Latest Business News
Economic Figures
Dollar & Gold News
Board of Trade News
Personal Finance
|
|
|
|
|
|
BP to keep one side of Prudhoe Bay open
Aug 11 2006 10:50PM (CT)
ANCHORAGE, Alaska (AP) - BP PLC said Friday it would keep one side of the nation's largest oil field open as it replaces 16 miles of pipeline, averting a total shutdown that could have put a larger crimp in the nation's oil supply.
|
|
|
Petrobras 2Q net profit jumps 41 percent
Aug 11 2006 5:59PM (CT)
SAO PAULO, Brazil (AP) - Brazil's state-owned oil company said Friday that its second-quarter net profit jumped 41 percent on soaring international petroleum prices and rising domestic demand in Latin America's largest nation.
|
|
|
Former Wal-Mart exec sentenced for theft
Aug 11 2006 5:06PM (CT)
FORT SMITH, Ark. (AP) - A former No. 2 Wal-Mart executive who began his career as the company's theft prevention chief was sentenced Friday to 27 months in home detention after pleading guilty to stealing money, merchandise and gift cards from the retailer.
|
|
|
Northwest attendants to postpone strike
Aug 11 2006 4:39PM (CT)
MINNEAPOLIS (AP) - Flight attendants at Northwest Airlines Corp. said they will delay a threatened strike by 10 days because of security concerns stemming from the foiled terrorist plot in London, and a shareholder dropped his suit against executives at the company.
|
|
|
Retail sales data sends bond prices down
Aug 11 2006 4:16PM (CT)
NEW YORK (AP) - Treasury bonds fell Friday, hurt by strong July retail sales data that suggested the economy isn't as weak as some investors thought it was.
|
|
|
CVRD to offer $15.3 billion for Inco
Aug 11 2006 3:37PM (CT)
SAO PAULO, Brazil (AP) - Brazil's CVRD, the world's largest iron ore miner, said Friday it will offer 17.2 billion Canadian dollars ($15.3 billion) plus debt assumption for Toronto-based miner Inco Ltd. in an attempt to become the planet's largest nickel producer.
|
|
|
Airline shares drop on higher oil prices
Aug 11 2006 3:32PM (CT)
ATLANTA (AP) - Shares in several major U.S. airlines slid further Friday, a day after British officials said they foiled a plot to blow up planes crossing the Atlantic. But the latest slide may have more to do with higher oil prices than with the terror threat itself.
|
|
|
Dollar rises against major currencies
Aug 11 2006 3:24PM (CT)
NEW YORK (AP) - The dollar rose against most major currencies Friday after a retail sales report came in above expectations and investors continued to seek safety in the U.S. currency.
|
|
|
Oil prices rise on market re-evaluation
Aug 11 2006 3:07PM (CT)
NEW YORK (AP) - Crude-oil prices rose slightly Friday after dropping more than $2 a barrel a day earlier, as markets re-evaluated how the thwarted trans-Atlantic airplane attacks might dampen jet fuel demand and consumer confidence.
|
|
|
Economists watch for terror plot impact
Aug 11 2006 2:58PM (CT)
WASHINGTON (AP) - Failure of the plot to blow up U.S.-bound planes saved the weakening economy from a major jolt. Now economists are keeping close tabs on consumers and businesses for lingering fears.
|
|
|
Resorts owner agrees to $1.8B buyout
Aug 11 2006 1:47PM (CT)
NEW YORK (AP) - The owner of the Mammoth, Stratton and Whistler ski resorts has agreed to be acquired by private equity firm Fortress Investment Group LLC for about $1.81 billion cash.
|
|
|
Former Coke staffer wants own trial
Aug 11 2006 1:31PM (CT)
ATLANTA (AP) - A lawyer for a former Coca-Cola secretary charged with stealing trade secrets from the world's largest beverage maker and offering to sell them to rival Pepsi wants her client tried separately from two co-defendants.
|
|
|
Israeli lifestyle companies pop up in US
Aug 11 2006 1:12PM (CT)
NEW YORK (AP) - Yariv Shefa, an Israeli, developed a taste for espresso drinks while working as a mover in New York in the early 90s. When he returned to his native country 13 years ago, he ignored warnings that Israelis would never buy coffee to go, and opened a small cafe seating 20 in Jerusalem.
|
|
|
Alaska lawmakers pass new oil tax bill
Aug 11 2006 12:27PM (CT)
JUNEAU, Alaska (AP) - The Alaska Legislature has passed the state's biggest oil and gas tax law rewrite in decades as a way to spur development of Alaska's natural gas reserves.
|
|
|
Airline and travel company shares rally
Aug 11 2006 9:58AM (CT)
LONDON (AP) - Shares in airlines and travel companies rallied Friday, appearing to confirm analysts' expectations that the economic impact of the discovery of a terrorist plot aimed at trans-Atlantic flights would be short-lived.
|
|
|
BetOnSports shuts U.S.-focused business
Aug 11 2006 8:29AM (CT)
LONDON (AP) - BetOnSports PLC, the British-based Internet gambling company that has been charged with fraud and racketeering in the United States, said Friday it will shut down its services for American gamblers.
|
|
|
Japanese stocks fall; dollar up vs. yen
Aug 11 2006 8:08AM (CT)
TOKYO (AP) - Japanese stocks declined Friday following news that the nation's economy expanded at a weaker-than-expected pace in the April-June quarter. The U.S. dollar was higher against the yen.
|
|
|
Gains seen in US-South Korea trade talks
Aug 11 2006 7:27AM (CT)
SEOUL, South Korea (AP) - South Korea and the United States reported an apparent breakthrough in free-trade talks Friday after bickering over pharmaceuticals cut short negotiations last month.
|
|
|
ThyssenKrupp profit jumps 84 percent
Aug 11 2006 7:14AM (CT)
BERLIN (AP) - German industrial conglomerate ThyssenKrupp AG reported an 84 percent jump in third-quarter net profit Friday as strong demand for its products, particularly steel, outweighed higher costs for raw materials.
|
|
|
Travelers face disruption at UK airports
Aug 11 2006 6:53AM (CT)
LONDON (AP) - Britain's flight schedules slowly returned to normal Friday, a day after fears of a major terrorist plot to blow up U.S.-bound planes caused massive disruptions.
|
|
|
Consumer confidence hits 3-month low
Aug 11 2006 6:13AM (CT)
WASHINGTON (AP) - Consumer confidence slid to a three-month low as people fretted about the direction of the economy and their own balance sheets in the months ahead.
|
|
|
GM CEO: Delphi union talks progressing
Aug 11 2006 6:10AM (CT)
TRAVERSE CITY, Mich. (AP) - General Motors Corp.'s top executive predicted Thursday that complex negotiations with parts supplier Delphi and its labor unions eventually will lead to a settlement on wage and benefit reductions.
|
|
|
Organizing day laborers a challenge
Aug 11 2006 5:07AM (CT)
LOS ANGELES (AP) - Unions are increasingly courting immigrant day laborers in hopes of reversing a longtime decline in membership and clout. But labor experts say organizing a work force that is mobile and largely undocumented presents enormous logistical challenges and risks of alienating rank-and-file members.
|
|
|
Kansas farmers try to salvage corn crops
Aug 11 2006 4:56AM (CT)
WICHITA, Kan. (AP) - Farmer Steve Baccus plans to cut most of his dryland corn for silage, trying to salvage what he can as triple-digit temperatures and drought decimate corn fields across the state.
|
|
|
Feds order BP to do more pipeline tests
Aug 11 2006 2:54AM (CT)
PRUDHOE BAY, Alaska (AP) - Federal regulators ordered BP PLC to conduct more rigorous tests of oil pipelines Thursday as the company said it might keep nearly half of the nation's largest oil field open despite leaks and severe corrosion.
|
|
|
Experts: Foiled plot won't stop airlines
Aug 11 2006 1:53AM (CT)
ATLANTA (AP) - The ink barely dry on second-quarter results showing fuller planes and profits some hadn't seen in years, airlines are again being tested _ this time by a foiled terror plot that is sure to make passengers uneasy about flying.
|
|
|
|
|
|