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Miss. AG seeks legislation on State Farm
Feb 16 2007 11:26PM (CT)
JACKSON, Miss. (AP) - Mississippi Attorney General Jim Hood said Friday he will seek legislation aimed at blocking State Farm Insurance Cos. from refusing to write new homeowners and commercial policies in the hurricane-battered state.
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Troubled ports deal clears last hurdle
Feb 16 2007 9:46PM (CT)
WASHINGTON (AP) - Six major U.S. port operations will come under U.S. ownership after Dubai Ports World cleared a $50 million hurdle Friday to end a yearlong political conflict over security at the nation's cargo terminals.
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Anheuser-Busch under fire for Web site
Feb 16 2007 9:26PM (CT)
ST. LOUIS (AP) - Twenty-three attorneys general have written to Anheuser-Busch Cos., asking the brewer for better tools to make sure underaged viewers aren't accessing its new Bud.TV site.
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Anheuser-Busch under fire for Web site
Feb 16 2007 9:26PM (CT)
ST. LOUIS (AP) - Twenty-three attorneys general have written to Anheuser-Busch Cos., asking the brewer for better tools to make sure underaged viewers aren't accessing its new Bud.TV site.
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Oil prices jump more than $1 per barrel
Feb 16 2007 6:40PM (CT)
NEW YORK (AP) - Oil prices jumped more than $1 per barrel Friday, led by gains for heating fuels, in another volatile trading day for crude. Light, sweet crude for March delivery rose $1.40 to settle at $59.39 a barrel on the New York Mercantile Exchange after dipping as low as $57.59 earlier in the session.
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Goodyear reports $358M 4Q loss
Feb 16 2007 6:39PM (CT)
CLEVELAND (AP) - Goodyear Tire & Rubber Co.'s leader is trying to put the costly effect of a nearly three-month strike behind the tiremaker and concentrate on revving up sales after Goodyear reported Friday that it lost $358 million in the fourth quarter.
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Motorola's Garriques leaves for Dell job
Feb 16 2007 6:32PM (CT)
CHICAGO (AP) - The head of Motorola Inc.'s cell phone business resigned Friday, focusing new attention on a division whose performance has faltered after two years of success fueled by Razr handsets.
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Traders face hazy future in digital NYSE
Feb 16 2007 6:29PM (CT)
NEW YORK (AP) - Michael Rutigliano used to feel like Mickey Mantle each time he stepped on the New York Stock Exchange floor. The longtime NYSE broker said it "felt like walking on to the field of the Yankee Stadium of the business world, complete with lights, referees, uniforms, hand signals, and scoreboards. There's a palpable energy, a sense you entered the premier business arena in the world."
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Campbell Soup 2Q earnings rise sharply
Feb 16 2007 6:27PM (CT)
MOUNT LAUREL, N.J. (AP) - Share prices in Campbell Soup Co. rose sharply Friday after the company announced that second-quarter profits were up a higher-than-expected 12 percent and that lower-sodium soups were selling well.
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Banco Bilbao buying Compass Bancshares
Feb 16 2007 6:23PM (CT)
MONTGOMERY, Ala. (AP) - Compass Bancshares Inc. said Friday it is being purchased by Banco Bilbao Vizcaya Argentaria S.A., in a $9.6 billion cash and stock deal that strengthens the Spanish company's foothold in Texas and other states with large Hispanic populations. The transaction consists of roughly $4.6 billion in cash and about 196 million shares of Banco Bilbao common stock.
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Home building at lowest level since '97
Feb 16 2007 6:21PM (CT)
WASHINGTON (AP) - Housing construction plunged to the lowest level in nearly a decade last month as the housing industry continued to struggle with a severe slowdown. Meanwhile, wholesale prices dropped by 0.6 percent in January, the biggest amount in three months, providing fresh evidence that inflation pressures are easing.
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Dole recalls salmonella-infected melons
Feb 16 2007 6:09PM (CT)
WASHINGTON (AP) - The Dole Fresh Fruit Co. recalled several thousand cartons of imported cantaloupes Friday after the fruit tested positive for salmonella.
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Chrysler stock up on report of GM talks
Feb 16 2007 4:37PM (CT)
DETROIT (AP) - U.S. shares of DaimlerChrysler AG jumped more than 4 percent Friday _ setting a new 52-week high _ after a trade publication reported that General Motors Corp. is in talks to acquire the troubled Chrysler Group.
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Chrysler stock up on report of GM talks
Feb 16 2007 4:37PM (CT)
DETROIT (AP) - U.S. shares of DaimlerChrysler AG jumped more than 4 percent Friday _ setting a new 52-week high _ after a trade publication reported that General Motors Corp. is in talks to acquire the troubled Chrysler Group.
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Mo. family sues ConAgra over salmonella
Feb 16 2007 3:25PM (CT)
ST. LOUIS (AP) - A couple sued ConAgra Foods Inc. on Friday over a salmonella outbreak linked to its peanut butter, and their attorney said more suits will follow.
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Fifth graders learn business basics
Feb 16 2007 3:16PM (CT)
SAN FRANCISCO (AP) - Like any ambitious entrepreneur, Amy Lee has created a global marketing plan, approved the product manufacturing specifications and memorized a business pitch to venture capitalists.
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Fifth graders learn business basics
Feb 16 2007 3:16PM (CT)
SAN FRANCISCO (AP) - Like any ambitious entrepreneur, Amy Lee has created a global marketing plan, approved the product manufacturing specifications and memorized a business pitch to venture capitalists.
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Fifth graders learn business basics
Feb 16 2007 3:16PM (CT)
SAN FRANCISCO (AP) - Like any ambitious entrepreneur, Amy Lee has created a global marketing plan, approved the product manufacturing specifications and memorized a business pitch to venture capitalists.
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Judge approves Air America Radio sale
Feb 16 2007 2:38PM (CT)
NEW YORK (AP) - A federal bankruptcy judge on Friday approved the sale of the liberal talk radio network Air America Radio for $4.25 million to Stephen L. Green, founder of a New York real estate firm.
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Fed: Watch out for misleading loan scams
Feb 16 2007 1:48PM (CT)
WASHINGTON (AP) - Homeowners beware: You could be victimized by a certain scam where someone tries to lure you into applying for a loan secured by your home.
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Mills takes Simon offer
Feb 16 2007 12:32PM (CT)
COLLEGE PARK, Md. (AP) - Mall operator Simon Property Group Inc. and hedge fund Farallon Capital Management said Friday they will buy the struggling mall developer The Mills Corp. for $1.64 billion after outbidding rival Brookfield Asset Management Inc.
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Mills takes Simon offer
Feb 16 2007 12:32PM (CT)
COLLEGE PARK, Md. (AP) - Mall operator Simon Property Group Inc. and hedge fund Farallon Capital Management said Friday they will buy the struggling mall developer The Mills Corp. for $1.64 billion after outbidding rival Brookfield Asset Management Inc.
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Smucker 3Q profit rises
Feb 16 2007 10:01AM (CT)
ORRVILLE, Ohio (AP) - J.M. Smucker Co., the largest U.S. producer of jams and jellies, said Friday its profit rose 29 percent in its third quarter, due to higher sales and market share gains for key brands like Smucker's, Jif and Crisco.
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Smucker 3Q profit rises
Feb 16 2007 10:01AM (CT)
ORRVILLE, Ohio (AP) - J.M. Smucker Co., the largest U.S. producer of jams and jellies, said Friday its profit rose 29 percent in its third quarter, due to higher sales and market share gains for key brands like Smucker's, Jif and Crisco.
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Hormel Foods 1Q profit jumps 8.7 percent
Feb 16 2007 9:48AM (CT)
AUSTIN, Minn. (AP) - Hormel Foods Corp., the maker of Spam canned meat and Jennie-O Turkey, said on Friday that first-quarter profit rose 8.7 percent despite a sharp run-up in grain prices that hurt turkey profits.
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Visteon posts 4Q loss of $39 million
Feb 16 2007 9:44AM (CT)
DETROIT (AP) - Struggling auto parts maker Visteon Corp. said Friday it lost $39 million in the fourth quarter but its loss for the full year narrowed to $163 million from a year earlier.
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New Orleans seeks Mardi Gras donations
Feb 16 2007 5:00AM (CT)
NEW ORLEANS (AP) - The cash-strapped city, which has borrowed heavily to continue operating after Hurricane Katrina, is turning to text-messaged donations in an effort to defray the costs of Mardi Gras, its premier cultural event.
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New Orleans seeks Mardi Gras donations
Feb 16 2007 5:00AM (CT)
NEW ORLEANS (AP) - The cash-strapped city, which has borrowed heavily to continue operating after Hurricane Katrina, is turning to text-messaged donations in an effort to defray the costs of Mardi Gras, its premier cultural event.
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Singapore police arrest Mitsui trader
Feb 16 2007 4:56AM (CT)
SINGAPORE (AP) - Police in this city-state have arrested a trader with the Singapore unit of Japan's Mitsui & Co. on suspicion he tried to cover up 9.6 billion yen, or $80.3 million, in losses, the Japanese company said Friday.
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Wyeth wins hormone replacement trial
Feb 16 2007 4:30AM (CT)
LITTLE ROCK, Ark. (AP) - A federal jury ruled for Wyeth Pharmaceuticals on Thursday in the latest lawsuit claiming that the company's hormone replacement drugs cause breast cancer.
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Japanese stocks drop; dollar up vs. yen
Feb 16 2007 4:30AM (CT)
TOKYO (AP) - Japanese stocks fell Friday, ending a five-session rallying streak, as investors locked in profits as recent strong economic data spurred expectations the central bank may raise interest rates next week.
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Dodge joins stampede into China market
Feb 16 2007 4:27AM (CT)
SHANGHAI, China (AP) - Dodge will join Chevrolet and other mainstream American brands being sold in China when sales begin sometime this year, DaimlerChrysler AG announced Friday.
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Kansas growers conflicted over farm bill
Feb 16 2007 4:19AM (CT)
WASHINGTON (AP) - When Congress passed the last farm bill five years ago, Kansas Sen. Pat Roberts was firmly in the "no" column. The latest version of farm legislation proposed by the Bush administration last month hasn't put to rest Roberts' concerns, or those of other Kansas officials worried about its impact on the state's farmers and ranchers.
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Chinese share prices surge to new record
Feb 16 2007 4:19AM (CT)
SHANGHAI, China (AP) - Shanghai's benchmark stock index surged past the psychological benchmark of 3,000 to a new record Friday, though share prices later fell back to close only marginally higher amid renewed profit-taking.
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Dollar inches up against yen in Asia
Feb 16 2007 4:18AM (CT)
TOKYO (AP) - The dollar inched up against the yen in Asia Friday amid debate over whether Japan's central bank would raise interest rates next week.
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Hershey plans to cut work force by 1,500
Feb 16 2007 3:10AM (CT)
HARRISBURG, Pa. (AP) - The Hershey Co., whose name has been synonymous with U.S. candymaking for more than a century, is moving a bigger chunk of its production to Mexico.
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Hershey plans to cut work force by 1,500
Feb 16 2007 3:10AM (CT)
HARRISBURG, Pa. (AP) - The Hershey Co., whose name has been synonymous with U.S. candymaking for more than a century, is moving a bigger chunk of its production to Mexico.
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Hershey plans to cut work force by 1,500
Feb 16 2007 3:10AM (CT)
HARRISBURG, Pa. (AP) - The Hershey Co., whose name has been synonymous with U.S. candymaking for more than a century, is moving a bigger chunk of its production to Mexico.
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