Latest Business News
Economic Figures
Dollar & Gold News
Board of Trade News
Personal Finance
|
|
|
|
|
|
Fannie cutting dividend, selling stock
Dec 4 2007 9:17PM (CT)
WASHINGTON (AP) - Mortgage finance giant Fannie Mae on Tuesday announced it was cutting its dividend 30 percent and selling $7 billion in special stock to raise additional capital.
|
|
|
States sue R.J. Reynolds over Camel ads
Dec 4 2007 9:05PM (CT)
HARRISBURG, Pa. (AP) - Camel ads coupled with illustrations promoting rock music in Rolling Stone magazine violate the tobacco industry's nine-year-old promise not to use cartoons to sell cigarettes, prosecutors in various states said Tuesday.
|
|
|
Dow Chemical to cut 1,000 jobs
Dec 4 2007 7:55PM (CT)
DETROIT (AP) - Dow Chemical Co. announced Tuesday it is cutting 1,000 jobs, or about 2.3 percent of its work force, as part of a plan to rid itself of underperforming businesses and boost its global efficiency.
|
|
|
Dow Chemical to cut 1,000 jobs
Dec 4 2007 7:55PM (CT)
DETROIT (AP) - Dow Chemical Co. announced Tuesday it is cutting 1,000 jobs, or about 2.3 percent of its work force, as part of a plan to rid itself of underperforming businesses and boost its global efficiency.
|
|
|
Home Depot cuts 3 call centers, 950 jobs
Dec 4 2007 7:12PM (CT)
ATLANTA (AP) - The Home Depot Inc. is cutting 950 jobs and closing three call centers that handle orders for home installation, a spokesman said Tuesday.
|
|
|
Court asked to block Alaska oil drilling
Dec 4 2007 6:59PM (CT)
SAN FRANCISCO (AP) - Environmental and Native Alaskan groups asked a federal appeals court Tuesday to block Royal Dutch Shell PLC's plans for exploratory oil drilling near the Arctic National Wildlife Refuge.
|
|
|
Airlines cut costs to offset fuel prices
Dec 4 2007 6:53PM (CT)
DALLAS (AP) - Several major airlines outlined plans Tuesday to slow their growth and cut costs to deal with higher fuel prices and the prospect of an economic slowdown that could hurt air travel.
|
|
|
Treasurys fall but rate cut hopes mount
Dec 4 2007 5:37PM (CT)
NEW YORK (AP) - Treasury prices fell moderately Tuesday, breaking from a recent vigorous rally, but the market still drew support from the rising conviction that the Federal Reserve will cut rates next week.
|
|
|
Treasurys fall but rate cut hopes mount
Dec 4 2007 5:37PM (CT)
NEW YORK (AP) - Treasury prices fell moderately Tuesday, breaking from a recent vigorous rally, but the market still drew support from the rising conviction that the Federal Reserve will cut rates next week.
|
|
|
H&R Block, Cerberus scrap mortgage deal
Dec 4 2007 5:35PM (CT)
KANSAS CITY, Mo. (AP) - H&R Block Inc. said Tuesday that a deal to sell its troubled mortgage lending arm has fallen through, forcing it to scrap most of the $1 billion business.
|
|
|
Oil prices fall ahead of OPEC meeting
Dec 4 2007 4:38PM (CT)
NEW YORK (AP) - Oil prices fell but managed to close above $88 a barrel Tuesday as traders reacted to mixed signals about whether OPEC would decide to increase production during its meeting this week.
|
|
|
Gold jumps as dollar weakens versus euro
Dec 4 2007 4:06PM (CT)
NEW YORK (AP) - Gold prices bolted back above $800 an ounce on Tuesday as stock prices slipped and the U.S. dollar resumed its decline against the euro, making precious metals more attractive as an investment alternative.
|
|
|
Gold jumps as dollar weakens versus euro
Dec 4 2007 4:06PM (CT)
NEW YORK (AP) - Gold prices bolted back above $800 an ounce on Tuesday as stock prices slipped and the U.S. dollar resumed its decline against the euro, making precious metals more attractive as an investment alternative.
|
|
|
Daimler sees high demand for micro car
Dec 4 2007 4:04PM (CT)
WASHINGTON (AP) - Thousands of motorists want to be among the first owners of the fuel-sipping Smart car in the United States, demand that is racing past production capacity, Daimler AG executives said Tuesday.
|
|
|
Daimler sees high demand for micro car
Dec 4 2007 4:04PM (CT)
WASHINGTON (AP) - Thousands of motorists want to be among the first owners of the fuel-sipping Smart car in the United States, demand that is racing past production capacity, Daimler AG executives said Tuesday.
|
|
|
Daimler sees high demand for micro car
Dec 4 2007 4:04PM (CT)
WASHINGTON (AP) - Thousands of motorists want to be among the first owners of the fuel-sipping Smart car in the United States, demand that is racing past production capacity, Daimler AG executives said Tuesday.
|
|
|
Slow-starting e-books find niche markets
Dec 4 2007 3:47PM (CT)
NEW YORK (AP) - For a decade now, publishers have been hoping to wean readers off books and move them to electronic versions, which are much cheaper to produce and distribute.
|
|
|
GM wants stake in AvtoVaz
Dec 4 2007 3:45PM (CT)
DETROIT (AP) - General Motors Corp. is bidding for a stake in Russia's largest carmaker as part of an effort to expand its presence in that rapidly growing market, a GM spokesman confirmed Tuesday.
|
|
|
Merck's profit forecasts disappoint
Dec 4 2007 3:31PM (CT)
NEWARK, N.J. (AP) - The drugmaker Merck & Co. on Tuesday offered profit forecasts for this year and next that fell short of Wall Street expectations, sending its shares lower.
|
|
|
OPEC appears undecided on production
Dec 4 2007 2:12PM (CT)
ABU DHABI, United Arab Emirates (AP) - The U.S. urged OPEC on Tuesday to boost output, but oil ministers appeared undecided on the eve of a key meeting that could help decide whether consumers worldwide will pay more or less at the gas pump and for their heating bills.
|
|
|
OPEC appears undecided on production
Dec 4 2007 2:12PM (CT)
ABU DHABI, United Arab Emirates (AP) - The U.S. urged OPEC on Tuesday to boost output, but oil ministers appeared undecided on the eve of a key meeting that could help decide whether consumers worldwide will pay more or less at the gas pump and for their heating bills.
|
|
|
Southwest cuts growth plans again
Dec 4 2007 1:59PM (CT)
DALLAS (AP) - Southwest Airlines Co. said Tuesday it would slow its planned growth in 2008, the second time this year that the low-cost carrier has reined in expansion as it struggles with high fuel costs.
|
|
|
Corporate leaders upbeat on economy
Dec 4 2007 1:57PM (CT)
WASHINGTON (AP) - The country's top corporate executives foresee pretty good business prospects even as the economy gets squeezed by a housing collapse, a credit crunch, Wall Street turmoil and high energy prices.
|
|
|
Credit-card cos. defend practices
Dec 4 2007 1:54PM (CT)
WASHINGTON (AP) - Credit-card executives on Tuesday deflected congressional criticism of their practice of using falling credit scores to charge customers higher interest rates.
|
|
|
Renewable fuel compromise key to bill
Dec 4 2007 12:36PM (CT)
WASHINGTON (AP) - Democratic leaders working on an energy bill were trying to forge compromises Monday to increase the use of renewable fuels both in cars and by electric utilities after reaching a deal earlier that would raise vehicle fuel economy by 40 percent.
|
|
|
EU employers say get used to strong euro
Dec 4 2007 12:05PM (CT)
BRUSSELS, Belgium (AP) - Europe must acclimate to a consistently strong euro that could send some production outside the region, employers warned Tuesday as high oil prices and a credit crisis threatened the euro zone's economic growth.
|
|
|
EU employers say get used to strong euro
Dec 4 2007 12:05PM (CT)
BRUSSELS, Belgium (AP) - Europe must acclimate to a consistently strong euro that could send some production outside the region, employers warned Tuesday as high oil prices and a credit crisis threatened the euro zone's economic growth.
|
|
|
EU employers say get used to strong euro
Dec 4 2007 12:05PM (CT)
BRUSSELS, Belgium (AP) - Europe must acclimate to a consistently strong euro that could send some production outside the region, employers warned Tuesday as high oil prices and a credit crisis threatened the euro zone's economic growth.
|
|
|
Dollar up against the Euro
Dec 4 2007 6:58AM (CT)
FRANKFURT, Germany (AP) - The dollar edged higher against the euro Tuesday after the European Union acknowledged that growth in the euro zone would increase by only 2 percent next year, news that could weigh on the European Central Bank at its meeting this week.
|
|
|
US charities wary of donated toys
Dec 4 2007 6:50AM (CT)
JACKSON, Miss. (AP) - With millions of toys recalled this year, charities across the country are struggling to play Santa.
|
|
|
College seeks to improve switchgrass yield
Dec 4 2007 6:18AM (CT)
BROOKINGS, S.D. (AP) - Since President Bush slipped the seldom-heard term "switchgrass" into his 2006 State of the Union Address, the prairie grass has been in vogue.
|
|
|
China's draft energy law to up reserves
Dec 4 2007 5:14AM (CT)
SHANGHAI, China (AP) - China has released a draft of a long-awaited energy law that calls for the country to keep larger reserves of oil, uranium and other key resources and to set up a new government department.
|
|
|
Shanghai awaiting approval on Disneyland
Dec 4 2007 3:37AM (CT)
SHANGHAI, China (AP) - Shanghai is awaiting approval of mainland China's first Disneyland, and the theme park could be built on an island in the Yangtze River, according to reports in the mainland and Hong Kong media.
|
|
|
Report: World food prices to rise
Dec 4 2007 2:02AM (CT)
BEIJING (AP) - Food prices are set to rise around the globe after years of decline, with climate change making it harder for the world's poorest to get adequate food, according to a report released Tuesday.
|
|
|
|
|
|