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Latest Business News Archives for April 16, 2006

Crash tests show benefit of side air bags
Apr 16 2006 11:26PM (CT)
WASHINGTON (AP) - For motorists seeking greater protection in crashes, test results released Sunday by the insurance industry show the benefits of paying for optional side air bags.
 
Crude oil price hits $70 a barrel in Asia
Apr 16 2006 10:26PM (CT)
SINGAPORE (AP) - Crude oil futures hit $70 a barrel for the first time in seven-and-a-half months Monday, lifted by concerns over declining gasoline stocks in the U.S., supply disruptions in Nigeria and tension over Iran's nuclear program.
 
Japanese stocks down at midday
Apr 16 2006 10:24PM (CT)
TOKYO (AP) - Japanese stocks fell by midday Monday, with trading volume lower than usual due to the Easter holiday absence of foreign investors. The dollar dropped against the yen.
 
Obesity finds niche in American marketing
Apr 16 2006 10:02PM (CT)
NEW YORK (AP) - From the cradle to the grave and most points between, obesity has found its niche in American marketing. Make that a wide berth.
 
Firms in dispute over antiviral drug
Apr 16 2006 9:29PM (CT)
CHICAGO (AP) - Global fears over bird flu have sent sales soaring for an antiviral drug once dismissed as a commercial dud, but the two companies responsible for the drug are locked in a bitter court battle over profits.
 
BAA rejects Goldman Sachs takeover bid
Apr 16 2006 7:04PM (CT)
LONDON (AP) - BAA PLC, which operates major airports serving London, said Sunday that it had received and turned down a takeover bid from the investment bank Goldman Sachs worth about 9.4 billion pounds ($16.5 billion).
 
Strong earnings may not lift Wall Street
Apr 16 2006 6:15PM (CT)
NEW YORK (AP) - Despite Wall Street's expectations of yet another round of impressive quarterly earnings, this week's onslaught of data could leave the market right back where it started _ or ultimately lower.
 
Venezuela refinery partially restored
Apr 16 2006 5:31PM (CT)
CARACAS, Venezuela (AP) - Production at Venezuela's Cardon refinery has been partially restored after a power outage idled the 300,000-barrel-a-day facility, the state oil company said Sunday.
 
Skilling pits his word against witnesses'
Apr 16 2006 4:31PM (CT)
HOUSTON (AP) - It's his word against theirs.
 
Wal-Mart tries to modify corporate culture
Apr 16 2006 3:36PM (CT)
NEW YORK (AP) - After years of accusations that it caused the demise of thousands of smaller merchants, Wal-Mart Stores Inc. is undertaking an unusual strategy: helping competing local establishments stay in business.
 
Hu to meet with Microsoft, Boeing
Apr 16 2006 3:06PM (CT)
SEATTLE (AP) - Chinese President Hu Jintao will kick off his visit to the United States this week by meeting with two major corporations that embody both the difficulties and the opportunities for U.S. companies in China.
 
Chinese economy grows faster than expected
Apr 16 2006 2:42PM (CT)
BEIJING (AP) - Chinese President Hu Jintao announced Sunday that China's economy grew faster than expected in the first quarter of the year, heightening concerns that the breakneck expansion could spark inflation and drain environmental resources.
 
Former HealthSouth CEO focuses on ministry
Apr 16 2006 1:41PM (CT)
BIRMINGHAM, Ala. (AP) - Ordained as a minister and acquitted in a $2.7 billion fraud, fired HealthSouth CEO Richard Scrushy is done with the corporate boardroom. Now, he says, it's all about God.
 
No. of 'nuisance' beaver trappers swells
Apr 16 2006 1:17PM (CT)
PONTOON BEACH, Ill. (AP) - At first, Charles Luehmann considered the beavers cute, with their whiskers, buckteeth and flat tails. But it wasn't long before he found nothing endearing about the animals' dams, ruggedly engineered of hundreds of his trees they methodically toppled.
 
Whole Foods impresses customers, investors
Apr 16 2006 1:00PM (CT)
AUSTIN, Texas (AP) - Without a hint of pretense, John Mackey recently said this to shareholders of his company, Whole Foods Market Inc.: "There aren't many big corporations that we look at and say we want to be like that when we grow up. I think we are grown up, frankly."
 
Japan in 2nd-longest economic expansion
Apr 16 2006 11:09AM (CT)
TOKYO (AP) - Japan's economy is logging its second-longest expansion since the end of World War II, the country's economy minister said Sunday in the latest in a stream of optimistic forecasts.
 
Ex-Exxon CEO's massive pension draws fire
Apr 16 2006 8:20AM (CT)
DALLAS (AP) - A $69.7 million compensation package and $98 million pension payout to Exxon Mobil Corp.'s former chief executive and chairman Lee R. Raymond has some shareholders and economists asking, "how much is enough?"
 
   

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