Latest Business News
Economic Figures
Dollar & Gold News
Board of Trade News
Personal Finance
|
|
|
|
|
|
Starbucks 2Q profits rise 18 percent
May 3 2007 11:44PM (CT)
SEATTLE (AP) - Despite flat traffic in U.S. stores, Starbucks' aggressive global expansion helped second-quarter profits jump 18.5 percent, and even though the coffee chain's ever-growing presence around the world is driving up some costs, executives say they're confident the investment will pay off in the long run.
|
|
|
Chavez threatens to nationalize banks
May 3 2007 11:26PM (CT)
CARACAS, Venezuela (AP) - Venezuelan President Hugo Chavez warned he will nationalize the country's banks and largest steel producer in an apparent bid to strong-arm the businesses to contribute more to local industry.
|
|
|
Chavez threatens to nationalize banks
May 3 2007 11:26PM (CT)
CARACAS, Venezuela (AP) - Venezuelan President Hugo Chavez warned he will nationalize the country's banks and largest steel producer in an apparent bid to strong-arm the businesses to contribute more to local industry.
|
|
|
Chavez threatens to nationalize banks
May 3 2007 11:26PM (CT)
CARACAS, Venezuela (AP) - Venezuelan President Hugo Chavez warned he will nationalize the country's banks and largest steel producer in an apparent bid to strong-arm the businesses to contribute more to local industry.
|
|
|
Chavez threatens to nationalize banks
May 3 2007 11:26PM (CT)
CARACAS, Venezuela (AP) - Venezuelan President Hugo Chavez warned he will nationalize the country's banks and largest steel producer in an apparent bid to strong-arm the businesses to contribute more to local industry.
|
|
|
Oil prices steady around $63 a barrel
May 3 2007 11:18PM (CT)
SINGAPORE (AP) - Oil prices were steady around $63 a barrel in Asian trading Friday despite a spate of oil-worker kidnappings and attacks in Nigeria's oil-rich delta region.
|
|
|
Bidder: Qantas takeover on 'knife edge'
May 3 2007 10:39PM (CT)
SYDNEY, Australia (AP) - A 10.8 billion Australian dollar ($8.9 billion) takeover offer for Australia's Qantas airline crept closer to success Friday with hours to go before a deadline, but bidders needed a surge in support to get them over the line.
|
|
|
New flight connects gambling hotspots
May 3 2007 10:36PM (CT)
ATLANTIC CITY, N.J. (AP) - A new nonstop flight connecting the nation's two main gambling hotspots began operating Thursday.
|
|
|
Beazer Homes says SEC conducting probe
May 3 2007 10:35PM (CT)
ATLANTA (AP) - Beazer Homes USA Inc. has received a notice from the Securities and Exchange Commission that the agency is conducting an informal inquiry to determine if any person or entity related to the company has violated securities laws, the homebuilder said Thursday.
|
|
|
Starbucks, Ethiopia near licensing deal
May 3 2007 10:34PM (CT)
SEATTLE (AP) - Starbucks expects to complete a licensing, distribution and marketing deal with Ethiopia this month that would settle a dispute over trademarks for three coffees produced in the African nation.
|
|
|
New Century to lay off 2,000 workers
May 3 2007 10:33PM (CT)
LOS ANGELES (AP) - Financially strapped subprime mortgage lender New Century Financial Corp., failed to receive any bids for its mortgage loan origination business, forcing it to shut down the unit and lay off around 2,000 employees, the company told employees Thursday.
|
|
|
New North Korean liquor coming to U.S.
May 3 2007 10:27PM (CT)
SEOUL, South Korea (AP) - A traditional North Korean liquor that is clear and tastes smoother and sweeter than vodka is expected to hit the U.S. market as early as next month, a news report said Thursday.
|
|
|
Imported drugs bid passes Senate hurdle
May 3 2007 10:26PM (CT)
WASHINGTON (AP) - A bid to allow lower-priced drugs to be imported from Canada and elsewhere survived a challenge in the Senate on Thursday, making approval likely despite the Bush administration's opposition.
|
|
|
GM profit falls 90 percent from year-ago
May 3 2007 10:26PM (CT)
DETROIT (AP) - The troubled mortgage market spilled onto General Motors Corp.'s balance sheet Thursday as first-quarter profits dropped 90 percent from a year ago due mainly to losses at GM's former financial arm.
|
|
|
GM profit falls 90 percent from year-ago
May 3 2007 10:26PM (CT)
DETROIT (AP) - The troubled mortgage market spilled onto General Motors Corp.'s balance sheet Thursday as first-quarter profits dropped 90 percent from a year ago due mainly to losses at GM's former financial arm.
|
|
|
GM profit falls 90 percent from year-ago
May 3 2007 10:26PM (CT)
DETROIT (AP) - The troubled mortgage market spilled onto General Motors Corp.'s balance sheet Thursday as first-quarter profits dropped 90 percent from a year ago due mainly to losses at GM's former financial arm.
|
|
|
United buys stake in Aloha Airlines
May 3 2007 10:25PM (CT)
HONOLULU (AP) - UAL Corp.'s United Airlines announced Thursday that it is acquiring a minority stake in Aloha Airlines as the two carriers seek to strengthen their partnership in the Hawaii and trans-Pacific markets.
|
|
|
Cablevision posts smaller 1Q loss
May 3 2007 10:19PM (CT)
NEW YORK (AP) - Cablevision Systems Corp. reported a sharply narrower loss for its first quarter on Thursday, a day after the cable TV company agreed to be taken private by its controlling shareholders, the Dolan family.
|
|
|
Clear Channel board rejects buyout offer
May 3 2007 10:19PM (CT)
SAN ANTONIO (AP) - Clear Channel Communications Inc. said Thursday its board of directors has rejected a private equity group's modified buyout offer for the radio and billboard company, and there already are enough shareholder votes against the existing $19.35 billion bid to defeat it.
|
|
|
Cuomo widens student loan investigation
May 3 2007 7:37PM (CT)
ALBANY, N.Y. (AP) - New York Attorney General Andrew Cuomo has broadened his student loan investigation to alumni associations nationwide that steer students to loan consolidation companies.
|
|
|
American Airlines pilots seek raise
May 3 2007 7:18PM (CT)
FORT WORTH, Texas (AP) - American Airlines pilots asked the company Thursday for a 30.5 percent pay raise plus signing bonuses, which union leaders said would make up for pay cuts that the employees accepted in 2003.
|
|
|
Wal-Mart: 2006 employee perks topped $1B
May 3 2007 5:54PM (CT)
BENTONVILLE, Ark. (AP) - Wal-Mart Stores Inc. announced Thursday that it paid its hourly employees more than $1.1 billion in profit sharing, retirement accounts, discounts and other benefits last fiscal year.
|
|
|
FCC requires retailers to label TV sets
May 3 2007 5:52PM (CT)
WASHINGTON (AP) - Millions of television sets could become inoperable two years from now when broadcasters switch from analog to digital signals.
|
|
|
MGM Mirage 1Q profit rises 17 percent
May 3 2007 5:15PM (CT)
LAS VEGAS (AP) - Casino operator MGM Mirage Inc. said Thursday its first-quarter profit climbed 17 percent on strong non-gambling revenues in Las Vegas and its new Beau Rivage resort in Mississippi, but weaker casino results caused it to miss Wall Street estimates and its shares slid more than 4 percent.
|
|
|
Treasury prices retreat on economic data
May 3 2007 4:51PM (CT)
NEW YORK (AP) - U.S. Treasury bond prices fell Thursday, weighed down by the April Institute for Supply Management non-manufacturing index and by investor positioning ahead of Friday's nonfarm payrolls report.
|
|
|
Treasury prices retreat on economic data
May 3 2007 4:51PM (CT)
NEW YORK (AP) - U.S. Treasury bond prices fell Thursday, weighed down by the April Institute for Supply Management non-manufacturing index and by investor positioning ahead of Friday's nonfarm payrolls report.
|
|
|
Growth in worker productivity slows
May 3 2007 4:39PM (CT)
WASHINGTON (AP) - The growth in worker productivity slowed in the first three months of this year but so did wages, providing evidence that a slowing economy is holding down inflation.
|
|
|
Group says export of biotech feed a risk
May 3 2007 4:00PM (CT)
DES MOINES, Iowa (AP) - Ethanol industry leaders say a new biotech product that helps corn fight off pests could end up in exported animal feed and risk the industry's relationship with foreign markets.
|
|
|
Delta's new stock begins trading
May 3 2007 3:48PM (CT)
ATLANTA (AP) - Delta Air Lines Inc.'s new shares began their first trading day on the New York Stock Exchange on Thursday at a price below the company's initial projection.
|
|
|
Court blocks ABN Amro's LaSalle sale
May 3 2007 3:39PM (CT)
AMSTERDAM, Netherlands (AP) - A Dutch court blocked ABN Amro's planned sale of a Chicago bank on Thursday, a ruling that makes it more likely a group led by Royal Bank of Scotland will capture ABN Amro in the industry's largest takeover battle.
|
|
|
U.S tourism no-show in Arab market
May 3 2007 3:17PM (CT)
DUBAI, United Arab Emirates (AP) - Promoters from 64 countries vied this week to lure big-spending Arab tourists to their countries at the Middle East's largest tourism convention.
|
|
|
July copper hits contract high
May 3 2007 3:09PM (CT)
NEW YORK (AP) - Copper futures hit contract highs in New York on Thursday, boosted by ongoing warehouse inventory drawdowns and labor unrest in Peru.
|
|
|
Wolfowitz fights to keep World Bank job
May 3 2007 3:00PM (CT)
WASHINGTON (AP) - Fighting to keep his job, World Bank President Paul Wolfowitz issued a rebuttal Thursday that blamed unclear bank rules for creating questions about his handling of hefty pay raises for his girlfriend.
|
|
|
Wolfowitz fights to keep World Bank job
May 3 2007 3:00PM (CT)
WASHINGTON (AP) - Fighting to keep his job, World Bank President Paul Wolfowitz issued a rebuttal Thursday that blamed unclear bank rules for creating questions about his handling of hefty pay raises for his girlfriend.
|
|
|
Wolfowitz fights to keep World Bank job
May 3 2007 3:00PM (CT)
WASHINGTON (AP) - Fighting to keep his job, World Bank President Paul Wolfowitz issued a rebuttal Thursday that blamed unclear bank rules for creating questions about his handling of hefty pay raises for his girlfriend.
|
|
|
Wolfowitz fights to keep World Bank job
May 3 2007 3:00PM (CT)
WASHINGTON (AP) - Fighting to keep his job, World Bank President Paul Wolfowitz issued a rebuttal Thursday that blamed unclear bank rules for creating questions about his handling of hefty pay raises for his girlfriend.
|
|
|
IAC/InterActiveCorp 1Q net profit rises
May 3 2007 2:18PM (CT)
NEW YORK (AP) - IAC/InterActiveCorp., owner of Citysearch and Ticketmaster, predicted Thursday that its second-quarter results will feel pressure from lower sales at its HSN home shopping network and LendingTree units after posting higher first-quarter net earnings.
|
|
|
Imus lawyer: We'll sue for full contract
May 3 2007 1:47PM (CT)
NEW YORK (AP) - Disgraced radio host Don Imus will sue CBS Radio for the huge portion of his $40 million contract that was left unpaid after he was fired for racist and sexist comments, his attorney said Thursday.
|
|
|
Imus lawyer: We'll sue for full contract
May 3 2007 1:47PM (CT)
NEW YORK (AP) - Disgraced radio host Don Imus will sue CBS Radio for the huge portion of his $40 million contract that was left unpaid after he was fired for racist and sexist comments, his attorney said Thursday.
|
|
|
Shell earnings climb 5.7 percent in 1Q
May 3 2007 1:43PM (CT)
AMSTERDAM, Netherlands (AP) - Royal Dutch Shell PLC, Europe's biggest oil company, said Thursday its first-quarter earnings rose 5.7 percent, despite falling oil prices and declining profit at its production and refining arms.
|
|
|
Martha Stewart Omnimedia 1Q loss widens
May 3 2007 1:30PM (CT)
NEW YORK (AP) - Martha Stewart Living Omnimedia Inc. said Thursday its first-quarter loss widened, weighed down by a charge associated with production of its syndicated TV program. The multimedia empire also announced it signed an agreement with Costco Wholesale Corp. to sell a cobranded line of frozen and fresh food.
|
|
|
Martha Stewart Omnimedia 1Q loss widens
May 3 2007 1:30PM (CT)
NEW YORK (AP) - Martha Stewart Living Omnimedia Inc. said Thursday its first-quarter loss widened, weighed down by a charge associated with production of its syndicated TV program. The multimedia empire also announced it signed an agreement with Costco Wholesale Corp. to sell a cobranded line of frozen and fresh food.
|
|
|
New Camel brand courts women, sparks ire
May 3 2007 12:04PM (CT)
NEW YORK (AP) - The little box is black, sleek and shiny, with an elegant border of sophisticated teal or fuschia. On the shelf, it stands out. It's chic, a little European, maybe a little "Sex and the City."
|
|
|
30-year mortgage rates hold steady
May 3 2007 11:08AM (CT)
WASHINGTON (AP) - Rates on 30-year mortgages held steady this week near their low point for the year, reflecting the slowdown in economic growth.
|
|
|
CBS 1Q profit falls 6 percent on charge
May 3 2007 10:45AM (CT)
NEW YORK (AP) - CBS Corp., producer of "60 Minutes" and the hit crime series "CSI," said Thursday its first-quarter earnings fell 6 percent, hurt by the sale of radio stations and lower syndicated TV income.
|
|
|
CBS 1Q profit falls 6 percent on charge
May 3 2007 10:45AM (CT)
NEW YORK (AP) - CBS Corp., producer of "60 Minutes" and the hit crime series "CSI," said Thursday its first-quarter earnings fell 6 percent, hurt by the sale of radio stations and lower syndicated TV income.
|
|
|
Service sector expands at faster rate
May 3 2007 10:31AM (CT)
WASHINGTON (AP) - The U.S. service sector expanded at a faster rate in April after hitting a four-year low in March, a trade group said Thursday, though concerns about energy costs persist.
|
|
|
OfficeMax shares sink after profit miss
May 3 2007 10:21AM (CT)
CHICAGO (AP) - OfficeMax Inc. said Thursday it swung to a first-quarter profit, but retail sales declined and results fell short of analyst expectations. Its stock tumbled as much as 16 percent.
|
|
|
Menu foods opts for another recall
May 3 2007 10:03AM (CT)
WASHINGTON (AP) - Pet food manufacturer Menu Foods expanded its recall Thursday because of possible cross-contamination between melamine-tainted products and other foods made in the same period.
|
|
|
Berkshire holdings to face scrutiny
May 3 2007 7:09AM (CT)
OMAHA, Neb. (AP) - The mix of companies and investments billionaire Warren Buffett's company holds makes some people think investing in Berkshire Hathaway Inc. is a bit like buying shares of a mutual fund that emphasizes insurance. But some analysts say that's not the right way to think of the Omaha-based company because it owns more than 60 different companies outright in addition to its $61.5 billion investment portfolios.
|
|
|
Norilsk Nickel makes bid for LionOre
May 3 2007 5:47AM (CT)
MOSCOW (AP) - Norilsk Nickel, the world's biggest producer of nickel and palladium, announced Thursday that it had launched a 5.3 billion Canadian dollar ($4.8 billion) bid for nickel and gold producer LionOre.
|
|
|
Baby bibs sold at Wal-Mart recalled
May 3 2007 5:00AM (CT)
LITTLE ROCK, Ark. (AP) - The discovery of lead in the fabric of a brand of baby bibs sold at Wal-Mart Stores has resulted in a recall of the items, the company said.
|
|
|
BMW's 1Q profit plunges 38 percent
May 3 2007 4:58AM (CT)
FRANKFURT, Germany (AP) - Luxury car maker BMW AG said Thursday its first-quarter profit dropped 38 percent as it spent more money on launching new models and because last year's figure included a one-time gain.
|
|
|
Other bidders could emerge for Dow Jones
May 3 2007 4:48AM (CT)
NEW YORK (AP) - Investors are betting that Dow Jones & Co., publisher of The Wall Street Journal, is now firmly in play, even after the controlling Bancroft family turned thumbs down to a $5 billion bid from Rupert Murdoch.
|
|
|
Other bidders could emerge for Dow Jones
May 3 2007 4:48AM (CT)
NEW YORK (AP) - Investors are betting that Dow Jones & Co., publisher of The Wall Street Journal, is now firmly in play, even after the controlling Bancroft family turned thumbs down to a $5 billion bid from Rupert Murdoch.
|
|
|
Cablevision agrees to be taken private
May 3 2007 4:44AM (CT)
NEW YORK (AP) - Cablevision Systems Corp., a New York-area cable TV provider that also owns Madison Square Garden, said Wednesday it has agreed to be taken private by the Dolan family, the company's controlling shareholders, in a deal worth about $10.6 billion.
|
|
|
Cablevision agrees to be taken private
May 3 2007 4:44AM (CT)
NEW YORK (AP) - Cablevision Systems Corp., a New York-area cable TV provider that also owns Madison Square Garden, said Wednesday it has agreed to be taken private by the Dolan family, the company's controlling shareholders, in a deal worth about $10.6 billion.
|
|
|
MasterCard 1Q profit surges 70 percent
May 3 2007 4:37AM (CT)
NEW YORK (AP) - MasterCard Inc., the world's second-biggest credit card franchise, on Wednesday reported favorable currency exchanges and stronger use of its brand overseas led to a record first-quarter profit.
|
|
|
Fannie Mae profit rises for 2005
May 3 2007 4:37AM (CT)
WASHINGTON (AP) - Fannie Mae, which finances one of every five home loans in the United States, reported Wednesday its profit rose 26 percent in 2005, but expects to report lower earnings for 2006. It also named a new chief financial officer and raised its dividend.
|
|
|
|
|
|