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Delta pilots say no deal with Northwest
Mar 17 2008 8:53PM (CT)
ATLANTA (AP) - Delta Air Lines' pilots union has told company executives it can't agree on seniority issues with its counterpart at Northwest Airlines, raising serious doubts about the prospect of a combination of the two companies as Delta prepares to overhaul its operations.
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Delta pilots say no deal with Northwest
Mar 17 2008 8:53PM (CT)
ATLANTA (AP) - Delta Air Lines' pilots union has told company executives it can't agree on seniority issues with its counterpart at Northwest Airlines, raising serious doubts about the prospect of a combination of the two companies as Delta prepares to overhaul its operations.
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Verizon CEO's pay inches up to $20.3M
Mar 17 2008 7:36PM (CT)
NEW YORK (AP) - Ivan Seidenberg, the chief executive of Verizon Communications Inc., received $20.3 million in compensation in 2007, up slightly from $20.2 million the year before, according to a regulatory filing Monday.
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New trial for ex-Qwest boss Nacchio
Mar 17 2008 6:56PM (CT)
DENVER (AP) - A federal appeals court ordered a new trial Monday for former Qwest CEO Joe Nacchio, saying the trial judge wrongly excluded expert testimony important to Nacchio's defense in his insider trading case.
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Burlington Northen CEO's pay up 3 pct
Mar 17 2008 6:16PM (CT)
DALLAS (AP) - The chief executive of Burlington Northern Santa Fe Corp. got compensation valued at $12.6 million in 2007, 3 percent more than the year before, as the railroad operator's profits slipped but its stock rose nearly 13 percent.
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NY Times, investor settle dispute
Mar 17 2008 5:14PM (CT)
NEW YORK (AP) - The New York Times Co. defused a standoff Monday with its largest outside shareholder, Harbinger Capital, by agreeing to support two people nominated by the hedge fund as directors at its annual meeting next month.
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CME to buy Nymex for $9.4 billion
Mar 17 2008 4:56PM (CT)
CHICAGO (AP) - The parent company of the Chicago Mercantile Exchange and the Chicago Board of Trade said Monday it would buy the New York Mercantile Exchange in a $9.4 billion cash-and-stock deal that melds the nation's two largest futures exchanges.
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CME to buy Nymex for $9.4 billion
Mar 17 2008 4:56PM (CT)
CHICAGO (AP) - The parent company of the Chicago Mercantile Exchange and the Chicago Board of Trade said Monday it would buy the New York Mercantile Exchange in a $9.4 billion cash-and-stock deal that melds the nation's two largest futures exchanges.
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Treasurys rally after Bear Stearns deal
Mar 17 2008 4:42PM (CT)
NEW YORK (AP) - Treasury prices rallied Monday on concerns that the sale of Bear Stearns Cos. to JPMorgan Chase & Co. may be followed by further unraveling in the financial system.
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Treasurys rally after Bear Stearns deal
Mar 17 2008 4:42PM (CT)
NEW YORK (AP) - Treasury prices rallied Monday on concerns that the sale of Bear Stearns Cos. to JPMorgan Chase & Co. may be followed by further unraveling in the financial system.
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Dollar falls against euro, yen
Mar 17 2008 4:21PM (CT)
NEW YORK (AP) - The dollar fell to a record low against the euro and sank to its lowest level in more than 12 years against the yen Monday, as investors reacted to the latest emergency rate cut by the U.S. Federal Reserve and to news that JPMorgan Chase is buying rival investment bank Bear Stearns for a fraction of what it was worth last week.
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Dollar falls against euro, yen
Mar 17 2008 4:21PM (CT)
NEW YORK (AP) - The dollar fell to a record low against the euro and sank to its lowest level in more than 12 years against the yen Monday, as investors reacted to the latest emergency rate cut by the U.S. Federal Reserve and to news that JPMorgan Chase is buying rival investment bank Bear Stearns for a fraction of what it was worth last week.
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Wilbur Ross buys H&R Block's Option 1
Mar 17 2008 4:11PM (CT)
KANSAS CITY, Mo. (AP) - H&R Block Inc. said Monday it has signed an agreement to sell its troubled mortgage servicing business for $1.1. billion to billionaire investor Wilbur Ross.
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Wilbur Ross buys H&R Block's Option 1
Mar 17 2008 4:11PM (CT)
KANSAS CITY, Mo. (AP) - H&R Block Inc. said Monday it has signed an agreement to sell its troubled mortgage servicing business for $1.1. billion to billionaire investor Wilbur Ross.
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Charter cable company sued for back pay
Mar 17 2008 4:05PM (CT)
MADISON, Wis. (AP) - A judge has certified a lawsuit seeking unpaid wages and overtime for field technicians at Charter Communications Inc. cable company as a class action lawsuit.
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Fed primed to cut key interest rate
Mar 17 2008 3:45PM (CT)
WASHINGTON (AP) - The Federal Reserve is primed to aggressively cut a key interest rate even lower on Tuesday, racing to contain spreading financial fires that threaten an economic meltdown.
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Gold rises on Bear Stearns buyout
Mar 17 2008 3:23PM (CT)
NEW YORK (AP) - Gold prices closed above $1,000 for the first time Monday, rising to a new record as uneasy investors flocked to the safe-haven metal following JPMorgan Chase & Co's. buyout of investment bank Bear Stearns Cos.
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Oil plummets on economy worries
Mar 17 2008 3:18PM (CT)
NEW YORK (AP) - Oil prices plunged Monday, pulling back at least temporarily from record levels as investors feared that the financial crisis that forced the sale of Bear Stearns Cos. is a sign of deep economic trouble.
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Oil plummets on economy worries
Mar 17 2008 3:18PM (CT)
NEW YORK (AP) - Oil prices plunged Monday, pulling back at least temporarily from record levels as investors feared that the financial crisis that forced the sale of Bear Stearns Cos. is a sign of deep economic trouble.
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Int'l Paper buys Weyerhaeuser unit
Mar 17 2008 3:09PM (CT)
MEMPHIS, Tenn. (AP) - International Paper, a global supplier of packaging materials and uncoated paper, announced Monday it is buying the containerboard unit of Weyerhaeuser Co. for $6 billion in cash.
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World's largest print plant opens in UK
Mar 17 2008 2:07PM (CT)
LONDON (AP) - The world's largest printing plant has begun cranking out newspapers for Rupert Murdoch's News International _ a vote of confidence in Britain's troubled newspaper industry.
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World's largest print plant opens in UK
Mar 17 2008 2:07PM (CT)
LONDON (AP) - The world's largest printing plant has begun cranking out newspapers for Rupert Murdoch's News International _ a vote of confidence in Britain's troubled newspaper industry.
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After Bear Stearns rescue, who's next?
Mar 17 2008 12:27PM (CT)
NEW YORK (AP) - With a deal in place to save Bear Stearns from bankruptcy, the company's shares traded above the offer price Monday even as investors began turning a critical eye to other investment banks amid worries about how far the credit contagion could spread.
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After Bear Stearns rescue, who's next?
Mar 17 2008 12:27PM (CT)
NEW YORK (AP) - With a deal in place to save Bear Stearns from bankruptcy, the company's shares traded above the offer price Monday even as investors began turning a critical eye to other investment banks amid worries about how far the credit contagion could spread.
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After Bear Stearns rescue, who's next?
Mar 17 2008 12:27PM (CT)
NEW YORK (AP) - With a deal in place to save Bear Stearns from bankruptcy, the company's shares traded above the offer price Monday even as investors began turning a critical eye to other investment banks amid worries about how far the credit contagion could spread.
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After Bear Stearns rescue, who's next?
Mar 17 2008 12:27PM (CT)
NEW YORK (AP) - With a deal in place to save Bear Stearns from bankruptcy, the company's shares traded above the offer price Monday even as investors began turning a critical eye to other investment banks amid worries about how far the credit contagion could spread.
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After Bear Stearns rescue, who's next?
Mar 17 2008 12:27PM (CT)
NEW YORK (AP) - With a deal in place to save Bear Stearns from bankruptcy, the company's shares traded above the offer price Monday even as investors began turning a critical eye to other investment banks amid worries about how far the credit contagion could spread.
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West, Midwest evading worst of recession
Mar 17 2008 12:14PM (CT)
DES MOINES, Iowa (AP) - Rising energy costs have been cited as one factor pushing the nation toward recession, but those same increases are keeping some state economies strong.
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States' budget crises will hurt millions
Mar 17 2008 12:13PM (CT)
SACRAMENTO, Calif. (AP) - Financially strapped states are looking to take away government health insurance and benefits from millions of Americans already struggling with a souring economy.
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Court will examine profanity rules
Mar 17 2008 9:16AM (CT)
WASHINGTON (AP) - The Supreme Court on Monday stepped into a legal fight over the use of curse words on the airwaves, the high court's first major case on broadcast indecency in 30 years.
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Global markets tumble
Mar 17 2008 8:07AM (CT)
LONDON (AP) - Global markets plunged Monday on news that JPMorgan Chase, backed by the U.S. government, had to rescue troubled Bear Stearns and investors struggled to gauge how much worse financial markets could get.
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Global markets tumble
Mar 17 2008 8:07AM (CT)
LONDON (AP) - Global markets plunged Monday on news that JPMorgan Chase, backed by the U.S. government, had to rescue troubled Bear Stearns and investors struggled to gauge how much worse financial markets could get.
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Global markets tumble
Mar 17 2008 8:07AM (CT)
LONDON (AP) - Global markets plunged Monday on news that JPMorgan Chase, backed by the U.S. government, had to rescue troubled Bear Stearns and investors struggled to gauge how much worse financial markets could get.
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Global markets tumble
Mar 17 2008 8:07AM (CT)
LONDON (AP) - Global markets plunged Monday on news that JPMorgan Chase, backed by the U.S. government, had to rescue troubled Bear Stearns and investors struggled to gauge how much worse financial markets could get.
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Global markets tumble
Mar 17 2008 8:07AM (CT)
LONDON (AP) - Global markets plunged Monday on news that JPMorgan Chase, backed by the U.S. government, had to rescue troubled Bear Stearns and investors struggled to gauge how much worse financial markets could get.
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Global markets tumble
Mar 17 2008 8:07AM (CT)
LONDON (AP) - Global markets plunged Monday on news that JPMorgan Chase, backed by the U.S. government, had to rescue troubled Bear Stearns and investors struggled to gauge how much worse financial markets could get.
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Global markets tumble
Mar 17 2008 8:07AM (CT)
LONDON (AP) - Global markets plunged Monday on news that JPMorgan Chase, backed by the U.S. government, had to rescue troubled Bear Stearns and investors struggled to gauge how much worse financial markets could get.
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UBS, Euro banks plunge on market fears
Mar 17 2008 6:58AM (CT)
GENEVA (AP) - European bank stocks, led by shares in UBS AG, fell sharply on Monday on concerns about a deepening global financial crisis in the aftermath of a stunning fall at Bear Stearns.
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UBS, Euro banks plunge on market fears
Mar 17 2008 6:58AM (CT)
GENEVA (AP) - European bank stocks, led by shares in UBS AG, fell sharply on Monday on concerns about a deepening global financial crisis in the aftermath of a stunning fall at Bear Stearns.
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Japan stalemated over central bank chief
Mar 17 2008 6:00AM (CT)
TOKYO (AP) - Japan's ruling and opposition parties haggled Monday over who should replace the outgoing central bank chief, deepening a stalemate over a key financial position even as concerns over the economy battered Tokyo stocks.
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