Latest Business News
Economic Figures
Dollar & Gold News
Board of Trade News
Personal Finance
|
|
|
|
|
|
EU court set to rule on 'VW law'
Oct 22 2007 11:41PM (CT)
LUXEMBOURG (AP) - A ruling Tuesday by the European Union's top court on a law shielding Germany's Volkswagen AG from takeover will set the boundaries on how far national governments can go to protect industry.
|
|
|
Oil prices drop in Asian trading
Oct 22 2007 11:35PM (CT)
SINGAPORE (AP) - Oil prices fell Tuesday amid worries about a possible slowdown in the U.S. economy that would reduce demand for oil and petroleum products.
|
|
|
Chrysler workers show reluctance
Oct 22 2007 5:39PM (CT)
DETROIT (AP) - The tentative deal between the United Auto Workers and Chrysler LLC was hailed as a historic step forward for the company just a couple of weeks ago. Many rank-and-file members, however, have rejected that message.
|
|
|
Chrysler workers show reluctance
Oct 22 2007 5:39PM (CT)
DETROIT (AP) - The tentative deal between the United Auto Workers and Chrysler LLC was hailed as a historic step forward for the company just a couple of weeks ago. Many rank-and-file members, however, have rejected that message.
|
|
|
Chrysler workers show reluctance
Oct 22 2007 5:39PM (CT)
DETROIT (AP) - The tentative deal between the United Auto Workers and Chrysler LLC was hailed as a historic step forward for the company just a couple of weeks ago. Many rank-and-file members, however, have rejected that message.
|
|
|
Chrysler workers show reluctance
Oct 22 2007 5:39PM (CT)
DETROIT (AP) - The tentative deal between the United Auto Workers and Chrysler LLC was hailed as a historic step forward for the company just a couple of weeks ago. Many rank-and-file members, however, have rejected that message.
|
|
|
Chrysler workers show reluctance
Oct 22 2007 5:39PM (CT)
DETROIT (AP) - The tentative deal between the United Auto Workers and Chrysler LLC was hailed as a historic step forward for the company just a couple of weeks ago. Many rank-and-file members, however, have rejected that message.
|
|
|
Chrysler workers show reluctance
Oct 22 2007 5:39PM (CT)
DETROIT (AP) - The tentative deal between the United Auto Workers and Chrysler LLC was hailed as a historic step forward for the company just a couple of weeks ago. Many rank-and-file members, however, have rejected that message.
|
|
|
AmEx 3Q profit beats expectations
Oct 22 2007 5:25PM (CT)
NEW YORK (AP) - American Express Co., one of the nation's biggest credit-card issuers, said Monday that higher spending by cardholders pushed third-quarter profit up 10 percent.
|
|
|
IMF: global economy outlook uncertain
Oct 22 2007 5:18PM (CT)
WASHINGTON (AP) - The global economy faces a period of uncertainty, with risks to continued growth much higher than they were six months ago, the head of the International Monetary Fund said Monday.
|
|
|
IMF: global economy outlook uncertain
Oct 22 2007 5:18PM (CT)
WASHINGTON (AP) - The global economy faces a period of uncertainty, with risks to continued growth much higher than they were six months ago, the head of the International Monetary Fund said Monday.
|
|
|
IMF: global economy outlook uncertain
Oct 22 2007 5:18PM (CT)
WASHINGTON (AP) - The global economy faces a period of uncertainty, with risks to continued growth much higher than they were six months ago, the head of the International Monetary Fund said Monday.
|
|
|
Co-inventor of Rice-A-Roni dies at 92
Oct 22 2007 4:34PM (CT)
NAPA, Calif. (AP) - Vincent DeDomenico, co-inventor of Rice-A-Roni, whose catchy TV jingle paid homage to San Francisco and made the pasta dish known to every baby boomer, has died. He was 92.
|
|
|
Merck tops expectations, Schering misses
Oct 22 2007 4:33PM (CT)
TRENTON, N.J. (AP) - Pharmaceutical companies Schering-Plough Corp. and Merck & Co. posted strong sales Monday from their joint venture on cholesterol drugs, but otherwise their third-quarter earnings reports _ and investor reaction _ were strikingly different.
|
|
|
Merck tops expectations, Schering misses
Oct 22 2007 4:33PM (CT)
TRENTON, N.J. (AP) - Pharmaceutical companies Schering-Plough Corp. and Merck & Co. posted strong sales Monday from their joint venture on cholesterol drugs, but otherwise their third-quarter earnings reports _ and investor reaction _ were strikingly different.
|
|
|
Commodities retreat as dollar rebounds
Oct 22 2007 4:05PM (CT)
NEW YORK (AP) - Investors retreated from the commodities markets Monday amid concerns that global economic growth could slow, damping demand for raw materials.
|
|
|
Texas Instruments profit up 11 percent
Oct 22 2007 3:58PM (CT)
DALLAS (AP) - Texas Instruments Inc., the largest maker of chips used in wireless phones, said Monday third-quarter earnings rose 11 percent as demand for analog chips and lower manufacturing costs overcame a drop in revenue.
|
|
|
Texas Instruments profit up 11 percent
Oct 22 2007 3:58PM (CT)
DALLAS (AP) - Texas Instruments Inc., the largest maker of chips used in wireless phones, said Monday third-quarter earnings rose 11 percent as demand for analog chips and lower manufacturing costs overcame a drop in revenue.
|
|
|
Apple 4Q earnings beat Wall St. views
Oct 22 2007 3:52PM (CT)
CUPERTINO, Calif. (AP) - Apple Inc. said Monday its fourth-quarter earnings easily beat Wall Street expectations, as it set a new record for quarterly shipments of its Mac computers and moved more than 1 million iPhones.
|
|
|
Judge gives SLM, investors a timeline
Oct 22 2007 3:42PM (CT)
WASHINGTON (AP) - A judge on Monday gave Sallie Mae and the investor group seeking to terminate its $25 billion buyout of the student lender one day to drop conditions of the deal that prevent the company from talking to other potential suitors.
|
|
|
Hasbro 3Q profit surges 62 pct
Oct 22 2007 3:25PM (CT)
PROVIDENCE, R.I. (AP) - Hasbro, Inc., world's second-largest toymaker, said Monday its third-quarter profit climbed 62 percent on higher sales led by Transformers and Spider-Man toys and a favorable tax adjustment.
|
|
|
Fed official: Bank will protect economy
Oct 22 2007 2:07PM (CT)
WASHINGTON (AP) - The Federal Reserve will do whatever is necessary to prevent damage to the economy from the credit crunch that has gripped Wall Street, a Fed official said Monday, warning it will take time for financial markets to fully recover from the strains.
|
|
|
Bear Stearns, China's Citic forge deal
Oct 22 2007 2:07PM (CT)
NEW YORK (AP) - Bear Stearns Cos. and China's government-controlled Citic Securities Co. agreed Monday to invest $1 billion in each other and combine some operations in Asia, giving the U.S. brokerage an entrance into the insular Chinese financial sector.
|
|
|
Bear Stearns, China's Citic forge deal
Oct 22 2007 2:07PM (CT)
NEW YORK (AP) - Bear Stearns Cos. and China's government-controlled Citic Securities Co. agreed Monday to invest $1 billion in each other and combine some operations in Asia, giving the U.S. brokerage an entrance into the insular Chinese financial sector.
|
|
|
Merck 3Q profit jumps 62 pct
Oct 22 2007 12:04PM (CT)
TRENTON, N.J. (AP) - Merck & Co. posted a 62 percent increase in its third-quarter profit Monday, as the drugmaker's revenues increased by double digits. It also boosted its full-year earnings forecast. Its shares rose more than 2 percent.
|
|
|
Treasury prices fall on profit-taking
Oct 22 2007 10:42AM (CT)
NEW YORK (AP) - Treasurys broke from a boisterous five-session rally Monday, allowing investors to cash in profits and take stock of the economy and other markets.
|
|
|
Schering-Plough 3Q profit up on gains
Oct 22 2007 9:42AM (CT)
MOUNT LAUREL, N.J. (AP) - Profit more than doubled for Schering-Plough Corp., but the drugmaker's performance without one-time gains fell shy of Wall Street expectations and its shares skidded more than 13 percent.
|
|
|
Schering-Plough 3Q profit up on gains
Oct 22 2007 9:42AM (CT)
MOUNT LAUREL, N.J. (AP) - Profit more than doubled for Schering-Plough Corp., but the drugmaker's performance without one-time gains fell shy of Wall Street expectations and its shares skidded more than 13 percent.
|
|
|
Wal-Mart to raise Japan stake
Oct 22 2007 9:03AM (CT)
TOKYO (AP) - Wal-Mart Stores Inc. said Monday it will spend $875 million to take full ownership of its money-losing Japanese subsidiary, Seiyu Ltd., as the U.S. retailer struggles to speed up management changes and reverse slumping performance in the world's second largest economy.
|
|
|
Royal Caribbean Cruises 3Q profit climbs
Oct 22 2007 8:42AM (CT)
MIAMI (AP) - Royal Caribbean Cruises Ltd., the world's second-largest cruise operator, reported its third-quarter profit rose 14 percent as strong late bookings drove better yields.
|
|
|
Dollar falls to all-time low in Europe
Oct 22 2007 5:31AM (CT)
FRANKFURT, Germany (AP) - The dollar fell to a new all-time low against the euro Monday after a weekend meeting of the Group of Seven finance ministers ended without a clear statement about weakness in the U.S. currency.
|
|
|
Toyota sells 2.34 million vehicles in 3Q
Oct 22 2007 1:16AM (CT)
TOKYO (AP) - Toyota said Monday it sold 2.34 million vehicles globally in the July-September quarter, fewer than General Motors' tally, as its U.S. rival regained the lead in the race to be the world's top automaker.
|
|
|
|
|
|