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Investment banks maybe out of Enron suit
Feb 1 2008 8:08PM (CT)
HOUSTON (AP) - A judge said Friday that she will reconsider whether three investment firms being sued by investors for $40 billion in connection with Enron Corp.'s collapse should be excused from the case.
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Investment banks maybe out of Enron suit
Feb 1 2008 8:08PM (CT)
HOUSTON (AP) - A judge said Friday that she will reconsider whether three investment firms being sued by investors for $40 billion in connection with Enron Corp.'s collapse should be excused from the case.
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Disney signs CEO to new contract
Feb 1 2008 7:16PM (CT)
LOS ANGELES (AP) - The Walt Disney Co. said on Friday it signed Chief Executive Robert Iger to a new five-year contract that will pay him an annual salary of $2 million plus bonuses and stock awards that could be worth millions more.
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GM sales up, Ford & Toyota down
Feb 1 2008 6:31PM (CT)
DETROIT (AP) - U.S. car and truck sales slipped again last month as all major automakers reported declines except for General Motors Corp., and companies braced for some tough months ahead.
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Exxon, Chevron post record profits
Feb 1 2008 5:53PM (CT)
HOUSTON (AP) - Suppose Exxon Mobil decided to return the favor and buy you a tank of gas. Then again, why stop there? The oil giant turned a profit last year fat enough to buy a fill-up for every car, truck and SUV in America _ four times.
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Exxon, Chevron post record profits
Feb 1 2008 5:53PM (CT)
HOUSTON (AP) - Suppose Exxon Mobil decided to return the favor and buy you a tank of gas. Then again, why stop there? The oil giant turned a profit last year fat enough to buy a fill-up for every car, truck and SUV in America _ four times.
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Exxon, Chevron post record profits
Feb 1 2008 5:53PM (CT)
HOUSTON (AP) - Suppose Exxon Mobil decided to return the favor and buy you a tank of gas. Then again, why stop there? The oil giant turned a profit last year fat enough to buy a fill-up for every car, truck and SUV in America _ four times.
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Exxon, Chevron post record profits
Feb 1 2008 5:53PM (CT)
HOUSTON (AP) - Suppose Exxon Mobil decided to return the favor and buy you a tank of gas. Then again, why stop there? The oil giant turned a profit last year fat enough to buy a fill-up for every car, truck and SUV in America _ four times.
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Treasurys higher after Jan. job losses
Feb 1 2008 5:47PM (CT)
NEW YORK (AP) - Treasury prices closed higher after a volatile session Friday during which a series of new reports gave a muddled reading of the economy, with the labor force giving up 17,000 jobs last month even as manufacturing rebounded.
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Treasurys higher after Jan. job losses
Feb 1 2008 5:47PM (CT)
NEW YORK (AP) - Treasury prices closed higher after a volatile session Friday during which a series of new reports gave a muddled reading of the economy, with the labor force giving up 17,000 jobs last month even as manufacturing rebounded.
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FDA: Chantix may pose psychiatric risks
Feb 1 2008 4:59PM (CT)
WASHINGTON (AP) - Government regulators said Friday the connection between Pfizer's anti-smoking drug Chantix and serious psychiatric problems is "increasingly likely."
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Exxon posts record profits on oil prices
Feb 1 2008 4:48PM (CT)
HOUSTON (AP) - Exxon Mobil Corp. posted the largest annual profit by a U.S. company _ $40.6 billion _ on Friday as the world's biggest publicly traded oil company benefited from historic crude prices at the end of the year.
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Gold futures decline on stronger dollar
Feb 1 2008 4:43PM (CT)
NEW YORK (AP) - Gold futures fell sharply Friday after the dollar strengthened and investors cashed in profits following the metal's big January gain.
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Oil prices lose more than $3 a barrel
Feb 1 2008 4:17PM (CT)
NEW YORK (AP) - Oil prices fell sharply Friday, closing well under $90 a barrel after a string of dismal economic reports renewed worries that a possible U.S. recession could stunt oil demand.
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Oil prices lose more than $3 a barrel
Feb 1 2008 4:17PM (CT)
NEW YORK (AP) - Oil prices fell sharply Friday, closing well under $90 a barrel after a string of dismal economic reports renewed worries that a possible U.S. recession could stunt oil demand.
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Alcoa, Chalco buy Rio Tinto stake
Feb 1 2008 2:18PM (CT)
SHANGHAI, China (AP) - Alcoa Inc. and Aluminum Corp. of China jointly acquired 12 percent of the shares of global mining company Rio Tinto PLC in a deal believed to be worth $14.05 billion, the companies said Friday.
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OPEC: No boost in oil output
Feb 1 2008 1:58PM (CT)
VIENNA, Austria (AP) - OPEC decided Friday against pumping more oil in a rebuff to Washington and a possible prelude to cuts as early as next month should the wounded U.S. economy sap demand for crude.
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OPEC: No boost in oil output
Feb 1 2008 1:58PM (CT)
VIENNA, Austria (AP) - OPEC decided Friday against pumping more oil in a rebuff to Washington and a possible prelude to cuts as early as next month should the wounded U.S. economy sap demand for crude.
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OPEC: No boost in oil output
Feb 1 2008 1:58PM (CT)
VIENNA, Austria (AP) - OPEC decided Friday against pumping more oil in a rebuff to Washington and a possible prelude to cuts as early as next month should the wounded U.S. economy sap demand for crude.
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Bush sees 'troubling signs' for economy
Feb 1 2008 1:39PM (CT)
KANSAS CITY, Mo. (AP) - President Bush prodded Congress to pass an economic stimulus package Friday, pointing to "troubling signs" in a new report that ended a 52-month streak of national job growth.
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Bush sees 'troubling signs' for economy
Feb 1 2008 1:39PM (CT)
KANSAS CITY, Mo. (AP) - President Bush prodded Congress to pass an economic stimulus package Friday, pointing to "troubling signs" in a new report that ended a 52-month streak of national job growth.
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Bush sees 'troubling signs' for economy
Feb 1 2008 1:39PM (CT)
KANSAS CITY, Mo. (AP) - President Bush prodded Congress to pass an economic stimulus package Friday, pointing to "troubling signs" in a new report that ended a 52-month streak of national job growth.
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Lower broadcasting revenue hurts Gannett
Feb 1 2008 11:13AM (CT)
WASHINGTON (AP) - Gannett Co., the largest newspaper publisher in the United States, said Friday its fourth-quarter profit dropped 31 percent on a decline in broadcasting revenue and weak newspaper ad sales.
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OPEC: No boost in oil output
Feb 1 2008 10:14AM (CT)
VIENNA, Austria (AP) - Shrugging off calls to pump more oil, OPEC ministers said Friday that output levels will not be increased out of fear that a softening global economy will translate into weakened demand.
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OPEC: No boost in oil output
Feb 1 2008 10:14AM (CT)
VIENNA, Austria (AP) - Shrugging off calls to pump more oil, OPEC ministers said Friday that output levels will not be increased out of fear that a softening global economy will translate into weakened demand.
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OPEC: No boost in oil output
Feb 1 2008 10:14AM (CT)
VIENNA, Austria (AP) - Shrugging off calls to pump more oil, OPEC ministers said Friday that output levels will not be increased out of fear that a softening global economy will translate into weakened demand.
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Fed plans $60B auctions to banks in Feb.
Feb 1 2008 10:09AM (CT)
WASHINGTON (AP) - The Federal Reserve said Friday it will provide $60 billion in fresh cash to commercial banks in two auctions in February and will keep holding auctions every other week for as long as needed to ease the credit crisis.
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Microsoft offers $44.6B for Yahoo
Feb 1 2008 7:43AM (CT)
SAN FRANCISCO (AP) - Microsoft Corp. has pounced on slumping Internet icon Yahoo Inc. with an unsolicited takeover offer of $44.6 billion in its boldest bid yet to challenge Google Inc.'s dominance of the lucrative online search and advertising markets.
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Microsoft offers $44.6B for Yahoo
Feb 1 2008 7:43AM (CT)
SAN FRANCISCO (AP) - Microsoft Corp. has pounced on slumping Internet icon Yahoo Inc. with an unsolicited takeover offer of $44.6 billion in its boldest bid yet to challenge Google Inc.'s dominance of the lucrative online search and advertising markets.
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Ericsson planning thousands of layoffs
Feb 1 2008 7:23AM (CT)
STOCKHOLM, Sweden (AP) - Wireless equipment maker LM Ericsson AB reported a sharp drop in fourth-quarter net profits and said Friday it would lay off around 1,000 employees in Sweden because of costs cuts.
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Ericsson planning thousands of layoffs
Feb 1 2008 7:23AM (CT)
STOCKHOLM, Sweden (AP) - Wireless equipment maker LM Ericsson AB reported a sharp drop in fourth-quarter net profits and said Friday it would lay off around 1,000 employees in Sweden because of costs cuts.
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Sharp's profit edges higher
Feb 1 2008 5:36AM (CT)
TOKYO (AP) - Sharp Corp. saw net profit grow 3.8 percent in the October-December quarter owing to increased profits in its liquid crystal display and chip businesses, the major manufacturer of LCD televisions said Friday.
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Sharp's profit edges higher
Feb 1 2008 5:36AM (CT)
TOKYO (AP) - Sharp Corp. saw net profit grow 3.8 percent in the October-December quarter owing to increased profits in its liquid crystal display and chip businesses, the major manufacturer of LCD televisions said Friday.
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Farmers use more legal guest workers
Feb 1 2008 5:16AM (CT)
YAKIMA, Wash. (AP) - In 2006, just 12 Washington state farmers sought to bring in foreign workers to pick fruits and vegetables and prune trees under a federal guest worker program. A year later, that figure more than doubled.
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Nissan's quarterly profit soars
Feb 1 2008 5:13AM (CT)
TOKYO (AP) - Nissan reported a 26.6 percent jump in October-December profit Friday and kept its full year forecasts as strong sales appeared to quell looming worries about a U.S. slowdown and an unfavorably strong yen.
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Japan stocks fall on subprime losses
Feb 1 2008 4:06AM (CT)
TOKYO (AP) - Japanese shares fell Friday after Japanese banks reported larger-than-expected losses due to the subprime mortgage crisis. A slump in China's Shanghai Stock Exchange also weighed on Tokyo trade.
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Japan stocks fall on subprime losses
Feb 1 2008 4:06AM (CT)
TOKYO (AP) - Japanese shares fell Friday after Japanese banks reported larger-than-expected losses due to the subprime mortgage crisis. A slump in China's Shanghai Stock Exchange also weighed on Tokyo trade.
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Mitsubishi Motor trial to start in Fla.
Feb 1 2008 4:01AM (CT)
TOKYO (AP) - Japanese automaker Mitsubishi Motors is being accused of neglecting a seatbelt defect that may have caused a death in a rollover accident in a product liability trial opening in the U.S. Monday.
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Beer sales lift Anheuser-Busch profit
Feb 1 2008 3:35AM (CT)
ST. LOUIS (AP) - Resurgent beer sales helped lift Anheuser-Busch's profit 12 percent in the fourth quarter, but the brewer warned Thursday that rising costs could eat into earnings this year.
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Motorola mulls breakup, phone unit sale
Feb 1 2008 3:12AM (CT)
CHICAGO (AP) - Less than two years past the most successful stretch in its 80-year history, Motorola Inc. is considering a sale or spinoff its now free-falling cell phone business.
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FBI director: mortgage fraud substantial
Feb 1 2008 3:09AM (CT)
HONOLULU (AP) - FBI Director Robert Mueller said Thursday that the agency is committed to investigating and prosecuting companies involved in mortgage fraud and other violations in connection with home loans made to risky borrowers.
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Economy, credit boom transform Brazil
Feb 1 2008 2:15AM (CT)
SAO PAULO, Brazil (AP) - Maria Nazare de Souza beams as she shows off her newfound wealth: a two-chair beauty salon with a tiny two-room apartment above it.
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Economy, credit boom transform Brazil
Feb 1 2008 2:15AM (CT)
SAO PAULO, Brazil (AP) - Maria Nazare de Souza beams as she shows off her newfound wealth: a two-chair beauty salon with a tiny two-room apartment above it.
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Economy, credit boom transform Brazil
Feb 1 2008 2:15AM (CT)
SAO PAULO, Brazil (AP) - Maria Nazare de Souza beams as she shows off her newfound wealth: a two-chair beauty salon with a tiny two-room apartment above it.
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Economy, credit boom transform Brazil
Feb 1 2008 2:15AM (CT)
SAO PAULO, Brazil (AP) - Maria Nazare de Souza beams as she shows off her newfound wealth: a two-chair beauty salon with a tiny two-room apartment above it.
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Economy, credit boom transform Brazil
Feb 1 2008 2:15AM (CT)
SAO PAULO, Brazil (AP) - Maria Nazare de Souza beams as she shows off her newfound wealth: a two-chair beauty salon with a tiny two-room apartment above it.
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