Latest Business News
Economic Figures
Dollar & Gold News
Board of Trade News
Personal Finance
|
|
|
|
|
|
Romance novels star (your name here)
Feb 9 2007 11:42PM (CT)
PORTLAND, Ore. (AP) - This Valentine's Day, one publisher wants you to be the one doing the bodice-ripping. Book By You says it sells thousands of personalized romance novels each year with titles such as "ER Fever" and "Pirates of Desire," where the reader is the star. It's not Bronte, but customers are going crazy for the novels that make them the main characters.
|
|
|
Comair delays pilots' concessions
Feb 9 2007 11:12PM (CT)
CINCINNATI (AP) - Comair delayed its plan to implement wage cuts and other concessions on its pilots Friday after receiving a new contract proposal from the pilots' union, a spokeswoman for the regional airline said.
|
|
|
US Airways CEO booked on DUI charge
Feb 9 2007 9:38PM (CT)
PHOENIX (AP) - US Airways chief executive Doug Parker was arrested on a drunken driving charge just hours after his airline's $9.8 billion bid for Delta Air Lines was rejected last week, Scottsdale police said Friday.
|
|
|
US Airways CEO booked on DUI charge
Feb 9 2007 9:38PM (CT)
PHOENIX (AP) - US Airways chief executive Doug Parker was arrested on a drunken driving charge just hours after his airline's $9.8 billion bid for Delta Air Lines was rejected last week, Scottsdale police said Friday.
|
|
|
US Airways CEO booked on DUI charge
Feb 9 2007 9:10PM (CT)
PHOENIX (AP) - US Airways Chief Executive Doug Parker was arrested on suspicion of drunken driving just hours after his airline's $9.8 billion bid for Delta Air Lines was rejected last week, Scottsdale police confirmed Friday.
|
|
|
Is this year to burst CEO pay balloon?
Feb 9 2007 7:31PM (CT)
NEW YORK (AP) - Will Robert Nardelli and Henry A. McKinnell do for executive pay what Enron Corp. did for corporate governance? Just as Enron Corp.'s meltdown led to tougher corporate governance regulations, the eye-popping packages those executives received when they exited CEO jobs at Home Depot and Pfizer have caused everyone from President Bush to professional compensation consultants to suggest runaway pay needs to be reined in.
|
|
|
Is this year to burst CEO pay balloon?
Feb 9 2007 7:31PM (CT)
NEW YORK (AP) - Will Robert Nardelli and Henry A. McKinnell do for executive pay what Enron Corp. did for corporate governance? Just as Enron Corp.'s meltdown led to tougher corporate governance regulations, the eye-popping packages those executives received when they exited CEO jobs at Home Depot and Pfizer have caused everyone from President Bush to professional compensation consultants to suggest runaway pay needs to be reined in.
|
|
|
Hasbro 4Q profit climbs 15 percent
Feb 9 2007 6:49PM (CT)
PROVIDENCE, R.I. (AP) - Hasbro Inc., the nation's second-largest toy maker, said Friday its fourth-quarter profit climbed 15 percent on growth in core brands such as Playskool, Monopoly, and Littlest Pet Shop.
|
|
|
Alcatel-Lucent cuts jobs, posts 4Q loss
Feb 9 2007 6:48PM (CT)
PARIS (AP) - Alcatel-Lucent SA said Friday it plans to cut another 3,500 jobs after it swung to a loss in the fourth quarter _ the first earnings report from the recently combined telecom equipment maker.
|
|
|
Oil prices briefly top $60 a barrel
Feb 9 2007 6:47PM (CT)
NEW YORK (AP) - Oil prices climbed briefly above $60 a barrel Friday for the first time since the first trading day of the year, as the unrelenting chill throughout the United States led traders to believe that heating fuel demand won't be letting up anytime soon.
|
|
|
Hedge fund Fortress doubles in debut
Feb 9 2007 6:46PM (CT)
NEW YORK (AP) - Shares of Fortress Investment Group, the first publicly traded U.S. hedge fund, soared Friday in a trading debut sure to catch the attention of many players in the $1.3 trillion hedge-fund industry.
|
|
|
MasterCard 4Q earnings beat expectations
Feb 9 2007 6:45PM (CT)
NEW YORK (AP) - MasterCard Inc. said Friday its fourth-quarter profit topped Wall Street expectations as consumer spending spiked, but the credit-card company warned margin growth may slow this year. The stock tumbled nearly 10 percent after hitting an all-time high in early trading.
|
|
|
Lear accepts bid from Icahn affiliate
Feb 9 2007 6:43PM (CT)
DETROIT (AP) - Auto parts supplier Lear Corp. said Friday that it has agreed to a buyout offer by a group affiliated with billionaire investor activist Carl Icahn for about $2.8 billion, but left the door open for a better offer.
|
|
|
Head of Cartoon Network resigns
Feb 9 2007 3:08PM (CT)
ATLANTA (AP) - The head of the Cartoon Network resigned Friday following a marketing stunt that caused a security scare in Boston.
|
|
|
Oil companies discuss energy challenges
Feb 9 2007 1:22PM (CT)
HOUSTON (AP) - With dwindling oil supplies, pollution concerns and the ever-present threat of gas prices soaring again, talk of new and better ways to fuel our cars, heat and cool our homes, and power our factories has never been greater. What's more, the conversation is emanating increasingly from a source that's been surprisingly quiet until recently _ the oil companies themselves.
|
|
|
Bies to leave Federal Reserve
Feb 9 2007 12:47PM (CT)
WASHINGTON (AP) - Susan Bies, who has been a governor at the Federal Reserve since 2001, announced Friday that she will leave at the end of March, giving President Bush a fresh opportunity to put his stamp on the central bank.
|
|
|
Bies to leave Federal Reserve
Feb 9 2007 12:47PM (CT)
WASHINGTON (AP) - Susan Bies, who has been a governor at the Federal Reserve since 2001, announced Friday that she will leave at the end of March, giving President Bush a fresh opportunity to put his stamp on the central bank.
|
|
|
Weyerhaeuser swings to a 4Q profit
Feb 9 2007 12:06PM (CT)
FEDERAL WAY, Wash.- (AP) - Forest products maker Weyerhaeuser Co. said Friday it swung to a profit in the fourth quarter from a year-ago loss, although lower domestic log prices still weighed on results.
|
|
|
FirstGroup to buy Laidlaw International
Feb 9 2007 10:33AM (CT)
LONDON (AP) - Britain's FirstGroup PLC is buying Greyhound bus operator Laidlaw International, which is also North America's largest school bus operator, for about $2.8 billion.
|
|
|
Chevron said interested in Yukos assets
Feb 9 2007 8:17AM (CT)
MOSCOW (AP) - Chevron Corp. has expressed interest in acquiring assets of OAO Yukos, a bankruptcy official said Friday, raising the prospect of a U.S. company participating in the liquidation of a business whose downfall rattled investor confidence in Russia.
|
|
|
Nichiro announces massive tuna recall
Feb 9 2007 8:08AM (CT)
TOKYO (AP) - A Japanese food company recalled nearly 5 million cans of tuna Friday after a customer found part of a box cutter blade in a can, a company official said.
|
|
|
Alcatel-Lucent plans to cut 12,500 jobs
Feb 9 2007 7:51AM (CT)
PARIS (AP) - Telecommunications equipment maker Alcatel-Lucent said Friday it swung to a loss in the fourth quarter and increased by 3,500 the number of jobs it plans to cut.
|
|
|
Consumer confidence hits 2 1/2-year high
Feb 9 2007 7:44AM (CT)
WASHINGTON (AP) - Consumer confidence climbed to a 2 1/2-year high with people feeling even better about job prospects, the current economic climate and investment opportunities.
|
|
|
Consumer confidence hits 2 1/2-year high
Feb 9 2007 7:44AM (CT)
WASHINGTON (AP) - Consumer confidence climbed to a 2 1/2-year high with people feeling even better about job prospects, the current economic climate and investment opportunities.
|
|
|
Machinery orders boost Japanese stocks
Feb 9 2007 5:21AM (CT)
TOKYO (AP) - Japanese stocks rose Friday, led by electronics and banking stocks, helped an upbeat forecast for machinery orders and the yen's continued weakness.
|
|
|
India's air force may buy Boeing copters
Feb 9 2007 5:01AM (CT)
NEW DELHI (AP) - Boeing Co. is negotiating the sale of 12 Chinook CH-47 military transport helicopters to India's air force, a senior company official said Friday.
|
|
|
Brewpubs seek to make distilled spirits
Feb 9 2007 4:27AM (CT)
LINCOLN, Neb. (AP) - Zach Triemert wants to bring what he learned in Scotland to Nebraska, and it isn't how to play bagpipes. "We hope to use Nebraska grains and fruits to make world-class spirits," Triemert, who earned a master's degree in brewing and distilling while in Scotland, told a legislative committee recently. "It will bring another source of recognition and pride to our state."
|
|
|
U.S., Malaysia trade talks deadlocked
Feb 9 2007 4:24AM (CT)
KUALA LUMPUR, Malaysia (AP) - Free trade talks between Malaysia and the U.S. appeared to have hit a deadlock Friday as Malaysia refused to budge on its procurement policy that favors ethnic Malay-owned companies and other sensitive issues.
|
|
|
Dollar higher against the yen in Asia
Feb 9 2007 3:40AM (CT)
TOKYO (AP) - The dollar rose against the yen in Asia Friday on the view that the Group of Seven financial heads meeting this weekend are unlikely to make any strong commitment to shore up the yen's recent weakness.
|
|
|
China launches review of drug industry
Feb 9 2007 3:39AM (CT)
BEIJING (AP) - China has launched a sweeping review of its drug industry as it investigates a former regulator accused of taking bribes to approve shoddy drugs blamed in a string of deaths, state media said Friday.
|
|
|
Golden parachute cradles Harrah's CEO
Feb 9 2007 12:43AM (CT)
LAS VEGAS (AP) - Gary Loveman, the chief executive of casino giant Harrah's Entertainment Inc., will receive about $94 million in stock options and other rights if the world's largest casino buyout deal is consummated, according to documents filed with the Securities and Exchange Commission.
|
|
|
Toll Bros. home building revenue to fall
Feb 9 2007 12:07AM (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.
|
|
|
Toll Bros. home building revenue to fall
Feb 9 2007 12:07AM (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.
|
|
|
Circuit City to close 69 stores
Feb 9 2007 12:06AM (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.
|
|
|
Circuit City to close 69 stores
Feb 9 2007 12:06AM (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.
|
|
|
Analysts: Harley strike will be short
Feb 9 2007 12:05AM (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.
|
|
|
Analysts: Harley strike will be short
Feb 9 2007 12:05AM (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.
|
|
|
Toy makers seek to tout high-grade items
Feb 9 2007 12:04AM (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.
|
|
|
Toy makers seek to tout high-grade items
Feb 9 2007 12:04AM (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.
|
|
|
Toy makers seek to tout high-grade items
Feb 9 2007 12:04AM (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.
|
|
|
Toy makers seek to tout high-grade items
Feb 9 2007 12:04AM (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.
|
|
|
Toy makers seek to tout high-grade items
Feb 9 2007 12:04AM (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.
|
|
|
Toy makers seek to tout high-grade items
Feb 9 2007 12:04AM (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.
|
|
|
Toy makers seek to tout high-grade items
Feb 9 2007 12:04AM (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.
|
|
|
Toy makers seek to tout high-grade items
Feb 9 2007 12:04AM (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.
|
|
|
Jan. retail sales better than expected
Feb 9 2007 12:00AM (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.
|
|
|
|
|
|