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Latest Business News Archives for May 28, 2007

Sarkozy holds off on role in industry
May 28 2007 11:55PM (CT)
PARIS (AP) - French President Nicolas Sarkozy is keeping his country's business elite waiting.
 
UnitedHealth says it's reformed
May 28 2007 11:44PM (CT)
MINNEAPOLIS (AP) - Last May, UnitedHealth held its annual meeting in a wide spot in a hallway at its leafy suburban campus. Chairman and Chief Executive William McGuire apologized to about 100 shareholders for a stock options scandal that wasn't yet at a full boil.
 
URS buying Washington Group for $2.6B
May 28 2007 7:51PM (CT)
BOISE, Idaho (AP) - San Francisco-based URS Corp. is buying Washington Group International for $2.6 billion, the engineering and construction companies announced Monday.
 
Bill urges farmers to grow energy crops
May 28 2007 6:21PM (CT)
SIOUX FALLS, S.D. (AP) - Legislation introduced in the U.S. Senate this week would entice farmers located near ethanol biorefineries to grow dedicated energy crops.
 
Bill urges farmers to grow energy crops
May 28 2007 6:21PM (CT)
SIOUX FALLS, S.D. (AP) - Legislation introduced in the U.S. Senate this week would entice farmers located near ethanol biorefineries to grow dedicated energy crops.
 
Bill urges farmers to grow energy crops
May 28 2007 6:21PM (CT)
SIOUX FALLS, S.D. (AP) - Legislation introduced in the U.S. Senate this week would entice farmers located near ethanol biorefineries to grow dedicated energy crops.
 
Construction boosts demand for cranes
May 28 2007 5:50PM (CT)
DALLAS (AP) - It's daybreak when Michael Machovsky climbs nearly 200 feet to the cab of his tower crane for a 10-hour day of hoisting equipment and supplies across a downtown construction site.
 
Most Asian markets rise on metal shares
May 28 2007 5:50PM (CT)
HONG KONG (AP) - Most Asian markets advanced Monday as Japanese stocks were lifted by gains in metal and machinery shares and Chinese and South Korean markets rose to new records.
 
Most Asian markets rise on metal shares
May 28 2007 5:50PM (CT)
HONG KONG (AP) - Most Asian markets advanced Monday as Japanese stocks were lifted by gains in metal and machinery shares and Chinese and South Korean markets rose to new records.
 
Most Asian markets rise on metal shares
May 28 2007 5:50PM (CT)
HONG KONG (AP) - Most Asian markets advanced Monday as Japanese stocks were lifted by gains in metal and machinery shares and Chinese and South Korean markets rose to new records.
 
Report: Rio Tinto may bid for Alcan
May 28 2007 4:27PM (CT)
SYDNEY, Australia (AP) - Anglo-Australian mining company Rio Tinto PLC may be considering a $27 billion-plus bid for Canada's Alcan Inc., an Australian newspaper reported, but analysts on Monday played down the benefits of a linkup between the two global companies.
 
Newspaper business thriving in India
May 28 2007 4:25PM (CT)
NEW DELHI (AP) - Obituaries for newspapers are already being written in the United States and much of Europe, with the rise of the Internet and shrinking attention spans listed as the causes of death. But the news hasn't made it to India.
 
Newspaper business thriving in India
May 28 2007 4:25PM (CT)
NEW DELHI (AP) - Obituaries for newspapers are already being written in the United States and much of Europe, with the rise of the Internet and shrinking attention spans listed as the causes of death. But the news hasn't made it to India.
 
Siberian court throws out BP lawsuit
May 28 2007 4:21PM (CT)
MOSCOW (AP) - A Siberian court on Monday threw out a lawsuit filed by the BP PLC's local subsidiary over the amount of gas it produces, opening the way for regulators to pull the license to the company's giant Kovykta gas field.
 
Venezuela TV station shuts down
May 28 2007 4:18PM (CT)
CARACAS, Venezuela (AP) - National Guard troops fired tear gas and rubber bullets Monday into a crowd of protesters angry over a decision by President Hugo Chavez that forced a critical television station off the air.
 
Venezuela TV station shuts down
May 28 2007 4:18PM (CT)
CARACAS, Venezuela (AP) - National Guard troops fired tear gas and rubber bullets Monday into a crowd of protesters angry over a decision by President Hugo Chavez that forced a critical television station off the air.
 
Two Buck Chuck still making waves
May 28 2007 4:14PM (CT)
NAPA, Calif. (AP) - Round and round they go, hundreds of bottles of Two Buck Chuck rattling and clinking their way toward a big machine that deftly fills, corks and seals each one in a rhythmic dance of metal and glass.
 
Iranian gas price hike shows weaknesses
May 28 2007 4:09PM (CT)
CAIRO, Egypt (AP) - Iran's decision to raise gasoline prices has thrown new light on one of its most entrenched problems _ the danger a vulnerable, subsidized economy poses for a country under international pressure over its nuclear program.
 
Oil prices fall in light trading
May 28 2007 3:33PM (CT)
VIENNA, Austria (AP) - Oil prices fell in light trading Monday, eased by the end of a Nigerian oil workers' strike over the weekend.
 
Japanese stocks rise after 2-day retreat
May 28 2007 6:08AM (CT)
TOKYO (AP) - Japanese stocks rebounded from a two-day loss Monday as high copper and other commodities futures in New York on Friday boosted materials producers such as Sumitomo Metal Mining.
 
Sanyo trims losses for the fiscal year
May 28 2007 6:07AM (CT)
TOKYO (AP) - Scandal-plagued electronics maker Sanyo said Monday it trimmed its losses for the fiscal year and forecast a return to profit for the current year as it cut costs.
 
Designer Tang pushes fashion in China
May 28 2007 5:09AM (CT)
HONG KONG (AP) - David Tang is famous for founding the Shanghai Tang label that put Mandarin-collared shirts, cheongsam dresses and other Chinese-style fashion on boutique shelves from New York to Paris.
 
Designer Tang pushes fashion in China
May 28 2007 5:09AM (CT)
HONG KONG (AP) - David Tang is famous for founding the Shanghai Tang label that put Mandarin-collared shirts, cheongsam dresses and other Chinese-style fashion on boutique shelves from New York to Paris.
 
Manual lawn mowers are making a comeback
May 28 2007 5:09AM (CT)
CHICAGO (AP) - Powerful, loud mowers have been showing lawns who's boss for decades. But now contraptions that couldn't cut butter without a good shove are quietly _ really quietly _ making a comeback.
 
Wolfowitz blames media for resignation
May 28 2007 5:05AM (CT)
LONDON (AP) - Departing World Bank President Paul Wolfowitz in a radio interview broadcast Monday blamed an overheated atmosphere at the bank and in the media for forcing him to resign.
 
S. Korea, U.S. to talk on beef
May 28 2007 4:13AM (CT)
GWACHEON, South Korea (AP) - South Korea said Monday it will hold talks with the United States about further easing its restrictions on imports of American beef, in an attempt to resolve a thorny trade dispute.
 
Booming Utah town is short on booze
May 28 2007 2:34AM (CT)
ST. GEORGE, Utah (AP) - On Friday and Saturday nights, the line to get a bottle of wine at the liquor store in this southern Utah town can stretch out the back door. The storage area of the town's lone liquor store is often stacked so high and so wide with cases of alcohol it's tough to walk or push a dolly through. But it doesn't take long for the piles to shrink and for customers to start complaining the store is out of stock. "It's been this way probably for a good year and a half," said Lee
 
Booming Utah town is short on booze
May 28 2007 2:34AM (CT)
ST. GEORGE, Utah (AP) - On Friday and Saturday nights, the line to get a bottle of wine at the liquor store in this southern Utah town can stretch out the back door. The storage area of the town's lone liquor store is often stacked so high and so wide with cases of alcohol it's tough to walk or push a dolly through. But it doesn't take long for the piles to shrink and for customers to start complaining the store is out of stock. "It's been this way probably for a good year and a half," said Lee
 
Booming Utah town is short on booze
May 28 2007 2:34AM (CT)
ST. GEORGE, Utah (AP) - On Friday and Saturday nights, the line to get a bottle of wine at the liquor store in this southern Utah town can stretch out the back door. The storage area of the town's lone liquor store is often stacked so high and so wide with cases of alcohol it's tough to walk or push a dolly through. But it doesn't take long for the piles to shrink and for customers to start complaining the store is out of stock. "It's been this way probably for a good year and a half," said Lee
 
   

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