Latest Business News
Economic Figures
Dollar & Gold News
Board of Trade News
Personal Finance
|
|
|
|
|
|
Study raises concern over 'brain drain'
Aug 21 2007 11:50PM (CT)
SAN FRANCISCO (AP) - The percentage of patents filed by foreigners living in the U.S. has tripled in the past decade _ yet the tight cap on permanent visas may force entrepreneurs back home to create rival companies in China, India and elsewhere, according to a study.
|
|
|
Wal-Mart: Melamine traces in dog treats
Aug 21 2007 10:12PM (CT)
LITTLE ROCK, Ark. (AP) - Tests of two Chinese brands of dog treats sold at Wal-Mart stores found traces of melamine, a chemical agent that led to another massive pet food recall in March, a spokeswoman said Tuesday.
|
|
|
Delta names Richard Anderson as CEO
Aug 21 2007 9:22PM (CT)
ATLANTA (AP) - Delta Air Lines Inc. fought hard during bankruptcy to avoid being taken over by another carrier. Less than four months after exiting Chapter 11, it reignited speculation Tuesday about a future merger by naming former Northwest Airlines Corp. CEO Richard Anderson as its next chief executive.
|
|
|
Gas station owners allege price fixing
Aug 21 2007 9:04PM (CT)
SAN FRANCISCO (AP) - Nearly two dozen gas station owners in California sued Shell Oil Co., Chevron Corp. and Saudi Refining Inc., on Tuesday, claiming the companies conspired to fix prices for 23,000 franchise owners nationwide.
|
|
|
Gas station owners allege price fixing
Aug 21 2007 9:04PM (CT)
SAN FRANCISCO (AP) - Nearly two dozen gas station owners in California sued Shell Oil Co., Chevron Corp. and Saudi Refining Inc., on Tuesday, claiming the companies conspired to fix prices for 23,000 franchise owners nationwide.
|
|
|
First Magnus files for bankruptcy
Aug 21 2007 7:13PM (CT)
PHOENIX (AP) - First Magnus Financial Corp. filed for bankruptcy Tuesday, less than a week after the Tucson-based national mortgage lender suspended its operations.
|
|
|
Chrysler debuts next-generation minivans
Aug 21 2007 5:56PM (CT)
WINDSOR, Ontario (AP) - The first of Chrysler's next-generation minivans rolled off an assembly line Tuesday, a critical launch for the automaker as it tries to remain the dominant player in the minivan segment and struggles to return to profitability.
|
|
|
Chrysler debuts next-generation minivans
Aug 21 2007 5:56PM (CT)
WINDSOR, Ontario (AP) - The first of Chrysler's next-generation minivans rolled off an assembly line Tuesday, a critical launch for the automaker as it tries to remain the dominant player in the minivan segment and struggles to return to profitability.
|
|
|
BJ's Wholesale 2Q profit up 37 percent
Aug 21 2007 5:39PM (CT)
BOSTON (AP) - BJ's Wholesale Club Inc. said Tuesday its second-quarter profit rose 37 percent, the first quarterly boost in profits for the nation's No. 3 warehouse club since disappointing results last year toppled its chief executive.
|
|
|
Oil drops below $70 as storm weakens
Aug 21 2007 5:38PM (CT)
NEW YORK (AP) - Crude oil prices dropped below $70 a barrel to an eight-week low Tuesday, after Hurricane Dean weakened and it appeared the storm would have no lasting effect on Mexican oil production.
|
|
|
Tribune shareholders OK $8.2B buyout
Aug 21 2007 5:37PM (CT)
CHICAGO (AP) - Tribune Co. shareholders consented to the $8.2 billion buyout of the media conglomerate on Tuesday, an expected but noteworthy milestone in a drawn-out transaction that still awaits federal approval and billions of dollars in promised financing.
|
|
|
Tribune shareholders OK $8.2B buyout
Aug 21 2007 5:37PM (CT)
CHICAGO (AP) - Tribune Co. shareholders consented to the $8.2 billion buyout of the media conglomerate on Tuesday, an expected but noteworthy milestone in a drawn-out transaction that still awaits federal approval and billions of dollars in promised financing.
|
|
|
Staples 2Q profit up 11 percent
Aug 21 2007 5:37PM (CT)
BOSTON (AP) - Staples Inc. on Tuesday said its second-quarter profit rose 11 percent as lower sales of items such as office furniture were offset by gains at its copy and print centers.
|
|
|
Target, Saks buck weak consumer trend
Aug 21 2007 5:35PM (CT)
MINNEAPOLIS (AP) - Target's profits were as good as analysts expected, and Saks lost less money than expected. These days, that's good news. Investors have been nervously watching for Target's results since last week, when bigger rival Wal-Mart Stores Inc. posted a higher quarterly profit but cut its 2007 earnings forecast because of weak consumer spending.
|
|
|
July foreclosures up 9 percent from June
Aug 21 2007 5:35PM (CT)
LOS ANGELES (AP) - The number of foreclosure filings reported in the U.S. last month jumped 93 percent from July of 2006 and rose 9 percent from June, the latest sign that homeowners are having trouble making payments and finding buyers during the national housing downturn.
|
|
|
July foreclosures up 9 percent from June
Aug 21 2007 5:35PM (CT)
LOS ANGELES (AP) - The number of foreclosure filings reported in the U.S. last month jumped 93 percent from July of 2006 and rose 9 percent from June, the latest sign that homeowners are having trouble making payments and finding buyers during the national housing downturn.
|
|
|
Bush tries to calm skittish investors
Aug 21 2007 5:33PM (CT)
WASHINGTON (AP) - President Bush sought to calm nervous investors Tuesday as the Federal Reserve plowed $3.75 billion into the financial system, the latest efforts to stanch a spreading credit crisis that has unhinged Wall Street.
|
|
|
Paulson seeks to calm jittery investors
Aug 21 2007 5:31PM (CT)
WASHINGTON (AP) - Treasury Secretary Henry Paulson attempted to soothe jittery investors on Tuesday, insisting the United States will safely get through a spreading credit crisis that has unhinged Wall Street.
|
|
|
Agriculture futures up on export demand
Aug 21 2007 2:47PM (CT)
NEW YORK (AP) - Agriculture futures rallied Tuesday after reports of strong export demand for wheat and corn spotlighted the extreme tightness of global grain supplies.
|
|
|
Agriculture futures up on export demand
Aug 21 2007 2:47PM (CT)
NEW YORK (AP) - Agriculture futures rallied Tuesday after reports of strong export demand for wheat and corn spotlighted the extreme tightness of global grain supplies.
|
|
|
Target 2Q profit up 12.6 percent
Aug 21 2007 11:50AM (CT)
MINNEAPOLIS (AP) - Target Corp. said second-quarter earnings rose 12.6 percent and the retailer reaffirmed its full-year guidance on Tuesday.
|
|
|
Treasury bonds rise
Aug 21 2007 11:17AM (CT)
NEW YORK (AP) - Short-dated Treasury bonds surged again Tuesday morning, as investors remained worried about the state of markets and sought a safe place to park their cash.
|
|
|
Treasury bonds rise
Aug 21 2007 11:17AM (CT)
NEW YORK (AP) - Short-dated Treasury bonds surged again Tuesday morning, as investors remained worried about the state of markets and sought a safe place to park their cash.
|
|
|
Europe, Asia and U.S. inject more cash
Aug 21 2007 10:49AM (CT)
FRANKFURT, Germany (AP) - Central banks in Europe, Asia and the U.S. injected more cash into the markets Tuesday as commercial banks clamored for money.
|
|
|
Energy prices waver
Aug 21 2007 9:49AM (CT)
NEW YORK (AP) - With U.S. oil installations spared the damaging winds of Hurricane Dean, energy prices fluctuated Tuesday as traders looked ahead to a weekly report on petroleum inventories and eyed a wobbly stock market.
|
|
|
Stocks down on emerging credit problems
Aug 21 2007 9:24AM (CT)
NEW YORK (AP) - Wall Street moved lower Tuesday as more credit problems emerged, raising investors' anxiety about what the Federal Reserve might do next to steady the markets and the economy.
|
|
|
Saks narrows second-quarter loss
Aug 21 2007 8:50AM (CT)
NEW YORK (AP) - Saks Inc. said Tuesday its second-quarter loss narrowed as same-store sales jumped and the upscale department store-operator expanded its margins on reduced markdowns.
|
|
|
China's central bank boosts rates
Aug 21 2007 6:50AM (CT)
BEIJING (AP) - China's central bank said Tuesday it would raise its benchmark lending and deposit rates to curb inflation.
|
|
|
USDA denies request to delay almond rule
Aug 21 2007 2:54AM (CT)
SAN FRANCISCO (AP) - A new rule requiring all California almonds to be pasteurized will go into effect Sept. 1, despite farmers' requests to postpone the provision for six months, federal agricultural officials said.
|
|
|
Nike wins suit against China shoemakers
Aug 21 2007 1:22AM (CT)
SHANGHAI, China (AP) - Nike Inc. has won lawsuits against two Chinese shoemakers and the local operations of a French supermarket chain over alleged illegal copying of its Air Jordan logo, a court official said Tuesday.
|
|
|
Pemex abandons oil rigs as Dean nears
Aug 21 2007 12:33AM (CT)
MEXICO CITY (AP) - Mexico's state-run Pemex oil company abandoned its offshore oil rigs just ahead of Hurricane Dean, evacuating more than 18,000 workers and shutting down production in its main oil-producing region.
|
|
|
|
|
|