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Oil prices continue to slide
Sep 8 2006 11:00PM (CT)
WASHINGTON (AP) - Oil prices fell by almost $1 a barrel on Friday, dipping below $67 as traders focused on slackening demand and rising supplies.
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Miami paper fires 3 who took gov't money
Sep 8 2006 11:00PM (CT)
MIAMI (AP) - Ten South Florida journalists, including three with The Miami Herald's Spanish-language sister paper, received thousands of dollars from the federal government for their work on radio and TV programming aimed at undermining Fidel Castro's communist regime, the Herald reported Friday.
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HP chairwoman tries to diffuse uproar
Sep 8 2006 7:39PM (CT)
SAN FRANCISCO (AP) - Battling to keep her job, Hewlett-Packard Co. Chairwoman Patricia Dunn tried Friday to defuse the uproar over a company-ordered investigation that relied on a potentially illegal ruse to obtain the personal phone records of her fellow directors and at least nine reporters.
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Former TWA workers picket own union
Sep 8 2006 6:31PM (CT)
EULESS, Texas (AP) - Former TWA flight attendants picketed their own union Friday, protesting what they say is the labor group's unwillingness to help them get back their jobs, which were lost after the 2001 terror attacks.
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FCC asks AT&T about Hewlett-Packard leak
Sep 8 2006 5:51PM (CT)
WASHINGTON (AP) - The Federal Communications Commission has asked AT&T Inc. how private investigators for the Hewlett-Packard Co. managed to obtain private phone records of board members and journalists, a government official familiar with the case said Friday.
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Broadcom uncovers more option errors
Sep 8 2006 5:40PM (CT)
IRVINE, Calif. (AP) - Broadcom Corp., a supplier of semiconductor chips used in communication devices, said Friday it may need to record expenses of $1.5 billion or more for stock option accounting flaws _ double what it had estimated in July.
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New Ford CEO to get $18.5 million payout
Sep 8 2006 5:20PM (CT)
DETROIT (AP) - Ford Motor Co.'s new chief executive will get an annual base salary of $2 million and an immediate payout of $18.5 million for taking the job, the company said Friday in a filing with the Securities and Exchange Commission.
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Bonds rise ahead of 9/11 anniversary
Sep 8 2006 4:49PM (CT)
NEW YORK (AP) - Prices for Treasury bonds ended the trading session higher Friday, reversing a generally down week ahead of the fifth anniversary of the 9/11 terror attacks.
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Bonds rise ahead of 9/11 anniversary
Sep 8 2006 4:49PM (CT)
NEW YORK (AP) - Prices for Treasury bonds ended the trading session higher Friday, reversing a generally down week ahead of the fifth anniversary of the 9/11 terror attacks.
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Heinz says 2 dissidents win board seats
Sep 8 2006 3:45PM (CT)
PITTSBURGH (AP) - Dissident investor Nelson Peltz and an ally appear to have won two seats on the H.J. Heinz Co. board after campaigning for deeper cost-cuts and other changes that they say would invigorate the performance of the maker of its famous ketchup and other foods.
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Smaller coffeehouses thrive in Seattle
Sep 8 2006 2:33PM (CT)
SEATTLE (AP) - It's hard to find a bad cup of coffee in Seattle, and that's not just because it seems like there's a Starbucks _ or two or three _ on every corner.
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BP audit: Key job vacant before spill
Sep 8 2006 1:35PM (CT)
WASHINGTON (AP) - By the time a massive oil-pipeline spill was discovered in March on Alaska's North Slope, the job of BP's senior corrosion engineer had been left unfilled for more than a year, according to an internal company audit.
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Telecom founder pleads guilty to fraud
Sep 8 2006 11:47AM (CT)
WASHINGTON (AP) - Telecommunications entrepreneur Walter Anderson pleaded guilty to tax evasion and fraud Friday in connection with what authorities said was the nation's largest ever criminal tax case.
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Dissident investors to be on Heinz board
Sep 8 2006 11:24AM (CT)
PITTSBURGH (AP) - Food maker H.J. Heinz Co. said Friday that initial voting results show dissident investors Nelson Peltz and Michael F. Weinstein have been elected to its 12-member board of directors following a fierce proxy battle.
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Lennar cuts 3Q profit outlook
Sep 8 2006 10:50AM (CT)
MIAMI (AP) - Lennar Corp., one of the nation's biggest homebuilders, cut its third-quarter earnings projections Friday due to a decrease in new orders amid softening in the housing market. Its shares fell nearly 2 percent.
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Nasdaq CEO: Expansion won't be in haste
Sep 8 2006 9:42AM (CT)
NEW YORK (AP) - Nasdaq Stock Market Inc. Chief Executive Robert Greifeld said Friday he is mindful that his company must expand overseas, but cautioned that deals won't be made in haste.
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Volkswagen considers job guarantees
Sep 8 2006 9:34AM (CT)
HANOVER, Germany (AP) - Volkswagen AG, Europe's biggest automaker, said Friday it was open to labor union demands for job guarantees if employees agree to work longer for the same pay.
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Bank of Japan leaves rates unchanged
Sep 8 2006 8:07AM (CT)
TOKYO (AP) - The Bank of Japan left interest rates unchanged Friday amid speculation about when the nation's central bank will next tighten credit as the economy recovers.
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OPEC likely to keep production steady
Sep 8 2006 7:56AM (CT)
VIENNA, Austria (AP) - OPEC is likely to keep its current oil production targets steady at its meeting next week, experts say, despite concerns that high crude prices threaten to put the brakes on global economic growth.
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Sportingbet not contacted by authorities
Sep 8 2006 6:58AM (CT)
LONDON (AP) - Online gambling company Sportingbet PLC, whose chairman was arrested in New York this week, said Friday it hasn't been contacted by U.S. authorities regarding the matter and was continuing to operate as normal, taking bets from the U.S.
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Japanese stocks rise; dollar down
Sep 8 2006 6:02AM (CT)
TOKYO (AP) - Japanese stocks rose Friday after spending much of the morning in negative territory, as a drop in oil prices tempered worries about rising fuel costs.
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Company settles Katrina workers' suit
Sep 8 2006 5:09AM (CT)
NEW ORLEANS (AP) - A construction company specializing in disaster recovery settled a lawsuit with migrant workers who were denied overtime even though they often worked long hours cleaning up wreckage left by Hurricane Katrina.
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UAW: No deal with Chrysler on health
Sep 8 2006 3:59AM (CT)
DETROIT (AP) - Because it's in better financial shape, DaimlerChrysler AG's Chrysler Group won't get the same health care concessions that Ford Motor Co. and General Motors Corp. got from the United Auto Workers, the union's president said Thursday.
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Rio Grande levees need massive repairs
Sep 8 2006 1:33AM (CT)
BROWNSVILLE, Texas (AP) - Twelve-foot-high earthen berms stretching 100 miles along the Rio Grande in South Texas were built decades ago to protect the region's irrigated farms and citrus groves from floods. But now a four-county region known as the Valley, with a growing population of 1.3 million, risks flooding again because of levee erosion.
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