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Japanese stocks up 0.28 percent at midday
Jul 3 2005 11:45PM (CT)
TOKYO (AP) - Japanese stocks rose moderately Monday morning as traders bought shares of big electronic and auto exporters on optimism that the stronger dollar will inflate their overseas sales.
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Philippine shares tumble as markets brace
Jul 3 2005 9:51PM (CT)
MANILA, Philippines (AP) - The Philippine markets on Monday took the brunt of investors' ire over a Supreme Court decision to freeze the implementation of a new value added tax, the centerpiece of the government's economic reform policy, while officials quickly moved to contest the ruling.
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Oil facility damages have cost Iraq $11B
Jul 3 2005 9:30PM (CT)
BAGHDAD, Iraq (AP) - Iraq has lost about $11.35 billion because of damage to oil sector infrastructure and lost revenue since petroleum exports resumed after the U.S.-led invasion two years ago, an Iraqi oil ministry spokesman said Sunday.
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Applebee's may have found fingertip source
Jul 3 2005 8:57PM (CT)
KANSAS CITY, Mo. (AP) - Applebee's International Inc. says an internal investigation has discovered that a former employee at a Jefferson, La., restaurant cut the tip off his thumb a year ago and that likely is the fingertip found by a customer now suing the restaurant chain.
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Markets may get some clarity this week
Jul 3 2005 8:36PM (CT)
NEW YORK (AP) - With crude prices still near historic highs and the Federal Reserve holding steady on interest rates, investors have been looking forward to the start of earnings season to see whether corporate America can still deliver strong profits.
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Wal-Mart boosts June sales forecast
Jul 3 2005 8:36PM (CT)
NEW YORK (AP) - Wal-Mart Stores Inc. raised its forecast for June same-store sales, citing demand for seasonal and general merchandise.
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Brazil aims for cheaper AIDS drug
Jul 3 2005 7:38PM (CT)
SAO PAULO, Brazil (AP) - AIDS activists and humanitarian groups are praising Brazil for taking the first step by any country to break an AIDS drug patent and produce copycat versions, a decision they hope leads to massive exports to other poor countries devastated by the disease.
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Turkey, Greece launch pipeline project
Jul 3 2005 6:19PM (CT)
IPSALA BORDER CROSSING, Turkey (AP) - The Turkish and Greek prime ministers met Sunday on a bridge over the river that divides their countries to launch a joint construction project to connect rich natural gas fields in the Caspian Sea area and Central Asia to energy-hungry markets in Europe.
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Feds to continue HealthSouth probe
Jul 3 2005 2:00PM (CT)
BIRMINGHAM, Ala. (AP) - Federal prosecutors aren't done with HealthSouth Corp., despite the acquittal of ousted CEO Richard Scrushy in a $2.7 billion earnings overstatement.
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Unocal must decide between two bidders
Jul 3 2005 12:30PM (CT)
WASHINGTON (AP) - A bird in the hand, or two in the bush. That's the choice facing Unocal Corp., which agreed in April to be bought by Chevron Corp. for $16.6 billion but is now considering a rival $18.5 billion bid from CNOOC Ltd.
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Manufacturing up at faster rate in June
Jul 3 2005 12:58AM (CT)
NEW YORK (AP) - Activity in the nation's factories increased at a faster pace in June, a private research group said Friday, in a fresh signal that the nation's economy continues to expand. A second report showed construction spending declined for a third straight month in May, but still remains close to its all-time high.
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GM sales soar on employee discount offer
Jul 3 2005 12:58AM (CT)
DETROIT (AP) - General Motors Corp.'s sales soared 41 percent in June to their highest monthly total in nearly 19 years thanks to a heavily promoted discount that allowed customers to buy cars and trucks at the employee rate, new sales figures showed Friday.
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Awakening economic powerhouses eye G-8
Jul 3 2005 12:57AM (CT)
WASHINGTON (AP) - The exclusive club of world leaders, known as the Group of Eight, has an identity crisis. It often is described as a collection of the richest countries or largest industrial democracies. It is neither.
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Double-digit earnings growth about to end
Jul 3 2005 12:54AM (CT)
NEW YORK (AP) - With second-quarter earnings season just days away, it looks like the largest U.S. companies might break a notable winning streak _ 12 straight quarters of double-digit earnings growth. So far, there have been twice as many companies in the Standard & Poor's 500 warning that they'll miss second-quarter earnings targets as there are companies saying they'll beat expectations.
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