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Mitsubishi may announce go-ahead on jet
Mar 27 2008 11:47PM (CT)
TOKYO (AP) - The first "made in Japan" passenger aircraft in three decades may get its official go-ahead as soon as Friday, a day after major Japanese carrier All Nippon Airways placed the first orders.
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Investment firms tap Fed for billions
Mar 27 2008 4:54PM (CT)
WASHINGTON (AP) - Big Wall Street investment companies have jumped all over the Federal Reserve's unprecedented offer to obtain emergency loans, borrowing more than doubled than in the program's debut week.
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Gold down slightly on stronger dollar
Mar 27 2008 4:46PM (CT)
NEW YORK (AP) - Gold prices edged slightly lower Thursday after the dollar gained against the euro, leading investors to sell the precious metal traditionally viewed as a haven against inflation.
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Gold down slightly on stronger dollar
Mar 27 2008 4:46PM (CT)
NEW YORK (AP) - Gold prices edged slightly lower Thursday after the dollar gained against the euro, leading investors to sell the precious metal traditionally viewed as a haven against inflation.
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Treasurys dip on drop in jobless claims
Mar 27 2008 4:40PM (CT)
NEW YORK (AP) - Treasurys fell Thursday as a better-than-expected reading on unemployment and tame demand from investment banks for a $75 billion credit auction led investors to pare back their holdings in safe government securities.
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Treasurys dip on drop in jobless claims
Mar 27 2008 4:40PM (CT)
NEW YORK (AP) - Treasurys fell Thursday as a better-than-expected reading on unemployment and tame demand from investment banks for a $75 billion credit auction led investors to pare back their holdings in safe government securities.
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Inspections force flight cancellations
Mar 27 2008 4:21PM (CT)
DALLAS (AP) - American Airlines and Delta Air Lines canceled hundreds more flights Thursday as they continued inspections of wiring bundles on some of their planes.
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Bear Stearns CEO Cayne sells stake
Mar 27 2008 4:06PM (CT)
NEW YORK (AP) - Bear Stearns Cos. Chairman James Cayne on Thursday sold his holdings in the embattled investment bank ahead of its expected acquisition by JPMorgan Chase & Co.
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Lennar swings to loss, sales skid
Mar 27 2008 3:18PM (CT)
MIAMI (AP) - Lennar Corp., one of the nation's largest homebuilders, said Thursday it swung to a loss in the first quarter as it absorbed charges to adjust land values, while new home sales and prices sank amid the stumbling real estate market.
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ConAgra profit soars, sells trading unit
Mar 27 2008 3:16PM (CT)
OMAHA, Neb. (AP) - ConAgra Foods Inc. is selling its commodities trading group for $2.1 billion even as it reported the division was a big reason why its third-quarter profit climbed 60 percent, beating Wall Street estimates.
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ConAgra profit soars, sells trading unit
Mar 27 2008 3:16PM (CT)
OMAHA, Neb. (AP) - ConAgra Foods Inc. is selling its commodities trading group for $2.1 billion even as it reported the division was a big reason why its third-quarter profit climbed 60 percent, beating Wall Street estimates.
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Clear Channel gets favorable deal ruling
Mar 27 2008 3:14PM (CT)
SAN ANTONIO (AP) - A Texas judge issued a restraining order that effectively bars the banks that promised to finance the $19.5 billion buyout of Clear Channel Communications Inc. from backing out yet.
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FDA investigates suicide with Merck drug
Mar 27 2008 3:12PM (CT)
WASHINGTON (AP) - The Food and Drug Administration said Thursday it is investigating a possible link between Merck's best-selling Singulair and suicide.
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Dollar higher against the euro, pound
Mar 27 2008 2:47PM (CT)
NEW YORK (AP) - The dollar gained against the euro and the pound Thursday as data confirmed that the United States economy was still growing in the fourth quarter, albeit weakly.
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Dollar higher against the euro, pound
Mar 27 2008 2:47PM (CT)
NEW YORK (AP) - The dollar gained against the euro and the pound Thursday as data confirmed that the United States economy was still growing in the fourth quarter, albeit weakly.
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Crude oil advances on supply concerns
Mar 27 2008 2:39PM (CT)
NEW YORK (AP) - Oil futures shot back above $107 a barrel Thursday after the bombing of an Iraqi oil pipeline diverted investors' attention away from a stabilizing U.S. dollar.
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EADS signs $26.4B UK tanker contract
Mar 27 2008 1:36PM (CT)
LONDON (AP) - Airbus parent EADS landed its second big government order in as many months Thursday when the Britain signed a $26.36 billion contract to replace the Royal Air Force's aging fleet of mid-air refueling tankers.
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JetBlue founder to launch Brazil airline
Mar 27 2008 1:18PM (CT)
SAO PAULO, Brazil (AP) - The founder of JetBlue Airways announced plans Thursday for a new Brazilian airline that would begin operating next year with three jets and eventually grow to a fleet of 76 planes flying nationwide.
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JetBlue founder to launch Brazil airline
Mar 27 2008 1:18PM (CT)
SAO PAULO, Brazil (AP) - The founder of JetBlue Airways announced plans Thursday for a new Brazilian airline that would begin operating next year with three jets and eventually grow to a fleet of 76 planes flying nationwide.
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JetBlue founder to launch Brazil airline
Mar 27 2008 1:18PM (CT)
SAO PAULO, Brazil (AP) - The founder of JetBlue Airways announced plans Thursday for a new Brazilian airline that would begin operating next year with three jets and eventually grow to a fleet of 76 planes flying nationwide.
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Rates on 30-year mortgages drop
Mar 27 2008 11:20AM (CT)
WASHINGTON (AP) - Rates on 30-year mortgages edged down slightly this week, staying below 6 percent, although rates on other types of mortgages rose.
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Rates on 30-year mortgages drop
Mar 27 2008 11:20AM (CT)
WASHINGTON (AP) - Rates on 30-year mortgages edged down slightly this week, staying below 6 percent, although rates on other types of mortgages rose.
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Weak dollar making US a business bargain
Mar 27 2008 9:55AM (CT)
NEW YORK (AP) - Thanks to the weakened dollar, the U.S. has leapfrogged France, Britain and other European countries as a cheaper place to do business.
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UN report: Asia faces jump in food costs
Mar 27 2008 8:18AM (CT)
BEIJING (AP) - Asia faces a sharp rise in food costs, due partly to surging demand for crops used in biofuels, and governments should do more to shield the region's poor from economic shocks, a U.N. commission said Thursday.
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US stocks head for higher open
Mar 27 2008 7:05AM (CT)
NEW YORK (AP) - U.S. stocks were poised to open moderately higher Thursday ahead of a reading on gross domestic product that could help determine whether the economy is likely to suffer from a recession as many on Wall Street suspect.
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BOJ: Japan economic outlook uncertain
Mar 27 2008 6:11AM (CT)
TOKYO (AP) - Uncertainty over Japan's economic outlook is "especially high" right now, a senior central bank official said Thursday.
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CNOOC says 2007 net profit rises 1.1 pct
Mar 27 2008 6:08AM (CT)
SHANGHAI, China (AP) - CNOOC Ltd., China's largest offshore oil and gas producer by capacity, said Thursday its 2007 net profit rose just 1.1 percent due to minimal increases in output and a large jump in the windfall tax on oil sales.
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CNOOC says 2007 net profit rises 1.1 pct
Mar 27 2008 6:08AM (CT)
SHANGHAI, China (AP) - CNOOC Ltd., China's largest offshore oil and gas producer by capacity, said Thursday its 2007 net profit rose just 1.1 percent due to minimal increases in output and a large jump in the windfall tax on oil sales.
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CNOOC says 2007 net profit rises 1.1 pct
Mar 27 2008 6:08AM (CT)
SHANGHAI, China (AP) - CNOOC Ltd., China's largest offshore oil and gas producer by capacity, said Thursday its 2007 net profit rose just 1.1 percent due to minimal increases in output and a large jump in the windfall tax on oil sales.
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CNOOC says 2007 net profit rises 1.1 pct
Mar 27 2008 6:08AM (CT)
SHANGHAI, China (AP) - CNOOC Ltd., China's largest offshore oil and gas producer by capacity, said Thursday its 2007 net profit rose just 1.1 percent due to minimal increases in output and a large jump in the windfall tax on oil sales.
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Lilly settles Alaska suit over Zyprexa
Mar 27 2008 3:56AM (CT)
NEW YORK (AP) - Eli Lilly and Co. and Alaska announced a $15 million settlement Wednesday in the state's lawsuit over the use of the drug Zyprexa in its Medicaid program.
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Paulson says new financial rules needed
Mar 27 2008 3:54AM (CT)
WASHINGTON (AP) - If big Wall Street investment houses are allowed to run to the Federal Reserve for emergency lending, they must face stepped-up regulation, Treasury Secretary Henry Paulson declared Wednesday.
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MGM reaches deal for Middle East project
Mar 27 2008 3:51AM (CT)
LOS ANGELES (AP) - Hollywood studio Metro-Goldwyn-Mayer Inc. reached an agreement with one of Abu Dhabi's largest real estate developers for an entertainment destination likely to cost billions of dollars, MGM said Wednesday.
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Insect-killing worms may help New York
Mar 27 2008 3:15AM (CT)
GREAT BEND, N.Y. (AP) - Each spring, tens of millions of alfalfa snout beetles rise from the soil to continue their slow, methodical march across upstate New York, laying waste to fields of alfalfa in a single growing season.
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Japanese stocks fall as dollar weakens
Mar 27 2008 2:51AM (CT)
TOKYO (AP) - Japanese stocks fell Thursday as investors sold electronics and auto shares on worries about earnings damage from the rising yen, and after bleak U.S. economic data overnight weighed on overall sentiment.
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Japanese stocks fall as dollar weakens
Mar 27 2008 2:51AM (CT)
TOKYO (AP) - Japanese stocks fell Thursday as investors sold electronics and auto shares on worries about earnings damage from the rising yen, and after bleak U.S. economic data overnight weighed on overall sentiment.
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