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S.Korea finds bones in U.S. beef order
Nov 30 2006 11:47PM (CT)
SEOUL, South Korea (AP) - South Korea said Friday it would suspend imports of beef from a U.S. slaughterhouse after inspectors found three bone fragments in a shipment, a violation of an agreement related to mad cow disease.
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Oil prices fall under $63 a barrel
Nov 30 2006 11:30PM (CT)
SINGAPORE (AP) - Oil prices retreated in Asian trading Friday as worries eased over the possibility that Organization of Petroleum Exporting Countries would significantly reduce output to boost prices, following a remark by Venezuela that the cartel's members had agreed to keep oil at $50 a barrel.
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Philly papers' talks could be extended
Nov 30 2006 11:16PM (CT)
PHILADELPHIA (AP) - The largest union at Philadelphia's two biggest newspapers said late Thursday that it was moving toward a contract agreement and would not strike after the midnight deadline, but would continue negotiations if needed.
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Philly papers' talks could be extended
Nov 30 2006 11:16PM (CT)
PHILADELPHIA (AP) - The largest union at Philadelphia's two biggest newspapers said late Thursday that it was moving toward a contract agreement and would not strike after the midnight deadline, but would continue negotiations if needed.
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Philly papers' talks could be extended
Nov 30 2006 11:16PM (CT)
PHILADELPHIA (AP) - The largest union at Philadelphia's two biggest newspapers said late Thursday that it was moving toward a contract agreement and would not strike after the midnight deadline, but would continue negotiations if needed.
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Report: Kerkorian sells full stake in GM
Nov 30 2006 11:07PM (CT)
WASHINGTON (AP) - Dissident General Motors Corp. shareholder Kirk Kerkorian appears to be walking away from his quest to shape the future of the troubled automaker. The Wall Street Journal, citing a person familiar with the matter, reported Thursday on its Web site that the billionaire investor sold his entire remaining investment in GM _ 28 million shares _ at $29.95 a share, a transaction worth more than $800 million.
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Japanese stocks rise on positive data
Nov 30 2006 10:41PM (CT)
TOKYO (AP) - Japanese stocks rose on a string of positive economic data Friday morning. The dollar fell against the yen. The benchmark Nikkei 225 stock index rose 77.73 points, or 0.48 percent, to 16,352.06 points at the end of morning session. The index rose 198.13 points, or 1.23 percent, the day before.
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Wal-Mart's warning unsettles retailers
Nov 30 2006 9:52PM (CT)
NEW YORK (AP) - Wal-Mart Stores Inc. unsettled the retail industry Thursday, reporting a sales decline for the first time in 10 years and warning that its holiday sales would be disappointing. The discounter's news, coupled with a jump in unemployment benefit claims, raised concerns about the strength of the retailing sector at a critical time of the year.
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Unions see opportunity at N.C. plant
Nov 30 2006 8:34PM (CT)
TAR HEEL, N.C. (AP) - For Hector Pizzaro, it wasn't the rigors of a bloody workday spent slicing freshly killed hogs along an assembly line that led him to walk off the job. It was the chance he might lose that job.
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Govt. fights subpoena for Plan B info
Nov 30 2006 8:28PM (CT)
WASHINGTON (AP) - A reproductive rights group is on a "fishing expedition" and should be denied access to White House e-mails and other documents it seeks as part of a lawsuit promoting unfettered access to the morning-after pill, the Justice Department said Thursday.
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U.S. reports unconfirmed cyber threat
Nov 30 2006 8:14PM (CT)
WASHINGTON (AP) - The government issued an alert Thursday to U.S. stock market and banking Web sites about a possible Internet attack from a radical Muslim group, but said the threat was unconfirmed and seemed to pose no immediate danger.
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Paper maker Marcal files Chapter 11
Nov 30 2006 7:31PM (CT)
NEWARK, N.J. (AP) - Marcal Paper Mills Inc., a maker of toilet paper, kitchen towels, napkins and facial tissue, on Thursday filed a voluntary Chapter 11 reorganization bankruptcy petition and blamed rising energy costs.
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Corporate fraud crackdown gone too far?
Nov 30 2006 6:50PM (CT)
WASHINGTON (AP) - A former top Justice Department official who wrote the government's policy to crack down on corporate lawbreaking said Thursday that prosecutors appear to have overreached when targeting some businesses.
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Pfizer increases 2006 earnings outlook
Nov 30 2006 6:23PM (CT)
GROTON, Conn. (AP) - Pfizer Inc. on Thursday raised its earnings guidance for the year as it showcased its pipeline of new drugs and a new approach to dealmaking that it said should put about six new products a year on the market beginning in 2011.
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Pfizer increases 2006 earnings outlook
Nov 30 2006 6:23PM (CT)
GROTON, Conn. (AP) - Pfizer Inc. on Thursday raised its earnings guidance for the year as it showcased its pipeline of new drugs and a new approach to dealmaking that it said should put about six new products a year on the market beginning in 2011.
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Pfizer increases 2006 earnings outlook
Nov 30 2006 6:23PM (CT)
GROTON, Conn. (AP) - Pfizer Inc. on Thursday raised its earnings guidance for the year as it showcased its pipeline of new drugs and a new approach to dealmaking that it said should put about six new products a year on the market beginning in 2011.
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Pfizer increases 2006 earnings outlook
Nov 30 2006 6:23PM (CT)
GROTON, Conn. (AP) - Pfizer Inc. on Thursday raised its earnings guidance for the year as it showcased its pipeline of new drugs and a new approach to dealmaking that it said should put about six new products a year on the market beginning in 2011.
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Pfizer increases 2006 earnings outlook
Nov 30 2006 6:23PM (CT)
GROTON, Conn. (AP) - Pfizer Inc. on Thursday raised its earnings guidance for the year as it showcased its pipeline of new drugs and a new approach to dealmaking that it said should put about six new products a year on the market beginning in 2011.
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Alcatel completes purchase of Lucent
Nov 30 2006 5:41PM (CT)
PARIS (AP) - Two of the world's biggest telecom gear makers have tied the knot, eight months after France's Alcatel SA announced plans to buy U.S. rival Lucent Technologies Inc. and create a global force that can cash in on hot "triple-play" services offering phone, TV and Internet together.
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Heinz 2Q profit drops
Nov 30 2006 5:39PM (CT)
PITTSBURGH (AP) - H.J. Heinz Co., which makes ketchup and a range of other foods, said Thursday its fiscal second-quarter profit slipped 6 percent, reflecting a higher tax rate and the impact of discontinued operations.
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Exxon Mobil CEO warns ending tax breaks
Nov 30 2006 5:26PM (CT)
BOSTON (AP) - Proposals by congressional Democrats to eliminate oil industry tax breaks and subsidies would set a bad example overseas and discourage new industry investments, Exxon Mobil's top executive said Thursday.
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Exxon Mobil CEO warns ending tax breaks
Nov 30 2006 5:26PM (CT)
BOSTON (AP) - Proposals by congressional Democrats to eliminate oil industry tax breaks and subsidies would set a bad example overseas and discourage new industry investments, Exxon Mobil's top executive said Thursday.
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Exxon Mobil CEO warns ending tax breaks
Nov 30 2006 5:26PM (CT)
BOSTON (AP) - Proposals by congressional Democrats to eliminate oil industry tax breaks and subsidies would set a bad example overseas and discourage new industry investments, Exxon Mobil's top executive said Thursday.
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Microsoft releases Vista to businesses
Nov 30 2006 5:23PM (CT)
NEW YORK (AP) - Microsoft Corp. launched its first new computer operating system in five years Thursday, saying that despite delays, the product's emergence is perfectly timed for PC users who increasingly need to coordinate information from a dizzying array of sources.
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Microsoft releases Vista to businesses
Nov 30 2006 5:23PM (CT)
NEW YORK (AP) - Microsoft Corp. launched its first new computer operating system in five years Thursday, saying that despite delays, the product's emergence is perfectly timed for PC users who increasingly need to coordinate information from a dizzying array of sources.
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Microsoft releases Vista to businesses
Nov 30 2006 5:23PM (CT)
NEW YORK (AP) - Microsoft Corp. launched its first new computer operating system in five years Thursday, saying that despite delays, the product's emergence is perfectly timed for PC users who increasingly need to coordinate information from a dizzying array of sources.
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Microsoft releases Vista to businesses
Nov 30 2006 5:23PM (CT)
NEW YORK (AP) - Microsoft Corp. launched its first new computer operating system in five years Thursday, saying that despite delays, the product's emergence is perfectly timed for PC users who increasingly need to coordinate information from a dizzying array of sources.
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Microsoft releases Vista to businesses
Nov 30 2006 5:23PM (CT)
NEW YORK (AP) - Microsoft Corp. launched its first new computer operating system in five years Thursday, saying that despite delays, the product's emergence is perfectly timed for PC users who increasingly need to coordinate information from a dizzying array of sources.
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Microsoft releases Vista to businesses
Nov 30 2006 5:23PM (CT)
NEW YORK (AP) - Microsoft Corp. launched its first new computer operating system in five years Thursday, saying that despite delays, the product's emergence is perfectly timed for PC users who increasingly need to coordinate information from a dizzying array of sources.
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Microsoft releases Vista to businesses
Nov 30 2006 5:23PM (CT)
NEW YORK (AP) - Microsoft Corp. launched its first new computer operating system in five years Thursday, saying that despite delays, the product's emergence is perfectly timed for PC users who increasingly need to coordinate information from a dizzying array of sources.
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Microsoft releases Vista to businesses
Nov 30 2006 5:23PM (CT)
NEW YORK (AP) - Microsoft Corp. launched its first new computer operating system in five years Thursday, saying that despite delays, the product's emergence is perfectly timed for PC users who increasingly need to coordinate information from a dizzying array of sources.
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Bell Labs' history of inventions
Nov 30 2006 4:56PM (CT)
TRENTON, N.J. (AP) - It's the birthplace of the transistor, the laser, the solar cell and the fax machine. Its researchers were the first to hear the echoes of the Big Bang. And now this American legend is part of a French company.
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Wal-Mart predicts slim Dec. sales gain
Nov 30 2006 4:32PM (CT)
NEW YORK (AP) - Wal-Mart Stores Inc. issued a sobering warning for the holiday shopping season Thursday, predicting its December same-store sales gain would be no better than 1 percent.
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H&R Block 2Q loss grows
Nov 30 2006 4:24PM (CT)
KANSAS CITY, Mo. (AP) - H&R Block Inc. on Thursday said its second-quarter loss almost doubled, missing Wall Street expectations as the company's mortgage lending arm continued to hemorrhage cash.
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Dollar falls to 14-year low vs. pound
Nov 30 2006 4:04PM (CT)
NEW YORK (AP) - The dollar fell Thursday to its lowest level against the British pound in 14 years and lost value against the euro and Japanese yen.
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Report cites lack of data on 401(k) fees
Nov 30 2006 2:39PM (CT)
WASHINGTON (AP) - Participants in 401(k) plans may be losing thousands of dollars in retirement savings because of sponsor fees, a report said Thursday, in urging investors be given a clearer picture of the fees they pay.
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Judge approves Delphi's SEC settlement
Nov 30 2006 2:17PM (CT)
NEW YORK (AP) - A federal bankruptcy judge on Thursday approved the settlement of accounting fraud charges against Delphi Corp. and six people, including the auto-parts supplier's former chief financial officer.
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Judge approves Delphi's SEC settlement
Nov 30 2006 2:17PM (CT)
NEW YORK (AP) - A federal bankruptcy judge on Thursday approved the settlement of accounting fraud charges against Delphi Corp. and six people, including the auto-parts supplier's former chief financial officer.
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CVS/Caremark expects to save $400M/year
Nov 30 2006 11:36AM (CT)
NASHVILLE, Tenn. (AP) - Executives of drugstore chain CVS Corp. and prescription benefits manager Caremark Rx Inc. say they will be able to save $400 million a year by combining the companies.
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RJR president to retire in January
Nov 30 2006 11:35AM (CT)
CHARLOTTE, N.C. (AP) - Lynn J. Beasley will retire as president of cigarette maker R.J. Reynolds Tobacco Co. at the start of the new year and be replaced by the president of the Japanese subsidiary of British American Tobacco, R.J. Reynolds announced Thursday.
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Intuit to buy Digital Insight for $1.35B
Nov 30 2006 10:02AM (CT)
MOUNTAIN VIEW, Calif. (AP) - Financial software maker Intuit Inc. said Thursday it agreed to acquire banking software company Digital Insight Corp. in a cash deal valued at about $1.35 billion.
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Delta reports $88M loss for October
Nov 30 2006 9:53AM (CT)
ATLANTA (AP) - Delta Air Lines Inc., which is operating under bankruptcy protection, reported Thursday that it narrowed its loss in October to $88 million.
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German jobless rate falls
Nov 30 2006 7:41AM (CT)
BERLIN (AP) - Germany's unemployment rate dropped to 9.6 percent in November as the number of people out of work fell below 4 million for the first time in more than four years _ the latest evidence of a gathering recovery in Europe's biggest economy.
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Ford says 38,000 accepted buyout offers
Nov 30 2006 7:31AM (CT)
DETROIT (AP) - Ford's hourly work force is shrinking to half its current size, following the announcement Wednesday that 38,000 hourly workers have agreed to accept early retirement or buyout packages this year.
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Angola to ask for OPEC membership
Nov 30 2006 7:11AM (CT)
LUANDA, Angola (AP) - Angola, Africa's largest sub-Saharan oil producer after Nigeria, will apply to join OPEC next month, the government said.
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TiVo posts narrower loss, beating views
Nov 30 2006 5:26AM (CT)
SAN JOSE, Calif. (AP) - Shares of TiVo Inc. fell 5 percent as the maker of digital video recorders posted a narrower third-quarter loss on modest subscriber gains but forecast a wider loss for the current quarter.
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HP lawsuit adds insider trading claims
Nov 30 2006 5:25AM (CT)
SAN JOSE, Calif. (AP) - A shareholder lawsuit over Hewlett-Packard Co.'s ill-fated boardroom spying probe added claims of insider trading on Wednesday, alleging that executives sold millions of dollars in stock just before the scandal broke.
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Ethanol demand boosting corn prices
Nov 30 2006 4:28AM (CT)
INDIANAPOLIS (AP) - The ethanol industry's growing appetite for corn has pushed prices for the grain to their highest levels in a decade amid a surge that agricultural experts say could lead farmers next spring to plant their largest corn crop in 60 years.
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Bug decimating crops, plants in Barbados
Nov 30 2006 1:31AM (CT)
BRIDGETOWN, Barbados (AP) - A foreign bug is sucking the life out of crops and native plants across Barbados, which has already been overrun by an infestation of ravenous snails that are rapidly destroying cultivated fields.
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Chinese magazine criticized for article
Nov 30 2006 1:17AM (CT)
BEIJING (AP) - The Chinese Communist Party has criticized a popular magazine for an article on the country's Cultural Revolution, an editor said Thursday, in the latest example of government pressure on the media.
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