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China's trade surplus up 40 pct. in July
Aug 9 2007 11:53PM (CT)
BEIJING (AP) - China's surging trade surplus in July rose 40 percent from the year-earlier period but fell short of recent record monthly highs, according to figures reported Friday.
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Asian stocks plunge on credit fears
Aug 9 2007 11:40PM (CT)
TOKYO (AP) - Asian stocks plunged Friday as fallout spread across the region from global market turmoil set off by a U.S. mortgage problem. The Bank of Japan joined its U.S. and European counterparts in pouring in cash into money markets to calm growing jitters.
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Asian stocks plunge on credit fears
Aug 9 2007 11:40PM (CT)
TOKYO (AP) - Asian stocks plunged Friday as fallout spread across the region from global market turmoil set off by a U.S. mortgage problem. The Bank of Japan joined its U.S. and European counterparts in pouring in cash into money markets to calm growing jitters.
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Company had record of lead in toys
Aug 9 2007 11:20PM (CT)
CHICAGO (AP) - The toy company that issued a voluntary recall for a Thomas & Friends spinning top this week had a 2002 test report showing the toy contained lead paint, according to a published report.
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Oil prices steady in Asian trading
Aug 9 2007 11:11PM (CT)
SINGAPORE (AP) - Oil prices were nearly flat Friday after falling in the previous session on concerns over the U.S. economy.
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Stocks plummet on subprime lending woes
Aug 9 2007 11:09PM (CT)
NEW YORK (AP) - The realization that weakness in the U.S. housing and credit markets is spreading _ and affecting companies and markets abroad _ sent Wall Street skidding sharply lower once more.
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Stocks plummet on subprime lending woes
Aug 9 2007 11:09PM (CT)
NEW YORK (AP) - The realization that weakness in the U.S. housing and credit markets is spreading _ and affecting companies and markets abroad _ sent Wall Street skidding sharply lower once more.
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Chavez offers refinery aid to Ecuador
Aug 9 2007 10:29PM (CT)
QUITO, Ecuador (AP) - Venezuelan President Hugo Chavez offered Thursday to help Ecuador build a $5 billion oil refinery, as the socialist leader pledged to spread his government's oil wealth to another South American ally.
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Chavez offers refinery aid to Ecuador
Aug 9 2007 10:29PM (CT)
QUITO, Ecuador (AP) - Venezuelan President Hugo Chavez offered Thursday to help Ecuador build a $5 billion oil refinery, as the socialist leader pledged to spread his government's oil wealth to another South American ally.
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More Hispanics are working Utah's mines
Aug 9 2007 10:23PM (CT)
HUNTINGTON, Utah (AP) - The Utah mining accident has illustrated the way increasing numbers of Hispanic immigrants are working the mines in this heavily white, mostly Mormon state.
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More Hispanics are working Utah's mines
Aug 9 2007 10:23PM (CT)
HUNTINGTON, Utah (AP) - The Utah mining accident has illustrated the way increasing numbers of Hispanic immigrants are working the mines in this heavily white, mostly Mormon state.
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More Hispanics are working Utah's mines
Aug 9 2007 10:23PM (CT)
HUNTINGTON, Utah (AP) - The Utah mining accident has illustrated the way increasing numbers of Hispanic immigrants are working the mines in this heavily white, mostly Mormon state.
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Japanese stocks plunge in early trading
Aug 9 2007 10:21PM (CT)
TOKYO (AP) - Japanese shares plunged almost 450 points in morning trade Friday following a sharp fall on Wall Street overnight, sparked by fears about a spreading credit crunch.
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Japanese stocks plunge in early trading
Aug 9 2007 10:21PM (CT)
TOKYO (AP) - Japanese shares plunged almost 450 points in morning trade Friday following a sharp fall on Wall Street overnight, sparked by fears about a spreading credit crunch.
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Retailers report sluggish July sales
Aug 9 2007 9:15PM (CT)
NEW YORK (AP) - The sluggish sales that have dogged the nation's retailers this year are the result of two quite different sets of problems: Consumers are cautious _ they're paying more for gasoline and watching their home values fall. And, the stores just don't seem to have the merchandise that people want to buy.
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Retailers report sluggish July sales
Aug 9 2007 9:15PM (CT)
NEW YORK (AP) - The sluggish sales that have dogged the nation's retailers this year are the result of two quite different sets of problems: Consumers are cautious _ they're paying more for gasoline and watching their home values fall. And, the stores just don't seem to have the merchandise that people want to buy.
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Retailers report sluggish July sales
Aug 9 2007 9:15PM (CT)
NEW YORK (AP) - The sluggish sales that have dogged the nation's retailers this year are the result of two quite different sets of problems: Consumers are cautious _ they're paying more for gasoline and watching their home values fall. And, the stores just don't seem to have the merchandise that people want to buy.
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Retailers report sluggish July sales
Aug 9 2007 9:15PM (CT)
NEW YORK (AP) - The sluggish sales that have dogged the nation's retailers this year are the result of two quite different sets of problems: Consumers are cautious _ they're paying more for gasoline and watching their home values fall. And, the stores just don't seem to have the merchandise that people want to buy.
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AIG reassures investors about subprime
Aug 9 2007 9:03PM (CT)
NEW YORK (AP) - American International Group on Thursday told investors the housing market would have to spiral to Depression-era levels before the insurer would be harmed by its exposure to the residential mortgage market.
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Buick, Lexus tie in dependability study
Aug 9 2007 7:53PM (CT)
DETROIT (AP) - Buick tied with Lexus as the highest-ranking brand in a closely watched study of vehicle dependability, marking the first time in 12 years that Lexus has shared the top award, J.D. Power and Associates said Thursday.
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Buick, Lexus tie in dependability study
Aug 9 2007 7:53PM (CT)
DETROIT (AP) - Buick tied with Lexus as the highest-ranking brand in a closely watched study of vehicle dependability, marking the first time in 12 years that Lexus has shared the top award, J.D. Power and Associates said Thursday.
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China pours money into drug, food safety
Aug 9 2007 6:00PM (CT)
BEIJING (AP) - China's food and drug regulator said Wednesday it would meet regularly with its U.S. counterpart to crack down on counterfeit pharmaceuticals and boost product safety.
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30-year fixed mortgage rates sink
Aug 9 2007 5:45PM (CT)
WASHINGTON (AP) - Rates on 30-year mortgages sank this week to their lowest point in two months, a dose of good news for people thinking about buying a home.
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Vonage subscriber recruitment stalls
Aug 9 2007 5:22PM (CT)
NEW YORK (AP) - Internet telephone company Vonage Holdings Corp. on Thursday reported a much reduced loss for the second quarter as it scaled back marketing, but it also saw a drastic drop in new subscribers.
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BNP Paribas freezes security funds
Aug 9 2007 5:22PM (CT)
PARIS (AP) - A major French bank, BNP Paribas, announced Thursday that it was suspending three of its asset-backed securities funds, saying it could no longer value them accurately because of problems in the U.S. subprime mortgage market.
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BNP Paribas freezes security funds
Aug 9 2007 5:22PM (CT)
PARIS (AP) - A major French bank, BNP Paribas, announced Thursday that it was suspending three of its asset-backed securities funds, saying it could no longer value them accurately because of problems in the U.S. subprime mortgage market.
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Home Depot may lower price of HD Supply
Aug 9 2007 5:20PM (CT)
ATLANTA (AP) - The Home Depot Inc. sent its already battered shares into a tailspin Thursday when it issued a double dose of bad news that it may get less than expected for its wholesale distribution unit and it is lowering how much it will pay to buy back a portion of its stock.
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ECB moves to add liquidity to market
Aug 9 2007 5:14PM (CT)
FRANKFURT, Germany (AP) - The European Central Bank loaned nearly 95 billion euros ($130.81 billion) in overnight funds to banks at a bargain rate of 4 percent on Thursday, putting more cash into a global financial system jolted by the collapse of the U.S. subprime mortgage market.
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Wheeling-Pitt reports $41.6M loss in 2Q
Aug 9 2007 5:11PM (CT)
WHEELING, W.Va. (AP) - The parent company of Wheeling-Pittsburgh Steel Co. lost $41.6 million in the second quarter and its accountants are questioning whether it can continue as a going concern, according to a report filed Thursday with the Securities and Exchange Commission.
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DirecTV 2Q profit slips 2 percent
Aug 9 2007 4:27PM (CT)
LOS ANGELES (AP) - Satellite broadcaster DirecTV Group Inc. said Thursday second-quarter earnings fell 2 percent on a sharp rise in operating costs, although demand for its high-definition services increased.
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DirecTV 2Q profit slips 2 percent
Aug 9 2007 4:27PM (CT)
LOS ANGELES (AP) - Satellite broadcaster DirecTV Group Inc. said Thursday second-quarter earnings fell 2 percent on a sharp rise in operating costs, although demand for its high-definition services increased.
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Wild Oats second-quarter profit drops
Aug 9 2007 3:43PM (CT)
DENVER (AP) - Natural and organic grocer Wild Oats Markets Inc. on Thursday reported a 97 percent drop in second-quarter net income largely due to higher costs and a jump in expenses related to its planned $565 million buyout by rival Whole Foods Inc.
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Commodities fall on credit concerns
Aug 9 2007 12:14PM (CT)
NEW YORK (AP) - Commodities prices suffered broad declines Thursday as concerns over worsening credit conditions prompted some investors to cash in their holdings.
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Commodities fall on credit concerns
Aug 9 2007 12:14PM (CT)
NEW YORK (AP) - Commodities prices suffered broad declines Thursday as concerns over worsening credit conditions prompted some investors to cash in their holdings.
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Dynegy swings to 2Q profit
Aug 9 2007 11:36AM (CT)
HOUSTON (AP) - Dynegy Inc.'s multibillion-dollar purchase earlier this year of new generating capacity paid off for the power producer in the second quarter, as it swung to a profit from a year ago. It said business grew in each of its three U.S. regions.
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Treasuries climb on credit worries
Aug 9 2007 11:13AM (CT)
NEW YORK (AP) - U.S. Treasuries climbed Thursday as worries about the credit market returned to the fore of investor attention, causing a flight to the safety of government paper.
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Importer recalls 255,000 Chinese tires
Aug 9 2007 9:17AM (CT)
NEWARK, N.J. (AP) - A tire importer said Thursday it would recall 255,000 Chinese-made tires it claims were defective because they lack a safety feature that prevents tread separation.
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Nasdaq says Chinese listings growing
Aug 9 2007 6:37AM (CT)
BEIJING (AP) - China could soon become Nasdaq's biggest source of non-U.S. listings, and companies considering joining the market appear undeterred by unease over U.S. subprime mortgage woes, its vice chairman said Thursday.
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Red Cross sued for use of cross emblem
Aug 9 2007 5:18AM (CT)
NEW YORK (AP) - Johnson & Johnson, the health-products giant that uses a red cross as its trademark, sued the American Red Cross on Wednesday, demanding that the charity halt the use of the red cross symbol on products it sells to the public.
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DNA tests ID cows that make special milk
Aug 9 2007 1:03AM (CT)
LINCOLN, Neb. (AP) - Distinguishing one lumbering, black-and-white Holstein cow from another on a dairy near this southeast Nebraska town is like trying to spot the difference between identical twins. But with help from DNA testing on tail hairs plucked from the animals, Prairieland Dairy is the first in the United States to make a distinction it hopes will help it market milk some claim tastes better and is healthier.
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DNA tests ID cows that make special milk
Aug 9 2007 1:03AM (CT)
LINCOLN, Neb. (AP) - Distinguishing one lumbering, black-and-white Holstein cow from another on a dairy near this southeast Nebraska town is like trying to spot the difference between identical twins. But with help from DNA testing on tail hairs plucked from the animals, Prairieland Dairy is the first in the United States to make a distinction it hopes will help it market milk some claim tastes better and is healthier.
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DNA tests ID cows that make special milk
Aug 9 2007 1:03AM (CT)
LINCOLN, Neb. (AP) - Distinguishing one lumbering, black-and-white Holstein cow from another on a dairy near this southeast Nebraska town is like trying to spot the difference between identical twins. But with help from DNA testing on tail hairs plucked from the animals, Prairieland Dairy is the first in the United States to make a distinction it hopes will help it market milk some claim tastes better and is healthier.
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DNA tests ID cows that make special milk
Aug 9 2007 1:03AM (CT)
LINCOLN, Neb. (AP) - Distinguishing one lumbering, black-and-white Holstein cow from another on a dairy near this southeast Nebraska town is like trying to spot the difference between identical twins. But with help from DNA testing on tail hairs plucked from the animals, Prairieland Dairy is the first in the United States to make a distinction it hopes will help it market milk some claim tastes better and is healthier.
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