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3 companies indicted in pet food case
Feb 6 2008 10:03PM (CT)
KANSAS CITY, Mo. (AP) - Two Chinese businesses and a U.S. company were indicted Wednesday in the tainted pet food incidents that killed potentially thousands of animals last year and raised worries about products made in China.
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3 companies indicted in pet food case
Feb 6 2008 10:03PM (CT)
KANSAS CITY, Mo. (AP) - Two Chinese businesses and a U.S. company were indicted Wednesday in the tainted pet food incidents that killed potentially thousands of animals last year and raised worries about products made in China.
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Delta, Northwest inching closer to deal
Feb 6 2008 8:03PM (CT)
ATLANTA (AP) - Delta Air Lines and Northwest Airlines are inching closer to a combination that would create the nation's largest carrier, and if a deal is reached it could be announced next week, a person briefed on the discussions told The Associated Press on Wednesday.
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Macy's to cut about 2,300 jobs
Feb 6 2008 7:31PM (CT)
CINCINNATI (AP) - Macy's Inc. said Wednesday it will cut about 2,300 management jobs as the department store operator consolidates three regional divisions and decentralizes buying in a bid to reduce costs and boost sales.
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Rio Tinto rejects BHP Billiton's bid
Feb 6 2008 6:06PM (CT)
SYDNEY, Australia (AP) - Rio Tinto rejected a sweetened formal offer from mining rival BHP Billiton on Wednesday, saying the all-share offer worth $147.4 billion still did not reflect the value of the company and its prospects for expansion.
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Treasurys drop on productivity data
Feb 6 2008 5:38PM (CT)
NEW YORK (AP) - Treasury prices fell Wednesday after a report showed workers producing at a stronger-than-forecast pace and labor costs in check at the end of 2007.
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Treasurys drop on productivity data
Feb 6 2008 5:38PM (CT)
NEW YORK (AP) - Treasury prices fell Wednesday after a report showed workers producing at a stronger-than-forecast pace and labor costs in check at the end of 2007.
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MBIA offering $750 million in stock
Feb 6 2008 5:35PM (CT)
NEW YORK (AP) - Bond insurer MBIA Inc. said Wednesday it plans to sell $750 million in common stock as it tries to maintain its crucial "AAA" financial strength rating.
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Toll Brothers 1Q revenue slips 22 pct
Feb 6 2008 5:18PM (CT)
PHILADELPHIA (AP) - Over a year ago, the chief executive of luxury-home builder Toll Brothers Inc. thought the housing slump could be touching close to the bottom.
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Toll Brothers 1Q revenue slips 22 pct
Feb 6 2008 5:18PM (CT)
PHILADELPHIA (AP) - Over a year ago, the chief executive of luxury-home builder Toll Brothers Inc. thought the housing slump could be touching close to the bottom.
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Cigna 4Q profit up 13 percent
Feb 6 2008 4:35PM (CT)
PHILADELPHIA (AP) - Health insurer Cigna Corp. on Wednesday said fourth-quarter profit rose 13 percent as double-digit gains in overseas business as well as group disability and life helped to offset a slight decline in health care earnings.
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Wheat hits record on supply concerns
Feb 6 2008 4:22PM (CT)
NEW YORK (AP) - Wheat futures reached a new record high Wednesday as investors bet that tightening U.S. supplies and poor harvests around the globe will push grain prices higher _ worsening food inflation.
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California, Florida weigh on McClatchy
Feb 6 2008 4:21PM (CT)
NEW YORK (AP) - McClatchy Co. swung to a fourth-quarter profit from a loss a year ago, but the newspaper publisher continued to be buffeted by a severe housing slump in California and Florida.
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California, Florida weigh on McClatchy
Feb 6 2008 4:21PM (CT)
NEW YORK (AP) - McClatchy Co. swung to a fourth-quarter profit from a loss a year ago, but the newspaper publisher continued to be buffeted by a severe housing slump in California and Florida.
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Time Warner will split AOL
Feb 6 2008 4:17PM (CT)
NEW YORK (AP) - Time Warner Inc.'s new CEO Jeff Bewkes laid out his vision for changes at the media conglomerate Wednesday, including dividing AOL's online access and advertising businesses and possibly spinning off the rest of the company's cable division.
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Biogen Idec profit beats expectations
Feb 6 2008 4:06PM (CT)
BOSTON (AP) - After Biogen Idec Inc. reported a sharp increase in its fourth-quarter profit, the biotechnology company's top executive said he remains wary of spending more time searching for a big pharmaceutical firm willing to buy his company.
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Biogen Idec profit beats expectations
Feb 6 2008 4:06PM (CT)
BOSTON (AP) - After Biogen Idec Inc. reported a sharp increase in its fourth-quarter profit, the biotechnology company's top executive said he remains wary of spending more time searching for a big pharmaceutical firm willing to buy his company.
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Biogen Idec profit beats expectations
Feb 6 2008 4:06PM (CT)
BOSTON (AP) - After Biogen Idec Inc. reported a sharp increase in its fourth-quarter profit, the biotechnology company's top executive said he remains wary of spending more time searching for a big pharmaceutical firm willing to buy his company.
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Biogen Idec profit beats expectations
Feb 6 2008 4:06PM (CT)
BOSTON (AP) - After Biogen Idec Inc. reported a sharp increase in its fourth-quarter profit, the biotechnology company's top executive said he remains wary of spending more time searching for a big pharmaceutical firm willing to buy his company.
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Oil prices drop on sharp jump in supply
Feb 6 2008 3:38PM (CT)
NEW YORK (AP) - Oil futures dropped Wednesday after the government reported unexpectedly large jumps in supplies of crude oil and gasoline and a surprise increase in stocks of heating oil.
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Toll Brothers revenue slips again
Feb 6 2008 10:20AM (CT)
HORSHAM, Pa. (AP) - Toll Brothers Inc. said Wednesday that revenues are expected to slide 22 percent during the first quarter, and the luxury-home builder is not "seeing much light at the end of the tunnel."
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Overseas sales help Sara Lee post profit
Feb 6 2008 9:42AM (CT)
CHICAGO (AP) - Food maker Sara Lee Corp. said Wednesday it swung to a second-quarter profit, boosted by strong international beverage and bakery sales.
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Overseas sales help Sara Lee post profit
Feb 6 2008 9:42AM (CT)
CHICAGO (AP) - Food maker Sara Lee Corp. said Wednesday it swung to a second-quarter profit, boosted by strong international beverage and bakery sales.
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Warner Music Group falls to 1Q loss
Feb 6 2008 7:40AM (CT)
NEW YORK (AP) - Warner Music Group Corp., whose artists include Led Zeppelin and Josh Groban, posted a first-quarter loss Wednesday, hurt by higher expenses and an impairment charge.
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Thermo Fisher 4Q profit jumps on deal
Feb 6 2008 7:22AM (CT)
BOSTON (AP) - Thermo Fisher Scientific Inc. on Wednesday reported its fourth-quarter profit soared, a result that was boosted by a November 2006 acquisition that more than doubled the size of the maker of scientific instruments and laboratory supplies.
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Thermo Fisher 4Q profit jumps on deal
Feb 6 2008 7:22AM (CT)
BOSTON (AP) - Thermo Fisher Scientific Inc. on Wednesday reported its fourth-quarter profit soared, a result that was boosted by a November 2006 acquisition that more than doubled the size of the maker of scientific instruments and laboratory supplies.
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Asia falls, Europe shrugs on Dow plunge
Feb 6 2008 7:17AM (CT)
LONDON (AP) - European stocks shrugged off sharp drops in Asian markets Wednesday after a tumble on Wall Street fanned investor fears that a U.S. recession would sap demand for Asian exports.
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Asia falls, Europe shrugs on Dow plunge
Feb 6 2008 7:17AM (CT)
LONDON (AP) - European stocks shrugged off sharp drops in Asian markets Wednesday after a tumble on Wall Street fanned investor fears that a U.S. recession would sap demand for Asian exports.
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Asia falls, Europe shrugs on Dow plunge
Feb 6 2008 7:17AM (CT)
LONDON (AP) - European stocks shrugged off sharp drops in Asian markets Wednesday after a tumble on Wall Street fanned investor fears that a U.S. recession would sap demand for Asian exports.
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Asia falls, Europe shrugs on Dow plunge
Feb 6 2008 7:17AM (CT)
LONDON (AP) - European stocks shrugged off sharp drops in Asian markets Wednesday after a tumble on Wall Street fanned investor fears that a U.S. recession would sap demand for Asian exports.
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Texas farmers take water war to Canada
Feb 6 2008 4:38AM (CT)
WESLACO, Texas (AP) - More than 40 Texas farmers, ranchers and irrigation districts are gearing up to take their long-standing water war with Mexico to the next level, which in this case is a Canadian judge.
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Texas farmers take water war to Canada
Feb 6 2008 4:38AM (CT)
WESLACO, Texas (AP) - More than 40 Texas farmers, ranchers and irrigation districts are gearing up to take their long-standing water war with Mexico to the next level, which in this case is a Canadian judge.
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Mazda 3Q profit jumps 7 percent
Feb 6 2008 4:19AM (CT)
TOKYO (AP) - Mazda's profit jumped 7 percent in the October-December quarter as sales grew on the popularity of a remodeled compact and other vehicles in almost all regions, the Japanese automaker said Wednesday.
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Bubble Trouble: Are Treasurys overbid?
Feb 6 2008 4:17AM (CT)
NEW YORK (AP) - Investors' raging demand for safe assets over the past six months may have created a bubble in the Treasury market _ and some onlookers expect to hear a bursting sound any minute now.
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AP IMPACT: FDA faults drug plants
Feb 6 2008 4:16AM (CT)
SAN JUAN, Puerto Rico (AP) - The first warning sign came when a sharp-eyed worker sorting pills noticed that the odd blue flecks dotting the finished drug capsules matched the paint on the factory doors.
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AP IMPACT: FDA faults drug plants
Feb 6 2008 4:16AM (CT)
SAN JUAN, Puerto Rico (AP) - The first warning sign came when a sharp-eyed worker sorting pills noticed that the odd blue flecks dotting the finished drug capsules matched the paint on the factory doors.
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2007 airline delays 2nd worst ever
Feb 6 2008 4:16AM (CT)
WASHINGTON (AP) - A quarter of domestic flights failed to arrive on time in 2007 _ the industry's second poorest performance on record _ and analysts say it is likely to get worse.
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2007 airline delays 2nd worst ever
Feb 6 2008 4:16AM (CT)
WASHINGTON (AP) - A quarter of domestic flights failed to arrive on time in 2007 _ the industry's second poorest performance on record _ and analysts say it is likely to get worse.
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U.S. service sector slows down
Feb 6 2008 4:15AM (CT)
NEW YORK (AP) - Lingering hopes that the U.S. economy might avert a recession withered Tuesday after the nation's service sector _ its banks, travel companies, contractors and stores, among others _ shrank for the first time in five years.
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Disney profit down after 2006 sale gains
Feb 6 2008 4:13AM (CT)
LOS ANGELES (AP) - The company that Mickey built owes much of its recent success to its slew of cable and television brands, including ESPN and its "High School Musical" and "Hanna Montana" franchises.
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Mazda 3Q profit jumps 7 percent
Feb 6 2008 4:08AM (CT)
TOKYO (AP) - Mazda's profit jumped 7 percent in the October-December quarter as sales grew on the popularity of a remodeled compact and other vehicles in almost all regions, the Japanese automaker said Wednesday.
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Mazda 3Q profit jumps 7 percent
Feb 6 2008 4:08AM (CT)
TOKYO (AP) - Mazda's profit jumped 7 percent in the October-December quarter as sales grew on the popularity of a remodeled compact and other vehicles in almost all regions, the Japanese automaker said Wednesday.
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