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Koizumi denies Japan has beaten deflation
Feb 26 2006 11:54PM (CT)
TOKYO (AP) - Japanese Prime Minister Junichiro Koizumi on Monday contradicted his economy minister's assertion that the country has overcome deflation _ a key issue as the central bank suggests it will soon end its super-easy monetary policy.
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Iraq to resume imports of Aussie wheat
Feb 26 2006 11:46PM (CT)
SYDNEY, Australia (AP) - Iraq has agreed to resume imports of Australian wheat as long as they aren't handled by the monopoly wheat exporter at the center of an inquiry into alleged corruption under the U.N. oil-for-food program, the government said Monday.
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Gaz de France, Suez greenlight merger
Feb 26 2006 11:13PM (CT)
PARIS (AP) - The boards of French state-owned gas producer Gaz de France and the utility company Suez gave initial approval Sunday to a merger plan announced this weekend by France's prime minister.
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KT&G rejects Icahn's takeover bid
Feb 26 2006 11:10PM (CT)
SEOUL, South Korea (AP) - South Korea's KT&G Corp. on Monday rejected an unsolicited takeover bid by a group of investors led by U.S. billionaire Carl Icahn.
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Smaller brands rise in electronics market
Feb 26 2006 11:03PM (CT)
SAN JOSE, Calif. (AP) - Steve Forman is getting ready to join the flat-panel television craze. Lower-priced 42-inch models are top candidates.
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Wal-Mart urges governors on health care
Feb 26 2006 10:41PM (CT)
WASHINGTON (AP) - Wal-Mart's chief executive told America's governors on Sunday that he needs their help to make health care more affordable and accessible for the retail giant's 1.3 million U.S. employees because the company can't do it alone.
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Japanese stocks edge up; dollar down
Feb 26 2006 9:50PM (CT)
TOKYO (AP) - Japanese stocks edged up at midday Monday, as strong performance from steel stocks pulled the market higher. The dollar was down against the yen.
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Report: Japanese firm to buy Pilkington
Feb 26 2006 7:06PM (CT)
NEW YORK (AP) - Nippon Sheet Glass Co. of Japan has sealed a $3.8 billion deal to acquire Pilkington PLC of Britain, a global company that makes glass for cars and buildings, The Wall Street Journal reported Sunday.
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Stream of economic data to test investors
Feb 26 2006 6:22PM (CT)
NEW YORK (AP) - Wall Street's bullish side charged to the fore last week, with the major indexes showing impressive resiliency. Even though the week ended with the major indexes narrowly mixed, the markets withstood a barrage of bad economic news, as well as crude oil futures that surged to nearly $63 per barrel on Friday.
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Mittal chief: Takeover opposition softens
Feb 26 2006 6:13PM (CT)
CHICAGO (AP) - Opposition to the disputed proposal to combine the world's two largest steel manufacturers is softening, the president of Mittal Steel Co. maintained Sunday in defending his firm's hostile takeover bid for rival Arcelor SA.
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Environmental firm warns on Peru pipeline
Feb 26 2006 3:39PM (CT)
WASHINGTON (AP) - A natural gas pipeline project in Peru's southern Amazon that has suffered four leaks in its first 15 months of operation could rupture again at six different points due to poor construction, according to an environmental consultancy firm.
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Venezuela prepared to stop U.S. exports
Feb 26 2006 3:38PM (CT)
CARACAS, Venezuela (AP) - Venezuela could easily sell oil to markets other than the United States and is prepared to end exports to its No. 1 buyer if needed, the oil minister said in comments published Sunday.
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Dubai's growth hinges on state-run cos.
Feb 26 2006 3:35PM (CT)
DUBAI, United Arab Emirates (AP) - Dubai Ports World's $6.8 billion purchase of Britain's P&O is drawing heightened scrutiny because it includes the takeover of significant operations at six U.S. ports. But the deal represents just a small part of this desert city-state's headlong rush into global investing _ a rush almost without precedent.
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Gas prices drop 6 cents nationally
Feb 26 2006 2:55PM (CT)
CAMARILLO, Calif. (AP) - Retail gas prices across the country dropped an average of 6 cents in the past two weeks, according to a new survey.
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Lawmakers let public in on tax debate
Feb 26 2006 2:53PM (CT)
JUNEAU, Alaska (AP) - After three days of hearing Gov. Frank Murkowski's administrators pitch his plan to tax oil companies' net profits, state legislators gave regular Alaskans a chance to weigh in.
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Airbus A320 outshines Boeing's 737
Feb 26 2006 2:49PM (CT)
SINGAPORE (AP) - Boeing's 737 passenger plane, which has seen deliveries top 5,000 since it entered service 38 years ago, has always been touted by its U.S. makers as the world's most popular commercial jet.
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No criminal intent, Enron lawyers insist
Feb 26 2006 2:47PM (CT)
HOUSTON (AP) - A month into the fraud and conspiracy trial of Enron Corp. founder Kenneth Lay and former Chief Executive Jeffrey Skilling, their defense teams keep hammering away at a consistent theme: Complex financial structures and deals that prosecutors allege hid the company's failing health were blessed by in-house and outside lawyers and accountants.
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Will investors buy into Burger King future?
Feb 26 2006 2:38PM (CT)
MIAMI (AP) - The difference at Burger King since Greg Brenneman took over in 2004 is clear: profits are small but growing, the company and its franchisees are in better financial health and the world's second-largest hamburger chain has lots of advertising buzz and popular new products.
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Flash and frugality at Geneva auto show
Feb 26 2006 2:32PM (CT)
GENEVA (AP) - Automakers will be showing off their flash and frugality side by side at the Geneva auto show as they introduce edgy models aimed at drivers looking for style.
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Artisanal cheese makers spread across U.S.
Feb 26 2006 2:06PM (CT)
ROCKPORT, Maine (AP) - Franklin Peluso uses his hands to squeeze and press heaping mounds of curds and whey to get the moisture content and texture just right as he makes up a batch of his brie-like cheese in a region best known for its cheddars.
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Limits would be placed on Dubai company
Feb 26 2006 1:40PM (CT)
NEW YORK (AP) - The ship terminals that ring New York Harbor have been offered as Exhibit A by critics who say it would be crazy to allow a United Arab Emirates company to play a major role in operating U.S. ports. No other spot on the East Coast handles so much cargo, from so many nations, so close to America's No. 1 terrorist target.
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Venezuela to buy back Brady bonds
Feb 26 2006 12:52PM (CT)
CARACAS, Venezuela (AP) - Venezuela plans to buy back its outstanding debt in two types of Brady bonds as the country uses proceeds from high oil prices to pay off its foreign debt.
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Venezuela delays airline ban until March
Feb 26 2006 12:52PM (CT)
CARACAS, Venezuela (AP) - Venezuelan authorities have delayed a ban on flights by most U.S. airlines to the South American country until March 30 to allow talks with carriers on the restrictions.
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