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World's third-richest man gaining wealth
Mar 12 2007 11:29PM (CT)
MEXICO CITY (AP) - The world's third-richest man, Carlos Slim, is gaining rapidly on Bill Gates and Warren Buffett with a fortune that grew $19 billion last year _ the largest wealth gain in the past decade tracked by Forbes magazine.
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Survey: Firms to add jobs in 3 months
Mar 12 2007 11:26PM (CT)
MILWAUKEE (AP) - Twenty-eight percent of companies expect to add new positions in the next three months, according to a survey of 14,000 employers being released Tuesday.
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Zipcar vehicle-sharing service to expand
Mar 12 2007 11:22PM (CT)
CAMBRIDGE, Mass. (AP) - After nearly seven years of getting strangers to rent cars for a few hours at a time, Zipcar Inc. believes it has the know-how to leap beyond its customer base of tech-savvy 20- and 30-somethings in big U.S. cities.
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Dollar General OK's $6.9B bid from KKR
Mar 12 2007 7:49PM (CT)
NASHVILLE, Tenn. (AP) - Dollar General, which is in the middle of a restructuring to boost sales and reduce turnover, said Monday that it agreed to go private in a $6.9 billion deal.
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Some McDonald's offer Coke, Pepsi drinks
Mar 12 2007 7:42PM (CT)
CHICAGO (AP) - Restaurant giant McDonald's _ long a bastion of Coca-Cola products _ has quietly started offering non-carbonated beverages made by Pepsi at some outlets.
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UnitedHealth to buy Sierra Health
Mar 12 2007 6:40PM (CT)
MINNEAPOLIS (AP) - UnitedHealth Group got back in the acquisitions game on Monday, agreeing to buy Nevada's largest health insurer, Sierra Health Services Inc., for about $2.6 billion.
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Wendy's CEO pay valued at $6.7M in 2006
Mar 12 2007 6:39PM (CT)
COLUMBUS, Ohio (AP) - Kerrii Anderson, who became chief executive officer of a shrinking Wendy's International Inc. in November after six months as interim CEO, received compensation valued at $6.7 million in 2006, the company said in a regulatory filing on Monday.
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Business gets sympathetic ear from govt.
Mar 12 2007 6:37PM (CT)
WASHINGTON (AP) - While hewing to a neutral line, the Bush administration signaled Monday that it was prepared to give a sympathetic hearing to complaints by business interests about the laws and rules born of the 2002 scandals and to consider possible policy changes.
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Express Scripts won't raise Caremark bid
Mar 12 2007 6:37PM (CT)
NASHVILLE, Tenn. (AP) - Express Scripts Inc., which has been battling CVS Corp. to acquire pharmacy benefits manager Caremark Rx Inc., said Monday it won't make a higher offer because it hasn't been allowed to see enough of Caremark's financial data to determine if it is worth it.
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J&J gets subpoenas over three drugs
Mar 12 2007 6:36PM (CT)
CHICAGO (AP) - Johnson & Johnson on Monday said it has received subpoenas from federal prosecutors in Philadelphia, Boston and San Francisco related to the sales and marketing of three drugs. The drugs at issue are Risperdal, a treatment for schizophrenia and bipolar mania, the epilepsy treatment Topamax, and Natrecor, which is used to treat heart-failure patients, the New Brunswick, N.J., company said.
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Vioxx jury awards $47.5M to Idaho couple
Mar 12 2007 6:34PM (CT)
TRENTON, N.J. (AP) - Merck & Co.'s painkiller Vioxx contributed to an Idaho postal worker's heart attack, a jury in Atlantic City ruled Monday, reversing the verdict in the man's first trial and hitting Merck with a total of $47.5 million in damages.
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Vioxx jury awards $47.5M to Idaho couple
Mar 12 2007 6:34PM (CT)
TRENTON, N.J. (AP) - Merck & Co.'s painkiller Vioxx contributed to an Idaho postal worker's heart attack, a jury in Atlantic City ruled Monday, reversing the verdict in the man's first trial and hitting Merck with a total of $47.5 million in damages.
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Vioxx jury awards $47.5M to Idaho couple
Mar 12 2007 6:34PM (CT)
TRENTON, N.J. (AP) - Merck & Co.'s painkiller Vioxx contributed to an Idaho postal worker's heart attack, a jury in Atlantic City ruled Monday, reversing the verdict in the man's first trial and hitting Merck with a total of $47.5 million in damages.
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New Century creditors to cut funding
Mar 12 2007 6:33PM (CT)
LOS ANGELES (AP) - The prospect of bankruptcy loomed over New Century Financial Corp., as the subprime mortgage lender scrambled Monday to stay afloat after all of its bank lenders cut off funding or informed the company of their intent to halt financing.
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Schering-Plough to buy Akzo Nobel unit
Mar 12 2007 6:23PM (CT)
NEW YORK (AP) - Schering-Plough Corp. said Monday it will buy the drug unit of Netherlands-based Akzo Nobel NV for $14.4 billion, giving the U.S. pharmaceutical company an array of women's health products while bolstering its animal health business and late-stage pipeline of experimental medicines.
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Ford sells major stake in Aston Martin
Mar 12 2007 6:19PM (CT)
DETROIT (AP) - Ford Motor Co. is selling a controlling stake in Aston Martin, creator of exotic $100,000-plus sports cars made famous in James Bond movies. Aston Martin now will be run by a consortium of investors, including racing mogul David Richards, car collector John Sinders and the Kuwaiti companies Investment Dar and Adeem Investment Co.
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Oil prices slip below $59 a barrel
Mar 12 2007 4:48PM (CT)
NEW YORK (AP) - Oil prices dropped below $59 a barrel Monday on forecasts of warmer weather in the United States and the belief that OPEC will keep production quotas stable at its meeting later this week.
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SEC charges former Nortel execs
Mar 12 2007 4:46PM (CT)
TORONTO (AP) - U.S. regulators filed civil fraud charges Monday against four former Nortel Networks executives, including ex-CEO Frank Dunn, alleging they repeatedly altered the telecom equipment maker's revenue to meet Wall Street expectations.
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Interest rates mixed at weekly auction
Mar 12 2007 2:43PM (CT)
WASHINGTON (AP) - Interest rates on short-term Treasury bills were mixed in Monday's auction with three-month bills unchanged while six-month bills rose to the highest level in two weeks.
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Treasury prices on New Century bad news
Mar 12 2007 11:19AM (CT)
NEW YORK (AP) - Prices for U.S. Treasuries rose Monday as investors bought into government paper on more bad news from troubled mortgage lender New Century.
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U.S., S. Korea progress in trade talks
Mar 12 2007 9:05AM (CT)
SEOUL, South Korea (AP) - The chief U.S. negotiator in free trade talks with South Korea said Monday that the two sides made "significant headway" in their latest round, but that more work is needed to narrow gaps in sensitive areas ahead of a deadline just weeks away.
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Schering-Plough to buy Akzo Nobel unit
Mar 12 2007 7:34AM (CT)
AMSTERDAM, Netherlands (AP) - Schering-Plough Corp. said Monday it will buy the pharmaceuticals division of Akzo Nobel NV for 11 billion euros ($14.5 billion) in cash, acquiring the Organon brand of birth control and strengthening its drug pipeline with an anti-schizophrenia medication.
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Winter wheat doubles in Wis. since 2000
Mar 12 2007 5:45AM (CT)
MILWAUKEE (AP) - Winter wheat, a crop once almost unheard of in Wisconsin, is taking root in America's Dairyland even as other states are growing less of it.
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China to develop commercial jet by 2020
Mar 12 2007 3:46AM (CT)
BEIJING (AP) - China expects to start making homegrown large commercial aircraft by 2020, an aviation industry official said Monday, raising the possibility of future competition for Boeing and Airbus in the country's booming market for new planes.
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Report: News business is going poorly
Mar 12 2007 12:46AM (CT)
NEW YORK (AP) - With television news losing audience, newspapers struggling to stay afloat and growth even slowing on Internet sites, it seems like a desolate time for the news industry.
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