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Oil prices climb in Asian trading
Dec 7 2006 11:11PM (CT)
SINGAPORE (AP) - Oil prices rose in Asian trading Friday, supported by expectations of further production cuts by OPEC countries and amid violence in Nigeria, Africa's largest oil producer.
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HP to pay to settle pretexting lawsuit
Dec 7 2006 10:52PM (CT)
SAN JOSE, Calif. (AP) - Hewlett-Packard Co. agreed Thursday to pay $14.5 million to settle a lawsuit brought by state Attorney General Bill Lockyer accusing the company of unfair business practices in its crusade to unmask the source of boardroom leaks to the news media.
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E. coli could hurt Taco Bell sales
Dec 7 2006 10:32PM (CT)
LOS ANGELES (AP) - An E. coli outbreak linked to Taco Bell restaurants left the fast-food chain with a major damage-control challenge Thursday: How can it reassure customers its food is safe even as the suspected cause of the outbreak remained unconfirmed?
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GM execs say design is the new focus
Dec 7 2006 10:13PM (CT)
STERLING HEIGHTS, Mich. (AP) - General Motors Corp. is moving past the cost cuts of 2006 to transform itself into a company that puts car and truck design above everything, company officials said Thursday night.
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GM unwraps the new Saturn Astra
Dec 7 2006 10:09PM (CT)
DETROIT (AP) - A new Saturn small car that will arrive in showrooms late next year is an example of how General Motors Corp. can pool its global resources to roll out high-quality new products at a faster pace, company officials said.
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Seminole Tribe of Fla. buying Hard Rock
Dec 7 2006 9:23PM (CT)
MIAMI (AP) - The Seminole Tribe of Florida said Thursday it was buying the famed Hard Rock business, including its casinos, restaurants, hotels and huge collection of rock 'n' roll memorabilia, in a groundbreaking $965 million deal with a British company.
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Seminole Tribe of Fla. buying Hard Rock
Dec 7 2006 9:23PM (CT)
MIAMI (AP) - The Seminole Tribe of Florida said Thursday it was buying the famed Hard Rock business, including its casinos, restaurants, hotels and huge collection of rock 'n' roll memorabilia, in a groundbreaking $965 million deal with a British company.
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Seminole Tribe of Fla. buying Hard Rock
Dec 7 2006 9:23PM (CT)
MIAMI (AP) - The Seminole Tribe of Florida said Thursday it was buying the famed Hard Rock business, including its casinos, restaurants, hotels and huge collection of rock 'n' roll memorabilia, in a groundbreaking $965 million deal with a British company.
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Japanese stocks mixed, dollar lower
Dec 7 2006 8:33PM (CT)
TOKYO (AP) - Japanese stocks were mixed Friday morning after gaining two days in a row. The dollar was lower against the yen.
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Nissan exec: Hybrid market unprofitable
Dec 7 2006 6:58PM (CT)
WASHINGTON (AP) - A top Nissan Motor Co. executive in North America said Thursday that the hybrid market still remains an unprofitable proposition in the auto industry despite the interest in alternative vehicles.
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Coca-Cola appoints Kent to No. 2 post
Dec 7 2006 6:31PM (CT)
ATLANTA (AP) - The Coca-Cola Co., the world's largest beverage maker, said Thursday it has tapped its international operations chief to fill the company's vacant No. 2 position.
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Wall St. applauds Fannie Mae restatement
Dec 7 2006 6:30PM (CT)
WASHINGTON (AP) - Fannie Mae's restatement of past earnings garnered favorable Wall Street reaction and a stock upgrade Thursday, but experts say the nation's mortgage leader still faces tough work to make its financial reporting current as it emerges from a stunning accounting scandal.
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Wal-Mart drops newly hired ad agency
Dec 7 2006 6:21PM (CT)
NEW YORK (AP) - Wal-Mart Stores Inc. has dropped its newly hired ad agency Interpublic Group of Cos.' DraftFCB, following the departure of a top marketing executive that helped lead Wal-Mart's switch to the new agency.
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Treasury bonds little changed
Dec 7 2006 6:13PM (CT)
NEW YORK (AP) - U.S. Treasury bonds were little changed Thursday, as investors awaited Friday's key U.S. monthly employment report. At 5 p.m. EST, the 10-year Treasury note was unchanged from late Wednesday. Its yield held at 4.49 percent.
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FDA: Heart stents don't up risk of death
Dec 7 2006 5:30PM (CT)
WASHINGTON (AP) - Drug-coated stents that prop open the arteries of about 3 million people in the U.S. don't increase the risk of heart attack or death when used as labeled but may put patients at risk for blood clots, health advisers said Thursday.
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1st chewable contraceptive on market
Dec 7 2006 5:23PM (CT)
TRENTON, N.J. (AP) - Looking for a contraceptive that's convenient _ and tasty? The first chewable birth-control method, a tiny, spearmint-flavored tablet that also can be swallowed without chewing, has hit pharmacy shelves.
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Consumer borrowing falls in October
Dec 7 2006 4:41PM (CT)
WASHINGTON (AP) - Consumer borrowing fell in October by the largest amount in 14 years, reflecting a big drop in auto loans.
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Liberty Media said to get DirecTV
Dec 7 2006 4:28PM (CT)
NEW YORK (AP) - Liberty Media Corp. will gain control over the satellite television broadcaster DirecTV Group Inc. in a deal that will settle a long-running dispute between two powerful media figures, Rupert Murdoch and John Malone, according to a person with knowledge of the discussions.
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Poll shows IM gap between teens, adults
Dec 7 2006 3:39PM (CT)
WASHINGTON (AP) - Teenager Michelle Rome can't imagine life without instant messaging. Baby boomer Steve Wilson doesn't care that it even exists.
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Supreme Court to hear IPO lawsuit
Dec 7 2006 2:21PM (CT)
WASHINGTON (AP) - The Supreme Court agreed Thursday to consider a lawsuit against major Wall Street firms accused of conspiring to manipulate prices on newly issued shares during the stock market boom of the 1990s.
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30-year mortgage rates drop
Dec 7 2006 2:18PM (CT)
WASHINGTON (AP) - Mortgage rates around the country fell this week, with rates on 30-year mortgages dipping to the second lowest level of the year, pushed down by further signs of economic weakness.
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30-year mortgage rates drop
Dec 7 2006 2:18PM (CT)
WASHINGTON (AP) - Mortgage rates around the country fell this week, with rates on 30-year mortgages dipping to the second lowest level of the year, pushed down by further signs of economic weakness.
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European Central Bank raises rates
Dec 7 2006 1:38PM (CT)
FRANKFURT, Germany (AP) - The European Central Bank raised its key interest rate a quarter of a point to 3.5 percent on Thursday, despite strength in the euro that some analysts say could stunt economic growth and hurt the crucial export sector.
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European Central Bank raises rates
Dec 7 2006 1:38PM (CT)
FRANKFURT, Germany (AP) - The European Central Bank raised its key interest rate a quarter of a point to 3.5 percent on Thursday, despite strength in the euro that some analysts say could stunt economic growth and hurt the crucial export sector.
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Lilly sees Icos buy lowering '07 profit
Dec 7 2006 11:42AM (CT)
NEW YORK (AP) - Pharmaceutical company Eli Lilly and Co. on Thursday said its pending acquisition of Icos Corp. will shave 10 cents per share off its 2007 profit, but it expects the deal to boost sales growth starting in 2008.
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Bank of England holds rates steady
Dec 7 2006 7:28AM (CT)
LONDON (AP) - The Bank of England held its key interest rate steady at 5 percent on Thursday, a decision that was widely expected.
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NBC Universal unveils master growth plan
Dec 7 2006 7:27AM (CT)
UNIVERSAL CITY, Calif. (AP) - Studio owner NBC Universal unveiled an ambitious plan to revamp its 390-acre Universal City complex that includes movie sets, office space and a theme park.
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Airbus to invest $1 billion in India
Dec 7 2006 7:06AM (CT)
NEW DELHI (AP) - Airbus on Thursday said it plans to invest some $1 billion in India, setting up an engineering facility and a pilot training school.
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Philly papers face strike as talks stall
Dec 7 2006 5:59AM (CT)
PHILADELPHIA (AP) - Philadelphia's two biggest newspapers could face their first strike since 1985 after talks between management and the newspapers' largest union stalled over the issue of pensions.
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Fruit growers urged to change pesticides
Dec 7 2006 4:19AM (CT)
YAKIMA, Wash. (AP) - Fruit growers are being urged to look for alternative pest controls as government regulators look to quash the use of insecticides deemed unsafe by farmworker advocacy groups.
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Seminole tribe to buy Hard Rock chain
Dec 7 2006 2:53AM (CT)
LONDON (AP) - Rank Group PLC said Thursday it will sell its Hard Rock business, which includes the eponymous cafes, to the Seminole tribe of Florida for $965 million.
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Seminole tribe to buy Hard Rock chain
Dec 7 2006 2:51AM (CT)
LONDON (AP) - Rank Group PLC said Thursday it will sell its Hard Rock business, which includes the eponymous cafes, to the Seminole tribe of Florida for $965 million.
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Delta wants permission to sell aircraft
Dec 7 2006 2:25AM (CT)
ATLANTA (AP) - Delta Air Lines Inc., which is operating under bankruptcy protection, asked for court permission late Wednesday to sell certain Boeing aircraft and acquire others that are either smaller or have longer ranges as it cuts domestic flights and increases international ones.
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Railroads struggle to meet coal demand
Dec 7 2006 2:24AM (CT)
GILLETTE, Wyo. (AP) - The nation's two largest railroads have hauled record amounts of coal from the mines in northeast Wyoming and southeast Montana this year, but Union Pacific Corp. and Burlington Northern Santa Fe Corp. still struggle to keep up with utility demand and existing contracts.
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Boeing shows off digital assembly line
Dec 7 2006 12:35AM (CT)
EVERETT, Wash. (AP) - A powerful computer system that simulates the assembly of Boeing Co.'s new 787 Dreamliner cut typical costs by about 20 percent and trimmed a full year from production, officials said Wednesday.
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Limited promises to reduce paper use
Dec 7 2006 12:20AM (CT)
COLUMBUS, Ohio (AP) - What started with an environmentalist newspaper ad featuring a woman in lingerie holding a chain saw has turned into a commitment from Victoria's Secret's parent company to reduce the amount of paper it uses in its millions of catalogs and take other steps to preserve forests.
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