Latest Business News
Economic Figures
Dollar & Gold News
Board of Trade News
Personal Finance
|
|
|
|
|
|
Japanese stocks rise on lower oil prices
Aug 29 2005 10:32PM (CT)
TOKYO (AP) - Japanese stocks rose Tuesday morning, buoyed by lower oil prices, with steel, shipping and bank shares rallying after sharp declines a day earlier. The dollar was up against the yen and euro.
|
|
|
Hollinger International results delayed
Aug 29 2005 10:04PM (CT)
CHICAGO (AP) - Hollinger International Inc. said Monday the release of its 2004 financial results will be delayed by roughly two weeks and are not expected to be filed until Sept. 15.
|
|
|
Katrina damage may bring $26B in claims
Aug 29 2005 9:34PM (CT)
NEW YORK (AP) - The property and casualty insurance industry, hit hard last year when four separate hurricanes slammed into Florida, now faces as much as $26 billion in claims from Hurricane Katrina's foray into Louisiana and neighboring Gulf Coast states, according to preliminary risk assessments.
|
|
|
Nokia reaches settlement with Telsim
Aug 29 2005 8:48PM (CT)
HELSINKI, Finland (AP) - Nokia Corp. said Monday it had reached a settlement with Telsim over money owed to it by the Turkish network operator.
|
|
|
Abercrombie exec resigns after 15 months
Aug 29 2005 8:30PM (CT)
NEW ALBANY, Ohio (AP) - Abercrombie & Fitch Co. said Monday that President and Chief Operating Officer Robert S. Singer is leaving after only 15 months on the job, due to a difference in approach over the teen retailer's plans for international expansion.
|
|
|
Labor warns of possible Boeing strike
Aug 29 2005 6:50PM (CT)
SEATTLE (AP) - Days before a contract between Boeing Co. and the Machinists union is to expire, labor leaders said the two sides remain far apart and warned of a possible strike.
|
|
|
Cohen to succeed Bahr as CWA president
Aug 29 2005 5:55PM (CT)
CHICAGO (AP) - The Communications Workers of America elected Larry Cohen on Monday to succeed its longtime president Morton Bahr, who led the union for two decades through a turbulent period following the breakup of the AT&T Bell Telephone system.
|
|
|
Refineries in states hit worst by Katrina
Aug 29 2005 5:43PM (CT)
NEW YORK (AP) - The following is a list of the oil refineries in Louisiana, Mississippi and Alabama, the refining states hit worst by Hurricane Katrina on Monday. Facilities with greater than 50,000 barrels-per-day capacity that have shut down or have reduced capacity are denoted by a (1).
|
|
|
Canadian pension fund to buy Doane
Aug 29 2005 5:39PM (CT)
TORONTO (AP) - The investment arm of the Ontario Teachers' Pension Plan announced Monday it plans to buy the largest manufacturer of private label pet food in the United States for about $840 million, the latest in a series of U.S. purchases by one of North America's largest private investors.
|
|
|
Motion to postpone Vioxx trial rejected
Aug 29 2005 5:15PM (CT)
TRENTON, N.J. (AP) - Beleaguered drug maker Merck & Co.'s request to postpone the next trial over its withdrawn painkiller Vioxx was turned down Monday by the New Jersey judge presiding over the case.
|
|
|
Treasurys benefit from storm; gains modest
Aug 29 2005 5:03PM (CT)
NEW YORK (AP) - Prices on U.S. Treasury bonds rose modestly Monday on worries about the economic impact of Hurricane Katrina, but closed off their highs as fears of worst-case scenarios from the storm faded.
|
|
|
Monday's Commodities Roundup
Aug 29 2005 4:33PM (CT)
NEW YORK (AP) - In the wake of Hurricane Katrina's bulls-eye hit on the major oil producing and refining region of the U.S. Gulf, Nymex futures prices surged Monday, but ended well below record overnight highs.
|
|
|
Providian holders to vote on acquisition
Aug 29 2005 4:27PM (CT)
SEATTLE (AP) - Is Washington Mutual Inc.'s plan to acquire Providian Financial Corp. a match made in financial heaven or a raw deal for Providian investors? That's the question Providian's investors will face Wednesday when they are asked to approve the acquisition.
|
|
|
Auto analysts predict Aug. sales slowing
Aug 29 2005 4:19PM (CT)
DETROIT (AP) - Auto industry analysts predict a slowdown in vehicle sales in August, a trend due less to high gas prices than to a summer of heavily publicized discounts that thinned dealer lots and satiated consumers.
|
|
|
Two companies to buy NDCHealth for $1B
Aug 29 2005 4:14PM (CT)
ATLANTA (AP) - NDCHealth Corp., a provider of software for health care claims processing, will be purchased for $1 billion by two other firms, including Alpharetta-based Per-Se Technologies Inc., the companies announced Monday.
|
|
|
Most Japanese reluctant to borrow
Aug 29 2005 4:11PM (CT)
KAMAKURA, Japan (AP) - At a forest shrine lined with incense-burning urns, Japanese pilgrims enter a small cave where they stoop to wash coins and bills in trickling spring water.
|
|
|
EU takes steps to unblock China textiles
Aug 29 2005 3:51PM (CT)
BRUSSELS, Belgium (AP) - The top European Union trade official took steps Monday aimed at releasing the backlog of Chinese textile imports that have been held up by a quota dispute at EU frontiers.
|
|
|
Katrina, rising oil prices hurt airlines
Aug 29 2005 3:45PM (CT)
ATLANTA (AP) - The one-two punch of Hurricane Katrina and oil prices briefly topping $70-a-barrel is giving the beleaguered major airlines just what they don't need as they approach a traditionally slow travel season and a few of them flirt with bankruptcy.
|
|
|
Katrina boosts oil tanker, service cos.
Aug 29 2005 3:36PM (CT)
NEW YORK (AP) - Shares of oil tanker and oil service stocks rose Monday along with oil companies as Hurricane Katrina knocked out production in the Gulf of Mexico, exacerbating already tight supplies.
|
|
|
Coca-Cola eliminating marketing chief job
Aug 29 2005 3:36PM (CT)
ATLANTA (AP) - The Coca-Cola Co., the world's largest beverage maker, said Monday it is eliminating its chief marketing officer position as it continues to restructure senior management roles.
|
|
|
Old Mutual contacts Skandia shareholders
Aug 29 2005 3:31PM (CT)
STOCKHOLM, Sweden (AP) - London-based financial services group Old Mutual plc said Monday it has contacted major shareholders of Swedish insurer Skandia about a possible takeover offer.
|
|
|
8 ex-KPMG execs indicted; firm to pay fine
Aug 29 2005 3:30PM (CT)
NEW YORK (AP) - Eight former executives of KPMG were indicted Monday as the Big Four accounting firm admitted it had set up fraudulent shelters to help rich clients dodge billions of dollars in taxes.
|
|
|
Intelsat to buy PanAmSat for $3.2 billion
Aug 29 2005 3:28PM (CT)
NEW YORK (AP) - Satellite pioneer Intelsat Ltd. said Monday it is acquiring PanAmSat Holding Corp. for $3.2 billion in a deal that would add a top cable TV broadcaster to Intelsat's dominant position as the biggest provider of space-based data and voice communications for governments and businesses.
|
|
|
United Steelworkers to vote on contract
Aug 29 2005 3:06PM (CT)
CHARLESTON, W.Va. (AP) - The United Steelworkers Union on Monday canceled a planned strike against Pechiney Rolled Products and agreed to put a proposed contract to a second vote after Gov. Joe Manchin called an emergency meeting to avert a shutdown of the company's Ravenswood plant.
|
|
|
France to help finance fight on poverty
Aug 29 2005 2:51PM (CT)
PARIS (AP) - France plans to put a tax on airline tickets next year to help finance the global struggle against poverty and diseases that are ravaging the developing world, including AIDS, President Jacques Chirac announced Monday.
|
|
|
Belarus suggests ruble introduction delays
Aug 29 2005 2:40PM (CT)
MINSK, Belarus (AP) - The Russian ruble cannot be introduced in Belarus by Jan. 1, the country's central bank chief said Monday, suggesting further delays were likely in plans to link the former Soviet republics with a single currency.
|
|
|
France, Belgium publish carrier blacklist
Aug 29 2005 1:36PM (CT)
PARIS (AP) - France and Belgium have issued blacklists of airlines prohibited from using their airports, an attempt to allay public fears about flying after a recent series of deadly crashes.
|
|
|
Lousiana natural gas hub reopens
Aug 29 2005 1:18PM (CT)
HOUSTON (AP) - An important natural-gas pipeline hub in Louisiana reopened Monday after closing due to Hurricane Katrina.
|
|
|
NYSE member arrested for alleged threat
Aug 29 2005 12:28PM (CT)
NEW YORK (AP) - A member of the New York Stock Exchange was arrested Monday for allegedly threatening another member who sued to oppose the Big Board's takeover of electronic rival Archipelago Holdings Inc.
|
|
|
Retail gas prices set to hit new highs
Aug 29 2005 10:57AM (CT)
WASHINGTON (AP) - Retail gasoline prices are poised to jump to new highs this week as Hurricane Katrina barreled toward the heart of U.S. oil production and refining operations in the Gulf of Mexico on Monday, sending crude-oil futures briefly above $70 a barrel for the first time.
|
|
|
OPEC president to propose production hike
Aug 29 2005 10:35AM (CT)
KUWAIT CITY (AP) - The president of OPEC said Monday he will propose that the group of oil producing states increase its production by 500,000 barrels a day next month.
|
|
|
Oil prices surge above $70 a barrel
Aug 29 2005 8:28AM (CT)
VIENNA, Austria (AP) - Crude oil futures briefly surged past $70 a barrel for the first time Monday as Hurricane Katrina barreled toward the heart of U.S. oil and refinery operations in the Gulf of Mexico, shutting down an estimated 1 million barrels of refining capacity.
|
|
|
UAW approves new contract with Mitsubishi
Aug 29 2005 8:15AM (CT)
NORMAL, Ill. (AP) - United Auto Workers Local 2488 has approved a 31-month contract with Mitsubishi Motors North America, union officials said.
|
|
|
China official: no more plans for yuan
Aug 29 2005 8:04AM (CT)
SHANGHAI, China (AP) - The central bank does not plan more abrupt changes in the yuan's value, a senior People's Bank of China official said, squelching speculation over further currency revaluations ahead of a meeting of top international finance officials later this week in China.
|
|
|
Survey: German consumer sentiment on rise
Aug 29 2005 7:29AM (CT)
BERLIN (AP) - A key index of German consumer optimism rose just three weeks before Sept. 18 national elections, even as gasoline prices hit record highs and a possible hike in the value-added tax loomed, a German market-research group said Monday.
|
|
|
Record gas prices could keep climbing
Aug 29 2005 5:58AM (CT)
LOS ANGELES (AP) - Retail gas prices hit yet another record high over the past two weeks and could go even higher before the traditional post-Labor Day driving decline ends demands pressure, according to a nationwide survey.
|
|
|
China Southern Airlines reports net loss
Aug 29 2005 4:31AM (CT)
HONG KONG (AP) - China Southern Airlines Co., one of the country's biggest carriers, on Monday reported a net loss of 907 million yuan, or $112 million, in the first half of 2005 as higher fuel prices and increased domestic competition cut into earnings.
|
|
|
Workers at Kia Motors join partial strike
Aug 29 2005 4:29AM (CT)
SEOUL, South Korea (AP) - Assembly lines at South Korea's two biggest automakers partially shut down Monday as workers at Kia Motors Corp. joined colleagues at Hyundai Motor Co. who walked out last week seeking higher wages.
|
|
|
Workers disappearing from hay fields
Aug 29 2005 2:53AM (CT)
OKLAHOMA CITY (AP) - Summer used to be the season for country boys across the United States to bale hay into 50-pound blocks, stack them on a trailer and haul them to the barn for use as cattle feed.
|
|
|
Sinopec says profit rises 17 percent
Aug 29 2005 12:04AM (CT)
HONG KONG (AP) - Asia's largest oil and gas refiner by capacity, China Petroleum & Chemical Corp. _ or Sinopec _ said Monday its net profit for the first half of 2005 surged 17 percent, lifted by high oil prices and strong domestic demand from China's booming economy.
|
|
|
|
|
|