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L.A. says Delta's plan can't be approved
Jan 25 2007 11:18PM (CT)
ATLANTA (AP) - The city of Los Angeles said in a bankruptcy court filing Thursday that Delta Air Lines Inc.'s reorganization plan can't be approved because of undue authority it gives the company to reject certain leases.
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GM to delay 4Q earnings, restate results
Jan 25 2007 11:17PM (CT)
DETROIT (AP) - General Motors Corp. said Thursday it will make a net profit in the fourth quarter but will delay reporting 2006 financial results because of accounting errors and other issues.
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Ford posts record loss of $12.7 billion
Jan 25 2007 10:18PM (CT)
DEARBORN, Mich. (AP) - Ford Motor Co. lost a staggering $12.7 billion in 2006, an average of $1,925 for every car and truck it sold and the worst loss in the company's 103-year-history.
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Ford posts record loss of $12.7 billion
Jan 25 2007 10:18PM (CT)
DEARBORN, Mich. (AP) - Ford Motor Co. lost a staggering $12.7 billion in 2006, an average of $1,925 for every car and truck it sold and the worst loss in the company's 103-year-history.
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Ford posts record loss of $12.7 billion
Jan 25 2007 10:18PM (CT)
DEARBORN, Mich. (AP) - Ford Motor Co. lost a staggering $12.7 billion in 2006, an average of $1,925 for every car and truck it sold and the worst loss in the company's 103-year-history.
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Ford posts record loss of $12.7 billion
Jan 25 2007 10:18PM (CT)
DEARBORN, Mich. (AP) - Ford Motor Co. lost a staggering $12.7 billion in 2006, an average of $1,925 for every car and truck it sold and the worst loss in the company's 103-year-history.
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Ford posts record loss of $12.7 billion
Jan 25 2007 10:18PM (CT)
DEARBORN, Mich. (AP) - Ford Motor Co. lost a staggering $12.7 billion in 2006, an average of $1,925 for every car and truck it sold and the worst loss in the company's 103-year-history.
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Ford posts record loss of $12.7 billion
Jan 25 2007 10:18PM (CT)
DEARBORN, Mich. (AP) - Ford Motor Co. lost a staggering $12.7 billion in 2006, an average of $1,925 for every car and truck it sold and the worst loss in the company's 103-year-history.
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AT&T 4Q profit rises 17 percent
Jan 25 2007 10:16PM (CT)
SAN ANTONIO (AP) - AT&T Inc.'s fourth-quarter earnings rose 17 percent, the telecommunications company reported Thursday, reaffirming its growth target for 2007 and raising projections for the cost savings expected from the just-completed buyout of BellSouth Corp.
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Japanese stocks lower; Dollar up vs yen
Jan 25 2007 10:15PM (CT)
TOKYO (AP) - Japanese stocks fell Friday morning after briefly touching a 6 1/2 year high a day earlier. The dollar was higher against the yen.
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Midwest Air, Alaska Air post growth
Jan 25 2007 8:22PM (CT)
DENVER (AP) - Two smaller airline companies, Midwest Air Group Inc. and Alaska Air Group Inc., reported improved earnings Thursday, crediting an increase in passenger traffic thanks to expanding service.
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Lockheed, Northrop 4Q earnings rise
Jan 25 2007 7:19PM (CT)
WASHINGTON (AP) - Defense contractors Lockheed Martin Corp. and Northrop Grumman Co. posted higher fourth-quarter earnings Thursday as government spending in areas like military hardware and information and technology remained strong.
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Existing home sales plunge in 2006
Jan 25 2007 7:12PM (CT)
WASHINGTON (AP) - After a five-year boom, the nation's housing market cooled considerably in 2006 with existing home sales falling by the largest amount in 17 years.
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Anheuser-Busch unveils Super Bowl ads
Jan 25 2007 7:03PM (CT)
NEW YORK (AP) - In the annual Big Game of advertising _ the Super Bowl _ marketing powerhouse Anheuser-Busch Cos. is the force to be reckoned with, and this year is no different. The brewer will once again be the largest advertiser during the Feb. 4 matchup between the Indianapolis Colts and the Chicago Bears with a combined five minutes of ad time for its Budweiser and Bud Light brands.
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Anheuser-Busch unveils Super Bowl ads
Jan 25 2007 7:03PM (CT)
NEW YORK (AP) - In the annual Big Game of advertising _ the Super Bowl _ marketing powerhouse Anheuser-Busch Cos. is the force to be reckoned with, and this year is no different. The brewer will once again be the largest advertiser during the Feb. 4 matchup between the Indianapolis Colts and the Chicago Bears with a combined five minutes of ad time for its Budweiser and Bud Light brands.
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Blackstone raises Equity Office bid
Jan 25 2007 4:54PM (CT)
NEW YORK (AP) - Private equity firm Blackstone Group on Thursday raised its offer to buy Equity Office Properties Trust by 11 percent to $22.3 billion, or $54 per share in cash, topping a rival bid from Vornado Realty Trust as it made the second-biggest private equity buyout offer ever.
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Union membership drops to record low
Jan 25 2007 3:55PM (CT)
WASHINGTON (AP) - Union membership dropped to 12 percent of U.S. workers last year, extending a steady decline from the 1950s when more than a third belonged to unions.
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Oil prices slip on OPEC doubts
Jan 25 2007 3:53PM (CT)
NEW YORK (AP) - Crude oil prices dropped back below $55 a barrel Thursday, as doubts re-emerged over whether OPEC is actually making the production cuts it promised last year.
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Union Pacific 4Q earnings up 64 percent
Jan 25 2007 3:48PM (CT)
OMAHA, Neb. (AP) - Union Pacific Corp., the nation's largest railroad operator, reported a 64 percent jump in fourth-quarter net income Thursday because of greater efficiencies and strong demand for the coal and agricultural products it ships.
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30-yr. mortgage rates up to 6.25 percent
Jan 25 2007 3:10PM (CT)
WASHINGTON (AP) - Rates on 30-year mortgages edged up to the highest level since early November as the economy continued to show surprising signs of strength.
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Campbell Soup sales up, but profits down
Jan 25 2007 2:35PM (CT)
MOUNT LAUREL, N.J. (AP) - Campbell Soup Co. on Monday reported an increase in fiscal first-quarter sales but its profits were down slightly compared with a year earlier, when the company got a huge tax break.
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Smith & Wesson takes aim at old markets
Jan 25 2007 2:33PM (CT)
SPRINGFIELD, Mass. (AP) - Smith & Wesson may be best recognized as the brand of choice for Dirty Harry, the movie cop who warned punks his .44 Magnum was "the most powerful handgun in the world." But that was in 1971, and much has changed in the past 36 years.
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Smith & Wesson takes aim at old markets
Jan 25 2007 2:33PM (CT)
SPRINGFIELD, Mass. (AP) - Smith & Wesson may be best recognized as the brand of choice for Dirty Harry, the movie cop who warned punks his .44 Magnum was "the most powerful handgun in the world." But that was in 1971, and much has changed in the past 36 years.
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Smith & Wesson takes aim at old markets
Jan 25 2007 2:33PM (CT)
SPRINGFIELD, Mass. (AP) - Smith & Wesson may be best recognized as the brand of choice for Dirty Harry, the movie cop who warned punks his .44 Magnum was "the most powerful handgun in the world." But that was in 1971, and much has changed in the past 36 years.
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Smith & Wesson takes aim at old markets
Jan 25 2007 2:33PM (CT)
SPRINGFIELD, Mass. (AP) - Smith & Wesson may be best recognized as the brand of choice for Dirty Harry, the movie cop who warned punks his .44 Magnum was "the most powerful handgun in the world." But that was in 1971, and much has changed in the past 36 years.
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Smith & Wesson takes aim at old markets
Jan 25 2007 2:33PM (CT)
SPRINGFIELD, Mass. (AP) - Smith & Wesson may be best recognized as the brand of choice for Dirty Harry, the movie cop who warned punks his .44 Magnum was "the most powerful handgun in the world." But that was in 1971, and much has changed in the past 36 years.
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Smith & Wesson takes aim at old markets
Jan 25 2007 2:33PM (CT)
SPRINGFIELD, Mass. (AP) - Smith & Wesson may be best recognized as the brand of choice for Dirty Harry, the movie cop who warned punks his .44 Magnum was "the most powerful handgun in the world." But that was in 1971, and much has changed in the past 36 years.
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Smith & Wesson takes aim at old markets
Jan 25 2007 2:33PM (CT)
SPRINGFIELD, Mass. (AP) - Smith & Wesson may be best recognized as the brand of choice for Dirty Harry, the movie cop who warned punks his .44 Magnum was "the most powerful handgun in the world." But that was in 1971, and much has changed in the past 36 years.
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Union Pacific 4Q earnings up 64 percent
Jan 25 2007 2:32PM (CT)
OMAHA, Neb. (AP) - Union Pacific Corp., the nation's largest railroad operator, reported a 64 percent jump in fourth-quarter net income Thursday because of greater efficiencies and strong demand for the coal and agricultural products it ships.
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Union Pacific 4Q earnings up 64 percent
Jan 25 2007 2:32PM (CT)
OMAHA, Neb. (AP) - Union Pacific Corp., the nation's largest railroad operator, reported a 64 percent jump in fourth-quarter net income Thursday because of greater efficiencies and strong demand for the coal and agricultural products it ships.
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London Exchange rejects Nasdaq offer
Jan 25 2007 2:05PM (CT)
LONDON (AP) - The London Stock Exchange on Monday spurned a fresh takeover bid from The Nasdaq Stock Market Inc., saying it "substantially undervalued" the London Market.
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Stocks drift lower in quiet trading
Jan 25 2007 1:30PM (CT)
NEW YORK (AP) - Stocks drifted lower Thursday after strong profit reports from several big technology names failed to sustain investor enthusiasm for the sector a day after tech issues posted sharp gains.
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Davos: Business leaders urge trade pact
Jan 25 2007 1:13PM (CT)
DAVOS, Switzerland (AP) - Failure to agree on a new global trade treaty would undermine the world's economic growth and leaders must deliver on a new pact or risk the dangers of protectionism, some of the world's most powerful business executives said on Thursday.
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Ex-VW exec fined for role in scandal
Jan 25 2007 1:06PM (CT)
BRAUNSCHWEIG, Germany (AP) - Volkswagen AG's former personnel chief received a two-year suspended prison sentence on Thursday and fined 576,000 euros ($749,000) for his role in a corruption scandal at the German automaker.
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Cardinal 2Q profit more than doubles
Jan 25 2007 10:58AM (CT)
DUBLIN, Ohio (AP) - Cardinal Health Inc. said Thursday it sold its pharmaceutical technologies and services business to private equity company, after announcing its second-quarter earnings more than doubled on a $425 million tax gain from the sale of another business.
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Cardinal 2Q profit more than doubles
Jan 25 2007 10:58AM (CT)
DUBLIN, Ohio (AP) - Cardinal Health Inc. said Thursday it sold its pharmaceutical technologies and services business to private equity company, after announcing its second-quarter earnings more than doubled on a $425 million tax gain from the sale of another business.
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Nucor 4Q profit up 20 pct; stock up
Jan 25 2007 10:57AM (CT)
CHARLOTTE, N.C. (AP) - Steel products maker Nucor Corp. said Thursday its fourth-quarter profit increased 20 percent, due to stronger sales prices as shipment volume remained flat.
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Southern Co. reports profit rise
Jan 25 2007 10:56AM (CT)
ATLANTA (AP) - Energy provider Southern Company reported an 18 percent jump in fourth-quarter profit Thursday despite a 4 percent drop in revenue.
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Imclone 4Q profit up, sales miss Street
Jan 25 2007 10:55AM (CT)
NEW YORK (AP) - Biotech drug maker Imclone Systems Inc. said Thursday its fourth-quarter profit jumped on strong sales of its Erbitux cancer treatment and lower expenses, but total sales fell short of Wall Street's forecast.
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Occidental Petroleum 4Q profit falls
Jan 25 2007 10:55AM (CT)
LOS ANGELES (AP) - Occidental Petroleum Corp. on Thursday said profit slid 19 percent due to sharply lower gas prices and moderately weaker oil prices in the fourth quarter.
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Occidental Petroleum 4Q profit falls
Jan 25 2007 10:55AM (CT)
LOS ANGELES (AP) - Occidental Petroleum Corp. on Thursday said profit slid 19 percent due to sharply lower gas prices and moderately weaker oil prices in the fourth quarter.
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Dow Jones 4Q profit soars
Jan 25 2007 10:02AM (CT)
NEW YORK (AP) - Financial news publisher Dow Jones & Co. reported sharply higher fourth quarter earnings Thursday on special gains from the sale of several newspapers as well as growth in revenues.
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Kimberly-Clark 4Q net income rises
Jan 25 2007 10:01AM (CT)
IRVING, Texas (AP) - Kimberly-Clark Corp., which makes personal care products including Kleenex tissue and Huggies diapers, said Thursday its fourth-quarter earnings grew 30 percent, fueled by strong sales in its health care business and Mexico division.
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Dow Chemical 4Q profit falls 11 percent
Jan 25 2007 10:00AM (CT)
MIDLAND, Mich. (AP) - Dow Chemical Co. said Thursday that its fourth-quarter profit declined 11 percent as higher costs offset a modest rise in sales by the world's second-largest chemical company.
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Dow Chemical 4Q profit falls 11 percent
Jan 25 2007 10:00AM (CT)
MIDLAND, Mich. (AP) - Dow Chemical Co. said Thursday that its fourth-quarter profit declined 11 percent as higher costs offset a modest rise in sales by the world's second-largest chemical company.
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Beazer Homes slides to 1Q loss
Jan 25 2007 9:59AM (CT)
ATLANTA (AP) - Home builder Beazer Homes USA Inc. said Thursday lower revenue and hefty charges drove it to a fiscal first-quarter loss from year-ago profit.
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Beazer Homes slides to 1Q loss
Jan 25 2007 9:59AM (CT)
ATLANTA (AP) - Home builder Beazer Homes USA Inc. said Thursday lower revenue and hefty charges drove it to a fiscal first-quarter loss from year-ago profit.
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Bristol-Myers posts 4th-quarter loss
Jan 25 2007 9:59AM (CT)
NEW YORK (AP) - Bristol-Myers Squibb Co. said Thursday it lost $134 million in the fourth quarter compared with a year-ago profit, as sales of its best-selling drug Plavix plunged and it took a hefty charge to settle investigations into pricing policies.
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China economy grows 10.7 percent in 2006
Jan 25 2007 9:49AM (CT)
BEIJING (AP) - China reported Thursday that its sizzling economy grew at its fastest rate in a decade last year as the government struggled to contain the strains of an export-driven boom.
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Lockheed Martin 4Q profit up 28 percent
Jan 25 2007 9:08AM (CT)
WASHINGTON (AP) - Defense contractor Lockheed Martin Corp. said Thursday that fourth-quarter earnings rise 28 percent on growth across its military hardware and other divisions, prompting the company to raise its profit outlook for 2007.
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BA cancels flights as cabin crew strikes
Jan 25 2007 6:25AM (CT)
LONDON (AP) - British Airways said Thursday said that it is canceling all flights from London Heathrow airport for two days next week because of a strike by cabin crew.
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Colo. ranchers struggle to reach cattle
Jan 25 2007 4:58AM (CT)
DENVER (AP) - A month after the first wave of devastating winter storms hit Colorado, some eastern Colorado ranchers still haven't been able to get feed to their cattle, a state official said.
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Hyundai's 4Q profit tumbles 22 percent
Jan 25 2007 4:28AM (CT)
SEOUL, South Korea (AP) - Hyundai Motor Co., the world's sixth-largest automaker, said Thursday its net profit fell for the fourth straight quarter amid strength in the South Korean won and production losses due to strikes.
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Hyundai's 4Q profit tumbles 22 percent
Jan 25 2007 4:28AM (CT)
SEOUL, South Korea (AP) - Hyundai Motor Co., the world's sixth-largest automaker, said Thursday its net profit fell for the fourth straight quarter amid strength in the South Korean won and production losses due to strikes.
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U.N.: Services sector overtakes farming
Jan 25 2007 12:59AM (CT)
GENEVA (AP) - The world's biggest source of employment is for the first time the services sector, rather than agriculture and industry, a U.N. report said Thursday.
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