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Latest Business News Archives for June 21, 2007

Oil prices unaffected by Nigerian strike
Jun 21 2007 11:56PM (CT)
SINGAPORE (AP) - Oil prices edged lower in Asian trading Friday, largely unaffected by failed talks between the Nigerian government and labor union officials to end a general labor strike in Africa's largest crude producer.
 
Oil prices unaffected by Nigerian strike
Jun 21 2007 11:56PM (CT)
SINGAPORE (AP) - Oil prices edged lower in Asian trading Friday, largely unaffected by failed talks between the Nigerian government and labor union officials to end a general labor strike in Africa's largest crude producer.
 
Blackstone shares begin trading on NYSE
Jun 21 2007 11:24PM (CT)
NEW YORK (AP) - Blackstone Group LP debuts Friday on the New York Stock Exchange in the most talked-about IPO to sweep Wall Street since Google.
 
Blackstone shares begin trading on NYSE
Jun 21 2007 11:24PM (CT)
NEW YORK (AP) - Blackstone Group LP debuts Friday on the New York Stock Exchange in the most talked-about IPO to sweep Wall Street since Google.
 
Blackstone shares begin trading on NYSE
Jun 21 2007 11:24PM (CT)
NEW YORK (AP) - Blackstone Group LP debuts Friday on the New York Stock Exchange in the most talked-about IPO to sweep Wall Street since Google.
 
Blackstone shares begin trading on NYSE
Jun 21 2007 11:24PM (CT)
NEW YORK (AP) - Blackstone Group LP debuts Friday on the New York Stock Exchange in the most talked-about IPO to sweep Wall Street since Google.
 
Blackstone shares begin trading on NYSE
Jun 21 2007 11:24PM (CT)
NEW YORK (AP) - Blackstone Group LP debuts Friday on the New York Stock Exchange in the most talked-about IPO to sweep Wall Street since Google.
 
Jim Press gets OK to join Toyota's board
Jun 21 2007 11:09PM (CT)
TOKYO (AP) - Jim Press, the top man of Toyota's North American operations, got the go-ahead from shareholders Friday to become the first non-Japanese member of the automaker's board of directors.
 
Chavez warns against Andean-Europe pact
Jun 21 2007 11:02PM (CT)
CARACAS, Venezuela (AP) - President Hugo Chavez urged the Community of Andean Nations not go through with a proposed free trade pact with Europe because it would be worse than similar deals he has fiercely opposed with the United States.
 
American Greetings profit nearly doubles
Jun 21 2007 5:18PM (CT)
CLEVELAND (AP) - American Greetings Corp. said Thursday that its first quarter profit nearly doubled from a year ago on strong sales of greeting cards designed to be more personal.
 
H&R Block reports $85.6 million 4Q loss
Jun 21 2007 5:17PM (CT)
KANSAS CITY, Mo. (AP) - Trouble in H&R Block Inc.'s subprime lending unit led the company Thursday to report fourth-quarter and full-year losses and predict smaller 2008 earnings than those expected by Wall Street.
 
Bob Evans founder dies at 89
Jun 21 2007 5:14PM (CT)
COLUMBUS, Ohio (AP) - Bob Evans, whose quest for quality sausage to serve the truckers who filled his 12-stool, 24-hour-a-day steakhouse in southeast Ohio led to the creation of a restaurant chain that bears his name, died Thursday, Bob Evans Farms Inc. announced. He was 89.
 
GE, Pearson abandon talks with Dow Jones
Jun 21 2007 5:07PM (CT)
NEW YORK (AP) - General Electric Co. said Thursday it has abandoned talks with Financial Times publisher Pearson PLC about a possible bid for Dow Jones & Co., removing a potential rival to a $5 billion offer from Rupert Murdoch's News Corp.
 
Senate would raise auto fuel standards
Jun 21 2007 4:48PM (CT)
WASHINGTON (AP) - Senators reached agreement Thursday on a proposal to increase automobile fuel economy standards to 35 miles per gallon, the first significant boost demanded of automakers in nearly 20 years.
 
Gold, silver prices decline
Jun 21 2007 3:58PM (CT)
NEW YORK (AP) - Gold prices declined for the second straight session Thursday as the dollar strengthened and bond yields extended their rise.
 
Gold, silver prices decline
Jun 21 2007 3:58PM (CT)
NEW YORK (AP) - Gold prices declined for the second straight session Thursday as the dollar strengthened and bond yields extended their rise.
 
Strict standard set on investor suits
Jun 21 2007 3:47PM (CT)
WASHINGTON (AP) - Investors who already had lost money on their stocks lost again at the Supreme Court Thursday when the justices imposed a strict standard for shareholders suing companies accused of fraud.
 
Chrysler to boost gas mileage
Jun 21 2007 1:53PM (CT)
DETROIT (AP) - With higher government fuel economy requirements looming and gas costing about $3 per gallon, Chrysler Group on Thursday announced new measures to boost mileage for its cars and trucks.
 
Chrysler to boost gas mileage
Jun 21 2007 1:53PM (CT)
DETROIT (AP) - With higher government fuel economy requirements looming and gas costing about $3 per gallon, Chrysler Group on Thursday announced new measures to boost mileage for its cars and trucks.
 
FDA clears computerized pill box
Jun 21 2007 1:36PM (CT)
WASHINGTON (AP) - A computerized pill box that patients can keep at home to dole out their drugs on schedule and in the correct doses received federal approval Thursday.
 
WTO talks in Germany collapse
Jun 21 2007 11:21AM (CT)
POTSDAM, Germany (AP) - A crucial meeting of the World Trade Organization's four most powerful members has failed, officials said Thursday, dealing a major setback to efforts at reaching a new global commerce pact.
 
Big Canadian telecom companies talk deal
Jun 21 2007 10:39AM (CT)
TORONTO (AP) - Canada's two largest telecommunications companies, BCE Inc. and Telus Corp., are discussing the possibility of combining their businesses as Canadian pension funds and foreign investors bid for BCE.
 
Big Canadian telecom companies talk deal
Jun 21 2007 10:39AM (CT)
TORONTO (AP) - Canada's two largest telecommunications companies, BCE Inc. and Telus Corp., are discussing the possibility of combining their businesses as Canadian pension funds and foreign investors bid for BCE.
 
Longer maturity Treasurys prices fall
Jun 21 2007 10:28AM (CT)
NEW YORK (AP) - Longer maturity U.S. Treasury bonds slipped Thursday amid concerns over the subprime mortgage sector and the falling stock market.
 
Dollar climbs against euro
Jun 21 2007 9:29AM (CT)
FRANKFURT, Germany (AP) - The dollar traded slightly higher against the euro Thursday, despite a report showing that U.S. jobless claims last week rose to their highest level in two months.
 
Dollar climbs against euro
Jun 21 2007 9:29AM (CT)
FRANKFURT, Germany (AP) - The dollar traded slightly higher against the euro Thursday, despite a report showing that U.S. jobless claims last week rose to their highest level in two months.
 
Jobless claims rise unexpectedly
Jun 21 2007 9:28AM (CT)
WASHINGTON (AP) - The number of newly laid off workers filing claims for unemployment benefits shot up unexpectedly last week, rising to the highest level in two months.
 
KFC ransacked in Pakistan riots
Jun 21 2007 6:02AM (CT)
KARACHI, Pakistan (AP) - Hundreds of residents angered over a 16-hour power outage rioted in the southern Pakistan city of Karachi overnight, ransacking a KFC restaurant and two banks, police said Thursday.
 
KFC ransacked in Pakistan riots
Jun 21 2007 6:02AM (CT)
KARACHI, Pakistan (AP) - Hundreds of residents angered over a 16-hour power outage rioted in the southern Pakistan city of Karachi overnight, ransacking a KFC restaurant and two banks, police said Thursday.
 
KFC ransacked in Pakistan riots
Jun 21 2007 6:02AM (CT)
KARACHI, Pakistan (AP) - Hundreds of residents angered over a 16-hour power outage rioted in the southern Pakistan city of Karachi overnight, ransacking a KFC restaurant and two banks, police said Thursday.
 
Dow Jones takes over News Corp. talks
Jun 21 2007 4:56AM (CT)
NEW YORK (AP) - The board of Dow Jones & Co. is assuming control of negotiations with Rupert Murdoch's News Corp. over the media conglomerate's unsolicited $5 billion offer to buy the company, which publishes The Wall Street Journal.
 
Dow Jones takes over News Corp. talks
Jun 21 2007 4:56AM (CT)
NEW YORK (AP) - The board of Dow Jones & Co. is assuming control of negotiations with Rupert Murdoch's News Corp. over the media conglomerate's unsolicited $5 billion offer to buy the company, which publishes The Wall Street Journal.
 
Dow Jones takes over News Corp. talks
Jun 21 2007 4:56AM (CT)
NEW YORK (AP) - The board of Dow Jones & Co. is assuming control of negotiations with Rupert Murdoch's News Corp. over the media conglomerate's unsolicited $5 billion offer to buy the company, which publishes The Wall Street Journal.
 
Dow Jones takes over News Corp. talks
Jun 21 2007 4:56AM (CT)
NEW YORK (AP) - The board of Dow Jones & Co. is assuming control of negotiations with Rupert Murdoch's News Corp. over the media conglomerate's unsolicited $5 billion offer to buy the company, which publishes The Wall Street Journal.
 
Corn farmers eager for heavy rainfall
Jun 21 2007 4:54AM (CT)
CHAMPAIGN, Ill. (AP) - The wall calendar John Olsson uses to record key events on his farm reminds him of the last time a serious rain fell: the week at the end of April when he was planting his corn. Now, after weeks of dry heat, Olsson and other farmers in central Illinois say their corn could use a good shower or two. Olsson has about 650 acres of corn just west of Springfield, near the small town of New Berlin.
 
Corn farmers eager for heavy rainfall
Jun 21 2007 4:54AM (CT)
CHAMPAIGN, Ill. (AP) - The wall calendar John Olsson uses to record key events on his farm reminds him of the last time a serious rain fell: the week at the end of April when he was planting his corn. Now, after weeks of dry heat, Olsson and other farmers in central Illinois say their corn could use a good shower or two. Olsson has about 650 acres of corn just west of Springfield, near the small town of New Berlin.
 
Corn farmers eager for heavy rainfall
Jun 21 2007 4:54AM (CT)
CHAMPAIGN, Ill. (AP) - The wall calendar John Olsson uses to record key events on his farm reminds him of the last time a serious rain fell: the week at the end of April when he was planting his corn. Now, after weeks of dry heat, Olsson and other farmers in central Illinois say their corn could use a good shower or two. Olsson has about 650 acres of corn just west of Springfield, near the small town of New Berlin.
 
CEO: Sony is shifting to recovery mode
Jun 21 2007 4:16AM (CT)
TOKYO (AP) - Sony Corp. Chairman Howard Stringer promised Thursday to shift the struggling electronics giant from recovery to growth and to make the PlayStation 3 a profit driver despite its bungled rollout. But investors at the company's annual shareholder meeting in Tokyo remained skeptical of an imminent turnaround, pressing Stringer for a clear strategy on how he intended to recoup losses at its video games unit and catch up to rivals like Apple Inc. in portable music players.
 
CEO: Sony is shifting to recovery mode
Jun 21 2007 4:16AM (CT)
TOKYO (AP) - Sony Corp. Chairman Howard Stringer promised Thursday to shift the struggling electronics giant from recovery to growth and to make the PlayStation 3 a profit driver despite its bungled rollout. But investors at the company's annual shareholder meeting in Tokyo remained skeptical of an imminent turnaround, pressing Stringer for a clear strategy on how he intended to recoup losses at its video games unit and catch up to rivals like Apple Inc. in portable music players.
 
CEO: Sony is shifting to recovery mode
Jun 21 2007 4:16AM (CT)
TOKYO (AP) - Sony Corp. Chairman Howard Stringer promised Thursday to shift the struggling electronics giant from recovery to growth and to make the PlayStation 3 a profit driver despite its bungled rollout. But investors at the company's annual shareholder meeting in Tokyo remained skeptical of an imminent turnaround, pressing Stringer for a clear strategy on how he intended to recoup losses at its video games unit and catch up to rivals like Apple Inc. in portable music players.
 
General strike in Nigeria enters 2nd day
Jun 21 2007 3:56AM (CT)
LAGOS, Nigeria (AP) - A general strike called by unions seeking to overturn government price hikes moved into its second day on Thursday, with streets increasingly deserted across Africa's most-populous nation.
 
General strike in Nigeria enters 2nd day
Jun 21 2007 3:56AM (CT)
LAGOS, Nigeria (AP) - A general strike called by unions seeking to overturn government price hikes moved into its second day on Thursday, with streets increasingly deserted across Africa's most-populous nation.
 
General strike in Nigeria enters 2nd day
Jun 21 2007 3:56AM (CT)
LAGOS, Nigeria (AP) - A general strike called by unions seeking to overturn government price hikes moved into its second day on Thursday, with streets increasingly deserted across Africa's most-populous nation.
 
General strike in Nigeria enters 2nd day
Jun 21 2007 3:56AM (CT)
LAGOS, Nigeria (AP) - A general strike called by unions seeking to overturn government price hikes moved into its second day on Thursday, with streets increasingly deserted across Africa's most-populous nation.
 
Japanese stocks close at new 7-year high
Jun 21 2007 2:55AM (CT)
TOKYO (AP) - Japanese stocks rose to a seven-year high Thursday amid recent yen weakness, which helps the nation's key exporters, and optimism over the nation's economic outlook.
 
Japanese stocks close at new 7-year high
Jun 21 2007 2:55AM (CT)
TOKYO (AP) - Japanese stocks rose to a seven-year high Thursday amid recent yen weakness, which helps the nation's key exporters, and optimism over the nation's economic outlook.
 
   

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