Latest Business News
Economic Figures
Dollar & Gold News
Board of Trade News
Personal Finance
|
|
|
|
|
|
British Airways back in air after strike
Aug 12 2005 11:36PM (CT)
LONDON (AP) - British Airways began mopping up Friday night, with flights starting to trickle out after a strike by ground crews ended, but it was expected to take days to get thousands of stranded passengers to their final destinations.
|
|
|
Talks between Qwest, union head to wire
Aug 12 2005 6:07PM (CT)
DENVER (AP) - Lisa Bolton remembers being called into work at Qwest Communications International Inc. one day as she headed to church. Sheril Bowman worries about who will care for her child if she stays late. Others miss soccer games, birthdays and anniversaries.
|
|
|
More carriers match domestic fare hikes
Aug 12 2005 5:03PM (CT)
DALLAS (AP) - Higher air fares looked more likely Friday as American Airlines, Northwest Airlines and JetBlue Airways went along with competitors' increases that the companies said were necessary to offset rising fuel prices.
|
|
|
Cardiologist clears Vioxx in man's death
Aug 12 2005 5:01PM (CT)
ANGLETON, Texas (AP) - A cardiologist testifying Friday ruled out Vioxx as the cause of a Texas man's death who took the once-popular painkiller for eight months, citing the lack of evidence of a heart attack or blood clot in the autopsy.
|
|
|
Maytag board recommends Whirlpool bid
Aug 12 2005 4:47PM (CT)
DES MOINES, Iowa (AP) - Maytag Corp. agreed Friday to a half cash, half stock buyout from rival Whirlpool Corp., reversing an earlier recommendation to shareholders to accept a New York investment group's all-cash deal.
|
|
|
Blockbuster to shore up investor support
Aug 12 2005 4:45PM (CT)
DALLAS (AP) - Blockbuster Inc. moved Friday to shore up investor support as the movie-rental chain's stock hovered close to its all-time low on the heels of a disappointing financial report for the April-June quarter.
|
|
|
Sprint, Nextel complete $35 billion merger
Aug 12 2005 4:39PM (CT)
KANSAS CITY, Mo. (AP) - Sprint Corp.'s long awaited takeover of Nextel Communications Corp. was completed Friday, with executives from the wireless leaders now preparing for the unified company's introduction to some 40 million customers.
|
|
|
Red Robin CEO resigns after expenses probe
Aug 12 2005 4:33PM (CT)
DENVER (AP) - The chief executive of Red Robin Gourmet Burgers Inc. has resigned after a company investigation concluded he misused charter airplanes and corporate expense accounts.
|
|
|
Real estate strong despite higher interest
Aug 12 2005 4:22PM (CT)
SAN FRANCISCO (AP) - Rising interest rates are supposed to be an economic sedative, but the hyperactive real estate market has retained its vigor even as the prime lending rate has climbed to a nearly four-year high.
|
|
|
Knight Ridder shares up on stock buy-back
Aug 12 2005 4:13PM (CT)
NEW YORK (AP) - Shares of Knight Ridder Inc. rose Friday after the company said it would buy back 10 million shares of its own stock over the next six to nine months, but the move also led two credit agencies to lower ratings on the newspaper publisher's debt.
|
|
|
LaSorda moves to Chrysler's top job
Aug 12 2005 1:59PM (CT)
DETROIT (AP) - When Chrysler Group's incoming Chief Executive Tom LaSorda visits an auto plant, he wonders if a machine should be moved three feet to the left to save steps. He clocks how much time workers spend in front of vehicles and how many seconds they lose moving between stations. He takes unannounced detours across the plant floor.
|
|
|
China banker gets suspended death sentence
Aug 12 2005 12:58PM (CT)
BEIJING (AP) - A former president of state-owned Bank of China's Hong Kong branch received a suspended death sentence Friday for embezzlement in an apparent effort by Beijing to help restore faith in its scandal-plagued banks as they prepare to sell shares abroad.
|
|
|
ALL BUSINESS: Disney trial produces change
Aug 12 2005 12:23PM (CT)
NEW YORK (AP) - Warning shots are generally loud and jarring, and that's just the effect that months of testimony in the Walt Disney Co. fiduciary responsibility trial has had on the behavior of directors in corporate boardrooms all around.
|
|
|
Report: Exec posing as VW adviser arrrested
Aug 12 2005 11:50AM (CT)
NEW DELHI (AP) - An executive claiming to be an adviser to Volkswagen AG has been charged with allegedly cheating a southern Indian state government of 117 million rupees ($2.4 million) for setting up a VW plant, a news report said Friday.
|
|
|
Drought devastates corn, soybeans may live
Aug 12 2005 10:13AM (CT)
WASHINGTON (AP) - Midwestern corn has suffered irreversible harm from persistent drought, but soybeans still have a chance at solid yields, the Agriculture Department said Friday.
|
|
|
French economy worse than expected in 2Q
Aug 12 2005 10:08AM (CT)
PARIS (AP) - The French economy fared worse than expected in the second quarter of 2005, growing just 0.1 percent, the official statistics agency Insee said Friday.
|
|
|
Top Boeing executive sells $3.8M in stock
Aug 12 2005 10:05AM (CT)
WASHINGTON (AP) - Alan Mulally, head of The Boeing Co.'s commercial airplanes division, sold $3.8 million in company stock last week, about half of his total outright stock holdings.
|
|
|
Birch Telecom files for bankruptcy
Aug 12 2005 9:38AM (CT)
KANSAS CITY, Mo. (AP) - Birch Telecom Inc. and its subsidiaries have filed for Chapter 11 bankruptcy protection, the company said Friday.
|
|
|
Man faces more charges in fraud scheme
Aug 12 2005 9:35AM (CT)
LOS ANGELES (AP) - A Nigerian man who pleaded no contest earlier this year for his role in a fraud ring that stole data from ChoicePoint Inc. has pleaded not guilty to six new charges, authorities said.
|
|
|
Dell shares sink on weak 2Q revenue
Aug 12 2005 9:23AM (CT)
DALLAS (AP) - Dell Inc.'s shares stumbled on Friday after the company reported that low-priced laptops and other bargain systems cramped its second-quarter revenues.
|
|
|
India's industrial quarterly output rises
Aug 12 2005 7:48AM (CT)
NEW DELHI (AP) - India's industrial output grew 10.3 percent in the April-June quarter from the same quarter a year ago, the government said Friday, boosted by increased exports and strong demand from Indian consumers.
|
|
|
Japan's four-day stock rally comes to end
Aug 12 2005 4:46AM (CT)
TOKYO (AP) - Japan's four-day stock rally ended Friday as investors locked in profits after shares rose to a four-year high the previous session. The dollar fell against the yen.
|
|
|
Fed chairman inspires Virginia painter
Aug 12 2005 4:23AM (CT)
RICHMOND, Va. (AP) - An artist looking to make some cash before graduate school is causing a stir with her oil paintings of Alan Greenspan, some bought by fans of the Federal Reserve chairman sight unseen.
|
|
|
Ex-WorldCom CFO gets five years in prison
Aug 12 2005 4:21AM (CT)
NEW YORK (AP) - Former WorldCom finance chief Scott Sullivan was sentenced Thursday to five years in prison by a judge who called him "the architect" of the company's epic fraud _ but gave him a break because he helped convict his onetime boss, CEO Bernard Ebbers.
|
|
|
Japan's economy grew 0.3 pct. April-June
Aug 12 2005 3:15AM (CT)
TOKYO (AP) - Japan's economy grew for the third straight quarter _ yet more evidence of a turnaround in the world's second-largest economy _ as consumers spent more, exports boomed and companies increased capital investment.
|
|
|
U.S. to seek textile deal with China
Aug 12 2005 1:15AM (CT)
WASHINGTON (AP) - The Bush administration, struggling to deal with America's surging trade deficit with China, announced Thursday it would begin negotiations aimed at broad restrictions on imports of Chinese clothing and textiles.
|
|
|
DreamWorks swings to second-quarter loss
Aug 12 2005 1:10AM (CT)
LOS ANGELES (AP) - DreamWorks Animation SKG Inc. swung to a loss in the second quarter, although the results posted Thursday were slightly better than the bleak fiscal picture the studio outlined last month.
|
|
|
HP to buy Scitex Vision for $230 million
Aug 12 2005 12:32AM (CT)
SAN JOSE, Calif. (AP) - Expanding its printing business, Hewlett-Packard Co. said Thursday it will acquire most of the assets of Scitex Vision, a leading maker of wide-format digital printers, for $230 million in cash from Scitex Corp. Ltd.
|
|
|
|
|
|