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Homebuilder Pulte to cut 1,900 jobs
May 29 2007 10:24PM (CT)
DETROIT (AP) - Facing a grim housing market, Pulte Homes Inc. said Tuesday that it is cutting about 16 percent of its work force, or about 1,900 jobs, as part of a restructuring.
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CDW agrees to be acquired in $7.3B deal
May 29 2007 8:57PM (CT)
VERNON HILLS, Ill. (AP) - CDW Corp. on Tuesday announced that the distributor of hardware, software and technology accessories has agreed to be acquired by a private equity company in a $7.3 billion deal.
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VeriSign CEO Sclavos suddenly resigns
May 29 2007 5:21PM (CT)
SAN JOSE, Calif. (AP) - VeriSign Inc., which manages the ".com" and ".net" domain names registry, said Tuesday that Chief Executive Stratton Sclavos has resigned for undisclosed reasons. Analysts were startled by the abrupt departure. The company gave little information about the reason for Sclavos' exit after 12 years as CEO.
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Tishman, Lehman to buy Archstone-Smith
May 29 2007 5:08PM (CT)
NEW YORK (AP) - Archstone-Smith, a major owner of apartment buildings, said Tuesday it had agreed to a Tishman Speyer-led buyout valuing the company at about $15.5 billion, but investors indicated they were expecting a higher bid.
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Oil prices lose more than $2 a barrel
May 29 2007 5:07PM (CT)
NEW YORK (AP) - Oil prices plunged by more than $2 a barrel Tuesday on hopes that the inauguration of a new president in OPEC member Nigeria would contribute to a stable supply from the Niger Delta region.
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Court limits lawsuits for pay bias
May 29 2007 5:00PM (CT)
WASHINGTON (AP) - The Supreme Court on Tuesday limited workers' ability to sue for pay discrimination, ruling against a Goodyear employee who earned thousands of dollars less than her male counterparts but waited too long to complain.
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Zoellick to be named to World Bank
May 29 2007 4:49PM (CT)
WASHINGTON (AP) - President Bush has chosen Robert Zoellick, a one-time U.S. trade representative and former No. 2 official at the State Department, to lead the World Bank, a senior administration official said Tuesday.
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Zoellick to be named to World Bank
May 29 2007 4:49PM (CT)
WASHINGTON (AP) - President Bush has chosen Robert Zoellick, a one-time U.S. trade representative and former No. 2 official at the State Department, to lead the World Bank, a senior administration official said Tuesday.
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Zoellick to be named to World Bank
May 29 2007 4:49PM (CT)
WASHINGTON (AP) - President Bush has chosen Robert Zoellick, a one-time U.S. trade representative and former No. 2 official at the State Department, to lead the World Bank, a senior administration official said Tuesday.
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Zoellick to be named to World Bank
May 29 2007 4:49PM (CT)
WASHINGTON (AP) - President Bush has chosen Robert Zoellick, a one-time U.S. trade representative and former No. 2 official at the State Department, to lead the World Bank, a senior administration official said Tuesday.
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Treasurys prices end down after auction
May 29 2007 4:14PM (CT)
NEW YORK (AP) - U.S. treasury bond prices lost a modest amount of ground Tuesday, showing a resilient performance in the wake of a worrisome outcome of a key Treasury security auction.
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Treasurys prices end down after auction
May 29 2007 4:14PM (CT)
NEW YORK (AP) - U.S. treasury bond prices lost a modest amount of ground Tuesday, showing a resilient performance in the wake of a worrisome outcome of a key Treasury security auction.
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Brazilian firm to buy Swift & Co.
May 29 2007 4:05PM (CT)
DENVER (AP) - In a union of two large meat-processing companies, a Brazilian firm announced Tuesday it will acquire Swift & Co. in a $225 million cash deal that will give the combined company greater access to expanding markets and operations on three continents.
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Developers push projects in New Orleans
May 29 2007 3:50PM (CT)
NEW ORLEANS (AP) - Lured by congressionally authorized tax credits and other financial incentives after Hurricane Katrina, a procession of developers announced plans to build high-rises.
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Developers push projects in New Orleans
May 29 2007 3:50PM (CT)
NEW ORLEANS (AP) - Lured by congressionally authorized tax credits and other financial incentives after Hurricane Katrina, a procession of developers announced plans to build high-rises.
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Developers push projects in New Orleans
May 29 2007 3:50PM (CT)
NEW ORLEANS (AP) - Lured by congressionally authorized tax credits and other financial incentives after Hurricane Katrina, a procession of developers announced plans to build high-rises.
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Developers push projects in New Orleans
May 29 2007 3:50PM (CT)
NEW ORLEANS (AP) - Lured by congressionally authorized tax credits and other financial incentives after Hurricane Katrina, a procession of developers announced plans to build high-rises.
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Developers push projects in New Orleans
May 29 2007 3:50PM (CT)
NEW ORLEANS (AP) - Lured by congressionally authorized tax credits and other financial incentives after Hurricane Katrina, a procession of developers announced plans to build high-rises.
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Developers push projects in New Orleans
May 29 2007 3:50PM (CT)
NEW ORLEANS (AP) - Lured by congressionally authorized tax credits and other financial incentives after Hurricane Katrina, a procession of developers announced plans to build high-rises.
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Developers push projects in New Orleans
May 29 2007 3:50PM (CT)
NEW ORLEANS (AP) - Lured by congressionally authorized tax credits and other financial incentives after Hurricane Katrina, a procession of developers announced plans to build high-rises.
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Developers push projects in New Orleans
May 29 2007 3:50PM (CT)
NEW ORLEANS (AP) - Lured by congressionally authorized tax credits and other financial incentives after Hurricane Katrina, a procession of developers announced plans to build high-rises.
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Developers push projects in New Orleans
May 29 2007 3:50PM (CT)
NEW ORLEANS (AP) - Lured by congressionally authorized tax credits and other financial incentives after Hurricane Katrina, a procession of developers announced plans to build high-rises.
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Developers push projects in New Orleans
May 29 2007 3:50PM (CT)
NEW ORLEANS (AP) - Lured by congressionally authorized tax credits and other financial incentives after Hurricane Katrina, a procession of developers announced plans to build high-rises.
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Developers push projects in New Orleans
May 29 2007 3:50PM (CT)
NEW ORLEANS (AP) - Lured by congressionally authorized tax credits and other financial incentives after Hurricane Katrina, a procession of developers announced plans to build high-rises.
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Developers push projects in New Orleans
May 29 2007 3:50PM (CT)
NEW ORLEANS (AP) - Lured by congressionally authorized tax credits and other financial incentives after Hurricane Katrina, a procession of developers announced plans to build high-rises.
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Mortgage telemarketing gets scrutiny
May 29 2007 1:28PM (CT)
BOSTON (AP) - As a former mortgage broker, Adryenn Ashley thought she knew what to expect when she refinanced her house in March. Yet Ashley was unprepared for one twist she encountered: A barrage of phone calls and e-mails from rival lenders vying to sell her a better mortgage.
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Mortgage telemarketing gets scrutiny
May 29 2007 1:28PM (CT)
BOSTON (AP) - As a former mortgage broker, Adryenn Ashley thought she knew what to expect when she refinanced her house in March. Yet Ashley was unprepared for one twist she encountered: A barrage of phone calls and e-mails from rival lenders vying to sell her a better mortgage.
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Mortgage telemarketing gets scrutiny
May 29 2007 1:28PM (CT)
BOSTON (AP) - As a former mortgage broker, Adryenn Ashley thought she knew what to expect when she refinanced her house in March. Yet Ashley was unprepared for one twist she encountered: A barrage of phone calls and e-mails from rival lenders vying to sell her a better mortgage.
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Mortgage telemarketing gets scrutiny
May 29 2007 1:28PM (CT)
BOSTON (AP) - As a former mortgage broker, Adryenn Ashley thought she knew what to expect when she refinanced her house in March. Yet Ashley was unprepared for one twist she encountered: A barrage of phone calls and e-mails from rival lenders vying to sell her a better mortgage.
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RBS launches $95.5B hostile bid for ABN
May 29 2007 1:09PM (CT)
AMSTERDAM, Netherlands (AP) - ABN Amro received an industry record takeover bid of 71.1 billion euros ($95.5 billion) Tuesday from a group led by Royal Bank of Scotland PLC, but its shares fell as the Dutch bank's earlier decision to sell its U.S. arm to Bank of America still clouded prospects for a quick deal.
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Consumer confidence rebounds in May
May 29 2007 12:17PM (CT)
NEW YORK (AP) - Consumer confidence bounced back unexpectedly in May, helped by optimism about the job market even as shoppers' concerns about gasoline price-driven inflation increased.
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Consumer confidence rebounds in May
May 29 2007 12:17PM (CT)
NEW YORK (AP) - Consumer confidence bounced back unexpectedly in May, helped by optimism about the job market even as shoppers' concerns about gasoline price-driven inflation increased.
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Consumer confidence rebounds in May
May 29 2007 12:17PM (CT)
NEW YORK (AP) - Consumer confidence bounced back unexpectedly in May, helped by optimism about the job market even as shoppers' concerns about gasoline price-driven inflation increased.
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Consumer confidence rebounds in May
May 29 2007 12:17PM (CT)
NEW YORK (AP) - Consumer confidence bounced back unexpectedly in May, helped by optimism about the job market even as shoppers' concerns about gasoline price-driven inflation increased.
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Consumer confidence rebounds in May
May 29 2007 12:17PM (CT)
NEW YORK (AP) - Consumer confidence bounced back unexpectedly in May, helped by optimism about the job market even as shoppers' concerns about gasoline price-driven inflation increased.
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Consumer confidence rebounds in May
May 29 2007 12:17PM (CT)
NEW YORK (AP) - Consumer confidence bounced back unexpectedly in May, helped by optimism about the job market even as shoppers' concerns about gasoline price-driven inflation increased.
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Consumer confidence rebounds in May
May 29 2007 12:17PM (CT)
NEW YORK (AP) - Consumer confidence bounced back unexpectedly in May, helped by optimism about the job market even as shoppers' concerns about gasoline price-driven inflation increased.
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Consumer confidence rebounds in May
May 29 2007 12:17PM (CT)
NEW YORK (AP) - Consumer confidence bounced back unexpectedly in May, helped by optimism about the job market even as shoppers' concerns about gasoline price-driven inflation increased.
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How to hurricane-proof your vacation
May 29 2007 12:08PM (CT)
NEW YORK (AP) - Despite forecasts of a busy hurricane season, the idea of a summer vacation on a tropical beach appeals to many travelers. And there is one advantage: It costs less now than at other times of year.
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How to hurricane-proof your vacation
May 29 2007 12:08PM (CT)
NEW YORK (AP) - Despite forecasts of a busy hurricane season, the idea of a summer vacation on a tropical beach appeals to many travelers. And there is one advantage: It costs less now than at other times of year.
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Travel lessons learned from a hurricane
May 29 2007 12:07PM (CT)
MERIDA, Mexico (AP) - I'm on vacation in Mexico again with my wife. It's the first time we've been back since October 2005. And it's no accident that this time, we're here in late spring instead of autumn, which is traditionally one of the worst times for hurricanes. When Hurricane Wilma hit a year and a half ago, we were in Playa del Carmen, south of Cancun. We got out safely, but only after spending 60 hours in a hurricane shelter, 24 hours on a bus, and hundreds and hundreds of dollars in ext
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Travel lessons learned from a hurricane
May 29 2007 12:07PM (CT)
MERIDA, Mexico (AP) - I'm on vacation in Mexico again with my wife. It's the first time we've been back since October 2005. And it's no accident that this time, we're here in late spring instead of autumn, which is traditionally one of the worst times for hurricanes. When Hurricane Wilma hit a year and a half ago, we were in Playa del Carmen, south of Cancun. We got out safely, but only after spending 60 hours in a hurricane shelter, 24 hours on a bus, and hundreds and hundreds of dollars in ext
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Coke museum is Atlanta's newest draw
May 29 2007 12:06PM (CT)
ATLANTA (AP) - At the new World of Coca-Cola, Joan Crawford and Clark Gable greet visitors from a 74-year-old advertisement. A 3-D movie ride takes audiences on a journey to find the secret recipe of one of the world's most popular drinks. A nearby bottling line fills keepsake bottles before visitors' eyes.
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AMO says recall not manufacturing issue
May 29 2007 11:07AM (CT)
ATLANTA (AP) - The company involved in a voluntary recall of a contact lens solution said Tuesday it stands by its product and blamed improper handling of contact lenses for the eye infections that forced the product to be pulled from the shelves.
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Dollar falls against euro
May 29 2007 10:34AM (CT)
BERLIN (AP) - The dollar fell against the euro Tuesday in the face of a U.S. survey that showed an unexpected recovery in consumer confidence.
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Brazil company buying Swift & Co.
May 29 2007 9:54AM (CT)
SAO PAULO, Brazil (AP) - JBS SA, the company that controls Brazil's leading beef exporter Friboi, will buy U.S.-based Swift & Co. in a $225 million cash deal, that also comes with $1.2 billion in debt, JBS announced Tuesday.
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Number of Telecom Targets Shrinks
May 29 2007 8:34AM (CT)
NEW YORK (AP) - Investors eyeing more telecom acquisitions after the Alltel Corp. buyout deal shouldn't hold their breath _ there is plenty of speculation, but not too many serious prospects.
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S&P home index drops, 1st time since '91
May 29 2007 8:04AM (CT)
NEW YORK (AP) - U.S. home prices fell 1.4 percent in the first quarter compared to a year ago, the first time since 1991 prices have shown a quarterly decline, according to a housing index released Tuesday by Standard & Poor's.
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Tax break could spur Mo. cattle industry
May 29 2007 3:58AM (CT)
JEFFERSON CITY, Mo. (AP) - A proposed tax break could help spur the state's cattle industry by enabling farmers and ranchers to hang on to their animals longer, bringing higher profits when they are sold, supporters of the measure say.
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FTC probing proposed $3.1B Google deal
May 29 2007 12:00AM (CT)
SAN FRANCISCO (AP) - The Federal Trade Commission has opened an antitrust investigation into Google Inc.'s proposed $3.1 billion purchase of ad-management technology company DoubleClick Inc.
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