales slip
Jan 22 2007 12:32PM (CT)
AMSTERDAM, Netherlands (AP) - Royal Philips Electronics NV reported strong increases in fourth-quarter and full-year earnings Monday thanks to the sale of its semiconductor division, a move the technology conglomerate said has put it on the path to more stable earnings.
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Philips 4Q profit doubles, sales slip
Jan 22 2007 12:32PM (CT)
AMSTERDAM, Netherlands (AP) - Royal Philips Electronics NV reported strong increases in fourth-quarter and full-year earnings Monday thanks to the sale of its semiconductor division, a move the technology conglomerate said has put it on the path to more stable earnings.
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Philips 4Q profit doubles, sales slip
Jan 22 2007 12:32PM (CT)
AMSTERDAM, Netherlands (AP) - Royal Philips Electronics NV reported strong increases in fourth-quarter and full-year earnings Monday thanks to the sale of its semiconductor division, a move the technology conglomerate said has put it on the path to more stable earnings.
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Philips 4Q profit doubles, sales slip
Jan 22 2007 12:32PM (CT)
AMSTERDAM, Netherlands (AP) - Royal Philips Electronics NV reported strong increases in fourth-quarter and full-year earnings Monday thanks to the sale of its semiconductor division, a move the technology conglomerate said has put it on the path to more stable earnings.
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Philips 4Q profit doubles, sales slip
Jan 22 2007 12:32PM (CT)
AMSTERDAM, Netherlands (AP) - Royal Philips Electronics NV reported strong increases in fourth-quarter and full-year earnings Monday thanks to the sale of its semiconductor division, a move the technology conglomerate said has put it on the path to more stable earnings.
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Chavez won't pay market price for telco
Jan 22 2007 11:50AM (CT)
CARACAS, Venezuela (AP) - Shares of Venezuela's CA Nacional de Telefonos, or CANTV, plunged in New York trading Monday after President Hugo Chavez said he wants an immediate state takeover of the telephone company and will not pay shareholders the market value.
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Stocks fall on higher oil
Jan 22 2007 11:20AM (CT)
NEW YORK (AP) - Stocks skidded lower Monday as a sharp jump in oil prices, a downgrade of Boeing Co., and ongoing concerns about technology stocks led jittery investors to pull money out of the market.
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Stocks fall on higher oil
Jan 22 2007 11:20AM (CT)
NEW YORK (AP) - Stocks skidded lower Monday as a sharp jump in oil prices, a downgrade of Boeing Co., and ongoing concerns about technology stocks led jittery investors to pull money out of the market.
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Pfizer reports higher 4Q profit
Jan 22 2007 10:47AM (CT)
NEW YORK (AP) - Pfizer Inc., the world's biggest drugmaker, reported Monday a sharply higher fourth-quarter profit, helped by a hefty gain from the sale of its consumer health care unit.
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Japan economy rising despite flat prices
Jan 22 2007 8:55AM (CT)
TOKYO (AP) - The Japanese economy has grown for a record five consecutive years, though consumer prices remain flat and consumer spending is weak, a government report said Monday.
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Hewlett-Packard to open Russia facility
Jan 22 2007 8:36AM (CT)
SAN JOSE, Calif. (AP) - Hewlett-Packard Co. said Monday it plans to open a research and development facility in St. Petersburg, Russia, that will employ dozens of researchers and focus on inventing ways to manage and mine digital data.
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Dollar rises in Asia
Jan 22 2007 5:12AM (CT)
TOKYO (AP) - The dollar rose in Asia Monday amid bullish sentiments on the U.S. currency boosted by questions about the indepedence of the Bank of Japan.
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Shanghai index surges to new record
Jan 22 2007 4:22AM (CT)
SHANGHAI, China (AP) - Chinese stocks surged to a record high on Monday, with the key Shanghai Composite Index gaining 3.6 percent to close at 2,933.19 on strong buying of retailers and transportation shares.
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German earns NY a seat at fine-wine table
Jan 22 2007 4:17AM (CT)
DUNDEE, N.Y. (AP) - Hermann Wiemer, a German expatriate, bought an abandoned soybean farm in the hilly Finger Lakes region 1973 and put his winemaking pedigree to the test, turning it into a vineyard.
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