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AIG replaces Maurice Greenberg as CEO
Mar 14 2005 11:38PM (CT)
NEW YORK (AP) - American International Group Inc. is shuffling its management ranks, ousting longtime CEO Maurice "Hank" Greenberg and naming a trio of new executives as the insurance and financial services company works to resolve regulatory inquiries.
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OPEC will likely raise output
Mar 14 2005 11:34PM (CT)
ISFAHAN, Iran (AP) - OPEC's president and Saudi Arabia, the oil cartel's main producer, have said the group is likely to raise its production ceiling by 500,000 barrels a day to head off rising prices and calm a jittery international oil market.
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Second airline to invest in US Airways
Mar 14 2005 10:21PM (CT)
ARLINGTON, Va. (AP) - A second regional airline on Monday agreed to invest in US Airways Group Inc., hoping the struggling carrier will be able to leave bankruptcy protection this year and provide more regional jet business.
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Dollar stronger versus euro, yen
Mar 14 2005 9:29PM (CT)
TOKYO (AP) - The dollar strengthened against the euro in Asian trading early Tuesday but moved narrowly as many investors awaited the release this week of U.S. economic data.
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Tokyo stocks higher at midday; dollar up
Mar 14 2005 8:40PM (CT)
TOKYO (AP) - Tokyo stocks inched up Tuesday morning following Wall Street's gains. The dollar was trading higher against the Japanese yen and euro.
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Cooper Tire workers in Ark. plant strike
Mar 14 2005 8:35PM (CT)
TEXARKANA, Ark. (AP) - Workers at the Cooper Tire and Rubber Co. plant at Texarkana have gone on strike, with health care a major sticking point in negotiations, union members said.
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Coors Brewing names new CEO, president
Mar 14 2005 7:26PM (CT)
GOLDEN, Colo. (AP) - A former executive of Nike Inc. who oversaw its business in Europe, the Middle East and Africa was named Monday to head Coors Brewing Co.'s U.S. operations.
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Whitman talks with Disney, stays with eBay
Mar 14 2005 6:32PM (CT)
SAN JOSE, Calif. (AP) - Meg Whitman routinely rejected interviews for prestigious jobs since taking over eBay Inc. seven years ago. But when Walt Disney Co. board members called earlier this year, she couldn't flat-out refuse.
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Disney's compensation to Eisner unclear
Mar 14 2005 6:10PM (CT)
LOS ANGELES (AP) - The Walt Disney Co. has not specified how it will compensate outgoing CEO Michael Eisner, who is leaving one year before his contract expires so that Robert Iger can take his place.
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Brown Shoe to acquire Bennett Footwear
Mar 14 2005 5:52PM (CT)
ST. LOUIS (AP) - Brown Shoe Co. Inc. said Monday it will acquire Boston-based Bennett Footwear Group LLC for $205 million in a deal expected to close in May.
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Where will new CEO Iger lead Disney?
Mar 14 2005 5:22PM (CT)
LOS ANGELES (AP) - Robert Iger will inherit a prospering company when he takes over as Disney CEO from Michael Eisner _ as well as a myriad of problems ranging from shareholder discontent to mending bridges burned by his mercurial predecessor and supporter.
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Judge upholds Hollinger lawsuit
Mar 14 2005 4:59PM (CT)
CHICAGO (AP) - A federal judge in Chicago has denied all motions to dismiss newspaper publisher Hollinger International Inc.'s lawsuit against its former chief Conrad Black, subsidiary Hollinger Inc., Black's former deputy David Radler and other former officers and directors of the company.
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Philip Morris bids $5B for Indonesian co.
Mar 14 2005 4:58PM (CT)
NEW YORK (AP) - Philip Morris International Inc. has made a $5 billion offer for Indonesia's third-largest cigarette producer, a move that would fatten its share of the country's fast-growing tobacco market while health concerns put a squeeze on smoking elsewhere in the world.
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Bond prices slightly higher
Mar 14 2005 4:47PM (CT)
NEW YORK (AP) - Bond prices were slightly higher on Monday as cautious investors awaited a raft of economic data expected this week.
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Day 7: Ebbers jury still debating
Mar 14 2005 4:30PM (CT)
NEW YORK (AP) - Jurors at the federal fraud trial of former WorldCom chief Bernard Ebbers sent for office supplies Monday _ Scotch tape and paper _ but failed to reach a verdict on their seventh day of deliberations.
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Maytag board OKs annual elections request
Mar 14 2005 4:22PM (CT)
NEWTON, Iowa (AP) - Maytag Corp. said Monday its board has approved a shareholder request to have directors elected annually, instead of once every three years.
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Schwab sues TD Waterhouse over ads
Mar 14 2005 4:11PM (CT)
SAN FRANCISCO (AP) - Discount brokerage pioneer Charles Schwab Corp. sued the TD Waterhouse Group Inc. Monday, alleging its rival's advertisements falsely labeled Schwab as a high-priced firm with inferior service.
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