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Latest Business News Archives for April 4, 2008

Airport: Skybus Airlines shutting down
Apr 4 2008 9:55PM (CT)
COLUMBUS, Ohio (AP) - Low-cost carrier Skybus Airlines is shutting down Saturday and plans to file for bankruptcy protection next week, becoming the latest of the nation's airlines to fall because of rising fuel costs and a slowing economy.
 
Quick fix ready if student loans falter
Apr 4 2008 7:17PM (CT)
WASHINGTON (AP) - Education Secretary Margaret Spellings is seeking to ease worries that tight credit markets might make it hard for students to get college loans.
 
Consumer fear could extend malaise
Apr 4 2008 7:14PM (CT)
NEW YORK (AP) - The gloomiest outlook for the economy in 35 years may be forcing Americans to live with what they have and save up for what they want.
 
Consumer fear could extend malaise
Apr 4 2008 7:14PM (CT)
NEW YORK (AP) - The gloomiest outlook for the economy in 35 years may be forcing Americans to live with what they have and save up for what they want.
 
Consumer fear could extend malaise
Apr 4 2008 7:14PM (CT)
NEW YORK (AP) - The gloomiest outlook for the economy in 35 years may be forcing Americans to live with what they have and save up for what they want.
 
Consumer fear could extend malaise
Apr 4 2008 7:14PM (CT)
NEW YORK (AP) - The gloomiest outlook for the economy in 35 years may be forcing Americans to live with what they have and save up for what they want.
 
Consumer fear could extend malaise
Apr 4 2008 7:14PM (CT)
NEW YORK (AP) - The gloomiest outlook for the economy in 35 years may be forcing Americans to live with what they have and save up for what they want.
 
Consumer fear could extend malaise
Apr 4 2008 7:14PM (CT)
NEW YORK (AP) - The gloomiest outlook for the economy in 35 years may be forcing Americans to live with what they have and save up for what they want.
 
UN says markets crucial to climate pact
Apr 4 2008 4:51PM (CT)
BANGKOK, Thailand (AP) - Back in the late 1990s, Henry Derwent had the unenviable job of selling a British government proposal that markets be used to reduce greenhouse gas emissions.
 
Treasurys rise after March job losses
Apr 4 2008 4:41PM (CT)
NEW YORK (AP) - Treasury prices rallied March after the Labor Department reported the economy last month forfeited 80,000 jobs, the heaviest labor market losses in five years.
 
Honeywell buys Norcross Safety Products
Apr 4 2008 4:30PM (CT)
NEWARK, N.J. (AP) - Honeywell International Inc. on Friday said it will buy Norcross Safety Products LLC for $1.2 billion to expand its line of personal protective gear.
 
Honeywell buys Norcross Safety Products
Apr 4 2008 4:30PM (CT)
NEWARK, N.J. (AP) - Honeywell International Inc. on Friday said it will buy Norcross Safety Products LLC for $1.2 billion to expand its line of personal protective gear.
 
Wheat jumps on weather concerns
Apr 4 2008 4:17PM (CT)
NEW YORK (AP) - Wheat prices shot up Friday as investors bet that a mix of wet and dry weather in wheat-growing U.S. states will damage crops and tighten supplies of the grain used to make bread, pasta and other foods.
 
GM may need to offer more help to Delphi
Apr 4 2008 4:07PM (CT)
NEW YORK (AP) - This GM didn't need.
 
Gas prices hit record on low supplies
Apr 4 2008 2:44PM (CT)
NEW YORK (AP) - Retail gas prices surged to a new record above $3.30 a gallon Friday and appear poised to rise further in coming weeks as gasoline supplies tighten.
 
Venezuela nationalizes cement sector
Apr 4 2008 2:39PM (CT)
CARACAS, Venezuela (AP) - President Hugo Chavez's government justified its plans to nationalize the cement industry Friday by accusing foreign-owned cement companies of restricting supply to boost local prices while boosting exports to maximize profits.
 
Venezuela nationalizes cement sector
Apr 4 2008 2:39PM (CT)
CARACAS, Venezuela (AP) - President Hugo Chavez's government justified its plans to nationalize the cement industry Friday by accusing foreign-owned cement companies of restricting supply to boost local prices while boosting exports to maximize profits.
 
Report: Japan promoting BOJ acting chief
Apr 4 2008 1:15PM (CT)
TOKYO (AP) - The government will ask that the Bank of Japan's interim governor, Masaaki Shirakawa, be named central bank chief before a key international finance meeting next week, according to media reports Friday.
 
Report: Japan promoting BOJ acting chief
Apr 4 2008 1:15PM (CT)
TOKYO (AP) - The government will ask that the Bank of Japan's interim governor, Masaaki Shirakawa, be named central bank chief before a key international finance meeting next week, according to media reports Friday.
 
Former UBS chief says bank should split
Apr 4 2008 12:35PM (CT)
BERN, Switzerland (AP) - UBS AG, already wincing from massive write-downs caused by the subprime crisis, has taken another blow as a former CEO is pushing the Swiss bank to separate its private client operations from the stumbling investment unit.
 
Former UBS chief says bank should split
Apr 4 2008 12:35PM (CT)
BERN, Switzerland (AP) - UBS AG, already wincing from massive write-downs caused by the subprime crisis, has taken another blow as a former CEO is pushing the Swiss bank to separate its private client operations from the stumbling investment unit.
 
Hurricane victims added to housing bill
Apr 4 2008 10:44AM (CT)
WASHINGTON (AP) - The Senate on Friday supported tax breaks to ailing Rust Belt manufacturers and Gulf Coast residents receiving grants to rebuild homes destroyed by Hurricane Katrina.
 
UN climate talks consider compromise
Apr 4 2008 10:29AM (CT)
BANGKOK, Thailand (AP) - Climate negotiators considered a compromise work schedule Friday for talks leading to a sweeping global warming pact, apparently overcoming a heated dispute about a Japanese proposal on how to cut emissions of greenhouse gases.
 
Europeans nations warn of price spiral
Apr 4 2008 8:29AM (CT)
BRDO PRI KRANJU, Slovenia (AP) - European officials warned Friday that governments must act to curb a possible inflation spiral as record-high price increases risk hurting people on low incomes.
 
Federal ban on contracts with IBM lifted
Apr 4 2008 7:45AM (CT)
ARMONK, N.Y. (AP) - The Environmental Protection Agency is lifting a week-old ban that prevented IBM from getting new government contracts.
 
Federal ban on contracts with IBM lifted
Apr 4 2008 7:45AM (CT)
ARMONK, N.Y. (AP) - The Environmental Protection Agency is lifting a week-old ban that prevented IBM from getting new government contracts.
 
Citigroup to pay $33M to settle lawsuit
Apr 4 2008 7:05AM (CT)
SAN FRANCISCO (AP) - Citigroup Inc. has agreed to pay $33 million to about 2,500 current and former female brokers at the company's Smith Barney subsidiary to settle a discrimination lawsuit.
 
Citigroup to pay $33M to settle lawsuit
Apr 4 2008 7:05AM (CT)
SAN FRANCISCO (AP) - Citigroup Inc. has agreed to pay $33 million to about 2,500 current and former female brokers at the company's Smith Barney subsidiary to settle a discrimination lawsuit.
 
Samsung chief denies ordering slush fund
Apr 4 2008 6:33AM (CT)
SEOUL, South Korea (AP) - Samsung Group Chairman Lee Kun-hee denied Friday that he ordered the creation of a slush fund at the center of a high-profile probe into alleged bribery by South Korea's largest business conglomerate.
 
Samsung chief denies ordering slush fund
Apr 4 2008 6:33AM (CT)
SEOUL, South Korea (AP) - Samsung Group Chairman Lee Kun-hee denied Friday that he ordered the creation of a slush fund at the center of a high-profile probe into alleged bribery by South Korea's largest business conglomerate.
 
Samsung chief denies ordering slush fund
Apr 4 2008 6:33AM (CT)
SEOUL, South Korea (AP) - Samsung Group Chairman Lee Kun-hee denied Friday that he ordered the creation of a slush fund at the center of a high-profile probe into alleged bribery by South Korea's largest business conglomerate.
 
Samsung chief denies ordering slush fund
Apr 4 2008 6:33AM (CT)
SEOUL, South Korea (AP) - Samsung Group Chairman Lee Kun-hee denied Friday that he ordered the creation of a slush fund at the center of a high-profile probe into alleged bribery by South Korea's largest business conglomerate.
 
Samsung chief denies ordering slush fund
Apr 4 2008 6:33AM (CT)
SEOUL, South Korea (AP) - Samsung Group Chairman Lee Kun-hee denied Friday that he ordered the creation of a slush fund at the center of a high-profile probe into alleged bribery by South Korea's largest business conglomerate.
 
Samsung chief denies ordering slush fund
Apr 4 2008 6:33AM (CT)
SEOUL, South Korea (AP) - Samsung Group Chairman Lee Kun-hee denied Friday that he ordered the creation of a slush fund at the center of a high-profile probe into alleged bribery by South Korea's largest business conglomerate.
 
ATA, Aloha woes likely mean higher fares
Apr 4 2008 5:31AM (CT)
HONOLULU (AP) - The abrupt shutdowns of ATA Airlines and Aloha Airlines won't keep travelers off Hawaii's shores altogether, but they could make an already expensive vacation destination even pricier and potentially put the leis and luaus out of reach for many.
 
ATA, Aloha woes likely mean higher fares
Apr 4 2008 5:31AM (CT)
HONOLULU (AP) - The abrupt shutdowns of ATA Airlines and Aloha Airlines won't keep travelers off Hawaii's shores altogether, but they could make an already expensive vacation destination even pricier and potentially put the leis and luaus out of reach for many.
 
ATA, Aloha woes likely mean higher fares
Apr 4 2008 5:31AM (CT)
HONOLULU (AP) - The abrupt shutdowns of ATA Airlines and Aloha Airlines won't keep travelers off Hawaii's shores altogether, but they could make an already expensive vacation destination even pricier and potentially put the leis and luaus out of reach for many.
 
ATA, Aloha woes likely mean higher fares
Apr 4 2008 5:31AM (CT)
HONOLULU (AP) - The abrupt shutdowns of ATA Airlines and Aloha Airlines won't keep travelers off Hawaii's shores altogether, but they could make an already expensive vacation destination even pricier and potentially put the leis and luaus out of reach for many.
 
Analysis: Fed bearing brunt of blame
Apr 4 2008 5:30AM (CT)
WASHINGTON (AP) - While Treasury Secretary Henry Paulson and some lawmakers want to give the Federal Reserve broader powers to head off financial disasters, the Fed's easy-money policies earlier this decade and years of homeownership incentives dangled by the White House and Congress helped set the stage for today's housing and credit crises.
 
Miller to launch craft-style Lite
Apr 4 2008 5:29AM (CT)
MILWAUKEE (AP) - Craft beer by its definition is small, both in batches and distribution. So, what does it mean when the nation's second biggest brewer takes its most popular beer and does it up, craft-style?
 
Northwest raises fares, freezes hiring
Apr 4 2008 5:29AM (CT)
MINNEAPOLIS (AP) - Fuel isn't getting any cheaper, so Northwest Airlines Corp. is going to make flying a little more expensive.
 
Tokyo stocks fall on auto, steel selling
Apr 4 2008 5:19AM (CT)
TOKYO (AP) - Japanese stocks fell Friday, ending a three-day winning streak, as traders sold steel and auto issues ahead of key U.S. job figures to be announced later in the day.
 
Bear Stearns rescue backed amid concerns
Apr 4 2008 5:08AM (CT)
WASHINGTON (AP) - Federal Reserve Chairman Ben Bernanke and the Bush administration on Thursday defended the decision to rescue Bear Stearns amid questions by lawmakers about why the government was helping Wall Street investment houses but not people on Main Street.
 
Bear Stearns rescue backed amid concerns
Apr 4 2008 5:08AM (CT)
WASHINGTON (AP) - Federal Reserve Chairman Ben Bernanke and the Bush administration on Thursday defended the decision to rescue Bear Stearns amid questions by lawmakers about why the government was helping Wall Street investment houses but not people on Main Street.
 
Victims grow in alleged Japan fraud case
Apr 4 2008 4:56AM (CT)
TOKYO (AP) - The parent of a Japanese health care company linked to fraud alleged by Lehman Brothers said Friday about $1 million of its money has vanished, adding to a growing list of companies claiming to be victims.
 
Victims grow in alleged Japan fraud case
Apr 4 2008 4:56AM (CT)
TOKYO (AP) - The parent of a Japanese health care company linked to fraud alleged by Lehman Brothers said Friday about $1 million of its money has vanished, adding to a growing list of companies claiming to be victims.
 
Brewer helps competition by sharing hops
Apr 4 2008 3:19AM (CT)
DES MOINES, Iowa (AP) - A shortage of a key ingredient in beer has shown that even business competitors can come together over a cold one now and then.
 
Dollar up against yen in Asia
Apr 4 2008 1:52AM (CT)
TOKYO (AP) - The dollar rose against the yen in Asia Friday despite a drop in Japanese stocks as some traders bought in anticipation of U.S. jobs data due later in the day coming in better than expected.
 
Dollar up against yen in Asia
Apr 4 2008 1:52AM (CT)
TOKYO (AP) - The dollar rose against the yen in Asia Friday despite a drop in Japanese stocks as some traders bought in anticipation of U.S. jobs data due later in the day coming in better than expected.
 
   

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