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Billionaires set to fight over L.A Times
Nov 12 2006 11:45PM (CT)
LOS ANGELES (AP) - Like a train wreck or a car accident, when rich people do battle, everybody stops to watch. Billionaires Ronald Burkle, Eli Broad and David Geffen haven't taken off the gloves but all signs point to them fighting for ownership of their troubled hometown newspaper, the Los Angeles Times. The fortunes of the Times, the nation's fourth-largest daily newspaper, are being watched closely by a newspaper industry beset by sales, staffing cutbacks and circulation drops.
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U.S. commerce secretary visits Beijing
Nov 12 2006 11:37PM (CT)
BEIJING (AP) - U.S. Commerce Secretary Carlos Gutierrez stressed the importance of U.S.-China trade on Monday at the start of a trip to promote more American exports to China.
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Deutsche Telekom CEO resigns
Nov 12 2006 7:15PM (CT)
FRANKFURT, Germany (AP) - Deutsche Telekom AG Chief Executive Kai-Uwe Ricke will step down from Europe's biggest telecommunications company on Monday, the company said _ making him the second CEO in Germany to lose his job in less than a week.
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SEC, accounting board eye differences
Nov 12 2006 5:06PM (CT)
WASHINGTON (AP) - Regulators are moving toward revising rules for corporate financial controls in response to business complaints that they are overly burdensome and expensive. First, though, the Securities and Exchange Commission and the board that oversees the accounting industry are attempting to resolve differences over changes to be made to a key requirement of a 2002 anti-fraud law enacted after the wave of corporate scandals.
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GOP pressed on offshore drilling limits
Nov 12 2006 4:34PM (CT)
WASHINGTON (AP) - The Democrats' return to power is increasing pressure on House Republican leaders to accept a limited expansion of offshore oil and gas drilling.
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UAE-based Dana Gas to acquire Centurion
Nov 12 2006 3:46PM (CT)
CALGARY, Alberta (AP) - Centurion Energy International Inc., a Canadian oil and gas company with major operations in Egypt, on Sunday agreed to be acquired by Dana Gas PJSC of the United Arab Emirates for 1.15 billion Canadian dollars ($1 billion)
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Congo gov't must bring order to mines
Nov 12 2006 3:39PM (CT)
KINSHASA, Congo (AP) - The biggest challenge facing Congo's first elected government in nearly 50 years is bringing order to a chaotic mining sector whose riches provoked a regional war that killed millions .
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U.S., Mexico activists fight Wal-Mart
Nov 12 2006 3:27PM (CT)
MEXICO CITY (AP) - U.S. and local activists formed a common front on Sunday to fight the expansion of Wal-Mart stores in Mexico, saying small stores and the national culture are under threat from what is already the world's biggest retailer.
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Stock fever abates as Saudi market falls
Nov 12 2006 3:22PM (CT)
RIYADH, Saudi Arabia (AP) - Caught in the fever of Saudi Arabia's booming stock market, Rashed al-Subaie sold his two cars and some land, hoping to double his $46,000 capital _ a reasonable expectation then.
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Congo gov't must bring order to mines
Nov 12 2006 2:43PM (CT)
KINSHASA, Congo (AP) - The biggest challenge facing Congo's first elected government in nearly 50 years is bringing order to a chaotic mining sector whose riches provoked a regional war that killed millions .
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Grape growers loathe, cheer 'noble rot'
Nov 12 2006 1:40PM (CT)
NAPA, Calif. (AP) - Things got fuzzy in the Dolce vineyard this harvest. The mold known as botrytis sneaked in with early rains, and once-pale green semillon grapes shriveled into purple, furry blobs.
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Report: Deutsche Telekom CEO may quit
Nov 12 2006 1:23PM (CT)
DUESSELDORF, Germany (AP) - Deutsche Telekom AG Chief Executive Kai-Uwe Ricke was expected to resign his post Sunday under pressure from disgruntled investors, a person familiar with the matter told Dow Jones Newswires.
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Watchdog: Emirates boom abuses workers
Nov 12 2006 1:20PM (CT)
DUBAI, United Arab Emirates (AP) - The carpenter with the shy smile earns twice what he might back home in India, but Tapas Biswas spends six days a week on the dangerous skeleton of a skyscraper here, guiding crane loads of concrete and girder.
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Unions remind Dems they want results
Nov 12 2006 1:07PM (CT)
WASHINGTON (AP) - With Democrats back in power in Congress, some unions are offering reminders that organized labor helped make that happen _ and have high expectations.
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Asia-Pacific talks may focus on N. Korea
Nov 12 2006 12:36PM (CT)
HANOI, Vietnam (AP) - North Korea is not invited to Pacific Rim summits, but concern over its nuclear program will be keenly felt among world leaders gathering here for the 21-nation annual meeting this coming weekend.
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Investors await retail, inflation data
Nov 12 2006 11:53AM (CT)
NEW YORK (AP) - Wall Street is likely to focus on retail earnings and inflation and other data this week to get a read on whether the economy is slowing enough to stave off recession and prompt the Federal Reserve to eventually lower interest rates.
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Wal-Mart tries to improve fashion trends
Nov 12 2006 5:18AM (CT)
NEW YORK (AP) - This holiday season, a big challenge at Wal-Mart is convincing shoppers like Portia Goodman and Karen Wade to buy fashion instead of just basics.
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