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Murdoch: News Corp. near Liberty buyback
Nov 14 2006 11:12PM (CT)
ADELAIDE, Australia (AP) - Rupert Murdoch said Wednesday his News Corp. was close to a deal to buy back Liberty Media's stake in his media empire, and that the company would probably drop its "poison pill" antitakeover measure if it goes ahead.
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Comair flight attendants OK wage cuts
Nov 14 2006 10:50PM (CT)
CINCINNATI (AP) - Comair flight attendants have voted to accept cuts in wages and other concessions in a deal the Delta subsidiary has claimed was necessary for it to emerge from bankruptcy protection, their union said Tuesday.
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Protesters storm Wal-Mart in Mexico City
Nov 14 2006 9:57PM (CT)
MEXICO CITY (AP) - Demonstrators stormed a Wal-Mart on the outskirts of Mexico City on Tuesday, accusing the U.S.-based retailer of selling low-cost goods at the expense of workers, farmers and public markets.
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Shell companies hamper law enforcement
Nov 14 2006 8:00PM (CT)
WASHINGTON (AP) - Federal law enforcement efforts have been hampered by the absence of information on company ownership, allowing shell companies to be used to launder money and evade taxes, government officials told Congress Tuesday.
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Kimmitt, Bernanke to attend G-20 talks
Nov 14 2006 7:48PM (CT)
WASHINGTON (AP) - Deputy Treasury Secretary Robert Kimmitt and Federal Reserve Chairman Ben Bernanke will represent the United States at global finance meetings this weekend in Australia.
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Fannie Mae pays ousted CEO $2.6 million
Nov 14 2006 7:45PM (CT)
WASHINGTON (AP) - A former Fannie Mae chief executive who was ousted two years ago in the mortgage giant's accounting scandal will receive $2.6 million from the company under a deal disclosed Tuesday that largely resolves a pay dispute.
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Google holds back stock in YouTube deal
Nov 14 2006 6:39PM (CT)
SAN FRANCISCO (AP) - Google Inc. has set aside more than $200 million in its just-completed takeover of YouTube Inc. as a financial cushion to cover losses or possible legal bills for the frequent copyright violations on YouTube's video-sharing site.
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Bonds higher on sales, inflation data
Nov 14 2006 5:54PM (CT)
NEW YORK (AP) - Reports on soft retail sales and producer prices early Tuesday helped U.S. government bond prices ratchet higher, taking yields close to last month's lows.
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Organized labor pushes pro-worker agenda
Nov 14 2006 5:34PM (CT)
WASHINGTON (AP) - AFL-CIO President John Sweeney said Tuesday that organized labor will push quickly for action on economic issues such as the minimum wage, lower prices for prescription drugs and restoring cuts in student loan programs.
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Oil prices steady amid ample supplies
Nov 14 2006 5:34PM (CT)
WASHINGTON (AP) - Crude oil futures were steady Tuesday as traders eyed a comfortable supply and demand picture at the start of the traditional winter heating season in the Northern Hemisphere.
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Vietnam bourse draws attention at summit
Nov 14 2006 5:24PM (CT)
HO CHI MINH CITY, Vietnam (AP) - Pushing and jostling for position, a crowd of investors surged to the center of Ho Chi Minh City's stock exchange to drop bids into several large boxes.
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Housing, lack of storms hurt Home Depot
Nov 14 2006 5:18PM (CT)
ATLANTA (AP) - Home Depot blamed a slowing housing market and a relatively calm hurricane season as it reported Tuesday a 3.1 percent drop in third-quarter profit. The nation's largest home improvement store chain also lowered its earnings-per-share growth guidance for the year and said 2007 will be challenging, too.
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Gold settles down, follows choppy dollar
Nov 14 2006 5:15PM (CT)
NEW YORK (AP) - Gold futures settled lower Tuesday at the New York Mercantile Exchange following the choppy moves of the U.S. dollar and awaiting direction from economic data due later in the week.
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Ford Motor Co. reduces reported losses
Nov 14 2006 5:14PM (CT)
DETROIT (AP) - Accounting errors dating to the beginning of the decade led Ford Motor Co. to restate its earnings on Tuesday, reducing the amount the company has lost since 2001 by $850 million.
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Abercrombie earnings jump 43 percent
Nov 14 2006 5:13PM (CT)
NEW ALBANY, Ohio (AP) - Abercrombie & Fitch said on Tuesday that earnings jumped 43 percent in the third quarter, helped by strong sales at its Hollister line of stores that cater to teens with surfer-inspired looks.
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Investors shrug at Staples' profit
Nov 14 2006 5:12PM (CT)
BOSTON (AP) - Strong back-to-school sales helped lift Staples Inc.'s third-quarter profit 29 percent, but investors were unimpressed after the office products retailer's chief rivals both managed to beat Wall Street expectations.
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Dollar falls against most currencies
Nov 14 2006 5:08PM (CT)
NEW YORK (AP) - The dollar fell against most major currencies Tuesday after the government reported that both wholesale inflation and retail sales declined last month.
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Companies rewrite rules on kids' ads
Nov 14 2006 5:00PM (CT)
MOUNT LAUREL, N.J. (AP) - Ten major food and drink makers, including McDonald's, Coca-Cola and Campbell Soup, announced Tuesday that their child-oriented advertising will do more to promote health foods and exercise.
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Wal-Mart, Target start holiday price war
Nov 14 2006 4:55PM (CT)
NEW YORK (AP) - Wal-Mart and rival Target are brewing up a price war for toys, electronics and other things consumers may want for Christmas that could spell savings for shoppers, but profit woes for retailers in the critical holiday quarter.
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Puerto Rico sales tax set to take effect
Nov 14 2006 4:16PM (CT)
SAN JUAN, Puerto Rico (AP) - Prices go up Wednesday throughout Puerto Rico as the island's first sales tax takes effect, a measure intended to close the budget shortfalls that forced a partial government shutdown this year.
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Major Vonage holders halt registration
Nov 14 2006 3:33PM (CT)
NEW YORK (AP) - Major shareholders owning three-quarters of Internet phone company Vonage Holdings Corp. are holding off on a regulatory step that would make it easier to sell their stock, which has plunged more than 60 percent since a high-profile initial public offering in May.
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Major Vonage holders halt registration
Nov 14 2006 3:33PM (CT)
NEW YORK (AP) - Major shareholders owning three-quarters of Internet phone company Vonage Holdings Corp. are holding off on a regulatory step that would make it easier to sell their stock, which has plunged more than 60 percent since a high-profile initial public offering in May.
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D.R. Horton 4Q profit down, beats Street
Nov 14 2006 2:46PM (CT)
DALLAS (AP) - Home builder D.R. Horton Inc. said Tuesday its latest quarter's profit fell by half as it closed on fewer homes and wrote down the value of options for land it won't buy, while executives warned of another tough year for housing in 2007.
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Germany seizes nearly 1M knockoff Nikes
Nov 14 2006 2:41PM (CT)
HAMBURG, Germany (AP) - German customs officers have seized what they said could be the world's largest haul of counterfeit goods, including nearly 1 million pairs of knockoff Nike sneakers.
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Germany seizes nearly 1M knockoff Nikes
Nov 14 2006 2:41PM (CT)
HAMBURG, Germany (AP) - German customs officers have seized what they said could be the world's largest haul of counterfeit goods, including nearly 1 million pairs of knockoff Nike sneakers.
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Germany seizes nearly 1M knockoff Nikes
Nov 14 2006 2:41PM (CT)
HAMBURG, Germany (AP) - German customs officers have seized what they said could be the world's largest haul of counterfeit goods, including nearly 1 million pairs of knockoff Nike sneakers.
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Bush, automakers discuss industry woes
Nov 14 2006 2:30PM (CT)
WASHINGTON (AP) - President Bush told Detroit-based auto industry leaders on Tuesday that they had "tough choices" to make their companies competitive in a difficult global environment and promised a "continuing dialogue" between government and industry.
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Target 3Q profit rises 16 percent
Nov 14 2006 2:10PM (CT)
MINNEAPOLIS (AP) - Discount retailer Target Corp. said Tuesday its third-quarter profit rose 16 percent, beating analyst expectations as its sales rose 11 percent.
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Pacific Rim leaders warn of consequences
Nov 14 2006 1:35PM (CT)
HANOI, Vietnam (AP) - Pacific Rim leaders call for a resumption of stalled global trade talks in the draft of a statement to be released at their meeting here this weekend. They also instruct their negotiators to be more flexible to avoid the "grave" economic consequences of failure.
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Motorola to buy Netopia for $208M
Nov 14 2006 1:14PM (CT)
SCHAUMBURG, Ill. (AP) - Cell phone maker Motorola Inc. said Tuesday it is buying Netopia Inc., which provides DSL gear and routing equipment to telecommunications companies, for $7 per share, or $208 million in cash.
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U.S. online advertising hits high in 3Q
Nov 14 2006 1:08PM (CT)
NEW YORK (AP) - Internet advertising reached a new high of $4.2 billion in the third quarter, marking the eighth consecutive quarter of growth, according to a study released Tuesday.
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U.S. online advertising hits high in 3Q
Nov 14 2006 1:08PM (CT)
NEW YORK (AP) - Internet advertising reached a new high of $4.2 billion in the third quarter, marking the eighth consecutive quarter of growth, according to a study released Tuesday.
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Pennsylvania's 1st slots casino opens
Nov 14 2006 11:48AM (CT)
WILKES-BARRE, Pa. (AP) - Pennsylvania's first slot-machine parlor, Mohegan Sun at Pocono Downs, opened Tuesday to a shower of confetti and rain as the state embarked on its ambitious plan to have gamblers pay for cuts in property taxes.
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Retail sales fall for 2nd month in a row
Nov 14 2006 8:43AM (CT)
WASHINGTON (AP) - Retail sales dropped for a second consecutive month in October, reflecting in part big declines in the price of gasoline.
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Doha free trade talks suspended 5 years
Nov 14 2006 7:50AM (CT)
GENEVA (AP) - Governments from around the world pledged to great fanfare in Doha that they would make free trade work for even the poorest countries. Five years later, it's just another quiet day at the World Trade Organization.
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APEC mulls Pacific-wide free trade zone
Nov 14 2006 7:38AM (CT)
HANOI, Vietnam (AP) - With global trade talks suspended, the APEC club of 21 Pacific Rim economies is exploring the possibility of creating a massive free-trade zone stretching across the Pacific Ocean, but analysts warn it is a monumental task fraught with political and technical difficulties.
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BPU Banca to buy Banca Lombarda
Nov 14 2006 7:33AM (CT)
MILAN, Italy (AP) - Banche Popolari Unite SCARL is buying Banca Lombarda e Piemontese SpA in a 6.2 billion euro ($7.9 billion) stock deal to create Italy's sixth-largest bank by assets, accelerating the consolidation of the nation's fragmented banking sector.
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Euro-area economy grows 0.5 pct. in 3Q
Nov 14 2006 7:31AM (CT)
BRUSSELS, Belgium (AP) - The economies of the 12 nations that use the euro grew by 0.5 percent in the third quarter, slowing from the second quarter, the EU statistics agency Eurostat said Tuesday.
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PlayStation 3 not playing some older games
Nov 14 2006 4:58AM (CT)
TOKYO (AP) - Sony's PlayStation 3 game console, which went on sale in Japan over the weekend leading off a global launch, can't play some of the older games for the original PlayStation and the upgrade PlayStation 2, a company official said Tuesday.
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Klamath farmers appeal order over salmon
Nov 14 2006 4:16AM (CT)
GRANTS PASS, Ore. (AP) - Klamath Basin farmers are going ahead with their appeal of a federal court ruling that gave more water to salmon, raising doubts among salmon advocates that farmers are really interested in solving the region's environmental problems.
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Airbus A380 lands in Singapore
Nov 14 2006 3:28AM (CT)
SINGAPORE (AP) - The Airbus A380 arrived Tuesday in Singapore, the first Asian stop in final test flights intended lead to the superjumbo's air-worthiness certification by the end of the year.
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Japan's economy expands on investment
Nov 14 2006 3:25AM (CT)
TOKYO (AP) - Japan's economy grew at a stronger-than-expected 2.0 percent annual pace in the July-September quarter, the government said Tuesday, thanks to surprisingly robust corporate investment in factories and equipment.
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Russian president heads to APEC summit
Nov 14 2006 1:11AM (CT)
MOSCOW (AP) - President Vladimir Putin will try to make up for lost time as he meets with other Pacific Rim leaders this weekend at the Asia Pacific Economic Cooperation forum in Vietnam.
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Intel rolls out quad-core processors
Nov 14 2006 12:47AM (CT)
SAN JOSE, Calif. (AP) - Intel Corp., the world's largest computer chip maker, on Tuesday launched a family of chips with four computing engines inside a single microprocessor.
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Colonel gets a makeover in new KFC logo
Nov 14 2006 12:45AM (CT)
LOUISVILLE, Ky. (AP) - Col. Harland Sanders is shedding his white suit jacket for a red cook's apron as the company he founded unveils a worldwide redesign of its KFC restaurants and one of the world's most recognizable icons.
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