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Gas pump prices rise, futures mixed
May 18 2007 11:21PM (CT)
NEW YORK (AP) - Gasoline prices set more records at the pump Friday, while gasoline and oil futures prices turned mixed after the previous session's big advance.
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Hedge fund guru: Math education critical
May 18 2007 11:08PM (CT)
NEW YORK (AP) - James Simons knows a thing or two about the laws of supply and demand. He has been running the successful Renaissance Technologies investment firm for more than 20 years. And from what he's seen in his own children's schooling and his firm's workforce, Simons says some basic rules of economics need to be applied to U.S. education: Those who are good at math should have an incentive to teach.
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Paper to cut 100 newsroom jobs
May 18 2007 9:47PM (CT)
SAN FRANCISCO (AP) - The San Francisco Chronicle newspaper plans to cut about a quarter of its newsroom staff.
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Paper to cut 100 newsroom jobs
May 18 2007 9:47PM (CT)
SAN FRANCISCO (AP) - The San Francisco Chronicle newspaper plans to cut about a quarter of its newsroom staff.
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Alcatel-Lucent trying to find lost disk
May 18 2007 7:57PM (CT)
TRENTON, N.J. (AP) - Alcatel-Lucent said Friday it is reviewing security procedures and has halted use of couriers for sending personnel information after a computer disk with financial and other data on employees and retirees went missing.
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Dollar weakens after China currency move
May 18 2007 7:13PM (CT)
NEW YORK (AP) - The dollar fell against the yen and most major currencies Friday after China took steps to allow its currency to appreciate faster.
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Dollar weakens after China currency move
May 18 2007 7:13PM (CT)
NEW YORK (AP) - The dollar fell against the yen and most major currencies Friday after China took steps to allow its currency to appreciate faster.
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Buffett's company buys jewelry meetings
May 18 2007 6:17PM (CT)
OMAHA, Neb. (AP) - Billionaire Warren Buffett's company announced plans Friday to buy two gold jewelry manufacturers, Bel-Oro International Inc. and Aurafin LLC. Terms of the deal were not disclosed. Berkshire Hathaway Inc. said both Bel-Oro and Aurafin are leading gold jewelry manufacturers and distributors in what has historically been a fragmented industry. Berkshire plans to combine the two companies into a new unit called the Richline Group.
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Cerberus may bring trouble for UAW
May 18 2007 5:19PM (CT)
DETROIT (AP) - With Detroit automakers losing billions and their market share in a slump, this summer's contract talks with the United Auto Workers promised to be more contentious than ever.
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Cerberus may bring trouble for UAW
May 18 2007 5:19PM (CT)
DETROIT (AP) - With Detroit automakers losing billions and their market share in a slump, this summer's contract talks with the United Auto Workers promised to be more contentious than ever.
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Cerberus may bring trouble for UAW
May 18 2007 5:19PM (CT)
DETROIT (AP) - With Detroit automakers losing billions and their market share in a slump, this summer's contract talks with the United Auto Workers promised to be more contentious than ever.
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Cerberus may bring trouble for UAW
May 18 2007 5:19PM (CT)
DETROIT (AP) - With Detroit automakers losing billions and their market share in a slump, this summer's contract talks with the United Auto Workers promised to be more contentious than ever.
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Wolfowitz departure: healing 1st step
May 18 2007 5:18PM (CT)
WASHINGTON (AP) - The Wolfowitz episode hobbled the World Bank's work of aiding the poor, and Paul Wolfowitz's resignation was just the first step in a healing process. The Bush administration hopes to quickly name a successor to take over that effort.
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Wolfowitz departure: healing 1st step
May 18 2007 5:18PM (CT)
WASHINGTON (AP) - The Wolfowitz episode hobbled the World Bank's work of aiding the poor, and Paul Wolfowitz's resignation was just the first step in a healing process. The Bush administration hopes to quickly name a successor to take over that effort.
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Wolfowitz departure: healing 1st step
May 18 2007 5:18PM (CT)
WASHINGTON (AP) - The Wolfowitz episode hobbled the World Bank's work of aiding the poor, and Paul Wolfowitz's resignation was just the first step in a healing process. The Bush administration hopes to quickly name a successor to take over that effort.
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Wolfowitz departure: healing 1st step
May 18 2007 5:18PM (CT)
WASHINGTON (AP) - The Wolfowitz episode hobbled the World Bank's work of aiding the poor, and Paul Wolfowitz's resignation was just the first step in a healing process. The Bush administration hopes to quickly name a successor to take over that effort.
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Time Warner shareholders approve plans
May 18 2007 5:17PM (CT)
BURBANK, Calif. (AP) - Shareholders of media conglomerate Time Warner Inc. overwhelmingly approved two proposals Friday to give them more say in the company's affairs. The proposals, one to make it easier for a simple majority of shareholders to pass changes to the company's bylaws, and another to allow larger shareholders to call special board meetings, were opposed by the company. It is not required to institute the proposed changes.
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Grand jury subpoenas Allstate on Katrina
May 18 2007 5:16PM (CT)
CHICAGO (AP) - Allstate Corp. said Friday it has been subpoenaed by a federal grand jury investigating the insurance industry's handling of Hurricane Katrina claims in Mississippi.
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China moves to let currency rise
May 18 2007 5:16PM (CT)
BEIJING (AP) - China took steps Friday to let its currency trade more freely against the dollar and to cool its sizzling economy ahead of talks in Washington over Beijing's soaring trade surplus.
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China moves to let currency rise
May 18 2007 5:16PM (CT)
BEIJING (AP) - China took steps Friday to let its currency trade more freely against the dollar and to cool its sizzling economy ahead of talks in Washington over Beijing's soaring trade surplus.
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China moves to let currency rise
May 18 2007 5:16PM (CT)
BEIJING (AP) - China took steps Friday to let its currency trade more freely against the dollar and to cool its sizzling economy ahead of talks in Washington over Beijing's soaring trade surplus.
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China moves to let currency rise
May 18 2007 5:16PM (CT)
BEIJING (AP) - China took steps Friday to let its currency trade more freely against the dollar and to cool its sizzling economy ahead of talks in Washington over Beijing's soaring trade surplus.
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Microsoft pays $6B for online ad company
May 18 2007 5:11PM (CT)
NEW YORK (AP) - Microsoft Corp., not wanting to get left behind rivals in an online advertising boom, agreed to pay $6 billion in cash to acquire aQuantive Inc. on Friday, a leading agency for Internet ads which also has powerful technology that serves display and banner ads to other Web sites.
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Clear Channel board accepts raised offer
May 18 2007 5:10PM (CT)
SAN ANTONIO (AP) - The board of Clear Channel Communications Inc. on Friday accepted an offer from private equity buyers with a slightly higher price and a rare opportunity for shareholders to continue owning a stake in the radio and billboard company even after it goes private.
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Judge OKs Northwest bankruptcy plan
May 18 2007 5:07PM (CT)
NEW YORK (AP) - After 20 months of a wrenching reorganization, Northwest Airlines got approval on Friday to emerge from bankruptcy protection into an industry besieged by higher fuel costs and crowded with competitors.
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U.S. Treasury bond prices fall
May 18 2007 4:16PM (CT)
NEW YORK (AP) - U.S. Treasury bonds prices got a walloping Friday, wilting in the face of technically driven selling in a climate where investors are sour on bonds.
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Investors eye a possible ValueClick sale
May 18 2007 3:52PM (CT)
NEW YORK (AP) - Now that Microsoft Corp. plans to buy online advertising company aQuantive Inc. for $6 billion, investors and analysts are wondering if competitor ValueClick Inc. is a prime target for a takeover of its own.
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Investors eye a possible ValueClick sale
May 18 2007 3:52PM (CT)
NEW YORK (AP) - Now that Microsoft Corp. plans to buy online advertising company aQuantive Inc. for $6 billion, investors and analysts are wondering if competitor ValueClick Inc. is a prime target for a takeover of its own.
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British Airways prepares for fine
May 18 2007 11:36AM (CT)
LONDON (AP) - British Airways PLC on Friday admitted anticompetitive behavior while posting a net loss for its latest quarter.
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Finance ministers start G-8 meeting
May 18 2007 10:56AM (CT)
WERDER-HAVEL, Germany (AP) - Germany's finance minister cautioned Friday against expecting a fast agreement on tighter rules for hedge funds as he hosted a meeting of his Group of Eight counterparts.
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Finance ministers start G-8 meeting
May 18 2007 10:56AM (CT)
WERDER-HAVEL, Germany (AP) - Germany's finance minister cautioned Friday against expecting a fast agreement on tighter rules for hedge funds as he hosted a meeting of his Group of Eight counterparts.
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Shipwreck yields estimated $500M haul
May 18 2007 8:45AM (CT)
TAMPA, Fla. (AP) - Deep-sea explorers said Friday they have mined what could be the richest shipwreck treasure in history, bringing home 17 tons of colonial-era silver and gold coins from an undisclosed site in the Atlantic Ocean. Estimated value: $500 million.
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Shipwreck yields estimated $500M haul
May 18 2007 8:45AM (CT)
TAMPA, Fla. (AP) - Deep-sea explorers said Friday they have mined what could be the richest shipwreck treasure in history, bringing home 17 tons of colonial-era silver and gold coins from an undisclosed site in the Atlantic Ocean. Estimated value: $500 million.
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Shipwreck yields estimated $500M haul
May 18 2007 8:45AM (CT)
TAMPA, Fla. (AP) - Deep-sea explorers said Friday they have mined what could be the richest shipwreck treasure in history, bringing home 17 tons of colonial-era silver and gold coins from an undisclosed site in the Atlantic Ocean. Estimated value: $500 million.
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Shipwreck yields estimated $500M haul
May 18 2007 8:45AM (CT)
TAMPA, Fla. (AP) - Deep-sea explorers said Friday they have mined what could be the richest shipwreck treasure in history, bringing home 17 tons of colonial-era silver and gold coins from an undisclosed site in the Atlantic Ocean. Estimated value: $500 million.
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Mexicans fear U.S. immigration plan
May 18 2007 8:44AM (CT)
MONTERREY, Mexico (AP) - Congress' new immigration plan was bad news for tens of thousands of poor Mexicans who depend on a U.S. guestworker program for temporary jobs in agriculture and other seasonal work, such as landscaping and construction.
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Mexicans fear U.S. immigration plan
May 18 2007 8:44AM (CT)
MONTERREY, Mexico (AP) - Congress' new immigration plan was bad news for tens of thousands of poor Mexicans who depend on a U.S. guestworker program for temporary jobs in agriculture and other seasonal work, such as landscaping and construction.
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Mexicans fear U.S. immigration plan
May 18 2007 8:44AM (CT)
MONTERREY, Mexico (AP) - Congress' new immigration plan was bad news for tens of thousands of poor Mexicans who depend on a U.S. guestworker program for temporary jobs in agriculture and other seasonal work, such as landscaping and construction.
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Mexicans fear U.S. immigration plan
May 18 2007 8:44AM (CT)
MONTERREY, Mexico (AP) - Congress' new immigration plan was bad news for tens of thousands of poor Mexicans who depend on a U.S. guestworker program for temporary jobs in agriculture and other seasonal work, such as landscaping and construction.
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Kohl's, Penney, Nordstrom profits grow
May 18 2007 8:41AM (CT)
MILWAUKEE (AP) - Higher gasoline prices and a slow housing market may be weighing on the economy, but retailers don't seem to be worried.
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China widens trading limit for yuan
May 18 2007 7:23AM (CT)
BEIJING (AP) - China took steps Friday to let its currency rise faster against the dollar after years of U.S. pressure and ahead of what are expected to contentious talks in Washington over Beijing's soaring trade surpluses.
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Drought sapping resources in Florida
May 18 2007 7:08AM (CT)
PALM BEACH GARDENS, Fla. (AP) - The fairways here are flecked, the greens mottled brown. PGA National doesn't look like a marquee golf course under the most severe water restrictions in South Florida history.
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Drought sapping resources in Florida
May 18 2007 7:08AM (CT)
PALM BEACH GARDENS, Fla. (AP) - The fairways here are flecked, the greens mottled brown. PGA National doesn't look like a marquee golf course under the most severe water restrictions in South Florida history.
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Qantas Airways chairwoman to step down
May 18 2007 12:31AM (CT)
SYDNEY, Australia (AP) - Qantas Airways Ltd. Chairwoman Margaret Jackson will resign in the wake of the failed $9 billion takeover bid by a private equity consortium, but the company said CEO Geoff Dixon will hold his post for at least two more years.
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