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Ex-brokerage boss pleads guilty
Feb 15 2008 8:12PM (CT)
NEW YORK (AP) - The former chief executive of Refco Inc., one of the world's biggest commodities brokerages, cried as he pleaded guilty Friday to conspiracy and fraud charges that carry a possible prison term of more than 300 years.
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White House help sought on student loans
Feb 15 2008 7:31PM (CT)
WASHINGTON (AP) - Democratic members of the House are asking the Bush administration to shore up the shaken student loan market before the situation worsens and students are deprived of the chance to attend college.
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White House help sought on student loans
Feb 15 2008 7:31PM (CT)
WASHINGTON (AP) - Democratic members of the House are asking the Bush administration to shore up the shaken student loan market before the situation worsens and students are deprived of the chance to attend college.
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Morgan Stanley CEO gets $41.7M in 2007
Feb 15 2008 6:24PM (CT)
NEW YORK (AP) - Morgan Stanley on Friday said Chief Executive John Mack received compensation valued at about $41.7 million in 2007, a regulatory filing showed, a year when the investment bank's profit plunged 57 percent.
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Oil swings widely on conflicting data
Feb 15 2008 6:05PM (CT)
NEW YORK (AP) - Oil futures ended essentially flat Friday, giving up much larger earlier gains as traders sold to book profits from crude's recent 10 percent price rally.
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Delinquencies rise at Countrywide
Feb 15 2008 5:57PM (CT)
LOS ANGELES (AP) - Countrywide Financial Corp. said Friday home loan delinquencies and foreclosures rose in January as more borrowers struggled to make their mortgage payments.
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Treasurys higher on weak manufacturing
Feb 15 2008 5:42PM (CT)
NEW YORK (AP) - Long-term Treasury prices rose Friday after the New York Federal Reserve reported that manufacturing in its region contracted this month. Another gauge showed that nationwide consumer confidence skidded to a 16-year low.
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FGIC expected to split operations
Feb 15 2008 5:18PM (CT)
ALBANY, N.Y. (AP) - New York regulators are eager to consider splitting Financial Guaranty Insurance Co.'s core bond insurance businesses to protect municipal credit ratings against costly downgrades and stem troubles in the debt markets.
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FGIC expected to split operations
Feb 15 2008 5:18PM (CT)
ALBANY, N.Y. (AP) - New York regulators are eager to consider splitting Financial Guaranty Insurance Co.'s core bond insurance businesses to protect municipal credit ratings against costly downgrades and stem troubles in the debt markets.
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BA agrees to settle price-fixing case
Feb 15 2008 4:43PM (CT)
LONDON (AP) - British Airways and Virgin Atlantic have tentatively agreed to settle a U.S. price-fixing suit over fuel surcharges, British Airways said Friday.
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Retailers impose new toy safety rules
Feb 15 2008 4:32PM (CT)
NEW YORK (AP) - After facing recall after recall of millions of Chinese-made items, the nation's biggest toy sellers are imposing stricter measures on their suppliers _ including tougher standards for lead content _ to get ahead of expected new federal legislation.
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Shopping slows; Best Buy lowers guidance
Feb 15 2008 4:31PM (CT)
MINNEAPOLIS (AP) - Best Buy said its annual profit would be smaller than expected, hurt by a slowing economy as shoppers held back on TVs, digital music players and cameras.
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Abercrombie profit up 9 percent
Feb 15 2008 4:26PM (CT)
COLUMBUS, Ohio (AP) - Abercrombie & Fitch Co. said Friday that its fourth-quarter earnings rose 9 percent on increased sales from its expanding Hollister Co. chain that cater to teens and its abercrombie stores for children.
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Soybeans hit record on Chinese demand
Feb 15 2008 4:13PM (CT)
NEW YORK (AP) - Soybean futures rose to a record Friday, surpassing $14 a bushel for the first time amid expectations of rising demand in China for the grain used to feed livestock and make biofuel.
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Fed chief sought opinions amid turmoil
Feb 15 2008 3:37PM (CT)
WASHINGTON (AP) - Federal Reserve Chairman Ben Bernanke consulted with predecessor Alan Greenspan, major financial players and even a speech consultant as he grappled with growing economic turmoil.
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Fed chief sought opinions amid turmoil
Feb 15 2008 3:37PM (CT)
WASHINGTON (AP) - Federal Reserve Chairman Ben Bernanke consulted with predecessor Alan Greenspan, major financial players and even a speech consultant as he grappled with growing economic turmoil.
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Campbell Soup profit falls, sales rise
Feb 15 2008 2:07PM (CT)
CAMDEN, N.J. (AP) - The Campbell Soup Co. said Friday its second-quarter profit slipped 3.9 percent as increases in the cost of commodities and energy and higher promotional spending offset a strong sales increase.
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Stocks decline on manufacturing report
Feb 15 2008 9:55AM (CT)
NEW YORK (AP) - Stocks fell in early trading Friday after a weak manufacturing report raised concerns of a further economic slowdown.
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US, Australia reach open skies agreement
Feb 15 2008 7:13AM (CT)
SYDNEY, Australia (AP) - Australia and the United States have reached a bilateral "open skies" aviation agreement, the countries announced Friday, clearing the way for increased competition on one of the world's most lucrative and protected long-haul routes.
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No recession yet, Greenspan says
Feb 15 2008 7:11AM (CT)
HOUSTON (AP) - Former Federal Reserve Chairman Alan Greenspan said Thursday night the American economy is "clearly on the edge" of a recession, and he pointed to the depressed housing market as a primary culprit.
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Deutsche Post CEO offers to resign
Feb 15 2008 6:36AM (CT)
BERLIN (AP) - The chief executive of Deutsche Post AG has offered to resign in the wake of allegations that he evaded some $1.45 million in taxes through investments in Liechtenstein, the Finance Ministry said Friday.
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Deutsche Post CEO offers to resign
Feb 15 2008 6:36AM (CT)
BERLIN (AP) - The chief executive of Deutsche Post AG has offered to resign in the wake of allegations that he evaded some $1.45 million in taxes through investments in Liechtenstein, the Finance Ministry said Friday.
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Deutsche Post CEO offers to resign
Feb 15 2008 6:36AM (CT)
BERLIN (AP) - The chief executive of Deutsche Post AG has offered to resign in the wake of allegations that he evaded some $1.45 million in taxes through investments in Liechtenstein, the Finance Ministry said Friday.
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Deutsche Post CEO offers to resign
Feb 15 2008 6:36AM (CT)
BERLIN (AP) - The chief executive of Deutsche Post AG has offered to resign in the wake of allegations that he evaded some $1.45 million in taxes through investments in Liechtenstein, the Finance Ministry said Friday.
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China January trade surplus up 22.7 pct
Feb 15 2008 6:36AM (CT)
BEIJING (AP) - China's trade surplus grew by 22.7 percent in January over the same month last year as foreign demand for exports stayed strong despite worries about slowing global growth, according to data reported Friday.
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China January trade surplus up 22.7 pct
Feb 15 2008 6:36AM (CT)
BEIJING (AP) - China's trade surplus grew by 22.7 percent in January over the same month last year as foreign demand for exports stayed strong despite worries about slowing global growth, according to data reported Friday.
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Green ranchers buck cattle industry
Feb 15 2008 5:44AM (CT)
CATHEYS VALLEY, Calif. (AP) - Seth Nitschke spent his early 20s working at large feed lots before he returned home to start a business raising beef cattle fed on the grasses of the Sierra Nevada foothills.
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Green ranchers buck cattle industry
Feb 15 2008 5:44AM (CT)
CATHEYS VALLEY, Calif. (AP) - Seth Nitschke spent his early 20s working at large feed lots before he returned home to start a business raising beef cattle fed on the grasses of the Sierra Nevada foothills.
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Green ranchers buck cattle industry
Feb 15 2008 5:44AM (CT)
CATHEYS VALLEY, Calif. (AP) - Seth Nitschke spent his early 20s working at large feed lots before he returned home to start a business raising beef cattle fed on the grasses of the Sierra Nevada foothills.
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Green ranchers buck cattle industry
Feb 15 2008 5:44AM (CT)
CATHEYS VALLEY, Calif. (AP) - Seth Nitschke spent his early 20s working at large feed lots before he returned home to start a business raising beef cattle fed on the grasses of the Sierra Nevada foothills.
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IMF urges China to ease yuan controls
Feb 15 2008 4:57AM (CT)
BEIJING (AP) - The managing director of the International Monetary Fund said Friday he is urging Chinese leaders to ease exchange rate controls to address global financial imbalances and their own economic challenges.
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Bank of Japan keeps rates unchanged
Feb 15 2008 4:11AM (CT)
TOKYO (AP) - Japan's central bank kept interest rates unchanged Friday amid growing worries about a global slowdown.
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US economy officials loosen their lips
Feb 15 2008 3:17AM (CT)
WASHINGTON (AP) - Could the nation's top economic officials be abandoning the colorless, cryptic language of Fedspeak in describing the state of the economy?
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US economy officials loosen their lips
Feb 15 2008 3:17AM (CT)
WASHINGTON (AP) - Could the nation's top economic officials be abandoning the colorless, cryptic language of Fedspeak in describing the state of the economy?
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Ford workers face buyout decisions
Feb 15 2008 12:21AM (CT)
DETROIT (AP) - The current round of early retirement and buyout offers to most of Ford Motor Co.'s U.S. hourly workers will give them options to move on with their lives, but it also will help the automaker's bottom line, according to Ford executives.
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Mexico judge rules for miners in strike
Feb 15 2008 12:18AM (CT)
MEXICO CITY (AP) - A Mexican judge on Thursday ruled in favor of a miners striking at the country's largest copper mine, allowing them to continue their 6-month strike.
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