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U.S. automakers' sales decline in June
Jul 3 2006 11:34PM (CT)
DETROIT (AP) - Domestic automakers' sales slid in June, lashed by higher gas prices and by tough comparisons with last summer's discount-driven bonanza, the companies said on Monday.
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Corvette still bright spot amid GM woes
Jul 3 2006 11:33PM (CT)
BOWLING GREEN, Ky. (AP) - Gene Taglialavore grinned like a kid on Christmas morning as he watched his wife settle into the driver's seat of the couple's new cranberry red Chevy Corvette.
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Japan's central bank may raise rates soon
Jul 3 2006 11:07PM (CT)
TOKYO (AP) - Japan's economy minister said Tuesday that the economic, price and market conditions were beginning to fall into place to allow the central bank to raise interest rates after keeping them at zero for five years.
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Consumers face challenges in handling debt
Jul 3 2006 9:56PM (CT)
NEW YORK (AP) - Rising interest rates and higher gasoline prices are putting the squeeze on consumers' budgets, and many are finding it harder to keep up with their bills. Credit counseling agencies say that consumers are coming in in droves seeking help.
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Mexico stock markets end up 4.8 percent
Jul 3 2006 4:57PM (CT)
MEXICO CITY (AP) - Markets rose broadly across Latin America on Monday, a day that saw Mexican stocks close up 4.8 percent as investors reacted to a thin lead in presidential election returns by the conservative candidate.
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Dollar trades mixed vs. major currencies
Jul 3 2006 3:45PM (CT)
NEW YORK (AP) - The dollar traded mixed against the major currencies Monday after data showed manufacturing activity in June rose less than expected and construction spending dropped in May.
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Treasury bond prices fall in thin trading
Jul 3 2006 3:21PM (CT)
NEW YORK (AP) - Treasury bond prices fell modestly in thin trading Monday as stocks rose, but weak manufacturing and construction data helped keep those losses small.
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Treasury bills mixed in weekly auction
Jul 3 2006 3:20PM (CT)
WASHINGTON (AP) - Interest rates on short-term Treasury bills were mixed in Monday's auction with rates on six-month bills dipping slightly and rates on three-month bills climbing to the highest level in more than five years.
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Monday's commodities roundup
Jul 3 2006 2:56PM (CT)
NEW YORK (AP) - Coffee, sugar and cocoa futures jumped Monday in light trading on supply worries, while energy and metals markets were closed ahead of Independence Day.
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Auto alliance may reshape global industry
Jul 3 2006 2:34PM (CT)
DETROIT (AP) - With the recent announcement that foreign competitors Renault SA and Nissan Motor Co. are considering purchasing a significant stake in General Motors Corp., the hunter has become the hunted. GM, which not too long ago used its power and size to buy into smaller, less developed companies, now is potentially on the receiving end of such a transaction.
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Oil prices settle at $73 a barrel
Jul 3 2006 2:29PM (CT)
VIENNA, Austria (AP) - Oil prices eased Monday but held above $73 a barrel as more than 40 million Americans were expected to take to the road for Independence Day.
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Renault board OKs opening talks with GM
Jul 3 2006 2:19PM (CT)
PARIS (AP) - The board of Renault SA on Monday approved opening talks with General Motors Corp. over a possible new alliance with the French automaker and Nissan Motor Co. if the U.S. company wants the discussions, Renault said.
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Petrocaribe deal slow to take effect
Jul 3 2006 2:03PM (CT)
SAN JUAN, Puerto Rico (AP) - One year after 13 Caribbean countries signed a deal with Venezuelan President Hugo Chavez to buy oil under preferential terms, a majority of them have not received a single drop of fuel, while those that have are still paying high prices at the pump.
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Cullen/Frost to buy Summit Bancshares
Jul 3 2006 1:01PM (CT)
DALLAS (AP) - Cullen/Frost Bankers Inc. said Monday it will buy another Texas bank, Summit Bancshares Inc., for $363.5 million in cash and stock.
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Honda to double car production in India
Jul 3 2006 12:15PM (CT)
NEW DELHI (AP) - Japanese auto giant Honda Motor Co. plans to double its production capacity in India by next year, set up a fully owned subsidiary and invest about $650 million over the next 10 years to expand its business here, the company's chief executive said.
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BP oil, gas output tumbles yet again
Jul 3 2006 11:28AM (CT)
LONDON (AP) - Energy company BP PLC said Monday that oil and gas output fell for the fourth straight quarter and that its refinery explosion in Texas will cost it $500 million more than it had anticipated.
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Manufacturing sector expands in June
Jul 3 2006 10:42AM (CT)
NEW YORK (AP) - The nation's manufacturing sector expanded in June, but at a slower pace than analysts expected. Raw materials prices eased a bit.
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Official: Failed WTO talks bad for poor
Jul 3 2006 8:20AM (CT)
GENEVA (AP) - Failure by top trading powers to resolve their differences in global commerce negotiations augurs badly for the world's poor, a top U.N. official said Monday, urging countries to do their utmost to save the troubled Doha round of trade talks.
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Nissan, GM to discuss possible alliance
Jul 3 2006 8:09AM (CT)
TOKYO (AP) - Nissan Motor Co. on Monday approved opening talks with General Motors Corp. over a possible alliance, the Japanese automaker said.
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BP says it expects drop in output
Jul 3 2006 5:25AM (CT)
LONDON (AP) - BP PLC said Monday it expected production in the second quarter to fall by 2.5 percent because of changes to Venezuelan law, and that it is taking an additional $500 million charge related to a refinery disaster in Texas.
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Japanese stocks rise for 3rd day
Jul 3 2006 4:59AM (CT)
TOKYO (AP) - Japanese stocks rose Monday for a third session after a quarterly survey by the Bank of Japan showed that companies are more optimistic about the future.
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China devises rules to invigorate stocks
Jul 3 2006 4:12AM (CT)
SHANGHAI, China (AP) - Just days before China's biggest IPO, stocks rose to a two-year high Monday after the government announced rules allowing investors to borrow from brokerages to buy and sell shares.
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Economy, earnings may bring more unease
Jul 3 2006 3:27AM (CT)
NEW YORK (AP) - Although Wall Street appeared convinced last week that the Federal Reserve might be close to ending its string of interest rate hikes, upcoming data on the economy and corporate earnings could easily give investors another bout of indigestion.
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U.S. companies file Qualcomm complaint
Jul 3 2006 3:15AM (CT)
SEOUL, South Korea (AP) - Two U.S. semiconductor manufacturers have filed a complaint against Qualcomm Inc. alleging it abused its dominant market status in South Korea, the country's antitrust regulator said Monday.
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PCCW board meets to discuss asset sales
Jul 3 2006 12:44AM (CT)
HONG KONG (AP) - The chairman of PCCW Ltd. said the Hong Kong company's board Monday had a "harmonious" discussion about the sale of its telecom and media assets, and he hopes the deal will be done this month.
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