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Global coal demand may lift U.S. cos.
Sep 13 2007 11:57PM (CT)
NEW YORK (AP) - There are signs of hope for U.S. coal miners that have endured a year of rising costs and depressed coal prices.
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Oil prices drop below $80 a barrel
Sep 13 2007 11:55PM (CT)
SINGAPORE (AP) - Oil prices fell Friday amid profit taking after closing at a record high the previous session on supply concerns.
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GM becomes UAW's target in labor talks
Sep 13 2007 11:41PM (CT)
DETROIT (AP) - The United Auto Workers union likely chose General Motors Corp. as the lead company in labor talks with the Detroit Three because GM is considered the healthiest and the UAW wants to prevent the nation's largest automaker from moving more manufacturing overseas, industry analysts said.
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GM becomes UAW's target in labor talks
Sep 13 2007 11:41PM (CT)
DETROIT (AP) - The United Auto Workers union likely chose General Motors Corp. as the lead company in labor talks with the Detroit Three because GM is considered the healthiest and the UAW wants to prevent the nation's largest automaker from moving more manufacturing overseas, industry analysts said.
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Dollar climbs back from low vs. euro
Sep 13 2007 5:38PM (CT)
NEW YORK (AP) - The dollar hovered near a record low against the euro Thursday on speculation that the Federal Reserve will cut interest rates to boost the U.S. economy.
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McDonald's shares hit all-time high
Sep 13 2007 5:30PM (CT)
OAK BROOK, Ill. (AP) - McDonald's Corp. stock surged to an all-time high Thursday after the fast-food chain announced the largest dividend increase in its history and pledged to return more money to shareholders than Wall Street expected. The dollar's record low against the euro also boosted McDonald's, which has more than 6,000 restaurants in Europe.
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Alcatel shares tumble on revenue outlook
Sep 13 2007 5:28PM (CT)
PARIS (AP) - Alcatel-Lucent SA fell nearly 9 percent Thursday after the telecommunications equipment maker slashed its full-year revenue growth forecast and said it expects third-quarter operating profit to be "around break-even."
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Countrywide boosts borrowing capacity
Sep 13 2007 5:28PM (CT)
CALABASAS, Calif. (AP) - Countrywide Financial Corp. boosted its borrowing capacity by $12 billion as the mortgage lender struggles to weather the slowdown in the housing market, the company said Thursday.
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Greenspan concedes mortgage dilemma
Sep 13 2007 5:20PM (CT)
WASHINGTON (AP) - Former Federal Reserve Chairman Alan Greenspan acknowledges he failed to see early on that an explosion of mortgages to people with questionable credit histories could pose a danger to the economy.
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Applications for unemployment up
Sep 13 2007 5:14PM (CT)
WASHINGTON (AP) - The number of laid off workers filing claims for unemployment benefits rose last week in another worrisome sign that the labor market is weakening.
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Hovnanian cuts prices as home sales cool
Sep 13 2007 3:23PM (CT)
NEWARK, N.J. (AP) - Hovnanian Enterprises Inc., struggling like other home builders, is offering six-figure discounts on some of its properties this weekend as it attempts to draw interest in a slumping market.
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Study: World Bank probers need PR help
Sep 13 2007 2:05PM (CT)
WASHINGTON (AP) - A siege mentality prevails at a World Bank unit that investigates allegations of misconduct and corruption in bank-financed projects, an independent panel says. It recommends the group reach out to other departments and outside advisers to deal with its problems.
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Commercial paper market stabilizes
Sep 13 2007 1:19PM (CT)
NEW YORK (AP) - The corporate short-term commercial paper market could be finding its footing, weekly statistics from the Federal Reserve showed Thursday.
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Treasuries hit by stock market rally
Sep 13 2007 1:17PM (CT)
NEW YORK (AP) - An unexpectedly boisterous stock market rally put Treasury prices under pressure Thursday, as conviction mounted that the Fed will cut rates next week.
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Protesters stage pasta strike in Italy
Sep 13 2007 11:55AM (CT)
MILAN, Italy (AP) - Consumer groups held nationwide protests Thursday to draw attention to the burden placed on families by the rising cost of food _ especially Italians' beloved staple, pasta.
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Protesters stage pasta strike in Italy
Sep 13 2007 11:55AM (CT)
MILAN, Italy (AP) - Consumer groups held nationwide protests Thursday to draw attention to the burden placed on families by the rising cost of food _ especially Italians' beloved staple, pasta.
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Rates on 30-year mortgages drop sharply
Sep 13 2007 11:53AM (CT)
WASHINGTON (AP) - Rates on 30-year mortgages dropped this week to the lowest point in four months, providing some relief for people hoping to refinance their existing mortgages.
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Rates on 30-year mortgages drop sharply
Sep 13 2007 11:53AM (CT)
WASHINGTON (AP) - Rates on 30-year mortgages dropped this week to the lowest point in four months, providing some relief for people hoping to refinance their existing mortgages.
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Oil, wheat retreat from record highs
Sep 13 2007 11:49AM (CT)
NEW YORK (AP) - Commodities markets traded mixed Thursday, as oil, wheat and gold prices eased off their recent highs as supply concerns moderated and investors pocketed profits.
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Mattel CEO pledges to improve toy safety
Sep 13 2007 10:37AM (CT)
WASHINGTON (AP) - Acknowledging that "we are by no means perfect," Mattel Inc. CEO Robert Eckert said Wednesday the company could have done a better job overseeing subcontractors in China that produced more than 21 million recalled toys.
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Mattel CEO pledges to improve toy safety
Sep 13 2007 10:37AM (CT)
WASHINGTON (AP) - Acknowledging that "we are by no means perfect," Mattel Inc. CEO Robert Eckert said Wednesday the company could have done a better job overseeing subcontractors in China that produced more than 21 million recalled toys.
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Japanese stocks closed mixed
Sep 13 2007 6:25AM (CT)
TOKYO (AP) - Japanese stocks were mixed Thursday as traders were jittery over the outlook for the government after Prime Minister Shinzo Abe announced his resignation a day earlier.
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China: Foreign investment up 12.8 pct.
Sep 13 2007 6:25AM (CT)
BEIJING (AP) - Foreign investment in China rose 12.8 percent to $42 billion in the first eight months of this year, the Commerce Ministry said Thursday, despite new limits on investment in real estate and acquisitions of Chinese companies.
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IMF sees Australian GDP up 4.4 percent
Sep 13 2007 6:24AM (CT)
SYDNEY, Australia (AP) - Australia's economy is well positioned to ride out the turbulence in world financial markets and will grow around 4.4 percent this fiscal year, the International Monetary Fund said Thursday.
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SEC charges 4 more former Nortel execs
Sep 13 2007 6:19AM (CT)
TORONTO (AP) - The U.S. Securities and Exchange Commission has charged four more former Nortel Networks Corp. executives with accounting fraud, alleging they manipulated reserves to change Nortel's earnings statements on the orders of more senior officers of the Canadian networking equipment maker.
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