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Oil dips below $58 a barrel in Asia
Jan 31 2007 11:05PM (CT)
SINGAPORE (AP) - Oil prices dipped in Asian trading Thursday as market participants took profits after crude gained more than $1 a barrel in the previous session.
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Japanese stocks rise; Dollar edges lower
Jan 31 2007 9:52PM (CT)
TOKYO (AP) - Japanese stocks rose Thursday morning, led by gains in communication issues. The dollar was slightly lower against the yen.
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Starbucks 1Q earnings up nearly 18 pct.
Jan 31 2007 8:21PM (CT)
SEATTLE (AP) - Starbucks Corp. said Wednesday its fiscal first-quarter profit climbed nearly 18 percent on a record number of store openings and ramped-up breakfast and lunch offerings.
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Boeing 4Q profit more than doubles
Jan 31 2007 6:42PM (CT)
CHICAGO (AP) - Record-setting commercial airplane sales and a strong defense business helped Boeing Co. smash Wall Street forecasts as the airplane maker delivered a fourth-quarter profit that was more than double its earnings of a year ago.
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Boeing 4Q profit more than doubles
Jan 31 2007 6:42PM (CT)
CHICAGO (AP) - Record-setting commercial airplane sales and a strong defense business helped Boeing Co. smash Wall Street forecasts as the airplane maker delivered a fourth-quarter profit that was more than double its earnings of a year ago.
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Boeing 4Q profit more than doubles
Jan 31 2007 6:42PM (CT)
CHICAGO (AP) - Record-setting commercial airplane sales and a strong defense business helped Boeing Co. smash Wall Street forecasts as the airplane maker delivered a fourth-quarter profit that was more than double its earnings of a year ago.
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Boeing 4Q profit more than doubles
Jan 31 2007 6:42PM (CT)
CHICAGO (AP) - Record-setting commercial airplane sales and a strong defense business helped Boeing Co. smash Wall Street forecasts as the airplane maker delivered a fourth-quarter profit that was more than double its earnings of a year ago.
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Boeing 4Q profit more than doubles
Jan 31 2007 6:42PM (CT)
CHICAGO (AP) - Record-setting commercial airplane sales and a strong defense business helped Boeing Co. smash Wall Street forecasts as the airplane maker delivered a fourth-quarter profit that was more than double its earnings of a year ago.
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Boeing 4Q profit more than doubles
Jan 31 2007 6:42PM (CT)
CHICAGO (AP) - Record-setting commercial airplane sales and a strong defense business helped Boeing Co. smash Wall Street forecasts as the airplane maker delivered a fourth-quarter profit that was more than double its earnings of a year ago.
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Boeing 4Q profit more than doubles
Jan 31 2007 6:42PM (CT)
CHICAGO (AP) - Record-setting commercial airplane sales and a strong defense business helped Boeing Co. smash Wall Street forecasts as the airplane maker delivered a fourth-quarter profit that was more than double its earnings of a year ago.
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Boeing 4Q profit more than doubles
Jan 31 2007 6:42PM (CT)
CHICAGO (AP) - Record-setting commercial airplane sales and a strong defense business helped Boeing Co. smash Wall Street forecasts as the airplane maker delivered a fourth-quarter profit that was more than double its earnings of a year ago.
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Ford sees its Jan. sales down 20 percent
Jan 31 2007 6:41PM (CT)
DEARBORN, Mich. (AP) - Ford Motor Co. said Wednesday that it expects to post a 20 percent drop in January U.S. auto sales compared with the same month a year ago, due largely to lower sales to rental-car companies.
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Altria to spin off rest of Kraft
Jan 31 2007 6:41PM (CT)
NEW YORK (AP) - Now that Altria is poised to jettison its Kraft Foods subsidiary, investors expect the payoff will be a higher share price as the company transforms into almost purely a tobacco company.
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US Airways withdraws bid for Delta
Jan 31 2007 6:37PM (CT)
ATLANTA (AP) - US Airways Group Inc. dropped its $9.8 billion hostile bid for Delta Air Lines Inc. on Wednesday after a key group of the bankrupt carrier's creditors said Delta would be better off emerging from Chapter 11 on its own.
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Fed holds interest rates at 5.25 percent
Jan 31 2007 6:27PM (CT)
WASHINGTON (AP) - Pointing to a revved-up economy and encouraging news on inflation, the Federal Reserve held interest rates steady on Wednesday and extended a half-year breather for U.S. borrowers. Wall Street surged in response.
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N.Y. Times takes $814M charge on Globe
Jan 31 2007 5:48PM (CT)
NEW YORK (AP) - The New York Times Co. took a charge of $814.4 million Wednesday to write down the value of The Boston Globe and the Worcester Telegram & Gazette, which have been struggling amid advertiser consolidation, a weak regional economy and competition from the Internet.
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NYSE, Tokyo exchange announce alliance
Jan 31 2007 5:13PM (CT)
NEW YORK (AP) - The New York Stock Exchange and Tokyo Stock Exchange announced an alliance Wednesday that extends the NYSE's global reach and could lead to an eventual combination of the world's two largest financial markets.
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NYSE, Tokyo exchange announce alliance
Jan 31 2007 5:13PM (CT)
NEW YORK (AP) - The New York Stock Exchange and Tokyo Stock Exchange announced an alliance Wednesday that extends the NYSE's global reach and could lead to an eventual combination of the world's two largest financial markets.
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NYSE, Tokyo exchange announce alliance
Jan 31 2007 5:13PM (CT)
NEW YORK (AP) - The New York Stock Exchange and Tokyo Stock Exchange announced an alliance Wednesday that extends the NYSE's global reach and could lead to an eventual combination of the world's two largest financial markets.
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Umbilical cord blood industry matures
Jan 31 2007 4:46PM (CT)
NEW YORK (AP) - Frances Verter's first child Shai died before reaching her fifth birthday following a lifelong fight with cancer. When her second and third children were born, Verter decided to collect and store the blood from their umbilical cords, an option increasingly being presented to expecting parents around the nation.
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Google 4Q earnings nearly triple
Jan 31 2007 4:34PM (CT)
SAN FRANCISCO (AP) - Google Inc.'s fourth-quarter profit nearly tripled amid another burst of breathtaking growth that enabled the online search leader to sprint past analyst expectations _ a habit that has helped propel its stock price above $500.
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Kodak posts 4Q profit
Jan 31 2007 4:31PM (CT)
ROCHESTER, N.Y. (AP) - After wading through a river of red ink for two years, Eastman Kodak Co. finally hauled in a modest profit in the fourth quarter. For the first time, it also generated more earnings from digital photography and commercial printing than from its storied film business.
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Kodak posts 4Q profit
Jan 31 2007 4:31PM (CT)
ROCHESTER, N.Y. (AP) - After wading through a river of red ink for two years, Eastman Kodak Co. finally hauled in a modest profit in the fourth quarter. For the first time, it also generated more earnings from digital photography and commercial printing than from its storied film business.
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Bush seeks to cut farm program funds
Jan 31 2007 4:30PM (CT)
WASHINGTON (AP) - Thousands of the nation's richest farmers would lose their government subsidies under a Bush administration plan to curb farm spending.
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IRS: Taxpayers neglect phone tax refund
Jan 31 2007 2:56PM (CT)
WASHINGTON (AP) - More than a third of early tax return filers are not requesting the one-time telephone tax refund entitling them to at least $30, the Internal Revenue Service said Wednesday.
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Altria 4Q profit rises 29.3 pct
Jan 31 2007 12:06PM (CT)
NEW YORK (AP) - Altria Group Inc., the food and tobacco conglomerate, on Wednesday said fourth-quarter profit rose 29.3 percent on the strength of acquisitions, favorable currency comparisons and pricing strength internationally.
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Altria 4Q profit rises 29.3 pct
Jan 31 2007 12:06PM (CT)
NEW YORK (AP) - Altria Group Inc., the food and tobacco conglomerate, on Wednesday said fourth-quarter profit rose 29.3 percent on the strength of acquisitions, favorable currency comparisons and pricing strength internationally.
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Tata Steel outbids rival CSN for Corus
Jan 31 2007 11:43AM (CT)
NEW DELHI (AP) - Tata Steel said Wednesday its $11.3 billion offer to acquire European steel maker Corus is strategic to its global ambitions, even as the winning bid raised concerns that the deal's high cost could undermine the combined company's financial health.
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Tata Steel outbids rival CSN for Corus
Jan 31 2007 11:43AM (CT)
NEW DELHI (AP) - Tata Steel said Wednesday its $11.3 billion offer to acquire European steel maker Corus is strategic to its global ambitions, even as the winning bid raised concerns that the deal's high cost could undermine the combined company's financial health.
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Tata Steel outbids rival CSN for Corus
Jan 31 2007 11:43AM (CT)
NEW DELHI (AP) - Tata Steel said Wednesday its $11.3 billion offer to acquire European steel maker Corus is strategic to its global ambitions, even as the winning bid raised concerns that the deal's high cost could undermine the combined company's financial health.
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Asset sale lifts Time Warner's 4Q profit
Jan 31 2007 10:04AM (CT)
NEW YORK (AP) - Time Warner Inc.'s profit jumped 34 percent in the fourth quarter, boosted by the sale of Internet access businesses in Europe and a deal that added new subscribers to its cable TV unit.
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New York Times reports 4Q loss of $648M
Jan 31 2007 9:29AM (CT)
NEW YORK (AP) - The New York Times Co. posted a $648 million loss for the fourth quarter on Wednesday as it absorbed an $814.4 million charge to write down the value of its struggling New England properties, The Boston Globe and the Worcester Telegram & Gazette.
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Compensation costs up 0.8 percent in 4Q
Jan 31 2007 8:57AM (CT)
WASHINGTON (AP) - Employers' costs to hire and retain workers moderated in the final quarter of 2006, which could ease concerns about the development of inflation pressures.
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Sony sees gaming losses growing in 2007
Jan 31 2007 7:42AM (CT)
TOKYO (AP) - Price cuts for the PlayStation 3 video game console are among the factors Sony is studying as it seeks to break even in its money-losing gaming business next fiscal year, a company executive said Wednesday.
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China's benchmark stock index tumbles
Jan 31 2007 5:26AM (CT)
SHANGHAI, China (AP) - Chinese shares tumbled nearly 5 percent in their biggest one-day loss in eight months on Wednesday amid mounting worries over high stock valuations.
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Tougher regulations for farm odors urged
Jan 31 2007 4:48AM (CT)
JEFFERSON CITY, Mo. (AP) - Neighbors of factory-size farms who have long complained about foul smells are urging a state panel to strengthen Missouri's regulation of agricultural odors.
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Super Bowl ad doesn't mention product
Jan 31 2007 1:05AM (CT)
KNOXVILLE, Tenn. (AP) - King Pharmaceuticals Inc. is as serious as a heart attack about its first Super Bowl commercial _ a lighthearted pitch about prevention that touts an American Heart Association Web site without mentioning its own top heart drug, Altace.
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Investigators: Millions in Iraq aid wasted
Jan 31 2007 12:39AM (CT)
WASHINGTON (AP) - The U.S. government wasted tens of millions of dollars in Iraq reconstruction aid, including scores of unaccounted-for weapons and a never-used camp for housing police trainers with an Olympic-size swimming pool, investigators say.
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