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Latest Business News Archives for October 30, 2005

Investors hope Fed move will bring clarity
Oct 30 2005 10:16PM (CT)
NEW YORK (AP) - Wall Street is spooked, and it has nothing to do with Halloween. The volatility of the past few weeks, with stocks making big gains and suffering big losses _ sometimes in back-to-back sessions _ shows a market bogged down by uncertainty and treating each earnings report or piece of economic data as a portent, mostly dire, of things to come.
 
Japanese stocks move higher; dollar up
Oct 30 2005 9:19PM (CT)
TOKYO (AP) - Japanese stocks rose Monday morning following a gain in U.S. stocks and positive corporate earnings Friday. The dollar was higher against the yen.
 
WTO chief praises EU-U.S. trade efforts
Oct 30 2005 7:11PM (CT)
PARIS (AP) - The head of the World Trade Organization on Sunday praised European Union and U.S. efforts toward reaching an agreement on agriculture that could help break a deadlock in world trade talks.
 
Report: Ex-AIG exec seeks to boost image
Oct 30 2005 6:29PM (CT)
NEW YORK (AP) - The former executive of insurer American International Group Inc. is writing to dozens of friends and associates asking permission to use their names in a public-relations campaign to rehabilitate his image, according to The Wall Street Journal, whose parent company's CEO also received a request for assistance.
 
Wal-Mart expects October sales to grow
Oct 30 2005 5:41PM (CT)
BENTONVILLE, Ark. (AP) - Wal-Mart Stores Inc. expects its October same-store sales will be 4.3 percent above the same month of 2004.
 
Goodyear, Steelworkers look to 2006 talks
Oct 30 2005 4:00PM (CT)
CLEVELAND (AP) - When the Goodyear Tire & Rubber Co. opens contract talks next year, it may want the United Steelworkers of America to draw on some tough lessons learned in the union's past struggles with a consolidated steel industry.
 
Kuwait's Jazeera Airways begins flying
Oct 30 2005 3:52PM (CT)
KUWAIT CITY (AP) - Kuwait's Jazeera Airways, the country's first private airline, flew its first flight Sunday to Dubai in the United Arab Emirates.
 
OPEC official: Use profits for refineries
Oct 30 2005 3:51PM (CT)
RIMINI, Italy (AP) - A top OPEC official said Sunday that oil companies with surging third-quarter profits should use the money to increase their refining capacity and help ease pressure on oil prices.
 
Vioxx verdict carries big stakes for Merck
Oct 30 2005 3:50PM (CT)
ATLANTIC CITY, N.J. (AP) - For Merck & Co., another courtroom defeat over its painkiller Vioxx would be a prescription for trouble. The pharmaceutical company, whose fortunes soared partly on the strength of the drug's popularity, is nervously awaiting the outcome of the second Vioxx product liability case to go to trial.
 
Grower invents cranberry-harvest device
Oct 30 2005 3:44PM (CT)
WISCONSIN RAPIDS, Wis. (AP) - His cranberry fields flooded with 6 inches of water, Dan Brockman drives his new harvesting machine _ romantically named the ruby slipper _ through the vines. Steel, finger-like rods submerged in the chilly waters quietly nudge and shake the plants.
 
Real estate prices soaring in Las Vegas
Oct 30 2005 2:23PM (CT)
LAS VEGAS (AP) - Its front windows wish you "Feliz Navidad" in paint that won't wash off. The landscaping consists of four shriveling cacti and a patio piled with empty cat food boxes. Inside, it's 700 square feet of confirmed bachelor's clutter. And it can all be yours for $1.2 million _ cash.
 
Web banking undergoing security upgrade
Oct 30 2005 7:12AM (CT)
BOSTON (AP) - If you do banking over the Internet, generally the drill is pretty simple: You enter your user name and password, and away you go. But behind the scenes, the bank can do a lot to check you out: Are you at your home computer, or at one with an Internet address that, strangely, is registered overseas? Are you logging on at an unusual time of day, or from a super-fast connection when normally you have dial-up?
 
   

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