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Crude oil prices flat in Asia trading
Sep 14 2006 11:53PM (CT)
KUALA LUMPUR, Malaysia (AP) - Crude oil prices were flat Friday after natural gas prices plunged to a two-year low overnight, and supply concerns eased after Nigerian oil workers prematurely ended a strike in Africa's largest producer.
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Adobe says performance is improving
Sep 14 2006 11:50PM (CT)
SAN FRANCISCO (AP) - After reporting solid third-quarter earnings Thursday, Adobe Systems Inc. hopes to crush Wall Street's long-standing concerns that the company can't perform consistently and across all divisions.
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Ford to offer buyouts to U.S. workers
Sep 14 2006 11:43PM (CT)
DETROIT (AP) - Ford Motor Co., beaten down by rising costs and stiff competition from Asia, is set to institute significant operational changes designed to rein in expenses and restore the company to profitability.
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BP seeks OK to restart part of Prudhoe
Sep 14 2006 10:58PM (CT)
ANCHORAGE, Alaska (AP) - Oil giant BP PLC has asked permission from the U.S. Department of Transportation to resume production on the eastern half of Prudhoe Bay so it can perform pipeline tests.
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Britain may withhold World Bank donation
Sep 14 2006 10:17PM (CT)
LONDON (AP) - The British government threatened Thursday to withhold a $94 million contribution to the World Bank to protest the conditions the bank places on aid to poor countries.
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Japan stocks dip; dollar up against yen
Sep 14 2006 9:43PM (CT)
TOKYO (AP) - Japanese stocks declined in morning trading Friday, as investors took a breather from a rally the previous day and exercised caution following an ambivalent session overnight in New York. The dollar was higher against the yen.
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ICE to buy the New York Board of Trade
Sep 14 2006 8:14PM (CT)
NEW YORK (AP) - IntercontinentalExchange Inc., an electronic marketplace for commodities, said Thursday it plans to buy the New York Board of Trade for about $1 billion in cash and stock.
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Mass. firm to be searched in HP scandal
Sep 14 2006 6:10PM (CT)
SAN FRANCISCO (AP) - Investigators plan to search the Boston-area offices of a private investigation firm involved in the Hewlett-Packard Co. spying scandal, California Attorney General Bill Lockyer said Thursday.
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Brokerage firms post gains in 3Q profit
Sep 14 2006 3:57PM (CT)
NEW YORK (AP) - Bear Stearns Cos. shook off a slump in global stock markets to report the biggest quarterly profit gains of its Wall Street rivals, increasing confidence U.S. investment banks can weather a shift in the economy.
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ConAgra Foods to close plants, cut jobs
Sep 14 2006 3:31PM (CT)
OMAHA, Neb. (AP) - Packaged-food maker ConAgra Foods Inc. announced plans Thursday to close five manufacturing plants and eliminate about 400 jobs as part of a long-term plan to cut costs.
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Segway recalls scooters for injury risk
Sep 14 2006 1:19PM (CT)
NEW YORK (AP) - Segway Inc. is recalling all 23,500 of the self-balancing scooters it has shipped because of a software glitch that can make its wheels unexpectedly reverse direction, throwing off the rider _ and in at least one incident, break some teeth.
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Wen tour of Europe focuses on business
Sep 14 2006 12:51PM (CT)
FRANKFURT, Germany (AP) - Chinese premier Wen Jiabao's grand tour of Europe this week is underscoring how the opportunities presented by the "super-market" that is China's billion people may be trumping the continent's long-standing concerns about human rights.
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Bear Stearns 3Q profit rises
Sep 14 2006 12:10PM (CT)
NEW YORK (AP) - Bear Stearns Cos. on Thursday reported its third-quarter profit climbed 16 percent as the Wall Street investment bank relied on strong trading results to shake off a sluggish period for mergers and acquisitions.
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Aviva to cut U.K. jobs to shift to India
Sep 14 2006 11:52AM (CT)
LONDON (AP) - Aviva PLC, Britain's biggest insurer, said Thursday it plans to cut 4,000 jobs, or 11 percent of its British work force, and shift a quarter of those jobs to India to cut costs and increase profitability.
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Motorcycle airbags part of safety trend
Sep 14 2006 11:24AM (CT)
MARYSVILLE, Ohio (AP) - Jeaneen Parsons' husband steered their motorcycle to the ground seven years ago to avoid hitting a passenger whose cycle went down on a twisting mountain road in Kentucky.
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Anti-rollover tech required by 2012
Sep 14 2006 11:18AM (CT)
McLEAN, Va. (AP) - New automobiles will be required to have anti-rollover technology by the 2012 model year, which should save thousands of lives annually, the government's traffic safety agency said Thursday.
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Sulzberger forgoes stock compensation
Sep 14 2006 11:00AM (CT)
NEW YORK (AP) - Arthur Sulzberger Jr., the chairman of The New York Times Co., is taking a pay cut this year and next along with his cousin, the vice chairman of the company, to create a bonus pool for employees, the Times disclosed in a regulatory filing Thursday.
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GE sells materials unit for $3.8B
Sep 14 2006 10:24AM (CT)
NEW HAVEN, Conn. (AP) - General Electric Co. said Thursday it will sell most of its advanced materials unit for $3.8 billion in the latest move to reshape one of the world's largest companies.
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IMF: Housing market could slow U.S. GDP
Sep 14 2006 8:48AM (CT)
SINGAPORE (AP) - The U.S. economy is headed for a slowdown caused by a cooling housing market, the International Monetary Fund warned Thursday, and that could drag on global growth. But China's booming economy shows no sign of slowing down, and that prompted the IMF to raise its global growth forecast for this year and next.
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IAMGold to buy Cambior for $1.3B
Sep 14 2006 7:54AM (CT)
NEW YORK (AP) - Canada's IAMGold Corp. said Thursday it is buying fellow Canadian miner Cambior Inc. for $1.3 billion in stock to create a gold producer with a market capitalization of $3 billion.
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Pier 1 2Q loss widens on various charges
Sep 14 2006 5:52AM (CT)
FORT WORTH, Texas (AP) - Home furnishings retailer Pier 1 Imports Inc. said Wednesday its second-quarter loss widened on lower sales and various charges.
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Cattlemen get tax break for drought
Sep 14 2006 5:06AM (CT)
LUBBOCK, Texas (AP) - Cattle producers around the country who are forced to sell animals because of drought will not have to pay capital gains taxes for a year after the parched conditions end, the Internal Revene Service announced.
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Prosecutors seek $2.5M from Livedoor
Sep 14 2006 4:23AM (CT)
TOKYO (AP) - Prosecutors on Thursday demanded a 300 million yen ($2.5 million) fine against the disgraced Japanese Internet startup Livedoor for a scam to inflate stock prices and doctor company books.
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