Latest Business News
Economic Figures
Dollar & Gold News
Board of Trade News
Personal Finance
|
|
|
|
|
|
Japanese stocks rally after PM election
Sep 26 2006 11:02PM (CT)
TOKYO (AP) - Japanese stocks surged early Wednesday following the election of Prime Minister Shinzo Abe and an overnight advance on Wall Street on upbeat consumer confidence data.
|
|
|
Enron's Fastow gets 6-year sentence
Sep 26 2006 10:27PM (CT)
HOUSTON (AP) - Andrew Fastow, the mastermind behind financial schemes that doomed Enron Corp., was sentenced Tuesday to six years in prison _ four years less than he had agreed to in a plea bargain _ by a judge who felt he deserved leniency.
|
|
|
Consumer confidence higher than expected
Sep 26 2006 8:42PM (CT)
NEW YORK (AP) - Falling gasoline prices helped ease American shoppers' worries in September, sending a gauge of consumer sentiment higher than analysts expected.
|
|
|
Federal jury rules in favor Merck
Sep 26 2006 7:33PM (CT)
NEW ORLEANS (AP) - A federal jury ruled in favor of Merck & Co. Inc. on Tuesday in a lawsuit over the painkiller Vioxx, finding there was not enough evidence to link the drug to a Kentucky man's heart attack.
|
|
|
Ex-WorldCom CEO reports to La. prison
Sep 26 2006 5:11PM (CT)
OAKDALE, La. (AP) - Former WorldCom chief Bernard Ebbers drove through the gates of a federal prison Tuesday to begin a 25-year sentence for his role in the $11 billion accounting fraud that toppled the company he built from a tiny telecommunications firm to an industry giant.
|
|
|
Gold, silver edge higher
Sep 26 2006 4:52PM (CT)
NEW YORK (AP) - Gold prices rose Tuesday in what was described as largely technical oriented trading, shaking off the effects of a stronger U.S. dollar, analysts said.
|
|
|
Lower AK work force may help end lockout
Sep 26 2006 4:34PM (CT)
CINCINNATI (AP) - The number of workers at AK Steel's Middletown Works is shrinking as more union employees retire, and that could be a key to settling the seven-month-old lockout as the steel maker pushes for a smaller work force.
|
|
|
1,400 more Delphi workers take buyouts
Sep 26 2006 4:10PM (CT)
DETROIT (AP) - Another 1,400 hourly workers have decided to accept auto supplier Delphi Corp.'s buyout offers, meaning that the struggling company will lose more than 70 percent of its work force by the end of the year.
|
|
|
Lennar profit drops 39 percent
Sep 26 2006 3:42PM (CT)
MIAMI (AP) - Lennar Corp., one of the nation's top homebuilders, reported a 39 percent slide in third-quarter profits Tuesday and lowered its outlook for the fourth quarter as the housing market continued to slow down. Revenues rose as the company worked to reduce inventory.
|
|
|
Health insurance is twice inflation rate
Sep 26 2006 3:33PM (CT)
WASHINGTON (AP) - Workers won't find much comfort in the smallest increase in health insurance premiums since 1999. The 7.7 percent increase this year was still more than twice the rate of inflation.
|
|
|
Oil prices drop to $61 a barrel
Sep 26 2006 3:07PM (CT)
WASHINGTON (AP) - Oil prices fell to $61 a barrel in choppy trade Tuesday as brokers weighed a healthy supply-demand balance against the possibility of an OPEC production cut.
|
|
|
Intel chief warns on health care system
Sep 26 2006 1:43PM (CT)
WASHINGTON (AP) - Intel Corp. chairman Craig Barrett warned Tuesday that U.S. jobs will continue to move offshore at a rapid pace unless corporate America exerts its power to force the health care industry to adopt systems that will cut costs and improve efficiency.
|
|
|
J&J sues Boston Scientific over Guidant
Sep 26 2006 12:32PM (CT)
TRENTON, N.J. (AP) - Months after health care giant Johnson & Johnson lost a bidding war for medical device maker Guidant Corp., J&J is suing the winner, Boston Scientific Corp., and Abbott Laboratories, alleging the two companies breached J&J's merger agreement with Guidant.
|
|
|
GM-Nissan talks reportedly productive
Sep 26 2006 8:59AM (CT)
DETROIT (AP) - Discussions about a possible three-way alliance between General Motors Corp., Renault SA and Nissan Motor Co. have found several areas for useful collaboration, but GM so far has been skeptical of the benefits, a Renault executive said, according to published reports.
|
|
|
Survey says U.S. down in competitiveness
Sep 26 2006 8:46AM (CT)
GENEVA (AP) - U.S. economic competitiveness fell significantly over the last year, as high budget and trade deficits hurt America's business environment, according to a survey released Tuesday by the World Economic Forum.
|
|
|
Shanghai probe may implicate others
Sep 26 2006 6:28AM (CT)
BEIJING (AP) - A corruption probe that brought down Shanghai's top leader is progressing further and others might be implicated, a Communist Party anti-graft official said Tuesday.
|
|
|
Abe names team of financial ministers
Sep 26 2006 5:34AM (CT)
TOKYO (AP) - Prime Minister Shinzo Abe, freshly elected but under fire for vague economic policies, rolled out a crack team of top financial ministers Tuesday that combines academic know-how with veteran experience to keep the recovery of the world's second-largest economy from fizzling.
|
|
|
Shanghai probe may implicate others
Sep 26 2006 4:43AM (CT)
BEIJING (AP) - A corruption probe that brought down Shanghai's top leader is progressing further and others might be implicated, the ruling Communist Party's chief anti-graft official said Tuesday.
|
|
|
Trial of Japan Internet kingpin unfolds
Sep 26 2006 4:40AM (CT)
TOKYO (AP) - A key prosecution witness in the trial of a disgraced Japanese Internet maverick acknowledged under cross-examination by defense attorneys Tuesday that his memory was hazy about pivotal claims he made in earlier testimony.
|
|
|
Abe urged to repair public finances
Sep 26 2006 4:32AM (CT)
TOKYO (AP) - Outgoing Finance Minister Sadakazu Tanigaki urged newly elected Prime Minister Shinzo Abe on Tuesday to restore the Japanese government's tattered fiscal health and clarify his strategy to ensure continued economic growth.
|
|
|
GM to launch ad campaign for Silverado
Sep 26 2006 3:54AM (CT)
DETROIT (AP) - General Motors Corp. is hoping a new flag-waving anthem by John Mellencamp combined with iconic American imagery will help the redesigned Chevrolet Silverado become the country's No. 1 pickup. The ad campaign, which begins Friday, is part of an escalating battle over a lucrative but shrinking segment.
|
|
|
Judge halts petroleum reserve lease sale
Sep 26 2006 3:20AM (CT)
ANCHORAGE, Alaska (AP) - A federal judge has halted the sale of federal oil leases on a portion of Alaska's North Slope that environmentalists have pinpointed as a haven for migratory birds and calving caribou.
|
|
|
Experts: U.S. must protect food supply
Sep 26 2006 1:56AM (CT)
KANSAS CITY, Mo. (AP) - The United States needs to continue taking steps to protect its food supply from terrorism just as it would its buildings, airports and other infrastructure, FBI deputy director John S. Pistole said.
|
|
|
|
|
|