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Online shopping season begins with deals
Nov 27 2006 11:20PM (CT)
NEW YORK (AP) - After jamming malls on Friday for discounted flat-screen TVs and toys, shoppers clicked onto their computers at work Monday as retailers ushered in the start of the online shopping season with bargains and marketing hype.
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Alaska to cut Point Thomson oil leases
Nov 27 2006 10:35PM (CT)
JUNEAU, Alaska (AP) - The state of Alaska plans to strip oil companies of their leases on the Point Thomson oil and gas field after finding the primary lease holder, Exxon Mobil Corp., failed to come up with a viable plan for developing the field's vast reserves.
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Japanese stocks plunge; Dollar lower
Nov 27 2006 10:08PM (CT)
TOKYO (AP) - Japanese stocks plunged Tuesday morning following Wall Street's worst day in more than four months. The dollar was lower against the yen.
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Mesaba unions aprrove new contracts
Nov 27 2006 7:10PM (CT)
BLOOMINGTON, Minn. (AP) - Unions at Mesaba Aviation Inc. said Monday they have approved new concessionary contracts with the bankrupt airline, a Northwest Airlines feeder.
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Palm slashes earnings guidance on delay
Nov 27 2006 7:02PM (CT)
SAN JOSE, Calif. (AP) - Palm Inc. on Monday slashed its earnings target for the current quarter, blaming a delay in the U.S. launch of a new Treo smart phone.
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Wal-Mart to open its own bank in Mexico
Nov 27 2006 6:59PM (CT)
MEXICO CITY (AP) - Wal-Mart, already Mexico's largest retailer, is hoping to tap into the country's booming consumer-loan market when it opens its own bank in the second half of next year, executives said on Monday.
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Retailers off to strong shopping season
Nov 27 2006 6:32PM (CT)
NEW YORK (AP) - After raiding the nation's stores and malls as early as midnight Friday, the nation's shoppers pulled back on Saturday, resulting in a still solid start to the holiday shopping season, a national research firm that tracks retail sales said Monday.
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Bond prices rise on weakening stocks
Nov 27 2006 6:30PM (CT)
NEW YORK (AP) - U.S. Treasury prices rose Monday after earlier declining on strong retail sales data, as investors reacted to a weakening stock market and prepared for Tuesday's housing and consumer confidence data.
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Supreme Court sides with Philip Morris
Nov 27 2006 6:25PM (CT)
EDWARDSVILLE, Ill. (AP) - The U.S. Supreme Court on Monday let stand a ruling that dismissed a $10.1 billion verdict against Philip Morris USA, ending a case that became a windfall for the county where it originated but helped feed its reputation as a "judicial hellhole."
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Dollar falls versus euro, yen
Nov 27 2006 6:22PM (CT)
NEW YORK (AP) - The dollar weakened to a new 20-month low against the euro Monday, as traders bet the gap between European and U.S. interest rates will keep narrowing.
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Wal-Mart plans banking service in Mexico
Nov 27 2006 6:21PM (CT)
MEXICO CITY (AP) - Wal-Mart Stores Inc. announced Monday that it plans to offer banking services in Mexico in the second half of 2007. Eduardo Solorzano, the president of Wal-Mart de Mexico, or Walmex, also said in a conference call with media that the company will initially finance its banking business with its own capital.
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Ford to get about $18B in financing help
Nov 27 2006 6:20PM (CT)
DETROIT (AP) - Ford Motor Co. said Monday it plans to get about $18 billion in financing to help fund its restructuring and make up for anticipated losses in its automotive operations over the next two years.
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Ford to get about $18B in financing help
Nov 27 2006 6:20PM (CT)
DETROIT (AP) - Ford Motor Co. said Monday it plans to get about $18 billion in financing to help fund its restructuring and make up for anticipated losses in its automotive operations over the next two years.
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Oil prices settle above $60 a barrel
Nov 27 2006 6:19PM (CT)
NEW YORK (AP) - Oil prices rose more than $1 a barrel Monday after an attack on an oil facility in Iraq and after Saudi Arabia's oil minister said OPEC might decide to cut output again when it meets next month.
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Gold, silver prices rise on weak dollar
Nov 27 2006 5:20PM (CT)
NEW YORK (AP) - Gold and silver prices rose on Monday, largely in reaction to a sharply weaker U.S. dollar. December gold climbed to settle at $640.60 a troy ounce on the New York Mercantile Exchange, up $11.60 from Wednesday, ahead of the long Thanksgiving weekend.
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Supreme Court debates pay discrimination
Nov 27 2006 5:13PM (CT)
WASHINGTON (AP) - A former tire plant worker's complaint that she was paid thousands of dollars less than men in the same job made it to the Supreme Court Monday in a case that could affect pay discrimination claims nationwide.
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Judge quashes subpoena in Delta case
Nov 27 2006 2:11PM (CT)
NEW YORK (AP) - A federal bankruptcy judge quashed subpoenas by a pilots union seeking documents related to a hostile takeover bid for Delta Air Lines Inc. and testimony from its chief executive.
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Hertz shares fall below IPO level
Nov 27 2006 1:51PM (CT)
PARK RIDGE, N.J. (AP) - Hertz shares on Monday dipped below $15, the price for the initial public offering of the rental car company less than two weeks ago.
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Retailers hope pace of sales continues
Nov 27 2006 9:48AM (CT)
NEW YORK (AP) - After what appeared to be a strong start to the 2006 holiday shopping season, the question is whether shoppers will have the same zeal for shopping between now and the end of the season when the discounts may not be as steep.
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Top Toyota engineer dies in plane crash
Nov 27 2006 9:10AM (CT)
LOS ANGELES (AP) - A pilot who died when his aerobatic plane plunged into the sea was an engineer who promoted fuel-efficient hybrid vehicles and was dubbed the "American father of the Prius."
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Eurotunnel senior creditors approve plan
Nov 27 2006 8:52AM (CT)
PARIS (AP) - Eurotunnel, the operator of the undersea rail tunnel linking Britain and France, stepped back from the brink of insolvency Monday as key creditors approved a restructuring plan to more than halve its 6.2 billion pound ($12 billion) debt.
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Investment in Vietnam to hit record
Nov 27 2006 8:41AM (CT)
HANOI, Vietnam (AP) - Foreign investment pledges in Vietnam are on pace to set a new annual record, surging by nearly 50 percent so far this year, officials said Monday.
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Ericsson to cut up to 400 jobs in Sweden
Nov 27 2006 8:21AM (CT)
STOCKHOLM, Sweden (AP) - Wireless equipment maker LM Ericsson AB said Monday it will cut up to 400 administrative and sales jobs in Sweden, but many workers will be offered positions with staffing company Manpower Inc.
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Wal-Mart to open retail stores in India
Nov 27 2006 7:42AM (CT)
NEW DELHI (AP) - India may soon have stores displaying the Wal-Mart brand despite government rules that prevent foreign companies from operating multi-product retail chains here.
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Affiliated Computer CEO, CFO resign
Nov 27 2006 7:32AM (CT)
DALLAS (AP) - Information technology company Affiliated Computer Services Inc. said Monday its chief executive and chief financial officer resigned after an investigation into stock options practices found they violated the company's ethics code.
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New apple resistant to apple scab
Nov 27 2006 3:32AM (CT)
BELLEVILLE, Ill. (AP) - Schuyler Korban knows the apple has come a long way since the forbidden fruit got Adam and Eve tossed from the Garden of Eden.
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Bharti Airtel, Wal-Mart sign tie-up deal
Nov 27 2006 1:07AM (CT)
NEW DELHI (AP) - Indian telecommunications company Bharti Airtel has signed a tie-up deal with Wal-Mart to open a chain of retail stores across the country, Sunil B. Mittal, Bharti Airtel's chief executive officer, said Monday.
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