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J&J discloses possible improper payments
Feb 12 2007 11:57PM (CT)
NEW BRUNSWICK N.J. (AP) - Some Johnson & Johnson subsidiaries outside the U.S. may have made improper payments in connection with the sale of medical devices in two small-market countries, the company said Monday.
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Oil prices edge higher in Asian trading
Feb 12 2007 10:25PM (CT)
SINGAPORE (AP) - Oil prices rose slightly in morning trading Tuesday as traders assessed a steep plunge the day before and looked ahead to a U.S. energy report expected to show drops in heating oil and other distillate inventories.
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La. Katrina insurance suit begins
Feb 12 2007 9:35PM (CT)
NEW ORLEANS (AP) - A homeowner who claims Allstate Indemnity Co. failed to properly or promptly pay his damage claim after Hurricane Katrina took the witness stand in federal court Monday, kicking off testimony in the first trial for one of the several thousand such Louisiana lawsuits.
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Home Depot considers sale of HD Supply
Feb 12 2007 8:29PM (CT)
ATLANTA (AP) - The Home Depot Inc., the world's largest home improvement store chain, distanced itself further from the strategies advanced by former Chief Executive Bob Nardelli as it said Monday it will consider shedding its division serving contractors, homebuilders and other business customers. Its shares rose on the news.
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Japanese stocks edge higher; Dollar down
Feb 12 2007 8:25PM (CT)
TOKYO (AP) - Japanese stocks rose slightly in early trade Tuesday in the absence of market-moving news after a long weekend. The dollar was down against the yen.
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Yum Brands 4Q earnings grow 3 percent
Feb 12 2007 8:05PM (CT)
LOUISVILLE, Ky. (AP) - Fast-food giant Yum Brands Inc. said Monday that fourth-quarter profits grew 3 percent as strong international sales offset a sagging performance by Taco Bell amid an E. coli outbreak that sickened several dozen customers at some of its East Coast restaurants.
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Rift between Coke, some bottlers eases
Feb 12 2007 6:45PM (CT)
ATLANTA (AP) - A rift between The Coca-Cola Co. and some bottlers has been eased as the world's largest beverage maker announced Monday that several suits over its plan to distribute Powerade to Wal-Mart stores directly through the retailer's warehouses were being dropped. Coca-Cola also said it will work with the bottlers "to develop and test new customer service and distribution systems."
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Four Seasons to go private in $3.4B deal
Feb 12 2007 6:41PM (CT)
TORONTO (AP) - Luxury hotel operator Four Seasons Hotels Inc. said Monday it agreed to accept a $3.37 billion going-private offer from its chief executive and firms owned by Bill Gates and a Saudi prince.
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Bush pitches free-trade policies
Feb 12 2007 6:40PM (CT)
WASHINGTON (AP) - Free-trade policies that make it easier for U.S. companies to sell their products are important to the economy's vitality, President Bush said Monday as he projected a year of good _ though somewhat slower _ economic growth.
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Advisers urge against Caremark-CVS deal
Feb 12 2007 6:39PM (CT)
NASHVILLE, Tenn. (AP) - Two more investment advisory firms recommended Monday that Caremark shareholders reject a buyout offer from the drugstore operator CVS Corp. when it comes up for a vote next week. CtW Investment Group and Institutional Shareholder Services joined two other advisers who say Caremark's board and managers have not tried to get the best deal for shareholders.
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Boeing unveils modified 767 aircraft
Feb 12 2007 6:34PM (CT)
WASHINGTON (AP) - Boeing Co. on Monday announced a newly designed KC-767 as its proposed aircraft for a $40 billion Air Force contract competition to replace 179 refueling planes. The Chicago-based company said at a press conference that it tweaked the design of its long-range 767 freighter plane to improve fuel efficiency and allow it to take off and land on shorter runways, giving it greater flexibility in combat situations.
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Pinnacle Foods agrees to $1.3B buyout
Feb 12 2007 5:57PM (CT)
MOUNTAIN LAKES, N.J. (AP) - Pinnacle Foods Group Inc., the privately held owner of Duncan Hines baking mixes, Hungry Man and Swanson frozen dinners and Vlasic pickles, has agreed to be acquired by a group led by the buyout specialist Blackstone Group for about $1.3 billion in cash.
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Russia, Qatar to mull natural gas cartel
Feb 12 2007 5:14PM (CT)
RIYADH, Saudi Arabia (AP) - Russian President Vladimir Putin appeared to find quick success on a historic Mideast tour that saw the leader of energy-rich Russia forging oil diplomacy in Saudi Arabia and backing a natural gas cartel Monday with neighboring Qatar.
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Russia, Qatar to mull natural gas cartel
Feb 12 2007 5:14PM (CT)
RIYADH, Saudi Arabia (AP) - Russian President Vladimir Putin appeared to find quick success on a historic Mideast tour that saw the leader of energy-rich Russia forging oil diplomacy in Saudi Arabia and backing a natural gas cartel Monday with neighboring Qatar.
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Federal deficit drops as revenue rises
Feb 12 2007 3:29PM (CT)
WASHINGTON (AP) - The deficit for the first four months of the current budget year is down sharply from the same period a year ago as the government continues to benefit from record levels of tax collections.
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Bristol falls, Sanofi rises on report
Feb 12 2007 12:49PM (CT)
PARIS (AP) - Shares of Bristol-Myers Squibb tumbled Monday while Sanofi Aventis stock edged up after a report that the French drugmaker had called off talks on a possible combination with the U.S.-based company.
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Russia, Qatar to mull natural gas cartel
Feb 12 2007 12:19PM (CT)
DOHA, Qatar (AP) - Leaders of natural gas-rich Russia and Qatar said Monday they would explore the creation of a natural gas cartel to represent the interests of producer countries to influence the global market.
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Russia, Qatar to mull natural gas cartel
Feb 12 2007 12:19PM (CT)
DOHA, Qatar (AP) - Leaders of natural gas-rich Russia and Qatar said Monday they would explore the creation of a natural gas cartel to represent the interests of producer countries to influence the global market.
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Study: Napping might help heart
Feb 12 2007 11:52AM (CT)
CHICAGO (AP) - New research on napping provides the perfect excuse for office slackers, finding that a little midday snooze seems to reduce risks for fatal heart problems, especially among men.
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China trade surplus up 67 pct in Jan.
Feb 12 2007 9:56AM (CT)
BEIJING (AP) - China's surging trade surplus jumped 67 percent in January from the same month last year to $15.88 billion, the General Administration of Customs said Monday.
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Texans rally against new coal plants
Feb 12 2007 6:16AM (CT)
AUSTIN, Texas (AP) - Carrying signs with slogans of "Stop the Coal Rush" and "Shame on Texas," about 1,000 people rallied at the state Capitol to persuade lawmakers to abandon a plan to build up to 18 new coal-fired power plants.
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Texans rally against new coal plants
Feb 12 2007 6:16AM (CT)
AUSTIN, Texas (AP) - Carrying signs with slogans of "Stop the Coal Rush" and "Shame on Texas," about 1,000 people rallied at the state Capitol to persuade lawmakers to abandon a plan to build up to 18 new coal-fired power plants.
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Texans rally against new coal plants
Feb 12 2007 6:16AM (CT)
AUSTIN, Texas (AP) - Carrying signs with slogans of "Stop the Coal Rush" and "Shame on Texas," about 1,000 people rallied at the state Capitol to persuade lawmakers to abandon a plan to build up to 18 new coal-fired power plants.
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Texans rally against new coal plants
Feb 12 2007 6:16AM (CT)
AUSTIN, Texas (AP) - Carrying signs with slogans of "Stop the Coal Rush" and "Shame on Texas," about 1,000 people rallied at the state Capitol to persuade lawmakers to abandon a plan to build up to 18 new coal-fired power plants.
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2006 Calif. grape crush 20 percent lower
Feb 12 2007 3:38AM (CT)
BERKELEY, Calif. (AP) - The state's grape harvest totals were closer to normal last year, new figures show, calming fears of another big crush flooding the market.
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