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Latest Business News Archives for February 20, 2008

Court gives business 2 wins, 1 loss
Feb 20 2008 6:26PM (CT)
WASHINGTON (AP) - The Supreme Court sided with business in two cases Wednesday that limit state lawsuits against medical device manufacturers and invalidate Maine's regulations of package delivery companies.
 
Seniority an issue for Delta, Northwest
Feb 20 2008 6:10PM (CT)
ATLANTA (AP) - Northwest Airlines Corp. pilots have integration issues to sort out. Not just the ones with their counterparts at Delta Air Lines Inc. that threaten to scuttle talks to combine the two carriers. The ones with Republic Airlines. From 1986.
 
Seniority an issue for Delta, Northwest
Feb 20 2008 6:10PM (CT)
ATLANTA (AP) - Northwest Airlines Corp. pilots have integration issues to sort out. Not just the ones with their counterparts at Delta Air Lines Inc. that threaten to scuttle talks to combine the two carriers. The ones with Republic Airlines. From 1986.
 
Treasurys mixed after CPI, FOMC minutes
Feb 20 2008 5:43PM (CT)
NEW YORK (AP) - Treasury prices closed mixed Wednesday after a session made volatile by a worrisome rise in consumer inflation and news that the Federal Reserve cut its growth forecast.
 
Treasurys mixed after CPI, FOMC minutes
Feb 20 2008 5:43PM (CT)
NEW YORK (AP) - Treasury prices closed mixed Wednesday after a session made volatile by a worrisome rise in consumer inflation and news that the Federal Reserve cut its growth forecast.
 
Gold hits record on oil rally
Feb 20 2008 5:21PM (CT)
NEW YORK (AP) - Gold surged to a record in aftermarket trading Wednesday after oil rallied above $100 a barrel and investors bet the Federal Reserve will again slash interest rates _ boosting the metal's appeal as a hedge against inflation.
 
Gold hits record on oil rally
Feb 20 2008 5:21PM (CT)
NEW YORK (AP) - Gold surged to a record in aftermarket trading Wednesday after oil rallied above $100 a barrel and investors bet the Federal Reserve will again slash interest rates _ boosting the metal's appeal as a hedge against inflation.
 
Oil pushes past $101 on Fed view
Feb 20 2008 5:19PM (CT)
NEW YORK (AP) - Oil futures rallied again Wednesday, pushing briefly past $101 a barrel after the Federal Reserve lowered its forecast for economic growth this year, convincing energy investors that the central bank will slash interest rates further. At the pump, meanwhile, gas prices rose another 2 cents overnight.
 
Oil pushes past $101 on Fed view
Feb 20 2008 5:19PM (CT)
NEW YORK (AP) - Oil futures rallied again Wednesday, pushing briefly past $101 a barrel after the Federal Reserve lowered its forecast for economic growth this year, convincing energy investors that the central bank will slash interest rates further. At the pump, meanwhile, gas prices rose another 2 cents overnight.
 
Fed lowers economic forecast
Feb 20 2008 5:15PM (CT)
WASHINGTON (AP) - The Federal Reserve on Wednesday lowered its projection for economic growth this year, citing damage from the double blows of a housing slump and credit crunch. It said it also expects higher unemployment and inflation.
 
TJX profit jumps 47 pct on cost controls
Feb 20 2008 4:45PM (CT)
BOSTON (AP) - Off-price retailer TJX Cos. on Wednesday said improvements in inventory, cost controls and marketing boosted its fourth-quarter profit by almost 47 percent.
 
Two gift retailers file for bankruptcy
Feb 20 2008 4:27PM (CT)
NEW YORK (AP) - A weak holiday season and a struggling economy led retailers Sharper Image Corp. and Lillian Vernon Corp. to file for bankruptcy this week, and analysts predict others could soon follow them as consumer spending worsens.
 
Probe: Soc Gen trader had no accomplice
Feb 20 2008 4:24PM (CT)
PARIS (AP) - Investigators of a $7 billion fraud at French bank Societe Generale say that the only trader implicated in the scandal acted alone.
 
GMAC to cut about 930 auto finance jobs
Feb 20 2008 3:28PM (CT)
DETROIT (AP) - GMAC LLC plans to combine 20 U.S. and Canadian offices into five regional centers and cut about 930 jobs in its auto finance business to cut expenses in the wake of tightening credit markets and heavy losses last year.
 
GMAC to cut about 930 auto finance jobs
Feb 20 2008 3:28PM (CT)
DETROIT (AP) - GMAC LLC plans to combine 20 U.S. and Canadian offices into five regional centers and cut about 930 jobs in its auto finance business to cut expenses in the wake of tightening credit markets and heavy losses last year.
 
Travelers flock to Japan as yen weakens
Feb 20 2008 2:37PM (CT)
TOKYO (AP) - His head wrapped in cloth and wearing black head-to-toe, Michael Studte throws darts, turns summersaults and twirls lassos in a ninja class for foreign tourists in Japan.
 
Travelers flock to Japan as yen weakens
Feb 20 2008 2:37PM (CT)
TOKYO (AP) - His head wrapped in cloth and wearing black head-to-toe, Michael Studte throws darts, turns summersaults and twirls lassos in a ninja class for foreign tourists in Japan.
 
Travelers flock to Japan as yen weakens
Feb 20 2008 2:37PM (CT)
TOKYO (AP) - His head wrapped in cloth and wearing black head-to-toe, Michael Studte throws darts, turns summersaults and twirls lassos in a ninja class for foreign tourists in Japan.
 
Travelers flock to Japan as yen weakens
Feb 20 2008 2:37PM (CT)
TOKYO (AP) - His head wrapped in cloth and wearing black head-to-toe, Michael Studte throws darts, turns summersaults and twirls lassos in a ninja class for foreign tourists in Japan.
 
Travelers flock to Japan as yen weakens
Feb 20 2008 2:37PM (CT)
TOKYO (AP) - His head wrapped in cloth and wearing black head-to-toe, Michael Studte throws darts, turns summersaults and twirls lassos in a ninja class for foreign tourists in Japan.
 
Travelers flock to Japan as yen weakens
Feb 20 2008 2:37PM (CT)
TOKYO (AP) - His head wrapped in cloth and wearing black head-to-toe, Michael Studte throws darts, turns summersaults and twirls lassos in a ninja class for foreign tourists in Japan.
 
Travelers flock to Japan as yen weakens
Feb 20 2008 2:37PM (CT)
TOKYO (AP) - His head wrapped in cloth and wearing black head-to-toe, Michael Studte throws darts, turns summersaults and twirls lassos in a ninja class for foreign tourists in Japan.
 
Travelers flock to Japan as yen weakens
Feb 20 2008 2:37PM (CT)
TOKYO (AP) - His head wrapped in cloth and wearing black head-to-toe, Michael Studte throws darts, turns summersaults and twirls lassos in a ninja class for foreign tourists in Japan.
 
Court says 401(k) participants can sue
Feb 20 2008 11:17AM (CT)
WASHINGTON (AP) - The Supreme Court ruled Wednesday that individual participants in the most common type of retirement plan can sue under a pension protection law to recover their losses.
 
Court limits suits over medical devices
Feb 20 2008 11:15AM (CT)
WASHINGTON (AP) - The Supreme Court on Wednesday made it harder for consumers to sue manufacturers of federally approved medical devices.
 
Sears settles lawsuit over stoves
Feb 20 2008 11:14AM (CT)
ST. LOUIS (AP) - Sears Holdings Corp. will install safety brackets on its stoves in millions of households or offer gift cards in settling an Illinois class-action lawsuit over the appliances' supposed propensity to topple.
 
Sears settles lawsuit over stoves
Feb 20 2008 11:14AM (CT)
ST. LOUIS (AP) - Sears Holdings Corp. will install safety brackets on its stoves in millions of households or offer gift cards in settling an Illinois class-action lawsuit over the appliances' supposed propensity to topple.
 
Court invalidates Maine tobacco law
Feb 20 2008 11:07AM (CT)
WASHINGTON (AP) - The Supreme Court on Wednesday invalidated parts of Maine's law barring Internet tobacco sales to minors.
 
Judge cuts $134M judgment in Wyeth case
Feb 20 2008 7:25AM (CT)
RENO, Nev. (AP) - Citing concerns that "passion and prejudice" inflated the verdict, a judge Tuesday slashed a $134 million jury award to three Nevada women who claimed a drug made by Wyeth caused their breast cancer.
 
Cuban trade embargo expected to remain
Feb 20 2008 7:24AM (CT)
WASHINGTON (AP) - America's five-decade trade embargo on Cuba is expected to be far more durable than Fidel Castro, the Cuban leader it was aimed at deposing.
 
BNP Paribas Q4 profit down 42 percent
Feb 20 2008 7:21AM (CT)
PARIS (AP) - BNP Paribas SA confirmed Wednesday that fourth-quarter net profit plunged 42 percent due to write-downs of securities affected by the financial markets crisis.
 
BNP Paribas Q4 profit down 42 percent
Feb 20 2008 7:21AM (CT)
PARIS (AP) - BNP Paribas SA confirmed Wednesday that fourth-quarter net profit plunged 42 percent due to write-downs of securities affected by the financial markets crisis.
 
Meat recall prompts call for USDA reform
Feb 20 2008 7:20AM (CT)
LOS ANGELES (AP) - The U.S. Department of Agriculture's twin mandates of promoting the nation's agriculture and monitoring it for safety are being questioned in the wake of a beef contamination scare that prompted the nation's largest-ever meat recall.
 
Meat recall prompts call for USDA reform
Feb 20 2008 7:20AM (CT)
LOS ANGELES (AP) - The U.S. Department of Agriculture's twin mandates of promoting the nation's agriculture and monitoring it for safety are being questioned in the wake of a beef contamination scare that prompted the nation's largest-ever meat recall.
 
Clothing IDs friends for military
Feb 20 2008 5:18AM (CT)
DAYTON, Ohio (AP) - When Taliban forces attacked a police checkpoint in central Afghanistan under dark of night in late 2006, special-operations Master Sgt. Andrew Martin called in air support and then slapped a high-tech cloth-like device on his helmet for protection.
 
Clothing IDs friends for military
Feb 20 2008 5:18AM (CT)
DAYTON, Ohio (AP) - When Taliban forces attacked a police checkpoint in central Afghanistan under dark of night in late 2006, special-operations Master Sgt. Andrew Martin called in air support and then slapped a high-tech cloth-like device on his helmet for protection.
 
Court order on Ark. chicken waste sought
Feb 20 2008 5:11AM (CT)
TULSA, Okla. (AP) - More than a dozen Arkansas-based poultry companies have violated state and federal laws limiting the disposal of animal waste in the Illinois River watershed, argues Oklahoma's attorney general.
 
Airbus expects '08 plane orders to halve
Feb 20 2008 3:35AM (CT)
SINGAPORE (AP) - Airbus said Wednesday it expects half as many orders for new planes in 2008 as it got last year after receiving record orders in recent years and amid slower global growth.
 
Airbus expects '08 plane orders to halve
Feb 20 2008 3:35AM (CT)
SINGAPORE (AP) - Airbus said Wednesday it expects half as many orders for new planes in 2008 as it got last year after receiving record orders in recent years and amid slower global growth.
 
Airbus expects '08 plane orders to halve
Feb 20 2008 3:35AM (CT)
SINGAPORE (AP) - Airbus said Wednesday it expects half as many orders for new planes in 2008 as it got last year after receiving record orders in recent years and amid slower global growth.
 
Student loan stress reshapes industry
Feb 20 2008 1:12AM (CT)
WASHINGTON (AP) - The supply of education loans is shrinking as credit tightens, creating an opportunity for Sallie Mae and some big banks to pick up market share as some lenders retrench. College-bound students are the ones who might get squeezed in the process.
 
S.Africa's currency falls despite riches
Feb 20 2008 12:49AM (CT)
JOHANNESBURG, South Africa (AP) - South Africa is sitting on gold, platinum and other minerals that are selling at record prices on world markets, yet its economy is, quite literally, underpowered.
 
S.Africa's currency falls despite riches
Feb 20 2008 12:49AM (CT)
JOHANNESBURG, South Africa (AP) - South Africa is sitting on gold, platinum and other minerals that are selling at record prices on world markets, yet its economy is, quite literally, underpowered.
 
   

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