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Latest Business News Archives for March 28, 2008

Airlines lighten up to cut fuel costs
Mar 28 2008 11:26PM (CT)
PHOENIX (AP) - Your ginger-ale doesn't come in a glass anymore on most US Airways flights. On Delta you'll find yourself in a thinner, lighter seat. If you fly JetBlue cross-country, you'll get a dainty bag of 100-calorie crisps in place of the original snack box of cookies, crackers and spreadable cheese.
 
Airlines lighten up to cut fuel costs
Mar 28 2008 11:26PM (CT)
PHOENIX (AP) - Your ginger-ale doesn't come in a glass anymore on most US Airways flights. On Delta you'll find yourself in a thinner, lighter seat. If you fly JetBlue cross-country, you'll get a dainty bag of 100-calorie crisps in place of the original snack box of cookies, crackers and spreadable cheese.
 
Financial regulation overhaul
Mar 28 2008 10:45PM (CT)
WASHINGTON (AP) - The Bush administration is proposing a sweeping overhaul of the way the nation's financial industry is regulated.
 
Financial regulation overhaul
Mar 28 2008 10:45PM (CT)
WASHINGTON (AP) - The Bush administration is proposing a sweeping overhaul of the way the nation's financial industry is regulated.
 
Starbucks to appeal tip-sharing ruling
Mar 28 2008 6:47PM (CT)
SEATTLE (AP) - Starbucks Corp. plans to appeal a San Diego Superior Court ruling last week that ordered the coffee chain to compensate California baristas for tips they shared with shift supervisors.
 
Starbucks to appeal tip-sharing ruling
Mar 28 2008 6:47PM (CT)
SEATTLE (AP) - Starbucks Corp. plans to appeal a San Diego Superior Court ruling last week that ordered the coffee chain to compensate California baristas for tips they shared with shift supervisors.
 
NWA execs restart Delta deal talk
Mar 28 2008 5:57PM (CT)
MINNEAPOLIS (AP) - Northwest Airlines Corp. has proposed to Delta that the airlines move ahead with their combination without a prearranged deal with pilots, a person with direct knowledge of the situation said on Friday.
 
Judge rules for IAC in Liberty dispute
Mar 28 2008 5:56PM (CT)
NEW YORK (AP) - A Delaware judge ruled Friday in favor of IAC Chief Executive Barry Diller in a dispute with Liberty Media Corp. that could help to determine the fate of the company.
 
Bonds up after personal spending data
Mar 28 2008 5:16PM (CT)
NEW YORK (AP) - Treasurys finished a wobbly week with a gain Friday after data showing an anemic rise in personal spending compelled investors to put money into safe assets ahead of the weekend.
 
Bonds up after personal spending data
Mar 28 2008 5:16PM (CT)
NEW YORK (AP) - Treasurys finished a wobbly week with a gain Friday after data showing an anemic rise in personal spending compelled investors to put money into safe assets ahead of the weekend.
 
Clear Channel says deal may not close
Mar 28 2008 4:47PM (CT)
SAN ANTONIO (AP) - The lenders committed to financing the $19.5 billion private buyout of Clear Channel Communications Inc. didn't show up to a meeting of the company and buyers even after a judge issued an order barring the banks from hindering or undermining the deal, the company said in a filing Friday.
 
KB Home posts big loss for 1Q
Mar 28 2008 4:03PM (CT)
LOS ANGELES (AP) - KB Home, one of the nation's biggest residential homebuilders, said Friday it posted a loss of more than $268 million in its first quarter as weak home sales amid a worsening housing market forced the company to take a large write-down related to falling home prices.
 
H&R Block client base growing this year
Mar 28 2008 3:56PM (CT)
KANSAS CITY, Mo. (AP) - H&R Block Inc. said Friday that the number of retail clients for its core tax business increased 1.3 percent so far this tax season, after figures were adjusted to remove people who were filing tax forms only to receive rebate checks from the government.
 
H&R Block client base growing this year
Mar 28 2008 3:56PM (CT)
KANSAS CITY, Mo. (AP) - H&R Block Inc. said Friday that the number of retail clients for its core tax business increased 1.3 percent so far this tax season, after figures were adjusted to remove people who were filing tax forms only to receive rebate checks from the government.
 
Fremont pressed to raise capital or sell
Mar 28 2008 3:50PM (CT)
LOS ANGELES (AP) - Federal and state banking regulators have given financial services company Fremont General Corp. 60 days to raise new capital or sell its banking subsidiary, the company said Friday.
 
Gold plummets on stronger dollar
Mar 28 2008 3:46PM (CT)
NEW YORK (AP) - Gold prices fell sharply Friday after the dollar ticked higher and crude oil retreated, diminishing the precious metal's appeal as a hedge against inflation.
 
J.C. Penney slashes 1Q profit forecast
Mar 28 2008 3:42PM (CT)
PLANO, Texas (AP) - J.C. Penney, whose stores help anchor hundreds of malls across the country, delivered fresh evidence Friday that the economy is faltering in the face of higher gasoline prices and lower consumer confidence.
 
Fed offers $100 billion more to banks
Mar 28 2008 3:42PM (CT)
WASHINGTON (AP) - The Federal Reserve announced Friday it will auction an additional $100 billion in April to cash-strapped banks as it continues to combat the effects of a credit crisis.
 
Fed offers $100 billion more to banks
Mar 28 2008 3:42PM (CT)
WASHINGTON (AP) - The Federal Reserve announced Friday it will auction an additional $100 billion in April to cash-strapped banks as it continues to combat the effects of a credit crisis.
 
Oil drops as Iraq supply fears ebb
Mar 28 2008 3:41PM (CT)
NEW YORK (AP) - Oil futures pulled back sharply Friday after fears of a major disruption of Iraqi crude exports dissipated. A stronger dollar also lessened investors' appetite for crude.
 
Judge OKs halt to Alcoa bribery lawsuit
Mar 28 2008 11:08AM (CT)
PITTSBURGH (AP) - A civil lawsuit alleging that Alcoa Inc. bribed officials in the Persian Gulf state of Bahrain was put on hold so that U.S. investigators can conduct a criminal investigation of the aluminum maker.
 
Service resumes after plane wire checks
Mar 28 2008 8:50AM (CT)
DALLAS (AP) - American Airlines canceled a handful of flights on Friday as it finished up its inspections of wiring bundles on some of its planes, while Delta Air Lines resumed normal service after completing its inspections.
 
Troubles at Heathrow's new Terminal 5
Mar 28 2008 8:49AM (CT)
LONDON (AP) - Looks great, doesn't work very well. That was the verdict on Heathrow Airport's new Terminal 5 building early Friday, as embarrassed British Airways officials said flight cancellations may extend into Saturday.
 
Troubles at Heathrow's new Terminal 5
Mar 28 2008 8:49AM (CT)
LONDON (AP) - Looks great, doesn't work very well. That was the verdict on Heathrow Airport's new Terminal 5 building early Friday, as embarrassed British Airways officials said flight cancellations may extend into Saturday.
 
Troubles at Heathrow's new Terminal 5
Mar 28 2008 8:49AM (CT)
LONDON (AP) - Looks great, doesn't work very well. That was the verdict on Heathrow Airport's new Terminal 5 building early Friday, as embarrassed British Airways officials said flight cancellations may extend into Saturday.
 
Troubles at Heathrow's new Terminal 5
Mar 28 2008 8:49AM (CT)
LONDON (AP) - Looks great, doesn't work very well. That was the verdict on Heathrow Airport's new Terminal 5 building early Friday, as embarrassed British Airways officials said flight cancellations may extend into Saturday.
 
Euro slightly higher against dollar
Mar 28 2008 6:58AM (CT)
BERLIN (AP) - The euro traded slightly higher against the U.S. dollar Friday, but the pound slipped as a report showed British house prices falling again.
 
Euro slightly higher against dollar
Mar 28 2008 6:58AM (CT)
BERLIN (AP) - The euro traded slightly higher against the U.S. dollar Friday, but the pound slipped as a report showed British house prices falling again.
 
Mitsubishi launches regional jet
Mar 28 2008 6:32AM (CT)
TOKYO (AP) - Mitsubishi Heavy Industries is going ahead with its mid-sized regional jet _ the first "made in Japan" passenger aircraft in three decades.
 
Mitsubishi launches regional jet
Mar 28 2008 6:32AM (CT)
TOKYO (AP) - Mitsubishi Heavy Industries is going ahead with its mid-sized regional jet _ the first "made in Japan" passenger aircraft in three decades.
 
Mitsubishi launches regional jet
Mar 28 2008 6:32AM (CT)
TOKYO (AP) - Mitsubishi Heavy Industries is going ahead with its mid-sized regional jet _ the first "made in Japan" passenger aircraft in three decades.
 
Mitsubishi launches regional jet
Mar 28 2008 6:32AM (CT)
TOKYO (AP) - Mitsubishi Heavy Industries is going ahead with its mid-sized regional jet _ the first "made in Japan" passenger aircraft in three decades.
 
Mitsubishi launches regional jet
Mar 28 2008 6:32AM (CT)
TOKYO (AP) - Mitsubishi Heavy Industries is going ahead with its mid-sized regional jet _ the first "made in Japan" passenger aircraft in three decades.
 
Mitsubishi launches regional jet
Mar 28 2008 6:32AM (CT)
TOKYO (AP) - Mitsubishi Heavy Industries is going ahead with its mid-sized regional jet _ the first "made in Japan" passenger aircraft in three decades.
 
Mitsubishi launches regional jet
Mar 28 2008 6:32AM (CT)
TOKYO (AP) - Mitsubishi Heavy Industries is going ahead with its mid-sized regional jet _ the first "made in Japan" passenger aircraft in three decades.
 
Mitsubishi launches regional jet
Mar 28 2008 6:32AM (CT)
TOKYO (AP) - Mitsubishi Heavy Industries is going ahead with its mid-sized regional jet _ the first "made in Japan" passenger aircraft in three decades.
 
California lowers auto emissions rule
Mar 28 2008 6:11AM (CT)
SACRAMENTO, Calif. (AP) - California regulators have drastically cut the number of zero-emission vehicles required to be sold in the state by the year 2014, a decision that frustrated environmentalists but came as a relief to auto manufacturers.
 
California lowers auto emissions rule
Mar 28 2008 6:11AM (CT)
SACRAMENTO, Calif. (AP) - California regulators have drastically cut the number of zero-emission vehicles required to be sold in the state by the year 2014, a decision that frustrated environmentalists but came as a relief to auto manufacturers.
 
Bear Stearns' Cayne sells stake
Mar 28 2008 6:02AM (CT)
NEW YORK (AP) - Bear Stearns Cos. Chairman James Cayne dumped his entire stake in the embattled investment bank for $61 million as it appears closer to a takeover by JPMorgan Chase & Co.
 
Wyeth cutting 1,200 US sales jobs
Mar 28 2008 5:55AM (CT)
TRENTON, N.J. (AP) - About 1,200 U.S. sales representatives at Wyeth have been told their positions are being eliminated as of Monday, the drug maker said.
 
Wyeth cutting 1,200 US sales jobs
Mar 28 2008 5:55AM (CT)
TRENTON, N.J. (AP) - About 1,200 U.S. sales representatives at Wyeth have been told their positions are being eliminated as of Monday, the drug maker said.
 
Strike could shut down GM car factories
Mar 28 2008 5:54AM (CT)
DETROIT (AP) - The increasingly bitter monthlong strike at auto parts maker American Axle and Manufacturing Holdings Inc. is starting to hit General Motors Corp. where it hurts.
 
Japan inflation up, jobless rate worsens
Mar 28 2008 5:10AM (CT)
TOKYO (AP) - Japan's inflation rate climbed at its fastest rate in a decade in February and the jobless rate worsened to 3.9 percent under data released Friday, raising concerns about the health of the world's second-largest economy.
 
Mitsubishi closes Australian factory
Mar 28 2008 5:10AM (CT)
ADELAIDE, Australia (AP) - Mitsubishi's Australian factory has built its last cars _ three of them for charities and one for permanent display _ and will close Friday after 28 years in operation.
 
Japan's Nikkei rises 1.7 percent
Mar 28 2008 4:42AM (CT)
TOKYO (AP) - Japan's stock market rose to its highest level in two weeks Friday as last-minute buying before the end of the fiscal year lifted a wide range of blue chips, including electronics and financial shares.
 
Samsung cuts sales forecast
Mar 28 2008 4:39AM (CT)
SEOUL, South Korea (AP) - Samsung Electronics Co. trimmed its sales forecast for this year on global economic woes, but said profit will increase, helped by earnings growth in key areas such as memory chips, flat-panel displays and mobile handsets.
 
Samsung cuts sales forecast
Mar 28 2008 4:39AM (CT)
SEOUL, South Korea (AP) - Samsung Electronics Co. trimmed its sales forecast for this year on global economic woes, but said profit will increase, helped by earnings growth in key areas such as memory chips, flat-panel displays and mobile handsets.
 
China to pay more for rice, wheat
Mar 28 2008 4:25AM (CT)
BEIJING (AP) - China said Friday it will pay farmers more for rice and wheat, trying to raise output and cool surging inflation that threatens to fuel unrest ahead of the Beijing Olympics.
 
China to pay more for rice, wheat
Mar 28 2008 4:25AM (CT)
BEIJING (AP) - China said Friday it will pay farmers more for rice and wheat, trying to raise output and cool surging inflation that threatens to fuel unrest ahead of the Beijing Olympics.
 
Dirt flies in Missouri River fight
Mar 28 2008 4:23AM (CT)
WASHINGTON (AP) - The state of Missouri and the U.S. Army Corps of Engineers have spent years tussling over water policy on the Missouri River. Now they are fighting over dirt.
 
NYC postpones calorie-posting rule
Mar 28 2008 4:05AM (CT)
NEW YORK (AP) - Health officials have pushed back a deadline for national chain restaurants to put calorie counts on their menus in New York City outlets.
 
FDA investigates suicide with Merck drug
Mar 28 2008 2:37AM (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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