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$18M for Calif. man's case against Vons
Oct 27 2006 10:16PM (CT)
LOS ANGELES (AP) - A jury has ordered The Vons Companies Inc. to pay more than $18 million in damages to a former employee who claimed the supermarket chain fired him after he filed a report accusing a female supervisor of sexual harassment.
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GOP consultant cuts ties with Wal-Mart
Oct 27 2006 7:11PM (CT)
WASHINGTON (AP) - A prominent Republican political consultant severed his ties with Wal-Mart on Friday night, forced to resign in the fallout over a controversial political ad in Tennessee's Senate campaign.
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HealthSouth loses tax appeal
Oct 27 2006 6:29PM (CT)
BIRMINGHAM, Ala. (AP) - HealthSouth Corp. isn't due a refund on property taxes it paid on bogus assets during some years of a huge financial fraud, a state appeals court ruled Friday.
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Volvo Trucks cutting 600 in Hagerstown
Oct 27 2006 6:25PM (CT)
BALTIMORE (AP) - Heavy truck maker AB Volvo said Friday it will lay off 600 workers next year at its Hagerstown engine-and-transmission plant.
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Auto sales gains expected for October
Oct 27 2006 4:22PM (CT)
DETROIT (AP) - Bloated inventories of trucks and sport utility vehicles languishing on dealers' lots make it increasingly likely that automakers will sweeten incentives to keep market share, analysts say.
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Chevron 3Q profit soars to $5 billion
Oct 27 2006 4:19PM (CT)
SAN RAMON, Calif. (AP) - Chevron Corp.'s quarterly profit surpassed $5 billion for the first time, putting an exclamation point on the oil industry's latest earnings bonanza.
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Cardinal Health 1Q profit rises
Oct 27 2006 4:04PM (CT)
DUBLIN, Ohio (AP) - Drug and medical supply distributor Cardinal Health Inc. on Friday said its first-quarter profit climbed 19 percent, helped by strong performance in its wholesale drug distribution business.
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Microsoft: Q1 earnings up 11 percent
Oct 27 2006 3:58PM (CT)
SEATTLE (AP) - Microsoft Corp., which is gearing up to release new versions of its two most important products, says it started its fiscal year on the right foot with quarterly results that exceeded expectations.
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Oil prices creep higher on terror fears
Oct 27 2006 2:50PM (CT)
WASHINGTON (AP) - Oil prices rose Friday following reports of a terror alert in the petroleum-rich Persian Gulf region, though the incident didn't rattle the market like it might have a few months ago.
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Court to weigh Microsoft, AT&T dispute
Oct 27 2006 1:29PM (CT)
WASHINGTON (AP) - The Supreme Court said Friday it would intervene in a patent dispute between giants Microsoft Corp. and AT&T Corp. over Windows programs distributed overseas.
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Cemex plans $11.7B bid for Rinker
Oct 27 2006 1:13PM (CT)
MEXICO CITY (AP) - Mexican cement manufacturer Cemex SAB de CV said Friday it will launch what is apparently a hostile deal to take over Australian building materials producer Rinker Group Ltd. for about $11.7 billion in cash.
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Britain attacks U.S. online gambling ban
Oct 27 2006 10:54AM (CT)
LONDON (AP) - Britain's culture secretary on Friday compared the U.S. crackdown on online gambling to the failed alcohol ban of the Prohibition as she prepared to host an international summit on Internet gambling next week.
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Local group wants to buy Baltimore Sun
Oct 27 2006 10:11AM (CT)
BALTIMORE (AP) - A group of local businessmen is offering to buy Baltimore newspaper The Sun from the Tribune Co., in what would be the latest in a series of proposals nationwide to return large metropolitan daily newspapers to local control.
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Soybeans, grains rise
Oct 27 2006 10:07AM (CT)
CHICAGO (AP) - Soybean and grain futures climbed in early activity Friday on the Chicago Board of Trade.
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Soybeans, grains rise
Oct 27 2006 10:07AM (CT)
CHICAGO (AP) - Soybean and grain futures climbed in early activity Friday on the Chicago Board of Trade.
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Hertz prices initial public offering
Oct 27 2006 9:49AM (CT)
NEW YORK (AP) - The underwriters for Hertz Global Holdings Inc. on Friday set a pricing range for the car-rental company's upcoming initial public offering of 88.2 million shares of $16 to $18 per share.
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Alltel 3Q profit jumps 11 percent
Oct 27 2006 9:31AM (CT)
LITTLE ROCK, Ark. (AP) - Wireless carrier Alltel Corp. attributed an increase in third-quarter profits it announced Friday to strong customer additions, though the company fell short of analysts' targets.
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Shares in China's ICBC take off in IPO
Oct 27 2006 8:03AM (CT)
SHANGHAI, China (AP) - With the bang of a gong, China's biggest bank kicked off the world's biggest initial public offering of stock on Friday, a milestone for the country's financial markets.
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India's Bharti Airtel profit up 79 pct.
Oct 27 2006 7:53AM (CT)
NEW DELHI (AP) - Bharti Airtel Ltd., India's largest cell-phone carrier, Friday said net profit in the most recent quarter surged 79 percent from a year ago, thanks to robust growth in new subscribers.
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Cemex to offer about $11.7B for Rinker
Oct 27 2006 7:18AM (CT)
NEW YORK (AP) - Mexican cement manufacturer Cemex SAB de CV said Friday it will offer about $11.7 billion in cash for Australian heavy building materials maker Rinker Group Ltd.
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Avon Products 3Q profit plummets 47 pct.
Oct 27 2006 6:59AM (CT)
NEW YORK (AP) - Avon Products Inc., a direct seller of cosmetics and beauty-related items, said Friday its third-quarter profit declined 47 percent, depressed by higher ad spending, costs for restructuring its inventory and a charge related to a tax dispute resolution in Britain.
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Sony laptop battery injures user
Oct 27 2006 6:43AM (CT)
TOKYO (AP) - A Sony-made battery in a Fujitsu laptop overheated and gave off sparks, injuring the user, as a Fujitsu worker was visiting to retrieve the laptop as part of the company's recall of Sony batteries, a Fujitsu spokesman said Friday.
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Volkswagen 3Q profit falls
Oct 27 2006 6:21AM (CT)
FRANKFURT, Germany (AP) - Volkswagen AG, Europe's biggest automaker, said Friday that its profit plunged 92 percent in the third quarter because of severance costs and a pensions deal associated with a wide-ranging restructuring.
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Volkswagen's 3Q profit plunges 92 pct.
Oct 27 2006 5:24AM (CT)
FRANKFURT, Germany (AP) - Automaker Volkswagen AG said Friday that its third-quarter net profit plunged 92 percent because of severance costs and a pensions deal associated with a wide-ranging restructuring.
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Wash. may increase organic farm fees
Oct 27 2006 5:19AM (CT)
YAKIMA, Wash. (AP) - Washington state's organic farmers and food processors, harvesting the financial rewards of escalating demand, could face increased certification fees under a proposal being considered by the state Department of Agriculture.
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Mizuho sues TSE over botched trade
Oct 27 2006 5:12AM (CT)
TOKYO (AP) - Japanese brokerage Mizuho Securities filed a lawsuit against the Tokyo Stock Exchange Friday seeking 41.5 billion yen ($352 million) in compensation for losses it incurred in a botched trade last December.
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Vietnam hails imminent WTO accession
Oct 27 2006 5:10AM (CT)
HANOI, Vietnam (AP) - Vietnam on Friday hailed its imminent accession to the World Trade Organization, but warned that local industries would fail to benefit from membership if they don't improve their competitiveness.
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Wendy's 3Q earnings flat
Oct 27 2006 4:39AM (CT)
COLUMBUS, Ohio (AP) - Wendy's International Inc. said on Thursday that earnings were flat in the third quarter from a year ago as the third-largest hamburger chain returns its focus to its core business.
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Japanese stocks down; dollar flat
Oct 27 2006 4:38AM (CT)
TOKYO (AP) - Japanese stocks fell Friday as investors sold stocks to lock in gains after the market rose to a five-month high the previous day. The dollar was flat against the yen.
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Wall Street: Has Sun turned a corner?
Oct 27 2006 12:15AM (CT)
SAN FRANCISCO (AP) - Server and software maker Sun Microsystems Inc. beat Wall Street's tepid expectations Thursday, reporting a narrower-than-expected loss for the first quarter thanks to the growing popularity of its newest operating system for corporate computers.
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