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Writers vote to end strike
Feb 12 2008 11:37PM (CT)
LOS ANGELES (AP) - A devastating, three-month walkout that brought the entertainment industry to a standstill ended Tuesday when Hollywood writers voted to lift their union's strike order and return to work Wednesday.
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Writers vote to end strike
Feb 12 2008 11:37PM (CT)
LOS ANGELES (AP) - A devastating, three-month walkout that brought the entertainment industry to a standstill ended Tuesday when Hollywood writers voted to lift their union's strike order and return to work Wednesday.
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Writers vote to end strike
Feb 12 2008 11:37PM (CT)
LOS ANGELES (AP) - A devastating, three-month walkout that brought the entertainment industry to a standstill ended Tuesday when Hollywood writers voted to lift their union's strike order and return to work Wednesday.
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Writers vote to end strike
Feb 12 2008 11:37PM (CT)
LOS ANGELES (AP) - A devastating, three-month walkout that brought the entertainment industry to a standstill ended Tuesday when Hollywood writers voted to lift their union's strike order and return to work Wednesday.
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Writers vote to end strike
Feb 12 2008 11:37PM (CT)
LOS ANGELES (AP) - A devastating, three-month walkout that brought the entertainment industry to a standstill ended Tuesday when Hollywood writers voted to lift their union's strike order and return to work Wednesday.
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Venezuela halts oil sales to Exxon Mobil
Feb 12 2008 9:27PM (CT)
CARACAS, Venezuela (AP) - Venezuela's state oil company said Tuesday that it has stopped selling crude to Exxon Mobil Corp. in response to the U.S. oil company's drive to use the courts to seize billions of dollars in Venezuelan assets.
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Buffett offers to back municipal bonds
Feb 12 2008 7:16PM (CT)
OMAHA, Neb. (AP) - Billionaire investor Warren Buffett's offer to help insure municipal bonds assuaged some of the broader market's credit concerns Tuesday, but the troubled bond insurers may have little interest in extra coverage for their best assets.
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Fed auctions $30 billion
Feb 12 2008 6:45PM (CT)
WASHINGTON (AP) - The Federal Reserve, seeking to combat the effects of a serious credit crisis, said Tuesday it had auctioned $30 billion in funds to commercial banks at an interest rate of 3.010 percent.
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Fed auctions $30 billion
Feb 12 2008 6:45PM (CT)
WASHINGTON (AP) - The Federal Reserve, seeking to combat the effects of a serious credit crisis, said Tuesday it had auctioned $30 billion in funds to commercial banks at an interest rate of 3.010 percent.
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Treasurys sell off on Buffett muni offer
Feb 12 2008 5:42PM (CT)
NEW YORK (AP) - Long-term Treasury prices plunged Tuesday after investor Warren Buffett offered to provide extra guarantees on over $800 billion in municipal bonds backed by troubled insurers MBIA Inc, Ambac Financial Group Inc. and FGIC Corp.
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Gold plummets on profit-taking
Feb 12 2008 5:21PM (CT)
NEW YORK (AP) - Gold prices tumbled Tuesday as traders cashed in profits after three days of gains and a Wall Street rally drew investors back into stocks.
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Gold plummets on profit-taking
Feb 12 2008 5:21PM (CT)
NEW YORK (AP) - Gold prices tumbled Tuesday as traders cashed in profits after three days of gains and a Wall Street rally drew investors back into stocks.
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US announces plan to delay foreclosures
Feb 12 2008 5:01PM (CT)
WASHINGTON (AP) - Homeowners threatened with foreclosure would in some instances get a 30-day reprieve under an initiative the Bush administration announced Tuesday. Critics attacked the proposal as far short of what is needed to resolve a serious financial crisis that is threatening millions of families with the loss of their homes.
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Schering-Plough posts $3.4B loss
Feb 12 2008 4:34PM (CT)
NEWARK, N.J. (AP) - The drugmaker Schering-Plough said Tuesday it lost $3.36 billion in the fourth quarter of 2007 because of accounting adjustments related to the purchase of Organon BioSciences NV.
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Marsh and McLennan 4Q profit falls
Feb 12 2008 4:32PM (CT)
NEW YORK (AP) - Marsh & McLennan Cos. said Tuesday its profit shrank 62 percent in the fourth quarter as stiff competition squeezed the commissions the insurance broker charged.
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Foreclosures hurt housing market further
Feb 12 2008 4:25PM (CT)
WASHINGTON (AP) - A growing share of home sales are from foreclosures, especially in states hardest hit by the housing bust. In some parts of California lately, nearly 50 percent of home sales come from foreclosed houses.
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Foreclosures hurt housing market further
Feb 12 2008 4:25PM (CT)
WASHINGTON (AP) - A growing share of home sales are from foreclosures, especially in states hardest hit by the housing bust. In some parts of California lately, nearly 50 percent of home sales come from foreclosed houses.
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IndyMac records first annual loss
Feb 12 2008 4:23PM (CT)
LOS ANGELES (AP) - IndyMac Bancorp Inc. reported the first annual loss in company history Tuesday and scrapped its dividend to shore up capital.
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GM posts biggest annual US auto loss
Feb 12 2008 4:17PM (CT)
DETROIT (AP) - For all the good in GM's 2007 results _ the near-record worldwide sales, the reduction in labor costs and in retiree health obligations _ there is no getting around the $38.7 billion in red ink.
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GM posts biggest annual US auto loss
Feb 12 2008 4:17PM (CT)
DETROIT (AP) - For all the good in GM's 2007 results _ the near-record worldwide sales, the reduction in labor costs and in retiree health obligations _ there is no getting around the $38.7 billion in red ink.
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GM posts biggest annual US auto loss
Feb 12 2008 4:17PM (CT)
DETROIT (AP) - For all the good in GM's 2007 results _ the near-record worldwide sales, the reduction in labor costs and in retiree health obligations _ there is no getting around the $38.7 billion in red ink.
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GM posts biggest annual US auto loss
Feb 12 2008 4:17PM (CT)
DETROIT (AP) - For all the good in GM's 2007 results _ the near-record worldwide sales, the reduction in labor costs and in retiree health obligations _ there is no getting around the $38.7 billion in red ink.
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Oil off on slower demand, price outlook
Feb 12 2008 4:04PM (CT)
NEW YORK (AP) - Oil futures fell Tuesday, reversing a three-day rally, after the Energy Department cut price and demand forecasts for this year, citing the slowing economy. Expectations of an increase in oil supplies also pressured prices.
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Painkiller patches recalled
Feb 12 2008 3:27PM (CT)
WASHINGTON (AP) - Patches containing the prescription painkiller fentanyl were recalled Tuesday, because of a flaw that could cause patients or caregivers to overdose on the potent drug inside.
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Painkiller patches recalled
Feb 12 2008 3:27PM (CT)
WASHINGTON (AP) - Patches containing the prescription painkiller fentanyl were recalled Tuesday, because of a flaw that could cause patients or caregivers to overdose on the potent drug inside.
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GM posts biggest annual US auto loss
Feb 12 2008 2:56PM (CT)
DETROIT (AP) - General Motors Corp. reported a $38.7 billion loss for 2007 on Tuesday, the largest annual loss ever for an automotive company, and said it is making a new round of buyout offers to U.S. hourly workers in hopes of replacing some of them with lower-paid help.
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GM posts biggest annual US auto loss
Feb 12 2008 2:56PM (CT)
DETROIT (AP) - General Motors Corp. reported a $38.7 billion loss for 2007 on Tuesday, the largest annual loss ever for an automotive company, and said it is making a new round of buyout offers to U.S. hourly workers in hopes of replacing some of them with lower-paid help.
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GM posts biggest annual US auto loss
Feb 12 2008 2:56PM (CT)
DETROIT (AP) - General Motors Corp. reported a $38.7 billion loss for 2007 on Tuesday, the largest annual loss ever for an automotive company, and said it is making a new round of buyout offers to U.S. hourly workers in hopes of replacing some of them with lower-paid help.
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Write-downs hurt Credit Suisse profit
Feb 12 2008 1:54PM (CT)
ZURICH, Switzerland (AP) - Credit Suisse Group posted a write-down of 2.07 billion Swiss francs ($1.88 billion) for subprime-related assets on Tuesday as it said fourth-quarter earnings dropped 72 percent to 1.33 billion francs ($1.2 billion).
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Qwest 4Q profit rises 89 percent
Feb 12 2008 9:42AM (CT)
DENVER (AP) - Qwest Communications International Inc. said Tuesday its fourth-quarter earnings rose 89 percent as sales of data and Internet products offset a decline in traditional phone service.
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GM offers buyouts to 74K hourly workers
Feb 12 2008 7:29AM (CT)
DETROIT (AP) - General Motors Corp., eager to lower wages and staunch the kinds of losses it saw in 2007, said Tuesday it is offering a new round of buyouts to all 74,000 of its U.S. hourly workers who are represented by the United Auto Workers.
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