Latest Business News
Economic Figures
Dollar & Gold News
Board of Trade News
Personal Finance
|
|
|
|
|
|
Holiday travel slows as gas prices level
Sep 5 2005 10:06PM (CT)
NEW YORK (AP) - Labor Day traffic slowed around the country as drivers lucky to find gas stations open paid over 30 percent more than before Hurricane Katrina disrupted Gulf Coast refinery and pipeline operations a week ago.
|
|
|
Japanese stocks surge; Dollar steady
Sep 5 2005 9:58PM (CT)
TOKYO (AP) - Japanese stocks rose Tuesday to their highest level in four years as traders bought technology and steel issues on continued optimism about the nation's recovery and weekend elections. The dollar was little changed against the yen and up versus the euro.
|
|
|
Venezuela troops told to seize Heinz plant
Sep 5 2005 9:28PM (CT)
CARACAS, Venezuela (AP) - A state governor allied to leftist President Hugo Chavez has ordered Venezuelan troops to seize an abandoned tomato-processing plant owned by the H.J. Heinz Co., a state official said Monday.
|
|
|
Japan plans to release oil from stockpile
Sep 5 2005 9:19PM (CT)
TOKYO (AP) - The Japanese government Tuesday unveiled plans to release some of its strategic oil reserves held by refiners to the oil market.
|
|
|
Utilities making progress restoring power
Sep 5 2005 8:33PM (CT)
JACKSON, Miss. (AP) - Three utility companies that experience widespread Hurricane Katrina power outages reported progress Monday in restoring service to customers. But more than 800,000 customers still were without power, one week after Hurricane Katrina struck.
|
|
|
Housing slowdown could spell trouble
Sep 5 2005 8:11PM (CT)
WASHINGTON (AP) - The nation's red-hot housing market may finally be nearing its peak, meaning the end of double-digit annual percentage price gains for homeowners and potential trouble for more recent purchasers who stretched to buy.
|
|
|
Deal to let Chinese garments into Europe
Sep 5 2005 8:10PM (CT)
BEIJING (AP) - European and Chinese negotiators reached a deal Monday to unblock millions of Chinese garments held up at European ports, and China's trade minister said he hoped for an early settlement to a similar dispute with Washington.
|
|
|
Holiday travel slows as gas prices level
Sep 5 2005 8:02PM (CT)
NEW YORK (AP) - Labor Day traffic slowed around the country as drivers lucky to find gas stations open paid over 30 percent more than before Hurricane Katrina disrupted Gulf Coast refinery and pipeline operations a week ago.
|
|
|
Half of damaged refineries near restarting
Sep 5 2005 8:01PM (CT)
JACKSON, Miss. (AP) - As half of the Gulf Coast refineries damaged by Hurricane Katrina begin to ramp up production this week, industry experts have this message: be patient.
|
|
|
Wal-Mart says 18 stores still closed
Sep 5 2005 6:39PM (CT)
BENTONVILLE, Ark. (AP) - Wal-Mart Stores Inc. said Monday that 18 stores still remain closed along with one of its call centers. But that is a major improvement from when Hurricane Katrina hit, closing 126 of it facilities.
|
|
|
Spain's natural gas co. bids for Endesa
Sep 5 2005 5:39PM (CT)
MADRID, Spain (AP) - Gas Natural, Spain's biggest natural gas distributor, launched Monday what would be Europe's largest takeover bid this year by offering nearly 22.6 billion euros ($28.34 billion) in cash and shares for Endesa, the country's leading electricity company, according to Gas Natural's Web site.
|
|
|
Chiron rejects Novartis takeover offer
Sep 5 2005 5:17PM (CT)
NEW YORK (AP) - Chiron Corp. on Monday said its board rejected an all-cash takeover offer from Novartis AG, saying the offer is inadequate.
|
|
|
Half of damaged refineries near restarting
Sep 5 2005 5:05PM (CT)
JACKSON, Miss. (AP) - As half of the Gulf Coast refineries damaged by Hurricane Katrina begin to ramp up production this week, industry experts have this message: be patient.
|
|
|
British Airways: Passenger numbers down
Sep 5 2005 5:01PM (CT)
LONDON (AP) - British Airways carried 3.9 percent fewer passengers in August, the airline said Monday, revealing the impact of last month's wildcat strikes by catering and baggage staff that forced it to cancel hundreds of flights.
|
|
|
Deal to allow China textiles in Europe
Sep 5 2005 4:51PM (CT)
BRUSSELS, Belgium (AP) - The European Union and China on Monday reached an agreement to unblock some 77 million garments held up at European borders after Chinese textile imports broke through 2005 quota limits.
|
|
|
Katrina victims get seized knockoff items
Sep 5 2005 4:49PM (CT)
WASHINGTON (AP) - The Yves St. Laurent and Tommy Hilfiger labels may be phony, but the thousands of Hurricane Katrina victims getting knockoff items seized by federal customs officials probably don't mind.
|
|
|
Striking Northwest workers walk in parades
Sep 5 2005 4:46PM (CT)
DETROIT (AP) - Northwest Airlines employees on strike for more than two weeks took their picket line to the streets Monday during two Labor Day parades in Detroit, hoping their presence would help rally support from other unions.
|
|
|
Fiat pinning its hopes on new Punto model
Sep 5 2005 4:45PM (CT)
TURIN, Italy (AP) - Fiat is hoping its new Punto, endowed with a few extra centimeters (inches) and dash of sporty Italian design, is the car that will lift its auto division firmly out of the doldrums.
|
|
|
Asian, European markets see gains
Sep 5 2005 4:44PM (CT)
LONDON (AP) - Stock markets rose Monday across Europe as lower oil prices pushed automaker and transport companies higher, while European clothing retailers benefited from an EU deal that will free-up Chinese textile imports. In Asia, the Japanese market bucked a generally lower trend to close on a four-year high.
|
|
|
Holiday travel slows as gas prices level
Sep 5 2005 4:26PM (CT)
NEW YORK (AP) - Labor Day traffic slowed around the country as drivers lucky to find gas stations open paid over 30 percent more than before Hurricane Katrina disrupted Gulf Coast refinery and pipeline operations a week ago.
|
|
|
Mexican leader plans energy price decree
Sep 5 2005 1:37PM (CT)
MEXICO CITY (AP) - Mexican President Vicente Fox said he plans to issue a decree this week to counter the effects of Hurricane Katrina on domestic energy prices and supplies.
|
|
|
UBS to sell 3 private banks to Julius Baer
Sep 5 2005 11:29AM (CT)
ZURICH, Switzerland (AP) - UBS said Monday it will sell three of Switzerland's oldest private banks and asset manager GAM to Julius Baer for 5.6 billion Swiss francs ($4.6 billion), to enable it to focus on its own private banking business.
|
|
|
Carnival cuts earnings estimates
Sep 5 2005 10:35AM (CT)
MIAMI (AP) - Carnival Corp. said Monday that cruise cancellations, the chartering of three ships for Hurricane Katrina relief efforts and other costs related to the catastrophic storm should cut earnings by a penny to 3 cents a share, with most of the impact in the fourth quarter.
|
|
|
U.S. dollar gains on euro
Sep 5 2005 10:20AM (CT)
BERLIN (AP) - The dollar gained slightly on the euro Monday but was down against other major currencies as traders looked for signs whether the U.S. Federal Reserve may slow its rate hikes as damage caused by Hurricane Katrina compounded concern about the strength of the U.S. economy.
|
|
|
Italian bank chief is on the hot seat
Sep 5 2005 9:59AM (CT)
ROME (AP) - Italy's economy minister is preparing a letter demanding the resignation of Bank of Italy Governor Antonio Fazio, who has faced heavy criticism for his handling of two recent takeover cases, a newspaper reported Monday.
|
|
|
Oil prices fall on stockpile release
Sep 5 2005 9:51AM (CT)
VIENNA, Austria (AP) - Oil prices fell Monday after industrialized nations agreed to release 60 million barrels of crude from their strategic stockpiles to help avert a severe fuel shortage in the United States.
|
|
|
Taiwan airline to buy China carrier stake
Sep 5 2005 9:29AM (CT)
TAIPEI, Taiwan (AP) - China Airlines Ltd., Taiwan's largest airline, said Monday it will join with two shipping companies to buy a combined 37 percent stake in mainland Chinese air cargo carrier Yangtze River Express Airlines Co.
|
|
|
VW to cut jobs among German employees
Sep 5 2005 9:13AM (CT)
BERLIN (AP) - German automaker Volkswagen AG said Monday it plans to cut its work force in its home country, complaining that its factories have "several thousand" surplus employees, despite rising demand for its cars.
|
|
|
France raises public deficit forecast
Sep 5 2005 9:13AM (CT)
PARIS (AP) - France notified the European Commission Monday that it expects to run up a public deficit of 3 percent of gross domestic product this year, instead of the 2.9 percent previously forecast.
|
|
|
Katrina may curb economic growth into 2006
Sep 5 2005 7:58AM (CT)
NEW YORK (AP) - The physical and psychological damage caused by Hurricane Katrina is likely to reverberate across the global economy in ways that will curb growth well into 2006, economists say.
|
|
|
Deal to allow China textiles in Europe
Sep 5 2005 7:56AM (CT)
BEIJING (AP) - Negotiators reached a deal Monday to unblock Chinese textile imports held up at European ports hours after British Prime Minister Tony Blair began an Asian tour meant to promote trade with China and India.
|
|
|
Telstra Corp. expects earnings to fall
Sep 5 2005 4:56AM (CT)
MELBOURNE, Australia (AP) - Telstra Corp., the government-controlled telecommunications company that is preparing for full privatization, said Monday it expects earnings before interest and tax to fall 7 percent to 10 percent in the fiscal year through next June.
|
|
|
Storm evacuees begin looking for new jobs
Sep 5 2005 4:27AM (CT)
JACKSON, Miss. (AP) - Juan Herrera's house on the Gulf coast is destroyed. He has no money, little clothing and is living with his family in a high school gym. But what he needed most in Katrina's aftermath, he said, was a job.
|
|
|
Volkswagen to cut work force in Germany
Sep 5 2005 4:20AM (CT)
BERLIN (AP) - Volkswagen AG said Monday it plans to cut its work force in Germany, complaining that its factories have "several thousand" surplus employees, despite rising demand for its cars.
|
|
|
Plant investigators aid farmers, insurers
Sep 5 2005 1:47AM (CT)
OMAHA, Neb. (AP) - Dale Softley knows what to say when people ask him to explain his job title _ forensic agronomist. "It's like 'CSI', but for plants," he says.
|
|
|
|
|
|