Latest Business News
Economic Figures
Dollar & Gold News
Board of Trade News
Personal Finance
|
|
|
|
|
|
Rate cut unlikely to fix housing woes
Oct 30 2007 11:49PM (CT)
WASHINGTON (AP) - The interest rate cut that Wall Street believes will buffer the economy from housing market woes is unlikely to give much of a boost to suffering banks and homebuilders in the near term, analysts say.
|
|
|
Oil prices fall below $90 in Asia
Oct 30 2007 11:45PM (CT)
SINGAPORE (AP) - Oil prices dropped below $90 a barrel Wednesday ahead of the U.S. central bank's impending decision on its key interest rate.
|
|
|
Oil prices fall below $90 in Asia
Oct 30 2007 11:45PM (CT)
SINGAPORE (AP) - Oil prices dropped below $90 a barrel Wednesday ahead of the U.S. central bank's impending decision on its key interest rate.
|
|
|
Oil prices fall below $90 in Asia
Oct 30 2007 11:45PM (CT)
SINGAPORE (AP) - Oil prices dropped below $90 a barrel Wednesday ahead of the U.S. central bank's impending decision on its key interest rate.
|
|
|
Sirius Satellite Radio narrows 3Q loss
Oct 30 2007 7:36PM (CT)
NEW YORK (AP) - Sirius Satellite Radio Inc. narrowed its loss in the third quarter as it continued to add subscribers and said it still hopes to close its deal to combine with XM Satellite Radio Holdings Inc. by the end of the year.
|
|
|
Weak dollar draws foreign online buyers
Oct 30 2007 7:35PM (CT)
NEW YORK (AP) - Unlike those crinkled bucks in your wallet, the Morgan silver dollars for sale on Mike Lavanga's Web site have surged in value since they stopped being minted in the early 20th century.
|
|
|
Weak dollar draws foreign online buyers
Oct 30 2007 7:35PM (CT)
NEW YORK (AP) - Unlike those crinkled bucks in your wallet, the Morgan silver dollars for sale on Mike Lavanga's Web site have surged in value since they stopped being minted in the early 20th century.
|
|
|
Weak dollar draws foreign online buyers
Oct 30 2007 7:35PM (CT)
NEW YORK (AP) - Unlike those crinkled bucks in your wallet, the Morgan silver dollars for sale on Mike Lavanga's Web site have surged in value since they stopped being minted in the early 20th century.
|
|
|
Weak dollar draws foreign online buyers
Oct 30 2007 7:35PM (CT)
NEW YORK (AP) - Unlike those crinkled bucks in your wallet, the Morgan silver dollars for sale on Mike Lavanga's Web site have surged in value since they stopped being minted in the early 20th century.
|
|
|
Weak dollar draws foreign online buyers
Oct 30 2007 7:35PM (CT)
NEW YORK (AP) - Unlike those crinkled bucks in your wallet, the Morgan silver dollars for sale on Mike Lavanga's Web site have surged in value since they stopped being minted in the early 20th century.
|
|
|
Weak dollar draws foreign online buyers
Oct 30 2007 7:35PM (CT)
NEW YORK (AP) - Unlike those crinkled bucks in your wallet, the Morgan silver dollars for sale on Mike Lavanga's Web site have surged in value since they stopped being minted in the early 20th century.
|
|
|
MGM Mirage, Wynn report mixed results
Oct 30 2007 7:08PM (CT)
LAS VEGAS (AP) - Casino operators MGM Mirage Inc. and Wynn Resorts Ltd. reported third-quarter results Tuesday that got a mixed reception on Wall Street, but the companies laid out bets for the future that include billions of dollars of expansion projects focused on Macau and Las Vegas.
|
|
|
DreamWorks Animation profits on 'Shrek'
Oct 30 2007 6:24PM (CT)
LOS ANGELES (AP) - The animated sequel "Shrek The Third" helped DreamWorks Animation SKG Inc. quadruple its third-quarter profit, as the film neared $800 million in worldwide revenue, the company said Tuesday.
|
|
|
MGM Mirage 3Q profit up 18 percent
Oct 30 2007 5:33PM (CT)
LAS VEGAS (AP) - MGM Mirage Inc., the world's second-largest casino company, on Tuesday reported third-quarter profit that fell below analysts' expectations but said it was planting "seeds" for future projects that would pay off.
|
|
|
Dollar hits new lows on economic data
Oct 30 2007 5:21PM (CT)
NEW YORK (AP) - The dollar fell to a new record low against the euro and a 26-year low against the British pound Tuesday after lower-than-expected consumer confidence data was released and ahead of Wednesday's Federal Reserve interest rate decision.
|
|
|
Dollar hits new lows on economic data
Oct 30 2007 5:21PM (CT)
NEW YORK (AP) - The dollar fell to a new record low against the euro and a 26-year low against the British pound Tuesday after lower-than-expected consumer confidence data was released and ahead of Wednesday's Federal Reserve interest rate decision.
|
|
|
Applebee's shareholders back $1.9B sale
Oct 30 2007 5:15PM (CT)
OVERLAND PARK, Kan. (AP) - Shareholders of the bar-and-grill chain Applebee's International Inc. on Tuesday approved a $1.9 billion buyout offer from pancake house operator IHOP Corp.
|
|
|
Midwest Air shareholders OK sale to TPG
Oct 30 2007 5:00PM (CT)
MILWAUKEE (AP) - Midwest Air Group Inc. moved a step closer Tuesday to ending its yearlong effort to fend off a hostile takeover by AirTran Holdings Inc. when shareholders approved a sale to private equity firm TPG Capital.
|
|
|
Midwest Air shareholders OK sale to TPG
Oct 30 2007 5:00PM (CT)
MILWAUKEE (AP) - Midwest Air Group Inc. moved a step closer Tuesday to ending its yearlong effort to fend off a hostile takeover by AirTran Holdings Inc. when shareholders approved a sale to private equity firm TPG Capital.
|
|
|
TVA applies for new reactors
Oct 30 2007 4:45PM (CT)
WASHINGTON (AP) - The Tennessee Valley Authority filed an application Tuesday for a license to build and operate two new nuclear power reactors at a site in northern Alabama where it mothballed two reactor projects nearly two decades ago after investing billions of dollars.
|
|
|
Merrill Lynch CEO O'Neal out
Oct 30 2007 4:31PM (CT)
NEW YORK (AP) - The unfolding credit crisis has claimed its biggest corporate casualty so far: Merrill Lynch CEO Stan O'Neal.
|
|
|
Federal Reserve expected to cut rates
Oct 30 2007 4:27PM (CT)
WASHINGTON (AP) - The Federal Reserve is expected to cut an important interest rate this week, a move designed to help the economy get through the stresses of a painful housing slump and credit crunch.
|
|
|
Colgate, P&G profits up
Oct 30 2007 4:24PM (CT)
CINCINNATI (AP) - Consumer products makers Procter & Gamble Co. and Colgate-Palmolive Co. reported big jumps in quarterly profits Tuesday. But the stocks of both companies headed in opposite directions after P&G issued a cautious outlook amid rising commodity costs and U.S. consumer uncertainty.
|
|
|
Commodities slip ahead of Fed decision
Oct 30 2007 2:31PM (CT)
NEW YORK (AP) - Commodities prices declined Tuesday as uncertainty about the Federal Reserve's upcoming decision on current interest rates and future policy left investors jittery.
|
|
|
Stocks mostly down ahead of Fed decision
Oct 30 2007 2:18PM (CT)
NEW YORK (AP) - Wall Street traded mixed Tuesday amid light volume as investors, uneasy after a drop in consumer confidence, refrained from making any big bets ahead of the Federal Reserve's rate decision.
|
|
|
Stocks mostly down ahead of Fed decision
Oct 30 2007 2:18PM (CT)
NEW YORK (AP) - Wall Street traded mixed Tuesday amid light volume as investors, uneasy after a drop in consumer confidence, refrained from making any big bets ahead of the Federal Reserve's rate decision.
|
|
|
Qwest 3Q earnings rise with tax benefit
Oct 30 2007 1:39PM (CT)
DENVER (AP) - Qwest Communications International Inc. on Tuesday reported a jump in third-quarter net income, although revenue dipped as consumers continued to move away from traditional telephone lines.
|
|
|
Qwest 3Q earnings rise with tax benefit
Oct 30 2007 1:39PM (CT)
DENVER (AP) - Qwest Communications International Inc. on Tuesday reported a jump in third-quarter net income, although revenue dipped as consumers continued to move away from traditional telephone lines.
|
|
|
Consumer confidence drops in October
Oct 30 2007 11:51AM (CT)
NEW YORK (AP) - With Christmas only about eight weeks away, shoppers are feeling more forlorn about the economy than they have since hurricanes Katrina and Rita battered the Gulf Coast two years ago.
|
|
|
Consumer confidence drops in October
Oct 30 2007 11:51AM (CT)
NEW YORK (AP) - With Christmas only about eight weeks away, shoppers are feeling more forlorn about the economy than they have since hurricanes Katrina and Rita battered the Gulf Coast two years ago.
|
|
|
Consumer confidence drops in October
Oct 30 2007 11:51AM (CT)
NEW YORK (AP) - With Christmas only about eight weeks away, shoppers are feeling more forlorn about the economy than they have since hurricanes Katrina and Rita battered the Gulf Coast two years ago.
|
|
|
Consumer confidence drops in October
Oct 30 2007 11:51AM (CT)
NEW YORK (AP) - With Christmas only about eight weeks away, shoppers are feeling more forlorn about the economy than they have since hurricanes Katrina and Rita battered the Gulf Coast two years ago.
|
|
|
Consumer confidence drops in October
Oct 30 2007 11:51AM (CT)
NEW YORK (AP) - With Christmas only about eight weeks away, shoppers are feeling more forlorn about the economy than they have since hurricanes Katrina and Rita battered the Gulf Coast two years ago.
|
|
|
Consumer confidence drops in October
Oct 30 2007 11:51AM (CT)
NEW YORK (AP) - With Christmas only about eight weeks away, shoppers are feeling more forlorn about the economy than they have since hurricanes Katrina and Rita battered the Gulf Coast two years ago.
|
|
|
P&G 1Q profit up, cautious on costs
Oct 30 2007 10:57AM (CT)
CINCINNATI (AP) - Consumer products maker Procter & Gamble Co. said Tuesday its first-quarter profit rose 14 percent, but said rising commodity, energy and product investment costs will hurt its second-quarter margins.
|
|
|
Treasury prices fall ahead of Fed meeting
Oct 30 2007 10:46AM (CT)
NEW YORK (AP) - Long-term Treasury prices rose Tuesday after a consumer confidence survey showed unexpected weakness, solidifying the view that the Federal Reserve will cut rates this week.
|
|
|
Home prices fall in August for 8th month
Oct 30 2007 10:04AM (CT)
NEW YORK (AP) - U.S. home prices fell nationwide in August for the eighth consecutive month, offering little hope of a turnaround anytime soon, according to the S&P/Case-Shiller index released Tuesday.
|
|
|
Goodyear swings to profit in 3rd qtr
Oct 30 2007 8:48AM (CT)
CLEVELAND (AP) - Goodyear Tire & Rubber Co., helped by the sale of its engineered products unit, swung to a big profit in the third quarter, even though North American tire sales were down 6 percent.
|
|
|
Goodyear swings to profit in 3rd qtr
Oct 30 2007 8:48AM (CT)
CLEVELAND (AP) - Goodyear Tire & Rubber Co., helped by the sale of its engineered products unit, swung to a big profit in the third quarter, even though North American tire sales were down 6 percent.
|
|
|
Paulson: US can overcome subprime crisis
Oct 30 2007 6:54AM (CT)
NEW DELHI (AP) - U.S. Treasury Secretary Henry Paulson said Tuesday that the American economy is strong enough to overcome the trouble in the country's housing market although the subprime mortgage crisis may take longer than expected to resolve.
|
|
|
India says activists hyping child labor
Oct 30 2007 6:52AM (CT)
NEW DELHI (AP) - India's trade minister insisted Tuesday that activists were hyping accusations of child labor in the country, taking a defensive stand following a report that Gap Inc. had sold clothes made by children in a New Delhi sweatshop.
|
|
|
India says activists hyping child labor
Oct 30 2007 6:52AM (CT)
NEW DELHI (AP) - India's trade minister insisted Tuesday that activists were hyping accusations of child labor in the country, taking a defensive stand following a report that Gap Inc. had sold clothes made by children in a New Delhi sweatshop.
|
|
|
Colgate-Palmolive 3Q profit up 22 pct
Oct 30 2007 6:47AM (CT)
NEW YORK (AP) - Colgate-Palmolive Co. said Tuesday its third-quarter profit rose 22 percent on strong sales across all regions and improved cost controls.
|
|
|
Qwest 3Q earnings rise with tax benefit
Oct 30 2007 6:29AM (CT)
DENVER (AP) - Telecommunications company Qwest Communications International Inc. said Tuesday its third-quarter profit jumped, aided mainly by a $2.15 billion tax benefit.
|
|
|
China auto firms take on trade friction
Oct 30 2007 6:25AM (CT)
SHANGHAI, China (AP) - China will move to ease friction over its auto exports to avoid the trouble it faces in other industries, an economic planner said Tuesday, noting the need to adjust trade and investment policies to reflect changes in the industry.
|
|
|
China auto firms take on trade friction
Oct 30 2007 6:25AM (CT)
SHANGHAI, China (AP) - China will move to ease friction over its auto exports to avoid the trouble it faces in other industries, an economic planner said Tuesday, noting the need to adjust trade and investment policies to reflect changes in the industry.
|
|
|
China auto firms take on trade friction
Oct 30 2007 6:25AM (CT)
SHANGHAI, China (AP) - China will move to ease friction over its auto exports to avoid the trouble it faces in other industries, an economic planner said Tuesday, noting the need to adjust trade and investment policies to reflect changes in the industry.
|
|
|
China auto firms take on trade friction
Oct 30 2007 6:25AM (CT)
SHANGHAI, China (AP) - China will move to ease friction over its auto exports to avoid the trouble it faces in other industries, an economic planner said Tuesday, noting the need to adjust trade and investment policies to reflect changes in the industry.
|
|
|
Some 'vampires' prefer energy over blood
Oct 30 2007 6:11AM (CT)
COLUMBUS, Ohio (AP) - A force as insidious as Dracula is quietly sucking a nickel of every dollar's worth of the electricity that seeps from your home's outlets.
|
|
|
Matsushita reports declining profit
Oct 30 2007 4:22AM (CT)
TOKYO (AP) - Costs for a massive cell-phone battery recall helped depress profit for the second fiscal quarter 17 percent at Matsushita, which makes Panasonic brand products.
|
|
|
Mitsubishi says loss shrinks in 1H
Oct 30 2007 2:25AM (CT)
TOKYO (AP) - Scandal-marred Mitsubishi Motors said Tuesday growing sales in North America, Europe and Asia and an improved model mix helped cut its loss by 65 percent for the six months through September half-year period from the year before.
|
|
|
Chrysler CEO pleased with labor contract
Oct 30 2007 1:15AM (CT)
DETROIT (AP) - Chrysler LLC Chief Executive Bob Nardelli said Monday he is pleased with a money-saving labor contract that was approved by workers in voting completed over the weekend and is looking to raise more cash by selling $1 billion worth of unneeded real estate and buildings.
|
|
|
|
|
|