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Group wants out of $25B Sallie Mae deal
Sep 26 2007 11:07PM (CT)
WASHINGTON (AP) - A group of investors that had planned to buy student lender Sallie Mae for $25 billion now wants out of the deal, saying the current economic environment and legislation being signed by President Bush on Thursday make the terms no longer acceptable.
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GM, UAW win in contract deal
Sep 26 2007 7:36PM (CT)
DETROIT (AP) - General Motors Corp. won its struggle to unload $51 billion in retiree health costs and improve competitiveness in the latest round of contract talks with the United Auto Workers, but not without a short-lived strike that wrung promises out of GM to keep jobs at U.S. plants.
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GM, UAW win in contract deal
Sep 26 2007 7:36PM (CT)
DETROIT (AP) - General Motors Corp. won its struggle to unload $51 billion in retiree health costs and improve competitiveness in the latest round of contract talks with the United Auto Workers, but not without a short-lived strike that wrung promises out of GM to keep jobs at U.S. plants.
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Chinese-made jewelry and toys recalled
Sep 26 2007 7:03PM (CT)
WASHINGTON (AP) - Toys and children's necklaces made in China were recalled Wednesday, including five more items from the popular Thomas & Friends Wooden Railway product line, because they contain dangerous levels of lead.
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Buffett may consider Bear Stearns stake
Sep 26 2007 6:07PM (CT)
OMAHA, Neb. (AP) - Legendary investor Warren Buffett may be considering buying a minority stake in the nation's fifth-largest investment bank, according to a New York Times report.
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Senators question credit rating agencies
Sep 26 2007 5:33PM (CT)
WASHINGTON (AP) - Executives from major credit rating agencies on Wednesday were accused by senators of being hampered by conflicts of interest that may have contributed to the mortgage market turmoil rattling investors worldwide.
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Honda, Toyota lead in fuel efficiency
Sep 26 2007 5:32PM (CT)
WASHINGTON (AP) - Honda and Toyota offered U.S. consumers the highest average fuel efficiency of 2007 model year vehicles, the government reported Wednesday.
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Wendy's franchise owner want to make bid
Sep 26 2007 5:28PM (CT)
COLUMBUS, Ohio (AP) - The owner of 134 Wendy's restaurants wants to make a bid for the nation's No. 3 hamburger chain with two private-equity firms.
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Chevron approves $15B buyback program
Sep 26 2007 5:25PM (CT)
SAN FRANCISCO (AP) - Enriched by high oil prices, Chevron Corp. will spend up to $15 billion buying back its own stock _ a commitment that pleased shareholders and rankled critics clamoring for bigger investments in projects that might help lower energy costs.
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Chevron approves $15B buyback program
Sep 26 2007 5:25PM (CT)
SAN FRANCISCO (AP) - Enriched by high oil prices, Chevron Corp. will spend up to $15 billion buying back its own stock _ a commitment that pleased shareholders and rankled critics clamoring for bigger investments in projects that might help lower energy costs.
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Nasdaq, Borse Dubai raise OMX bid
Sep 26 2007 5:18PM (CT)
STOCKHOLM, Sweden (AP) - Nasdaq and Borse Dubai said Wednesday they raised their bid for Sweden's OMX exchange by 15 percent to $4.9 billion and entered agreements with key shareholders to secure nearly half of OMX shares.
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Treasurys end higher on strong auction
Sep 26 2007 5:15PM (CT)
NEW YORK (AP) - Treasury prices closed higher Wednesday, bolstered by surprisingly strong investor demand in a government sale of $18 billion in new 2-year Treasurys.
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Treasurys end higher on strong auction
Sep 26 2007 5:15PM (CT)
NEW YORK (AP) - Treasury prices closed higher Wednesday, bolstered by surprisingly strong investor demand in a government sale of $18 billion in new 2-year Treasurys.
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Gov't computer fails to track royalties
Sep 26 2007 4:28PM (CT)
WASHINGTON (AP) - A $150 million computer system that is supposed to help the government keep track of oil and gas royalties has been a "profound failure," contributing to possibly millions of dollars in lost revenue, according to Interior Department investigators.
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Dollar recovers after new low vs. euro
Sep 26 2007 4:25PM (CT)
NEW YORK (AP) - The dollar recovered slightly against major currencies Wednesday despite more lackluster economic data, but not before hitting another record low against the euro.
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Wheat prices surge to new high
Sep 26 2007 3:19PM (CT)
NEW YORK (AP) - Wheat prices peaked Wednesday in advance of a government report expected to show robust export sales, with foreign demand for U.S. wheat intensifying as world stockpiles dwindle.
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Wheat prices surge to new high
Sep 26 2007 3:19PM (CT)
NEW YORK (AP) - Wheat prices peaked Wednesday in advance of a government report expected to show robust export sales, with foreign demand for U.S. wheat intensifying as world stockpiles dwindle.
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Oil closes above $80 after late rally
Sep 26 2007 2:37PM (CT)
NEW YORK (AP) - Oil futures ended higher Wednesday, closing above $80 a barrel as a turbulent day ended with a late rally led by investors who saw an early price dip as a buying opportunity.
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Automakers hit with Canada lawsuit
Sep 26 2007 1:46PM (CT)
TORONTO (AP) - North American auto manufacturers have been slapped with a $2-billion class action lawsuit by four Toronto residents who claim the auto industry conspired to inflate the price of automobiles in Canada and also inhibited cross-border vehicle shopping on the strong Canadian dollar.
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Automakers hit with Canada lawsuit
Sep 26 2007 1:46PM (CT)
TORONTO (AP) - North American auto manufacturers have been slapped with a $2-billion class action lawsuit by four Toronto residents who claim the auto industry conspired to inflate the price of automobiles in Canada and also inhibited cross-border vehicle shopping on the strong Canadian dollar.
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H&M 3Q profit rises 25 percent
Sep 26 2007 12:28PM (CT)
STOCKHOLM, Sweden (AP) - Hennes & Mauritz AB, Europe's second-largest clothing retailer, said Wednesday its third-quarter net profit jumped 25 percent, boosted by high summer sales.
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Italian wine production at 50-year low
Sep 26 2007 12:21PM (CT)
SOAVE, Italy (AP) - The time-honored traditions of Italian winemaking have been thrown out of rhythm by the earliest harvest on record in 70 years.
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Italian wine production at 50-year low
Sep 26 2007 12:21PM (CT)
SOAVE, Italy (AP) - The time-honored traditions of Italian winemaking have been thrown out of rhythm by the earliest harvest on record in 70 years.
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Italian wine production at 50-year low
Sep 26 2007 12:21PM (CT)
SOAVE, Italy (AP) - The time-honored traditions of Italian winemaking have been thrown out of rhythm by the earliest harvest on record in 70 years.
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Italian wine production at 50-year low
Sep 26 2007 12:21PM (CT)
SOAVE, Italy (AP) - The time-honored traditions of Italian winemaking have been thrown out of rhythm by the earliest harvest on record in 70 years.
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Italian wine production at 50-year low
Sep 26 2007 12:21PM (CT)
SOAVE, Italy (AP) - The time-honored traditions of Italian winemaking have been thrown out of rhythm by the earliest harvest on record in 70 years.
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Italian wine production at 50-year low
Sep 26 2007 12:21PM (CT)
SOAVE, Italy (AP) - The time-honored traditions of Italian winemaking have been thrown out of rhythm by the earliest harvest on record in 70 years.
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At work with Big Bird's 'feather man'
Sep 26 2007 12:20PM (CT)
NEW YORK (AP) - Drag queens, carnival kings, Big Bird and John Travolta are all in a day's work to Jon Coles, whose company has outfitted all of them with feathers.
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At work with Big Bird's 'feather man'
Sep 26 2007 12:20PM (CT)
NEW YORK (AP) - Drag queens, carnival kings, Big Bird and John Travolta are all in a day's work to Jon Coles, whose company has outfitted all of them with feathers.
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At work with Big Bird's 'feather man'
Sep 26 2007 12:20PM (CT)
NEW YORK (AP) - Drag queens, carnival kings, Big Bird and John Travolta are all in a day's work to Jon Coles, whose company has outfitted all of them with feathers.
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At work with Big Bird's 'feather man'
Sep 26 2007 12:20PM (CT)
NEW YORK (AP) - Drag queens, carnival kings, Big Bird and John Travolta are all in a day's work to Jon Coles, whose company has outfitted all of them with feathers.
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At work with Big Bird's 'feather man'
Sep 26 2007 12:20PM (CT)
NEW YORK (AP) - Drag queens, carnival kings, Big Bird and John Travolta are all in a day's work to Jon Coles, whose company has outfitted all of them with feathers.
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At work with Big Bird's 'feather man'
Sep 26 2007 12:20PM (CT)
NEW YORK (AP) - Drag queens, carnival kings, Big Bird and John Travolta are all in a day's work to Jon Coles, whose company has outfitted all of them with feathers.
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At work with Big Bird's 'feather man'
Sep 26 2007 12:20PM (CT)
NEW YORK (AP) - Drag queens, carnival kings, Big Bird and John Travolta are all in a day's work to Jon Coles, whose company has outfitted all of them with feathers.
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At work with Big Bird's 'feather man'
Sep 26 2007 12:20PM (CT)
NEW YORK (AP) - Drag queens, carnival kings, Big Bird and John Travolta are all in a day's work to Jon Coles, whose company has outfitted all of them with feathers.
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At work with Big Bird's 'feather man'
Sep 26 2007 12:20PM (CT)
NEW YORK (AP) - Drag queens, carnival kings, Big Bird and John Travolta are all in a day's work to Jon Coles, whose company has outfitted all of them with feathers.
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At work with Big Bird's 'feather man'
Sep 26 2007 12:20PM (CT)
NEW YORK (AP) - Drag queens, carnival kings, Big Bird and John Travolta are all in a day's work to Jon Coles, whose company has outfitted all of them with feathers.
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At work with Big Bird's 'feather man'
Sep 26 2007 12:20PM (CT)
NEW YORK (AP) - Drag queens, carnival kings, Big Bird and John Travolta are all in a day's work to Jon Coles, whose company has outfitted all of them with feathers.
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At work with Big Bird's 'feather man'
Sep 26 2007 12:20PM (CT)
NEW YORK (AP) - Drag queens, carnival kings, Big Bird and John Travolta are all in a day's work to Jon Coles, whose company has outfitted all of them with feathers.
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Demand for durable goods plummets
Sep 26 2007 11:06AM (CT)
WASHINGTON (AP) - Demand for big-ticket manufactured goods plunged in August by the largest amount in seven months, with widespread weakness signaling a slowdown in the nation's industrial sector.
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Demand for durable goods plummets
Sep 26 2007 11:06AM (CT)
WASHINGTON (AP) - Demand for big-ticket manufactured goods plunged in August by the largest amount in seven months, with widespread weakness signaling a slowdown in the nation's industrial sector.
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Nasdaq, Borse Dubai raise bid for OMX
Sep 26 2007 7:51AM (CT)
STOCKHOLM, Sweden (AP) - Nasdaq and Borse Dubai said Wednesday they raised their bid for Sweden's OMX exchange by 15 percent to $4.9 billion and entered agreements with key shareholders to secure nearly half of OMX shares.
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Potato farmers adopting new safety rules
Sep 26 2007 2:33AM (CT)
MANDAN, N.D. (AP) - As potato farmers harvest this year's crop, many are being held for the first time to guidelines aimed at preventing a food safety scare similar to the deadly E. coli outbreak in spinach last year.
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