Latest Business News
Economic Figures
Dollar & Gold News
Board of Trade News
Personal Finance
|
|
|
|
|
|
Oil prices rise above $82 a barrel
Sep 18 2007 11:58PM (CT)
SINGAPORE (AP) - Oil prices rose Wednesday above the previous session's record close, lifted by expectations the interest rate cut by the U.S. Federal Reserve will accelerate growth and increase demand for already tight crude and gasoline supplies.
|
|
|
Progress slow in UAW-GM contract talks
Sep 18 2007 10:52PM (CT)
DETROIT (AP) - The Detroit Three automakers all are struggling with declining U.S. market share, health care costs and bloated infrastructure, but they have unique issues that could make it difficult for the United Auto Workers to impose a contract with General Motors Corp. on Ford and Chrysler.
|
|
|
Progress slow in UAW-GM contract talks
Sep 18 2007 10:52PM (CT)
DETROIT (AP) - The Detroit Three automakers all are struggling with declining U.S. market share, health care costs and bloated infrastructure, but they have unique issues that could make it difficult for the United Auto Workers to impose a contract with General Motors Corp. on Ford and Chrysler.
|
|
|
Market soars as Fed cuts interest rate
Sep 18 2007 10:04PM (CT)
WASHINGTON (AP) - In a bold strike, the Federal Reserve slashed a key interest rate by a half point on Tuesday _ the first cut in over four years _ and left the door open to further relief to prevent a painful housing slump and jarring credit crunch from driving the country into recession.
|
|
|
Market soars as Fed cuts interest rate
Sep 18 2007 10:04PM (CT)
WASHINGTON (AP) - In a bold strike, the Federal Reserve slashed a key interest rate by a half point on Tuesday _ the first cut in over four years _ and left the door open to further relief to prevent a painful housing slump and jarring credit crunch from driving the country into recession.
|
|
|
Asian stocks jump after Fed rate cut
Sep 18 2007 9:48PM (CT)
TOKYO (AP) - Asian stocks jumped Wednesday morning in the wake of Wall Street's overnight surge spurred by the U.S. Federal Reserve's larger-than-expected interest rate cut.
|
|
|
House votes to aid struggling homeowners
Sep 18 2007 6:22PM (CT)
WASHINGTON (AP) - The House on Tuesday approved a plan to expand federal backing of mortgages in hopes of helping struggling homeowners avoid foreclosure. Despite some White House objections, the Bush administration and House Democrats took conciliatory stances pointing toward resolving their differences.
|
|
|
Best Buy 2Q profit rises 9.7 percent
Sep 18 2007 6:12PM (CT)
MINNEAPOLIS (AP) - Best Buy, the nation's largest consumer electronics retailer, reported second-quarter profits that rose 8.7 percent, well ahead of analyst expectations. It gave a bullish forecast for the full year, and its shares rose 6 percent.
|
|
|
Best Buy 2Q profit rises 9.7 percent
Sep 18 2007 6:12PM (CT)
MINNEAPOLIS (AP) - Best Buy, the nation's largest consumer electronics retailer, reported second-quarter profits that rose 8.7 percent, well ahead of analyst expectations. It gave a bullish forecast for the full year, and its shares rose 6 percent.
|
|
|
Best Buy 2Q profit rises 9.7 percent
Sep 18 2007 6:12PM (CT)
MINNEAPOLIS (AP) - Best Buy, the nation's largest consumer electronics retailer, reported second-quarter profits that rose 8.7 percent, well ahead of analyst expectations. It gave a bullish forecast for the full year, and its shares rose 6 percent.
|
|
|
Signs suggest housing slump may drag on
Sep 18 2007 6:09PM (CT)
LOS ANGELES (AP) - Soaring foreclosure filings and sagging expectations of future home sales among developers raised prospects Tuesday that the worst housing slump in 16 years could drag on into next year.
|
|
|
Kroger shares rise as 2Q profit jumps
Sep 18 2007 6:06PM (CT)
CINCINNATI (AP) - Kroger Co. said Tuesday its profit jumped 28 percent in the second quarter, topping analyst expectations. The nation's largest traditional grocery chain boosted its outlook for the year. Its shares rose 7.5 percent.
|
|
|
Lehman posts better-than-expected 3Q
Sep 18 2007 5:57PM (CT)
NEW YORK (AP) - Lehman Brothers Holdings Inc. might have surprised investors Tuesday with better-than-expected quarterly results, but the No. 4 U.S. investment bank left them mostly in the dark on the details of its losses from bad mortgage-related debt.
|
|
|
Bernanke facing some tough scrutiny
Sep 18 2007 4:39PM (CT)
WASHINGTON (AP) - Ben Bernanke, a respected Princeton professor before heading off to Washington, is finding that the nation's financial markets can be tough graders. But he is also demonstrating that he can be a quick learner.
|
|
|
Oil, gold prices jump after Fed rate cut
Sep 18 2007 4:02PM (CT)
NEW YORK (AP) - Oil prices jumped to an all-time high and precious metals rallied Tuesday after the Federal Reserve cut its benchmark interest rate by a half percentage point.
|
|
|
UK lender gains on govt. guarantees
Sep 18 2007 2:35PM (CT)
LONDON (AP) - Prime Minister Gordon Brown insisted the British economy remained strong Tuesday while worried depositors lined up for the third consecutive day to withdraw money from one of the nation's largest mortgage lenders.
|
|
|
U.S. home foreclosures soar in August
Sep 18 2007 2:12PM (CT)
LOS ANGELES (AP) - The number of foreclosure filings reported in the U.S. last month more than doubled versus August 2006 and jumped 36 percent from July, a trend that signals many homeowners are increasingly unable to make timely payments on their mortgages or sell their homes amid a national housing slump.
|
|
|
Treasury prices fall sharply on rate cut
Sep 18 2007 1:42PM (CT)
NEW YORK (AP) - Treasury prices fell sharply Tuesday as investors celebrating the Federal Reserve's half-point cut in interest rates yanked their money out of bonds and shifted it to the stock market.
|
|
|
Stocks soar after half-point rate cut
Sep 18 2007 1:38PM (CT)
NEW YORK (AP) - A jubilant Wall Street barreled higher Wednesday after the Federal Reserve cut its benchmark interest rate by a larger-than-expected half a percentage point. The Dow Jones industrial average surged more than 160 points after the Fed announced its move.
|
|
|
Settlement ends first BP explosion trial
Sep 18 2007 12:19PM (CT)
GALVESTON, Texas (AP) - The first trial stemming from the deadly explosion at BP PLC's Texas City refinery ended in a settlement Tuesday.
|
|
|
As prices drop, thefts of GPS units soar
Sep 18 2007 11:54AM (CT)
BOSTON (AP) - When Austin Sweazy pulled into the parking lot of an auto-repair shop, his fiancee reminded him that even though their errand inside would last just a few minutes, it would be smart to lock the car doors.
|
|
|
As prices drop, thefts of GPS units soar
Sep 18 2007 11:54AM (CT)
BOSTON (AP) - When Austin Sweazy pulled into the parking lot of an auto-repair shop, his fiancee reminded him that even though their errand inside would last just a few minutes, it would be smart to lock the car doors.
|
|
|
Settlement ends first BP explosion trial
Sep 18 2007 11:02AM (CT)
GALVESTON, Texas (AP) - The first trial stemming from the deadly explosion at BP PLC's Texas City refinery ended in a settlement Tuesday.
|
|
|
Out of the Gate: Micrus drops on outlook
Sep 18 2007 9:36AM (CT)
NEW YORK (AP) - Shares of Micrus Endovascular Corp. plunged Tuesday after the medical device maker lowered its fiscal 2008 revenue forecast, saying it expects approval delays in China and Japan to hurt sales.
|
|
|
Out of the Gate: E-Trade slips
Sep 18 2007 9:35AM (CT)
NEW YORK (AP) - Shares of E-Trade Financial Corp. slipped at the opening bell Tuesday after the online brokerage disclosed pricey costs to exit the struggling mortgage industry.
|
|
|
Impac cuts 144 jobs, exits alt-A market
Sep 18 2007 9:04AM (CT)
IRVINE, Calif. (AP) - Mortgage lender Impac Mortgage Holdings Inc. said Tuesday it is cutting 144 jobs and completely exiting the alt-A lending market as the mortgage landscape continues to deteriorate.
|
|
|
Out of the Gate: AutoZone
Sep 18 2007 9:02AM (CT)
NEW YORK (AP) - Shares of AutoZone Inc. edged higher in early trading, as analysts said they don't expect a significant selloff, despite the company reporting lower-than-expected fiscal fourth-quarter sales and profit.
|
|
|
Out of the Gate: AutoZone
Sep 18 2007 9:02AM (CT)
NEW YORK (AP) - Shares of AutoZone Inc. edged higher in early trading, as analysts said they don't expect a significant selloff, despite the company reporting lower-than-expected fiscal fourth-quarter sales and profit.
|
|
|
Out of the Gate: UTStarcom
Sep 18 2007 9:02AM (CT)
NEW YORK (AP) - Shares of UTStarcom Inc. rose in early trading Tuesday, after the telecommunications equipment maker issued an update on its strategies to return to sustainable revenue growth and profitability.
|
|
|
Out of the Gate: Millennium Pharma rises
Sep 18 2007 9:01AM (CT)
NEW YORK (AP) - Shares of Millennium Pharmaceuticals Inc. rose Tuesday morning after the company said a late-stage clinical trial showed its drug Velcade is effective in treating newly-diagnosed cases of multiple myeloma.
|
|
|
Dollar edges higher against euro
Sep 18 2007 5:47AM (CT)
FRANKFURT, Germany (AP) - The dollar edged up slightly against the euro on Tuesday as markets looked to a meeting of the U.S. Federal Reserve Bank, which appeared poised to lower interest rates for the first time since 2003.
|
|
|
U.S. dollar mostly up in trading
Sep 18 2007 5:32AM (CT)
LONDON (AP) - The U.S. dollar was mostly higher against other major currencies in European trading Tuesday. Gold rose.
|
|
|
U.S. dollar mostly up in trading
Sep 18 2007 5:32AM (CT)
LONDON (AP) - The U.S. dollar was mostly higher against other major currencies in European trading Tuesday. Gold rose.
|
|
|
Merck sued for Medicaid fraud
Sep 18 2007 2:46AM (CT)
NEW YORK (AP) - The state and city sued Merck & Co. Inc. on Monday, accusing the drugmaker of defrauding Medicaid and other government insurance programs by hiding the risks of heart problems associated with its pain medication Vioxx.
|
|
|
Americans OK about buying US produced food
Sep 18 2007 2:25AM (CT)
DES MOINES, Iowa (AP) - Americans feel better about buying food produced in the United States than overseas and believe food grown locally is healthier than food shipped from across the country, a new survey shows.
|
|
|
Increase in oil, gas drilling projected
Sep 18 2007 12:23AM (CT)
BILLINGS, Mont. (AP) - Oil and gas drilling on federal lands across the Rocky Mountain West could increase by more than 160 percent over the next two decades due in part to pro-industry regulations enacted by the Bush administration, according to a report by an environmental group.
|
|
|
|
|
|