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Kodak snapping off 3,000 more jobs
Feb 8 2007 11:55PM (CT)
NEW YORK (AP) - Eastman Kodak Co. is cutting 3,000 more jobs this year as the picture-taking pioneer wraps up its wrenching transformation into a digital-imaging company focused on consumer photography and commercial printing.
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S. Korea, U.S. can't bridge beef chasm
Feb 8 2007 11:22PM (CT)
SEOUL, South Korea (AP) - The United States and South Korea failed to narrow differences this week over Seoul's rejection of American beef imports for containing banned bone fragments, South Korea said Friday.
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S. Korea, U.S. can't bridge beef chasm
Feb 8 2007 11:22PM (CT)
SEOUL, South Korea (AP) - The United States and South Korea failed to narrow differences this week over Seoul's rejection of American beef imports for containing banned bone fragments, South Korea said Friday.
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S. Korea, U.S. can't bridge beef chasm
Feb 8 2007 11:22PM (CT)
SEOUL, South Korea (AP) - The United States and South Korea failed to narrow differences this week over Seoul's rejection of American beef imports for containing banned bone fragments, South Korea said Friday.
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S. Korea, U.S. can't bridge beef chasm
Feb 8 2007 11:22PM (CT)
SEOUL, South Korea (AP) - The United States and South Korea failed to narrow differences this week over Seoul's rejection of American beef imports for containing banned bone fragments, South Korea said Friday.
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S. Korea, U.S. can't bridge beef chasm
Feb 8 2007 11:22PM (CT)
SEOUL, South Korea (AP) - The United States and South Korea failed to narrow differences this week over Seoul's rejection of American beef imports for containing banned bone fragments, South Korea said Friday.
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Oil prices spike on Iran, cold weather
Feb 8 2007 10:30PM (CT)
SINGAPORE (AP) - Oil prices rose above $60 a barrel Friday as traders followed a $2 leap the day before, stirred by Iran-U.S. tension, violence in Nigeria and frigid U.S. temperatures.
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Machinery orders boost Japanese stocks
Feb 8 2007 10:13PM (CT)
TOKYO (AP) - Japanese stocks edged higher Friday morning on an upbeat forecast for machinery orders that offset worse-than-expected data for December. The dollar was higher against the yen.
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Venezuela moves to nationalize power co.
Feb 8 2007 7:38PM (CT)
CARACAS, Venezuela (AP) - President Hugo Chavez's government moved to nationalize Venezuela's largest private electric company on Thursday, signing an agreement to buy a controlling stake in Electricidad de Caracas from its U.S.-based owner, AES Corp.
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Venezuela moves to nationalize power co.
Feb 8 2007 7:38PM (CT)
CARACAS, Venezuela (AP) - President Hugo Chavez's government moved to nationalize Venezuela's largest private electric company on Thursday, signing an agreement to buy a controlling stake in Electricidad de Caracas from its U.S.-based owner, AES Corp.
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GM's Super Bowl robot ad draws criticism
Feb 8 2007 7:15PM (CT)
DETROIT (AP) - A Super Bowl ad showing a quality-obsessed General Motors Corp. robot jumping off a bridge in a dream sequence after screwing up on the job is drawing criticism from a suicide prevention group.
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GM's Super Bowl robot ad draws criticism
Feb 8 2007 7:15PM (CT)
DETROIT (AP) - A Super Bowl ad showing a quality-obsessed General Motors Corp. robot jumping off a bridge in a dream sequence after screwing up on the job is drawing criticism from a suicide prevention group.
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Thursday's commodities roundup
Feb 8 2007 6:53PM (CT)
NEW YORK (AP) - Gold futures got a boost Thursday on tough talk from Iran, while natural gas jumped on a storage report.
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Murdoch sees fall launch of biz channel
Feb 8 2007 6:44PM (CT)
NEW YORK (AP) - Rupert Murdoch said Thursday that a business news channel his media company News Corp. plans to launch in the fall will be more "business-friendly" than its rival CNBC.
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Disney 1Q earnings rise on DVD sales
Feb 8 2007 6:40PM (CT)
LOS ANGELES (AP) - The Walt Disney Co. delivered a stellar first quarter boosted by DVD sales and one-time gains from asset dispositions, easily beating analyst expectations.
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Disney 1Q earnings rise on DVD sales
Feb 8 2007 6:40PM (CT)
LOS ANGELES (AP) - The Walt Disney Co. delivered a stellar first quarter boosted by DVD sales and one-time gains from asset dispositions, easily beating analyst expectations.
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Disney 1Q earnings rise on DVD sales
Feb 8 2007 6:40PM (CT)
LOS ANGELES (AP) - The Walt Disney Co. delivered a stellar first quarter boosted by DVD sales and one-time gains from asset dispositions, easily beating analyst expectations.
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Disney 1Q earnings rise on DVD sales
Feb 8 2007 6:40PM (CT)
LOS ANGELES (AP) - The Walt Disney Co. delivered a stellar first quarter boosted by DVD sales and one-time gains from asset dispositions, easily beating analyst expectations.
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Long-dated Treasury bonds inch up
Feb 8 2007 6:35PM (CT)
NEW YORK (AP) - A solid long bond auction put a spring in the step of Treasury investors Thursday, and helped push through modest price gains in longer maturities.
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Toll Bros. home building revenue to fall
Feb 8 2007 6:31PM (CT)
PHILADELPHIA (AP) - Toll Brothers Inc., the nation's largest builder of luxury homes, said Thursday that it expected its first-quarter home building revenue to fall by 19 percent, signaling that the housing market is likely to remain feeble in early 2007.
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Toll Bros. home building revenue to fall
Feb 8 2007 6:31PM (CT)
PHILADELPHIA (AP) - Toll Brothers Inc., the nation's largest builder of luxury homes, said Thursday that it expected its first-quarter home building revenue to fall by 19 percent, signaling that the housing market is likely to remain feeble in early 2007.
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Circuit City to close 69 stores
Feb 8 2007 6:27PM (CT)
RICHMOND, Va. (AP) - Circuit City Stores Inc., the nation's No. 2 consumer electronics retailer, said Thursday it plans to close seven domestic Superstores, a Kentucky distribution center and 62 company-owned stores in Canada to cut costs and improve its financial performance.
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Circuit City to close 69 stores
Feb 8 2007 6:27PM (CT)
RICHMOND, Va. (AP) - Circuit City Stores Inc., the nation's No. 2 consumer electronics retailer, said Thursday it plans to close seven domestic Superstores, a Kentucky distribution center and 62 company-owned stores in Canada to cut costs and improve its financial performance.
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Toy makers seek to tout high-grade items
Feb 8 2007 6:22PM (CT)
NEW YORK (AP) - When Spin Master Ltd. started peddling its Air Hogs Zero Gravity vehicle two years ago, retailers doubted whether parents would be willing to pay $59.99 for a radio-controlled toy _ even if it climbed walls. But the item ended up being a hit and was followed by the equally popular $79.99 Storm Launcher.
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Toy makers seek to tout high-grade items
Feb 8 2007 6:22PM (CT)
NEW YORK (AP) - When Spin Master Ltd. started peddling its Air Hogs Zero Gravity vehicle two years ago, retailers doubted whether parents would be willing to pay $59.99 for a radio-controlled toy _ even if it climbed walls. But the item ended up being a hit and was followed by the equally popular $79.99 Storm Launcher.
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Toy makers seek to tout high-grade items
Feb 8 2007 6:22PM (CT)
NEW YORK (AP) - When Spin Master Ltd. started peddling its Air Hogs Zero Gravity vehicle two years ago, retailers doubted whether parents would be willing to pay $59.99 for a radio-controlled toy _ even if it climbed walls. But the item ended up being a hit and was followed by the equally popular $79.99 Storm Launcher.
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Toy makers seek to tout high-grade items
Feb 8 2007 6:22PM (CT)
NEW YORK (AP) - When Spin Master Ltd. started peddling its Air Hogs Zero Gravity vehicle two years ago, retailers doubted whether parents would be willing to pay $59.99 for a radio-controlled toy _ even if it climbed walls. But the item ended up being a hit and was followed by the equally popular $79.99 Storm Launcher.
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Toy makers seek to tout high-grade items
Feb 8 2007 6:22PM (CT)
NEW YORK (AP) - When Spin Master Ltd. started peddling its Air Hogs Zero Gravity vehicle two years ago, retailers doubted whether parents would be willing to pay $59.99 for a radio-controlled toy _ even if it climbed walls. But the item ended up being a hit and was followed by the equally popular $79.99 Storm Launcher.
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Toy makers seek to tout high-grade items
Feb 8 2007 6:22PM (CT)
NEW YORK (AP) - When Spin Master Ltd. started peddling its Air Hogs Zero Gravity vehicle two years ago, retailers doubted whether parents would be willing to pay $59.99 for a radio-controlled toy _ even if it climbed walls. But the item ended up being a hit and was followed by the equally popular $79.99 Storm Launcher.
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Toy makers seek to tout high-grade items
Feb 8 2007 6:22PM (CT)
NEW YORK (AP) - When Spin Master Ltd. started peddling its Air Hogs Zero Gravity vehicle two years ago, retailers doubted whether parents would be willing to pay $59.99 for a radio-controlled toy _ even if it climbed walls. But the item ended up being a hit and was followed by the equally popular $79.99 Storm Launcher.
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Toy makers seek to tout high-grade items
Feb 8 2007 6:22PM (CT)
NEW YORK (AP) - When Spin Master Ltd. started peddling its Air Hogs Zero Gravity vehicle two years ago, retailers doubted whether parents would be willing to pay $59.99 for a radio-controlled toy _ even if it climbed walls. But the item ended up being a hit and was followed by the equally popular $79.99 Storm Launcher.
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Analysts: Harley strike will be short
Feb 8 2007 6:20PM (CT)
MILWAUKEE (AP) - Analysts estimate a strike at Harley-Davidson Inc.'s main assembly plant is costing the motorcycle maker up to $11 million a day in sales, but predict it will be short-lived and have little effect on the company's performance this year.
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Analysts: Harley strike will be short
Feb 8 2007 6:20PM (CT)
MILWAUKEE (AP) - Analysts estimate a strike at Harley-Davidson Inc.'s main assembly plant is costing the motorcycle maker up to $11 million a day in sales, but predict it will be short-lived and have little effect on the company's performance this year.
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Federal Reserve taps Georgetown teacher
Feb 8 2007 5:37PM (CT)
WASHINGTON (AP) - Georgetown University Professor Dennis Lockhart will become president of the Federal Reserve Bank of Atlanta, the regional bank announced Thursday.
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Gateway swings to profit in 4th quarter
Feb 8 2007 5:03PM (CT)
IRVINE, Calif. (AP) - Gateway Inc. said Thursday it moved to a profit in the fourth quarter after a tax benefit pushed the struggling computer maker into the black.
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Aetna 4Q profit up 4 percent
Feb 8 2007 4:53PM (CT)
HARTFORD, Conn. (AP) - Health insurer Aetna Inc. said Thursday its fourth-quarter profit increased 4 percent as growing medical enrollment _ including a push to sell individual policies in addition to more traditional companywide plans _ lifted revenue from health care premiums.
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Aetna 4Q profit up 4 percent
Feb 8 2007 4:53PM (CT)
HARTFORD, Conn. (AP) - Health insurer Aetna Inc. said Thursday its fourth-quarter profit increased 4 percent as growing medical enrollment _ including a push to sell individual policies in addition to more traditional companywide plans _ lifted revenue from health care premiums.
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Napster narrows 3Q loss
Feb 8 2007 4:38PM (CT)
LOS ANGELES (AP) - Napster Inc. said Thursday it narrowed a loss in its fiscal third quarter as the online music retailer added subscribers and generated record revenue.
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Napster narrows 3Q loss
Feb 8 2007 4:38PM (CT)
LOS ANGELES (AP) - Napster Inc. said Thursday it narrowed a loss in its fiscal third quarter as the online music retailer added subscribers and generated record revenue.
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Jan. retail sales better than expected
Feb 8 2007 4:12PM (CT)
NEW YORK (AP) - The nation's retailers finally got their sales boost in January, as shoppers redeeming holiday gift cards and enticed by the belated arrival of frigid weather splurged on winter leftovers. Now stores are pondering how spring merchandise _ from baby doll dresses to lightweight cashmere tops _ will fare.
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Jan. retail sales better than expected
Feb 8 2007 4:12PM (CT)
NEW YORK (AP) - The nation's retailers finally got their sales boost in January, as shoppers redeeming holiday gift cards and enticed by the belated arrival of frigid weather splurged on winter leftovers. Now stores are pondering how spring merchandise _ from baby doll dresses to lightweight cashmere tops _ will fare.
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US Airways CEO: Won't pursue Northwest
Feb 8 2007 2:33PM (CT)
PHOENIX (AP) - US Airways Chief Executive Doug Parker said Thursday he won't make a bid for Northwest Airlines Corp. unless he hears that another carrier is interested in doing so.
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30-year mortgage rates fall slightly
Feb 8 2007 2:13PM (CT)
WASHINGTON (AP) - Rates on 30-year mortgages fell for the first time since early December as lower-than-expected job growth eased worries in financial markets about inflation.
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Northrop to bid on $40B Air Force deal
Feb 8 2007 11:21AM (CT)
WASHINGTON (AP) - Northrop Grumman Corp. on Thursday said it will bid on a $40 billion Air Force contract to replace 179 refueling planes, expressing satisfaction that the service adressed concerns it had raised.
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Waste Management 4Q profit falls
Feb 8 2007 10:11AM (CT)
HOUSTON (AP) - Waste Management Inc., the nation's largest garbage hauler, said Thursday its fourth-quarter earnings fell 15 percent from a year ago, when the company had heavy business from hurricane cleanups and one extra work day.
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PepsiCo 4Q profit climbs
Feb 8 2007 10:06AM (CT)
NEW YORK (AP) - PepsiCo Inc., the snack and beverage maker, said Thursday that its fourth-quarter profit climbed 61 percent led by strong performances from its international and Frito-Lay divisions.
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PepsiCo 4Q profit climbs
Feb 8 2007 10:06AM (CT)
NEW YORK (AP) - PepsiCo Inc., the snack and beverage maker, said Thursday that its fourth-quarter profit climbed 61 percent led by strong performances from its international and Frito-Lay divisions.
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Cisco router executive resigns
Feb 8 2007 9:45AM (CT)
SAN FRANCISCO (AP) - Two days after reporting another knockout fiscal quarter, Cisco Systems Inc. said Thursday that Mike Volpi, the senior vice president and general manager in charge of the routing and service provider technology group, has resigned from the company.
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Cisco router executive resigns
Feb 8 2007 9:45AM (CT)
SAN FRANCISCO (AP) - Two days after reporting another knockout fiscal quarter, Cisco Systems Inc. said Thursday that Mike Volpi, the senior vice president and general manager in charge of the routing and service provider technology group, has resigned from the company.
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European bank holds rates steady
Feb 8 2007 9:22AM (CT)
FRANKFURT, Germany (AP) - The European Central Bank held its key interest rate steady at 3.5 percent on Thursday but set the stage for an increase next month.
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Marriott's 4Q profit falls
Feb 8 2007 9:17AM (CT)
WASHINGTON (AP) - Hotel chain operator Marriott International Inc. said Thursday its fourth-quarter profit fell 7 percent due to lower contributions from its synthetic fuel business.
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Qwest swings to profit in 4Q
Feb 8 2007 9:17AM (CT)
DENVER (AP) - Telecom and Internet data service provider Qwest Communications International Inc. said Thursday it swung to a fourth-quarter profit, helped by an increase in the number of subscribers to its high-speed services.
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Satyam launches China development center
Feb 8 2007 6:07AM (CT)
SHANGHAI, China (AP) - Satyam Computer Services Ltd., India's fourth-largest software company, on Thursday began construction of a major development center, its largest outside India and first campus-style facility in China.
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Reports: China OKs 5 new mutual funds
Feb 8 2007 5:43AM (CT)
SHANGHAI, China (AP) - China's securities watchdog has given the go-ahead for five new mutual funds after a two-month hiatus in approvals, spurring a rally as jittery investors returned after a week of losses.
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Mazda reports jump in quarterly profit
Feb 8 2007 5:08AM (CT)
TOKYO (AP) - Mazda, one of the few bright spots lately in the Ford family of automakers, reported a 46 percent jump in profit for the latest quarter on Thursday as Japan's fifth-largest automaker heads toward a record profit for the sixth straight year.
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Lawmakers announce new citrus farm bills
Feb 8 2007 4:23AM (CT)
FRESNO, Calif. (AP) - Lawmakers announced bills to provide more than $1.2 billion in grants, low-interest loans and assistance to growers and workers affected by a recent crop freeze, last year's heat wave and flooding.
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Qantas reports 1.7 pct. rise in profit
Feb 8 2007 2:44AM (CT)
SYDNEY, Australia (AP) - Qantas Airways Ltd. raised its profit forecast for the second time since December on Thursday after reporting a 1.7 percent rise in net profit for the first half of its financial year.
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Satyam launches China development center
Feb 8 2007 2:34AM (CT)
SHANGHAI, China (AP) - Satyam Computer Services Ltd., India's fourth-largest software company, on Thursday began construction of a major development center, its largest outside India and first in China.
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Prudential more than doubles 4Q profit
Feb 8 2007 1:02AM (CT)
NEWARK, N.J. (AP) - Prudential Financial Inc. raised its 2007 earnings guidance once again after the life insurance and investment giant reported that profit more than doubled in the fourth quarter, led by a turnaround in its investment division.
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EDS shares rise 4.1 percent
Feb 8 2007 12:52AM (CT)
PLANO, Texas (AP) - Electronic Data Systems Corp. capped its most profitable year since 2002 and predicted a better 2007 than Wall Street was forecasting, sending the strongest signals yet that the computer-services company's long turnaround is gaining traction.
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EDS shares rise 4.1 percent
Feb 8 2007 12:52AM (CT)
PLANO, Texas (AP) - Electronic Data Systems Corp. capped its most profitable year since 2002 and predicted a better 2007 than Wall Street was forecasting, sending the strongest signals yet that the computer-services company's long turnaround is gaining traction.
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EDS shares rise 4.1 percent
Feb 8 2007 12:52AM (CT)
PLANO, Texas (AP) - Electronic Data Systems Corp. capped its most profitable year since 2002 and predicted a better 2007 than Wall Street was forecasting, sending the strongest signals yet that the computer-services company's long turnaround is gaining traction.
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Mobile ESPN to relaunch through Verizon
Feb 8 2007 12:31AM (CT)
NEW YORK (AP) - ESPN is relaunching its shuttered cell phone service through Verizon Wireless, this time delivering its flashy feed of sports scores, news and video highlights through a top industry player instead of competing for subscribers with its own full-blown wireless brand.
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