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Latest Business News Archives for May 14, 2007

Survey: Airlines need better customer ties
May 14 2007 11:40PM (CT)
ATLANTA (AP) - Bankruptcy can be a wake-up call for airlines about the need to run their operations more efficiently, but it also can shine a light on a more basic challenge like making customers happy.
 
Cerberus, Chrysler selling labor on deal
May 14 2007 11:03PM (CT)
DETROIT (AP) - Cerberus Capital Management LP and leaders of the Chrysler Group will try to convince the leaders of the automaker's workers that their $7.4 billion deal will give workers better job security, restore Chrysler's health and not "strip and flip" the company by selling it off in pieces.
 
Cerberus, Chrysler selling labor on deal
May 14 2007 11:03PM (CT)
DETROIT (AP) - Cerberus Capital Management LP and leaders of the Chrysler Group will try to convince the leaders of the automaker's workers that their $7.4 billion deal will give workers better job security, restore Chrysler's health and not "strip and flip" the company by selling it off in pieces.
 
Cerberus, Chrysler selling labor on deal
May 14 2007 11:03PM (CT)
DETROIT (AP) - Cerberus Capital Management LP and leaders of the Chrysler Group will try to convince the leaders of the automaker's workers that their $7.4 billion deal will give workers better job security, restore Chrysler's health and not "strip and flip" the company by selling it off in pieces.
 
Report: Wolfowitz broke World Bank rules
May 14 2007 10:24PM (CT)
WASHINGTON (AP) - World Bank President Paul Wolfowitz broke bank rules in arranging a hefty compensation package for his girlfriend, a situation that has caused a "crisis in the leadership" at the institution, according to a report released Monday by a special bank panel.
 
AGs seek sex offender data from MySpace
May 14 2007 9:47PM (CT)
RALEIGH, N.C. (AP) - Top law enforcement officers from eight states on Monday asked MySpace.com to turn over the names of registered sex offenders who use the social networking Web site.
 
Explorer rollover award must be reviewed
May 14 2007 7:25PM (CT)
WASHINGTON (AP) - The Supreme Court ordered a state appeals court Monday to review a decision giving $82.6 million to a woman who was paralyzed after her Ford Explorer rolled over.
 
Cuba stocks US brands despite embargo
May 14 2007 7:14PM (CT)
HAVANA (AP) - The golden arches are nowhere to be found. There's not a single Starbucks or Wal-Mart, and no way to buy a Budweiser, a Corvette or a Dell. But even in Cuba, you can get a Coke.
 
Source Interlink to buy Primedia unit
May 14 2007 7:13PM (CT)
TAMPA, Fla. (AP) - Source Interlink Cos., a magazine, CD and DVD distributor to leading grocery and book store chains, said Monday it agreed to buy the publisher of Hot Rod, Motor Trend and other special interest publications for $1.2 billion in cash. Shares of Source Interlink tumbled more than 15 percent after the agreement was announced.
 
Cardinal to buy Viasys for $1.4B
May 14 2007 7:13PM (CT)
DUBLIN, Ohio (AP) - Medical products and services company Cardinal Health Inc. said on Monday it will buy medical technology company Viasys Healthcare Inc. for $1.42 billion, an acquisition that will help Cardinal expand in international markets.
 
Ex-Oracle exec to settle SEC charges
May 14 2007 7:12PM (CT)
SAN FRANCISCO (AP) - In the latest crackdown on illicit pillow talk, the Securities and Exchange Commission on Monday accused a former Oracle Corp. vice president of improperly profiting from his wife's knowledge about two deals engineered by her boss _ Oracle's acquisitive chief executive, Larry Ellison.
 
Gas prices hit a new record at the pump
May 14 2007 7:11PM (CT)
NEW YORK (AP) - Gasoline prices hit a new record at the pump on Monday, but gas futures prices fell on concerns that $3 gas will crimp demand. Oil prices, meanwhile, rose on reports of refinery problems in the U.S. and abroad.
 
Murdoch promises Bancrofts a board seat
May 14 2007 7:11PM (CT)
NEW YORK (AP) - Rupert Murdoch is stepping up his campaign to woo the controlling shareholders of Dow Jones & Co., the Bancroft family, promising them a board seat on his media conglomerate, News Corp., as well as measures to ensure the independence of The Wall Street Journal.
 
Copper and platinum prices slide
May 14 2007 4:42PM (CT)
NEW YORK (AP) - Selling undercut both base metals and precious metals futures Monday, leaving copper and platinum with sizable price declines.
 
Treasury bonds down modestly
May 14 2007 4:33PM (CT)
NEW YORK (AP) - Treasury bond prices fell Monday as investors trimmed their holdings ahead of key inflation data Tuesday.
 
Treasury bonds down modestly
May 14 2007 4:33PM (CT)
NEW YORK (AP) - Treasury bond prices fell Monday as investors trimmed their holdings ahead of key inflation data Tuesday.
 
Dollar drops slightly versus euro
May 14 2007 4:29PM (CT)
NEW YORK (AP) - The dollar moved slightly lower Monday against the euro, which strengthened on positive news about manufacturing activity in nations that use the European currency.
 
Dollar drops slightly versus euro
May 14 2007 4:29PM (CT)
NEW YORK (AP) - The dollar moved slightly lower Monday against the euro, which strengthened on positive news about manufacturing activity in nations that use the European currency.
 
Court turns down Amgen patent appeal
May 14 2007 12:41PM (CT)
WASHINGTON (AP) - The Supreme Court on Monday declined to consider a patent dispute between biotech drug maker Amgen Inc. and two other companies involving Amgen's blockbuster anemia drug Epogen.
 
Bids for ABN Amro at a standstill
May 14 2007 11:25AM (CT)
AMSTERDAM, Netherlands (AP) - A consortium led by Royal Bank of Scotland said its 69.9 billion euro ($94.7 billion) bid for ABN Amro was worth more than a rival overture from Barclays, but legal uncertainties left both offers frozen on Monday, according to the targeted bank.
 
Trend sees cell phone only use growing
May 14 2007 11:24AM (CT)
WASHINGTON (AP) - More than a quarter of young adults have only cell phones, making them the leading edge of a strengthening move away from traditional landline telephones, a federal survey showed Monday.
 
Trend sees cell phone only use growing
May 14 2007 11:24AM (CT)
WASHINGTON (AP) - More than a quarter of young adults have only cell phones, making them the leading edge of a strengthening move away from traditional landline telephones, a federal survey showed Monday.
 
Mich. fruit crop, farmers doing well
May 14 2007 5:05AM (CT)
HART, Mich. (AP) - If he can just make it through the end of May without another freeze, fruit grower Dave Rennhack expects to have a good crop this year.
 
Wal-Mart to display Skype phone gear
May 14 2007 1:27AM (CT)
NEW YORK (AP) - Wal-Mart Stores Inc. is adding an array of Skype phone gear to the electronics section in 1,800 stores, bringing the renegade provider of cheap calling over the Internet to a huge mainstream audience.
 
Small businesses tempting more buyers
May 14 2007 12:46AM (CT)
NEW YORK (AP) - Small businesses are hot prospects for buyers these days.
 
   

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