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Latest Business News Archives for January 28, 2006

Greenspan's reign ending at the Fed
Jan 28 2006 9:38PM (CT)
WASHINGTON (AP) - It will be business as usual when Alan Greenspan wraps up nearly two decades at the Federal Reserve on Tuesday.
 
India, darling of Davos, seeks investment
Jan 28 2006 9:32PM (CT)
DAVOS, Switzerland (AP) - Dell Inc. founder Michael Dell asked about manufacturing semiconductors. Nestle SA CEO Peter Brabeck-Letmathe raised the problem of water supplies in rural areas.
 
New SEC guidelines shield shareholders
Jan 28 2006 7:56PM (CT)
NEW YORK (AP) - How can the Securities and Exchange Commission punish corporate crime without punishing shareholders?
 
U.S. seeks Guidant documents from lawyer
Jan 28 2006 5:49PM (CT)
INDIANAPOLIS (AP) - The Justice Department has ordered an attorney to turn over documents indicating Guidant Corp. continued selling some of its heart defibrillator models after knowing the devices could malfunction.
 
Report: Cars, trucks racking up more miles
Jan 28 2006 7:04AM (CT)
WASHINGTON (AP) - Back in the 1970s when Pat Goss was working in automotive repair, 100,000 miles was considered the benchmark of a car's longevity. Well-maintained Dodge Darts with more than 300,000 miles were a rarity. Now, with advanced technology, improved engines and synthetic oils, crossing the 100,000-mark on the odometer is not much cause for celebration.
 
Davos forum grapples with African troubles
Jan 28 2006 6:54AM (CT)
DAVOS, Switzerland (AP) - What is needed not just to aid Africa but actually solve its seemingly neverending problems?
 
Doha trade round at a standstill
Jan 28 2006 5:49AM (CT)
DAVOS, Switzerland (AP) - The Doha round of trade liberalization talks is at a standstill, but ministers were still hopeful they could eventually reach a final deal as they gathered for a third day of talks Saturday.
 
Corporate earnings good despite headlines
Jan 28 2006 3:59AM (CT)
NEW YORK (AP) - Although Wall Street's reaction to fourth-quarter earnings reports has alternated between elation and despair, corporate profits remain very healthy overall, and the majority of corporations are beating expectations.
 
Chevron 4Q profit up 20 percent to $4.14B
Jan 28 2006 3:57AM (CT)
SAN RAMON, Calif. (AP) - Chevron Corp. on Friday reported the highest quarterly and annual profits in its 126-year history, refocusing attention on the high fuel prices that have enriched the oil company's shareholders and exasperated consumers paying more to fill their gasoline tanks and heat their homes.
 
Ford ordered to pay $29M in rollover crash
Jan 28 2006 3:56AM (CT)
CORPUS CHRISTI, Texas (AP) - Ford Motor Co. was ordered to pay $29 million Friday in the case of a 22-year-old woman who was partially paralyzed after the Firestone tire on her Explorer failed and the vehicle rolled over.
 
Ex-workers, experts to follow Enron trial
Jan 28 2006 3:53AM (CT)
HOUSTON (AP) - Like so many other ex-Enron employees suddenly left without a paycheck more than four years ago, Deborah DeFforge has moved on. But she'll be among those watching Monday's start of the fraud and conspiracy trial of Enron founder Kenneth Lay and former CEO Jeffrey Skilling.
 
   

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