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Japan's economy expands on investment
Nov 13 2006 10:20PM (CT)
TOKYO (AP) - Japan's economy expanded for the seventh straight quarter, as surprisingly robust corporate investment boosted a boom that's becoming the nation's longest since World War II, according to government data released Tuesday.
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Kempthorne touts investing in Pacific
Nov 13 2006 7:50PM (CT)
HONOLULU (AP) - Businesses should invest in the U.S.-backed developing economies of the Pacific Ocean because they provide safe, English-speaking access to Asian markets, said Interior Secretary Dirk Kempthorne on Monday.
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Gates: U.S. education system needs work
Nov 13 2006 6:46PM (CT)
SEATTLE (AP) - Microsoft Corp. Chairman Bill Gates said Monday that the U.S. higher education system is the envy of the world but primary and secondary schools are failing to adequately prepare students for college.
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Bush to meet with auto industry CEOs
Nov 13 2006 5:53PM (CT)
WASHINGTON (AP) - Auto industry leaders plan to stress in a White House meeting that they are not seeking any federal bailout, but want support on health care and trade issues that affect large manufacturers.
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Tribune stock up amid reports of bidding
Nov 13 2006 4:40PM (CT)
CHICAGO (AP) - Tribune Co.'s stock rose modestly Monday amid reports that interest in buying the media conglomerate has stepped up, including a potential bid from Gannett Co., the nation's largest newspaper publisher.
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Oil prices settle below $59 a barrel
Nov 13 2006 4:13PM (CT)
VIENNA, Austria (AP) - Oil prices fell by $1 a barrel Monday despite expectations of higher demand and OPEC production cuts. Mild weekend weather in the Northeast sapped demand for home-heating fuels.
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Delays raise questions over AT&T deal
Nov 13 2006 3:58PM (CT)
ATLANTA (AP) - When AT&T Inc. announced its blockbuster deal to acquire BellSouth Corp. in March, the companies said it would take a year to close. Since then, they moved up the date twice, amid expectations it would get pushed through without much trouble.
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Delays raise questions over AT&T deal
Nov 13 2006 3:58PM (CT)
ATLANTA (AP) - When AT&T Inc. announced its blockbuster deal to acquire BellSouth Corp. in March, the companies said it would take a year to close. Since then, they moved up the date twice, amid expectations it would get pushed through without much trouble.
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Asia summit pushes WTO talks, free trade
Nov 13 2006 3:10PM (CT)
HANOI, Vietnam (AP) - President Bush and Pacific Rim leaders meeting here this weekend will issue an SOS for stalled world trade talks, while mulling a region-wide free trade agreement, officials said Monday.
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DamilmerChrysler bus chief resigns
Nov 13 2006 2:14PM (CT)
BERLIN (AP) - DaimlerChrysler AG said Monday that the head of its bus unit, Wolfgang Diez, had resigned and that it had discovered "irregularities" at the division.
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Report: Toyota eyes 15 pct. market share
Nov 13 2006 12:59PM (CT)
TOKYO (AP) - A leaked copy of Toyota Motor Corp.'s "global master plan" calls for grabbing 15 percent of the world car market by 2010 in the company's quest to unseat rival General Motors, a newspaper said Monday.
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NYSE to book $28 million charge
Nov 13 2006 12:05PM (CT)
NEW YORK (AP) - The New York Stock Exchange reported Monday it will book a $28 million charge to pay severance fees to more than 500 employees expected to be cut from its payrolls by March.
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Private equity firms to buy Eddie Bauer
Nov 13 2006 11:29AM (CT)
REDMOND, Wash. (AP) - Two private equity firms have agreed to buy apparel retailer Eddie Bauer Holdings Inc. for $286 million in cash, the clothing chain said Monday.
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Ford to discuss earnings restatement
Nov 13 2006 11:02AM (CT)
DEARBORN, Mich. (AP) - Ford Motor Co. will hold a conference call on Tuesday to discuss the restatement of its earnings for accounting errors that involved interest rate hedging at its financial arm.
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KB Home CEO leaves after errors found
Nov 13 2006 9:21AM (CT)
LOS ANGELES (AP) - One of the nation's highest-paid executives has left his job after becoming ensnared in a stock options scandal that already has forced dozens of companies across the country to wipe out billions in combined profits.
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U.S. commerce secretary visits China
Nov 13 2006 8:54AM (CT)
BEIJING (AP) - U.S. Commerce Secretary Carlos Gutierrez began a trip to Beijing on Monday to help American entrepreneurs clinch deals and to discuss barriers that have contributed to a soaring and politically touchy Chinese trade surplus.
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U.S. commerce secretary visits China
Nov 13 2006 8:51AM (CT)
BEIJING (AP) - U.S. Commerce Secretary Carlos Gutierrez began a trip to Beijing on Monday to help American entrepreneurs clinch deals and to discuss barriers that have contributed to a soaring and politically touchy Chinese trade surplus.
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Mittal says Dofasco balks at sale
Nov 13 2006 8:50AM (CT)
BRUSSELS, Belgium (AP) - Mittal Steel, which is hoping to complete its purchase of Arcelor SA, said Monday that an independent trust controlling Dofasco Inc. has refused to allow its sale, thwarting its plans to divest the Canadian steelmaker and resolve U.S. antitrust concerns.
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Anadarko selling Gulf of Mexico oilfield
Nov 13 2006 8:15AM (CT)
HOUSTON (AP) - Anadarko Petroleum Corp., one of the nation's largest independent energy exploration and production companies, is selling its Genghis Khan discovery in the Gulf of Mexico for $1.35 billion to owners of the adjacent Shenzi field.
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Japanese stocks fall to 6-week low
Nov 13 2006 8:09AM (CT)
TOKYO (AP) - Japanese stocks fell Monday to a fresh six-week low, hurt by banks, machinery and commodity-related issues ahead of July-September GDP data due Tuesday. The data is widely expected to show softening economic growth.
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Deutsche Telekom names new CEO
Nov 13 2006 7:57AM (CT)
FRANKFURT, Germany (AP) - Deutsche Telekom AG named Rene Obermann, the head of the company's T-Mobile wireless division, as its new chief executive on Monday.
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Dairy farmers get more milk money
Nov 13 2006 4:28AM (CT)
PLEASANT VALLEY, N.Y. (AP) - It's tough to be a dairy farmer right now. Business costs are soaring and wholesale milk prices are low.
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Billionaires set to fight over L.A Times
Nov 13 2006 1:16AM (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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