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Latest Business News Archives for March 11, 2008

Upper house rejects BOJ nomination
Mar 11 2008 10:57PM (CT)
TOKYO (AP) - The upper house of parliament voted down the government's nominee to lead the Bank of Japan on Wednesday, setting up a political showdown with a week left before the current central bank head's term ends.
 
Upper house rejects BOJ nomination
Mar 11 2008 10:57PM (CT)
TOKYO (AP) - The upper house of parliament voted down the government's nominee to lead the Bank of Japan on Wednesday, setting up a political showdown with a week left before the current central bank head's term ends.
 
Upper house rejects BOJ nomination
Mar 11 2008 10:57PM (CT)
TOKYO (AP) - The upper house of parliament voted down the government's nominee to lead the Bank of Japan on Wednesday, setting up a political showdown with a week left before the current central bank head's term ends.
 
Upper house rejects BOJ nomination
Mar 11 2008 10:57PM (CT)
TOKYO (AP) - The upper house of parliament voted down the government's nominee to lead the Bank of Japan on Wednesday, setting up a political showdown with a week left before the current central bank head's term ends.
 
Upper house rejects BOJ nomination
Mar 11 2008 10:57PM (CT)
TOKYO (AP) - The upper house of parliament voted down the government's nominee to lead the Bank of Japan on Wednesday, setting up a political showdown with a week left before the current central bank head's term ends.
 
Upper house rejects BOJ nomination
Mar 11 2008 10:57PM (CT)
TOKYO (AP) - The upper house of parliament voted down the government's nominee to lead the Bank of Japan on Wednesday, setting up a political showdown with a week left before the current central bank head's term ends.
 
Upper house rejects BOJ nomination
Mar 11 2008 10:57PM (CT)
TOKYO (AP) - The upper house of parliament voted down the government's nominee to lead the Bank of Japan on Wednesday, setting up a political showdown with a week left before the current central bank head's term ends.
 
Upper house rejects BOJ nomination
Mar 11 2008 10:57PM (CT)
TOKYO (AP) - The upper house of parliament voted down the government's nominee to lead the Bank of Japan on Wednesday, setting up a political showdown with a week left before the current central bank head's term ends.
 
American Axle, UAW not negotiating
Mar 11 2008 8:41PM (CT)
DETROIT (AP) - The two sides are talking by phone instead of face-to-face, a bad sign in the two-week-old dispute between American Axle and the United Auto Workers, two labor experts said Tuesday.
 
Fed's loan rescue sparks big stock rally
Mar 11 2008 6:56PM (CT)
WASHINGTON (AP) - Staring at spreading financial dangers, the Federal Reserve announced a rescue package Tuesday that would pour as much as $200 billion into banks and investment houses and allow them to put up risky home-loan packages as collateral.
 
Fed's loan rescue sparks big stock rally
Mar 11 2008 6:56PM (CT)
WASHINGTON (AP) - Staring at spreading financial dangers, the Federal Reserve announced a rescue package Tuesday that would pour as much as $200 billion into banks and investment houses and allow them to put up risky home-loan packages as collateral.
 
Treasurys fall as Fed ramps up liquidity
Mar 11 2008 4:39PM (CT)
NEW YORK (AP) - Treasury prices sold off sharply Tuesday after the Federal Reserve and other major central banks unveiled a plan to offer up to $200 billion in Treasurys to cash-starved financial institutions.
 
Gold rises on Fed liquidity boost
Mar 11 2008 4:13PM (CT)
NEW YORK (AP) - Gold prices rose modestly Tuesday after the Federal Reserve announced it would inject $200 billion into the financial system to help ease a global credit crunch. Silver and copper fell.
 
Movie exec sees 'new era' in 3-D films
Mar 11 2008 4:09PM (CT)
LAS VEGAS (AP) - DreamWorks Animation SKG Inc. chief executive Jeffrey Katzenberg promised a "new era" in moviegoing Tuesday, as Hollywood studios prepared a huge slate of 3-D movies for theaters that are increasingly going digital.
 
Movie exec sees 'new era' in 3-D films
Mar 11 2008 4:09PM (CT)
LAS VEGAS (AP) - DreamWorks Animation SKG Inc. chief executive Jeffrey Katzenberg promised a "new era" in moviegoing Tuesday, as Hollywood studios prepared a huge slate of 3-D movies for theaters that are increasingly going digital.
 
Carlyle execs in talks to salvage fund
Mar 11 2008 3:50PM (CT)
WASHINGTON (AP) - The Carlyle Group's founders are talking to creditors about how to prevent liquidation of a distressed London-based affiliate invested in mortgage-backed securities, a spokesman said Tuesday.
 
Inventory charge hurts Kroger 4Q profit
Mar 11 2008 3:48PM (CT)
CINCINNATI (AP) - Kroger Co.'s quarterly profit tumbled 16 percent and its sales rose a slim 2 percent as it battled rising costs and tougher grocery competition.
 
Inventory charge hurts Kroger 4Q profit
Mar 11 2008 3:48PM (CT)
CINCINNATI (AP) - Kroger Co.'s quarterly profit tumbled 16 percent and its sales rose a slim 2 percent as it battled rising costs and tougher grocery competition.
 
Gas prices rise to new national record
Mar 11 2008 2:46PM (CT)
NEW YORK (AP) - The cost of filling up the family car climbed to a record high Tuesday, adding to the challenges consumers already face with falling home values and rising food prices.
 
Societe Generale raises $8.44 billion
Mar 11 2008 12:58PM (CT)
PARIS (AP) - Societe Generale SA, seeking to restore its status as a top-tier bank after a massive trading scandal, said Tuesday it had raised $8.44 billion through a share offering.
 
Airbus parent EADS reports annual loss
Mar 11 2008 12:55PM (CT)
PARIS (AP) - Airbus parent EADS reported annual losses of $684.16 million Tuesday, a year marred by the botched roll out of both military and commercial aircraft.
 
Gold prices push consumers to sell
Mar 11 2008 11:52AM (CT)
CHICAGO (AP) - A new kind of gold rush is unfolding at jewelry store and pawn shop counters _ featuring not prospectors, but consumers.
 
Gold prices push consumers to sell
Mar 11 2008 11:52AM (CT)
CHICAGO (AP) - A new kind of gold rush is unfolding at jewelry store and pawn shop counters _ featuring not prospectors, but consumers.
 
Gold prices push consumers to sell
Mar 11 2008 11:52AM (CT)
CHICAGO (AP) - A new kind of gold rush is unfolding at jewelry store and pawn shop counters _ featuring not prospectors, but consumers.
 
Shares in Carlyle Capital plunge
Mar 11 2008 6:40AM (CT)
AMSTERDAM, Netherlands (AP) - Shares in troubled mortgage-bond fund Carlyle Capital Corp. Ltd. are plunging after regulators lifted a halt to trading in Amsterdam.
 
Shares in Carlyle Capital plunge
Mar 11 2008 6:40AM (CT)
AMSTERDAM, Netherlands (AP) - Shares in troubled mortgage-bond fund Carlyle Capital Corp. Ltd. are plunging after regulators lifted a halt to trading in Amsterdam.
 
Economists see US avoiding recession
Mar 11 2008 6:36AM (CT)
LOS ANGELES (AP) - The U.S. economy will suffer as the slumping housing market eats away at job creation and consumer spending, but the nation should avoid slipping into a recession this year, according to a new economic report.
 
FBI investigates fish fillets case
Mar 11 2008 6:08AM (CT)
HARRISBURG, Pa. (AP) - The FBI is trying to find out how herbal supplements got into a family's frozen fish dinner, a discovery that prompted a voluntary recall in 11 states.
 
Survey: 26 pct of employers plan to hire
Mar 11 2008 5:53AM (CT)
MILWAUKEE (AP) - Even as employers nationwide slashed some 63,000 jobs last month, more than a quarter of U.S. companies say they plan to hire within the next three months, according to a survey of 14,000 companies.
 
Maple syrup makers start busy season
Mar 11 2008 4:03AM (CT)
NEW LEBANON, N.Y. (AP) - On a recent warm, rainy day, tree sap trickled through hundreds of taps and down through miles of plastic tubing to Larry Benson's sugar shack.
 
Maple syrup makers start busy season
Mar 11 2008 4:03AM (CT)
NEW LEBANON, N.Y. (AP) - On a recent warm, rainy day, tree sap trickled through hundreds of taps and down through miles of plastic tubing to Larry Benson's sugar shack.
 
Maple syrup makers start busy season
Mar 11 2008 4:03AM (CT)
NEW LEBANON, N.Y. (AP) - On a recent warm, rainy day, tree sap trickled through hundreds of taps and down through miles of plastic tubing to Larry Benson's sugar shack.
 
Maple syrup makers start busy season
Mar 11 2008 4:03AM (CT)
NEW LEBANON, N.Y. (AP) - On a recent warm, rainy day, tree sap trickled through hundreds of taps and down through miles of plastic tubing to Larry Benson's sugar shack.
 
Maple syrup makers start busy season
Mar 11 2008 4:03AM (CT)
NEW LEBANON, N.Y. (AP) - On a recent warm, rainy day, tree sap trickled through hundreds of taps and down through miles of plastic tubing to Larry Benson's sugar shack.
 
Economists see US avoiding recession
Mar 11 2008 3:00AM (CT)
LOS ANGELES (AP) - The U.S. economy will suffer as the slumping housing market eats away at job creation and consumer spending, but the nation should avoid slipping into a recession this year, according to a new economic report.
 
China inflation highest in nearly 12 yrs
Mar 11 2008 1:16AM (CT)
BEIJING (AP) - Soaring food costs drove China's inflation to its highest level in nearly 12 years in February, according to data reported Tuesday, raising the risk of unrest as communist leaders prepare for the Beijing Olympics.
 
China inflation highest in nearly 12 yrs
Mar 11 2008 1:16AM (CT)
BEIJING (AP) - Soaring food costs drove China's inflation to its highest level in nearly 12 years in February, according to data reported Tuesday, raising the risk of unrest as communist leaders prepare for the Beijing Olympics.
 
China inflation highest in nearly 12 yrs
Mar 11 2008 1:16AM (CT)
BEIJING (AP) - Soaring food costs drove China's inflation to its highest level in nearly 12 years in February, according to data reported Tuesday, raising the risk of unrest as communist leaders prepare for the Beijing Olympics.
 
China inflation highest in nearly 12 yrs
Mar 11 2008 1:16AM (CT)
BEIJING (AP) - Soaring food costs drove China's inflation to its highest level in nearly 12 years in February, according to data reported Tuesday, raising the risk of unrest as communist leaders prepare for the Beijing Olympics.
 
China inflation highest in nearly 12 yrs
Mar 11 2008 1:16AM (CT)
BEIJING (AP) - Soaring food costs drove China's inflation to its highest level in nearly 12 years in February, according to data reported Tuesday, raising the risk of unrest as communist leaders prepare for the Beijing Olympics.
 
Boeing to protest $35B tanker contract
Mar 11 2008 1:03AM (CT)
WASHINGTON (AP) - The fate of a $35 billion Air Force contract is out of the hands of the military.
 
   

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