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Oracle first-quarter profit, shares soar
Sep 19 2006 10:18PM (CT)
SAN FRANCISCO (AP) - Oracle Corp. said Tuesday its first-quarter profit jumped 29 percent, easily exceeding expectations on record sales across most business lines and geographic regions.
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Japanese stocks fall after Thailand coup
Sep 19 2006 10:00PM (CT)
TOKYO (AP) - Japanese stocks were lower Wednesday at midday in the wake of a military coup in Thailand and Wall Street's overnight fall. The dollar was lower against the yen.
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Fisher-Price unveils T.M.X. Elmo
Sep 19 2006 5:24PM (CT)
EAST AURORA, N.Y. (AP) - Fisher-Price, a unit of Mattel Inc., on Tuesday took the wraps off T.M.X. Elmo, ending months of unprecedented secrecy that's had the toy industry abuzz. Until the unveiling, only about 50 people had seen it. He's still red, fuzzy and really ticklish, but now Elmo's laughing fits have him slapping his knee, falling to the floor, rolling over and pounding his arm.
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Brazil economy to benefit from election
Sep 19 2006 4:43PM (CT)
SAO PAULO, Brazil (AP) - Interest rates are still stiflingly high, anyone starting a business must do battle with mind-numbing bureaucracy and labor laws make it more expensive to fire incompetent workers than keep them on the payroll. But the bottlenecks in Brazil's economy are a far cry from the meltdown many envisioned when President Luiz Inacio Lula da Silva took office in 2003 as nation's first elected leftist leader.
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HP execs to testify before House panel
Sep 19 2006 4:29PM (CT)
WASHINGTON (AP) - As new revelations about Hewlett-Packard Co.'s director spying scandal cascade, Chairwoman Patricia Dunn and the company's general counsel have agreed to testify next week before a House panel investigating the affair.
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Yahoo stock drops on 3Q forecast warning
Sep 19 2006 4:20PM (CT)
SAN FRANCISCO (AP) - Yahoo Inc. warned Tuesday that slowing ad growth will depress its third-quarter results, marking the Internet powerhouse's latest letdown. Investors took out their frustration on the company's stock price, which plunged by more than 11 percent to deepen a yearlong slump.
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Dollar mixed against currencies
Sep 19 2006 3:53PM (CT)
NEW YORK (AP) - The dollar moved mixed against most major currencies Tuesday after a report showed wholesale prices moderating and ahead of the Federal Reserve meeting on Wednesday.
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Dollar mixed against currencies
Sep 19 2006 3:53PM (CT)
NEW YORK (AP) - The dollar moved mixed against most major currencies Tuesday after a report showed wholesale prices moderating and ahead of the Federal Reserve meeting on Wednesday.
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Oil prices settle near six-month low
Sep 19 2006 2:51PM (CT)
WASHINGTON (AP) - The likelihood of finding $2-a-gallon gasoline in some parts of the U.S. is increasing by the day. The nationwide average at the pump is already below $2.50, and with a huge decline in oil and gasoline futures on Tuesday analysts say the outlook for motorists is only getting better.
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Economists wary of falling energy prices
Sep 19 2006 2:08PM (CT)
WASHINGTON (AP) - It should only be this simple: Oil prices plunge 20 percent, leading businesses and consumers to ramp up their spending, which gives a nice jolt to the economy. That seems to be the conventional wisdom on Wall Street right now, where the pullback in energy prices is being cheered by investors. But some contrarians think that view could be missing the point.
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Tribune in hot seat over lagging stock
Sep 19 2006 1:58PM (CT)
CHICAGO (AP) - Faced with circulation declines at its newspapers and with restive shareholders, pressure may be growing on media conglomerate Tribune Co. to take drastic action to boost a lagging stock price.
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States debate licenses for hair braiders
Sep 19 2006 1:22PM (CT)
PHILADELPHIA (AP) - Assatou Balde's hands flick smoothly back and forth above her client's partially uncovered head, quickly weaving strands of hair called microbraids and affixing them to the woman's natural hair.
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2 agencies downgrade Ford credit ratings
Sep 19 2006 1:14PM (CT)
DETROIT (AP) - Two influential agencies lowered Ford Motor Co.'s credit ratings a notch deeper into junk territory Tuesday, four days after the automaker announced a revised turnaround plan that calls for 10,000 more white-collar job cuts and two additional plant closures.
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Fed seen holding interest rates steady
Sep 19 2006 1:03PM (CT)
WASHINGTON (AP) - The Federal Reserve is expected to keep its finger on the interest-rate pause button, giving borrowers more time to catch their breath and savers a chance to lock in some respectable rates.
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IMF reforms not welcomed by all members
Sep 19 2006 12:10PM (CT)
SINGAPORE (AP) - Nearly a decade ago, the International Monetary Fund drew rebukes for prescribing drastic reforms during the Asian economic crisis that erupted in 1997. Today, the IMF is again battling controversy, with some saying its efforts to give more say to emerging economies are not enough.
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Treasury Secretary arrives in China
Sep 19 2006 7:11AM (CT)
HANGZHOU, China (AP) - U.S. Treasury Secretary Henry Paulson arrived Tuesday on a closely watched trip to China amid friction over mounting Chinese trade surpluses and efforts to get Beijing to help revive global commerce talks.
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World finance leaders seek trade talks
Sep 19 2006 4:04AM (CT)
SINGAPORE (AP) - Finance leaders from around the world on Tuesday pressed for reviving global trade talks that fell apart in July, warning that failing to do so would undermine global growth.
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E. coli scare cuts spinach sales
Sep 19 2006 2:23AM (CT)
TRENTON, N.J. (AP) - Almost overnight, the market for spinach has evaporated amid a national health scare, leaving growers nervous as the fall harvest is about to begin.
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Nigeria to restore oil production loss
Sep 19 2006 1:48AM (CT)
SINGAPORE (AP) - Nigeria is working to soon restore losses in oil production because of militant attacks on some pipelines, the country's finance minister said Tuesday.
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