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ConAgra extends peanut butter recall
Mar 9 2007 11:22PM (CT)
WASHINGTON (AP) - ConAgra Foods Inc. has extended its recall of all peanut butter produced at a plant in Georgia by more than a year, back to October 2004, the Food and Drug Administration said Friday.
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Goodyear CEO gets $11.7 million in 2006
Mar 9 2007 10:45PM (CT)
CLEVELAND (AP) - Goodyear Tire & Rubber Co. Chairman and Chief Executive Robert J. Keegan, who guided the tire maker through a costly three-month strike, received executive compensation valued at $11.7 million during 2006, according to a regulatory filing Friday.
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Goodyear CEO gets $11.7 million in 2006
Mar 9 2007 10:45PM (CT)
CLEVELAND (AP) - Goodyear Tire & Rubber Co. Chairman and Chief Executive Robert J. Keegan, who guided the tire maker through a costly three-month strike, received executive compensation valued at $11.7 million during 2006, according to a regulatory filing Friday.
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Wal-Mart CEO gets $22M stock bonus
Mar 9 2007 9:10PM (CT)
BENTONVILLE, Ark. (AP) - Wal-Mart Stores Inc. has awarded it chief executive officer a stock bonus worth $22 million for reaching revenue targets, the retail giant disclosed Friday in a regulatory filing.
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Wal-Mart CEO gets $22M stock bonus
Mar 9 2007 9:10PM (CT)
BENTONVILLE, Ark. (AP) - Wal-Mart Stores Inc. has awarded it chief executive officer a stock bonus worth $22 million for reaching revenue targets, the retail giant disclosed Friday in a regulatory filing.
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Subprime loan hangover
Mar 9 2007 6:04PM (CT)
NEW YORK (AP) - Investors are waiting to find out how just how bad their hangover will be as thousands of loans made to home buyers with spotty credit histories have begun to look dubious in the sobriety that followed the housing bubble.
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Hovnanian doesn't expect quick recovery
Mar 9 2007 5:52PM (CT)
NEWARK, N.J. (AP) - A day after homebuilder Hovnanian Enterprises Inc. reported a second consecutive quarterly loss, its chief executive officer said he doesn't expect a quick recovery to the housing slump.
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Hovnanian doesn't expect quick recovery
Mar 9 2007 5:52PM (CT)
NEWARK, N.J. (AP) - A day after homebuilder Hovnanian Enterprises Inc. reported a second consecutive quarterly loss, its chief executive officer said he doesn't expect a quick recovery to the housing slump.
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Yahoo stock dives on news of AT&T loss
Mar 9 2007 5:49PM (CT)
SAN FRANCISCO (AP) - Yahoo Inc.'s recently resurgent stock retreated by more than 5 percent Friday amid fears that a setback in a lucrative partnership with AT&T Inc. will undercut the anticipated gains from an overhaul of the Web portal's advertising platform.
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Chrysler recalls nearly 500,000 vehicles
Mar 9 2007 5:47PM (CT)
WASHINGTON (AP) - After dozens of reports of fires in Dodge Durango and Jeep Liberty sport utility vehicles, DaimlerChrysler AG's Chrysler Group recalled nearly 500,000 vehicles Friday.
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Chrysler recalls nearly 500,000 vehicles
Mar 9 2007 5:47PM (CT)
WASHINGTON (AP) - After dozens of reports of fires in Dodge Durango and Jeep Liberty sport utility vehicles, DaimlerChrysler AG's Chrysler Group recalled nearly 500,000 vehicles Friday.
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Unemployment rate dips to 4.5 percent
Mar 9 2007 5:19PM (CT)
WASHINGTON (AP) - The unemployment rate dipped to 4.5 percent and workers got fatter paychecks in February, even as bad winter weather sent a bit of a chill through U.S. job growth.
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Oil prices fall more than $1 a barrel
Mar 9 2007 4:21PM (CT)
NEW YORK (AP) - Oil prices followed gasoline futures lower and settled near $60 a barrel Friday as traders positioned themselves before the weekend.
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AMD's well may be running dry
Mar 9 2007 3:16PM (CT)
SAN JOSE, Calif. (AP) - The high-flying Advanced Micro Devices Inc. of 2006 has given way to a company in financial peril, saddled with debt and bleeding from a brutal price battle with its larger and suddenly resurgent Silicon Valley archrival, Intel Corp.
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AMD's well may be running dry
Mar 9 2007 3:16PM (CT)
SAN JOSE, Calif. (AP) - The high-flying Advanced Micro Devices Inc. of 2006 has given way to a company in financial peril, saddled with debt and bleeding from a brutal price battle with its larger and suddenly resurgent Silicon Valley archrival, Intel Corp.
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AMD's well may be running dry
Mar 9 2007 3:16PM (CT)
SAN JOSE, Calif. (AP) - The high-flying Advanced Micro Devices Inc. of 2006 has given way to a company in financial peril, saddled with debt and bleeding from a brutal price battle with its larger and suddenly resurgent Silicon Valley archrival, Intel Corp.
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AMD's well may be running dry
Mar 9 2007 3:16PM (CT)
SAN JOSE, Calif. (AP) - The high-flying Advanced Micro Devices Inc. of 2006 has given way to a company in financial peril, saddled with debt and bleeding from a brutal price battle with its larger and suddenly resurgent Silicon Valley archrival, Intel Corp.
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AMD's well may be running dry
Mar 9 2007 3:16PM (CT)
SAN JOSE, Calif. (AP) - The high-flying Advanced Micro Devices Inc. of 2006 has given way to a company in financial peril, saddled with debt and bleeding from a brutal price battle with its larger and suddenly resurgent Silicon Valley archrival, Intel Corp.
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AMD's well may be running dry
Mar 9 2007 3:16PM (CT)
SAN JOSE, Calif. (AP) - The high-flying Advanced Micro Devices Inc. of 2006 has given way to a company in financial peril, saddled with debt and bleeding from a brutal price battle with its larger and suddenly resurgent Silicon Valley archrival, Intel Corp.
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AMD's well may be running dry
Mar 9 2007 3:16PM (CT)
SAN JOSE, Calif. (AP) - The high-flying Advanced Micro Devices Inc. of 2006 has given way to a company in financial peril, saddled with debt and bleeding from a brutal price battle with its larger and suddenly resurgent Silicon Valley archrival, Intel Corp.
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AMD's well may be running dry
Mar 9 2007 3:16PM (CT)
SAN JOSE, Calif. (AP) - The high-flying Advanced Micro Devices Inc. of 2006 has given way to a company in financial peril, saddled with debt and bleeding from a brutal price battle with its larger and suddenly resurgent Silicon Valley archrival, Intel Corp.
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AMD's well may be running dry
Mar 9 2007 3:16PM (CT)
SAN JOSE, Calif. (AP) - The high-flying Advanced Micro Devices Inc. of 2006 has given way to a company in financial peril, saddled with debt and bleeding from a brutal price battle with its larger and suddenly resurgent Silicon Valley archrival, Intel Corp.
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AMD's well may be running dry
Mar 9 2007 3:16PM (CT)
SAN JOSE, Calif. (AP) - The high-flying Advanced Micro Devices Inc. of 2006 has given way to a company in financial peril, saddled with debt and bleeding from a brutal price battle with its larger and suddenly resurgent Silicon Valley archrival, Intel Corp.
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AMD's well may be running dry
Mar 9 2007 3:16PM (CT)
SAN JOSE, Calif. (AP) - The high-flying Advanced Micro Devices Inc. of 2006 has given way to a company in financial peril, saddled with debt and bleeding from a brutal price battle with its larger and suddenly resurgent Silicon Valley archrival, Intel Corp.
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P&G reaffirms 3Q profit guidance
Mar 9 2007 2:55PM (CT)
CINCINNATI (AP) - Procter & Gamble Co., maker of Tide detergent, Crest toothpaste and numerous other consumer products, reaffirmed on Friday its third-quarter earnings guidance.
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Wall Street dips on mixed economic data
Mar 9 2007 2:33PM (CT)
NEW YORK (AP) - Wall Street turned lower Friday after the government reported signs of strength in employment but also a jump in wholesale inventories that indicated falling demand. Bonds fell sharply after the jobs report reduced expectations for an interest rate cut.
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Kroger: No refusing morning-after pill
Mar 9 2007 2:31PM (CT)
ATLANTA (AP) - Kroger Co. said Friday it was reiterating its drug policies to all of its pharmacists after a Georgia woman claimed she was denied the so-called "morning after" pill at one of the company's stores.
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Vintage suffrage: Women to judge wine
Mar 9 2007 2:24PM (CT)
SANTA ROSA, Calif. (AP) - Women buy much of the wine purchased in the United States, and they make quite a bit of it too. But it's mostly male critics who proclaim what's prime and what's plonk.
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Vintage suffrage: Women to judge wine
Mar 9 2007 2:24PM (CT)
SANTA ROSA, Calif. (AP) - Women buy much of the wine purchased in the United States, and they make quite a bit of it too. But it's mostly male critics who proclaim what's prime and what's plonk.
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China forming fund to invest reserves
Mar 9 2007 2:24PM (CT)
BEIJING (AP) - China will soon create one of the world's largest investment funds, with ramifications for global stock, bond and commodities markets and for how the U.S. finances its trade deficits.
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Coke chief paid $20.9M in compensation
Mar 9 2007 1:20PM (CT)
ATLANTA (AP) - The chief executive of The Coca-Cola Co., Neville Isdell, was granted $20.9 million in total compensation last year as valued by the company, according to an analysis of a regulatory filing issued by the world's largest beverage maker Friday.
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Coke chief paid $20.9M in compensation
Mar 9 2007 1:20PM (CT)
ATLANTA (AP) - The chief executive of The Coca-Cola Co., Neville Isdell, was granted $20.9 million in total compensation last year as valued by the company, according to an analysis of a regulatory filing issued by the world's largest beverage maker Friday.
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Treasury prices plunge after job report
Mar 9 2007 12:51PM (CT)
NEW YORK (AP) - U.S. Treasury prices were sharply lower Friday following a report that showed job growth in the U.S. is still healthy, knocking the unemployment rate a touch lower and taking steam out of investor expectations for a cut in interest rates.
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EADS Co-CEO calls 2006 the worst year
Mar 9 2007 12:48PM (CT)
MUNICH, Germany (AP) - Airbus endured its worst year since it began in 1970, as delays, higher expenses and a weak dollar dragged down fourth-quarter and 2006 net profit for its parent, EADS NV. The company's co-CEOs said things would only get worse before they get better.
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Bush hails biofuels pact in Brazil
Mar 9 2007 12:13PM (CT)
SAO PAULO, Brazil (AP) - At a mega fuel depot for tanker trucks, President Bush heralded a new ethanol agreement with Brazil Friday as way to boost alternative fuels production across the Americas.
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Demand for corn driving up meat prices
Mar 9 2007 11:42AM (CT)
WASHINGTON (AP) - Strong demand for corn from ethanol plants is driving up the cost of livestock and will raise prices for beef, pork and chicken, the Agriculture Department said Friday.
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Fremont General can't give exit cost
Mar 9 2007 11:41AM (CT)
SANTA MONICA, Calif. (AP) - Mortgage lender Fremont General Corp. disclosed Friday it was unable to estimate the cost of selling its subprime mortgage loan business, adding there is no guarantee of finding a buyer for the troubled unit.
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Fremont General can't give exit cost
Mar 9 2007 11:41AM (CT)
SANTA MONICA, Calif. (AP) - Mortgage lender Fremont General Corp. disclosed Friday it was unable to estimate the cost of selling its subprime mortgage loan business, adding there is no guarantee of finding a buyer for the troubled unit.
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Funds fight Northwest disclosure ruling
Mar 9 2007 10:44AM (CT)
NEW YORK (AP) - Three hedge funds have asked a federal bankruptcy judge to reverse a decision requiring them to disclose trading data about their interests in Northwest Airlines Corp.
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Funds fight Northwest disclosure ruling
Mar 9 2007 10:44AM (CT)
NEW YORK (AP) - Three hedge funds have asked a federal bankruptcy judge to reverse a decision requiring them to disclose trading data about their interests in Northwest Airlines Corp.
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Swissair hearings end, judges get case
Mar 9 2007 10:24AM (CT)
BUELACH, Switzerland (AP) - Public hearings in Switzerland's biggest corporate trial concluded Friday after weeks of testimony in which the defendants blamed the Belgian government, the big Swiss banks and the Sept. 11 attacks for the downfall of the national airline Swissair.
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Swissair hearings end, judges get case
Mar 9 2007 10:24AM (CT)
BUELACH, Switzerland (AP) - Public hearings in Switzerland's biggest corporate trial concluded Friday after weeks of testimony in which the defendants blamed the Belgian government, the big Swiss banks and the Sept. 11 attacks for the downfall of the national airline Swissair.
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Greenspan rattles market with R-Word
Mar 9 2007 10:23AM (CT)
WASHINGTON (AP) - During the 18 1/2 years Alan Greenspan was chairman of the Federal Reserve, he scrupulously avoided forecasting recessions. Now it seems he can't stop using the R-word, and that has created headaches for his successor, Ben Bernanke.
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U.S., South Korea strive for trade deal
Mar 9 2007 10:10AM (CT)
SEOUL, South Korea (AP) - The U.S. and South Korea have intensified efforts to wrap up a landmark free trade agreement in a final push to reach a politically acceptable deal, Washington's chief negotiator said Friday.
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Aeon to buy stake in Daiei for $393M
Mar 9 2007 7:06AM (CT)
TOKYO (AP) - Announcing an alliance that would create Japan's biggest retail grouping, Aeon supermarket chain said Friday it will take a 15 percent stake in troubled Daiei for 46.2 billion yen, or $393.5 million.
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Consumers spooked by stock market drop
Mar 9 2007 7:00AM (CT)
WASHINGTON (AP) - Consumer confidence was knocked off a 2 1/2 year high in March as a recent swoon in worldwide stock markets made people feel less secure about the economy's prospects and their own financial fortunes.
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Consumers spooked by stock market drop
Mar 9 2007 7:00AM (CT)
WASHINGTON (AP) - Consumer confidence was knocked off a 2 1/2 year high in March as a recent swoon in worldwide stock markets made people feel less secure about the economy's prospects and their own financial fortunes.
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Dairy co-op nixes hormone-treated milk
Mar 9 2007 5:19AM (CT)
FRESNO, Calif. (AP) - Consumer groups are applauding a major dairy cooperative's decision to dissuade its farmers from using a synthetic hormone to coax more milk from cows, a move some insiders say could have a ripple effect across the dairy industry.
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Japanese stocks climb; dollar up vs. yen
Mar 9 2007 4:58AM (CT)
TOKYO (AP) - Japanese stocks rose Friday for a second session, supported by stronger-than-expected machinery orders and overnight gains on Wall Street.
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Gates, Buffett top billionaires ranking
Mar 9 2007 2:46AM (CT)
NEW YORK (AP) - What could a Chinese dumpling maker and Mexican telecom mogul possibly have in common? They're among a record number of wealthy people who held the title of billionaire over the past year. The tally of billionaires around the globe reached a high of 946, their combined wealth growing 35 percent to $3.5 trillion, according to Forbes magazine's 2007 rankings of the world's richest people.
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Gates, Buffett top billionaires ranking
Mar 9 2007 2:46AM (CT)
NEW YORK (AP) - What could a Chinese dumpling maker and Mexican telecom mogul possibly have in common? They're among a record number of wealthy people who held the title of billionaire over the past year. The tally of billionaires around the globe reached a high of 946, their combined wealth growing 35 percent to $3.5 trillion, according to Forbes magazine's 2007 rankings of the world's richest people.
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Gates, Buffett top billionaires ranking
Mar 9 2007 2:46AM (CT)
NEW YORK (AP) - What could a Chinese dumpling maker and Mexican telecom mogul possibly have in common? They're among a record number of wealthy people who held the title of billionaire over the past year. The tally of billionaires around the globe reached a high of 946, their combined wealth growing 35 percent to $3.5 trillion, according to Forbes magazine's 2007 rankings of the world's richest people.
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Express Scripts expects FTC questions
Mar 9 2007 12:11AM (CT)
NASHVILLE, Tenn. (AP) - Pharmacy Benefits Manager Express Scripts Inc. says it's expecting more questions from federal regulators this week over its proposal to acquire rival Caremark Rx Inc.
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Vonage reassures customers after lawsuit
Mar 9 2007 12:09AM (CT)
ALEXANDRIA, Va. (AP) - Internet phone carrier Vonage assured its 2.2 million customers that their service will not be interrupted after losing a federal patent infringement lawsuit brought by competitor Verizon Communications Inc.
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