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Latest Business News Archives for June 25, 2007

Study: 'BRICs' overtake U.S. in energy
Jun 25 2007 11:25PM (CT)
UNITED NATIONS (AP) - The main challengers to U.S. economic power _ Brazil, Russia, India and China _ have overtaken the United States in dominating the global energy industry, according to a new study by Goldman Sachs.
 
Importer told to recall Chinese tires
Jun 25 2007 10:10PM (CT)
NEWARK, N.J. (AP) - Federal safety officials have ordered a tiny tire importer to recall as many as 450,000 tires that it bought from a Chinese manufacturer and sold to U.S. distributors.
 
Walgreen 3Q net income climbs
Jun 25 2007 5:40PM (CT)
CHICAGO (AP) - Drugstore Walgreen Co. said Monday that an increase in prescription sales, especially among profitable generic medications, helped its third-quarter profit climb nearly 20 percent.
 
Appeal heard in Verizon-Vonage case
Jun 25 2007 5:39PM (CT)
WASHINGTON (AP) - A judge suggested a possible compromise in a patent dispute between Internet phone carrier Vonage and Verizon Communications that would allow Vonage to continue signing up new customers while it modifies its technologies.
 
GLG sells itself in reverse takeover
Jun 25 2007 5:38PM (CT)
LONDON (AP) - GLG Partners LP, one of Europe's largest hedge funds, said Monday it is selling itself in a $3.4 billion reverse takeover that will give it access to the U.S. stock market.
 
Oil, gas futures rise supply concerns
Jun 25 2007 5:37PM (CT)
NEW YORK (AP) - Oil and gas futures rose Monday as reports of new refinery outages countered news that Nigerian labor unions ended a strike over the weekend.
 
Home sales hit slowest pace in 4 years
Jun 25 2007 5:36PM (CT)
WASHINGTON (AP) - Sales of existing homes fell for a third straight month in May, dropping to the lowest level in four years as the median sales price declined for a record 10th consecutive month.
 
Zoellick OK'd as next World Bank chief
Jun 25 2007 5:27PM (CT)
WASHINGTON (AP) - Robert Zoellick, a seasoned player in international financial and diplomatic circles, won the unanimous approval of the World Bank's board on Monday to become the poverty-fighting institution's next president.
 
Tyson launches second biofuel venture
Jun 25 2007 4:44PM (CT)
SPRINGDALE, Ark. (AP) - Tyson Foods Inc., the world's largest meat producer, announced Monday its second joint venture to make synthetic fuel out of leftover fat from beef, pork and chicken.
 
Tyson launches second biofuel venture
Jun 25 2007 4:44PM (CT)
SPRINGDALE, Ark. (AP) - Tyson Foods Inc., the world's largest meat producer, announced Monday its second joint venture to make synthetic fuel out of leftover fat from beef, pork and chicken.
 
Apple iPhone hype machine in overdrive
Jun 25 2007 4:20PM (CT)
SAN JOSE, Calif. (AP) - Even for a company that's mastered the art of product-launch hoopla, Apple Inc. appears to have pulled out all the stops to propel iPhone hysteria into the stratosphere.
 
Apple iPhone hype machine in overdrive
Jun 25 2007 4:20PM (CT)
SAN JOSE, Calif. (AP) - Even for a company that's mastered the art of product-launch hoopla, Apple Inc. appears to have pulled out all the stops to propel iPhone hysteria into the stratosphere.
 
Apple iPhone hype machine in overdrive
Jun 25 2007 4:20PM (CT)
SAN JOSE, Calif. (AP) - Even for a company that's mastered the art of product-launch hoopla, Apple Inc. appears to have pulled out all the stops to propel iPhone hysteria into the stratosphere.
 
Apple iPhone hype machine in overdrive
Jun 25 2007 4:20PM (CT)
SAN JOSE, Calif. (AP) - Even for a company that's mastered the art of product-launch hoopla, Apple Inc. appears to have pulled out all the stops to propel iPhone hysteria into the stratosphere.
 
Apple iPhone hype machine in overdrive
Jun 25 2007 4:20PM (CT)
SAN JOSE, Calif. (AP) - Even for a company that's mastered the art of product-launch hoopla, Apple Inc. appears to have pulled out all the stops to propel iPhone hysteria into the stratosphere.
 
Apple iPhone hype machine in overdrive
Jun 25 2007 4:20PM (CT)
SAN JOSE, Calif. (AP) - Even for a company that's mastered the art of product-launch hoopla, Apple Inc. appears to have pulled out all the stops to propel iPhone hysteria into the stratosphere.
 
Apple iPhone hype machine in overdrive
Jun 25 2007 4:20PM (CT)
SAN JOSE, Calif. (AP) - Even for a company that's mastered the art of product-launch hoopla, Apple Inc. appears to have pulled out all the stops to propel iPhone hysteria into the stratosphere.
 
Apple iPhone hype machine in overdrive
Jun 25 2007 4:20PM (CT)
SAN JOSE, Calif. (AP) - Even for a company that's mastered the art of product-launch hoopla, Apple Inc. appears to have pulled out all the stops to propel iPhone hysteria into the stratosphere.
 
Apple iPhone hype machine in overdrive
Jun 25 2007 4:20PM (CT)
SAN JOSE, Calif. (AP) - Even for a company that's mastered the art of product-launch hoopla, Apple Inc. appears to have pulled out all the stops to propel iPhone hysteria into the stratosphere.
 
Treasury prices rise as stocks fall
Jun 25 2007 4:19PM (CT)
NEW YORK (AP) - Treasury prices made further gains Monday, as investors continued to favor U.S. government bonds amid concerns about spillover from the subprime mortgage market and broad credit quality concerns.
 
Treasury prices rise as stocks fall
Jun 25 2007 4:19PM (CT)
NEW YORK (AP) - Treasury prices made further gains Monday, as investors continued to favor U.S. government bonds amid concerns about spillover from the subprime mortgage market and broad credit quality concerns.
 
Gold, silver fall on early oil drop
Jun 25 2007 3:07PM (CT)
NEW YORK (AP) - Gold prices slipped Monday, pressured by an early selloff in crude oil and the dollar's rise against the euro.
 
Gold, silver fall on early oil drop
Jun 25 2007 3:07PM (CT)
NEW YORK (AP) - Gold prices slipped Monday, pressured by an early selloff in crude oil and the dollar's rise against the euro.
 
Gettelfinger lauds GM for tentative deal
Jun 25 2007 9:45AM (CT)
DETROIT (AP) - United Auto Workers President Ron Gettelfinger credited General Motors Corp. on Monday for a tentative wage-concession deal with Delphi Corp. meant to help the struggling auto supplier emerge from bankruptcy and avoid a strike.
 
Gettelfinger lauds GM for tentative deal
Jun 25 2007 9:45AM (CT)
DETROIT (AP) - United Auto Workers President Ron Gettelfinger credited General Motors Corp. on Monday for a tentative wage-concession deal with Delphi Corp. meant to help the struggling auto supplier emerge from bankruptcy and avoid a strike.
 
Court turns down pharmaceutical case
Jun 25 2007 9:29AM (CT)
WASHINGTON (AP) - The Supreme Court on Monday refused to consider a lawsuit alleging two pharmaceutical companies conspired to monopolize the market for a drug used to treat breast cancer.
 
Court turns down pharmaceutical case
Jun 25 2007 9:29AM (CT)
WASHINGTON (AP) - The Supreme Court on Monday refused to consider a lawsuit alleging two pharmaceutical companies conspired to monopolize the market for a drug used to treat breast cancer.
 
Business prevails in environmental case
Jun 25 2007 9:18AM (CT)
WASHINGTON (AP) - The Supreme Court sided with developers and the Bush administration Monday in a dispute with environmentalists over protecting endangered species.
 
Americans set record for charity in 2006
Jun 25 2007 6:58AM (CT)
NEW YORK (AP) - Americans gave nearly $300 billion to charitable causes last year, setting a new record and besting the 2005 total that had been boosted by a surge in aid to victims of hurricanes Katrina, Rita and Wilma and the Asian tsunami.
 
Cheaper imports hamper honeybee farmers
Jun 25 2007 5:56AM (CT)
TIPTON, Okla. (AP) - Honey has been in Gary Grose's blood for nearly 35 years.
 
Dollar bounces up against euro
Jun 25 2007 5:45AM (CT)
BERLIN (AP) - The dollar rose against the euro as the British pound toyed with the $2 mark on Monday _ the start of a week heavy on U.S. economic data.
 
Japan, U.S. to hold meetings over beef
Jun 25 2007 12:12AM (CT)
TOKYO (AP) - Japan and the U.S. will hold a two-day technical meeting on U.S. beef imports, officials said Monday, amid expectations the talks may pave the way for easing Japan's strict import restrictions.
 
   

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