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It may take buyout to help Circuit City
May 23 2007 11:54PM (CT)
CHARLOTTE, N.C. (AP) - Circuit City's recent profit warning and concerns about competition have pulled the plug on the consumer electronics retailer's shares.
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Limited Brands' 1Q profit drops 46 pct.
May 23 2007 11:51PM (CT)
COLUMBUS, Ohio (AP) - Limited Brands' first-quarter profit dropped 46 percent, but despite concerns about gas prices and the slumping housing market curtailing people's spending, some other retailers aren't hurting as badly.
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U.S., China make progress in trade talks
May 23 2007 11:49PM (CT)
WASHINGTON (AP) - The United States and China concluded high-level trade talks Wednesday with progress reported in a few areas but no breakthrough in the biggest dispute, China's undervalued currency.
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U.S., China make progress in trade talks
May 23 2007 11:49PM (CT)
WASHINGTON (AP) - The United States and China concluded high-level trade talks Wednesday with progress reported in a few areas but no breakthrough in the biggest dispute, China's undervalued currency.
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U.S., China make progress in trade talks
May 23 2007 11:49PM (CT)
WASHINGTON (AP) - The United States and China concluded high-level trade talks Wednesday with progress reported in a few areas but no breakthrough in the biggest dispute, China's undervalued currency.
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New Wendy's ad campaign debuts on 'Idol'
May 23 2007 9:03PM (CT)
DUBLIN, Ohio (AP) - Wendy's International Inc., still struggling to connect with customers in its advertising as it did when founder Dave Thomas appeared in the hamburger chain's commercials, rolled out a new campaign on one of television's biggest stages Wednesday night.
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Turkey waste will power electric plant
May 23 2007 8:31PM (CT)
BENSON, Minn. (AP) - The gray, sandy mix of turkey droppings and other bits and pieces flowing through Greg Langmo's fingers back onto the floor of his barn isn't just funky dirt, it's fuel.
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Turkey waste will power electric plant
May 23 2007 8:31PM (CT)
BENSON, Minn. (AP) - The gray, sandy mix of turkey droppings and other bits and pieces flowing through Greg Langmo's fingers back onto the floor of his barn isn't just funky dirt, it's fuel.
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Turkey waste will power electric plant
May 23 2007 8:31PM (CT)
BENSON, Minn. (AP) - The gray, sandy mix of turkey droppings and other bits and pieces flowing through Greg Langmo's fingers back onto the floor of his barn isn't just funky dirt, it's fuel.
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Turkey waste will power electric plant
May 23 2007 8:31PM (CT)
BENSON, Minn. (AP) - The gray, sandy mix of turkey droppings and other bits and pieces flowing through Greg Langmo's fingers back onto the floor of his barn isn't just funky dirt, it's fuel.
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Turkey waste will power electric plant
May 23 2007 8:31PM (CT)
BENSON, Minn. (AP) - The gray, sandy mix of turkey droppings and other bits and pieces flowing through Greg Langmo's fingers back onto the floor of his barn isn't just funky dirt, it's fuel.
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HP settles SEC claim over resignation
May 23 2007 6:12PM (CT)
SAN FRANCISCO (AP) - Hewlett-Packard Co. has settled federal securities charges alleging the company illegally concealed the reason a director resigned just before its boardroom spying scandal erupted.
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Nissan: Cell phones can alter the I-Key
May 23 2007 5:37PM (CT)
NASHVILLE, Tenn. (AP) - Cell phones rub some of Nissan's "intelligent keys" the wrong way, the automaker is warning car owners. Complaints about some cell phones erasing Nissan's I-keys for the 2007 Altima sedan and 2007 Infiniti G35 have the automaker advising customers to keep cell phones and the plastic fobs containing the starters "at least 1 inch apart at all times."
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Target 1Q profit rises 18 percent
May 23 2007 5:34PM (CT)
MINNEAPOLIS (AP) - The first quarter was a tough one for many retailers, so Target's 18 percent profit growth took investors by surprise Wednesday.
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Limited Brands 1Q earnings drop 46 pct.
May 23 2007 5:34PM (CT)
COLUMBUS, Ohio (AP) - Limited Brands Inc. said on Wednesday that its earnings fell 46 percent in the first quarter, hurt by lower-than-anticipated sales and margins across all its brands, particularly Victoria's Secret. It also cut its full-year earnings outlook.
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Limited Brands 1Q earnings drop 46 pct.
May 23 2007 5:34PM (CT)
COLUMBUS, Ohio (AP) - Limited Brands Inc. said on Wednesday that its earnings fell 46 percent in the first quarter, hurt by lower-than-anticipated sales and margins across all its brands, particularly Victoria's Secret. It also cut its full-year earnings outlook.
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Fed wants to clear credit card confusion
May 23 2007 5:32PM (CT)
WASHINGTON (AP) - Confused by the fees and terms of your credit card? The Federal Reserve wants to make your monthly bill and solicitations that arrive in your mailbox easier to understand.
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Oil prices rise after inventory report
May 23 2007 5:30PM (CT)
NEW YORK (AP) - Oil prices inched higher after a U.S. government report showed gasoline stocks rose unexpectedly, but still not enough to dispel supply fears at the kickoff of the summer driving season.
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Ex-Coke secretary gets 8 years in prison
May 23 2007 5:29PM (CT)
ATLANTA (AP) - A federal judge ignored a former Coca-Cola secretary's plea for mercy Wednesday and sentenced her to eight years in prison for conspiring to steal trade secrets from the world's largest beverage maker.
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Boeing reaffirms strong growth outlook
May 23 2007 5:28PM (CT)
CHICAGO (AP) - Boeing Co. reaffirmed its outlook Wednesday for strong growth in 2007 and 2008, telling investors it remains on pace for double-digit increases in earnings and revenue as it rides momentum linked to the new 787 jet.
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Treasury bond prices decline again
May 23 2007 4:21PM (CT)
NEW YORK (AP) - U.S. Treasury prices fell again Wednesday, continuing the bond market's nearly monthlong grind back toward higher yields.
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Treasury bond prices decline again
May 23 2007 4:21PM (CT)
NEW YORK (AP) - U.S. Treasury prices fell again Wednesday, continuing the bond market's nearly monthlong grind back toward higher yields.
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Consumer commission nominee withdraws
May 23 2007 11:33AM (CT)
WASHINGTON (AP) - President Bush's pick to head the Consumer Product Safety Commission withdrew his nomination Wednesday amid strong opposition from some Senate Democrats because of his career as a manufacturers' lobbyist.
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U.S., China to double passenger flights
May 23 2007 10:59AM (CT)
WASHINGTON (AP) - Daily passenger flights between the United States and China will more than double by 2012 and air cargo companies will have virtually unlimited access to China as part of an aviation agreemement announced Wednesday.
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Formica Corp. bought by New Zealand firm
May 23 2007 10:10AM (CT)
WELLINGTON, New Zealand (AP) - Building materials maker Fletcher Building Ltd. will buy Cincinnati-based surfacing products manufacturer Formica Corp. for $700 million.
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Dollar loses ground against euro
May 23 2007 9:31AM (CT)
BERLIN (AP) - The dollar lost ground against the euro on Wednesday as markets awaited the outcome of high-level economic talks between the United States and China.
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Dollar loses ground against euro
May 23 2007 9:31AM (CT)
BERLIN (AP) - The dollar lost ground against the euro on Wednesday as markets awaited the outcome of high-level economic talks between the United States and China.
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Market a real gamble for some Chinese
May 23 2007 9:28AM (CT)
SHANGHAI, China (AP) - As Chinese stocks soar to records and new buyers pile into the market, a survey suggests a troubling reality: Few investors say they understand how stock markets work.
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Market a real gamble for some Chinese
May 23 2007 9:28AM (CT)
SHANGHAI, China (AP) - As Chinese stocks soar to records and new buyers pile into the market, a survey suggests a troubling reality: Few investors say they understand how stock markets work.
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Dillard's profits drop 30 percent
May 23 2007 9:27AM (CT)
LITTLE ROCK, Ark. (AP) - Dillard's Inc. reported first-quarter profits Wednesday of $42.9 million, down 30 percent from the $61.3 million the department store chain earned in the same period a year before.
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Alcan talking with BHP Billiton
May 23 2007 9:24AM (CT)
MELBOURNE, Australia (AP) - Canadian aluminum maker Alcan Inc. is in talks with Australia's BHP Billiton Ltd. to try to fend off a hostile $27 billion takeover bid by U.S. rival Alcoa Inc., according to an article published Wednesday in Canada.
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EU OKs cap on cell phone roaming charges
May 23 2007 9:04AM (CT)
STRASBOURG, France (AP) - For years, Europeans have enjoyed low-cost flights that have revolutionized travel across the continent. Now they will be able to make a cheap mobile phone call home to say they made it.
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New Zealand firm buys Formica for $700M
May 23 2007 5:35AM (CT)
WELLINGTON, New Zealand (AP) - Building materials maker Fletcher Building Ltd. is buying U.S.-based surfacing products manufacturer Formica Corp. for $700 million.
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Toyota shows ethanol, gas cars in Brazil
May 23 2007 5:33AM (CT)
TOKYO (AP) - Toyota is introducing cars that run on ethanol and gasoline in Brazil at a time when such flexible-fuel vehicles are growing in popularity there.
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Japan: No plans to relax U.S. beef rules
May 23 2007 5:21AM (CT)
TOKYO (AP) - Japan has no immediate plans to relax its strict conditions on imports of U.S. beef, despite a decision by an international body saying some restrictions were not necessary, the government said Wednesday.
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Alcan: Alcoa takeover bid is inadequate
May 23 2007 4:51AM (CT)
PITTSBURGH (AP) - Alcan Inc. rebuffed a hostile takeover bid by aluminum competitor Alcoa Inc., dismissing the $27 billion offer as inadequate. But analysts say the move was expected and is likely part of a plan to fetch a sweeter deal.
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S.Korea: Banking dispute progressing
May 23 2007 3:28AM (CT)
SEOUL, South Korea (AP) - A banking dispute that has long blocked international efforts to halt North Korea's production of nuclear weapons will be resolved satisfactorily, but not quickly, South Korea said Wednesday.
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MGM panel to study Tracinda's move
May 23 2007 3:22AM (CT)
LAS VEGAS (AP) - Casino giant MGM Mirage Inc. said Tuesday that its board has formed an independent committee to study Tracinda Corp.'s move to buy two MGM Mirage properties and perhaps restructure the company.
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Gov't probes Asian soybean rust in Iowa
May 23 2007 3:18AM (CT)
DES MOINES, Iowa (AP) - An announcement that a fungus called Asian soybean rust had been found in southern Iowa earlier this year made farmers worry that the destructive growth could damage their fields. But they were relievd Tuesday when officials said the single leaf infested with the destructive fungus must have been brought into the state from outside, perhaps to make people think it had grown in Iowa. The investigation has been turned over to the federal government.
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BoA offering NASCAR checking accounts
May 23 2007 1:28AM (CT)
CHARLOTTE, N.C. (AP) - Hoping to build on its newfound expertise in credit cards and on NASCAR fans' loyalty, Bank of America Corp. has begun offering a NASCAR checking account to try to drive more retail business to its automated teller machines and branches.
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TSE chief considers overseas alliances
May 23 2007 12:39AM (CT)
TOKYO (AP) - The Tokyo Stock Exchange's chief executive is considering various capital alliances with overseas exchanges, including the New York Stock Exchange, to gain more listings, profits and status.
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