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Latin American firms eye U.S. market
Sep 20 2006 11:45PM (CT)
PHILADELPHIA (AP) - Three weeks out of every month, Luis Almeida sits in his office in Cicero, Ill., thousands of miles away from his family in Mexico City. The businessman suffers through his absence from them _ and puts up with the state's famous bone-chilling winters and humid summers _ for one reason. Actually, for billions of reasons: the dollars spent each year by Hispanics in the United States.
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Fed keeps interest rates at 5.25 percent
Sep 20 2006 11:30PM (CT)
WASHINGTON (AP) - The Federal Reserve gave America's borrowers a break and held interest rates steady for a second straight month, part of a strategy to put the economy on an even keel.
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Oil prices rebound in Asian trading
Sep 20 2006 10:31PM (CT)
SINGAPORE (AP) - Oil prices rebounded slightly Thursday as traders took advantage of a drop in prices the day before sparked by a surge in U.S. distillate supplies.
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Wal-Mart to study generic drug sales
Sep 20 2006 10:24PM (CT)
NEW YORK (AP) - Wal-Mart Stores Inc. will test a program to sell generic prescription drugs to its workers and customers at reduced prices, according to a newspaper report.
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Japanese stocks mixed; dollar down
Sep 20 2006 10:20PM (CT)
TOKYO (AP) - Japanese stocks were mixed at midday Thursday as profit-taking lessened the impact of an overnight rise on Wall Street and a fall in oil prices. The dollar was lower against the yen.
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Paulson urges China to open up markets
Sep 20 2006 9:50PM (CT)
BEIJING (AP) - U.S. Treasury Secretary Henry Paulson on Thursday called on China to open its financial markets wider to foreign competition, saying it was in the country's interests to do so and would boost prosperity.
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More questions arise over HP scandal
Sep 20 2006 9:12PM (CT)
SAN FRANCISCO (AP) - Hewlett-Packard Co.'s chief ethics officer learned the company's detectives were relying on shady tactics to gather private phone records long before a boardroom battle over media leaks triggered criminal and congressional investigations into the privacy intrusions.
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Morgan Stanley 3Q profit surpasses views
Sep 20 2006 4:01PM (CT)
NEW YORK (AP) - Investment banking firm Morgan Stanley on Wednesday said its third-quarter profit surged on stronger investment-banking and trading business, surpassing analysts' expectations.
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Circuit City 2Q earnings beat estimates
Sep 20 2006 3:56PM (CT)
RICHMOND, Va. (AP) - Circuit City Stores Inc. on Wednesday said second-quarter profit jumped more than sevenfold, beating Wall Street's expectations, as it benefited from increased sales in flat-panel televisions and digital-imaging products and accessories. It also boosted the lower end of its sales growth forecast for the year.
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Gold, silver up before Fed decision
Sep 20 2006 3:45PM (CT)
NEW YORK (AP) - Gold and silver futures closed higher Wednesday as market participants squared positions ahead of a meeting of the Federal Open Market Committee, analysts said.
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Gold, silver up before Fed decision
Sep 20 2006 3:45PM (CT)
NEW YORK (AP) - Gold and silver futures closed higher Wednesday as market participants squared positions ahead of a meeting of the Federal Open Market Committee, analysts said.
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Educator's work exposes business scandal
Sep 20 2006 1:46PM (CT)
IOWA CITY, Iowa (AP) - A framed single share of Enron Corp. stock hangs on the wall of University of Iowa finance professor Erik Lie's office. The stock, purchased in 2002 when Enron's value hit rock bottom, features the inscription "Respect. Integrity. Communication. Excellence." That served as the disgraced energy company's corporate slogan.
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Toyota aims to boost world sales in 2008
Sep 20 2006 12:16PM (CT)
TOKYO (AP) - Toyota announced an ambitious plan Wednesday to boost global sales to 9.8 million vehicles in 2008 _ driving home a message of stellar success as its troubled U.S. rivals are closing plants and scaling back production.
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AP: FTC yet to pay ChoicePoint victims
Sep 20 2006 12:03PM (CT)
ATLANTA (AP) - Nearly eight months after federal regulators trumpeted a settlement they secured with ChoicePoint Inc. over a data breach, the government has not paid any money to victims from a $5 million fund that was to be set up as part of the agreement.
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Boeing wins contract for border security
Sep 20 2006 10:58AM (CT)
WASHINGTON (AP) - Boeing Co. will be awarded an $80 million government contract to provide new high-tech ways to catch illegal immigrants trying to cross U.S. land borders, a congressional aide said.
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GAO: Better info on mortgage risks
Sep 20 2006 10:39AM (CT)
WASHINGTON (AP) - Federal regulators need to do a better job of explaining to people the workings and potential risks of interest-only and other nontraditional mortgages, congressional investigators said Wednesday.
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BP plans $3B investment at Indiana plant
Sep 20 2006 9:52AM (CT)
WHITING, Ind. (AP) - BP plans to invest $3 billion in its Whiting oil refinery so it can process heavy Canadian crude oil, increasing its production of motor fuels by about 15 percent.
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AIG names ex-Citigroup chief as chairman
Sep 20 2006 8:16AM (CT)
NEW YORK (AP) - Robert B. Willumstad, who left Citigroup Inc. after being passed over for the top management job, has been selected as the new chairman of the board of American International Group Inc., one of the world's largest insurance companies.
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Thai military coup rattles markets
Sep 20 2006 4:47AM (CT)
SINGAPORE (AP) - Thailand's unexpected overnight military coup rattled Asian financial markets Wednesday and pressured the Thai baht and other regional currencies, though its economic repercussions remained unclear.
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IMF-World Bank annual meeting ends
Sep 20 2006 3:46AM (CT)
SINGAPORE (AP) - The International Monetary Fund and the World Bank said Wednesday they were watching closely for any economic fallout from a military coup in Thailand, and agreed at the end of their meetings on the need to revive global trade talks and curb risks to global growth.
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Witness: Internet idol unaware of scheme
Sep 20 2006 3:32AM (CT)
TOKYO (AP) - A major witness in the trial of a disgraced Japanese Internet maverick contradicted his earlier statements, testifying Wednesday that he believes the entrepreneur didn't know about the dubious dealings he is charged with.
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Kan. farmers to plant winter wheat crops
Sep 20 2006 3:13AM (CT)
WICHITA, Kan. (AP) - From inside his combine, Beloit farmer Michael Jordan worked methodically to cut his drought-stressed field of sunflowers.
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Thai officials leave IMF meeting
Sep 20 2006 2:29AM (CT)
SINGAPORE (AP) - Thai financial officials attending an annual IMF-World Bank meeting in Singapore were rushing home following a military coup in Bangkok early Wednesday.
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Oracle first-quarter profit, shares soar
Sep 20 2006 2:19AM (CT)
SAN FRANCISCO (AP) - Oracle Corp. Chief Executive Larry Ellison showed his notorious competitive streak Tuesday, when the business software maker reported first-quarter profit jumped 29 percent and revenue soared 30 percent.
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