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Latest Business News Archives for June 13, 2007

More safety needed to transport chlorine
Jun 13 2007 11:08PM (CT)
WASHINGTON (AP) - Safety officials are warning about the risk of a potentially deadly release of chlorine gas unless the government requires equipment for transporting it.
 
More safety needed to transport chlorine
Jun 13 2007 11:02PM (CT)
WASHINGTON (AP) - Safety officials are warning about the risk of a potentially deadly release of chlorine gas unless the government requires equipment for transporting it.
 
Peru dedicates more land to coca farming
Jun 13 2007 10:31PM (CT)
LIMA, Peru (AP) - The amount of land dedicated to cultivating coca, the raw material in cocaine, increased 7 percent last year in Peru, the world's second biggest producer of the crop, the United Nations said Wednesday.
 
Theft rising at U.S. Wal-Mart stores
Jun 13 2007 10:10PM (CT)
NEW YORK (AP) - Shoppers at Wal-Mart stores across America are loading carts with merchandise _ maybe a flat-screen TV, a few DVDs and a six-pack of beer _ and strolling out without paying. Employees also are helping themselves to goods they haven't paid for.
 
Theft rising at U.S. Wal-Mart stores
Jun 13 2007 10:10PM (CT)
NEW YORK (AP) - Shoppers at Wal-Mart stores across America are loading carts with merchandise _ maybe a flat-screen TV, a few DVDs and a six-pack of beer _ and strolling out without paying. Employees also are helping themselves to goods they haven't paid for.
 
Imported toothpaste recalled
Jun 13 2007 5:59PM (CT)
WASHINGTON (AP) - Five-ounce tubes of toothpaste labeled Colgate and sold in discount stores in four states are being recalled because they may contain a poisonous chemical, according to the importer.
 
Imported toothpaste recalled
Jun 13 2007 5:59PM (CT)
WASHINGTON (AP) - Five-ounce tubes of toothpaste labeled Colgate and sold in discount stores in four states are being recalled because they may contain a poisonous chemical, according to the importer.
 
U.S carmakers to seek labor cost cuts
Jun 13 2007 5:26PM (CT)
DETROIT (AP) - Contract talks between the U.S.-based automakers and the United Auto Workers formally begin next month, but the key issue is already clear: Eliminating the roughly $25-an-hour labor cost gap between Detroit and its Japanese rivals.
 
Banks charged in Parmalat failure
Jun 13 2007 5:19PM (CT)
MILAN, Italy (AP) - The indictment on Wednesday of four international banks on criminal charges related to the 2003 failure of the Parmalat dairy empire could help bondholders recoup millions in losses and potentially exposes the banks to a ban from operating in Italy.
 
United's CFO says merger still a goal
Jun 13 2007 5:16PM (CT)
CHICAGO (AP) - United Airlines remains interested in industry consolidation and would like to team up with a U.S. carrier with a strong presence in the Northeast and a hub in the South, its chief financial officer said Wednesday.
 
Lawmaker threatens to remove Fed power
Jun 13 2007 4:43PM (CT)
WASHINGTON (AP) - A key House lawmaker on Wednesday threatened to strip the Federal Reserve of its authority to write rules against abuses in the market for high-risk mortgages if the central bank did not act quickly to do so.
 
Lawmaker threatens to remove Fed power
Jun 13 2007 4:43PM (CT)
WASHINGTON (AP) - A key House lawmaker on Wednesday threatened to strip the Federal Reserve of its authority to write rules against abuses in the market for high-risk mortgages if the central bank did not act quickly to do so.
 
Panel rejects weight-loss drug
Jun 13 2007 4:34PM (CT)
WASHINGTON (AP) - Federal health advisers unanimously rejected a weight-loss drug Wednesday after hearing testimony that it increases the risk of suicidal thoughts, even in patients without a history of depression.
 
Treasurys prices break losing streak
Jun 13 2007 4:09PM (CT)
NEW YORK (AP) - U.S. Treasury bond prices broke their weeklong losing streak Wednesday, as rising yields finally tempted buyers to step back in to the government bond market.
 
Treasurys prices break losing streak
Jun 13 2007 4:09PM (CT)
NEW YORK (AP) - U.S. Treasury bond prices broke their weeklong losing streak Wednesday, as rising yields finally tempted buyers to step back in to the government bond market.
 
Boeing: $2.8 trillion market for jets
Jun 13 2007 3:38PM (CT)
SEATTLE (AP) - Boeing Co. boosted its 20-year market projections for new commercial jets to $2.8 trillion on Wednesday, up about $200 billion from its forecast last year, citing a growing demand for regional, single-aisle and twin-aisle jets that airlines want for nonstop routes.
 
Oil, gas futures rise on supply concerns
Jun 13 2007 2:57PM (CT)
NEW YORK (AP) - Oil and gasoline prices rallied Wednesday after the government reported that the nation's gasoline stockpiles remain well below average for this time of year.
 
Oil, gas futures rise on supply concerns
Jun 13 2007 2:57PM (CT)
NEW YORK (AP) - Oil and gasoline prices rallied Wednesday after the government reported that the nation's gasoline stockpiles remain well below average for this time of year.
 
Blackstone courts wealthy buyers in IPO
Jun 13 2007 2:52PM (CT)
NEW YORK (AP) - Small investors looking to buy a stake in private-equity powerhouse Blackstone Group might want to look elsewhere for the time being _ the first pass in its much-hyped initial public offering is likely to go exclusively to Wall Street's elite.
 
Gas, oil futures up on inventory report
Jun 13 2007 2:33PM (CT)
NEW YORK (AP) - Gas and oil futures jumped Wednesday on a government report that raised concerns that refiners aren't producing enough gasoline to meet peak summer demand.
 
Slow going at Southwest Airlines
Jun 13 2007 12:46PM (CT)
DALLAS (AP) - The CEO of Southwest Airlines Co. said Wednesday that the low-cost carrier could be forced to put the brakes on growth because revenue isn't rising as fast as expected.
 
Slow going at Southwest Airlines
Jun 13 2007 12:46PM (CT)
DALLAS (AP) - The CEO of Southwest Airlines Co. said Wednesday that the low-cost carrier could be forced to put the brakes on growth because revenue isn't rising as fast as expected.
 
WSJ shakes up top editorial ranks
Jun 13 2007 12:31PM (CT)
NEW YORK (AP) - The new top editor of The Wall Street Journal shook up the senior ranks of the paper's newsroom Wednesday, even as the family that controls the Journal's parent company continued to weigh a possible sale to media baron Rupert Murdoch.
 
Kirch seeks damages from Deutsche Bank
Jun 13 2007 11:41AM (CT)
FRANKFURT, Germany (AP) - Former media tycoon Leo Kirch has sued Deutsche Bank AG and its former CEO, seeking about $1.6 billion in damages over comments about the creditworthiness of his now-defunct media group.
 
Kirch seeks damages from Deutsche Bank
Jun 13 2007 11:41AM (CT)
FRANKFURT, Germany (AP) - Former media tycoon Leo Kirch has sued Deutsche Bank AG and its former CEO, seeking about $1.6 billion in damages over comments about the creditworthiness of his now-defunct media group.
 
Thousands walk out at Deutsche Telekom
Jun 13 2007 11:31AM (CT)
FRANKFURT, Germany (AP) - Deutsche Telekom AG and union negotiators resumed talks Wednesday hoping to end a monthlong strike over a plan to transfer workers to a new services unit and cut pay.
 
Government won't cite China on currency
Jun 13 2007 10:38AM (CT)
WASHINGTON (AP) - Despite pressure from Congress, the Bush administration on Wednesday refused to cite China as a country that manipulates its currency to gain unfair trade advantages.
 
Japan: No problems at US meat facilities
Jun 13 2007 9:01AM (CT)
TOKYO (AP) - Japan will no longer check every American beef shipment after finding no safety problems at dozens of U.S. meatpacking facilities it inspected last month, the government said Wednesday.
 
Sony in talks with Church of England
Jun 13 2007 8:58AM (CT)
TOKYO (AP) - Sony has begun talks with the Church of England over complaints that violent action sequences in a shooting game for the new PlayStation 3 console take place in what appears to be Manchester Cathedral.
 
Number of workers jumps in euro nations
Jun 13 2007 7:07AM (CT)
BRUSSELS, Belgium (AP) - More than half a million people found work in the 13 nations that use the euro during the first three months of the year, the European Union's statistical agency said Wednesday.
 
China says foreign investment jumps
Jun 13 2007 7:06AM (CT)
BEIJING (AP) - Foreign investment in China rose 9.9 percent in the first five months of this year to $25.3 billion from the same period a year ago, a state news agency reported Wednesday.
 
Renault reports worldwide sales decline
Jun 13 2007 7:05AM (CT)
PARIS (AP) - French automaker Renault said vehicle sales slipped 4.2 percent in May from a year earlier to 214,358 amid competition from Asian brands and an older product lineup.
 
U.S. dollar up, gold down
Jun 13 2007 5:59AM (CT)
LONDON (AP) - The U.S. dollar was higher against other major currencies in European trading Wednesday morning. Gold fell.
 
U.S. dollar up, gold down
Jun 13 2007 5:59AM (CT)
LONDON (AP) - The U.S. dollar was higher against other major currencies in European trading Wednesday morning. Gold fell.
 
N.D. nonprofit finishes planting season
Jun 13 2007 2:03AM (CT)
BISMARCK, N.D. (AP) - They've planted crops for farmers who have lost arms in equipment accidents and a few who have been hospitalized with serious illnesses.
 
Firms seek female financial advisers
Jun 13 2007 1:17AM (CT)
NEW YORK (AP) - At age 19, Mary Sterk was divorced with two children, earning minimum wage and buying her groceries with food stamps. Now, 14 years later, she regularly pilots a plane to meet with wealthy investors whose assets are among the $110 million managed by the financial advisory firm she founded.
 
Boeing downplays 787 production snags
Jun 13 2007 1:13AM (CT)
SEATTLE (AP) - As it builds the first of its 787 jetliners, Boeing Co. is grappling with production snags ranging from fuselage sections that didn't fit together perfectly on the first try to an industrywide shortage of the fasteners that hold the plane together.
 
Blockbuster offers cheaper online rental
Jun 13 2007 12:58AM (CT)
DALLAS (AP) - Blockbuster Inc. is offering lower-priced plans for online movie rentals as it competes with Netflix Inc. in a market that some analysts believe could grow more than 40 percent this year.
 
Hostess selling banana-creme Twinkies
Jun 13 2007 12:45AM (CT)
NEW YORK (AP) - Twinkie lovers, get ready to go bananas.
 
Eli Lilly: Drug ads influencing patients
Jun 13 2007 12:23AM (CT)
INDIANAPOLIS (AP) - Eli Lilly and Co., which has faced thousands of lawsuits over its anti-psychotic Zyprexa, says lawyers' ads about the drug are prompting some patients to stop taking mental illness medications when they shouldn't.
 
   

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