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Latest Business News Archives for November 21, 2006

Dell posts gain in delayed 3Q results
Nov 21 2006 11:13PM (CT)
DALLAS (AP) - Dell Inc. beat analysts' expectations in delayed earnings posted Tuesday, but the computer maker warned the results were preliminary and could change due to an intensifying federal investigation into the company's accounting and financial reporting.
 
Tenn. Saturn workers worry about future
Nov 21 2006 11:00PM (CT)
DETROIT (AP) - The union president at the Saturn plant in Spring Hill, Tenn., said General Motors Corp. has decided not to build a new front-wheel-drive minivan there, leaving workers wondering whether they will have any vehicles to assemble in the future.
 
Japan stocks rise, dollar falls vs yen
Nov 21 2006 10:38PM (CT)
TOKYO (AP) - Japanese stocks rose Wednesday morning led by gains in domestic demand sensitive issues. The dollar fell against the yen.
 
Qantas approached amid takeover rumors
Nov 21 2006 10:02PM (CT)
SYDNEY, Australia (AP) - Australia's national carrier, Qantas, said Wednesday it had been approached by Macquarie Bank and the Texas Pacific Group amid speculation of a takeover that could be worth more than Australian dollars 10 billion ($7.7 billion).
 
Comcast, Disney ink video-on-demand deal
Nov 21 2006 8:48PM (CT)
LOS ANGELES (AP) - Comcast Corp. and The Walt Disney Co. said Tuesday they signed a landmark multibillion-dollar distribution deal that allows the cable operator to distribute Disney content through its video-on-demand service.
 
Alcoa plans to cut 6,700 jobs worldwide
Nov 21 2006 7:25PM (CT)
PITTSBURGH (AP) - Alcoa Inc. plans to cut 6,700 jobs worldwide over the next year as part of a restructuring effort to increase profits, the aluminum maker said Tuesday.
 
Oil prices rise above $60 a barrel
Nov 21 2006 5:45PM (CT)
NEW YORK (AP) - Oil prices climbed above $60 a barrel Tuesday amid temporary trouble with an Alaskan pipeline and a couple of U.S. refinery outages.
 
Google stock price rises above $500
Nov 21 2006 4:47PM (CT)
SAN FRANCISCO (AP) - Google Inc.'s stock price surpassed $500 for the first time Tuesday, marking another milestone in a rapid rise that has catapulted the Internet search leader into the corporate elite.
 
New Macy's stores keep holiday tradition
Nov 21 2006 3:17PM (CT)
CHICAGO (AP) - The bronze signs on the department store's exterior walls still read Marshall Field's, but to Rick Roche, the transformed 10-story Macy's on Chicago's State Street is an unwelcome invader.
 
New Macy's stores keep holiday tradition
Nov 21 2006 3:17PM (CT)
CHICAGO (AP) - The bronze signs on the department store's exterior walls still read Marshall Field's, but to Rick Roche, the transformed 10-story Macy's on Chicago's State Street is an unwelcome invader.
 
New Macy's stores keep holiday tradition
Nov 21 2006 3:17PM (CT)
CHICAGO (AP) - The bronze signs on the department store's exterior walls still read Marshall Field's, but to Rick Roche, the transformed 10-story Macy's on Chicago's State Street is an unwelcome invader.
 
New Macy's stores keep holiday tradition
Nov 21 2006 3:17PM (CT)
CHICAGO (AP) - The bronze signs on the department store's exterior walls still read Marshall Field's, but to Rick Roche, the transformed 10-story Macy's on Chicago's State Street is an unwelcome invader.
 
New Macy's stores keep holiday tradition
Nov 21 2006 3:17PM (CT)
CHICAGO (AP) - The bronze signs on the department store's exterior walls still read Marshall Field's, but to Rick Roche, the transformed 10-story Macy's on Chicago's State Street is an unwelcome invader.
 
New Macy's stores keep holiday tradition
Nov 21 2006 3:17PM (CT)
CHICAGO (AP) - The bronze signs on the department store's exterior walls still read Marshall Field's, but to Rick Roche, the transformed 10-story Macy's on Chicago's State Street is an unwelcome invader.
 
New Macy's stores keep holiday tradition
Nov 21 2006 3:17PM (CT)
CHICAGO (AP) - The bronze signs on the department store's exterior walls still read Marshall Field's, but to Rick Roche, the transformed 10-story Macy's on Chicago's State Street is an unwelcome invader.
 
Prosecutors won't challenge Lay ruling
Nov 21 2006 3:09PM (CT)
HOUSTON (AP) - Federal prosecutors will not challenge a judge's ruling that vacates the conviction of Enron Corp.'s late founder Kenneth Lay for his role in one of the biggest corporate scandals in U.S. history.
 
Mattel claims Bratz maker stole secrets
Nov 21 2006 2:47PM (CT)
LOS ANGELES (AP) - Barbie doll maker Mattel Inc. claims rival MGA Entertainment Inc. stole its concept for the lucrative Bratz doll line and other trade secrets by luring away Mattel employees who fed confidential information to their new employer.
 
Gettelfinger vows to preserve jobs bank
Nov 21 2006 2:34PM (CT)
DETROIT (AP) - United Auto Workers President Ron Gettelfinger reassured General Motors Corp. and Delphi Corp. retirees and workers Tuesday about the safety of their pensions and said the union would try to preserve the jobs bank that guarantees pay for laid-off workers.
 
VW ends Golf car production in Belgium
Nov 21 2006 2:11PM (CT)
BRUSSELS, Belgium (AP) - Volkswagen AG said Tuesday it would stop production of its Golf model at its Belgian plant, shocking workers and government leaders who fear more than 3,500 jobs could be lost.
 
VW ends Golf car production in Belgium
Nov 21 2006 2:11PM (CT)
BRUSSELS, Belgium (AP) - Volkswagen AG said Tuesday it would stop production of its Golf model at its Belgian plant, shocking workers and government leaders who fear more than 3,500 jobs could be lost.
 
VW ends Golf car production in Belgium
Nov 21 2006 2:11PM (CT)
BRUSSELS, Belgium (AP) - Volkswagen AG said Tuesday it would stop production of its Golf model at its Belgian plant, shocking workers and government leaders who fear more than 3,500 jobs could be lost.
 
VW ends Golf car production in Belgium
Nov 21 2006 2:11PM (CT)
BRUSSELS, Belgium (AP) - Volkswagen AG said Tuesday it would stop production of its Golf model at its Belgian plant, shocking workers and government leaders who fear more than 3,500 jobs could be lost.
 
VW ends Golf car production in Belgium
Nov 21 2006 2:11PM (CT)
BRUSSELS, Belgium (AP) - Volkswagen AG said Tuesday it would stop production of its Golf model at its Belgian plant, shocking workers and government leaders who fear more than 3,500 jobs could be lost.
 
VW ends Golf car production in Belgium
Nov 21 2006 2:11PM (CT)
BRUSSELS, Belgium (AP) - Volkswagen AG said Tuesday it would stop production of its Golf model at its Belgian plant, shocking workers and government leaders who fear more than 3,500 jobs could be lost.
 
VW ends Golf car production in Belgium
Nov 21 2006 2:11PM (CT)
BRUSSELS, Belgium (AP) - Volkswagen AG said Tuesday it would stop production of its Golf model at its Belgian plant, shocking workers and government leaders who fear more than 3,500 jobs could be lost.
 
Winn-Dixie emerges from bankruptcy
Nov 21 2006 1:54PM (CT)
JACKSONVILLE, Fla. (AP) - Winn-Dixie Stores Inc. emerged from bankruptcy Tuesday, 21 months after the grocery chain filed for Chapter 11 protection due to huge financial losses caused by competitive pressures.
 
Coffee snobs move on to homemade roasts
Nov 21 2006 1:20PM (CT)
ARLINGTON, Va. (AP) - America's most finicky coffee drinkers tout their caffeine connoisseurship in many, often contradictory, ways. They spend a bundle at Starbucks, or refuse to patronize big chains. They only drink espresso, or decline any cup of joe they didn't brew themselves.
 
Coffee snobs move on to homemade roasts
Nov 21 2006 1:20PM (CT)
ARLINGTON, Va. (AP) - America's most finicky coffee drinkers tout their caffeine connoisseurship in many, often contradictory, ways. They spend a bundle at Starbucks, or refuse to patronize big chains. They only drink espresso, or decline any cup of joe they didn't brew themselves.
 
Coffee snobs move on to homemade roasts
Nov 21 2006 1:20PM (CT)
ARLINGTON, Va. (AP) - America's most finicky coffee drinkers tout their caffeine connoisseurship in many, often contradictory, ways. They spend a bundle at Starbucks, or refuse to patronize big chains. They only drink espresso, or decline any cup of joe they didn't brew themselves.
 
Coffee snobs move on to homemade roasts
Nov 21 2006 1:20PM (CT)
ARLINGTON, Va. (AP) - America's most finicky coffee drinkers tout their caffeine connoisseurship in many, often contradictory, ways. They spend a bundle at Starbucks, or refuse to patronize big chains. They only drink espresso, or decline any cup of joe they didn't brew themselves.
 
Coffee snobs move on to homemade roasts
Nov 21 2006 1:20PM (CT)
ARLINGTON, Va. (AP) - America's most finicky coffee drinkers tout their caffeine connoisseurship in many, often contradictory, ways. They spend a bundle at Starbucks, or refuse to patronize big chains. They only drink espresso, or decline any cup of joe they didn't brew themselves.
 
Avis Budget posts $1 billion 3Q loss
Nov 21 2006 12:30PM (CT)
NEW YORK (AP) - Avis Budget Group Inc. on Tuesday posted a $1.01 billion loss for the third quarter as the car rental company incurred substantial charges related to the breakup of its parent, the former conglomerate Cendant.
 
India and China to boost trade
Nov 21 2006 12:13PM (CT)
NEW DELHI (AP) - The leaders of China and India agreed Tuesday to double trade between their two countries to $40 billion by 2010 and to boost ties that have been marked by suspicions dating to a 1962 border war and rivalry over their regional roles.
 
Deere 4Q profit rises 19 percent
Nov 21 2006 11:57AM (CT)
MOLINE, Ill. (AP) - Higher prices for farm and lawn-care equipment helped lift Deere & Co.'s fiscal fourth-quarter profit by 19 percent. Its stock jumped 5 percent to a new high for the year, even as the company warned of a sales slowdown over the next year.
 
Ryanair CEO rules out raising its bid
Nov 21 2006 10:50AM (CT)
DUBLIN, Ireland (AP) - Michael O'Leary, Ryanair Holdings PLC's combative chief executive, criticized the directors of rival Irish airline Aer Lingus and ruled out raising his takeover offer Tuesday in a letter to the shareholders of the recently privatized airline.
 
France confirms economy's 3Q stagnation
Nov 21 2006 8:52AM (CT)
PARIS (AP) - The French economy ground to a halt in the third quarter as exports slowed, the national statistics agency confirmed Tuesday.
 
Imported models deemed safest vehicles
Nov 21 2006 8:43AM (CT)
DETROIT (AP) - Imported models took all 13 spots on the U.S. insurance industry's list of safest vehicles this year, due mainly to a new requirement that all cars and sport utilities on the list have systems to keep them stable in an emergency.
 
AK Steel's Mansfield workers OK contract
Nov 21 2006 8:23AM (CT)
MIDDLETOWN, Ohio (AP) - Workers at AK Steel Holding Corp.'s Mansfield plant have approved a new four-year contract affecting about 300 hourly production and maintenance employees, the company said.
 
Ball maker: Nike move could cost jobs
Nov 21 2006 7:24AM (CT)
ISLAMABAD, Pakistan (AP) - Nike Inc.'s decision to cancel orders from a Pakistan-based supplier of hand-stitched soccer balls due to labor violations could cost the company more than 4,000 jobs, its general manager said Tuesday.
 
Bill would ban hunting preserves in N.D.
Nov 21 2006 6:23AM (CT)
FARGO, N.D. (AP) - More than a month before North Dakota's legislature starts, landowners and wildlife advocates already are locking horns over a proposal to ban private hunting preserves, known as high-fence game farms.
 
Mitsubishi UFJ, Sumitomo Trust reach deal
Nov 21 2006 1:41AM (CT)
TOKYO (AP) - Mitsubishi UFJ and Sumitomo Trust reached a 2.5 billion yen ($21 million) settlement Tuesday in a dispute over failed merger plans, ending a two-year court battle embroiling Japan's major banking groups.
 
   

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