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Japan's unemployment rate falls
Aug 28 2006 10:20PM (CT)
TOKYO (AP) - Japan's unemployment rate fell to 4.1 percent in July, from 4.2 percent the month before, the government said Tuesday, suggesting the labor market is improving further.
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Japan stocks rise on bargain hunting
Aug 28 2006 10:15PM (CT)
TOKYO (AP) - Japanese stocks rose Tuesday morning on bargain hunting after four straight sessions of losses. The dollar was lower against the yen and euro.
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Journal Register to seek sale of papers
Aug 28 2006 10:08PM (CT)
PHILADELPHIA (AP) - Newspaper publisher Journal Register Co. said Monday that it is exploring the sale of 26 Massachusetts and Rhode Island publications due to slower growth and because it wants to focus on its more profitable online ventures.
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Brinker sets common share buyback plan
Aug 28 2006 10:08PM (CT)
DALLAS (AP) - Brinker International Inc., which franchises and operates several restaurant chains including Chili's, said Monday its board has authorized up to $450 million to repurchase up to 11.7 million shares of its common stock.
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Major Peru gold mine suspends production
Aug 28 2006 10:06PM (CT)
LIMA, Peru (AP) - The chief of Latin America's largest gold mine said production was halted Monday in northern Peru because roadblocks by protesting farmers had made operations impossible.
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BP CEO ordered to testify
Aug 28 2006 9:58PM (CT)
GALVESTON, Texas (AP) - A Texas judge has ordered BP PLC's chief executive to give a deposition related to the explosion that killed 15 people last year at the company's Texas City refinery, a plaintiff attorney said Monday.
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Western Refining to buy Giant Industries
Aug 28 2006 6:18PM (CT)
EL PASO, Texas (AP) - Western Refining Inc. said Monday it is buying Giant Industries Inc. for $1.23 billion in cash, creating the fourth-largest publicly traded independent oil refiner in the United States.
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La-Z-Boy aims to return to profitability
Aug 28 2006 5:43PM (CT)
MONROE, Mich. (AP) - Sales are down and industry outlooks are bleak, but La-Z-Boy Inc. executives say they're not going to take it lying down. The furniture maker is drastically restructuring in an effort to return the brand to profitability and convince shoppers it makes more than clunky recliners.
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Head of Bolivia state oil company quits
Aug 28 2006 5:24PM (CT)
LA PAZ, Bolivia (AP) - The president of Bolivia's state oil company resigned on Monday following accusations he violated the government's oil nationalization decree.
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U.S. Treasury bond prices end unchanged
Aug 28 2006 5:06PM (CT)
NEW YORK (AP) - Prices for U.S. Treasury bonds ended Monday virtually unchanged as investors braced for new bond issues and a string of top-tier economic news this week.
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Gold drops on falling energy prices
Aug 28 2006 4:49PM (CT)
NEW YORK (AP) - Gold prices fell Monday, pulled down by dropping energy prices as an Atlantic storm no longer appeared to threaten Gulf coast refineries.
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Oil prices decline by almost $2 a barrel
Aug 28 2006 4:35PM (CT)
WASHINGTON (AP) - Oil prices pulled back by almost $2 a barrel Monday as concerns eased about Tropical Storm Ernesto's threat to Gulf of Mexico energy production.
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Prudential unit to pay $600M in fines
Aug 28 2006 4:31PM (CT)
WASHINGTON (AP) - Prudential's brokerage subsidiary agreed Monday to pay $600 million in fines and restitution for deceptive market timing in trading mutual fund shares for wealthy clients.
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Kinder Morgan board OKs buyout offer
Aug 28 2006 4:10PM (CT)
HOUSTON (AP) - Kinder Morgan Inc. said Monday its board of directors approved a $15 billion buyout plan from the pipeline operator's management to take the company private at a higher per-share price than announced three months ago. The company's shares soared to a new 52-week high.
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Interest rates on Treasury bills decline
Aug 28 2006 3:39PM (CT)
WASHINGTON (AP) - Interest rates on short-term Treasury bills fell in Monday's auction, with the six-month bill dropping to the lowest level since mid-June.
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Brown-Forman to buy tequila maker assets
Aug 28 2006 3:38PM (CT)
NEW YORK (AP) - Brown-Forman Corp., which makes Jack Daniel's, Southern Comfort and other liquor and wine brands, said Monday it agreed to acquire assets of the Mexican tequila company Grupo Industrial Herradura SA de CV for $876 million.
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Dollar falls against major currencies
Aug 28 2006 3:19PM (CT)
NEW YORK (AP) - The dollar fell against most major currencies Monday as the markets await the minutes from the Federal Reserve's last monetary policy meeting.
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Bankruptcy filings drop in third quarter
Aug 28 2006 2:44PM (CT)
WASHINGTON (AP) - Bankruptcy filings fell about 67 percent in the third quarter and more than 9 percent in the last year, according to data released Monday by the Administrative Office of the U.S. Courts.
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Banca Intesa, Sanpaolo IMI shares slide
Aug 28 2006 1:12PM (CT)
MILAN, Italy (AP) - Shares in Banca Intesa SPA and Sanpaolo IMI SPA fell Monday following the weekend announcement that Italy's No. 2 and No. 3 banks will merge, a move expected to usher in an era of consolidation of Italy's banking sector.
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Study says farmers deep in medical debt
Aug 28 2006 1:05PM (CT)
WICHITA, Kan. (AP) - Kansas farm families are carrying heavy loads of medical debt, even though most of them are covered by some health insurance, a new study shows.
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Aer Lingus plans first public stock sale
Aug 28 2006 10:48AM (CT)
DUBLIN, Ireland (AP) - Aer Lingus Group PLC expects to raise more than $500 million by selling stock for the first time in a public offering next month, the government and directors of the state-owned airline announced Monday.
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Applebee's names new CEO
Aug 28 2006 9:25AM (CT)
OVERLAND PARK, Kan. (AP) - Casual dining chain Applebee's International Inc. has officially named Dave Goebel as the company's new chief executive officer.
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DuPont changing pension plan
Aug 28 2006 9:15AM (CT)
WILMINGTON, Del. (AP) - DuPont, the third-largest U.S. chemical maker, said Monday it will change its primary U.S. defined-benefit pension plan, along with its savings plan, effective January 2008.
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Mylan Labs buys stake in ingedient maker
Aug 28 2006 8:14AM (CT)
NEW DELHI (AP) - U.S. drugmaker Mylan Laboratories Inc. has agreed to buy a stake of up to 71.5 percent in India's drug ingredients maker Matrix Laboratories Ltd. for $736 million, the companies said Monday.
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Boeing gets firm order from Air Sahara
Aug 28 2006 8:11AM (CT)
NEW DELHI (AP) - Boeing Co. has won a firm order for 10 jets from India's Air Sahara, a company official said Monday, as the U.S. aircraft maker nearly doubled its forecast for India's airplane demand amid brisk economic growth and a boom in air travel.
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Google, eBay form advertising alliance
Aug 28 2006 8:01AM (CT)
SAN FRANCISCO (AP) - In a deal between two of the Internet's most prominent properties, Google Inc. will begin selling advertising on Web auction leader eBay and help buyers quickly ring an online merchant to do business.
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Unilever sells some Europe frozen brands
Aug 28 2006 6:59AM (CT)
AMSTERDAM, Netherlands (AP) - Consumer products maker Unilever NV/PLC said Monday it has reached a deal to sell the bulk of its European frozen foods businesses, including the Iglo and Birds Eye brands, to private equity investor Permira Advisors LLP for 1.73 billion euros, or about $2.21 billion.
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U.S. envoy presses China on WTO talks
Aug 28 2006 5:44AM (CT)
BEIJING (AP) - The U.S. trade envoy pressed China's commerce minister on Monday for Beijing's help in reviving faltering global trade talks, an American spokesman said.
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Study: Heavy medical debt among farmers
Aug 28 2006 5:24AM (CT)
WICHITA, Kan. (AP) - Kansas farm families are carrying heavy loads of medical debt, even though most of them are covered by some health insurance, a new study shows.
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Kazakh firm aims to supply Japan uranium
Aug 28 2006 4:38AM (CT)
ALMATY, Kazakhstan (AP) - Kazakhstan aims to dramatically increase uranium exports to Japan in the coming years, providing up to a quarter of the country's needs, a senior official of the national atomic energy company said Monday.
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Sinopec Corp. say 1H net profit up
Aug 28 2006 4:36AM (CT)
SHANGHAI, China (AP) - Hamstrung by government price caps that prevent it from passing soaring crude oil prices on to consumers, China Petroleum & Chemical Corp., Asia's largest refiner by capacity, said Monday its first-half net profit climbed 8.9 percent from a year earlier.
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Crash a blow for struggling Comair
Aug 28 2006 12:01AM (CT)
ERLANGER, Ky. (AP) - The fatal crash of a Comair regional jet Sunday morning dealt an emotional blow to a commuter airline trying to emerge from bankruptcy.
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