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Testimony: Black consulted on everything
May 7 2007 11:47PM (CT)
CHICAGO (AP) - The former second in command of media mogul Conrad Black's Hollinger International newspaper empire says he never made a financial decision or sold an asset without consulting Black himself.
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Motorola says Icahn not elected to board
May 7 2007 10:20PM (CT)
CHICAGO (AP) - Billionaire financier Carl Icahn was not elected to Motorola Inc.'s board of directors, according to preliminary results released Monday night by the cell phone maker. Final results from Monday evening's shareholder vote could takes weeks to tabulate, the company said in a statement.
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Motorola says Icahn not elected to board
May 7 2007 10:20PM (CT)
CHICAGO (AP) - Billionaire financier Carl Icahn was not elected to Motorola Inc.'s board of directors, according to preliminary results released Monday night by the cell phone maker. Final results from Monday evening's shareholder vote could takes weeks to tabulate, the company said in a statement.
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Motorola says Icahn not elected to board
May 7 2007 10:20PM (CT)
CHICAGO (AP) - Billionaire financier Carl Icahn was not elected to Motorola Inc.'s board of directors, according to preliminary results released Monday night by the cell phone maker. Final results from Monday evening's shareholder vote could takes weeks to tabulate, the company said in a statement.
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Oil prices steady under $62 a barrel
May 7 2007 10:13PM (CT)
SINGAPORE (AP) - Oil prices were nearly flat in Asian trading Tuesday amid forecasts that a midweek U.S. government report would show an increase in domestic gasoline inventories.
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Group concedes defeat in $9B Qantas bid
May 7 2007 9:54PM (CT)
SYDNEY, Australia (AP) - A 10.8 billion Australian dollar ($8.9 billion) takeover bid for one of the world's best-known airlines, Qantas, finally collapsed on Tuesday, taking the company's share price down with it.
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Group concedes defeat in $9B Qantas bid
May 7 2007 9:54PM (CT)
SYDNEY, Australia (AP) - A 10.8 billion Australian dollar ($8.9 billion) takeover bid for one of the world's best-known airlines, Qantas, finally collapsed on Tuesday, taking the company's share price down with it.
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Group concedes defeat in $9B Qantas bid
May 7 2007 9:54PM (CT)
SYDNEY, Australia (AP) - A 10.8 billion Australian dollar ($8.9 billion) takeover bid for one of the world's best-known airlines, Qantas, finally collapsed on Tuesday, taking the company's share price down with it.
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Warner to develop TV video programming
May 7 2007 9:33PM (CT)
LOS ANGELES (AP) - Warner Music Group said Monday it will begin developing and producing video programming for TV, home video and the Internet in a bid to boost exposure _ and potential sales _ for its recording artists.
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Ski resorts see drop in visitors
May 7 2007 9:11PM (CT)
LAKEWOOD, Colo. (AP) - Preliminary estimates show a 6.9 percent drop in visits to the nation's ski resorts from last year's record number, despite record-setting visits in the Rocky Mountain region this past season, the National Ski Areas Association said Monday.
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World Bank panel: Wolfowitz broke rules
May 7 2007 7:36PM (CT)
WASHINGTON (AP) - A special panel has found that World Bank President Paul Wolfowitz broke bank rules in arranging a pay package and promotion for his girlfriend, a person familiar with the report said Monday.
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World Bank panel: Wolfowitz broke rules
May 7 2007 7:36PM (CT)
WASHINGTON (AP) - A special panel has found that World Bank President Paul Wolfowitz broke bank rules in arranging a pay package and promotion for his girlfriend, a person familiar with the report said Monday.
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Air fare increases on brink of failure
May 7 2007 6:31PM (CT)
DALLAS (AP) - Major airlines were in danger Monday of losing ground on fare increases that they attempted over the past week, as the carriers tried to navigate through weakening demand for air travel.
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TXU to take $713 million pretax charge
May 7 2007 6:26PM (CT)
DALLAS (AP) - Electric utility TXU Corp. said Monday it would take a $713 million pretax charge in the first quarter for stopping development of eight coal-fired power plants, a condition of the company's $32 billion sale to private buyers.
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Clear Channel delays buyout offer vote
May 7 2007 6:22PM (CT)
DALLAS (AP) - Clear Channel Communications Inc. delayed a vote scheduled for Tuesday on a proposed $19.35 billion buyout of the radio and billboard company to give the company time to reconsider an improved bid that its board rejected just last week.
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Thomson confirms it seeks to buy Reuters
May 7 2007 6:20PM (CT)
HARTFORD, Conn. (AP) - Financial data provider Thomson Corp. confirmed Monday it approached the board of Reuters Group PLC about a possible bid for the British news service.
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Dow Jones options trading investigated
May 7 2007 6:15PM (CT)
WASHINGTON (AP) - Federal and state authorities are investigating suspicious options trading in Dow Jones & Co. stock prior to an announcement last week of News Corp.'s $5 billion bid for the financial news publisher.
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Dow Jones options trading investigated
May 7 2007 6:15PM (CT)
WASHINGTON (AP) - Federal and state authorities are investigating suspicious options trading in Dow Jones & Co. stock prior to an announcement last week of News Corp.'s $5 billion bid for the financial news publisher.
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Wynn Resorts reports $58.4M 1Q profits
May 7 2007 6:11PM (CT)
LAS VEGAS (AP) - Casino operator Wynn Resorts Ltd. swung to a profit that was bolstered by a strong performance of Wynn Las Vegas and it's newest resort in China, Wynn Macau, the company reported Monday.
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Unions object to NWA Chapter 11 plan
May 7 2007 5:57PM (CT)
MINNEAPOLIS (AP) - The three biggest unions at Northwest Airlines Corp. objected to its reorganization plan on Monday, saying its plan to give executives almost 5 percent of the company is too expensive.
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Alcoa offers $27B for Canada's Alcan
May 7 2007 5:44PM (CT)
TORONTO (AP) - Alcoa Inc., seeking to keep pace with growing Russian rival Rusal, launched a hostile $27 billion bid for Canadian aluminum rival Alcan Inc. on Monday, after failing in almost two years of private talks to reach a negotiated deal.
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Alcoa offers $27B for Canada's Alcan
May 7 2007 5:44PM (CT)
TORONTO (AP) - Alcoa Inc., seeking to keep pace with growing Russian rival Rusal, launched a hostile $27 billion bid for Canadian aluminum rival Alcan Inc. on Monday, after failing in almost two years of private talks to reach a negotiated deal.
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Alcoa offers $27B for Canada's Alcan
May 7 2007 5:44PM (CT)
TORONTO (AP) - Alcoa Inc., seeking to keep pace with growing Russian rival Rusal, launched a hostile $27 billion bid for Canadian aluminum rival Alcan Inc. on Monday, after failing in almost two years of private talks to reach a negotiated deal.
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Alcoa offers $27B for Canada's Alcan
May 7 2007 5:44PM (CT)
TORONTO (AP) - Alcoa Inc., seeking to keep pace with growing Russian rival Rusal, launched a hostile $27 billion bid for Canadian aluminum rival Alcan Inc. on Monday, after failing in almost two years of private talks to reach a negotiated deal.
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Chrysler ads focus on engineering
May 7 2007 5:31PM (CT)
DETROIT (AP) - Starting Tuesday, Chrysler will begin an advertising campaign designed in part to change the perception that its vehicles are great looking but behind competitors in technology and quality.
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Ecuador won't renew U.S. investment deal
May 7 2007 5:14PM (CT)
QUITO, Ecuador (AP) - Ecuador's new leftist president has decided not to renew a bilateral investment treaty with the United States, the country's foreign minister said Monday, just days before a senior U.S. official is due to visit.
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Platinum hits record on fund buying
May 7 2007 4:55PM (CT)
NEW YORK (AP) - Platinum futures set a record high in New York on Monday on fund buying on a day when global activity was lighter than usual due to a holiday in London.
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Platinum hits record on fund buying
May 7 2007 4:55PM (CT)
NEW YORK (AP) - Platinum futures set a record high in New York on Monday on fund buying on a day when global activity was lighter than usual due to a holiday in London.
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AP freezes rates, proposes fee changes
May 7 2007 4:27PM (CT)
NEW YORK (AP) - The Associated Press will freeze its basic rates for newspaper and broadcast members for a second year in a row in 2008 and is proposing changes that would allow them to customize the news services they receive, the CEO of the news cooperative said Monday.
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AP freezes rates, proposes fee changes
May 7 2007 4:27PM (CT)
NEW YORK (AP) - The Associated Press will freeze its basic rates for newspaper and broadcast members for a second year in a row in 2008 and is proposing changes that would allow them to customize the news services they receive, the CEO of the news cooperative said Monday.
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BAE buys Armor Holdings for $4.1B
May 7 2007 3:22PM (CT)
CHEVY CHASE, Md. (AP) - Defense contractor BAE Systems Inc. will buy military armored vehicle maker Armor Holdings Inc. for $4.1 billion, part of BAE's bid to tap into heavy demand from the American military for vehicles in Iraq and other war zones, the company said Monday.
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Study: Blacks pay higher auto loan rates
May 7 2007 3:12PM (CT)
WASHINGTON (AP) - Blacks have been charged higher auto loan rates than other auto buyers, federal research says. But the gap in loan rates could narrow, and possibly disappear, as the result of recently concluded lawsuits.
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T-bill rates fall in weekly auction
May 7 2007 2:26PM (CT)
WASHINGTON (AP) - Interest rates on short-term Treasury bills fell in Monday's auction, with the rate on three-month bills dropping to the lowest point in nearly a year.
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T-bill rates fall in weekly auction
May 7 2007 2:26PM (CT)
WASHINGTON (AP) - Interest rates on short-term Treasury bills fell in Monday's auction, with the rate on three-month bills dropping to the lowest point in nearly a year.
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ABN Amro gets hostile $96B bid from RBS
May 7 2007 2:18PM (CT)
AMSTERDAM, Netherlands (AP) - ABN Amro NV said Monday it will let shareholders decide between a hostile 71.1 billion euros ($96.4 billion) mostly cash takeover offer from a group of banks led by Royal Bank of Scotland PLC and a friendly all-share bid by Barclays PLC worth around 64.2 billion euros ($87.1 billion).
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Consumers borrowing up despite slump
May 7 2007 2:05PM (CT)
WASHINGTON (AP) - Consumers boosted their borrowing in March at the fastest pace in four months, suggesting they are remaining resilient in the face of rising energy prices and a painful housing slump.
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Asian Development Bank seeks new mission
May 7 2007 12:32PM (CT)
KYOTO, Japan (AP) - The dual realities speak for themselves. Asia's poverty rate has plummeted from about 50 percent to less than 19 percent in the past four decades and average income has grown nearly sixfold, but nearly 2 billion people still live on less than $2 a day.
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Asian Development Bank seeks new mission
May 7 2007 12:32PM (CT)
KYOTO, Japan (AP) - The dual realities speak for themselves. Asia's poverty rate has plummeted from about 50 percent to less than 19 percent in the past four decades and average income has grown nearly sixfold, but nearly 2 billion people still live on less than $2 a day.
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Asian Development Bank seeks new mission
May 7 2007 12:32PM (CT)
KYOTO, Japan (AP) - The dual realities speak for themselves. Asia's poverty rate has plummeted from about 50 percent to less than 19 percent in the past four decades and average income has grown nearly sixfold, but nearly 2 billion people still live on less than $2 a day.
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Shoppers snag designer grocery totes
May 7 2007 12:27PM (CT)
LOS ANGELES (AP) - A trip to the grocery store is becoming a lot more fashionable as consumers look to designer totes to bag their greens and express their style.
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Ford to close Cleveland-area plant
May 7 2007 10:37AM (CT)
DETROIT (AP) - Ford Motor Co. said Monday it will close its casting plant in Brook Park, Ohio, near Cleveland in 2009. The plant employs 1,218 hourly and salaried workers.
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Ford to close Cleveland-area plant
May 7 2007 10:37AM (CT)
DETROIT (AP) - Ford Motor Co. said Monday it will close its casting plant in Brook Park, Ohio, near Cleveland in 2009. The plant employs 1,218 hourly and salaried workers.
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Principal guilty in software piracy case
May 7 2007 9:22AM (CT)
MOSCOW (AP) - A court Monday found the principal of a village school guilty of using bootleg Microsoft software and ordered him to pay a fine of about $195 in a case that was cast by Russian media as a battle between a humble educator and an international corporation.
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Principal guilty in software piracy case
May 7 2007 9:22AM (CT)
MOSCOW (AP) - A court Monday found the principal of a village school guilty of using bootleg Microsoft software and ordered him to pay a fine of about $195 in a case that was cast by Russian media as a battle between a humble educator and an international corporation.
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'Poppy quarter' behind spy coin alert
May 7 2007 9:21AM (CT)
WASHINGTON (AP) - An odd-looking Canadian coin with a bright red flower was the culprit behind a U.S. Defense Department false espionage warning earlier this year about mysterious coin-like objects with radio frequency transmitters, The Associated Press has learned.
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'Poppy quarter' behind spy coin alert
May 7 2007 9:21AM (CT)
WASHINGTON (AP) - An odd-looking Canadian coin with a bright red flower was the culprit behind a U.S. Defense Department false espionage warning earlier this year about mysterious coin-like objects with radio frequency transmitters, The Associated Press has learned.
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Puma 1st-quarter profit rises 4 percent
May 7 2007 9:02AM (CT)
BERLIN (AP) - Sportswear maker Puma AG said Monday its net profit rose by 4 percent in the first quarter, but lowered its outlook for full-year sales and earnings growth.
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News Corp. sells stake in rival Fairfax
May 7 2007 9:01AM (CT)
SYDNEY, Australia (AP) - Rupert Murdoch's News Corp. has sold its entire 7.5 percent stake in rival Australian company Fairfax Media for about 380 million Australian dollars ($312 million), both companies said Monday.
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Red fire ants facing killer virus
May 7 2007 3:04AM (CT)
LUBBOCK, Texas (AP) - Imported red fire ants have plagued farmers, ranchers and others for decades. Now the reviled pests are facing a bug of their own.
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Bank of America eliminates closing costs
May 7 2007 1:22AM (CT)
CHARLOTTE, N.C. (AP) - Achieving the American dream of home ownership has never been as simple as just paying for the house itself. There are always the closings costs to pay for, too.
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