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AMR to divest its regional airline
Nov 28 2007 9:21PM (CT)
DALLAS (AP) - The parent of American Airlines said Wednesday it plans to sell or spin off its American Eagle regional carrier next year. Its shares rose 6.9 percent.
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Ford agrees to settle rollover case
Nov 28 2007 8:05PM (CT)
SACRAMENTO, Calif. (AP) - Ford Motor Co. on Wednesday ended an era of litigation over its rollover-plagued Explorer sport utility vehicles when it agreed to settle a class-action lawsuit covering plaintiffs in four states.
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Bankers plead guilty in Enron case
Nov 28 2007 8:04PM (CT)
HOUSTON (AP) - Three British bankers who were set to go to trial for their roles in a fraudulent scheme with former Enron Chief Financial Officer Andrew Fastow changed their pleas to guilty Wednesday.
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Bankers plead guilty in Enron case
Nov 28 2007 8:04PM (CT)
HOUSTON (AP) - Three British bankers who were set to go to trial for their roles in a fraudulent scheme with former Enron Chief Financial Officer Andrew Fastow changed their pleas to guilty Wednesday.
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Roche accepts FDA's Tamiflu proposal
Nov 28 2007 6:45PM (CT)
BASEL, Switzerland (AP) - Swiss drugmaker Roche Holding AG has accepted a recommendation by a U.S. Food and Drug Administration panel to put a stronger warning label on its flu treatment Tamiflu, a spokeswoman said Wednesday.
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FCC chief would OK Tribune buyout
Nov 28 2007 6:42PM (CT)
WASHINGTON (AP) - The proposed $8.2 billion buyout of the Tribune Co. could receive a regulatory green light as soon as Friday under a plan put forth by the head of the Federal Communications Commission.
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Existing home sales fall again
Nov 28 2007 6:15PM (CT)
WASHINGTON (AP) - Hit by a severe credit crunch, existing home sales fell for the eighth straight month with median home prices dropping by a record amount.
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Existing home sales fall again
Nov 28 2007 6:15PM (CT)
WASHINGTON (AP) - Hit by a severe credit crunch, existing home sales fell for the eighth straight month with median home prices dropping by a record amount.
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Bush chooses new economic adviser
Nov 28 2007 5:46PM (CT)
WASHINGTON (AP) - President Bush announced on Wednesday that Keith Hennessey will become director of the National Economic Council, replacing Al Hubbard, who is joining a growing line of top presidential advisers exiting the White House as the Bush administration heads into its final year.
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Treasurys lower as funds flow to stocks
Nov 28 2007 5:33PM (CT)
NEW YORK (AP) - Treasury prices dropped Wednesday as the stock market ran up a second straight day of gains, spurred by a Federal Reserve official's hint that more rate cuts may be in store.
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Commodities follow oil prices lower
Nov 28 2007 5:11PM (CT)
NEW YORK (AP) - Gold and silver slumped Wednesday as sharply lower oil prices and a stronger dollar prompted investors to pull back from the precious metals and other hard assets traditionally used to hedge against inflation.
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Commodities follow oil prices lower
Nov 28 2007 5:11PM (CT)
NEW YORK (AP) - Gold and silver slumped Wednesday as sharply lower oil prices and a stronger dollar prompted investors to pull back from the precious metals and other hard assets traditionally used to hedge against inflation.
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Bear Stearns cuts 4 percent of staff
Nov 28 2007 4:34PM (CT)
NEW YORK (AP) - Battered by the subprime mortgage crisis, Bear Stearns Cos. on Wednesday cut 4 percent of its staff in a move that could prelude a final push by investment banks to cull their ranks before bonuses are handed out.
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Dollar rally halts on possible rate cut
Nov 28 2007 4:26PM (CT)
NEW YORK (AP) - The dollar came off an earlier rise against the euro as a speech by a Federal Reserve official on Wednesday boosted investors' hopes of future interest rate cuts.
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Dollar rally halts on possible rate cut
Nov 28 2007 4:26PM (CT)
NEW YORK (AP) - The dollar came off an earlier rise against the euro as a speech by a Federal Reserve official on Wednesday boosted investors' hopes of future interest rate cuts.
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Wolseley to cut 1,300 more US jobs
Nov 28 2007 4:15PM (CT)
LONDON (AP) - Wolseley PLC, the world's largest distributor of plumbing products, said Wednesday it is slashing 1,300 more jobs in the United States as it seeks to cut costs amid the struggling U.S. housing market.
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Oil drops sharply on inventory report
Nov 28 2007 4:06PM (CT)
NEW YORK (AP) - Oil's rise to $100 a barrel, which seemed a done deal as recently as two days ago, was dealt a severe blow Wednesday when the government reported an increase in supplies at the Nymex delivery terminal in Cushing, Okla., which is closely watched by traders as a benchmark of oil inventory tightness.
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Dominion seeks OK for nuke expansion
Nov 28 2007 3:15PM (CT)
RICHMOND, Va. (AP) - Energy company Dominion Resources Inc. has filed an application to build an additional nuclear reactor at its North Anna Power Station, company executives said Wednesday, making the energy company the third to seek federal regulators' permission to build a new nuclear reactor.
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Banks' 3Q profits drop by 25 percent
Nov 28 2007 12:38PM (CT)
WASHINGTON (AP) - Third-quarter profits at federally insured banks and thrifts plunged to a four-year low as large institutions set aside billions to cover losses from bad mortgages, data released Wednesday show.
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Canada looks into chocolate price fixing
Nov 28 2007 10:48AM (CT)
TORONTO (AP) - Regulators have launched an investigation into allegations that the Canadian divisions of Nestle, Cadbury, Hershey and others have teamed up in a price-fixing scheme in the multibillion-dollar Canadian business of chocolate bars, company officials confirmed Wednesday.
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Fed official warns about Wall St turmoil
Nov 28 2007 10:40AM (CT)
WASHINGTON (AP) - If a fresh bout of turmoil on Wall Street persists, it could further crimp the flow of credit to people and businesses, raising risks to economic growth, a Federal Reserve official said Wednesday.
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Fed official warns about Wall St turmoil
Nov 28 2007 10:40AM (CT)
WASHINGTON (AP) - If a fresh bout of turmoil on Wall Street persists, it could further crimp the flow of credit to people and businesses, raising risks to economic growth, a Federal Reserve official said Wednesday.
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Toy maker apologizes for tainted product
Nov 28 2007 10:36AM (CT)
HONG KONG (AP) - The Chinese manufacturer of a toy coated with a chemical that can turn into a "date-rape" drug if ingested apologized Wednesday for damaging the "Made in China" label, a quality-control agency said.
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EU fines 4 glassmakers for price-fixing
Nov 28 2007 10:36AM (CT)
BRUSSELS, Belgium (AP) - Guardian Industries Corp. of the United States and three other companies were fined about $724 million on Wednesday by European regulators who said they fixed the price in Europe of flat glass used to make windows, fire-resistant glass and mirrors.
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EU official: China needs to open markets
Nov 28 2007 9:50AM (CT)
BEIJING (AP) - China's rise as a global trading power obligates it to drop barriers preventing foreign competition in its domestic market and contributing to its ballooning trade surplus, the European Union's top trade official said Wednesday.
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EU official: China needs to open markets
Nov 28 2007 9:50AM (CT)
BEIJING (AP) - China's rise as a global trading power obligates it to drop barriers preventing foreign competition in its domestic market and contributing to its ballooning trade surplus, the European Union's top trade official said Wednesday.
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Cell phone college class opens in Japan
Nov 28 2007 7:59AM (CT)
TOKYO (AP) - Japanese already use cell phones to shop, read novels, exchange e-mail, search for restaurants and take video clips. Now, they can take a university course.
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Cell phone college class opens in Japan
Nov 28 2007 7:59AM (CT)
TOKYO (AP) - Japanese already use cell phones to shop, read novels, exchange e-mail, search for restaurants and take video clips. Now, they can take a university course.
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Qantas apologizes for price-fixing
Nov 28 2007 7:17AM (CT)
SYDNEY, Australia (AP) - Qantas Airways Ltd. apologized Wednesday for price-fixing after the Australian carrier became the third international airline this year to admit to the practice in the United States and agree to pay a multimillion-dollar fine.
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Qantas apologizes for price-fixing
Nov 28 2007 7:17AM (CT)
SYDNEY, Australia (AP) - Qantas Airways Ltd. apologized Wednesday for price-fixing after the Australian carrier became the third international airline this year to admit to the practice in the United States and agree to pay a multimillion-dollar fine.
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Samsung dismisses corruption probe fears
Nov 28 2007 7:16AM (CT)
SEOUL, South Korea (AP) - A Samsung Electronics Co. official said Wednesday that a bribery scandal engulfing the Samsung Group conglomerate is no major cause for concern as he outlined ambitious growth plans for the technology giant.
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Indonesia to plant 79 million trees
Nov 28 2007 7:15AM (CT)
JAKARTA, Indonesia (AP) - Indonesia, which is losing its forests at a faster rate than any other country, launched a campaign Wednesday to plant 79 million trees ahead of a critical climate change conference on the resort island of Bali.
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BHP Billiton to continue to seek merger
Nov 28 2007 4:25AM (CT)
SYDNEY, Australia (AP) - Mining giant BHP Billiton vowed to keep pressing its $150 billion bid to merge with Rio Tinto, telling shareholders Wednesday it was a compelling step despite the rival company's resistance and customers' concerns.
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BHP Billiton to continue to seek merger
Nov 28 2007 4:25AM (CT)
SYDNEY, Australia (AP) - Mining giant BHP Billiton vowed to keep pressing its $150 billion bid to merge with Rio Tinto, telling shareholders Wednesday it was a compelling step despite the rival company's resistance and customers' concerns.
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Opportunities seen for rural America
Nov 28 2007 4:20AM (CT)
CHARLESTON, S.C. (AP) - A top U.S. Agriculture Department official predicts a bright future for rural America if it can take advantage of three things: broadband Internet, $100-a-barrel oil and expanding capitalism in Europe and Asia.
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Chili plants add heat, color to holidays
Nov 28 2007 3:15AM (CT)
ALBUQUERQUE, N.M. (AP) - Watch out, poinsettia growers. With their vibrant colors and spicy edible peppers, small chili plants developed by a New Mexico researcher are turning up the heat on traditional holiday plants in greenhouses and nurseries.
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Chili plants add heat, color to holidays
Nov 28 2007 3:15AM (CT)
ALBUQUERQUE, N.M. (AP) - Watch out, poinsettia growers. With their vibrant colors and spicy edible peppers, small chili plants developed by a New Mexico researcher are turning up the heat on traditional holiday plants in greenhouses and nurseries.
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Chili plants add heat, color to holidays
Nov 28 2007 3:15AM (CT)
ALBUQUERQUE, N.M. (AP) - Watch out, poinsettia growers. With their vibrant colors and spicy edible peppers, small chili plants developed by a New Mexico researcher are turning up the heat on traditional holiday plants in greenhouses and nurseries.
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SEC stirs opposition on shareholder move
Nov 28 2007 1:04AM (CT)
WASHINGTON (AP) - Federal securities regulators appear primed to allow companies to bar shareholders from access to ballots for board elections, a move that major pension funds and governance advocates say could make corporations less responsive to investors' interests.
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Eyes on Freddie's $6 billion stock sale
Nov 28 2007 1:02AM (CT)
WASHINGTON (AP) - Freddie Mac's planned sale of $6 billion in special stock to help shore up its battered finances will be closely watched by investors gauging the damage inflicted by the turmoil this year in the credit and housing markets.
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Wells Fargo plunges into mortgage muck
Nov 28 2007 1:01AM (CT)
SAN FRANCISCO (AP) - After avoiding major trouble most of the year, Wells Fargo & Co. has finally bogged down in the mortgage muck that's muddying one major bank after another.
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