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Health care costs dragging
Jul 17 2005 11:43PM (CT)
NEW YORK (AP) - Employees are facing a double whammy when it comes to health care costs: Many companies are likely to ask workers to pay more for their insurance while rising health care costs means companies may dole out lower raises.
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Google investors bet on e-commerce startup
Jul 17 2005 11:14PM (CT)
SAN FRANCISCO (AP) - Already rich from their prescient investments in breakthrough companies like online search engine leader Google Inc., renowned venture capitalists John Doerr and Ram Shriram think they have discovered their next gold mine.
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Crude oil futures open week higher
Jul 17 2005 10:22PM (CT)
SINGAPORE (AP) - Crude oil futures opened the week higher Monday as oil companies in Mexico's Yutacan peninsula evacuated workers and began to brace for Hurricane Emily's onslaught as it howled its way towards key oilfields that supply the United States.
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Whirlpool offers to buy Maytag for $2.3B
Jul 17 2005 10:20PM (CT)
BENTON HARBOR, Mich. (AP) - Whirlpool Corp. announced Sunday an offer to acquire fellow appliance maker Maytag Corp. for $1.37 billion in cash and stock, topping an earlier offer that Maytag accepted from an investment group.
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Study says ethanol not worth the energy
Jul 17 2005 9:27PM (CT)
ALBANY, N.Y. (AP) - Farmers, businesses and state officials are investing millions of dollars in ethanol and biofuel plants as renewable energy sources, but a new study says the alternative fuels burn more energy than they produce.
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Good economic news may not boost stocks
Jul 17 2005 8:07PM (CT)
NEW YORK (AP) - Companies are more productive and more people have jobs. Corporate earnings growth is strong. And while oil prices remain near historic highs, the economy is showing great resilience. Even inflation is a non-issue. But don't expect a huge surge in stocks.
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Audi A6, Infiniti M35 shine in crash test
Jul 17 2005 8:02PM (CT)
WASHINGTON (AP) - Two large luxury automobiles received top ratings in frontal and side impact crash tests released by the insurance industry on Sunday.
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Gas prices aren't deterring vacationers
Jul 17 2005 8:02PM (CT)
WASHINGTON (AP) - Vacationers coping with surging energy prices this summer could take shorter trips or pass up that extra souvenir or fancy dinner. But most people do not seem to be cutting back dramatically on their spending or skipping holiday travel altogether.
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Mylan expects to buy 19 pct. of shares
Jul 17 2005 5:12PM (CT)
CANONSBURG, Pa. (AP) - Mylan Laboratories Inc. expects to buy nearly 51.3 million shares of its common stock, or about 19 percent of the shares outstanding, the generic drug maker said Sunday.
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Automakers, Canadian union set for talks
Jul 17 2005 4:35PM (CT)
DETROIT (AP) - Under a cloud of falling U.S. market share and weakening profits, Detroit's Big Three automakers are set to begin contract talks this week with a defiant Canadian Auto Workers union, which has warned that the carmakers' problems won't keep it from fighting for better benefits.
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Infineon COO resigns amid police probe
Jul 17 2005 4:32PM (CT)
MUNICH, Germany (AP) - German semiconductor maker Infineon Technologies AG said Sunday that its chief operating officer has resigned amid an investigation of corruption, fraud and tax evasion allegations.
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Korean air carrier's pilots walk off job
Jul 17 2005 2:54PM (CT)
SEOUL, South Korea (AP) - Unionized pilots at Asiana Airlines, South Korea's second-largest carrier, walked off the job Sunday for the second time in less than two weeks. The airline canceled one domestic flight but said disruptions may increase dramatically as it tries to maintain its profitable international routes.
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U.S. uses law to nab British businessmen
Jul 17 2005 1:16PM (CT)
LONDON (AP) - When Britain signed a treaty with the United States in 2003 that drastically reduced the evidence required from U.S. officials seeking to extradite suspected felons, the British government said it was all about speeding up the process of bringing terrorists to justice.
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Web sites new twist in celebrity drug ads
Jul 17 2005 12:18PM (CT)
TRENTON, N.J. (AP) - Like millions of women going through menopause, actress Cheryl Ladd quit taking hormone pills after research showed risks of breast cancer, stroke and heart attack.
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