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Japanese stocks rebound after 2-day losses
Feb 20 2006 11:23PM (CT)
TOKYO (AP) - Japanese stocks rebounded Tuesday on rekindled demand among foreign investors and on news that real estate companies are planning to hike office rents, another sign the economy is emerging from deflation.
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RadioShack CEO quits amid resume questions
Feb 20 2006 11:19PM (CT)
DALLAS (AP) - RadioShack Corp.'s embattled president and CEO, David Edmondson, resigned Monday following questions about his resume's accuracy.
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GM plant in Okla. shuts down production
Feb 20 2006 9:52PM (CT)
OKLAHOMA CITY (AP) - Some workers brought cameras to General Motors Corp.'s Oklahoma plant to take photographs of their work stations and co-workers before the last vehicle rolled off the line Monday, photos that will become treasured keepsakes in scrapbooks.
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Macy's workers vote to authorize strike
Feb 20 2006 6:08PM (CT)
NEW YORK (AP) - The union representing 3,500 workers at four Macy's department stores _ including the flagship Herald Square location _ has voted to authorize a strike if talks with store management fail to resolve a contract dispute.
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Dell loses $700M service deal with Philips
Feb 20 2006 5:53PM (CT)
ROUND ROCK, Texas (AP) - Dell Inc. has lost an estimated $700 million service deal with Royal Philips Electronics NV after the companies mutually agreed to end the contract, a Dell spokesman said Monday.
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Mittal buyout offer targets W.Va. workers
Feb 20 2006 5:30PM (CT)
WEIRTON, W.Va. (AP) - Mittal Steel Co. on Monday announced a buyout offer of cash or health care benefits to about 1,000 of its West Virginia employees who are targeted under cutbacks first announced last fall.
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Oil prices jump after attacks in Nigeria
Feb 20 2006 4:41PM (CT)
LONDON (AP) - Oil prices rose more than $1.50 a barrel Monday in response to violent militant action against oil pipelines in the Niger Delta that led to a 20 percent cut to Nigeria's oil production.
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Air India, Indian Airlines may merge
Feb 20 2006 4:33PM (CT)
SINGAPORE (AP) - State owned carriers Air India and Indian Airlines may be merged after their initial public offerings are completed, India's Minister for Civil Aviation Praful Patel said Monday.
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Growth shines on fluorescent bulb market
Feb 20 2006 3:56PM (CT)
AURORA, Ohio (AP) - Julie Grassley wanted to do something for the environment and save money, so she replaced many of her Edison-inspired incandescent light bulbs with compact fluorescent lamps, which are enjoying robust growth in an high-cost energy era.
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World markets close mixed; oil prices up
Feb 20 2006 3:18PM (CT)
NEW YORK (AP) - World equity markets were mixed Monday as company news dictated trading direction in many nations, while oil stocks gained on renewed unrest in Africa.
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Huntsman to buy Ciba textile business
Feb 20 2006 2:32PM (CT)
DALLAS (AP) - Huntsman Corp. said Monday it has agreed to buy the textile-coloring business of Switzerland's Ciba Specialty Chemicals Inc. for about $196 million.
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Digital photo era spawns functional art
Feb 20 2006 2:06PM (CT)
ROCHESTER, N.Y. (AP) - In the brave new digital-photography age, cherished pictures of pets, landscapes and loved ones are showing up in unusual places _ on swimming pool tiles, furniture and even tombstones.
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Deals prompt insurance industry changes
Feb 20 2006 1:58PM (CT)
NEW YORK (AP) - A little more than a year ago, executives at insurance brokerage Marsh & McLennan Companies Inc. were forced to make a public apology for bid rigging, price fixing and using hidden commissions to pump up sales.
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Time running out for WTO on trade talks
Feb 20 2006 1:55PM (CT)
GENEVA (AP) - Diplomats have pledged to make changes, negotiators have promised to work together, and ministers have embarked on a hectic series of meetings. But with time running out for the World Trade Organization to wrap up its current round of trade liberalization talks successfully, there is still little sign that the major players are giving the necessary ground to get things moving.
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U.S. aims to address China trade deficit
Feb 20 2006 1:49PM (CT)
WASHINGTON (AP) - The administration's new get-tough approach with China could involve filing trade charges against the Asian giant over auto parts and copyright piracy and branding the Chinese as currency manipulators. But the betting is that the harder line won't have much impact, at least right away, on the soaring U.S. trade deficit, which hit an all-time high of $726 billion last year.
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Heros files for bankruptcy amid probe
Feb 20 2006 12:46PM (CT)
BERLIN (AP) - Heros, a leading German money-transport company, filed for bankruptcy on Monday as authorities announced an investigation of suspected large-scale embezzlement by employees of a subsidiary.
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Novo Nordisk gets subpoena in U.N. probe
Feb 20 2006 12:41PM (CT)
COPENHAGEN, Denmark (AP) - Danish pharmaceutical Novo Nordisk A/S has received a subpoena from the U.S. Securities and Exchange Commission ordering it to provide documents relating to the U.N. oil-for-food program in Iraq, the company said Monday.
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Trichet sees stronger economic activity
Feb 20 2006 12:20PM (CT)
BRUSSELS, Belgium (AP) - European Central Bank President Jean-Claude Trichet said Monday he sees economic activity in the euro zone strengthening despite disappointing fourth-quarter growth data.
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Schering posts sharp increase in profits
Feb 20 2006 11:05AM (CT)
BERLIN (AP) - Schering AG posted a sharp increase in earnings in 2005, including a 17 percent jump in the fourth quarter, saying Monday the performance was boosted by sales of its multiple sclerosis treatment and oral contraceptive.
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Macquarie won't hike London Exchange bid
Feb 20 2006 10:25AM (CT)
LONDON (AP) - Australia's Macquarie Bank Ltd. effectively dropped its takeover bid for the London Stock Exchange PLC on Monday, announcing that it will not increase its 1.5 billion pound ($2.6 billion) offer or extend the deadline for acceptances.
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UPM: U.S. won't prosecute in price case
Feb 20 2006 9:41AM (CT)
HELSINKI, Finland (AP) - Finnish paper maker UPM-Kymmene Corp. said Monday that U.S. officials will not prosecute it over possible price fixing in magazine paper or antitrust related offenses in the American labelstock industry.
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Samsung to hike production of LCDs
Feb 20 2006 9:12AM (CT)
SEOUL, South Korea (AP) - Samsung Electronics Co. said Monday its board has approved 229.4 billion won ($236.9 million) in spending to increase production of liquid crystal displays to meet rising demand.
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Sikorsky Aircraft workers go on strike
Feb 20 2006 8:54AM (CT)
STRATFORD, Conn. (AP) - Nearly 3,600 Sikorsky Aircraft workers in Connecticut and Florida went on strike Monday, blaming increased health insurance costs in the company's contract offer.
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Stock prices rise in London
Feb 20 2006 7:35AM (CT)
LONDON (AP) - Share prices on the London Stock Exchange were higher at midday Monday.
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EU: China, Vietnam unfairly dumping shoes
Feb 20 2006 6:51AM (CT)
BRUSSELS, Belgium (AP) - The European Union said Monday it is considering imposing restrictions on imports of shoes from China and Vietnam after finding evidence that the Asian nations are unfairly dumping footwear on European markets.
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New attacks on Nigeria oil installations
Feb 20 2006 6:48AM (CT)
LAGOS, Nigeria (AP) - Militants holding nine foreign hostages in southern Nigeria said they attacked an oil pipeline Monday and blew up a military vessel in violence that has cut about 20 percent of crude production in Africa's oil giant.
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Chirac denies racism in reaction to Mittal
Feb 20 2006 5:56AM (CT)
NEW DELHI (AP) - French President Jacques Chirac on Monday denied racism in the European reaction to Mittal Steel Co.'s hostile takeover bid for rival Arcelor SA, saying he had no problem with an Indian taking over a European company.
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Florida citrus growers in limbo
Feb 20 2006 5:02AM (CT)
LAKE WALES, Fla. (AP) - Ellis Hunt's family has made a living growing citrus since the 1920s, when his grandfather went into the business with two brothers. The industry is all they know.
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Chirac denies racism in Mittal Steel bid
Feb 20 2006 5:00AM (CT)
NEW DELHI (AP) - French President Jacques Chirac on Monday denied racism in the European reaction to Mittal Steel Co.'s hostile takeover bid for rival Arcelor SA.
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Sony stock drops 3.6 percent
Feb 20 2006 4:58AM (CT)
TOKYO (AP) - Sony shares dropped sharply Monday in Tokyo after an analyst report rekindled concerns the company may delay the sales of its new video game console, although the company denied any change in plans.
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Indian airlines finalizes Airbus jets deal
Feb 20 2006 4:57AM (CT)
NEW DELHI (AP) - Indian airlines has finalized a deal to buy 43 Airbus passenger jets for $2.5 billion, the European aircraft maker's chief executive said Monday.
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China: Stable energy supplies a priority
Feb 20 2006 12:46AM (CT)
SHANGHAI, China (AP) - China is seeking technologies to ensure stable energy supplies, a top priority for economic planning, a senior government official said Monday.
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