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Latest Business News Archives for February 4, 2008

Spat could close 14 Chrysler plants
Feb 4 2008 10:31PM (CT)
DETROIT (AP) - Negotiators for Chrysler LLC and a troubled parts supplier were trying to end a dispute that shut down or canceled a shift at five Chrysler plants and threatened to idle all 14 of the automaker's assembly facilities.
 
Bush budget would bring record deficits
Feb 4 2008 10:05PM (CT)
WASHINGTON (AP) - The record $3.1 trillion budget proposed by President Bush on Monday would produce eyepopping federal deficits, despite his attempts to impose politically wrenching curbs on Medicare and eliminate scores of popular domestic programs.
 
Bush budget would bring record deficits
Feb 4 2008 10:05PM (CT)
WASHINGTON (AP) - The record $3.1 trillion budget proposed by President Bush on Monday would produce eyepopping federal deficits, despite his attempts to impose politically wrenching curbs on Medicare and eliminate scores of popular domestic programs.
 
Bush budget would bring record deficits
Feb 4 2008 10:05PM (CT)
WASHINGTON (AP) - The record $3.1 trillion budget proposed by President Bush on Monday would produce eyepopping federal deficits, despite his attempts to impose politically wrenching curbs on Medicare and eliminate scores of popular domestic programs.
 
Giants-Patriots most-watched Super Bowl
Feb 4 2008 10:04PM (CT)
NEW YORK (AP) - The 97.5 million viewers who saw the New York Giants' last-minute win over the New England Patriots made it the most-watched Super Bowl ever and second biggest event in American television history.
 
Fox gives lift to News Corp. earnings
Feb 4 2008 6:48PM (CT)
NEW YORK (AP) - Improved results from the Fox broadcast network and Fox News Channel lifted second-quarter earnings at News Corp., outweighing lighter returns from movies and TV production, the media conglomerate reported Monday.
 
SEC probes SocGen director's sales
Feb 4 2008 5:41PM (CT)
WASHINGTON (AP) - The Securities and Exchange Commission is examining stock sales by an American board member of Societe Generale, The Wall Street Journal reported Monday.
 
SEC probes SocGen director's sales
Feb 4 2008 5:41PM (CT)
WASHINGTON (AP) - The Securities and Exchange Commission is examining stock sales by an American board member of Societe Generale, The Wall Street Journal reported Monday.
 
Treasurys off; investor confidence grows
Feb 4 2008 5:40PM (CT)
NEW YORK (AP) - Long-term Treasury prices closed lower Monday, as investors pulled away from safe haven investments and reassessed the economic outlook.
 
Wendy's, sans big charges, falls short
Feb 4 2008 4:57PM (CT)
COLUMBUS, Ohio (AP) - Wendy's International Inc. said Monday that fourth-quarter earnings more than quadrupled from a year ago, when it took major charges for discontinued operations, and restaurants reported better margins despite high commodity prices.
 
Wendy's, sans big charges, falls short
Feb 4 2008 4:57PM (CT)
COLUMBUS, Ohio (AP) - Wendy's International Inc. said Monday that fourth-quarter earnings more than quadrupled from a year ago, when it took major charges for discontinued operations, and restaurants reported better margins despite high commodity prices.
 
Platinum hits record on supply concerns
Feb 4 2008 4:25PM (CT)
NEW YORK (AP) - Platinum soared above $1,800 an ounce for the first time Monday as investors bet that a power shortage in South Africa will tighten global supply for the metal used in jewelry and automobiles.
 
Platinum hits record on supply concerns
Feb 4 2008 4:25PM (CT)
NEW YORK (AP) - Platinum soared above $1,800 an ounce for the first time Monday as investors bet that a power shortage in South Africa will tighten global supply for the metal used in jewelry and automobiles.
 
Oil prices up on factory orders, weather
Feb 4 2008 4:01PM (CT)
NEW YORK (AP) - Oil futures rose Monday after the government reported strong data on factory orders, giving investors some hope that the economy will dodge a recession that would curtail demand for energy.
 
Oil prices up on factory orders, weather
Feb 4 2008 4:01PM (CT)
NEW YORK (AP) - Oil futures rose Monday after the government reported strong data on factory orders, giving investors some hope that the economy will dodge a recession that would curtail demand for energy.
 
World Bank cuts China growth forecast
Feb 4 2008 2:16PM (CT)
BEIJING (AP) - The World Bank cut its 2008 economic growth forecast for China to 9.6 percent from 10.8 percent on Monday due to cooling global export demand and said storms battering southern China should have little long-term impact.
 
French minister says controls failed
Feb 4 2008 2:15PM (CT)
PARIS (AP) - Controls at French banking icon Societe Generale missed or ignored suspicious activity by a trader whose dealings led to about $7 billion in losses, the finance minister said Monday.
 
Higher selling prices boost ADM profit
Feb 4 2008 12:08PM (CT)
CHAMPAIGN, Ill. (AP) - Food processor Archer Daniels Midland Co. said Monday its second-quarter profit rose 7 percent as higher earnings from oilseed processing and rising demand for feed grains offset declining margins in its ethanol business.
 
Bush says budget is sound
Feb 4 2008 11:32AM (CT)
WASHINGTON (AP) - President Bush said Monday his $3.1 trillion budget plan will keep the U.S. economy growing and protect the U.S. militarily.
 
Low taxes and a sale boost Humana profit
Feb 4 2008 9:37AM (CT)
LOUISVILLE, Ky. (AP) - Health insurer Humana Inc. posted a 57 percent surge in fourth-quarter earnings Monday from its growing government segment, a lower-than-expected income tax rate and a gain on the sale of a venture capital investment.
 
Google assails Microsoft over Yahoo deal
Feb 4 2008 7:46AM (CT)
SAN FRANCISCO (AP) - Google Inc. raised the specter of Microsoft Corp. using its proposed $42 billion acquisition of Yahoo Inc. to gain illegal control over the Internet, underscoring the online search leader's queasiness about its two biggest rivals teaming up.
 
First-timers excel in Super Bowl ads
Feb 4 2008 7:10AM (CT)
NEW YORK (AP) - The Super Bowl can be a scary but rewarding place, and not just for the football players. This year several first-time advertisers, including Planters nuts, showed they've got what it takes to compete with marketing powerhouses like Anheuser-Busch Inc.
 
Industry Standard returns, online only
Feb 4 2008 7:08AM (CT)
SAN FRANCISCO (AP) - An icon of the dot-com era is making a comeback of sorts. The Industry Standard launched Monday in a new online-only format, with news and analysis on the Internet economy and a social networking twist.
 
Ryanair shares fall over poor outlook
Feb 4 2008 7:07AM (CT)
DUBLIN, Ireland (AP) - Shares in Ryanair Holdings PLC plummeted Monday after Europe's top no-frills airline reported flat third-quarter profits and warned of tough times ahead because of high fuel costs and fears of a recession.
 
China bank sets aside subprime reserves
Feb 4 2008 6:58AM (CT)
BEIJING (AP) - China's biggest bank, Industrial & Commercial Bank of China Ltd., has set aside reserves equal to 30 percent of its $1.2 billion in subprime holdings to cover possible losses, a state news agency reported Monday.
 
China upholds death for ant fraudster
Feb 4 2008 5:35AM (CT)
BEIJING (AP) - A court in northeastern China upheld a death sentence Monday against a businessman accused of bilking investors in a would-be ant-breeding scheme, state media reported.
 
Asian markets rise on Wall Street's gain
Feb 4 2008 5:29AM (CT)
SHANGHAI, China (AP) - Asian markets rallied Monday as investors were heartened by Wall Street's rebound last week and by reports downplaying the impact of disastrous winter storms on China's broader economy.
 
Asian markets rise on Wall Street's gain
Feb 4 2008 5:29AM (CT)
SHANGHAI, China (AP) - Asian markets rallied Monday as investors were heartened by Wall Street's rebound last week and by reports downplaying the impact of disastrous winter storms on China's broader economy.
 
Asian markets rise on Wall Street's gain
Feb 4 2008 5:29AM (CT)
SHANGHAI, China (AP) - Asian markets rallied Monday as investors were heartened by Wall Street's rebound last week and by reports downplaying the impact of disastrous winter storms on China's broader economy.
 
Profit plunges at Japan's top telecom
Feb 4 2008 5:28AM (CT)
TOKYO (AP) - Nippon Telegraph and Telephone Corp., Japan's top telecommunications company, reported a 21.8 percent drop in profit for the April-December period Monday due to declines in voice and fixed-line operations.
 
Postal agencies respond to mail decline
Feb 4 2008 12:45AM (CT)
NEW YORK (AP) - Marty Sellers used to need about a hundred postage stamps every three months. These days, he can stretch that supply to last a year.
 
Postal agencies respond to mail decline
Feb 4 2008 12:45AM (CT)
NEW YORK (AP) - Marty Sellers used to need about a hundred postage stamps every three months. These days, he can stretch that supply to last a year.
 
Postal agencies respond to mail decline
Feb 4 2008 12:45AM (CT)
NEW YORK (AP) - Marty Sellers used to need about a hundred postage stamps every three months. These days, he can stretch that supply to last a year.
 
Postal agencies respond to mail decline
Feb 4 2008 12:45AM (CT)
NEW YORK (AP) - Marty Sellers used to need about a hundred postage stamps every three months. These days, he can stretch that supply to last a year.
 
Postal agencies respond to mail decline
Feb 4 2008 12:45AM (CT)
NEW YORK (AP) - Marty Sellers used to need about a hundred postage stamps every three months. These days, he can stretch that supply to last a year.
 
Postal agencies respond to mail decline
Feb 4 2008 12:45AM (CT)
NEW YORK (AP) - Marty Sellers used to need about a hundred postage stamps every three months. These days, he can stretch that supply to last a year.
 
Postal agencies respond to mail decline
Feb 4 2008 12:45AM (CT)
NEW YORK (AP) - Marty Sellers used to need about a hundred postage stamps every three months. These days, he can stretch that supply to last a year.
 
Drillers eye huge Appalachian gas field
Feb 4 2008 12:44AM (CT)
STATE COLLEGE, Pa. (AP) - More than a mile beneath an area of Appalachia covering parts of four states lies a mostly untapped reservoir of natural gas that could swell U.S. reserves.
 
Drillers eye huge Appalachian gas field
Feb 4 2008 12:44AM (CT)
STATE COLLEGE, Pa. (AP) - More than a mile beneath an area of Appalachia covering parts of four states lies a mostly untapped reservoir of natural gas that could swell U.S. reserves.
 
Drillers eye huge Appalachian gas field
Feb 4 2008 12:44AM (CT)
STATE COLLEGE, Pa. (AP) - More than a mile beneath an area of Appalachia covering parts of four states lies a mostly untapped reservoir of natural gas that could swell U.S. reserves.
 
Drillers eye huge Appalachian gas field
Feb 4 2008 12:44AM (CT)
STATE COLLEGE, Pa. (AP) - More than a mile beneath an area of Appalachia covering parts of four states lies a mostly untapped reservoir of natural gas that could swell U.S. reserves.
 
Prices, lending spare ND's home market
Feb 4 2008 12:43AM (CT)
BISMARCK, N.D. (AP) - Homeowners in California or Florida may be hurting, but in North Dakota, you can still sell a house for more than you bought it and get a favorable loan, too.
 
   

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