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Oil prices fall to near $57 a barrel
Mar 15 2007 9:45PM (CT)
SINGAPORE (AP) - Oil prices extended their decline Friday after the Organization of Petroleum Exporting Countries agreed not to change its output targets, as expected.
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Cisco agrees to buy WebEx for $3.2B
Mar 15 2007 6:13PM (CT)
SAN FRANCISCO (AP) - Cisco Systems has agreed to acquire the online meeting company WebEx Communications for about $3.2 billion in cash, a takeover that furthers Cisco's push beyond its core market for networking gear and into the lucrative arena of business communications.
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Cisco agrees to buy WebEx for $3.2B
Mar 15 2007 6:13PM (CT)
SAN FRANCISCO (AP) - Cisco Systems has agreed to acquire the online meeting company WebEx Communications for about $3.2 billion in cash, a takeover that furthers Cisco's push beyond its core market for networking gear and into the lucrative arena of business communications.
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Ameriquest parent announces cuts
Mar 15 2007 6:04PM (CT)
LOS ANGELES (AP) - The parent company of subprime lender Ameriquest Mortgage Co. said Thursday it was slashing its work force and consolidating operations in its retail call centers and wholesale loan production offices. It is the second wave of cuts in less than a year for Orange-based ACC Capital Holdings Corp., one of the nation's largest subprime lenders.
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Wholesale prices up 1.3 percent in Feb.
Mar 15 2007 5:59PM (CT)
WASHINGTON (AP) - Inflation at the wholesale level soared in February, pushed higher by gasoline and other energy prices and the largest increase in food costs in more than three years.
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ICE makes unsolicited bid for CBOT
Mar 15 2007 5:58PM (CT)
CHICAGO (AP) - The 159-year-old Chicago Board of Trade found itself the target of a possible bidding war Thursday when electronic futures market IntercontinentalExchange Inc. made a surprise $9.9 billion all-stock bid, threatening its deal to merge with the crosstown Merc.
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ICE makes unsolicited bid for CBOT
Mar 15 2007 5:58PM (CT)
CHICAGO (AP) - The 159-year-old Chicago Board of Trade found itself the target of a possible bidding war Thursday when electronic futures market IntercontinentalExchange Inc. made a surprise $9.9 billion all-stock bid, threatening its deal to merge with the crosstown Merc.
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GM to approach unions for concessions
Mar 15 2007 4:44PM (CT)
DETROIT (AP) - General Motors will seek relief from its whopping $68 billion post-retirement employee health care obligation in contract talks with the United Auto Workers union, according to an annual report filed with federal regulators.
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Caremark shareholders vote Friday
Mar 15 2007 4:31PM (CT)
NASHVILLE, Tenn. (AP) - After months of arguments from rival bidders, Caremark shareholders will decide Friday whether to accept the CVS offer favored by managers or hold out for the chance to be taken over by Express Scripts.
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Bear Stearns 1Q profit up 8 percent
Mar 15 2007 3:48PM (CT)
NEW YORK (AP) - Bear Stearns Cos., Wall Street's largest underwriter of mortgage securities, on Thursday reported first-quarter profit rose 8 percent despite turmoil in the subprime lending sector.
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Greenspan: Subprime spillover unlikely
Mar 15 2007 3:33PM (CT)
BOCA RATON, Fla. (AP) - The troubles plaguing lenders of risky mortgages are not likely to spill over into the broader economy unless housing prices see another substantial dip, former Federal Reserve chairman Alan Greenspan said Thursday.
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OPEC agrees to keep output steady
Mar 15 2007 1:32PM (CT)
VIENNA, Austria (AP) - OPEC decided Thursday to stick to already agreed-on output levels while paying more attention to curbing overproduction _ a decision that could push prices higher by taking up to 700,000 barrels of crude a day off world markets.
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OPEC agrees to keep output steady
Mar 15 2007 1:32PM (CT)
VIENNA, Austria (AP) - OPEC decided Thursday to stick to already agreed-on output levels while paying more attention to curbing overproduction _ a decision that could push prices higher by taking up to 700,000 barrels of crude a day off world markets.
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Cadbury Schweppes to divide in two
Mar 15 2007 12:37PM (CT)
LONDON (AP) - Cadbury Schweppes PLC announced plans Thursday to split itself in two, separating its confectionery and soft drinks businesses, as it apparently bowed to pressure from investors led by U.S. billionaire Nelson Peltz.
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Treasury prices are modestly higher
Mar 15 2007 12:03PM (CT)
NEW YORK (AP) - U.S. Treasuries were modestly higher Thursday, ahead of a report of weak Philadelphia-area manufacturing.
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30-year mortgages rates remain unchanged
Mar 15 2007 11:20AM (CT)
WASHINGTON (AP) - Rates on 30-year mortgages remained at the lowest level since mid-December as investors waited for more concrete information on the direction of the economy.
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Winnebago 2Q profit falls on lower sales
Mar 15 2007 9:05AM (CT)
DES MOINES, Iowa (AP) - Winnebago Industries Inc., one of the nation's leading recreational vehicle manufacturers, said Thursday that fiscal second-quarter profit edged down 3 percent on lower revenue. But the results beat analysts' expectations and the company's shares soared nearly 8 percent.
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Imperial Tobacco approaches Altadis
Mar 15 2007 9:00AM (CT)
MADRID, Spain (AP) - Tobacco company Altadis SA said Thursday that Imperial Tobacco Group PLC has suggested making a $15.2 billion offer for the maker of Fortuna, Gitanes and Ducados cigarette brands.
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Imperial Tobacco approaches Altadis
Mar 15 2007 9:00AM (CT)
MADRID, Spain (AP) - Tobacco company Altadis SA said Thursday that Imperial Tobacco Group PLC has suggested making a $15.2 billion offer for the maker of Fortuna, Gitanes and Ducados cigarette brands.
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Europe, Asia markets rise after selloff
Mar 15 2007 8:24AM (CT)
LONDON (AP) - European and Asian stock markets rebounded Thursday, relieved by a recovery on Wall Street after a plunge earlier in the week triggered by worries about a slowdown in the U.S. economy.
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Bayer says 4Q profit surges to $410M
Mar 15 2007 7:05AM (CT)
FRANKFURT, Germany (AP) - Bayer AG said Thursday its fourth-quarter earnings surged, buoyed by strong growth in its health care business, and the drug and chemical maker forecast that annual group sales would rise at least 5 percent as it benefits from the acquisition of rival Schering AG.
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Vodafone, Essar to run Indian phone firm
Mar 15 2007 6:12AM (CT)
NEW DELHI (AP) - Vodafone Group PLC and India's Essar group on Thursday reached an agreement to jointly manage a leading Indian mobile phone company in which the British mobile carrier is buying a controlling stake.
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Stock futures point toward higher open
Mar 15 2007 5:43AM (CT)
NEW YORK (AP) - U.S. stock futures rose moderately Thursday ahead of the release of a key government reading on inflation at the wholesale level.
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Judge drops charges against HP's Dunn
Mar 15 2007 5:19AM (CT)
SAN JOSE, Calif. (AP) - California's criminal case surrounding Hewlett-Packard Co.'s ill-fated boardroom spying scandal has all but evaporated, although the four defendants still aren't off the hook with federal prosecutors.
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Judge drops charges against HP's Dunn
Mar 15 2007 5:19AM (CT)
SAN JOSE, Calif. (AP) - California's criminal case surrounding Hewlett-Packard Co.'s ill-fated boardroom spying scandal has all but evaporated, although the four defendants still aren't off the hook with federal prosecutors.
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Judge drops charges against HP's Dunn
Mar 15 2007 5:19AM (CT)
SAN JOSE, Calif. (AP) - California's criminal case surrounding Hewlett-Packard Co.'s ill-fated boardroom spying scandal has all but evaporated, although the four defendants still aren't off the hook with federal prosecutors.
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Judge drops charges against HP's Dunn
Mar 15 2007 5:19AM (CT)
SAN JOSE, Calif. (AP) - California's criminal case surrounding Hewlett-Packard Co.'s ill-fated boardroom spying scandal has all but evaporated, although the four defendants still aren't off the hook with federal prosecutors.
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US Airways workers protest negotiations
Mar 15 2007 4:32AM (CT)
TEMPE, Ariz. (AP) - Six weeks after its bid for Delta Air Lines collapsed, US Airways President Scott Kirby says the company's top priority in 2007 would be to settle its union labor contracts and finish combining operations with America West Airlines.
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US Airways workers protest negotiations
Mar 15 2007 4:32AM (CT)
TEMPE, Ariz. (AP) - Six weeks after its bid for Delta Air Lines collapsed, US Airways President Scott Kirby says the company's top priority in 2007 would be to settle its union labor contracts and finish combining operations with America West Airlines.
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US Airways workers protest negotiations
Mar 15 2007 4:32AM (CT)
TEMPE, Ariz. (AP) - Six weeks after its bid for Delta Air Lines collapsed, US Airways President Scott Kirby says the company's top priority in 2007 would be to settle its union labor contracts and finish combining operations with America West Airlines.
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US Airways workers protest negotiations
Mar 15 2007 4:32AM (CT)
TEMPE, Ariz. (AP) - Six weeks after its bid for Delta Air Lines collapsed, US Airways President Scott Kirby says the company's top priority in 2007 would be to settle its union labor contracts and finish combining operations with America West Airlines.
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US Airways workers protest negotiations
Mar 15 2007 4:32AM (CT)
TEMPE, Ariz. (AP) - Six weeks after its bid for Delta Air Lines collapsed, US Airways President Scott Kirby says the company's top priority in 2007 would be to settle its union labor contracts and finish combining operations with America West Airlines.
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Qantas releases 2007-08 profit forecast
Mar 15 2007 4:18AM (CT)
SYDNEY, Australia (AP) - Australia's national carrier Qantas on Thursday caved in to demands by stakeholders who have the potential to block a 11.1 billion Australian dollar ($8.6 billion) takeover bid and released a profit forecast for the next fiscal year.
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Japanese stocks rebound; dollar up
Mar 15 2007 2:52AM (CT)
TOKYO (AP) - Japanese stocks rebounded Thursday from their plunge a day earlier, helped by a recovery on Wall Street, as investors snapped up steel and electronics shares that had fallen to attractive levels.
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Manure not just for compost anymore
Mar 15 2007 1:03AM (CT)
DETROIT (AP) - Home-buyers of tomorrow could find themselves walking across floors made from manure. That's no cow pie-in-the-sky dream, according to researchers at Michigan State University and the U.S. Department of Agriculture.
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Manure not just for compost anymore
Mar 15 2007 1:03AM (CT)
DETROIT (AP) - Home-buyers of tomorrow could find themselves walking across floors made from manure. That's no cow pie-in-the-sky dream, according to researchers at Michigan State University and the U.S. Department of Agriculture.
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Manure not just for compost anymore
Mar 15 2007 1:03AM (CT)
DETROIT (AP) - Home-buyers of tomorrow could find themselves walking across floors made from manure. That's no cow pie-in-the-sky dream, according to researchers at Michigan State University and the U.S. Department of Agriculture.
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Deal ends lockout at AK Steel in Ohio
Mar 15 2007 12:01AM (CT)
MIDDLETOWN, Ohio (AP) - A piece of cardboard propped on a bench outside the union hall with "It's Over" hastily scrawled across it seemed to say it all. AK Steel workers were going back to work.
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