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Latest Business News Archives for July 31, 2005

Japan imposes 15 pct. levies on U.S. steel
Jul 31 2005 11:50PM (CT)
TOKYO (AP) - Japan will slap 15 percent levies on U.S. steel imports starting Sept. 1 in retaliation for American steel industry protection measures, the trade ministry said Monday, turning up the heat on a long-festering dispute between the world's two largest economies.
 
Oil prices briefly rise above $61 a barrel
Jul 31 2005 11:47PM (CT)
SINGAPORE (AP) - Crude oil futures briefly rose above $61 a barrel Monday after Iran threatened to restart its nuclear enrichment program, sparking concerns that tension between Tehran and Western nations could disrupt oil supplies from OPEC's second's largest exporter.
 
Japan stocks extend gains on upbeat data
Jul 31 2005 11:45PM (CT)
TOKYO (AP) - Japanese stocks rose Monday after finishing at their highest levels in four-and-a-half months last week on a string of upbeat corporate earnings and news that the country's jobless rate fell to a seven-year low. The dollar gained versus the yen.
 
Low-carb pioneer Atkins files Chapter 11
Jul 31 2005 8:21PM (CT)
NEW YORK (AP) - Atkins Nutritionals Inc., the company that promoted low-carb eating into a national diet craze, filed for bankruptcy court protection Sunday, a company spokesman said.
 
Wall Street hopes new data will fuel rally
Jul 31 2005 7:37PM (CT)
NEW YORK (AP) - Wall Street's predictions of a summer rally were borne out in July, with stocks enjoying surprising gains thanks to good economic data and a solid earnings performance from corporate America. But as Friday's losses illustrated, investors may be wondering whether stocks are due for a downturn.
 
Workers prepare for life after AFL-CIO
Jul 31 2005 7:37PM (CT)
CHICAGO (AP) - Wren Bradley loves her union, but she said her "other heart" is committed to her local labor council _ which she'll be forced to leave because of a massive schism in the AFL-CIO.
 
Low-carb pioneer Atkins files Chapter 11
Jul 31 2005 7:17PM (CT)
NEW YORK (AP) - Atkins Nutritionals Inc., the company that promoted low-carb eating into a national diet craze, filed for bankruptcy court protection Sunday, a company spokesman said.
 
Venezuela's Chavez calls CAFTA 'perverse'
Jul 31 2005 7:02PM (CT)
CARACAS, Venezuela (AP) - Venezuelan President Hugo Chavez criticized a trade agreement that eliminates barriers between the United States and Central American countries, saying Sunday it is a misguided deal that will harm the region's small economies.
 
Former ECB chief Duisenberg found dead
Jul 31 2005 6:01PM (CT)
PARIS (AP) - Wim Duisenberg, the former European Central Bank chief who helped create the euro currency, was found dead Sunday in his swimming pool in southeastern France, officials said. He was 70.
 
Pop-up ad pioneer now shunning practice
Jul 31 2005 1:54PM (CT)
NEW YORK (AP) - A pioneer of software that tailors pop-up ads to Internet users' browsing habits is beginning to shun a practice that has invited much derision and plenty of lawsuits. A new service Claria Corp. is launching this month will still deliver advertising to the computer desktops of Web surfers. Only this time, they won't be annoying pop-ups.
 
Women gaining among utility regulators
Jul 31 2005 1:52PM (CT)
LANSING, Mich. (AP) - A 1965 brochure for a new program at Michigan State University to educate U.S. utility regulators advertised the courses for "top industry men." Forty years later, the school's Institute of Public Utilities is run by a woman.
 
Economist blames aid for Africa famine
Jul 31 2005 4:12AM (CT)
DAKAR, Senegal (AP) - In Niger, a desert country twice the size of Texas, most of the 11 million people live on a dollar a day. Forty percent of children are underfed, and one out of four dies before turning 5. And that's when things are normal. Throw in a plague of locusts, and a familiar spectacle emerges: skeletal babies, distended bellies, people too famished to brush the flies from their faces.
 
   

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