Latest Business News
Economic Figures
Dollar & Gold News
Board of Trade News
Personal Finance
|
|
|
|
|
|
World Bank: Youth key to economic growth
Sep 15 2006 11:27PM (CT)
SINGAPORE (AP) - Developing nations can generate economic growth and reduce poverty by investing in better education, health care and job training for their record numbers of young people between 12 and 24 years old, the World Bank said Saturday.
|
|
|
Ford cuts 10,000 jobs, closes 2 plants
Sep 15 2006 7:53PM (CT)
DETROIT (AP) - Ford took drastic steps on Friday to remold itself into a smaller, more competitive company, slashing thousands of jobs and shuttering two additional plants to cut costs and fend off a financial crisis.
|
|
|
Talk of Schering-Plough bid may be test
Sep 15 2006 6:05PM (CT)
NEW YORK (AP) - Speculation that drugmaker Schering-Plough Corp. plans to offer to merge with Bristol-Myers Squibb Co. may be a gambit for the company to gauge shareholder support for such a move, an analyst said Friday.
|
|
|
Judge won't let Northwest workers strike
Sep 15 2006 5:32PM (CT)
NEW YORK (AP) - A federal judge threw another lifeline to Northwest Airlines on Friday when he blocked flight attendants from striking anytime soon, citing the "vital role" that airlines play in the U.S. economy.
|
|
|
Marsh & McLennan to eliminate 750 jobs
Sep 15 2006 5:14PM (CT)
NEW YORK (AP) - Marsh & McLennan Cos. Inc., the world's biggest insurance brokerage, said Friday it will cut 750 jobs, consolidate some locations and revamp its information technology structure to cut costs.
|
|
|
Bonds narrowly mixed ahead of weekend
Sep 15 2006 4:57PM (CT)
NEW YORK (AP) - U.S. Treasury bond prices were little changed Friday, with shorter-dated bonds slightly lower as investors adjusted their positions ahead of the weekend.
|
|
|
Dollar rises against major currencies
Sep 15 2006 4:10PM (CT)
NEW YORK (AP) - The dollar rose against most major currencies Friday even as a government report showed inflation slowing, which reduces the possibility of another interest rate increase.
|
|
|
Western U.S. in midst of uranium boom
Sep 15 2006 3:29PM (CT)
TICABOO, Utah (AP) - The last U.S. uranium mill ever built, in this parched landscape near Lake Powell, shut down almost as quickly as it started operating as nuclear power fell into disfavor about two decades ago.
|
|
|
Oil prices up despite cut in OPEC output
Sep 15 2006 3:28PM (CT)
WASHINGTON (AP) - Oil prices edged higher Friday but finished lower for the week after OPEC lowered its oil-demand forecast for the rest of the year.
|
|
|
Uranium firms face steep learning curve
Sep 15 2006 3:22PM (CT)
CANON CITY, Colo. (AP) - It's dead silent at the Cotter Corp. uranium mill outside this southern Colorado prison town just one driveway down from a golf course. Steam should be rising from the boiler. A loader should be moving ore to the mill to be turned into yellowcake.
|
|
|
Ford workers confront uncertain future
Sep 15 2006 3:09PM (CT)
MAUMEE, Ohio (AP) - Each day at shift change, the bar at the Break Room Lounge fills with workers from the Ford Motor Co. plant across the street.
|
|
|
HP board shuffle raises oversight issues
Sep 15 2006 12:42PM (CT)
SAN FRANCISCO (AP) - The one winner in the Hewlett-Packard Co. boardroom spying scandal that has enthralled Silicon Valley appears to be Mark Hurd.
|
|
|
DaimlerChrysler cuts profit forecast
Sep 15 2006 12:40PM (CT)
BERLIN (AP) - DaimlerChrysler AG cut its 2006 operating profit forecast Friday, saying it now expects a euro1.2 billion ($1.52 billion) third-quarter loss at Chrysler _ more than twice the amount anticipated. Shares in the company fell more than 5 percent.
|
|
|
Delphi labor contracts hearing postponed
Sep 15 2006 10:37AM (CT)
NEW YORK (AP) - The bankruptcy court hearings to determine whether Delphi Corp. can reject its labor agreements and certain supply contracts with General Motors Corp. have been postponed, the company said on Friday.
|
|
|
US, EU, Canada file trade case vs China
Sep 15 2006 9:12AM (CT)
WASHINGTON (AP) - The United States joined with the European Union and Canada on Friday charging that China has erected illegal barriers to the sale of U.S. and other foreign-made auto parts there.
|
|
|
EU files auto parts complaint vs. China
Sep 15 2006 8:28AM (CT)
BRUSSELS, Belgium (AP) - The European Union filed a complaint Friday with the World Trade Organization over China's tariffs on imported foreign auto parts and indicated that the United States and Canada would follow suit later in the day, officials said.
|
|
|
DaimlerChrysler opens new China factory
Sep 15 2006 7:19AM (CT)
BEIJING (AP) - DaimlerChrysler AG on Friday formally opened its first factory to make Mercedes-Benz and Chrysler sedans in China, joining a rush of foreign automakers scrambling for a share of the booming Chinese car market.
|
|
|
LA Times editor: No more editorial cuts
Sep 15 2006 6:58AM (CT)
LOS ANGELES (AP) - The editor of the Los Angeles Times said he does not want to make any more job cuts in his newsroom, defying the newspaper's corporate parent, which has asked for a budget-trimming plan.
|
|
|
Hitachi expects to post big loss for '06
Sep 15 2006 6:26AM (CT)
TOKYO (AP) - Japanese electronics maker Hitachi slashed its full-year profit forecast because of ballooning costs to repair nuclear reactors and slumping sales of some products, saying Friday it now expects to lose 55 billion yen this year, or about $467.3 million.
|
|
|
Wolfowitz takes hard line on corruption
Sep 15 2006 6:22AM (CT)
SINGAPORE (AP) - The chief of the World Bank took a hard line on corruption Friday, while his counterpart at the IMF said policy-makers need to be ready to adapt to a more difficult economic environment in the coming year as delegates gathered for the sister institutions' annual meetings.
|
|
|
Segway recalls scooters for injury risk
Sep 15 2006 4:51AM (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.
|
|
|
Mass. firm to be searched in HP scandal
Sep 15 2006 4:49AM (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.
|
|
|
BP seeks OK to restart part of Prudhoe
Sep 15 2006 4:48AM (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.
|
|
|
Adobe says performance is improving
Sep 15 2006 4:46AM (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.
|
|
|
ICE to buy N.Y. Board of Trade for $1B
Sep 15 2006 4:40AM (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.
|
|
|
Witness: Livedoor head knew about scheme
Sep 15 2006 4:22AM (CT)
TOKYO (AP) - A key prosecution witness testified Friday that a fallen Japanese Internet kingpin, facing trial on charges of securities law violations, knew about dubious dealings from meeting discussions and e-mail reports.
|
|
|
Japan stocks down; dollar up against yen
Sep 15 2006 4:17AM (CT)
TOKYO (AP) - Japanese stocks fell 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.
|
|
|
Activists protest at World Bank-IMF mtg.
Sep 15 2006 3:43AM (CT)
SINGAPORE (AP) - Activists unhappy with Singapore's move to block 27 fellow campaigners from the IMF-World Bank annual meetings walked out of a round-table discussion with the two institutions Friday.
|
|
|
Potato growers struggle without migrants
Sep 15 2006 1:33AM (CT)
BOISE, Idaho (AP) - While Washington politicians spar over who has the best election-year border control and immigration plan, Jack Hoopes wonders who will harvest his seed potatoes. He needs 50 workers for the three-week harvest starting next week. He has just 35, including students who get a week off from school in the Teton Valley, a farming region northeast of Idaho Falls.
|
|
|
Consumer confidence skyrockets
Sep 15 2006 12:38AM (CT)
WASHINGTON (AP) - Consumer confidence zoomed to a seven-month high as lower gasoline prices made people feel a lot better about the current economic climate and their own financial standing.
|
|
|
|
|
|