Latest Business News
Economic Figures
Dollar & Gold News
Board of Trade News
Personal Finance
|
|
|
|
|
|
Oil up nearly $1 in Asian trading
Mar 27 2007 11:36PM (CT)
SINGAPORE (AP) - Oil prices rose in Asian trading Wednesday but pared gains after spiking more than 8 percent on rumors that Iran had fired a missile at a U.S. ship in the Persian Gulf.
|
|
|
Beazer Homes shares plunge 17 percent
Mar 27 2007 11:35PM (CT)
ATLANTA (AP) - Shares of Beazer Homes USA Inc. fell more than 17 percent in after-hours trading after the FBI said it is among agencies investigating possible fraud in the company's mortgage lending practices and other financial transactions.
|
|
|
ITT fined $100M for illegal tech exports
Mar 27 2007 7:44PM (CT)
ROANOKE, Va. (AP) - ITT Corp. has agreed to pay a $100 million penalty for illegally sending classified night-vision technology used in military operations to China and other countries, U.S. Attorney John Brownlee announced Tuesday.
|
|
|
Consumer confidence drops in March
Mar 27 2007 5:03PM (CT)
NEW YORK (AP) - Consumers sent up a warning signal in March that rising gas prices, falling home values and a volatile stock market could hurt spending in the coming months, a widely watched index showed on Tuesday.
|
|
|
Consumer confidence drops in March
Mar 27 2007 5:03PM (CT)
NEW YORK (AP) - Consumers sent up a warning signal in March that rising gas prices, falling home values and a volatile stock market could hurt spending in the coming months, a widely watched index showed on Tuesday.
|
|
|
Consumer confidence drops in March
Mar 27 2007 5:03PM (CT)
NEW YORK (AP) - Consumers sent up a warning signal in March that rising gas prices, falling home values and a volatile stock market could hurt spending in the coming months, a widely watched index showed on Tuesday.
|
|
|
Lennar 1Q profit falls on soft market
Mar 27 2007 4:01PM (CT)
MIAMI (AP) - One by one, some of the nation's largest homebuilders have seen quarterly earnings get crushed by the slump in the housing market.
|
|
|
S&P: Home prices worst since '94
Mar 27 2007 3:50PM (CT)
NEW YORK (AP) - Prices of single-family homes across the nation depreciated in January compared to a year ago, the worst results in more than 13 years, a housing index released Tuesday by Standard & Poor's showed.
|
|
|
UAW head: Union has plenty of fight left
Mar 27 2007 3:43PM (CT)
DETROIT (AP) - United Auto Workers President Ron Gettelfinger kicked off his union's bargaining convention Tuesday with a warning for companies: Just because we've cooperated in the past, don't take that as a sign of weakness.
|
|
|
Jurors side with Merck in Vioxx trial
Mar 27 2007 3:34PM (CT)
EDWARDSVILLE, Ill. (AP) - A state jury Tuesday sided with Vioxx maker Merck & Co. over claims that its once-blockbuster painkiller caused the 2003 deadly heart attack of an obese 52-year-old Illinois woman, concluding her own poor health likely led to her demise.
|
|
|
Court rules against whistle-blower
Mar 27 2007 3:15PM (CT)
WASHINGTON (AP) - The Supreme Court left an 81-year-old retired engineer without a penny to show for his role in exposing fraud at a former nuclear weapons plant in a ruling that makes it harder for whistle-blowers to claim cash rewards.
|
|
|
Delta plans more asset sales
Mar 27 2007 12:31PM (CT)
ATLANTA (AP) - Delta Air Lines Inc. expects to emerge from bankruptcy protection April 30 with an eye on improving customer service and selling more assets to build shareholder value, it said Tuesday, raising the possibility it could shed feeder carrier Comair.
|
|
|
Rosneft unit buys Yukos assets
Mar 27 2007 11:12AM (CT)
MOSCOW (AP) - The Russian government expanded its control of the nation's oil and gas riches Tuesday when a subsidiary of state-controlled Rosneft purchased one of the last remaining assets of the bankrupt Yukos oil group at a price below its market value.
|
|
|
Rosneft unit buys Yukos assets
Mar 27 2007 11:12AM (CT)
MOSCOW (AP) - The Russian government expanded its control of the nation's oil and gas riches Tuesday when a subsidiary of state-controlled Rosneft purchased one of the last remaining assets of the bankrupt Yukos oil group at a price below its market value.
|
|
|
Treasury bond prices off to shaky start
Mar 27 2007 11:06AM (CT)
NEW YORK (AP) - Treasury bond prices got off to a rickety start Tuesday, due to tough talk on inflation from a couple of Federal Reserve speakers abroad, which added to the market's nagging suspicion that the central bank may not be as keen on a rate cut as first thought.
|
|
|
UFC owners buy rival Pride Fighting
Mar 27 2007 10:43AM (CT)
NEW YORK (AP) - The majority owners of Ultimate Fighting Championship have agreed to buy their biggest mixed martial arts rival, Pride Fighting Championships, in a deal that will establish megafights among the outfits' titleholders and possibly attract huge pay-per-view audiences.
|
|
|
Siemens board member arrested
Mar 27 2007 10:42AM (CT)
MUNICH, Germany (AP) - A Siemens AG board member was arrested Tuesday in connection with an investigation of alleged payments to the head of a tiny labor union, Europe's biggest electronics and engineering company said.
|
|
|
Stocks fall on housing market jitters
Mar 27 2007 8:50AM (CT)
NEW YORK (AP) - Stocks fell Tuesday as worries mounted that the nation's housing market may be slowing sharply enough to seep into the broader U.S. economy.
|
|
|
LA Times cancels guest editor program
Mar 27 2007 8:41AM (CT)
LOS ANGELES (AP) - The Los Angeles Times said Tuesday it is scrapping its program of selecting prominent people to occasionally oversee the Sunday opinion section, days after it canceled the debut section over concerns about a conflict of interest.
|
|
|
Hyundai chairman apologizes at appeal
Mar 27 2007 3:40AM (CT)
SEOUL, South Korea (AP) - Embattled Hyundai Motor Co. Chairman Chung Mong-koo apologized and asked for leniency Tuesday at the start of his appeal over a conviction for setting up millions in slush funds with company money.
|
|
|
Japanese stocks drop after 5-day rally
Mar 27 2007 3:16AM (CT)
TOKYO (AP) - Japanese stocks fell Tuesday, snapping a five-day rally that lifted the market nearly 5 percent. Declines in utility and pharmaceutical stocks depressed the market.
|
|
|
Economist: Biofuel may raise food prices
Mar 27 2007 1:42AM (CT)
LINCOLN, Neb. (AP) - Increased production of biofuels such as ethanol might help farmers' bottom lines and address climate-change concerns, but it could inflate food prices worldwide, warns a former White House economist.
|
|
|
Nanjing Auto begins production of MGs
Mar 27 2007 1:11AM (CT)
SHANGHAI, China (AP) - Nanjing Automobile, the Chinese car maker that bought MG Rover two years ago, on Tuesday launched production of MG model sports cars, seeking to revive the historic brand both in China and overseas.
|
|
|
Asia's developing economies seen slowing
Mar 27 2007 12:56AM (CT)
TOKYO (AP) - Asia's developing economies will slow over the next two years, the Asian Development Bank projected Tuesday, but the more moderate pace is seen stabilizing the region and putting it on better footing for solid growth in the future.
|
|
|
|
|
|