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Pfizer to cut U.S. sales force 20 pct.
Nov 28 2006 11:03PM (CT)
NEW YORK (AP) - Pfizer Inc. said Tuesday it will cut its U.S. sales force by 20 percent, or 2,200 people, as part of a cost-cutting program to transform the company into a more nimble organization as it struggles with sluggish sales.
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Oil prices rises above $61 in Asian
Nov 28 2006 10:59PM (CT)
SINGAPORE (AP) - Oil prices rose above $61 a barrel in Asian electronic trading Wednesday as the market considered a forecast of cold weather in the United States and next month's OPEC meeting.
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Japanese stocks up on real estate gains
Nov 28 2006 9:43PM (CT)
TOKYO (AP) - Japanese stocks index rose Wednesday morning led by gains in real estate and construction issues following positive economic data. The dollar fell against the yen.
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Dollar hits new 20-month low vs. euro
Nov 28 2006 9:33PM (CT)
NEW YORK (AP) - The dollar fell to a new 20-month low against the euro Tuesday, as a spate of disappointing U.S. economic data further dimmed the prospect of higher interest rates in the world's largest economy.
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Bernanke: Interest rate cuts unlikely
Nov 28 2006 8:44PM (CT)
WASHINGTON (AP) - Even with the economy in a slowdown mode, Federal Reserve Chairman Ben Bernanke made clear Tuesday that policymakers want to see inflation continue to recede, suggesting the Fed probably won't be cutting interest rates any time soon.
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Consumer confidence declines in November
Nov 28 2006 6:17PM (CT)
NEW YORK (AP) - Three pillars of the economy _ consumer confidence, orders for manufactured goods and home prices _ showed surprising cracks on Tuesday, flashing signals that growth may slow more heading into the important holiday shopping season.
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Alternative fuel cars pose at auto show
Nov 28 2006 5:16PM (CT)
LOS ANGELES (AP) - Automakers will roll into the Los Angeles Auto Show with a new lineup of concept cars powered by alternative fuels. But activists complain the companies are still moving too slowly to curb the nation's dependence on foreign oil.
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NYSE, NASD to meld regulatory operations
Nov 28 2006 4:56PM (CT)
WASHINGTON (AP) - The companies charged with regulating the two largest U.S. stock exchanges _ the New York Stock Exchange and the Nasdaq Stock Market _ announced plans Tuesday to combine their operations, calling it one of the biggest changes in the regulatory system since its creation 72 years ago.
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Greenspan: worst is over for housing
Nov 28 2006 4:11PM (CT)
NEW YORK (AP) - Former Federal Reserve Chairman Alan Greenspan said on Tuesday that the worst of the housing adjustment was over, and that he was preparing to publish an analysis of the "serious dispute" over the true effect of mortgage wealth on consumer spending.
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Google reaches deal in Belgian dispute
Nov 28 2006 3:32PM (CT)
BRUSSELS, Belgium (AP) - Google Inc. said Tuesday it has struck a content-sharing deal with two organizations to partly settle a dispute in Belgium over news articles available through the Internet search engine.
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US Airways plans pitch for Delta bid
Nov 28 2006 2:43PM (CT)
ATLANTA (AP) - US Airways Group Inc. will pitch its $8.6 billion unsolicited offer for Delta Air Lines Inc. in a meeting this week with Delta and the committee representing the unsecured creditors in Delta's bankruptcy case, a lawyer for the committee said Tuesday.
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Picking Medicare drug plans still tough
Nov 28 2006 2:34PM (CT)
NEW YORK (AP) - Marlys Antonoff takes only two prescription medicines regularly, so selecting an affordable Medicare drug plan for next year was relatively easy. The process for her husband James, who requires 13 prescriptions for a litany of aliments including glaucoma and gout, was not so simple.
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Picking Medicare drug plans still tough
Nov 28 2006 2:34PM (CT)
NEW YORK (AP) - Marlys Antonoff takes only two prescription medicines regularly, so selecting an affordable Medicare drug plan for next year was relatively easy. The process for her husband James, who requires 13 prescriptions for a litany of aliments including glaucoma and gout, was not so simple.
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Picking Medicare drug plans still tough
Nov 28 2006 2:34PM (CT)
NEW YORK (AP) - Marlys Antonoff takes only two prescription medicines regularly, so selecting an affordable Medicare drug plan for next year was relatively easy. The process for her husband James, who requires 13 prescriptions for a litany of aliments including glaucoma and gout, was not so simple.
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Picking Medicare drug plans still tough
Nov 28 2006 2:34PM (CT)
NEW YORK (AP) - Marlys Antonoff takes only two prescription medicines regularly, so selecting an affordable Medicare drug plan for next year was relatively easy. The process for her husband James, who requires 13 prescriptions for a litany of aliments including glaucoma and gout, was not so simple.
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Picking Medicare drug plans still tough
Nov 28 2006 2:34PM (CT)
NEW YORK (AP) - Marlys Antonoff takes only two prescription medicines regularly, so selecting an affordable Medicare drug plan for next year was relatively easy. The process for her husband James, who requires 13 prescriptions for a litany of aliments including glaucoma and gout, was not so simple.
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Picking Medicare drug plans still tough
Nov 28 2006 2:34PM (CT)
NEW YORK (AP) - Marlys Antonoff takes only two prescription medicines regularly, so selecting an affordable Medicare drug plan for next year was relatively easy. The process for her husband James, who requires 13 prescriptions for a litany of aliments including glaucoma and gout, was not so simple.
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Picking Medicare drug plans still tough
Nov 28 2006 2:34PM (CT)
NEW YORK (AP) - Marlys Antonoff takes only two prescription medicines regularly, so selecting an affordable Medicare drug plan for next year was relatively easy. The process for her husband James, who requires 13 prescriptions for a litany of aliments including glaucoma and gout, was not so simple.
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Picking Medicare drug plans still tough
Nov 28 2006 2:34PM (CT)
NEW YORK (AP) - Marlys Antonoff takes only two prescription medicines regularly, so selecting an affordable Medicare drug plan for next year was relatively easy. The process for her husband James, who requires 13 prescriptions for a litany of aliments including glaucoma and gout, was not so simple.
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Tenet Healthcare COO stepping down
Nov 28 2006 1:45PM (CT)
DALLAS (AP) - Tenet Healthcare Corp., the nation's second-largest hospital operator, said Tuesday that its chief operating officer, Reynold J. Jennings, is stepping down from that job and will be succeeded on Jan. 1 by the head of its California hospitals.
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China's reserves spur policy debate
Nov 28 2006 1:28PM (CT)
SHANGHAI, China (AP) - Speculation over China's plans for its $1 trillion in foreign reserves is rattling global currency markets, while fueling a lively debate back home over how Beijing should use its unprecedented wealth.
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Scottish Power OK's $22.5B takeover bid
Nov 28 2006 1:19PM (CT)
LONDON (AP) - Scottish Power PLC said Tuesday it has agreed to a $22.5 billion buyout offer from Spanish company Iberdrola SA that would create one of Europe's biggest utilities in a consolidating market.
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Scottish Power OK's $22.5B takeover bid
Nov 28 2006 1:19PM (CT)
LONDON (AP) - Scottish Power PLC said Tuesday it has agreed to a $22.5 billion buyout offer from Spanish company Iberdrola SA that would create one of Europe's biggest utilities in a consolidating market.
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Scottish Power OK's $22.5B takeover bid
Nov 28 2006 1:19PM (CT)
LONDON (AP) - Scottish Power PLC said Tuesday it has agreed to a $22.5 billion buyout offer from Spanish company Iberdrola SA that would create one of Europe's biggest utilities in a consolidating market.
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Scottish Power OK's $22.5B takeover bid
Nov 28 2006 1:19PM (CT)
LONDON (AP) - Scottish Power PLC said Tuesday it has agreed to a $22.5 billion buyout offer from Spanish company Iberdrola SA that would create one of Europe's biggest utilities in a consolidating market.
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Paulson, Bernanke lead China delegation
Nov 28 2006 12:18PM (CT)
WASHINGTON (AP) - Treasury Secretary Henry Paulson and Federal Reserve Chairman Ben Bernanke will lead a high-level U.S. delegation to Beijing next month for talks aimed at addressing a number trade tensions growing out of America's soaring deficit with China.
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OECD: U.S. slowdown won't hurt Europe
Nov 28 2006 12:07PM (CT)
PARIS (AP) - A likely soft landing for the U.S. economy will not dent the recovery that is gathering pace in Europe, the OECD said Tuesday, as it raised its growth forecast for the 12 nations that use the euro and cut its outlook for the United States.
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Existing home sales rise, prices fall
Nov 28 2006 11:18AM (CT)
WASHINGTON (AP) - Sales of existing homes posted a tiny increase in October but the median home price fell by a record amount. Analysts forecast more price declines in coming months as the once-booming housing market undergoes a painful correction.
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IHOP changes policy of asking for IDs
Nov 28 2006 11:16AM (CT)
QUINCY, Mass. (AP) - John Russo has been a victim of identity theft. So when he was asked to fork over a photo ID just to be seated at an IHOP pancake restaurant, he flipped. "'You want my license? I'm going for pancakes, I'm not buying the Hope diamond,' and they refused to seat us," Russo said, recounting his experience this week at the Quincy IHOP.
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Nokia cuts operating margin targets
Nov 28 2006 10:16AM (CT)
HELSINKI, Finland (AP) - Nokia Corp. on Tuesday cut its operating margin targets, blaming increased exposure to the network infrastructure business. It also predicted global sales of mobile phones would grow by 10 percent in 2007.
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Nokia cuts operating margin targets
Nov 28 2006 10:16AM (CT)
HELSINKI, Finland (AP) - Nokia Corp. on Tuesday cut its operating margin targets, blaming increased exposure to the network infrastructure business. It also predicted global sales of mobile phones would grow by 10 percent in 2007.
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U.S. business delegation visits India
Nov 28 2006 9:15AM (CT)
MUMBAI, India (AP) - A delegation of 250 American business executives arrived in Mumbai Tuesday to explore new opportunities to invest in India and develop partnerships with local companies.
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EMI shares up on report of possible bid
Nov 28 2006 8:42AM (CT)
LONDON (AP) - Shares of record company EMI Group PLC, whose artists include David Bowie and the Beatles, rose more than 6 percent Tuesday after a report that the company is in talks with private equity firms about a possible takeover.
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Orders for manufactured goods plunge
Nov 28 2006 8:34AM (CT)
WASHINGTON (AP) - Orders for big-ticket manufactured goods plunged in October by the largest amount in more than six years, in another sign of a slowing economy.
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Air Berlin orders 60 Boeing 737 jets
Nov 28 2006 7:53AM (CT)
BERLIN (AP) - German budget carrier Air Berlin said Tuesday it is ordering 60 new Boeing 737 jets as it works to secure its future growth.
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Vietnam's WTO membership ratified
Nov 28 2006 7:16AM (CT)
HANOI, Vietnam (AP) - Vietnam's legislature ratified the country's entry into the World Trade Organization on Tuesday, paving the way for the communist nation to become the global trade body's 150th member.
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UMass professor starts ethnic-crop program
Nov 28 2006 4:22AM (CT)
FRAMINGHAM, Mass. (AP) - When Lucia Almeida moved here from Brazil about eight months ago, she assumed her tastes would have to change. How could she expect to find the bitter eggplant called jilo around here? And abobora, the squash that Brazilians hollow out and fill with beef or shrimp stew, surely didn't exist in a Massachusetts grocery store.
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Vermont resorts make snow to make do
Nov 28 2006 12:48AM (CT)
BOLTON, Vt. (AP) - Oh, the bare ground looks just frightful, some white stuff would be delightful. The chair lifts are ready to go. Let it snow, let it snow, let it snow.
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Alaska to cut Point Thomson oil leases
Nov 28 2006 12:44AM (CT)
JUNEAU, Alaska (AP) - Exxon Mobil Corp. is reviewing its legal options in the wake of Alaska's decision to strip it and other oil companies of their leases in the North Slope's Point Thomson oil and gas field.
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