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Exxon Mobil 1Q profit up 7 pct. to $8.4B
Apr 27 2006 11:56PM (CT)
DALLAS (AP) - Exxon Mobil Corp. posted the fifth-highest quarterly profit for any public company in history on Thursday, and with oil prices above $70 a barrel it could go down as the company's weakest quarter for the year.
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Microsoft 3Q profit up but misses views
Apr 27 2006 11:49PM (CT)
SEATTLE (AP) - Microsoft Corp. said its quarterly income rose 16 percent, but the results fell shy of Wall Street expectations and the software company offered a tepid outlook Thursday for the current quarter.
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Prosecutor focuses on Lay's stock activity
Apr 27 2006 11:47PM (CT)
HOUSTON (AP) - Federal prosecutors sought Thursday to torpedo Enron Corp. founder Kenneth Lay's image as a company champion, trying to show he used the ailing energy giant to bail himself out of personal financial woes in 2001.
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Bernanke: Fed may relax rate-hike campaign
Apr 27 2006 11:46PM (CT)
WASHINGTON (AP) - Keeping his options open, Federal Reserve Chairman Ben Bernanke signaled Thursday that after one more interest rate increase the central bank may take a break _ perhaps only temporarily _ from a rate-raising campaign aimed at keeping inflation at bay.
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Mazda reports 46 percent jump in profit
Apr 27 2006 11:23PM (CT)
TOKYO (AP) - Japanese automaker Mazda Motor Corp. said Friday profit jumped 46 percent last fiscal year on rising sales and a one-time gain, and predicted net income would climb another 12 percent in the current business year.
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Bank of Japan keeps rate policy unchanged
Apr 27 2006 11:21PM (CT)
TOKYO (AP) - The Bank of Japan decided Friday to leave its zero-percent interest rate policy unchanged, amid growing speculation the central bank may tighten monetary policy as the economy recovers.
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Kia Motors 1Q profit plummets 80 percent
Apr 27 2006 11:17PM (CT)
SEOUL, South Korea (AP) - Kia Motors Corp., South Korea's second-largest automaker, on Friday reported that net profit plunged in the first quarter as the strong Korean won hit the company's bottom line despite higher sales.
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Oil prices drop to $70.61 a barrel
Apr 27 2006 11:14PM (CT)
SINGAPORE (AP) - Crude futures fell Friday after China announced an interest rate hike as it sought to cool its economic growth, and as the World Bank tentatively resolved a dispute with Chad, which had threatened to shut off an oil pipeline.
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Japanese stocks down in morning trading
Apr 27 2006 10:59PM (CT)
TOKYO (AP) - Japanese stocks dropped Friday morning, with worries about the rising yen offsetting a stream of upbeat economic data. Sony's shares plunged nearly 6 percent after it announced a wider loss in the most recent quarter.
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Sony stock falls after earnings report
Apr 27 2006 10:53PM (CT)
TOKYO (AP) - Sony shares plunged nearly 6 percent Friday, a day after the Japanese electronics and entertainment company reported that its losses widened in the final fiscal quarter.
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Court OKs Adelphia's $1.2B credit payments
Apr 27 2006 10:39PM (CT)
GREENWOOD VILLAGE, Colo. (AP) - A bankruptcy judge in New York on Thursday approved Adelphia Communications Corp.'s $1.23 billion in interest payments to unsecured creditors, a step toward its acquisition by Time Warner Inc. and Comcast Corp.
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Hartford Financial 1Q Profit Climbs
Apr 27 2006 10:37PM (CT)
HARTFORD, Conn. (AP) - Hartford Financial Services Group Inc. on Thursday said first-quarter income rose 9 percent on the strength of its property, casualty and life insurance businesses.
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Sony stock plunges 5 pct. in Tokyo
Apr 27 2006 10:25PM (CT)
TOKYO (AP) - Sony shares plunged 5 percent in Tokyo morning trading Friday, a day after the Japanese electronics and entertainment company reported its losses widened in the final fiscal quarter.
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White House eyes changes for fuel standards
Apr 27 2006 10:09PM (CT)
WASHINGTON (AP) - The Bush administration asked Congress Thursday to give it the authority to change fuel economy standards for passenger cars amid rising gas prices and growing concerns about the nation's energy security.
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Japan consumer prices rise 0.5 percent
Apr 27 2006 10:03PM (CT)
TOKYO (AP) - Japan's core consumer price index rose for the fifth consecutive month in March, government data showed Friday, offering the latest evidence that the country has escaped deflation.
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Oil tanker runs aground in Puerto Rico
Apr 27 2006 9:04PM (CT)
SAN JUAN, Puerto Rico (AP) - A tanker filled with about 308,800 barrels of crude oil ran aground in southwestern Puerto Rico Thursday as it waited to transfer its cargo, the Coast Guard said. No injuries or leaks were reported.
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CEO of company that owns Kazaa in court
Apr 27 2006 9:02PM (CT)
SYDNEY, Australia (AP) - The CEO of the company that owns the Kazaa file-sharing network appeared in a Sydney court Friday to answer questions about her assets and how she set up her company, which a judge last year ruled allows Kazaa users to infringe copyright on a massive scale.
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U.S. reaches deal in Canada lumber fight
Apr 27 2006 8:29PM (CT)
WASHINGTON (AP) - The United States and Canada announced an agreement on Thursday to settle a drawn-out and heated trade battle over softwood lumber, a major home-building component.
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Papers mull ways to profit from Internet
Apr 27 2006 8:28PM (CT)
SEATTLE (AP) - With subscribers canceling and ad revenues sliding, editors gathering this week were hunting ways to harness the Internet's power to lure back readers and win over those who've never picked up a print edition.
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Wendy's reports flat earnings in 1Q
Apr 27 2006 8:05PM (CT)
DUBLIN, Ohio (AP) - Wendy's International Inc. said Thursday its first-quarter earnings were flat with a year ago as sales at the third-largest hamburger chain continue to stagnate.
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Company loses LIRR workers' personal data
Apr 27 2006 7:11PM (CT)
BOSTON (AP) - A company that stores records for the Long Island Railroad lost personal data including Social Security numbers for about 17,000 of the transit agency's current and former employees, apparently while the information was being delivered by a driver.
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Winn-Dixie charged over lobster sales
Apr 27 2006 6:59PM (CT)
MIAMI (AP) - Federal prosecutors on Thursday charged supermarket chain Winn-Dixie Stores Inc. with illegal possession, transportation and sale of undersized spiny lobster.
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Gateway widens 1Q loss to $12.3 million
Apr 27 2006 6:45PM (CT)
IRVINE, Calif. (AP) - Computer maker Gateway Inc. said Thursday its first-quarter loss widened on litigation expenses and weakness in the company's professional sales business.
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U.S.-Canada lumber deal upsets lawmakers
Apr 27 2006 6:28PM (CT)
TORONTO (AP) - Canada's Parliament exploded in emotional debate Thursday over a lumber deal with the United States, with vehement opposition from some producers and political leaders threatening to quash the agreement.
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Judge OKs $39M H&R Block suit settlement
Apr 27 2006 6:09PM (CT)
KANSAS CITY, Mo. (AP) - A federal judge has given preliminary approval to a $39 million settlement of a class-action lawsuit over H&R Block Inc.'s use of refund anticipation loans.
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Gabelli funds report Nextel Partners stake
Apr 27 2006 5:54PM (CT)
WASHINGTON (AP) - A group of funds managed by Mario Gabelli's GAMCO Investors Inc. reported a 5.1 percent stake in Nextel Partners Inc., according to a Schedule 13D filed Thursday with the Securities and Exchange Commission.
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Spitzer: 2003 memo disputes Grasso defense
Apr 27 2006 5:28PM (CT)
ALBANY, N.Y. (AP) - A 2003 memo from a top aide to H. Carl McCall, a former member of the New York Stock Exchange board, contradicts the long held claim that the NYSE board was fully informed of Richard A. Grasso's contested $187.5 million compensation, according to New York Attorney General Eliot Spitzer.
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Money market mutual funds fall this week
Apr 27 2006 5:02PM (CT)
NEW YORK (AP) - Assets of the nation's retail money market mutual funds fell by $13.07 billion in the latest week to $844.90 billion, the Investment Company Institute said Thursday.
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China central bank boosts interest rates
Apr 27 2006 4:59PM (CT)
BEIJING (AP) - China's central bank raised interest rates Thursday in the government's strongest move yet to cool an economy verging on overheating. The news sent resource stocks, oil and commodity prices lower around the world.
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ICT Group shares drop despite 1Q results
Apr 27 2006 4:57PM (CT)
NEW YORK (AP) - Shares of ICT Group Inc., which provides customer-relationship management services, posted strong first-quarter results Thursday.
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Exec: UPS concerned about infrastructure
Apr 27 2006 4:54PM (CT)
ATLANTA (AP) - As UPS continues to expand internationally, the company is concerned about transportation infrastructure around the world and in the United States, a top executive at the world's largest shipping carrier said Thursday.
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MetLife 1Q net income tumbles 28 percent
Apr 27 2006 4:52PM (CT)
NEW YORK (AP) - MetLife Inc., the nation's largest life insurer, said net income fell 28 percent as expenses outpaced premium growth and the company took losses reshuffling its investment portfolio.
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Jobs not interested in joining Walt Disney
Apr 27 2006 4:49PM (CT)
CUPERTINO, Calif. (AP) - Apple Computer Inc. CEO Steve Jobs said Thursday he had no interest in becoming an executive at The Walt Disney Co., which will soon complete its acquisition of Jobs' other company, Pixar Animation Studios Inc.
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Euro Disney net loss widens in first half
Apr 27 2006 4:47PM (CT)
PARIS (AP) - French theme-park operator Euro Disney SCA said Thursday its net loss more than tripled in its fiscal first half because of one-time restructuring gains a year earlier.
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Siemens 2Q profit up 14 percent to $1.1B
Apr 27 2006 4:45PM (CT)
BERLIN (AP) - Siemens AG said Thursday its second-quarter profit rose 14 percent as a restructuring program began to bring results at the German electronics and engineering company. Siemens also announced the $1.86 billion purchase of a U.S. diagnostics business.
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Alcatel shares decline on latest results
Apr 27 2006 4:44PM (CT)
PARIS (AP) - Alcatel shares fell Thursday after the French telecom equipment maker _ which agreed to acquire U.S. rival Lucent earlier this month _ posted a 16.1 percent decline in quarterly net profit.
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Pfizer shareholders reject ouster call
Apr 27 2006 4:40PM (CT)
LINCOLN, Neb. (AP) - Shareholders of pharmaceutical company Pfizer Inc. rejected a call Thursday to oust some members of the company's board for approving a deal to pay its chief executive officer as much as $83 million when he retires.
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Philip Morris USA ups Altria profit margin
Apr 27 2006 4:38PM (CT)
EAST HANOVER, N.J. (AP) - With Americans taking fewer puffs, you might think the nation's biggest cigarette maker _ Philip Morris USA _ would gradually fade into the background of U.S. corporate history.
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AEP 1Q profit jumps 7.1 percent to $381M
Apr 27 2006 4:35PM (CT)
COLUMBUS, Ohio (AP) - American Electric Power, one of the nation's largest power generators, said Thursday its first-quarter earnings rose 7.1 percent as increases in customers and power usage offset warmer than expected weather.
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Harrah's, MGM see increase in 1Q profits
Apr 27 2006 4:26PM (CT)
LAS VEGAS (AP) - The world's two largest gambling companies, Harrah's Entertainment Inc. and No. 2 MGM Mirage Inc., posted higher earnings in the first quarter as megadeals from a year ago increasingly paid off.
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3 drugmakers report gains in 1Q earnings
Apr 27 2006 4:24PM (CT)
NEW YORK (AP) - GlaxoSmithKline PLC, the world's second largest drugmaker, said Thursday that strong sales propelled double-digit earnings growth in the first quarter as did its British rival AstraZeneca PLC, which raised its earnings outlook for the year.
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Reynolds American 1Q profit up 23 percent
Apr 27 2006 4:21PM (CT)
CHARLOTTE, N.C. (AP) - Reynolds American Inc., the nation's second-largest cigarette maker, said Thursday its first-quarter profit rose 23 percent and it is planning a second major push into the smokeless tobacco category with a snuff product under its famous Camel brand.
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Thursday's commodities roundup
Apr 27 2006 4:19PM (CT)
NEW YORK (AP) - Gold and silver prices fell Thursday, on worries about Chinese demand for commodities after the country hiked its interest rates, and after a silver exchange-traded fund was given final approval.
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AutoNation CEO says luxury car sales up
Apr 27 2006 4:18PM (CT)
DETROIT (AP) - Rising gas prices haven't stalled sales of luxury vehicles, which were up 15 percent at AutoNation Inc. retailers in the first quarter, and the head of the largest U.S. auto retailer doesn't see a slowdown coming any time soon.
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Safeway 1Q profit up 9 percent to $142.9M
Apr 27 2006 4:15PM (CT)
SAN FRANCISCO (AP) - Safeway Inc.'s first-quarter profit rose 9 percent to exceed analyst estimates, continuing the grocer's recent gains from cost-cutting that alienated many employees and from store improvements that are reeling in more shoppers.
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Kellogg 1Q profit up 8 percent to $274.1M
Apr 27 2006 4:14PM (CT)
GRAND RAPIDS, Mich. (AP) - Kellogg Co., led by an 8 percent increase in North American sales, on Thursday reported that its first-quarter profit also grew 8 percent, beating Wall Street's expectations.
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OfficeMax posts 1st-quarter loss of $25M
Apr 27 2006 4:12PM (CT)
ITASCA, Ill. (AP) - Office supplies retailer OfficeMax Inc. on Thursday posted a sharply wider first-quarter loss as costs from closing more than 100 stores weighed on its results.
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Dow Chemical 1Q profit slides 10 percent
Apr 27 2006 4:11PM (CT)
MIDLAND, Mich. (AP) - Dow Chemical Co. on Thursday posted a 10 percent decline in first-quarter earnings as the rising cost of raw materials offset a modest gain in sales.
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Waste Management 1Q profit beats views
Apr 27 2006 4:04PM (CT)
HOUSTON (AP) - Waste Management Inc. said Thursday stronger sales and cost-cutting measures helped the nation's largest trash hauler post higher profit during the first quarter.
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Raytheon 1Q profit exceeds expectations
Apr 27 2006 4:04PM (CT)
BOSTON (AP) - Growing defense contract bookings and rising sales of business aircraft helped Raytheon Co. on Thursday post stronger earnings than its rivals and beat Wall Street's expectations.
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Cardinal Health 3Q profit down 60 percent
Apr 27 2006 4:01PM (CT)
DUBLIN, Ohio (AP) - Medical supplier Cardinal Health Inc. said Thursday its fiscal third-quarter earnings fell 60 percent, hurt by writing off losses from two businesses it plans to sell and changes in the company's wholesale drug distribution business.
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Comcast 1Q profit soars to $466 million
Apr 27 2006 3:59PM (CT)
PHILADELPHIA (AP) - Comcast Corp., the nation's largest cable TV operator, said Thursday its net income for the first quarter more than tripled, buoyed by strength across all its business lines including once-lagging digital voice.
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XM widens first-quarter loss to $151.4M
Apr 27 2006 3:58PM (CT)
NEW YORK (AP) - XM Satellite Radio Holdings Inc. reported a wider first-quarter loss Thursday and disclosed that federal regulators were probing its marketing practices. Its shares fell 5.5 percent in Thursday trading.
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Blockbuster narrows 1Q loss to $4.7M
Apr 27 2006 3:56PM (CT)
DALLAS (AP) - Blockbuster Inc., the nation's largest movie-rental chain, cut its first-quarter loss sharply from a year ago and posted its first gains in U.S. same-store rentals in three years.
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DaimlerChrysler 1Q profit up 4 percent
Apr 27 2006 3:55PM (CT)
DETROIT (AP) - DaimlerChrysler AG reported a 4 percent rise in its first-quarter profit, though results were weighed down by sputtering at its U.S. division, Chrysler Group, and continued problems at luxury arm Mercedes.
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Thomson 1Q profit up 88 percent to $137M
Apr 27 2006 3:41PM (CT)
TORONTO (AP) - Specialist information provider The Thomson Corp. is forecasting a "very solid" year after an 88 percent rise in first-quarter profit to $137 million as revenue grew 7 percent to $1.93 billion.
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Otellini: Intel plans broad restructuring
Apr 27 2006 3:28PM (CT)
SAN FRANCISCO (AP) - Facing its stiffest competition in years and slowing demand for computers, Intel Corp. is planning a broad restructuring that will focus on every aspect of the chip maker's operations, Chief Executive Paul Otellini said Thursday.
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Aetna shares tumble 20.3 percent
Apr 27 2006 3:20PM (CT)
HARTFORD, Conn. (AP) - Shares of Aetna Inc., one of the nation's largest health insurers, fell sharply Thursday after the company reported strong earnings but announced the retirement of two key executives and revealed that a computer with sensitive customer information was stolen.
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Zuckerman to weigh bid for 2 Pa. papers
Apr 27 2006 3:19PM (CT)
NEW YORK (AP) - Representatives of New York Daily News owner Mortimer B. Zuckerman met with Philadelphia newspaper executives Thursday to consider a possible bid for The Philadelphia Inquirer and the Philadelphia Daily News.
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SEC approves silver exchange-traded fund
Apr 27 2006 2:08PM (CT)
NEW YORK (AP) - The Securities and Exchange Commission on Thursday approved the registration for Barclays Global Investors' planned silver exchange-traded fund _ the first such fund to track silver.
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RAM Holdings rises in 1st day of trading
Apr 27 2006 1:56PM (CT)
WASHINGTON (AP) - Stock of reinsurance company RAM Holdings Ltd. rose Thursday, in its initial public offering on the Nasdaq Stock Market.
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Ex-CFO pleads guilty to 2 fraud charges
Apr 27 2006 1:55PM (CT)
LUBBOCK, Texas (AP) - The former chief financial officer of Patterson-UTI Energy Inc., accused of embezzling more than $77 million from the second-largest land-based oil and gas drilling rig fleet in North America, pleaded guilty Thursday to a pair of fraud-related charges.
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30-year mortgage rates rise for 5th week
Apr 27 2006 1:26PM (CT)
WASHINGTON (AP) - Rates on 30-year mortgages rose for the fifth consecutive week, hitting their highest level in nearly four years, a nationwide survey of rates reported Thursday.
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Bonds rise after Bernanke testimony
Apr 27 2006 1:21PM (CT)
NEW YORK (AP) - Bond prices rose Thursday, after Federal Reserve Chairman Ben Bernanke indicated to Congress that the central bank could well take a pause in its rate hiking cycle.
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British American Tobacco confident on earns
Apr 27 2006 1:18PM (CT)
LONDON (AP) - British American Tobacco PLC said Thursday that it is confident that it can continue to deliver, on average, high single digit earnings growth for many years to come.
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Dow Chemical 1Q profit drops 10 percent
Apr 27 2006 1:18PM (CT)
MIDLAND, Mich. (AP) - Dow Chemical Co. on Thursday posted a 10 percent decline in first-quarter earnings as the rising cost of raw materials offset a modest gain in sales.
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Microsoft, EU asked to explain code value
Apr 27 2006 1:03PM (CT)
LUXEMBOURG (AP) - An EU judge asked Microsoft Corp. and the European Commission to explain how much lines of code were worth as the company challenged an order requiring it to give rivals information to make their server software work more smoothly with Windows.
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Jackpot: Harrah's 1Q income up 75 percent
Apr 27 2006 1:00PM (CT)
LAS VEGAS (AP) - Harrah's Entertainment Inc., the world's largest casino operator, on Thursday said its acquisition of rival Caesars helped lift first-quarter net income 75 percent, topping Wall Street views.
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Big 3 automakers to meet with Bush
Apr 27 2006 12:52PM (CT)
WASHINGTON (AP) - Leaders of the Big Three U.S. automakers plan to meet with President Bush at the White House next month to discuss issues faced by the industry, officials said Thursday.
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ABB 1Q profit up 2.5 percent
Apr 27 2006 12:51PM (CT)
ZURICH, Switzerland (AP) - Engineering company ABB Ltd. said Thursday its first-quarter earnings rose 2.5 percent, slightly less than expected because of an asbestos settlement in the United States.
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Bausch & Lomb alerted to infections in Nov.
Apr 27 2006 12:41PM (CT)
ROCHESTER, N.Y. (AP) - Bausch & Lomb Inc., which recently halted U.S. sales of a contact lens cleaner linked to an apparent outbreak of a severe fungal eye infection, said Thursday it was alerted last fall to a rise in infections among lens wearers in Hong Kong.
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GlaxoSmithKline sees 25 pct. profit rise
Apr 27 2006 12:40PM (CT)
LONDON (AP) - GlaxoSmithKline PLC said Thursday its first-quarter profit rose 25 percent compared to a year ago, and forecast a 10 percent boost in earnings per share this year.
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Prosecutors seek warrant for Hyundai chief
Apr 27 2006 12:33PM (CT)
SEOUL, South Korea (AP) - State prosecutors sought Thursday to arrest Hyundai Motor Co. Chairman Chung Mong-koo in a bribery and slush fund scandal engulfing South Korea's largest automaker. The company's shares fell 3 percent and it delayed its first-quarter earnings announcement.
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AstraZeneca says profit rises 37 percent
Apr 27 2006 12:31PM (CT)
LONDON (AP) - Pharmaceutical company AstraZeneca PLC said Thursday its first-quarter earnings rose 37 percent, driven by growth from its main drugs and cost controls, and raised its forecast for the full year.
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Euro above $1.25
Apr 27 2006 12:16PM (CT)
BERLIN (AP) - The euro rose above $1.25 Thursday, reaching its highest level in more than seven months as the U.S. Federal Reserve chairman appeared to pave the way for a pause in a string of interest rate hikes.
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Banks try to increase access, security
Apr 27 2006 12:07PM (CT)
CHICAGO (AP) - Going to the bank has never been easier, but the convenience of having a teller on virtually every street corner here has also given potential robbers more choices to pick from.
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Netgear stock rises on higher earnings
Apr 27 2006 11:42AM (CT)
NEW YORK (AP) - Shares of Netgear Inc. rose Thursday, after the networking-products company reported higher first-quarter earnings Wednesday and gave a revenue estimate for the second quarter above Wall Street's expectations.
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TransMontaigne shares leap
Apr 27 2006 11:27AM (CT)
NEW YORK (AP) - Shares of TransMontaigne Inc. leaped Thursday, after disclosure that Morgan Stanley raised its bid for the energy company by 24 percent.
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Dollar falls, gold rises in Europe
Apr 27 2006 10:54AM (CT)
LONDON (AP) - The U.S. dollar fell against other major currencies in late European trading Thursday. Gold prices rose.
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DaimlerChrysler 1Q profit up 4 percent
Apr 27 2006 10:28AM (CT)
BERLIN (AP) - DaimlerChrysler AG reported a 4 percent rise Thursday in its first-quarter profit as continuing losses at luxury group Mercedes and lower earnings at its U.S. arm Chrysler offset stronger performances from its financial services and van and bus groups.
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Ex-Livedoor exec released from detention
Apr 27 2006 9:33AM (CT)
TOKYO (AP) - The former president of scandal-tainted Internet startup Livedoor Co. left a Tokyo detention center Thursday evening a day after a Japanese court granted his bail request.
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MGM Mirage 1Q profit rises on strong sales
Apr 27 2006 8:49AM (CT)
LAS VEGAS (AP) - MGM Mirage Inc., one of the world's largest casino companies, said Thursday its first-quarter profit increased 29 percent, driven by strong sales across all segments, including casinos and hotel rooms.
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China's central bank ups key lending rate
Apr 27 2006 8:28AM (CT)
BEIJING (AP) - China's central bank said Thursday it will raise a key lending rate by just over a quarter percentage point to 5.85 percent in a move to cool economic growth.
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McClatchy sells 4 papers to MediaNews
Apr 27 2006 7:02AM (CT)
NEW YORK (AP) - Six weeks after announcing a deal to buy the nation's second-largest newspaper company, McClatchy Co. has agreed to sell four Knight Ridder Inc. newspapers to MediaNews Group Inc. for $1 billion.
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German economists raise 2006 forecast
Apr 27 2006 6:44AM (CT)
BERLIN (AP) - Leading German economists raised their growth forecast for this year to 1.8 percent on Thursday, citing strong exports and long-awaited signs of higher consumer spending, but warned that growth will slow again in 2007.
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Fuji Film sinks into losses
Apr 27 2006 6:40AM (CT)
TOKYO (AP) - Fuji Photo Film Co. said Thursday it sank into losses for the latest quarter on restructuring costs as people abandon film cameras for digital cameras.
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Fujitsu says quarterly profit up 16 pct.
Apr 27 2006 6:39AM (CT)
TOKYO (AP) - Computer maker Fujitsu said Thursday profit rose 16 percent in the latest quarter on solid business performance abroad, offsetting sluggish sales in Japan.
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Diesel registrations up 80 pct. since 2000
Apr 27 2006 5:29AM (CT)
DETROIT (AP) - The number of diesel cars, trucks and sport utilities on U.S. roads rose 80 percent between 2000 and 2005 as more vehicles hit the market and more buyers chose fuel-efficient diesels as an option, according to data released Wednesday by a diesel advocacy group.
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Canon's 1Q profit hits $942M record high
Apr 27 2006 5:18AM (CT)
TOKYO (AP) - Booming digital camera and color copier sales lifted Canon's net profit 16 percent in the first quarter to a record 108.3 billion yen ($942 million), keeping Japan's top precision equipment maker on track for a seventh year of record earnings.
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In sunny Calif., endive grows in the dark
Apr 27 2006 3:20AM (CT)
RIO VISTA, Calif. (AP) - Rich Collins was 18 when he tried to grow endive in a closet at his family's home, beginning his quest to perfect the odd growing technique that produces the blanched, bullet-shaped vegetable.
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Mitsubishi Motors falls short of forecast
Apr 27 2006 3:15AM (CT)
TOKYO (AP) - Scandal-tainted Mitsubishi Motors Corp. said Thursday it booked its third straight year of losses but predicted a return to the black in the current business year on rising shipments worldwide.
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