Latest Business News
Economic Figures
Dollar & Gold News
Board of Trade News
Personal Finance
|
|
|
|
|
|
Japanese stocks edge lower; Dollar drops
Jun 20 2006 11:03PM (CT)
TOKYO (AP) - Japanese stocks edged lower Wednesday morning due to concerns about U.S. interest rates. The dollar was lower against the yen and euro.
|
|
|
Southwest to test assigned seating
Jun 20 2006 10:30PM (CT)
DALLAS (AP) - Southwest Airlines Co. will test assigning seats to travelers, another indication that the maverick carrier may get in line with other U.S. airlines by junking its first-come, first-served seating system.
|
|
|
Visa says ATM breach may have exposed data
Jun 20 2006 9:43PM (CT)
SAN FRANCISCO (AP) - Visa USA on Tuesday confirmed an ATM security breakdown has exposed more consumers to potential mischief, the latest in a long line of lapses that have illuminated the often flimsy controls over the personal information entrusted to businesses, schools and government agencies.
|
|
|
AP: Ex-official got raises during probe
Jun 20 2006 9:33PM (CT)
SEATTLE (AP) - A former federal official, convicted of accepting gratuities from a natural gas company that overcharged the government, received nearly $22,000 in raises while he was under investigation, according to documents obtained by The Associated Press.
|
|
|
Rating agencies lower GM debt on loan
Jun 20 2006 8:56PM (CT)
NEW YORK (AP) - General Motors Corp. again drew the ire of credit rating agencies Tuesday after unveiling changes to a $5.6 billion loan package that was seen putting bondholders at a disadvantage.
|
|
|
Newspapers hope for growth online
Jun 20 2006 5:19PM (CT)
NEW YORK (AP) - Newspapers are seeing tremendous growth in online advertising, but as executives presented midyear updates to investors Tuesday, analysts still wonder whether it's enough.
|
|
|
Oil prices steady near $69 a barrel
Jun 20 2006 4:59PM (CT)
WASHINGTON (AP) - Crude futures were steady near $69 a barrel Tuesday and some analysts said the monthlong seesawing of oil prices around this level suggests a fair price may have been reached, at least in the short term.
|
|
|
Treasurys end little changed
Jun 20 2006 4:55PM (CT)
NEW YORK (AP) - U.S. Treasury prices ended little changed Tuesday after a lazy session in which prices spent part of the day underwater after better-than-expected data on housing starts.
|
|
|
Gold surges on short covering, dollar
Jun 20 2006 4:41PM (CT)
NEW YORK (AP) - Gold and silver futures staged a short-covering rally into the close Tuesday, boosted by geopolitical tensions surrounding North Korea and a fading U.S. dollar.
|
|
|
U.S.: Japan talks on beef making progress
Jun 20 2006 4:36PM (CT)
WASHINGTON (AP) - Prospects are improving for resuming American beef shipments to Japan, a major market that closed in January because of Japanese concerns about mad cow disease.
|
|
|
Costly gold gives jewelers the jitters
Jun 20 2006 4:05PM (CT)
DENVER (AP) - After more than 30 years in jewelry design, John Atencio has built a reputation for heavier rings, necklaces and earrings.
|
|
|
Kroger stock jumps on rise in 1Q profit
Jun 20 2006 3:56PM (CT)
CINCINNATI (AP) - Kroger Co. said Tuesday that its first-quarter profit rose 4 percent as discounts and wider selection helped drive sales higher than expected. Stock in the nation's largest traditional grocery store chain jumped when Kroger affirmed its earnings forecast for the year and boosted its outlook at stores opened for at least 15 months.
|
|
|
Dollar falls against major currencies
Jun 20 2006 3:16PM (CT)
NEW YORK (AP) - The dollar fell against most major currencies Tuesday even after the release of positive economic news from Washington.
|
|
|
When will the Fed stop?
Jun 20 2006 2:27PM (CT)
NEW YORK (AP) - The Federal Reserve had made it abundantly clear _ it will raise interest rates as much as necessary to curb inflation.
|
|
|
Number of global millionaires grows
Jun 20 2006 2:21PM (CT)
DUBAI, United Arab Emirates (AP) - The increasing ease of becoming a millionaire became clear Tuesday, with the announcement that the ranks of world millionaires had swelled to 8.7 million last year _ half a million more than the population of New York City.
|
|
|
Lego to cut 1,200 jobs in Denmark, U.S.
Jun 20 2006 1:49PM (CT)
NEW YORK (AP) - Lego Group, whose iconic plastic building blocks have entertained millions of children for more than 70 years, said Tuesday it will be shedding 1,200 of its worldwide jobs to remold itself in an era when kids prefer playing with electronic gadgets.
|
|
|
EADS shares rise on hopes of shake-up
Jun 20 2006 1:46PM (CT)
PARIS (AP) - Shares in Airbus parent EADS rose sharply Tuesday after the French government pledged to review the European defense group's ownership and management structures.
|
|
|
Dupont, BP join to produce biofuels
Jun 20 2006 1:18PM (CT)
DOVER, Del. (AP) - Chemical maker DuPont said Tuesday it will begin marketing biofuels for the transportation sector next year through a partnership with oil company BP PLC.
|
|
|
Lego to lay off 1,200 in Denmark, U.S.
Jun 20 2006 11:27AM (CT)
COPENHAGEN, Denmark (AP) - Lego Group said Tuesday it will end production at a U.S. facility and lay off 300 people there in early 2007, while some 900 of the toy maker's employees in Denmark will also be sacked over the next three years.
|
|
|
Mittal, Arcelor try to woo shareholders
Jun 20 2006 10:32AM (CT)
BRUSSELS, Belgium (AP) - Mittal Steel Co. and its takeover target, Arcelor SA, intensified their campaigns to win over shareholders Tuesday with rival ads in European newspapers aimed at influencing next week's vote on Arcelor's proposed linkup with Russia's Severstal.
|
|
|
Equifax: Laptop with employee data stolen
Jun 20 2006 10:12AM (CT)
ATLANTA (AP) - Equifax Inc., one of the nation's three major credit bureaus, said Tuesday a company laptop containing employee names and Social Security numbers was stolen from an employee who was traveling by train near London.
|
|
|
Tribune CEO says stock buyback on track
Jun 20 2006 9:46AM (CT)
CHICAGO (AP) - Tribune Co. is proceeding with its $2 billion stock buyback plan despite opposition from the Chandler family and expects to complete it next week, CEO Dennis FitzSimons said Tuesday.
|
|
|
EU adds more airlines to blacklist
Jun 20 2006 7:52AM (CT)
BRUSSELS, Belgium (AP) - The European Union added three airlines based in developing nations to a safety blacklist Tuesday, banning them from landing at European airports and it also imposed restrictions on a fourth.
|
|
|
U.S. subpoenas Apollo, Delta Petroleum
Jun 20 2006 6:44AM (CT)
NEW YORK (AP) - Apollo Group Inc., which operates the University of Phoenix and other learning centers, said late Monday that federal prosecutors have requested documents over its stock option grants.
|
|
|
PCCW gets offer for media, telecom assets
Jun 20 2006 6:37AM (CT)
HONG KONG (AP) - Hong Kong phone company PCCW Ltd. said Tuesday it has received an offer to buy its telecommunications and media assets, with newspapers reporting that the potential buyer, Australia's Macquarie Bank Ltd., has put up 40 billion Hong Kong dollars ($5.2 billion) for the possible deal.
|
|
|
Bank of Japan chief apologizes for scandal
Jun 20 2006 6:16AM (CT)
TOKYO (AP) - Japan's central bank chief apologized to the nation Tuesday and said he would take a pay cut for an investment scandal that has set off calls for his resignation. He also said the bank has set up a committee to review rules for its officials' assets.
|
|
|
AP: Police got phone data from brokers
Jun 20 2006 5:42AM (CT)
WASHINGTON (AP) - Numerous federal and local law enforcement agencies have bypassed subpoenas and warrants designed to protect civil liberties and gathered Americans' personal telephone records from private-sector data brokers.
|
|
|
Wet spring OK for Conn. berry harvest
Jun 20 2006 2:49AM (CT)
SOUTH WINDSOR, Conn. (AP) - The soggy spring that flooded basements and turned back yards into mud holes was a boon to the berry. The strawberry, to be exact.
|
|
|
Japan closer to lifting ban on U.S. beef
Jun 20 2006 12:41AM (CT)
TOKYO (AP) - Japan moved closer to lifting a ban on U.S. beef imports as officials from the two countries were to hold a teleconference later Tuesday to discuss conditions of resuming shipments, a Japanese health official said.
|
|
|
China pharmaceuticals appeal Viagra ruling
Jun 20 2006 12:05AM (CT)
BEIJING (AP) - Twelve Chinese pharmaceutical companies are appealing a court ruling that sides with Pfizer Inc. and prevents local drug makers from selling generic versions of Viagra, a state-run newspaper said Tuesday.
|
|
|
|
|
|