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Ex-HP ethics chief pleads not guilty
Nov 9 2006 11:55PM (CT)
SAN FRANCISCO (AP) - Kevin Hunsaker, former ethics chief for Hewlett-Packard Co., has pleaded not guilty to four felony charges for allegedly directing the computer and printer maker's ill-fated boardroom spying probe, authorities said late Thursday.
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Congolese shun own currency for dollars
Nov 9 2006 11:53PM (CT)
KINSHASA, Congo (AP) - Patrons heading to an outdoor bar in Congo's capital often stop first at a nearby moneychanger, where they exchange just enough U.S. dollars for a beer. Then they sit down to enjoy their bottle, confident the value of what's in their wallets won't depreciate _ at least not while they drink.
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Oil prices stabilize after election jump
Nov 9 2006 11:19PM (CT)
SINGAPORE (AP) - Oil prices steadied Friday after jumping above $61 a barrel the previous day in reaction the leadership change in the U.S. Congress and amid continued uncertainties about OPEC production cuts.
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U.S. rises in auto reliability ratings
Nov 9 2006 10:51PM (CT)
DETROIT (AP) - Ford's new Fusion model earned high marks from both Consumer Reports testers and consumers who rated its reliability, the magazine said in its 2007 new car preview, showing that U.S. automakers may be making strides in initial quality.
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Time magazine to raise cover price by $1
Nov 9 2006 10:28PM (CT)
NEW YORK (AP) - Time Inc. said Thursday it will raise the price of its flagship Time magazine by $1 to $4.95, and reduce the number of copies guaranteed to advertisers.
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Boeing gets Air Force helicopter deal
Nov 9 2006 8:18PM (CT)
WASHINGTON (AP) - The Air Force awarded a lucrative contract Thursday for search and rescue combat helicopters to a team led by aerospace giant Boeing Co.
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Walt Disney 4Q, full-year earnings climb
Nov 9 2006 8:11PM (CT)
LOS ANGELES (AP) - A strong summer movie season, including the hit "Pirates of the Caribbean: Dead Man's Chest" boosted per share earnings at The Walt Disney Co. 89 percent in the fourth quarter, the company reported Thursday.
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J.C. Penney, Kohl's see 3Q profit gains
Nov 9 2006 7:43PM (CT)
MILWAUKEE (AP) - Moderate-price department store powerhouses J.C. Penney Co. and Kohl's Corp. reported on Thursday double-digit gains in third-quarter profits that beat analysts' expectations. They also upgraded their outlook for the year, helped by upbeat holiday forecasts.
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Delta Air Lines posts $52M profit in 3Q
Nov 9 2006 6:09PM (CT)
ATLANTA (AP) - Delta Air Lines Inc., the nation's third-largest carrier, said Thursday it swung to a $52 million profit in the third quarter thanks in part to a one-time gain due to a decrease in previously estimated pre-bankruptcy claims for restructuring of aircraft financing deals.
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Prepared holiday meals up in popularity
Nov 9 2006 6:05PM (CT)
ALBANY, N.Y. (AP) - Forget slaving away in the kitchen over that roast turkey and sweet potato pie this holiday season. Entire holiday spreads _ complete with sides, gravy and dessert _ can now be ordered at most major supermarkets.
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Christmas returns to Wal-Mart marketing
Nov 9 2006 6:03PM (CT)
NEW YORK (AP) - This holiday season, Wal-Mart isn't trumpeting big bargains only. It's also bringing "Christmas" back into its marketing, after several years of playing down the term.
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BP settles last refinery blast lawsuit
Nov 9 2006 5:54PM (CT)
GALVESTON, Texas (AP) - BP PLC settled on Thursday the last remaining death-related lawsuit from the 2005 Texas City refinery blast that killed 15, wounded more than 170 and brought vast criticism on the oil company for lax safety measures at the facility.
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Judge: Winn-Dixie can exit Chapter 11
Nov 9 2006 5:26PM (CT)
JACKSONVILLE, Fla. (AP) - A federal judge ruled Thursday that supermarket chain Winn-Dixie Stores Inc. has met the legal requirements to emerge from more than a year of bankruptcy protection, and the company plans to do so within 30 days.
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Rep. Dingell backpedals on AT&T stance
Nov 9 2006 4:29PM (CT)
WASHINGTON (AP) - John Dingell, in line to become the next chairman of the House Energy and Commerce Committee, says he's not seeking to delay a decision in AT&T Inc.'s proposed acquisition of BellSouth Corp.
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Fiat CEO outlines 4-year business plan
Nov 9 2006 4:13PM (CT)
TURIN, Italy (AP) - Fiat SpA Chief Executive Sergio Marchionne laid out an ambitious set of four-year targets on Thursday aimed at propelling the newly revitalized company toward capturing a bigger share of the market.
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Dana closing 8 plants in North America
Nov 9 2006 3:22PM (CT)
TOLEDO, Ohio (AP) - Auto parts maker Dana Corp. plans to close eight North American plants and reduce operations at three others, the company said Thursday in a regulatory filing.
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Goodyear, union ready to talk
Nov 9 2006 3:02PM (CT)
CLEVELAND (AP) - The United Steelworkers union and Goodyear Tire & Rubber Co. on Thursday indicated they are ready to get back to the bargaining table to try to resolve a 4-week old strike by more than 12,000 workers.
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IRS adjusts brackets for inflation
Nov 9 2006 2:58PM (CT)
WASHINGTON (AP) - The new standard deduction for married couples filing a joint income tax return will rise $400 to $10,700 next year following inflation adjustments announced by the Internal Revenue Service Thursday.
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3M selling drug businesses for $2.1B
Nov 9 2006 1:23PM (CT)
MINNEAPOLIS (AP) - 3M Co., a manufacturer of products ranging from Post-it notes to weather-stripping, said Thursday it is selling its branded drug business for nearly $2.1 billion in three separate deals.
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SABMiller 1st-half profit up 22 pct.
Nov 9 2006 1:13PM (CT)
LONDON (AP) - SABMiller PLC, the brewer of beers such as Pilsner Urquell and Miller High Life, said Thursday its first-half profit rose 22 percent after the company boosted sales in Europe, even though sales lagged in North America.
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JC Penney 3Q profit rises
Nov 9 2006 11:52AM (CT)
PLANO, Texas (AP) - J.C. Penney Co. said Thursday its third-quarter earnings rose 22.6 percent on solid sales during the back-to-school period, and the department store chain raised its full-year profit forecast.
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Dubai investors deny EADS stake rumor
Nov 9 2006 11:43AM (CT)
PARIS (AP) - Shares of Airbus parent EADS rose sharply Thursday on reports that a Dubai-based investment group was considering acquiring a stake in the European defense group.
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Goodyear reports 3Q loss
Nov 9 2006 11:12AM (CT)
AKRON, Ohio (AP) - Goodyear Tire & Rubber Co., dealing with a 4-week-old strike, reported a loss of $48 million for the third quarter Thursday due to restructuring charges and higher raw material costs. Its sales rose to a company record for any quarter, however, and its shares climbed nearly 10 percent in morning trading.
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Viacom earnings fall; CFO to leave
Nov 9 2006 10:35AM (CT)
NEW YORK (AP) - Entertainment conglomerate Viacom Inc. reported a 16 percent decline in net earnings for its third quarter Thursday on lower movie income and a compensation charge for dismissing its former chief executive, Tom Freston.
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Cisco shares hop after 1Q profit soars
Nov 9 2006 10:20AM (CT)
SAN FRANCISCO (AP) - Shares of Cisco Systems Inc. surged after the company reported a 28-percent jump in quarterly profit on soaring sales of its core products and gains from a recent acquisition.
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HealthSouth posts wider 3Q loss
Nov 9 2006 9:53AM (CT)
BIRMINGHAM, Ala. (AP) - HealthSouth Corp. posted a wider third-quarter loss Thursday as the rehabilitation chain experienced pricing pressure across all divisions, as well as fewer patients in its acute-care hospital sector.
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Adidas 3Q profit rose, cuts outlook
Nov 9 2006 7:47AM (CT)
FRANKFURT, Germany (AP) - Adidas AG, the world's second-biggest maker of sporting goods, said Thursday its third-quarter profit rose 13 percent but warned that its 2007 profit growth will fall short of previous forecasts because of costs related to the acquisition of rival Reebok. Its shares tumbled more than 8 percent.
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Viacom CFO Dolan stepping down
Nov 9 2006 7:46AM (CT)
NEW YORK (AP) - Media company Viacom Inc. on Thursday said Chief Financial Officer Michael J. Dolan will step down at the end of the year.
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Fiat CEO stepping down as auto unit boss
Nov 9 2006 7:15AM (CT)
TURIN, Italy (AP) - Fiat SpA Chief Executive Sergio Marchionne announced Thursday that he step down as the leader of the company's automaking unit nect year and said his successor would come from within the company.
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Report: BoCom plans $2.54B Shanghai IPO
Nov 9 2006 6:21AM (CT)
HONG KONG (AP) - Bank of Communications Ltd., China's fifth largest lender by assets, plans to raise nearly 20 billion yuan ($2.54 billion) in a Shanghai initial public offering in the first half of next year, a newspaper reported Thursday.
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News Corp. posts 1Q profit of $843M
Nov 9 2006 5:10AM (CT)
NEW YORK (AP) - Boosted by better results from cable and broadcast television, News Corp. posted a profit in the latest quarter compared with a year ago, when the media conglomerate's earnings were weighed down by a big accounting charge.
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Rolls-Royce adding 200 employees
Nov 9 2006 3:54AM (CT)
LONDON (AP) - Rolls-Royce is adding 200 employees to meet demand from China for its $380,000 Phantom , a news report said Thursday.
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L.A. billionaires bid to buy Tribune Co.
Nov 9 2006 3:48AM (CT)
LOS ANGELES (AP) - The Los Angeles Times, once the proud flagship of a locally-owned newspaper and television chain until sold six years ago to Chicago-based Tribune Co. could be back in local hands by the end of the year.
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Japanese stocks drop; dollar up vs. yen
Nov 9 2006 3:47AM (CT)
TOKYO (AP) - Japanese stocks slipped Thursday, hurt by declines in bank and real estate stocks amid concerns about a possible lull in the economy. The dollar rose against the yen.
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Lawyers prep for American Indians' suit
Nov 9 2006 3:29AM (CT)
BISMARCK, N.D. (AP) - Attorneys for American Indian farmers and ranchers are gathering information and witnesses for a discrimination case against the federal government.
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Yuan hits new high against U.S. dollar
Nov 9 2006 1:42AM (CT)
BEIJING (AP) - China's yuan rose to a new high the U.S. dollar on Thursday to its highest level since Beijing revalued the currency 16 months ago.
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