Latest Business News
Economic Figures
Dollar & Gold News
Board of Trade News
Personal Finance
|
|
|
|
|
|
ECB likely to hold interest rates
Sep 5 2007 11:24PM (CT)
FRANKFURT, Germany (AP) - The European Central Bank meets Thursday to decide how best to guide the 13-nation euro zone through a storm of market volatility, with many analysts believing it will opt to keep interest rates on hold for now.
|
|
|
TXU shareholders to vote on $32B sale
Sep 5 2007 11:22PM (CT)
DALLAS (AP) - The last major obstacle to the private buyout of TXU Corp. is expected to fall Friday, when shareholders of the largest power-generating company in Texas vote on the $32 billion sale.
|
|
|
Indonesia, Russia to sign defense deals
Sep 5 2007 11:17PM (CT)
JAKARTA, Indonesia (AP) - Indonesia was set to sign a $1 billion defense deal with Russia on Thursday that will enable it to purchase dozens of helicopters, tanks and submarines over the next 15 years, a government spokesman said.
|
|
|
Carmakers switching to electric motors
Sep 5 2007 11:15PM (CT)
DETROIT (AP) - Beneath your car's hood, there are belts hooked to the engine, running the power steering, air conditioning and other items that drag on the engine and cut gas mileage. But as fuel efficiency becomes paramount with high gas prices and pending government regulations, automakers across the world are trying to get rid of as many belts as they can, switching them to electric motors.
|
|
|
Carmakers switching to electric motors
Sep 5 2007 11:15PM (CT)
DETROIT (AP) - Beneath your car's hood, there are belts hooked to the engine, running the power steering, air conditioning and other items that drag on the engine and cut gas mileage. But as fuel efficiency becomes paramount with high gas prices and pending government regulations, automakers across the world are trying to get rid of as many belts as they can, switching them to electric motors.
|
|
|
Business groups fight private equity tax
Sep 5 2007 11:12PM (CT)
WASHINGTON (AP) - To help quash legislation that would raise taxes on private equity and hedge funds, representatives for big business are warning lawmakers that the effort could instead end up hurting the little guy.
|
|
|
Oil prices climb above $76 a barrel
Sep 5 2007 10:39PM (CT)
SINGAPORE (AP) - Oil prices rose amid expectations that a U.S. government report due later Thursday would show declines in crude and gasoline inventories.
|
|
|
Ace finds $154M accounting shortfall
Sep 5 2007 10:03PM (CT)
CHICAGO (AP) - Ace Hardware Corp. discovered an approximately $154 million shortfall on its books while preparing to convert from retailer-owned cooperative to for-profit corporation and likely will have to restate its financial results for the last five years, President and CEO Ray Griffith said Wednesday.
|
|
|
Popcorn makers work to remove chemical
Sep 5 2007 8:09PM (CT)
OMAHA, Neb. (AP) - Four of the nation's biggest microwave popcorn makers are working to remove a flavoring chemical from their products linked to a lung ailment in popcorn plant workers while reassuring consumers about the safety of the snack.
|
|
|
Countrywide to cut about 900 more jobs
Sep 5 2007 7:06PM (CT)
LOS ANGELES (AP) - Struggling mortgage lender Countrywide Financial Corp. said Wednesday it will cut about 900 more jobs nationwide, primarily from its mortgage production divisions.
|
|
|
MGIC, Radian call off deal
Sep 5 2007 5:51PM (CT)
MILWAUKEE (AP) - Mortgage insurer MGIC Investment Corp. abandoned its $5 billion bid to buy rival Radian Group Inc. on Wednesday, saying it was in each other's best interest to concentrate on surviving in the faltering mortgage industry.
|
|
|
Boeing delays test flights for 787 jet
Sep 5 2007 5:50PM (CT)
SEATTLE (AP) - Flight testing on Boeing Co.'s new 787 jetliner has been delayed until mid-November or mid-December, months later than originally planned. But company executives insisted Wednesday they remain on track to deliver the first plane on time next spring.
|
|
|
Some toy companies could see sales rise
Sep 5 2007 5:49PM (CT)
NEW YORK (AP) - Playthings made by brands like Playskool, Brio and GeoMag of Switzerland could get a boost in the fast-approaching holiday sales season because they haven't been caught up in high-profile recalls over lead paint, dangerous magnets or other safety concerns.
|
|
|
Pending home sales sink in July
Sep 5 2007 5:46PM (CT)
WASHINGTON (AP) - A near-record low for an index that forecasts near-term home sales suggests borrowers in expensive areas are struggling to finalize home purchases amid mortgage market troubles.
|
|
|
Pending home sales sink in July
Sep 5 2007 5:46PM (CT)
WASHINGTON (AP) - A near-record low for an index that forecasts near-term home sales suggests borrowers in expensive areas are struggling to finalize home purchases amid mortgage market troubles.
|
|
|
Pending home sales sink in July
Sep 5 2007 5:46PM (CT)
WASHINGTON (AP) - A near-record low for an index that forecasts near-term home sales suggests borrowers in expensive areas are struggling to finalize home purchases amid mortgage market troubles.
|
|
|
Fed: Credit crunch effects limited
Sep 5 2007 5:42PM (CT)
WASHINGTON (AP) - A painful credit crunch is taking its worst toll on the already ailing housing market, while its impact on the rest of the economy so far seems limited, the Federal Reserve reported Wednesday.
|
|
|
Safety upgrades planned for new vehicles
Sep 5 2007 4:13PM (CT)
WASHINGTON (AP) - The government wants new passenger vehicles to provide head protection in dangerous side-impact crashes, which kill thousands of motorists every year and leave others with serious brain injuries.
|
|
|
Workers, BP state cases in blast trial
Sep 5 2007 4:01PM (CT)
GALVESTON, Texas (AP) - The deadly explosion at BP PLC's Texas City plant was a result of unsafe working conditions caused by the oil giant's appetite for profits, an attorney for four workers said Wednesday in the first trial stemming from the 2005 accident.
|
|
|
Industrial metals prices slide
Sep 5 2007 3:54PM (CT)
NEW YORK (AP) - The industrial metals market sagged for a third straight session Wednesday as investors weighed large builds in aluminum and zinc inventories against continued unease about the pace of global economic growth.
|
|
|
Former Fed member Gramlich dies at 68
Sep 5 2007 1:54PM (CT)
WASHINGTON (AP) - Edward Gramlich, a former member of the Federal Reserve board who raised warnings about the housing boom, died Wednesday of leukemia. He was 68.
|
|
|
Former Fed member Gramlich dies at 68
Sep 5 2007 1:54PM (CT)
WASHINGTON (AP) - Edward Gramlich, a former member of the Federal Reserve board who raised warnings about the housing boom, died Wednesday of leukemia. He was 68.
|
|
|
Report says U.S. economy will slow
Sep 5 2007 11:08AM (CT)
GENEVA (AP) - The U.S. economy will slow sharply this year and fall behind growth rates in most of the world, according to forecasts in a U.N. report released Wednesday.
|
|
|
Total targets 4 pct production growth
Sep 5 2007 9:55AM (CT)
PARIS (AP) - Total SA, one of the world's biggest oil companies, said Wednesday it is targeting average production growth of 4 percent per year between 2006 and 2010.
|
|
|
Mattel recalls 800,000 toys worldwide
Sep 5 2007 9:52AM (CT)
NEW YORK (AP) - The third major recall by Mattel Inc. of lead-tainted Chinese toys has left the world's largest toymaker fighting to maintain its reputation with the crucial holiday season fast approaching.
|
|
|
Palm cancels Foleo companion to Treo
Sep 5 2007 9:50AM (CT)
NEW YORK (AP) - Treo maker Palm Inc. will not release its smartphone companion product, the Foleo, Chief Executive Edward Colligan said in a posting on the company's blog.
|
|
|
Palm cancels Foleo companion to Treo
Sep 5 2007 9:50AM (CT)
NEW YORK (AP) - Treo maker Palm Inc. will not release its smartphone companion product, the Foleo, Chief Executive Edward Colligan said in a posting on the company's blog.
|
|
|
Feds to test blackbird baiting project
Sep 5 2007 2:20AM (CT)
BISMARCK, N.D. (AP) - The thunderous report of Kent Matejcek's noise cannon does little to shoo blackbirds off his sunflower fields in northeastern North Dakota.
|
|
|
|
|
|