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Latest Business News Archives for October 19, 2007

Powers vow to limit credit crisis damage
Oct 19 2007 11:52PM (CT)
WASHINGTON (AP) - Finance officials from the world's top economic powers pledged Friday to do all they can to limit damage to the global economy from a jarring credit crisis as Wall Street took another plunge.
 
Powers vow to limit credit crisis damage
Oct 19 2007 11:52PM (CT)
WASHINGTON (AP) - Finance officials from the world's top economic powers pledged Friday to do all they can to limit damage to the global economy from a jarring credit crisis as Wall Street took another plunge.
 
Powers vow to limit credit crisis damage
Oct 19 2007 11:52PM (CT)
WASHINGTON (AP) - Finance officials from the world's top economic powers pledged Friday to do all they can to limit damage to the global economy from a jarring credit crisis as Wall Street took another plunge.
 
Powers vow to limit credit crisis damage
Oct 19 2007 11:52PM (CT)
WASHINGTON (AP) - Finance officials from the world's top economic powers pledged Friday to do all they can to limit damage to the global economy from a jarring credit crisis as Wall Street took another plunge.
 
Powers vow to limit credit crisis damage
Oct 19 2007 11:52PM (CT)
WASHINGTON (AP) - Finance officials from the world's top economic powers pledged Friday to do all they can to limit damage to the global economy from a jarring credit crisis as Wall Street took another plunge.
 
Powers vow to limit credit crisis damage
Oct 19 2007 11:52PM (CT)
WASHINGTON (AP) - Finance officials from the world's top economic powers pledged Friday to do all they can to limit damage to the global economy from a jarring credit crisis as Wall Street took another plunge.
 
Chrysler workers voting on labor deal
Oct 19 2007 11:49PM (CT)
DETROIT (AP) - United Auto Workers officials pressed for ratification of a tentative contract with Chrysler LLC as local union members continued to vote on the agreement Friday. Meanwhile, low-level talks proceeded at Ford Motor Co., the last of the three automakers in this year's contract talks.
 
Chrysler workers voting on labor deal
Oct 19 2007 11:49PM (CT)
DETROIT (AP) - United Auto Workers officials pressed for ratification of a tentative contract with Chrysler LLC as local union members continued to vote on the agreement Friday. Meanwhile, low-level talks proceeded at Ford Motor Co., the last of the three automakers in this year's contract talks.
 
Living paycheck to paycheck gets harder
Oct 19 2007 9:45PM (CT)
NEW YORK (AP) - The calculus of living paycheck to paycheck in America is getting harder. What used to last four days might last half that long now. Pay the gas bill, but skip breakfast. Eat less for lunch so the kids can have a healthy dinner.
 
Living paycheck to paycheck gets harder
Oct 19 2007 9:45PM (CT)
NEW YORK (AP) - The calculus of living paycheck to paycheck in America is getting harder. What used to last four days might last half that long now. Pay the gas bill, but skip breakfast. Eat less for lunch so the kids can have a healthy dinner.
 
Living paycheck to paycheck gets harder
Oct 19 2007 9:45PM (CT)
NEW YORK (AP) - The calculus of living paycheck to paycheck in America is getting harder. What used to last four days might last half that long now. Pay the gas bill, but skip breakfast. Eat less for lunch so the kids can have a healthy dinner.
 
Living paycheck to paycheck gets harder
Oct 19 2007 9:45PM (CT)
NEW YORK (AP) - The calculus of living paycheck to paycheck in America is getting harder. What used to last four days might last half that long now. Pay the gas bill, but skip breakfast. Eat less for lunch so the kids can have a healthy dinner.
 
Living paycheck to paycheck gets harder
Oct 19 2007 9:45PM (CT)
NEW YORK (AP) - The calculus of living paycheck to paycheck in America is getting harder. What used to last four days might last half that long now. Pay the gas bill, but skip breakfast. Eat less for lunch so the kids can have a healthy dinner.
 
Oil futures retreat from $90 record
Oct 19 2007 5:38PM (CT)
NEW YORK (AP) - Oil futures fell Friday, retreating from an earlier foray to a new record above $90, as investors sold to lock in profits.
 
Oil futures retreat from $90 record
Oct 19 2007 5:38PM (CT)
NEW YORK (AP) - Oil futures fell Friday, retreating from an earlier foray to a new record above $90, as investors sold to lock in profits.
 
Oil futures retreat from $90 record
Oct 19 2007 5:38PM (CT)
NEW YORK (AP) - Oil futures fell Friday, retreating from an earlier foray to a new record above $90, as investors sold to lock in profits.
 
Oil futures retreat from $90 record
Oct 19 2007 5:38PM (CT)
NEW YORK (AP) - Oil futures fell Friday, retreating from an earlier foray to a new record above $90, as investors sold to lock in profits.
 
3M to cut LCD film prices; Shares slide
Oct 19 2007 5:34PM (CT)
MINNEAPOLIS (AP) - 3M Co. gave in to competitive pressure and said on Friday it would cut prices on its profitable films for LCD television screens. The news sent 3M shares down more than 8 percent.
 
Wachovia's 3Q profit drops 10 percent
Oct 19 2007 5:31PM (CT)
CHARLOTTE, N.C. (AP) - Wachovia Corp., the nation's fourth largest bank, said Friday its profit fell 10 percent in the third quarter, hurt by $1.3 billion in losses and write-downs related to turmoil in the credit markets.
 
Panel: Kids shouldn't use cold medicines
Oct 19 2007 5:19PM (CT)
WASHINGTON (AP) - The medicines long used by parents to treat their children's coughs and colds don't work and shouldn't be used in those younger than 6, federal health advisers recommended Friday.
 
Weak dollar boosts McDonald's 3Q profits
Oct 19 2007 5:06PM (CT)
CHICAGO (AP) - Strong breakfast sales in the U.S. and a weak dollar overseas proved a potent combination for McDonald's Corp. in the third quarter, helping to power the fast-food chain to a 27 percent jump in profit despite rising costs.
 
Harley-Davidson 3Q profit falls 15.3 pct
Oct 19 2007 5:03PM (CT)
MILWAUKEE (AP) - A continued sluggish U.S. market for motorcycles pushed Harley-Davidson Inc.'s third-quarter profit down 15.3 percent, and the motorcycle maker said it expects next year to be difficult, too.
 
Harley-Davidson 3Q profit falls 15.3 pct
Oct 19 2007 5:03PM (CT)
MILWAUKEE (AP) - A continued sluggish U.S. market for motorcycles pushed Harley-Davidson Inc.'s third-quarter profit down 15.3 percent, and the motorcycle maker said it expects next year to be difficult, too.
 
Harley-Davidson 3Q profit falls 15.3 pct
Oct 19 2007 5:03PM (CT)
MILWAUKEE (AP) - A continued sluggish U.S. market for motorcycles pushed Harley-Davidson Inc.'s third-quarter profit down 15.3 percent, and the motorcycle maker said it expects next year to be difficult, too.
 
Harley-Davidson 3Q profit falls 15.3 pct
Oct 19 2007 5:03PM (CT)
MILWAUKEE (AP) - A continued sluggish U.S. market for motorcycles pushed Harley-Davidson Inc.'s third-quarter profit down 15.3 percent, and the motorcycle maker said it expects next year to be difficult, too.
 
Bernanke explains decision-making
Oct 19 2007 4:46PM (CT)
WASHINGTON (AP) - Federal Reserve policymakers weigh a broad range of economic scenarios to determine the right moves on interest rates during times of uncertainty, Fed Chairman Ben Bernanke said Friday.
 
Bernanke explains decision-making
Oct 19 2007 4:46PM (CT)
WASHINGTON (AP) - Federal Reserve policymakers weigh a broad range of economic scenarios to determine the right moves on interest rates during times of uncertainty, Fed Chairman Ben Bernanke said Friday.
 
Treasurys rise as stocks trend lower
Oct 19 2007 4:45PM (CT)
NEW YORK (AP) - Treasury prices rallied steeply Friday, capping an unusual five-session run of gains linked to a caving stock market and signs of new erosion in housing and the capital markets.
 
Bond market at a glance
Oct 19 2007 4:16PM (CT)
NEW YORK (AP) - Key barometers in the Treasury market late Friday compared with late Thursday. The price changes in the 10-year note and 30-year bond are per $1,000 invested.
 
Oil prices pull back from $90 high
Oct 19 2007 3:36PM (CT)
NEW YORK (AP) - Oil prices pulled back Friday after hitting a record above $90 a barrel overnight, as investors pocketed profits. Other commodities ended mixed, and the dollar edged up.
 
Get ready for still-higher energy costs
Oct 19 2007 2:32PM (CT)
NEW YORK (AP) - Jim Ammons grumbles to himself every time he fills up his Ford Expedition, but he says gas prices would have to almost quadruple to $10 a gallon before he'd ditch his SUV.
 
Get ready for still-higher energy costs
Oct 19 2007 2:32PM (CT)
NEW YORK (AP) - Jim Ammons grumbles to himself every time he fills up his Ford Expedition, but he says gas prices would have to almost quadruple to $10 a gallon before he'd ditch his SUV.
 
Get ready for still-higher energy costs
Oct 19 2007 2:32PM (CT)
NEW YORK (AP) - Jim Ammons grumbles to himself every time he fills up his Ford Expedition, but he says gas prices would have to almost quadruple to $10 a gallon before he'd ditch his SUV.
 
Get ready for still-higher energy costs
Oct 19 2007 2:32PM (CT)
NEW YORK (AP) - Jim Ammons grumbles to himself every time he fills up his Ford Expedition, but he says gas prices would have to almost quadruple to $10 a gallon before he'd ditch his SUV.
 
Get ready for still-higher energy costs
Oct 19 2007 2:32PM (CT)
NEW YORK (AP) - Jim Ammons grumbles to himself every time he fills up his Ford Expedition, but he says gas prices would have to almost quadruple to $10 a gallon before he'd ditch his SUV.
 
Get ready for still-higher energy costs
Oct 19 2007 2:32PM (CT)
NEW YORK (AP) - Jim Ammons grumbles to himself every time he fills up his Ford Expedition, but he says gas prices would have to almost quadruple to $10 a gallon before he'd ditch his SUV.
 
Get ready for still-higher energy costs
Oct 19 2007 2:32PM (CT)
NEW YORK (AP) - Jim Ammons grumbles to himself every time he fills up his Ford Expedition, but he says gas prices would have to almost quadruple to $10 a gallon before he'd ditch his SUV.
 
Get ready for still-higher energy costs
Oct 19 2007 2:32PM (CT)
NEW YORK (AP) - Jim Ammons grumbles to himself every time he fills up his Ford Expedition, but he says gas prices would have to almost quadruple to $10 a gallon before he'd ditch his SUV.
 
World Bank to emphasize agriculture
Oct 19 2007 1:34PM (CT)
WASHINGTON (AP) - If the world is committed to reducing poverty and achieving sustainable economic growth, the powers of using agriculture for development must be unleashed, the World Bank said Friday.
 
World Bank to emphasize agriculture
Oct 19 2007 1:34PM (CT)
WASHINGTON (AP) - If the world is committed to reducing poverty and achieving sustainable economic growth, the powers of using agriculture for development must be unleashed, the World Bank said Friday.
 
Northern Rock names new chairman
Oct 19 2007 12:30PM (CT)
LONDON (AP) - Northern Rock PLC said Friday it was replacing its chairman, after two months of troubles during which the mortgage lender took emergency funding from the Bank of England and saw the first run on a British bank in nearly a century.
 
CAT 3Q up, but full year cut
Oct 19 2007 9:13AM (CT)
CHAMPAIGN, Ill. (AP) - Caterpillar Inc. said Friday its third-quarter earnings rose 21 percent, but the company, one of the world's largest construction equipment makers, cut its full-year profit forecast.
 
CAT 3Q up, but full year cut
Oct 19 2007 9:13AM (CT)
CHAMPAIGN, Ill. (AP) - Caterpillar Inc. said Friday its third-quarter earnings rose 21 percent, but the company, one of the world's largest construction equipment makers, cut its full-year profit forecast.
 
Xerox 3Q profit drops
Oct 19 2007 8:51AM (CT)
STAMFORD, Conn. (AP) - Xerox Inc.'s profit tumbled 53 percent in the third quarter from year-ago results boosted by a tax gain, but still beat Wall Street expectations on strong demand for its color printers and office services.
 
Something stinks in Iowa: Hog farms
Oct 19 2007 6:16AM (CT)
LORIMOR, Iowa (AP) - Mayor Kent Forbes has learned a hard truth about small-town life in Iowa: Sometimes it stinks. That's not a figure of speech. His tiny southern Iowa town is surrounded by hog farms, where tons of manure fill the air with a biting ammonia smell.
 
Something stinks in Iowa: Hog farms
Oct 19 2007 6:16AM (CT)
LORIMOR, Iowa (AP) - Mayor Kent Forbes has learned a hard truth about small-town life in Iowa: Sometimes it stinks. That's not a figure of speech. His tiny southern Iowa town is surrounded by hog farms, where tons of manure fill the air with a biting ammonia smell.
 
Something stinks in Iowa: Hog farms
Oct 19 2007 6:16AM (CT)
LORIMOR, Iowa (AP) - Mayor Kent Forbes has learned a hard truth about small-town life in Iowa: Sometimes it stinks. That's not a figure of speech. His tiny southern Iowa town is surrounded by hog farms, where tons of manure fill the air with a biting ammonia smell.
 
All bets may be off for New York OTB
Oct 19 2007 6:16AM (CT)
NEW YORK (AP) - It's probably not a good time to make a wager on the future of off-track betting in New York City. Mayor Michael Bloomberg says the city may shut down the money-losing operation.
 
Non-Chinese toymakers eye that market
Oct 19 2007 6:13AM (CT)
SHANGHAI, China (AP) - For 24 years, toymaker Yoshiritsu has resisted the pull to move to lower-cost China, sticking it out in more costly Japan to meet the exacting demands of its picky customers. But that strategy may be starting to pay off in a new market: China itself.
 
Non-Chinese toymakers eye that market
Oct 19 2007 6:13AM (CT)
SHANGHAI, China (AP) - For 24 years, toymaker Yoshiritsu has resisted the pull to move to lower-cost China, sticking it out in more costly Japan to meet the exacting demands of its picky customers. But that strategy may be starting to pay off in a new market: China itself.
 
Non-Chinese toymakers eye that market
Oct 19 2007 6:13AM (CT)
SHANGHAI, China (AP) - For 24 years, toymaker Yoshiritsu has resisted the pull to move to lower-cost China, sticking it out in more costly Japan to meet the exacting demands of its picky customers. But that strategy may be starting to pay off in a new market: China itself.
 
Non-Chinese toymakers eye that market
Oct 19 2007 6:13AM (CT)
SHANGHAI, China (AP) - For 24 years, toymaker Yoshiritsu has resisted the pull to move to lower-cost China, sticking it out in more costly Japan to meet the exacting demands of its picky customers. But that strategy may be starting to pay off in a new market: China itself.
 
Non-Chinese toymakers eye that market
Oct 19 2007 6:13AM (CT)
SHANGHAI, China (AP) - For 24 years, toymaker Yoshiritsu has resisted the pull to move to lower-cost China, sticking it out in more costly Japan to meet the exacting demands of its picky customers. But that strategy may be starting to pay off in a new market: China itself.
 
Nikkei sheds 1.7 percent on stronger yen
Oct 19 2007 5:07AM (CT)
TOKYO (AP) - Japanese stocks dropped Friday, with the yen's rise against the dollar sending exporters such as Canon and Sony sharply lower, and record oil prices driving selling in shipping stocks.
 
   

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