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Qualcomm, Broadcom agree to drop suits
Mar 16 2007 10:49PM (CT)
SAN DIEGO (AP) - Qualcomm Inc. and Broadcom Corp. agreed to dismiss patent and trade-secret claims against each other Friday, ending several skirmishes in the long-running legal battle between the two wireless technology companies.
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Qualcomm, Broadcom agree to drop suits
Mar 16 2007 10:49PM (CT)
SAN DIEGO (AP) - Qualcomm Inc. and Broadcom Corp. agreed to dismiss patent and trade-secret claims against each other Friday, ending several skirmishes in the long-running legal battle between the two wireless technology companies.
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Pet deaths prompt recall of pet food
Mar 16 2007 10:22PM (CT)
WASHINGTON (AP) - A major manufacturer of dog and cat food sold under Wal-Mart, Safeway, Kroger and other store brands recalled 60 million containers of wet pet food Friday after reports of kidney failure and deaths.
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Canada's Nortel Networks narrows 4Q loss
Mar 16 2007 6:35PM (CT)
TORONTO (AP) - Canadian networking equipment company Nortel Networks Corp. said Friday its fourth-quarter net loss narrowed as the year-ago results were weighed by a huge legal expense. The company posted a net loss of $80 million, or 19 cents per share, compared with a loss of $2.29 billion, or $5.26 per share, in the same period a year earlier.
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Caremark says shareholders back CVS deal
Mar 16 2007 6:33PM (CT)
NASHVILLE, Tenn. (AP) - Caremark shareholders approved a $26.5 billion acquisition by CVS on Friday, creating one of the largest competitors in the prescription drug industry, the company said.
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Disney board clears current Pixar execs
Mar 16 2007 6:31PM (CT)
LOS ANGELES (AP) - The Walt Disney Co. said Friday that while stock-option awards to some employees of Pixar Animation Studios were backdated, no one associated with Disney today _ including board member Steve Jobs _ deliberately did anything wrong.
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Oil prices settle above $57 a barrel
Mar 16 2007 5:25PM (CT)
NEW YORK (AP) - Oil prices slipped Friday, weighed down by the front-month contract's expiration next week and the stock market's continued weakness, a possible harbinger of an economic slowdown.
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Consumer inflation, factory output rise
Mar 16 2007 4:53PM (CT)
WASHINGTON (AP) - Consumers paid more for energy, food and a host of other items in February as a sluggish economy failed to extinguish inflation pressures. But in a hopeful sign for growth, factory output posted a better-than-expected increase.
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Bally shares plunge 62 percent
Mar 16 2007 3:47PM (CT)
CHICAGO (AP) - Shares of Bally Total Fitness Holding Corp. lost more than half their value Friday after the struggling fitness center operator said it may file for bankruptcy.
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Nissan's Ghosn hands off U.S. operations
Mar 16 2007 3:44PM (CT)
NASHVILLE, Tenn. (AP) - A month ago Nissan's chief executive Carlos Ghosn declared a performance crisis at the Japanese carmaker and vowed to energize management.
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Nissan's Ghosn hands off U.S. operations
Mar 16 2007 3:44PM (CT)
NASHVILLE, Tenn. (AP) - A month ago Nissan's chief executive Carlos Ghosn declared a performance crisis at the Japanese carmaker and vowed to energize management.
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Nissan's Ghosn hands off U.S. operations
Mar 16 2007 3:44PM (CT)
NASHVILLE, Tenn. (AP) - A month ago Nissan's chief executive Carlos Ghosn declared a performance crisis at the Japanese carmaker and vowed to energize management.
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Nissan's Ghosn hands off U.S. operations
Mar 16 2007 3:44PM (CT)
NASHVILLE, Tenn. (AP) - A month ago Nissan's chief executive Carlos Ghosn declared a performance crisis at the Japanese carmaker and vowed to energize management.
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My Network TV tries, tries again
Mar 16 2007 2:42PM (CT)
NEW YORK (AP) - The fledgling My Network TV couldn't get anyone interested in nightly soap operas. Now it's chasing one of the most elusive audiences in television _ young men.
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Carnival 1Q profit rises 13 percent
Mar 16 2007 1:55PM (CT)
MIAMI (AP) - Carnival Corp., the world's largest cruise group, reported a 13 percent rise Friday in its first-quarter profit on increased cruise capacity and strong yields from European brands that offset pricing weakness in the Caribbean. The company also reported a significant increase in future Caribbean bookings.
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Heinz goes Dutch on brown sauce
Mar 16 2007 11:04AM (CT)
LONDON (AP) - More than 100 years of British tradition came to an end Friday as the final bottle of HP brown sauce _ a popular alternative to ketchup _ rolled off a production line at a factory in central England.
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Heinz goes Dutch on brown sauce
Mar 16 2007 11:04AM (CT)
LONDON (AP) - More than 100 years of British tradition came to an end Friday as the final bottle of HP brown sauce _ a popular alternative to ketchup _ rolled off a production line at a factory in central England.
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China: Investment won't hurt dollar
Mar 16 2007 11:03AM (CT)
BEIJING (AP) - China's prime minister tried to reassure the world about its financial goals Friday, saying a planned company to invest some of its $1 trillion in reserves won't affect dollar-denominated assets and promising to reform unruly Chinese stock markets.
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China: Investment won't hurt dollar
Mar 16 2007 11:03AM (CT)
BEIJING (AP) - China's prime minister tried to reassure the world about its financial goals Friday, saying a planned company to invest some of its $1 trillion in reserves won't affect dollar-denominated assets and promising to reform unruly Chinese stock markets.
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China: Investment won't hurt dollar
Mar 16 2007 11:03AM (CT)
BEIJING (AP) - China's prime minister tried to reassure the world about its financial goals Friday, saying a planned company to invest some of its $1 trillion in reserves won't affect dollar-denominated assets and promising to reform unruly Chinese stock markets.
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China: Investment won't hurt dollar
Mar 16 2007 11:03AM (CT)
BEIJING (AP) - China's prime minister tried to reassure the world about its financial goals Friday, saying a planned company to invest some of its $1 trillion in reserves won't affect dollar-denominated assets and promising to reform unruly Chinese stock markets.
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China: Investment won't hurt dollar
Mar 16 2007 11:03AM (CT)
BEIJING (AP) - China's prime minister tried to reassure the world about its financial goals Friday, saying a planned company to invest some of its $1 trillion in reserves won't affect dollar-denominated assets and promising to reform unruly Chinese stock markets.
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China: Investment won't hurt dollar
Mar 16 2007 11:03AM (CT)
BEIJING (AP) - China's prime minister tried to reassure the world about its financial goals Friday, saying a planned company to invest some of its $1 trillion in reserves won't affect dollar-denominated assets and promising to reform unruly Chinese stock markets.
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China: Investment won't hurt dollar
Mar 16 2007 11:03AM (CT)
BEIJING (AP) - China's prime minister tried to reassure the world about its financial goals Friday, saying a planned company to invest some of its $1 trillion in reserves won't affect dollar-denominated assets and promising to reform unruly Chinese stock markets.
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Bond prices decline on inflation report
Mar 16 2007 10:41AM (CT)
NEW YORK (AP) - U.S. Treasury bond prices were mildly lower Friday after an inflation report came in a touch higher than expected _ suggesting price pressures are still prevalent _ and as U.S. industrial production rebounded.
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Ghosn gives up role at U.S. operations
Mar 16 2007 10:07AM (CT)
TOKYO (AP) - Carlos Ghosn, the charismatic chief executive who led Nissan to a turnaround, will give up his role overseeing its U.S. operations as part of a shake-up to strengthen management at the Japanese automaker, the company said Friday.
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JetBlue cancels 215 flights due to storm
Mar 16 2007 8:27AM (CT)
NEW YORK (AP) - JetBlue canceled 215 flights Friday because of a winter storm on the East Coast, aiming to avoid the days of cancellations and criticism that followed a storm last month, an airline spokesman said.
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Airbus workers stage Europe-wide strikes
Mar 16 2007 7:54AM (CT)
TOULOUSE, France (AP) - Workers at Airbus plants in France, Germany and Spain staged strikes and protests Friday maintaining a united front against a restructuring plan the troubled aircraft maker said would slash 10,000 jobs across Europe.
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Airbus workers stage Europe-wide strikes
Mar 16 2007 7:54AM (CT)
TOULOUSE, France (AP) - Workers at Airbus plants in France, Germany and Spain staged strikes and protests Friday maintaining a united front against a restructuring plan the troubled aircraft maker said would slash 10,000 jobs across Europe.
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South Florida hit by water restrictions
Mar 16 2007 4:03AM (CT)
MIAMI (AP) - Crops, flower beds and golf courses will have to go thirsty after restrictions on water consumption were imposed on southeast Florida amid lower than normal rainfall.
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Ameriquest parent announces cuts
Mar 16 2007 2:55AM (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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Japanese stocks decline; dollar down
Mar 16 2007 2:18AM (CT)
TOKYO (AP) - Japanese stocks fell Friday, dragged down by bank, steel and auto shares, amid jitters ahead of the release of U.S. consumer price figures.
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