Latest Business News
Economic Figures
Dollar & Gold News
Board of Trade News
Personal Finance
|
|
|
|
|
|
Some banks cancel complex card billing
Mar 6 2007 11:03PM (CT)
WASHINGTON (AP) - Amid heightened scrutiny from Congress, some major banks recently have begun to eliminate or temper some complex billing and interest-rate practices for credit cards that confound consumers and can push them deeper into debt, two senators said Tuesday.
|
|
|
Topps accepts $385.4M takeover bid
Mar 6 2007 11:00PM (CT)
NEW YORK (AP) - The Topps Co., maker of baseball cards and Bazooka bubble gum, said Tuesday it accepted a $385.4 million takeover offer from a buyout group that includes former Disney CEO Michael Eisner, but the deal drew immediate opposition from one of its own board members.
|
|
|
Topps accepts $385.4M takeover bid
Mar 6 2007 11:00PM (CT)
NEW YORK (AP) - The Topps Co., maker of baseball cards and Bazooka bubble gum, said Tuesday it accepted a $385.4 million takeover offer from a buyout group that includes former Disney CEO Michael Eisner, but the deal drew immediate opposition from one of its own board members.
|
|
|
Paulson says global economy is strong
Mar 6 2007 9:54PM (CT)
SEOUL, South Korea (AP) - U.S. Treasury Secretary Henry Paulson expressed confidence Wednesday in the global economy, calling it strong and characterized by low inflation. "We have a very strong global economy," Paulson told reporters after meeting South Korean Finance Minister Kwon O-kyu. "We have a global economy with low inflation, high levels of liquidity and I feel very comfortable with the global economy."
|
|
|
Bausch & Lomb recalls some lens cleaner
Mar 6 2007 7:02PM (CT)
ROCHESTER, N.Y. (AP) - Bausch & Lomb Inc., already humbled by a worldwide recall of its ReNu with MoistureLoc contact lens solution, said Tuesday it is recalling about 1.5 million bottles of ReNu MultiPlus because trace amounts of iron could cause the cleaner to lose effectiveness earlier than normal.
|
|
|
UnitedHealth cuts $1.5B from profits
Mar 6 2007 6:58PM (CT)
MINNEAPOLIS (AP) - Insurer UnitedHealth Group lopped as much as $1.5 billion off its historical earnings as it finished its accounting for backdated stock options on Tuesday.
|
|
|
Best Buy Web site pricing probed
Mar 6 2007 6:51PM (CT)
MINNEAPOLIS (AP) - Best Buy is under investigation by Connecticut's attorney general after consumers complained they were denied deals found at the electronic retailer's Web site by store employees who pulled up a lookalike site that listed higher prices on some merchandise.
|
|
|
Official: Chrysler's finances examined
Mar 6 2007 6:46PM (CT)
DETROIT (AP) - As two private equity firms examine Chrysler's books and consider making offers to buy the company this week, they'll try to answer a question whose answer is uncertain: How much is the automaker worth?
|
|
|
Oil prices rise as stocks rebound
Mar 6 2007 6:45PM (CT)
NEW YORK (AP) - Oil prices rose Tuesday as global stock markets recovered some ground after weeklong declines, and strategists pointed out that gasoline stocks are slipping while demand keeps rising.
|
|
|
Bernanke: Toughen up on mortgage giants
Mar 6 2007 6:10PM (CT)
WASHINGTON (AP) - Federal Reserve Chairman Ben Bernanke urged Congress on Tuesday to bolster regulation of mortgage giants Fannie Mae and Freddie Mac, and suggested limiting their massive holdings to guard against any danger their debt poses to the overall economy.
|
|
|
Defibrillator maker announces recall
Mar 6 2007 5:36PM (CT)
WASHINGTON (AP) - A serious software problem with two models of automatic external defibrillators has led their manufacturer to recall thousands of the devices distributed worldwide.
|
|
|
Brown-Forman 3Q profit falls
Mar 6 2007 5:30PM (CT)
LOUISVILLE, Ky. (AP) - Brown-Forman Corp., whose brands include Jack Daniel's Tennessee Whiskey, Southern Comfort and Finlandia vodka, reported a 13 percent drop Tuesday in third-quarter profit from results a year ago that got a lift from onetime gains.
|
|
|
Spirit charges for baggage, cuts fares
Mar 6 2007 5:29PM (CT)
FORT LAUDERDALE, Fla. (AP) - Spirit Airlines said Tuesday it will take the unusual step of charging for all checked baggage and for drinks such as coffee and soda on flights starting in June, while also cutting fares by up to 40 percent.
|
|
|
Spirit charges for baggage, cuts fares
Mar 6 2007 5:29PM (CT)
FORT LAUDERDALE, Fla. (AP) - Spirit Airlines said Tuesday it will take the unusual step of charging for all checked baggage and for drinks such as coffee and soda on flights starting in June, while also cutting fares by up to 40 percent.
|
|
|
Lenders take beating in subprime fallout
Mar 6 2007 2:54PM (CT)
NEW YORK (AP) - In a March 5 story about the problems faced by subprime lenders, The Associated Press erroneously reported the decline this year in shares of lender Novastar Financial Inc. Its stock, including Monday's plunge, was down about 80 percent, not 40 percent.
|
|
|
Lawmaker urges disclosure on 401(k) fees
Mar 6 2007 2:43PM (CT)
WASHINGTON (AP) - A key House lawmaker said Tuesday that Congress needs to consider making companies that manage 401(k) plans give clearer and more complete information on fees, which can drain thousands of dollars from a worker's retirement savings.
|
|
|
Allied Irish Banks profit surges 63 pct
Mar 6 2007 2:19PM (CT)
DUBLIN, Ireland (AP) - Allied Irish Banks PLC, Ireland's largest company, said Tuesday its full-year 2006 profit surged on strong gains in loans, deposits and investment activity across all its units.
|
|
|
Allied Irish Banks profit surges 63 pct
Mar 6 2007 2:19PM (CT)
DUBLIN, Ireland (AP) - Allied Irish Banks PLC, Ireland's largest company, said Tuesday its full-year 2006 profit surged on strong gains in loans, deposits and investment activity across all its units.
|
|
|
DCX CEO: Chrysler plan will work
Mar 6 2007 1:50PM (CT)
GENEVA (AP) - DaimlerChrysler AG Chief Executive Dieter Zetsche said Tuesday he is confident the plan to re-energize Chrysler will work, but reiterated that all options for the unprofitable U.S. division were still being considered.
|
|
|
Students paying internship search firms
Mar 6 2007 12:28PM (CT)
MILWAUKEE (AP) - Claire Richardson knew this summer would cost her money. Whether she chose to take an unpaid internship, study abroad or stay at Southern Methodist University and take summer classes, she and her parents would have to pay.
|
|
|
Students paying internship search firms
Mar 6 2007 12:28PM (CT)
MILWAUKEE (AP) - Claire Richardson knew this summer would cost her money. Whether she chose to take an unpaid internship, study abroad or stay at Southern Methodist University and take summer classes, she and her parents would have to pay.
|
|
|
Students paying internship search firms
Mar 6 2007 12:28PM (CT)
MILWAUKEE (AP) - Claire Richardson knew this summer would cost her money. Whether she chose to take an unpaid internship, study abroad or stay at Southern Methodist University and take summer classes, she and her parents would have to pay.
|
|
|
World markets stage a moderate comeback
Mar 6 2007 11:32AM (CT)
LONDON (AP) - European, U.S. and Asian stocks rallied Tuesday as global markets began to reverse a weeklong selloff, fanning hopes that the trading turmoil may finally subside.
|
|
|
Factory orders dive amid broad declines
Mar 6 2007 10:28AM (CT)
WASHINGTON (AP) - Orders to U.S. factories fell by the largest amount in 6 1/2 years in January, reflecting widespread declines across a number of industries.
|
|
|
Citigroup to launch Nikko Cordial offer
Mar 6 2007 8:25AM (CT)
TOKYO (AP) - Citigroup plans to offer up to $10.8 billion for scandal-tainted Nikko Cordial in a deal that would be the biggest foreign acquisition of a Japanese brokerage.
|
|
|
Citigroup to launch Nikko Cordial offer
Mar 6 2007 8:25AM (CT)
TOKYO (AP) - Citigroup plans to offer up to $10.8 billion for scandal-tainted Nikko Cordial in a deal that would be the biggest foreign acquisition of a Japanese brokerage.
|
|
|
Groups launch credit awareness campaign
Mar 6 2007 7:14AM (CT)
WASHINGTON (AP) - A coalition of consumer and civil rights groups says it plans to launch a national campaign Tuesday to highlight what they consider abusive and predatory lending practices in the banking, credit card and mortgage industries.
|
|
|
Conrad Black confident he'll be cleared
Mar 6 2007 1:10AM (CT)
LONDON (AP) - Former media baron Conrad Black says he is confident a jury will clear him of fraud at his upcoming trial in the United States.
|
|
|
|
|
|