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No consensus on U.S. stock valuation
Jul 9 2005 9:36PM (CT)
NEW YORK (AP) - Are stock prices too high, too low, or right where they should be? In the sometimes quarrelsome confines of Wall Street, there's no consensus.
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South Korea labor campaign loses intensity
Jul 9 2005 7:20PM (CT)
SEOUL, South Korea (AP) - Airline pilots went on a brief strike and haven't ruled out a bigger one. Medical workers threatened a walkout but called it off. Angry laborers have gathered at noisy union rallies, criticizing the government and clamoring for justice.
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Report: Volkswagen CEO acknowledges abuses
Jul 9 2005 2:02PM (CT)
BERLIN (AP) - Abuses by officials at Volkswagen AG may have cost the firm hundreds of thousands of euros (dollars), its chief executive said in comments published Saturday, broadening a scandal that has seen several executives stand down.
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Trump trying to buy land he already owns
Jul 9 2005 5:48AM (CT)
CAMDEN, N.J. (AP) - The Donald upped the ante Friday on his latest deal: trying to buy an Atlantic City property one of his companies already owns. Earlier this year, when the publicly held company now known as Trump Entertainment Resorts Inc., was entering bankruptcy, some shareholders objected, saying the deal was good for Chairman Donald Trump and bad for them.
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Oil prices slip below $60 per barrel
Jul 9 2005 5:46AM (CT)
WASHINGTON (AP) - Oil prices fell below $60 a barrel on Friday, reversing course late in the day as traders booked profits following a runup predicated on the fear of hurricane-related supply disruptions.
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Economists: Britain can absorb attack
Jul 9 2005 5:43AM (CT)
LONDON (AP) - Britain's economy is resilient enough to absorb the shock of a terrorist attack on its transportation system, economists said, a sentiment seen Friday as markets throughout Europe shrugged off much of their losses from a day earlier.
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Disney, disgruntled directors reach truce
Jul 9 2005 5:40AM (CT)
LOS ANGELES (AP) - The Walt Disney Co. and two ex-directors who waged a bitter two-year fight have agreed to a truce, including dropping a contentious shareholder lawsuit challenging the selection of the company's new chief executive. The company said Friday it has named former director Roy E. Disney as a director emeritus and a consultant.
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Tourists give hope to London businesses
Jul 9 2005 5:39AM (CT)
LONDON (AP) - Tourists braved initial fears to visit London's greatest attractions Friday, using the subway system a day after deadly terrorist blasts tore through the city's transport system and giving hope to businesses that the financial ill-effects would be short-lived.
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Mitsubishi Heavy bids to buy Westinghouse
Jul 9 2005 12:55AM (CT)
TOKYO (AP) - Mitsubishi Heavy Industries is bidding to buy Westinghouse of the United States, four decades after the Japanese machinery maker got its start in the energy business with Westinghouse technology, news reports said Saturday.
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