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Powers back plan to halt financial crux
Apr 11 2008 6:27PM (CT)
WASHINGTON (AP) - Finance officials from the world's top economic powers endorsed a plan Friday aimed at preventing another financial crisis like the credit and mortgage debacles that erupted in the United States and quickly sent tremors around the globe.
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Powers back plan to halt financial crux
Apr 11 2008 6:27PM (CT)
WASHINGTON (AP) - Finance officials from the world's top economic powers endorsed a plan Friday aimed at preventing another financial crisis like the credit and mortgage debacles that erupted in the United States and quickly sent tremors around the globe.
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Powers back plan to halt financial crux
Apr 11 2008 6:27PM (CT)
WASHINGTON (AP) - Finance officials from the world's top economic powers endorsed a plan Friday aimed at preventing another financial crisis like the credit and mortgage debacles that erupted in the United States and quickly sent tremors around the globe.
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Options grant boosts CBS chief's pay
Apr 11 2008 6:03PM (CT)
NEW YORK (AP) - CBS Corp. CEO Leslie Moonves' compensation more than doubled to a total of $67.6 million in 2007, when a one-time grant of stock options under a new pay scheme boosted his pay.
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Dems question timing of Vytorin papers
Apr 11 2008 5:33PM (CT)
WASHINGTON (AP) - House Democrats are questioning whether Merck and Schering-Plough made up information about a meeting of medical experts to discuss Vytorin, after lawmakers began investigating a failed study of the drug.
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Dems question timing of Vytorin papers
Apr 11 2008 5:33PM (CT)
WASHINGTON (AP) - House Democrats are questioning whether Merck and Schering-Plough made up information about a meeting of medical experts to discuss Vytorin, after lawmakers began investigating a failed study of the drug.
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Treasurys rise as stocks fall
Apr 11 2008 5:04PM (CT)
NEW YORK (AP) - Treasury prices rose Friday as investors, anxiously awaiting next week's batch of bank earnings, took their money out of stocks and put it in less risky assets.
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Treasury bond market at a glance
Apr 11 2008 5:03PM (CT)
NEW YORK (AP) - Key barometers in the Treasury market at 5:30 p.m. Friday compared with late Thursday. The price changes in the 10-year note and 30-year bond are per $1,000 invested.
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Treasury bond market at a glance
Apr 11 2008 5:03PM (CT)
NEW YORK (AP) - Key barometers in the Treasury market at 5:30 p.m. Friday compared with late Thursday. The price changes in the 10-year note and 30-year bond are per $1,000 invested.
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Airlines face new cash challenge
Apr 11 2008 4:48PM (CT)
NEW YORK (AP) - Frontier Airlines, the latest airline to file for bankruptcy, was pushed over the brink by a problem that could spread to other carriers: credit card troubles.
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Airlines face new cash challenge
Apr 11 2008 4:48PM (CT)
NEW YORK (AP) - Frontier Airlines, the latest airline to file for bankruptcy, was pushed over the brink by a problem that could spread to other carriers: credit card troubles.
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Airlines face new cash challenge
Apr 11 2008 4:48PM (CT)
NEW YORK (AP) - Frontier Airlines, the latest airline to file for bankruptcy, was pushed over the brink by a problem that could spread to other carriers: credit card troubles.
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Airlines face new cash challenge
Apr 11 2008 4:48PM (CT)
NEW YORK (AP) - Frontier Airlines, the latest airline to file for bankruptcy, was pushed over the brink by a problem that could spread to other carriers: credit card troubles.
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Delta pilot leaders meet
Apr 11 2008 4:45PM (CT)
ATLANTA (AP) - Leaders of Delta Air Lines Inc.'s pilots union were meeting in special session, the union said Friday as the company kept trying to determine whether to move forward with a combination with Northwest Airlines Corp.
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Delta pilot leaders meet
Apr 11 2008 4:45PM (CT)
ATLANTA (AP) - Leaders of Delta Air Lines Inc.'s pilots union were meeting in special session, the union said Friday as the company kept trying to determine whether to move forward with a combination with Northwest Airlines Corp.
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Pilots union lashes out at American
Apr 11 2008 4:38PM (CT)
FORT WORTH, Texas (AP) - Thousands of people were exasperated and upset by the cancellation of more than 3,000 flights at American Airlines this week, and the loudest complaints came from the airline's own employees.
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Developing countries want more aid
Apr 11 2008 4:24PM (CT)
WASHINGTON (AP) - An important group of developing countries urged advanced nations on Friday to step up financial aid to help them deal with the severe impact of higher food and energy prices and the turmoil in global financial markets.
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Europe demands more say in world economy
Apr 11 2008 4:16PM (CT)
BRUSSELS, Belgium (AP) - The European Union's top economy official said Friday that Europe deserved a greater say in the global economy as the euro continues gaining ground as the world's second major currency.
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Fannie working on mortgage plan
Apr 11 2008 4:15PM (CT)
WASHINGTON (AP) - Fannie Mae will allow more struggling homeowners to sell their homes for less than they owe on their mortgages in a gambit that could hit the mortgage finance company with upfront losses but stave off massive hemorrhage from foreclosures.
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Gas prices set record, oil moves higher
Apr 11 2008 3:12PM (CT)
NEW YORK (AP) - Gas and diesel pump prices jumped to yet another record Friday, piling on the costs for motorists as well as consumers reliant on trucks, trains and ships that deliver goods to market.
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Fed worried in 2002 about deflation
Apr 11 2008 3:08PM (CT)
WASHINGTON (AP) - Just-released transcripts show the Federal Reserve was worried about the threat of deflation when it decided to cut a key interest rate by a half-point in November 2002. Then-Federal Reserve Chairman Alan Greenspan called the prospect "pretty scary."
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Corn falls on improved weather
Apr 11 2008 2:50PM (CT)
NEW YORK (AP) - Corn prices fell sharply Friday as forecasts for dry weather in the U.S. corn belt eased concerns that farmers will have to delay their spring planting.
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Frontier files for bankruptcy protection
Apr 11 2008 1:31PM (CT)
DENVER (AP) - Frontier Airlines sought bankruptcy protection Friday, the fourth carrier to do so over the past several weeks as exorbitant fuel prices eat into earnings and a weak U.S. economy keeps more people grounded.
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American cuts more flights; Fliers fume
Apr 11 2008 1:16PM (CT)
ATLANTA (AP) - American Airlines grounded hundreds more flights Friday as the inspection-related mess frustrated passengers and hurt an industry already bleeding cash thanks to high fuel costs.
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American cuts more flights; Fliers fume
Apr 11 2008 1:16PM (CT)
ATLANTA (AP) - American Airlines grounded hundreds more flights Friday as the inspection-related mess frustrated passengers and hurt an industry already bleeding cash thanks to high fuel costs.
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American cuts more flights; Fliers fume
Apr 11 2008 1:16PM (CT)
ATLANTA (AP) - American Airlines grounded hundreds more flights Friday as the inspection-related mess frustrated passengers and hurt an industry already bleeding cash thanks to high fuel costs.
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Cadbury shareholders OK beverage spinoff
Apr 11 2008 12:54PM (CT)
LONDON (AP) - Shareholders in Cadbury Schweppes PLC voted overwhelmingly Friday in favor of spinning off the candy company's North American beverage business, whose brands include Snapple and Dr Pepper.
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Drug companies to reveal grant practices
Apr 11 2008 12:29PM (CT)
WASHINGTON (AP) - For years, the nation's largest drug and medical device manufacturers have courted doctors with consulting fees, free trips to exotic locales and sponsoring the educational conferences that physicians attend.
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AMD chief technology officer resigns
Apr 11 2008 11:48AM (CT)
NEW YORK (AP) - The chief technology officer and vice president of chip maker Advanced Micro Devices is resigning, the company said Friday.
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AMD chief technology officer resigns
Apr 11 2008 11:48AM (CT)
NEW YORK (AP) - The chief technology officer and vice president of chip maker Advanced Micro Devices is resigning, the company said Friday.
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Samsung chief hints at resignation
Apr 11 2008 11:13AM (CT)
SEOUL, South Korea (AP) - The powerful tycoon who runs South Korea's biggest business empire said Friday that the corruption scandal shaking the conglomerate could lead to a major change in leadership, and possibly his own resignation.
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Samsung chief hints at resignation
Apr 11 2008 11:13AM (CT)
SEOUL, South Korea (AP) - The powerful tycoon who runs South Korea's biggest business empire said Friday that the corruption scandal shaking the conglomerate could lead to a major change in leadership, and possibly his own resignation.
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Consumer confidence falls to new low
Apr 11 2008 10:57AM (CT)
WASHINGTON (AP) - Americans' confidence in the economy fell to a new low, dragged down by worries about mounting job losses, record-high home foreclosures and zooming energy prices.
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TriZetto agrees to going-private deal
Apr 11 2008 6:55AM (CT)
NEWPORT BEACH, Calif. (AP) - Medical software company TriZetto Group says it has agreed to a $1.4 billion takeover by private equity firm Apax Partners.
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Israeli army puts limits on Facebook
Apr 11 2008 5:32AM (CT)
JERUSALEM (AP) - Israeli defense officials say they have identified an unlikely new threat to national security _ Facebook.
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Israeli army puts limits on Facebook
Apr 11 2008 5:32AM (CT)
JERUSALEM (AP) - Israeli defense officials say they have identified an unlikely new threat to national security _ Facebook.
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Japan bank Mizuho lowers profit forecast
Apr 11 2008 5:02AM (CT)
TOKYO (AP) - Mizuho Financial Group Inc., Japan's second largest bank, lowered its fiscal 2007 earnings forecast Friday, blaming growing damage from the U.S. credit crisis.
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Crabbers fear new female catch limits
Apr 11 2008 5:02AM (CT)
ANNAPOLIS, Md. (AP) - Maryland crabbers worry they'll go out of business because of deep cuts to the harvest being considered by state fishery regulators amid dangerously low numbers of blue crabs in the Chesapeake Bay.
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Crabbers fear new female catch limits
Apr 11 2008 5:02AM (CT)
ANNAPOLIS, Md. (AP) - Maryland crabbers worry they'll go out of business because of deep cuts to the harvest being considered by state fishery regulators amid dangerously low numbers of blue crabs in the Chesapeake Bay.
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Crabbers fear new female catch limits
Apr 11 2008 5:02AM (CT)
ANNAPOLIS, Md. (AP) - Maryland crabbers worry they'll go out of business because of deep cuts to the harvest being considered by state fishery regulators amid dangerously low numbers of blue crabs in the Chesapeake Bay.
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Dairy farms stand to lose in downer ban
Apr 11 2008 5:01AM (CT)
WASHINGTON (AP) - Dairy farmers stand to lose income if the government honors congressional demands for a total ban on downer cattle after a California slaughterhouse failed to keep them out of the food supply.
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Dairy farms stand to lose in downer ban
Apr 11 2008 5:01AM (CT)
WASHINGTON (AP) - Dairy farmers stand to lose income if the government honors congressional demands for a total ban on downer cattle after a California slaughterhouse failed to keep them out of the food supply.
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Dollar rises against yen in Asia
Apr 11 2008 4:42AM (CT)
TOKYO (AP) - The dollar rose against the yen in Asia on Friday as an upturn in Asian equity markets prodded short-term investors to sell the yen.
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Japanese shares up nearly 3 percent
Apr 11 2008 4:14AM (CT)
TOKYO (AP) - Japanese stocks rose nearly 3 percent Friday, ending a three-day losing streak as investors picked up shares in a broad range of sectors amid hopes that Group of Seven financial officials will take steps to counter global economic jitters.
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Japanese shares up nearly 3 percent
Apr 11 2008 4:14AM (CT)
TOKYO (AP) - Japanese stocks rose nearly 3 percent Friday, ending a three-day losing streak as investors picked up shares in a broad range of sectors amid hopes that Group of Seven financial officials will take steps to counter global economic jitters.
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Bernanke: New crisis must be stemmed now
Apr 11 2008 2:12AM (CT)
WASHINGTON (AP) - Federal Reserve Chairman Ben Bernanke said Thursday that regulators must move ahead on ways to prevent a future financial crisis from occurring even as they battle one that threatens to plunge the country into recession.
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Retailers post sluggish sales in March
Apr 11 2008 1:21AM (CT)
NEW YORK (AP) - With little money left after buying food and fuel, American shoppers handed most retailers their most dismal March in 13 years.
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Retailers post sluggish sales in March
Apr 11 2008 1:21AM (CT)
NEW YORK (AP) - With little money left after buying food and fuel, American shoppers handed most retailers their most dismal March in 13 years.
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Retailers post sluggish sales in March
Apr 11 2008 1:21AM (CT)
NEW YORK (AP) - With little money left after buying food and fuel, American shoppers handed most retailers their most dismal March in 13 years.
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Genentech reports jump in 1Q earnings
Apr 11 2008 1:16AM (CT)
SAN FRANCISCO (AP) - Biotechnology giant Genentech Inc. is reporting a jump in its first-quarter profit of 12 percent compared to last year, but sales of its top-selling cancer drug disappointed Wall Street analysts.
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