Latest Business News
Economic Figures
Dollar & Gold News
Board of Trade News
Personal Finance
|
|
|
|
|
|
Strong currency hurts Petrobras' profits
Mar 3 2008 10:21PM (CT)
SAO PAULO, Brazil (AP) - Brazil's state-run oil company said Monday its profits fell 4 percent in the fourth quarter and 17 percent in 2007 as the country's strengthening currency eroded soaring dollar profits fed by record oil prices.
|
|
|
Strong currency hurts Petrobras' profits
Mar 3 2008 10:21PM (CT)
SAO PAULO, Brazil (AP) - Brazil's state-run oil company said Monday its profits fell 4 percent in the fourth quarter and 17 percent in 2007 as the country's strengthening currency eroded soaring dollar profits fed by record oil prices.
|
|
|
Diebold shares soar on UTC's $2.63B bid
Mar 3 2008 7:00PM (CT)
HARTFORD, Conn. (AP) - Diebold Inc. may find it impossible to resist a $2.63 billion buyout offer by United Technologies Corp., which is aggressively seeking to expand its security business in Asia, observers said Monday.
|
|
|
Diebold shares soar on UTC's $2.63B bid
Mar 3 2008 7:00PM (CT)
HARTFORD, Conn. (AP) - Diebold Inc. may find it impossible to resist a $2.63 billion buyout offer by United Technologies Corp., which is aggressively seeking to expand its security business in Asia, observers said Monday.
|
|
|
Euro nations "concerned" at euro's high
Mar 3 2008 6:22PM (CT)
BRUSSELS, Belgium (AP) - Finance ministers from euro nations said Monday they were "concerned" about the strength of their currency as it hit an all-time high against the U.S. dollar.
|
|
|
Euro nations "concerned" at euro's high
Mar 3 2008 6:22PM (CT)
BRUSSELS, Belgium (AP) - Finance ministers from euro nations said Monday they were "concerned" about the strength of their currency as it hit an all-time high against the U.S. dollar.
|
|
|
Automakers suffer February double whammy
Mar 3 2008 6:04PM (CT)
DETROIT (AP) - Automakers got hit where it hurts in February, with U.S. sales of their most profitable vehicles _ trucks, sport utilities and large sedans _ plunging as consumers reacted to high gas prices and the possible recession. General Motors Corp. and Ford Motor Co. announced second-quarter production cuts in the face of the falling sales.
|
|
|
Automakers suffer February double whammy
Mar 3 2008 6:04PM (CT)
DETROIT (AP) - Automakers got hit where it hurts in February, with U.S. sales of their most profitable vehicles _ trucks, sport utilities and large sedans _ plunging as consumers reacted to high gas prices and the possible recession. General Motors Corp. and Ford Motor Co. announced second-quarter production cuts in the face of the falling sales.
|
|
|
Automakers suffer February double whammy
Mar 3 2008 6:04PM (CT)
DETROIT (AP) - Automakers got hit where it hurts in February, with U.S. sales of their most profitable vehicles _ trucks, sport utilities and large sedans _ plunging as consumers reacted to high gas prices and the possible recession. General Motors Corp. and Ford Motor Co. announced second-quarter production cuts in the face of the falling sales.
|
|
|
Automakers suffer February double whammy
Mar 3 2008 6:04PM (CT)
DETROIT (AP) - Automakers got hit where it hurts in February, with U.S. sales of their most profitable vehicles _ trucks, sport utilities and large sedans _ plunging as consumers reacted to high gas prices and the possible recession. General Motors Corp. and Ford Motor Co. announced second-quarter production cuts in the face of the falling sales.
|
|
|
Automakers suffer February double whammy
Mar 3 2008 6:04PM (CT)
DETROIT (AP) - Automakers got hit where it hurts in February, with U.S. sales of their most profitable vehicles _ trucks, sport utilities and large sedans _ plunging as consumers reacted to high gas prices and the possible recession. General Motors Corp. and Ford Motor Co. announced second-quarter production cuts in the face of the falling sales.
|
|
|
Automakers suffer February double whammy
Mar 3 2008 6:04PM (CT)
DETROIT (AP) - Automakers got hit where it hurts in February, with U.S. sales of their most profitable vehicles _ trucks, sport utilities and large sedans _ plunging as consumers reacted to high gas prices and the possible recession. General Motors Corp. and Ford Motor Co. announced second-quarter production cuts in the face of the falling sales.
|
|
|
Bankruptcy makes gift cards worthless
Mar 3 2008 5:54PM (CT)
NEW YORK (AP) - You know that Sharper Image gift card you got for Christmas? Right now, it's worthless. And other gift cards in your wallet could lose their value, too.
|
|
|
Bankruptcy makes gift cards worthless
Mar 3 2008 5:54PM (CT)
NEW YORK (AP) - You know that Sharper Image gift card you got for Christmas? Right now, it's worthless. And other gift cards in your wallet could lose their value, too.
|
|
|
Bankruptcy makes gift cards worthless
Mar 3 2008 5:54PM (CT)
NEW YORK (AP) - You know that Sharper Image gift card you got for Christmas? Right now, it's worthless. And other gift cards in your wallet could lose their value, too.
|
|
|
Bankruptcy makes gift cards worthless
Mar 3 2008 5:54PM (CT)
NEW YORK (AP) - You know that Sharper Image gift card you got for Christmas? Right now, it's worthless. And other gift cards in your wallet could lose their value, too.
|
|
|
Bankruptcy makes gift cards worthless
Mar 3 2008 5:54PM (CT)
NEW YORK (AP) - You know that Sharper Image gift card you got for Christmas? Right now, it's worthless. And other gift cards in your wallet could lose their value, too.
|
|
|
Bankruptcy makes gift cards worthless
Mar 3 2008 5:54PM (CT)
NEW YORK (AP) - You know that Sharper Image gift card you got for Christmas? Right now, it's worthless. And other gift cards in your wallet could lose their value, too.
|
|
|
Porsche targets VW, which pursues Scania
Mar 3 2008 5:52PM (CT)
BERLIN (AP) - Europe could see a new automobile and truck empire emerge after Porsche got clearance from its board Monday to take a majority stake in Volkswagen _ just as VW said it would amass a controlling interest in Swedish truckmaker Scania.
|
|
|
Porsche targets VW, which pursues Scania
Mar 3 2008 5:52PM (CT)
BERLIN (AP) - Europe could see a new automobile and truck empire emerge after Porsche got clearance from its board Monday to take a majority stake in Volkswagen _ just as VW said it would amass a controlling interest in Swedish truckmaker Scania.
|
|
|
Treasurys pause from recent rally
Mar 3 2008 5:37PM (CT)
NEW YORK (AP) - Long-term Treasurys fell Monday as investors pulled back from a recent robust rally to take profits and plot their next moves.
|
|
|
Buffett: US essentially in recession
Mar 3 2008 5:32PM (CT)
OMAHA, Neb. (AP) - Billionaire Warren Buffett said Monday that the U.S. economy is essentially in a recession even if it hasn't met the technical definition of one yet.
|
|
|
Genesco, Finish Line agree to settlement
Mar 3 2008 5:15PM (CT)
NASHVILLE, Tenn. (AP) - Genesco Inc. announced on Monday it has agreed to end a legal battle to compel Finish Line Inc. and UBS AG to proceed with a proposed $1.5 billion buyout of the specialty retailer.
|
|
|
Fed urges timely reports on loan changes
Mar 3 2008 5:02PM (CT)
WASHINGTON (AP) - The Federal Reserve urged banks that service subprime mortgage loans to report on loan modifications in a "consistent way" to help monitor the effectiveness of relief efforts to struggling homeowners.
|
|
|
Fed urges timely reports on loan changes
Mar 3 2008 5:02PM (CT)
WASHINGTON (AP) - The Federal Reserve urged banks that service subprime mortgage loans to report on loan modifications in a "consistent way" to help monitor the effectiveness of relief efforts to struggling homeowners.
|
|
|
Oil hits record high, hurting nearly all
Mar 3 2008 4:48PM (CT)
WASHINGTON (AP) - The price of oil gushed to a record high Monday, spreading dangerously to factories, groceries, gas stations and every citizen's pocketbook.
|
|
|
Dollar hits historic lows, again
Mar 3 2008 4:41PM (CT)
NEW YORK (AP) - The dollar briefly fell to historic levels Monday on news that construction spending took its biggest nosedive in 14 years, extending a string of record lows for the U.S. currency.
|
|
|
Merck says 44K sign for Vioxx settlement
Mar 3 2008 4:39PM (CT)
NEW ORLEANS (AP) - More than 44,000 people have signed up for shares of a $4.85 billion settlement over the withdrawn painkiller Vioxx, a sign that the deal is on track to go forward, Merck & Co. announced Monday.
|
|
|
Gold nears $1,000 on weak dollar
Mar 3 2008 4:25PM (CT)
NEW YORK (AP) - Gold prices moved within striking distance of $1,000 an ounce Monday, surging to another record after the dollar tumbled to an all-time low against the euro and crude oil surpassed its inflation-adjusted high.
|
|
|
Gold nears $1,000 on weak dollar
Mar 3 2008 4:25PM (CT)
NEW YORK (AP) - Gold prices moved within striking distance of $1,000 an ounce Monday, surging to another record after the dollar tumbled to an all-time low against the euro and crude oil surpassed its inflation-adjusted high.
|
|
|
US manufacturing contracted in February
Mar 3 2008 12:54PM (CT)
NEW YORK (AP) - U.S. manufacturing activity declined in February to its weakest level in nearly five years, an industry group survey showed Monday, heralding more instability in the job market and frailty in the overall economy.
|
|
|
US manufacturing contracted in February
Mar 3 2008 12:54PM (CT)
NEW YORK (AP) - U.S. manufacturing activity declined in February to its weakest level in nearly five years, an industry group survey showed Monday, heralding more instability in the job market and frailty in the overall economy.
|
|
|
US manufacturing contracted in February
Mar 3 2008 12:54PM (CT)
NEW YORK (AP) - U.S. manufacturing activity declined in February to its weakest level in nearly five years, an industry group survey showed Monday, heralding more instability in the job market and frailty in the overall economy.
|
|
|
US manufacturing contracted in February
Mar 3 2008 12:54PM (CT)
NEW YORK (AP) - U.S. manufacturing activity declined in February to its weakest level in nearly five years, an industry group survey showed Monday, heralding more instability in the job market and frailty in the overall economy.
|
|
|
Credit crunch worries economists
Mar 3 2008 9:40AM (CT)
WASHINGTON (AP) - The cascading fallout from the subprime loan crisis, barely a cloud on the horizon a year ago, is now viewed by experts as the economy's gravest threat.
|
|
|
US, EU file new trade case against China
Mar 3 2008 9:05AM (CT)
GENEVA (AP) - The United States and European Union filed a WTO case against China on Monday demanding that it loosen restraints on foreign companies vying for a greater slice of the country's lucrative market for financial information.
|
|
|
EADS shares surge on $40B US contract
Mar 3 2008 7:58AM (CT)
PARIS (AP) - Shares of Airbus' parent company surged Monday after the French planemaker snatched a $40 billion U.S. Air Force contract from its American rival, the Boeing Co.
|
|
|
Long workweeks keeping Americans up late
Mar 3 2008 7:41AM (CT)
NEW YORK (AP) - Hey you! Dozing at your desk! Wake up, go home and get more sleep! That could be the message from a survey released Monday by the National Sleep Foundation. The survey of 1,000 people found participants average six hours and 40 minutes of sleep a night on weeknights, even though they estimated they'd need roughly another 40 minutes of sleep to be at their best.
|
|
|
States combat drug reps to cut costs
Mar 3 2008 7:09AM (CT)
ENOLA, Pa. (AP) - Leigh Bradshaw could be mistaken for a drug-company sales rep as she pulls out charts and leaflets to tell Dr. Ernest Josef about the costs and benefits of various cholesterol-lowering drugs.
|
|
|
Indonesia wants to end Newmont contract
Mar 3 2008 7:00AM (CT)
JAKARTA, Indonesia (AP) - Indonesia threatened to terminate the operating contract of Newmont Mining Corp. after the U.S. gold-producing giant failed to meet a Monday deadline to divest a 10 percent stake in one of its subsidiaries.
|
|
|
Farmers helper: the flying cockroach
Mar 3 2008 6:57AM (CT)
LUBBOCK, Texas (AP) - Loathed by homeowner and restaurateur, the lowly cockroach is gaining some respect in the agricultural community.
|
|
|
Farmers helper: the flying cockroach
Mar 3 2008 6:57AM (CT)
LUBBOCK, Texas (AP) - Loathed by homeowner and restaurateur, the lowly cockroach is gaining some respect in the agricultural community.
|
|
|
Miner Oxiana spends $5.8B for Zinifex
Mar 3 2008 6:55AM (CT)
MELBOURNE, Australia (AP) - Australian miner Oxiana Ltd. will buy rival Zinifex Ltd. in a share swap worth $5.8 billion, the two companies said Monday, creating the world's second-largest producer of zinc.
|
|
|
Subprimes don't eclipse HSBC 2007 profit
Mar 3 2008 6:48AM (CT)
LONDON (AP) - Banking group HSBC Holdings PLC said Monday that profit rose 21 percent in 2007 in the face of hefty impairments on subprime and other loans in North America.
|
|
|
Subprimes don't eclipse HSBC 2007 profit
Mar 3 2008 6:48AM (CT)
LONDON (AP) - Banking group HSBC Holdings PLC said Monday that profit rose 21 percent in 2007 in the face of hefty impairments on subprime and other loans in North America.
|
|
|
Asian markets tumble on Wall Street drop
Mar 3 2008 5:52AM (CT)
SEOUL, South Korea (AP) - Asian and European markets tumbled Monday as investors reacted nervously to a steep decline on Wall Street Friday after disappointing economic and corporate news rekindled worries about a U.S. recession.
|
|
|
Asian markets tumble on Wall Street drop
Mar 3 2008 5:52AM (CT)
SEOUL, South Korea (AP) - Asian and European markets tumbled Monday as investors reacted nervously to a steep decline on Wall Street Friday after disappointing economic and corporate news rekindled worries about a U.S. recession.
|
|
|
Asian markets tumble on Wall Street drop
Mar 3 2008 5:52AM (CT)
SEOUL, South Korea (AP) - Asian and European markets tumbled Monday as investors reacted nervously to a steep decline on Wall Street Friday after disappointing economic and corporate news rekindled worries about a U.S. recession.
|
|
|
Asian markets tumble on Wall Street drop
Mar 3 2008 5:52AM (CT)
SEOUL, South Korea (AP) - Asian and European markets tumbled Monday as investors reacted nervously to a steep decline on Wall Street Friday after disappointing economic and corporate news rekindled worries about a U.S. recession.
|
|
|
Asian markets tumble on Wall Street drop
Mar 3 2008 5:52AM (CT)
SEOUL, South Korea (AP) - Asian and European markets tumbled Monday as investors reacted nervously to a steep decline on Wall Street Friday after disappointing economic and corporate news rekindled worries about a U.S. recession.
|
|
|
Asian markets tumble on Wall Street drop
Mar 3 2008 5:52AM (CT)
SEOUL, South Korea (AP) - Asian and European markets tumbled Monday as investors reacted nervously to a steep decline on Wall Street Friday after disappointing economic and corporate news rekindled worries about a U.S. recession.
|
|
|
Asian markets tumble on Wall Street drop
Mar 3 2008 5:52AM (CT)
SEOUL, South Korea (AP) - Asian and European markets tumbled Monday as investors reacted nervously to a steep decline on Wall Street Friday after disappointing economic and corporate news rekindled worries about a U.S. recession.
|
|
|
Asian markets tumble on Wall Street drop
Mar 3 2008 5:52AM (CT)
SEOUL, South Korea (AP) - Asian and European markets tumbled Monday as investors reacted nervously to a steep decline on Wall Street Friday after disappointing economic and corporate news rekindled worries about a U.S. recession.
|
|
|
Asian markets tumble on Wall Street drop
Mar 3 2008 5:52AM (CT)
SEOUL, South Korea (AP) - Asian and European markets tumbled Monday as investors reacted nervously to a steep decline on Wall Street Friday after disappointing economic and corporate news rekindled worries about a U.S. recession.
|
|
|
Asian markets tumble on Wall Street drop
Mar 3 2008 5:52AM (CT)
SEOUL, South Korea (AP) - Asian and European markets tumbled Monday as investors reacted nervously to a steep decline on Wall Street Friday after disappointing economic and corporate news rekindled worries about a U.S. recession.
|
|
|
Asian markets tumble on Wall Street drop
Mar 3 2008 5:52AM (CT)
SEOUL, South Korea (AP) - Asian and European markets tumbled Monday as investors reacted nervously to a steep decline on Wall Street Friday after disappointing economic and corporate news rekindled worries about a U.S. recession.
|
|
|
Asian markets tumble on Wall Street drop
Mar 3 2008 5:52AM (CT)
SEOUL, South Korea (AP) - Asian and European markets tumbled Monday as investors reacted nervously to a steep decline on Wall Street Friday after disappointing economic and corporate news rekindled worries about a U.S. recession.
|
|
|
Asian markets tumble on Wall Street drop
Mar 3 2008 5:52AM (CT)
SEOUL, South Korea (AP) - Asian and European markets tumbled Monday as investors reacted nervously to a steep decline on Wall Street Friday after disappointing economic and corporate news rekindled worries about a U.S. recession.
|
|
|
Japan's stock index dives 4.5 percent
Mar 3 2008 5:03AM (CT)
TOKYO (AP) - Japan's main stock index fell 4.5 percent Monday to a five-week low, tracking Wall Street's losses at the end of last week amid persistent concerns about the U.S. economy.
|
|
|
Pols: Govt here to help, not bail out
Mar 3 2008 4:58AM (CT)
WASHINGTON (AP) - Bailout is a dirty word in the nation's capital. Lately, efforts by both Democrats and Republicans to clean up the housing mess are getting sullied with the b-word.
|
|
|
Weak dollar hurts smaller European firms
Mar 3 2008 3:26AM (CT)
DUBLIN, Ireland (AP) - Hugh Quinn has seen the ever-weakening dollar shatter his ability to sell hand-cut Irish lead crystal to American customers.
|
|
|
Ethanol giant ADM holding fast
Mar 3 2008 3:10AM (CT)
CHAMPAIGN, Ill. (AP) - On a conference call back in early November, Archer Daniels Midland Chief Executive Patricia Woertz sounded like an ethanol bull on the prowl for a bargain.
|
|
|
Payday loan foes aim at car-title loans
Mar 3 2008 3:08AM (CT)
MONTVALE, Va. (AP) - The Dodge pickup has rust on the tailgate and a Harley-Davidson sticker on its back windshield. Beside it sits a Honda Accord with a big, white butterfly on the windshield and American flag butterflies on each side of the trunk.
|
|
|
Okla. fight over poultry waste escalates
Mar 3 2008 2:38AM (CT)
COLCORD, Okla. (AP) - In a region that produces billions of pounds of the nation's poultry, part of doing business for the past half-century was trying to ignore the smelly waste dropped by the birds.
|
|
|
Snake eyes: AC's hot hand may be cooling
Mar 3 2008 2:37AM (CT)
ATLANTIC CITY, N.J. (AP) - Unlike gamblers on a hot streak who think the good times will never end, the casinos know better. Yet companies have forged on with plans to spend at least $9 billion on a wave of new casino projects in the country's second-largest gambling destination, even as not-so-subtle signs were surfacing that it might be time to walk away from the table for a while.
|
|
|
Mexico abruptly restricts car imports
Mar 3 2008 1:23AM (CT)
HIDALGO, Texas (AP) - Some are dented, scratched and rusty. Others rattle and belch under faded paint jobs. But the "'98" soaped onto their windshields and a surprise change in Mexican import rules have turned a single year's worth of used cars into pick of the used-car lot.
|
|
|
Mexico abruptly restricts car imports
Mar 3 2008 1:23AM (CT)
HIDALGO, Texas (AP) - Some are dented, scratched and rusty. Others rattle and belch under faded paint jobs. But the "'98" soaped onto their windshields and a surprise change in Mexican import rules have turned a single year's worth of used cars into pick of the used-car lot.
|
|
|
Mexico abruptly restricts car imports
Mar 3 2008 1:23AM (CT)
HIDALGO, Texas (AP) - Some are dented, scratched and rusty. Others rattle and belch under faded paint jobs. But the "'98" soaped onto their windshields and a surprise change in Mexican import rules have turned a single year's worth of used cars into pick of the used-car lot.
|
|
|
|
|
|