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Kerkorian to sell 14 million GM shares
Nov 22 2006 9:37PM (CT)
DETROIT (AP) - Billionaire investor Kirk Kerkorian may have decided that casinos are a better bet than cars. The dissident General Motors Corp. shareholder said Wednesday that he will slash his stake in the troubled automaker by selling 14 million shares for about $462 million.
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IBM settles overtime lawsuit for $65M
Nov 22 2006 8:51PM (CT)
SAN JOSE, Calif. (AP) - International Business Machines Corp. settled a federal class-action lawsuit Wednesday, agreeing to pay a total of $65 million to 32,000 technology workers who claimed the company illegally withheld overtime pay.
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Disney says E! sale worth $800 million
Nov 22 2006 8:19PM (CT)
LOS ANGELES (AP) - The Walt Disney Co.'s sale of its stake in E! Entertainment Television resulted in a pretax gain of $800 million, the company said Wednesday in an annual report filed with the Securities and Exchange Commission.
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Dell shares soar more than 9 percent
Nov 22 2006 6:44PM (CT)
DALLAS (AP) - Shares of Dell Inc. soared more than 9 percent Wednesday after the company beat Wall Street estimates in a delayed, preliminary third-quarter report that could change depending on the results of an ongoing government investigation into the company's accounting.
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BJ's Wholesale CEO resigns
Nov 22 2006 5:47PM (CT)
BOSTON (AP) - The top executive at BJ's Wholesale Club Inc. resigned Wednesday amid disappointing sales at the nation's No. 3 retail warehouse club, fueling speculation that the company could be ripe for a takeover during the busy holiday shopping season.
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Assets in money market mutual funds rise
Nov 22 2006 5:35PM (CT)
NEW YORK (AP) - Assets of the nation's retail money market mutual funds rose by $8.46 billion in the latest week to $952.48 billion, the Investment Company Institute said Thursday.
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Monster fires counsel amid options probe
Nov 22 2006 5:02PM (CT)
NEW YORK (AP) - Monster Worldwide Inc., the parent of job search site Monster.com, said Wednesday it terminated Myron Olesnyckyj, the company's lead lawyer, as part of its investigation into past stock-option grant practices.
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Judge: No federal class in Vioxx suits
Nov 22 2006 4:53PM (CT)
NEW ORLEANS (AP) - Thousands of federal lawsuits claiming the drug Vioxx caused heart attacks and other conditions that killed or injured people cannot be pooled into one national class action, a judge ruled Wednesday.
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Platinum tumbles on liquidation
Nov 22 2006 4:20PM (CT)
NEW YORK (AP) - Platinum futures closed lower Wednesday when lease rates fell and traders liquidated, while gold and silver futures gave up early gains.
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Construction sets hot item for holidays
Nov 22 2006 4:07PM (CT)
NEW YORK (AP) - A set of Lincoln Logs might not make a child's eyes light up quite like a new video game would, but retailers say parents' concerns about inundating kids with electronics are making construction sets hot items this holiday shopping season.
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Retailers make over holiday gift cards
Nov 22 2006 4:06PM (CT)
NEW YORK (AP) - Retailers _ eager to piggyback off the increasing popularity of gift cards during the holiday season _ are giving the old-fashioned gift card another makeover with new gimmicks.
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Department stores reignite holiday spark
Nov 22 2006 3:43PM (CT)
NEW YORK (AP) - Just like the stores in movies like "A Christmas Story" and "Miracle on 34th Street," department stores were once magical places _ with storybook windows, mounds of toys and gifts and Santa and his elves, enchanting generations of shoppers.
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Oil prices fall as crude supplies surge
Nov 22 2006 3:32PM (CT)
WASHINGTON (AP) - Oil prices fell Wednesday after U.S. government data showed rising supplies of crude. Natural gas futures declined on the heels of a separate report that showed healthy domestic inventories of the home-heating fuel.
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Turkey trend: bringing in the meal
Nov 22 2006 2:55PM (CT)
MANASQUAN, N.J. (AP) - A growing number of consumers have something new to be thankful on Thanksgiving: Someone else cooked the turkey.
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Baggage handlers stop briefly in 2 cities
Nov 22 2006 2:12PM (CT)
MINNEAPOLIS (AP) - Baggage handlers for Northwest Airlines Corp. stopped working briefly in its Detroit and Minneapolis hubs on Wednesday in a dispute over who will clean airplanes, a union official said.
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Hormel 4Q profit rises 9 percent
Nov 22 2006 12:34PM (CT)
AUSTIN, Minn. (AP) - Hormel Foods Corp., the maker of Spam canned meat and Jennie-O Turkey, said on Wednesday that fourth-quarter earnings rose more than 9 percent on strong sales of food ingredients and sugar substitutes.
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Rust Belt shops worry about slow holiday
Nov 22 2006 12:32PM (CT)
AKRON, Ohio (AP) - A few steps from Goodyear Tire & Rubber Co.'s hulking headquarters, striking factory workers marked a month off the job in early November by erecting a lopsided Christmas tree.
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Rust Belt shops worry about slow holiday
Nov 22 2006 12:32PM (CT)
AKRON, Ohio (AP) - A few steps from Goodyear Tire & Rubber Co.'s hulking headquarters, striking factory workers marked a month off the job in early November by erecting a lopsided Christmas tree.
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Rust Belt shops worry about slow holiday
Nov 22 2006 12:32PM (CT)
AKRON, Ohio (AP) - A few steps from Goodyear Tire & Rubber Co.'s hulking headquarters, striking factory workers marked a month off the job in early November by erecting a lopsided Christmas tree.
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Rust Belt shops worry about slow holiday
Nov 22 2006 12:32PM (CT)
AKRON, Ohio (AP) - A few steps from Goodyear Tire & Rubber Co.'s hulking headquarters, striking factory workers marked a month off the job in early November by erecting a lopsided Christmas tree.
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Parents ponying up for pricey toys
Nov 22 2006 12:31PM (CT)
WASHINGTON (AP) - You better watch out: this holiday shopping season could be one of the priciest ever as the most tech-laden and expensive gifts for kids of all ages, from the $299 animatronic pony Butterscotch to a $300 pinball machine, show up at your neighborhood Wal-Mart or Target.
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Parents ponying up for pricey toys
Nov 22 2006 12:31PM (CT)
WASHINGTON (AP) - You better watch out: this holiday shopping season could be one of the priciest ever as the most tech-laden and expensive gifts for kids of all ages, from the $299 animatronic pony Butterscotch to a $300 pinball machine, show up at your neighborhood Wal-Mart or Target.
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Parents ponying up for pricey toys
Nov 22 2006 12:31PM (CT)
WASHINGTON (AP) - You better watch out: this holiday shopping season could be one of the priciest ever as the most tech-laden and expensive gifts for kids of all ages, from the $299 animatronic pony Butterscotch to a $300 pinball machine, show up at your neighborhood Wal-Mart or Target.
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Parents ponying up for pricey toys
Nov 22 2006 12:31PM (CT)
WASHINGTON (AP) - You better watch out: this holiday shopping season could be one of the priciest ever as the most tech-laden and expensive gifts for kids of all ages, from the $299 animatronic pony Butterscotch to a $300 pinball machine, show up at your neighborhood Wal-Mart or Target.
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Parents ponying up for pricey toys
Nov 22 2006 12:31PM (CT)
WASHINGTON (AP) - You better watch out: this holiday shopping season could be one of the priciest ever as the most tech-laden and expensive gifts for kids of all ages, from the $299 animatronic pony Butterscotch to a $300 pinball machine, show up at your neighborhood Wal-Mart or Target.
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Parents ponying up for pricey toys
Nov 22 2006 12:31PM (CT)
WASHINGTON (AP) - You better watch out: this holiday shopping season could be one of the priciest ever as the most tech-laden and expensive gifts for kids of all ages, from the $299 animatronic pony Butterscotch to a $300 pinball machine, show up at your neighborhood Wal-Mart or Target.
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Parents ponying up for pricey toys
Nov 22 2006 12:31PM (CT)
WASHINGTON (AP) - You better watch out: this holiday shopping season could be one of the priciest ever as the most tech-laden and expensive gifts for kids of all ages, from the $299 animatronic pony Butterscotch to a $300 pinball machine, show up at your neighborhood Wal-Mart or Target.
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Stocks are mixed after survey
Nov 22 2006 12:22PM (CT)
NEW YORK (AP) - Wall Street was narrowly mixed Wednesday as investors tried to gauge Americans' buying power going into the holiday shopping season following a report showing a drop in consumer confidence.
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Kerkorian seeks to boost MGM stake
Nov 22 2006 12:13PM (CT)
LAS VEGAS (AP) - Billionaire investor Kirk Kerkorian's Tracinda Corp. on Wednesday said it plans to offer $55 a share in cash for up to 15 million shares of MGM Mirage Inc., boosting its stake in the owner of the Bellagio in Las Vegas and other casinos to more than 60 percent. MGM Mirage shares rose more than 10 percent in morning trading.
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Airbus share of new orders shrinks
Nov 22 2006 11:13AM (CT)
PARIS (AP) - Airbus unvelied a bullish long-term forecast for global aircraft sales on Wednesday but said its share of new orders by value has shrunk to about 36 percent this year from 45 percent last year, as rival Boeing Co. grabbed more sales for mid-size and larger jets.
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Airbus share of new orders shrinks
Nov 22 2006 11:13AM (CT)
PARIS (AP) - Airbus unvelied a bullish long-term forecast for global aircraft sales on Wednesday but said its share of new orders by value has shrunk to about 36 percent this year from 45 percent last year, as rival Boeing Co. grabbed more sales for mid-size and larger jets.
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Airbus share of new orders shrinks
Nov 22 2006 11:13AM (CT)
PARIS (AP) - Airbus unvelied a bullish long-term forecast for global aircraft sales on Wednesday but said its share of new orders by value has shrunk to about 36 percent this year from 45 percent last year, as rival Boeing Co. grabbed more sales for mid-size and larger jets.
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Airbus share of new orders shrinks
Nov 22 2006 11:13AM (CT)
PARIS (AP) - Airbus unvelied a bullish long-term forecast for global aircraft sales on Wednesday but said its share of new orders by value has shrunk to about 36 percent this year from 45 percent last year, as rival Boeing Co. grabbed more sales for mid-size and larger jets.
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Livedoor to sell financial businesses
Nov 22 2006 9:23AM (CT)
TOKYO (AP) - Internet startup Livedoor Co., whose former president was arrested for securities law violations, said Wednesday it will sell all of its financial businesses to Japanese investment firm Advantage Partners Finance Holdings for 17.577 billion yen ($148.96 million).
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Caterpillar moves Asia HQ to Beijing
Nov 22 2006 8:00AM (CT)
PEORIA, Ill. (AP) - Heavy-equipment maker Caterpillar Inc. is shifting its Asia Pacific headquarters from Tokyo to Beijing.
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Japan economy marks recovery milestone
Nov 22 2006 6:34AM (CT)
TOKYO (AP) - Japan's economy has marked its longest economic expansion since World War II, according to a government report Wednesday.
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Cranberry industry expects healthy harvest
Nov 22 2006 4:31AM (CT)
MILWAUKEE (AP) - No one should be denied cranberry scones, cranberry chutney, cranberry mousse or even cranberry chicken stew this year, say growers of the tart red berries.
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Qantas approached amid takeover rumors
Nov 22 2006 3:51AM (CT)
SYDNEY, Australia (AP) - Australia's Qantas Airways has been approached by Macquarie Bank and private equity firm Texas Pacific Group about a takeover that analysts said Wednesday could be worth almost 11 billion Australian dollars, or $8.5 billion.
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Japan stocks up for 2nd day, dollar down
Nov 22 2006 3:08AM (CT)
TOKYO (AP) - Japanese stocks rose Wednesday for a second session as investors scooped up metal, oil, bank and retail shares after the market's recent tumble.
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Alcoa plans to cut 6,700 jobs worldwide
Nov 22 2006 1:30AM (CT)
PITTSBURGH (AP) - Aluminum producer Alcoa Inc. said Tuesday it will shed 6,700 jobs as part of a restructuring program designed to improve profits and efficiency.
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Comcast, Disney ink video-on-demand deal
Nov 22 2006 1:26AM (CT)
LOS ANGELES (AP) - Shows from ESPN, Disney Family, and ABC hits "Lost" and "Desperate Housewives" are among the slate of programming The Walt Disney Co. has licensed for viewing on Comcast Corp.'s video-on-demand service.
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Toyota Camry is Motor Trend car of year
Nov 22 2006 12:26AM (CT)
DETROIT (AP) - The redesigned Toyota Camry, the hottest-selling car in America, is the winner of Motor Trend Magazine's 2007 Car of the Year award.
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