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China Merchants Bank IPO makes debut
Sep 21 2006 11:36PM (CT)
HONG KONG (AP) - China Mercants Bank made a strong debut Friday in early trading on Hong Kong's stock market as another Chinese lender _ the country's biggest _ got ready to kick off what could be the world's largest initial public offering.
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Japanese stocks drop; dollar down
Sep 21 2006 11:33PM (CT)
TOKYO (AP) - Japanese stocks fell Friday morning amid worries about a slowdown in the U.S. economy, Japan's biggest export market. Exporters and pharmaceutical firms led the decline.
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Palm 1Q earnings tumble to $16.5 million
Sep 21 2006 11:18PM (CT)
SAN JOSE, Calif. (AP) - Tougher competition and stock-option expenses hurt Palm Inc.'s fiscal first-quarter profits, yet investors seemed cheered by the company's strategy for future growth.
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Nike: Outlook good despite 1Q earnings
Sep 21 2006 11:13PM (CT)
BEAVERTON, Ore. (AP) - They have become something of a tag-team trio when the calendar puts them on the spot for the quarterly earnings report for Nike Inc., and this week was another chance to wrestle the numbers _ in this case, to explain how sales could be up 9 percent while profits took a 13 percent tumble for the largest athletic shoe maker in the world.
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Sony cuts price of PlayStation 3 to $410
Sep 21 2006 11:03PM (CT)
TOKYO (AP) - Sony Corp. said Friday it will lower the price of its much-anticipated PlayStation 3 video game console, heating up the competition in the next-generation gaming war against rivals Microsoft and Nintendo.
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Starbucks raises prices of coffee drinks
Sep 21 2006 10:49PM (CT)
SEATTLE (AP) - Got three bucks? That and a nickel will buy you a coffee drink at Starbucks. Starbucks Corp. said Thursday that it planned to raise prices of its lattes, cappuccinos, drip coffee and other drinks by 5 cents, or an average of 1.9 percent.
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Oil prices rebound in Asian trading
Sep 21 2006 10:43PM (CT)
SINGAPORE (AP) - Oil prices rose in Asian trading Friday, rebounding from a midweek drop triggered by figures showing a surge in U.S. distillate supplies.
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Tribune restructuring 2 partnerships
Sep 21 2006 10:31PM (CT)
CHICAGO (AP) - Tribune Co. announced Thursday night that it is restructuring two complex partnerships with the Chandler family, its largest single shareholder, clearing the way for the struggling media company to pursue new initiatives by year's end.
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Billionaires only occupy Forbes 400 list
Sep 21 2006 10:11PM (CT)
NEW YORK (AP) - For the first time, Forbes magazine's list of the 400 richest Americans consists exclusively of people worth $1 billion or more. As a group, the people who made the rankings released Thursday are worth a record $1.25 trillion, compared with $1.13 trillion last year.
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Wal-Mart to cut prices for generic drugs
Sep 21 2006 8:29PM (CT)
NEW YORK (AP) - Wal-Mart, the world's largest retailer, plans to slash the prices of almost 300 generic prescription drugs, offering a big lure for bargain-seeking customers and presenting a challenge to competing pharmacy chains and makers of generic drugs.
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HP stock off on Hurd role in spy program
Sep 21 2006 7:07PM (CT)
SAN FRANCISCO (AP) - The probe into who-knew-what-when about Hewlett-Packard Co.'s spying schemes threatened to reach into the chief executive's office, rattling investors who feared that the world's largest technology company might be sailing into a perfect storm.
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Treasury yields at 6-month lows
Sep 21 2006 4:43PM (CT)
NEW YORK (AP) - Treasury bond prices surged Thursday, pushing yields to six-month lows following a sharp decline in a key regional manufacturing report.
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Brazil, Bolivia to address energy crisis
Sep 21 2006 4:06PM (CT)
SAO PAULO, Brazil (AP) - Brazilian President Luiz Inacio Lula da Silva insisted Thursday he's taking a tough line in a major energy dispute with Bolivia, and said he'll meet with Bolivian leader Evo Morales to try solve the crisis after Brazil's Oct. 1 presidential elections.
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EADS: Airbus to delay program yet again
Sep 21 2006 2:30PM (CT)
PARIS (AP) - Airbus faces the possibility of crippling A380 order cancellations after its parent company confirmed Thursday that the flagship superjumbo program will be delayed a third time. Emirates, the biggest A380 customer so far, said its 45-plane order was now "up in the air."
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Pan Am to pay ex-workers after 15 years
Sep 21 2006 1:08PM (CT)
NEW YORK (AP) - In the 15 years since Pan American World Airways shut down, Anthony La Pera had assumed he would never get paid for his leftover wages and accrued vacation. But La Pera and another 15,000 former employees can expect to open their mailboxes one day this December and find that a check has arrived, marking the end of the liquidation of an iconic airline.
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Workers: Talks with Northwest at impasse
Sep 21 2006 11:27AM (CT)
MINNEAPOLIS (AP) - Flight attendants at Northwest Airlines Corp. said their talks are at an impasse and asked to be released from further negotiations, one more step toward a potential strike the union has been pushing for since last month.
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Branson plans $3B against global warming
Sep 21 2006 11:09AM (CT)
NEW YORK (AP) - British business mogul Richard Branson said Thursday he would invest about $3 billion to combat global warming over the next decade.
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Cablevision gets subpoena over options
Sep 21 2006 10:31AM (CT)
NEW YORK (AP) - Cablevision Systems Corp., a New York-area cable TV operator, restated its financial results Thursday and disclosed that it had received a grand jury subpoena in connection with improper stock options practices.
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Leading indicators slip in August
Sep 21 2006 10:08AM (CT)
NEW YORK (AP) - A closely watched gauge of future economic activity slipped in August for the second consecutive month, suggesting that the U.S. economy is cooling.
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Emirates may cancel big Airbus order
Sep 21 2006 9:57AM (CT)
DUBAI, United Arab Emirates (AP) - After announcing its order of 45 Airbus A380 jumbo jets was "up in the air," Emirates Airline said Thursday that it wanted the European consortium to clarify the aircraft's delayed delivery schedule.
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FedEx 1st-quarter profit rises 40 pct.
Sep 21 2006 8:36AM (CT)
MEMPHIS, Tenn. (AP) - Express transportation company FedEx Corp. said Thursday its first-quarter profit rose 40 percent, driven by strong demand for ground and international express shipments.
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ConAgra profit falls 66 percent
Sep 21 2006 8:24AM (CT)
OMAHA, Neb. (AP) - ConAgra Foods Inc., one of the largest U.S. packaged-foods companies, said Thursday first-quarter profit from continuing operations fell 66 percent compared with a year-ago quarter that was boosted by a large gain from the sale of a stake in another company.
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Time Warner to sell AOL France for $365M
Sep 21 2006 7:07AM (CT)
NEW YORK (AP) - Time Warner Inc. said Wednesday it agreed to sell AOL France's Internet access business to Neuf Cegetel, a French telecommunications network operator, for about $365 million in cash.
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U.S. pressured to cut farm subsidies
Sep 21 2006 6:44AM (CT)
CAIRNS, Australia (AP) - Europe and Japan on Thursday stepped up pressure on the United States to make dramatic reductions in domestic farm subsidies, warning Washington must move quickly to save the current round of global trade talks from complete collapse.
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Calif. sues 6 automakers over emissions
Sep 21 2006 6:24AM (CT)
SACRAMENTO, Calif. (AP) - California is suing the auto industry over tailpipe emissions, marking the first time a state has sought monetary damages for the impact of global warming by vehicles.
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Alaska dividend checks end 5-year slide
Sep 21 2006 5:39AM (CT)
ANCHORAGE, Alaska (AP) - Almost every Alaskan will be $1,106.96 richer this year, thanks to dividend checks from the state's oil royalty investment program distributed annually to eligible residents just for living here.
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Former Enron CEO arrested in Dallas
Sep 21 2006 5:38AM (CT)
HOUSTON (AP) - Former Enron CEO Jeffrey Skilling was ticketed for public intoxication earlier this month in Dallas, according to a newspaper report.
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HP chairwoman inducted into Hall of Fame
Sep 21 2006 5:36AM (CT)
SAN FRANCISCO (AP) - Hewlett Packard Inc.'s beleaguered Chairwoman Patricia Dunn was in decidedly friendly territory Wednesday night as she made her first public appearance since landing at the center of a corporate investigation gone awry.
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Experts: Fed could be done raising rates
Sep 21 2006 5:30AM (CT)
WASHINGTON (AP) - It is looking more and more like it could be 17 and done for the Federal Reserve. There is a growing view that after 17 consecutive rate increases, the longest stretch in Fed history, the central bank will keep rates steady for the rest of this year.
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Paulson urges China to open up markets
Sep 21 2006 5:05AM (CT)
BEIJING (AP) - U.S. Treasury Secretary Henry Paulson on Thursday urged Beijing to open its financial markets wider to foreign competition, saying it would benefit ordinary Chinese.
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Iowa seeks manure ban on soybean crops
Sep 21 2006 3:59AM (CT)
DES MOINES, Iowa (AP) - The state's Environmental Protection Commission is closer to implementing a ban on the spreading of manure on land planted with soybeans.
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