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Boeing, Machinists union reach agreement
Sep 25 2005 10:09PM (CT)
SEATTLE (AP) - The Boeing Co. and its Machinists union have reached a tentative contract agreement, which if approved would end a three-week strike that shut down the company's airplane production.
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U.S. retail gas prices drop 20 cents
Sep 25 2005 9:37PM (CT)
CAMARILLO, Calif. (AP) - Retail gas prices dropped an average 20 cents in the past two weeks because of decreased demand and a comeback by Gulf Coast refineries that were hurt by Hurricane Katrina, according to a nationwide survey released Sunday.
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Insurers likely dodge bullet from Rita
Sep 25 2005 5:46PM (CT)
NEW YORK (AP) - Insured losses from Hurricane Rita are expected to be considerably lower than those for Hurricane Katrina, since Rita lost speed before it hit land and largely missed the densely populated cities of Houston and Galveston.
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Venezuela creating state iron producer
Sep 25 2005 5:40PM (CT)
CARACAS, Venezuela (AP) - Venezuelan President Hugo Chavez said Sunday his government would invest $1 billion (euro830 million) in a new state iron and steel production company.
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Insurers likely dodge bullet from Rita
Sep 25 2005 5:35PM (CT)
NEW YORK (AP) - Insured losses from Hurricane Rita are expected to be considerably lower than those for Hurricane Katrina, since Rita lost speed before it hit land and largely missed the densely populated cities of Houston and Galveston.
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Crude futures fall in rare Sunday trading
Sep 25 2005 5:31PM (CT)
NEW YORK (AP) - Crude oil futures fell sharply in an unusual Sunday trading session as it appeared that oil rig and refinery damage from Hurricane Rita was less than originally feared.
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Economist sees 'modest' hurricane impact
Sep 25 2005 5:17PM (CT)
WASHINGTON (AP) - The president's top economist said Sunday that hurricanes Katrina and Rita will have a modest impact on the U.S. economy.
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Rita, no Katrina, may boost U.S. stocks
Sep 25 2005 5:09PM (CT)
NEW YORK (AP) - To say Hurricane Rita wasn't "that bad" obviously minimizes the loss of life and immense damage suffered along the Texas and Louisiana coasts. But from the stock market's point of view, Rita was no Katrina. And that may bode well this week for Wall Street.
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No panic seen for fuel after Rita hits
Sep 25 2005 5:02PM (CT)
HOUSTON (AP) - Consumers may still be clamoring for fuel in the wake of Hurricane Rita, but the panic and mad rush seen after Hurricane Katrina has not materialized, industry officials said.
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Most stores closed for Rita have reopened
Sep 25 2005 4:56PM (CT)
NEW YORK (AP) - Retailers including Wal-Mart Stores Inc. said Sunday that most of their stores forced to close because of Hurricane Rita have reopened and are restocking their shelves as they wait for residents to return home.
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Most stores closed for Rita have reopened
Sep 25 2005 4:53PM (CT)
NEW YORK (AP) - Retailers including Wal-Mart Stores Inc. said Sunday that most of their stores forced to close because of Hurricane Rita have reopened and are restocking their shelves as they wait for residents to return home.
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Crews survey Rita's damage to phones
Sep 25 2005 3:47PM (CT)
NEW YORK (AP) - Telephone and cell phone outages persisted in parts of Texas and Louisiana Sunday, and telecommunication companies had crews out surveying and repairing the damage caused by Hurricane Rita.
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Leaders nail down plan for debt relief
Sep 25 2005 2:57PM (CT)
WASHINGTON (AP) - Financial leaders, wrapping up three days of talks on Sunday, nailed down a landmark plan to wipe out poor countries' debt and explored ways to limit the fallout from rising energy prices.
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Dubai seeks global financial role
Sep 25 2005 1:50PM (CT)
DUBAI, United Arab Emirates (AP) - This week's opening of an international stock exchange in this booming city marks another step toward Dubai's goal to become the global financial hub between Hong Kong and Frankfurt.
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Porsche plans to acquire stake in VW
Sep 25 2005 1:07PM (CT)
BERLIN (AP) - Luxury sports car maker Porsche AG said Sunday it plans to acquire a stake of about 20 percent in Volkswagen AG, a move aimed at strengthening ties between the automakers and preventing a future hostile takeover of Volkswagen.
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Crude futures fall in rare Sunday trading
Sep 25 2005 11:52AM (CT)
NEW YORK (AP) - Crude oil futures fell sharply in unusual Sunday trading as it appeared that oil rig and refinery damage from Hurricane Rita was less than originally feared.
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Landmark debt forgiveness nears passage
Sep 25 2005 10:07AM (CT)
WASHINGTON (AP) - A landmark agreement to forgive billions of dollars of debt for poor countries sailed toward final approval by finance ministers after the International Monetary Fund agreed how to pay for it.
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Airlines resume Houston flights
Sep 25 2005 9:38AM (CT)
HOUSTON (AP) - Commercial airlines resumed service Sunday at Houston airports that were shut down Friday before Hurricane Rita landed.
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Rita likely to spark rise in gas prices
Sep 25 2005 5:13AM (CT)
HOUSTON (AP) - The millions of Texans who fled Houston and other Gulf Coast cities to avoid Hurricane Rita are likely to pay higher prices for gasoline _ if they can find it _ on their return trips home.
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