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American Airlines adding 1st-class perks
May 1 2007 11:25PM (CT)
DALLAS (AP) - American Airlines is offering free on-demand video and audio entertainment for first- and business-class passengers on transcontinental flights and will test a media player on some flights between Los Angeles and Chicago.
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Rupert Murdoch bids $5B for Dow Jones
May 1 2007 11:08PM (CT)
NEW YORK (AP) - Rupert Murdoch hasn't shrunk away from fights as he built News Corp. into a global media empire. But his surprise $5 billion bid for Dow Jones & Co., publisher of The Wall Street Journal, faces tough sledding after the company's controlling shareholders said they would block it.
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Rupert Murdoch bids $5B for Dow Jones
May 1 2007 11:08PM (CT)
NEW YORK (AP) - Rupert Murdoch hasn't shrunk away from fights as he built News Corp. into a global media empire. But his surprise $5 billion bid for Dow Jones & Co., publisher of The Wall Street Journal, faces tough sledding after the company's controlling shareholders said they would block it.
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Rupert Murdoch bids $5B for Dow Jones
May 1 2007 11:08PM (CT)
NEW YORK (AP) - Rupert Murdoch hasn't shrunk away from fights as he built News Corp. into a global media empire. But his surprise $5 billion bid for Dow Jones & Co., publisher of The Wall Street Journal, faces tough sledding after the company's controlling shareholders said they would block it.
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Rupert Murdoch bids $5B for Dow Jones
May 1 2007 11:08PM (CT)
NEW YORK (AP) - Rupert Murdoch hasn't shrunk away from fights as he built News Corp. into a global media empire. But his surprise $5 billion bid for Dow Jones & Co., publisher of The Wall Street Journal, faces tough sledding after the company's controlling shareholders said they would block it.
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Bank pledges decision soon on Wolfowitz
May 1 2007 9:56PM (CT)
WASHINGTON (AP) - The World Bank's board expressed fresh concern Tuesday over bank president Paul Wolfowitz's handling of a hefty pay package for his girlfriend and promised a decision soon in a controversy that has led to calls for his resignation.
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Bank pledges decision soon on Wolfowitz
May 1 2007 9:56PM (CT)
WASHINGTON (AP) - The World Bank's board expressed fresh concern Tuesday over bank president Paul Wolfowitz's handling of a hefty pay package for his girlfriend and promised a decision soon in a controversy that has led to calls for his resignation.
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P&G 3Q profit rises 14 percent
May 1 2007 9:46PM (CT)
CINCINNATI (AP) - Procter & Gamble Co. said Tuesday that strong growth in developing markets helped power earnings 14 percent higher in the third quarter for the world's largest consumer product company.
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P&G 3Q profit rises 14 percent
May 1 2007 9:46PM (CT)
CINCINNATI (AP) - Procter & Gamble Co. said Tuesday that strong growth in developing markets helped power earnings 14 percent higher in the third quarter for the world's largest consumer product company.
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Former governor testifies at Black trial
May 1 2007 9:32PM (CT)
CHICAGO (AP) - Former Illinois Gov. James R. Thompson said at media mogul Conrad Black's trial Tuesday he once took his wife for a three-day stay at a plush London hotel at the expense of the Hollinger newspaper empire.
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Former governor testifies at Black trial
May 1 2007 9:32PM (CT)
CHICAGO (AP) - Former Illinois Gov. James R. Thompson said at media mogul Conrad Black's trial Tuesday he once took his wife for a three-day stay at a plush London hotel at the expense of the Hollinger newspaper empire.
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Venezuela seizes last private oil fields
May 1 2007 9:18PM (CT)
BARCELONA, Venezuela (AP) - President Hugo Chavez's government took over Venezuela's last privately run oil fields Tuesday, intensifying a power struggle with international companies over the world's largest known single petroleum deposit.
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Venezuela seizes last private oil fields
May 1 2007 9:18PM (CT)
BARCELONA, Venezuela (AP) - President Hugo Chavez's government took over Venezuela's last privately run oil fields Tuesday, intensifying a power struggle with international companies over the world's largest known single petroleum deposit.
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New York magazine wins 5 awards
May 1 2007 9:06PM (CT)
NEW YORK (AP) - New York magazine won five National Magazine Awards on Tuesday night, clinching more than any other title. National Geographic won the prize for overall excellence in the largest circulation category.
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Report: Talks on privatizing Cablevision
May 1 2007 8:32PM (CT)
NEW YORK (AP) - The Dolan family, which controls Cablevision Systems Corp., was in advanced talks Tuesday in another attempt to take the company private, according to a published report.
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Report: Talks on privatizing Cablevision
May 1 2007 8:32PM (CT)
NEW YORK (AP) - The Dolan family, which controls Cablevision Systems Corp., was in advanced talks Tuesday in another attempt to take the company private, according to a published report.
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Orlando Sentinel to cut about 24 jobs
May 1 2007 7:17PM (CT)
ORLANDO, Fla. (AP) - The Orlando Sentinel will cut about 24 jobs in its newsroom during the next four to six weeks, Senior Vice President and Editor Charlotte Hall said in a memo Tuesday.
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Orlando Sentinel to cut about 24 jobs
May 1 2007 7:17PM (CT)
ORLANDO, Fla. (AP) - The Orlando Sentinel will cut about 24 jobs in its newsroom during the next four to six weeks, Senior Vice President and Editor Charlotte Hall said in a memo Tuesday.
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Chiquita reports 1Q loss
May 1 2007 7:08PM (CT)
CINCINNATI (AP) - Chiquita Brands International Inc., one of the world's largest distributors of bananas and other fresh fruits and packaged salads, said Tuesday that its first-quarter results were sharply lower than a year ago, partly because of costs related to getting out of unprofitable farm leases in Chile.
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Chiquita reports 1Q loss
May 1 2007 7:08PM (CT)
CINCINNATI (AP) - Chiquita Brands International Inc., one of the world's largest distributors of bananas and other fresh fruits and packaged salads, said Tuesday that its first-quarter results were sharply lower than a year ago, partly because of costs related to getting out of unprofitable farm leases in Chile.
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Iowa refinery snags may raise gas prices
May 1 2007 6:45PM (CT)
DES MOINES, Iowa (AP) - Refinery snags that left two Iowa storage facilities short of fuel over the weekend are a reminder of how tight the U.S. gasoline market has become and why average prices could soon top $3 a gallon, experts said Tuesday.
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Iowa refinery snags may raise gas prices
May 1 2007 6:45PM (CT)
DES MOINES, Iowa (AP) - Refinery snags that left two Iowa storage facilities short of fuel over the weekend are a reminder of how tight the U.S. gasoline market has become and why average prices could soon top $3 a gallon, experts said Tuesday.
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Sands' Adelson made $5.6 million in 2006
May 1 2007 6:42PM (CT)
LAS VEGAS (AP) - Billionaire Sheldon Adelson received $5.6 million in compensation as chief executive of Las Vegas Sands Corp. in 2006 and also added about $9.2 billion in personal wealth as the casino company's share price more than doubled.
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Sands' Adelson made $5.6 million in 2006
May 1 2007 6:42PM (CT)
LAS VEGAS (AP) - Billionaire Sheldon Adelson received $5.6 million in compensation as chief executive of Las Vegas Sands Corp. in 2006 and also added about $9.2 billion in personal wealth as the casino company's share price more than doubled.
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Murdoch offer stuns Journal newsroom
May 1 2007 5:55PM (CT)
NEW YORK (AP) - As head of the bargaining committee at Dow Jones & Co.'s union, longtime Wall Street Journal reporter E.S. "Jim" Browning has been focusing on health care costs and other contract issues. But news that Rupert Murdoch wants to buy the company was all he and many of his colleagues could talk about Tuesday.
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Murdoch offer stuns Journal newsroom
May 1 2007 5:55PM (CT)
NEW YORK (AP) - As head of the bargaining committee at Dow Jones & Co.'s union, longtime Wall Street Journal reporter E.S. "Jim" Browning has been focusing on health care costs and other contract issues. But news that Rupert Murdoch wants to buy the company was all he and many of his colleagues could talk about Tuesday.
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GM, Ford, Toyota, Honda sales drop
May 1 2007 5:23PM (CT)
DETROIT (AP) - April was such a lousy auto sales month that every major manufacturer but Chrysler reported a decrease from the same month last year. Even Toyota.
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GM, Ford, Toyota, Honda sales drop
May 1 2007 5:23PM (CT)
DETROIT (AP) - April was such a lousy auto sales month that every major manufacturer but Chrysler reported a decrease from the same month last year. Even Toyota.
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GM, Ford, Toyota, Honda sales drop
May 1 2007 5:23PM (CT)
DETROIT (AP) - April was such a lousy auto sales month that every major manufacturer but Chrysler reported a decrease from the same month last year. Even Toyota.
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GM, Ford, Toyota, Honda sales drop
May 1 2007 5:23PM (CT)
DETROIT (AP) - April was such a lousy auto sales month that every major manufacturer but Chrysler reported a decrease from the same month last year. Even Toyota.
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BP CEO John Browne resigns amid furor
May 1 2007 5:22PM (CT)
LONDON (AP) - BP PLC's Chief Executive John Browne resigned Tuesday, hours after a judge allowed a newspaper to publish allegations from a former boyfriend that the executive misused company resources.
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Anadarko 1Q profit down
May 1 2007 5:00PM (CT)
HOUSTON (AP) - Anadarko Petroleum Corp. said Tuesday a new windfall tax in Algeria could cost it $450 million this year, but the independent oil and gas producer disputes the assessment and will try to get back the money.
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Anadarko 1Q profit down
May 1 2007 5:00PM (CT)
HOUSTON (AP) - Anadarko Petroleum Corp. said Tuesday a new windfall tax in Algeria could cost it $450 million this year, but the independent oil and gas producer disputes the assessment and will try to get back the money.
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MetLife 1Q profit rises 38 percent
May 1 2007 4:41PM (CT)
NEW YORK (AP) - MetLife Inc., one of the nation's top insurers, said Tuesday that first-quarter profit rose 38 percent compared to a year ago on stronger-than-expected investment income and higher revenue from premiums and fees.
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Treasurys down mildly on factory report
May 1 2007 4:13PM (CT)
NEW YORK (AP) - U.S. government bond prices inched down Tuesday as a glowing April manufacturing survey reminded investors yet again that the economy is too strong to warrant a cut in interest rates.
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Treasurys down mildly on factory report
May 1 2007 4:13PM (CT)
NEW YORK (AP) - U.S. government bond prices inched down Tuesday as a glowing April manufacturing survey reminded investors yet again that the economy is too strong to warrant a cut in interest rates.
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ArvinMeritor cuts 2,800 jobs, 13 plants
May 1 2007 3:52PM (CT)
DETROIT (AP) - Auto parts supplier ArvinMeritor Inc. said Tuesday it would close 13 plants in North America and Europe and cut 2,800 jobs globally in a restructuring plan expected to cost $325 million.
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Yum Brands 1Q profit climbs 14 percent
May 1 2007 3:38PM (CT)
LOUISVILLE, Ky. (AP) - Yum Brands Inc., the operator of KFC, Taco Bell and Pizza Hut fast-food chains, said Tuesday its first-quarter profit climbed 14 percent as a sharp rise in international sales offset lackluster U.S. results in the wake of an E. coli outbreak and rat infestation at Taco Bell restaurants.
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Stocks up on Murdoch bid for Dow Jones
May 1 2007 3:38PM (CT)
NEW YORK (AP) - Investors resumed their buying spree on Wall Street Tuesday, driving stocks higher after a bid for media company Dow Jones & Co. revived enthusiasm about takeover activity.
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U.S. manufacturing sector accelerates
May 1 2007 3:29PM (CT)
NEW YORK (AP) - Faster-than-expected manufacturing growth in April led to rising prices in many raw materials _ metals, fuel and corn-based products _ fanning worries on Tuesday that inflation would keep the Federal Reserve from lowering interest rates.
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U.S. manufacturing sector accelerates
May 1 2007 3:29PM (CT)
NEW YORK (AP) - Faster-than-expected manufacturing growth in April led to rising prices in many raw materials _ metals, fuel and corn-based products _ fanning worries on Tuesday that inflation would keep the Federal Reserve from lowering interest rates.
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ADM's 3Q profit misses expectations
May 1 2007 3:28PM (CT)
CHAMPAIGN, Ill. (AP) - Shares of Archer Daniels Midland Co. fell nearly 6 percent Tuesday after the nation's largest ethanol producer reported a profit increase for the third fiscal quarter that fell short of Wall Street expectations.
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Video adds heft, hurdles to resumes
May 1 2007 3:22PM (CT)
NEW YORK (AP) - Fallon Rechnitz set her video-capable digital camera on a stack of books. She then hit the record button and spoke for about 30 seconds, instantly producing a video resume she plans to send to potential employers.
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Video adds heft, hurdles to resumes
May 1 2007 3:22PM (CT)
NEW YORK (AP) - Fallon Rechnitz set her video-capable digital camera on a stack of books. She then hit the record button and spoke for about 30 seconds, instantly producing a video resume she plans to send to potential employers.
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Video adds heft, hurdles to resumes
May 1 2007 3:22PM (CT)
NEW YORK (AP) - Fallon Rechnitz set her video-capable digital camera on a stack of books. She then hit the record button and spoke for about 30 seconds, instantly producing a video resume she plans to send to potential employers.
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Video adds heft, hurdles to resumes
May 1 2007 3:22PM (CT)
NEW YORK (AP) - Fallon Rechnitz set her video-capable digital camera on a stack of books. She then hit the record button and spoke for about 30 seconds, instantly producing a video resume she plans to send to potential employers.
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Groups press for China oil divestment
May 1 2007 3:16PM (CT)
WASHINGTON (AP) - The Save Darfur Coalition stepped up its campaign against the Sudanese government on Tuesday by pressuring Berkshire Hathaway Inc. and Fidelity Investments to withdraw their financial interests in a Chinese company linked to development of Sudan's flourishing oil industry.
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Groups press for China oil divestment
May 1 2007 3:16PM (CT)
WASHINGTON (AP) - The Save Darfur Coalition stepped up its campaign against the Sudanese government on Tuesday by pressuring Berkshire Hathaway Inc. and Fidelity Investments to withdraw their financial interests in a Chinese company linked to development of Sudan's flourishing oil industry.
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Groups press for China oil divestment
May 1 2007 3:16PM (CT)
WASHINGTON (AP) - The Save Darfur Coalition stepped up its campaign against the Sudanese government on Tuesday by pressuring Berkshire Hathaway Inc. and Fidelity Investments to withdraw their financial interests in a Chinese company linked to development of Sudan's flourishing oil industry.
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Bernanke raps economic isolationism
May 1 2007 12:54PM (CT)
WASHINGTON (AP) - A move to protect threatened American industries and workers from foreign competition would be a serious mistake that would jeopardize the sizable benefits of free trade, Federal Reserve Chairman Ben Bernanke said Tuesday.
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Bernanke raps economic isolationism
May 1 2007 12:54PM (CT)
WASHINGTON (AP) - A move to protect threatened American industries and workers from foreign competition would be a serious mistake that would jeopardize the sizable benefits of free trade, Federal Reserve Chairman Ben Bernanke said Tuesday.
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Medco Health Solutions 1Q profit surges
May 1 2007 9:00AM (CT)
FRANKLIN LAKES, N.J. (AP) - Medco Health Solutions Inc., one of the biggest U.S. prescription-benefit managers, said Tuesday its first-quarter profit climbeed on strength in generic drugs and mail-order prescriptions. It also boosted its forecast for the year.
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Medco Health Solutions 1Q profit surges
May 1 2007 9:00AM (CT)
FRANKLIN LAKES, N.J. (AP) - Medco Health Solutions Inc., one of the biggest U.S. prescription-benefit managers, said Tuesday its first-quarter profit climbeed on strength in generic drugs and mail-order prescriptions. It also boosted its forecast for the year.
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Sirius Satellite Radio 1Q loss narrows
May 1 2007 8:50AM (CT)
NEW YORK (AP) - Sirius Satellite Radio Inc. on Tuesday reported a narrower loss for its first quarter compared with the same period a year ago, when it recorded $225 million in expenses for stock paid to Howard Stern.
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Avon 1Q profit soars
May 1 2007 8:42AM (CT)
NEW YORK (AP) - Avon Products Inc.'s first-quarter profit nearly tripled, as the direct seller of beauty products shows results from its turnaround efforts. Its shares rose 2 percent.
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Circuit City pulls outlook, stock sinks
May 1 2007 8:40AM (CT)
RICHMOND, Va. (AP) - Circuit City Stores Inc. shares plunged to a new 52-week low Tuesday, after the electronics and entertainment retailer said it expects to post a first-quarter loss because of poor big-screen TV sales and withdrew its earnings outlook for the first half of the fiscal year.
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Stocks falls in Tokyo, Sydney
May 1 2007 8:22AM (CT)
TOKYO (AP) - Japanese and Australian stocks fell in quiet trading Tuesday as traders took their cues from Monday's performamce on Wall Street. Many other markets in the region were closed for holidays.
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U.S. cocoa futures hit 7-week lows
May 1 2007 6:19AM (CT)
NEW YORK (AP) - U.S. cocoa futures fell to seven-week lows Monday as beneficial rains falling over West African growing regions raised supply concerns among investors.
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Sierra snowpack won't effect farmers
May 1 2007 3:57AM (CT)
SACRAMENTO, Calif. (AP) - While the Sierra snowpack is near its lowest level in almost two decades, state water managers say they expect few immediate consequences for farmers.
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Euro hits record high against yen
May 1 2007 2:57AM (CT)
TOKYO (AP) - The euro hit a record high of 163.31 yen on Tuesday amid expectations the European Central Bank will continue to tighten monetary policy while the Bank of Japan moves slowly on raising interest rates.
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