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Latest Business News Archives for December 7, 2007

Macrovision to buy Gemstar-TV Guide
Dec 7 2007 6:07PM (CT)
SAN FRANCISCO (AP) - TV Guide magazine's already fuzzy future looks even more uncertain now that the magazine is part of a proposed $2.8 billion sale to security software specialist Macrovision Corp.
 
Delphi can begin bankruptcy vote process
Dec 7 2007 5:57PM (CT)
NEW YORK (AP) - Delphi Corp. can begin soliciting votes for its plan to exit bankruptcy, the company's lawyer said on Friday, a major step toward letting the auto parts maker proceed with a restructuring that would shed thousands of jobs in plants across the country.
 
Delphi can begin bankruptcy vote process
Dec 7 2007 5:57PM (CT)
NEW YORK (AP) - Delphi Corp. can begin soliciting votes for its plan to exit bankruptcy, the company's lawyer said on Friday, a major step toward letting the auto parts maker proceed with a restructuring that would shed thousands of jobs in plants across the country.
 
Treasurys hit hard by payroll growth
Dec 7 2007 5:39PM (CT)
NEW YORK (AP) - Treasury prices sold off sharply Friday, driving the 10-year yield well above 4 percent after the latest monthly employment report showed an acceptable jobs growth pace for a challenged economy.
 
Treasurys hit hard by payroll growth
Dec 7 2007 5:39PM (CT)
NEW YORK (AP) - Treasury prices sold off sharply Friday, driving the 10-year yield well above 4 percent after the latest monthly employment report showed an acceptable jobs growth pace for a challenged economy.
 
Judge: No evidence for big Prempro award
Dec 7 2007 5:27PM (CT)
PHILADELPHIA (AP) - A woman who claimed that Wyeth's hormone-replacement drug caused her breast cancer did not have sufficient evidence to show the company acted negligently, said a Pennsylvania state court judge who overturned a $3 million award in the woman's case.
 
Judge: No evidence for big Prempro award
Dec 7 2007 5:27PM (CT)
PHILADELPHIA (AP) - A woman who claimed that Wyeth's hormone-replacement drug caused her breast cancer did not have sufficient evidence to show the company acted negligently, said a Pennsylvania state court judge who overturned a $3 million award in the woman's case.
 
Chrysler recalls 600,000 vehicles
Dec 7 2007 5:10PM (CT)
WASHINGTON (AP) - Chrysler LLC said Friday it is recalling nearly 600,000 Dodge trucks and vans to address concerns that the vehicles could shift out of park without the key in the ignition.
 
Dollar drifts lower to pound, euro
Dec 7 2007 4:17PM (CT)
NEW YORK (AP) - The dollar fell against the euro and the pound Friday despite a report from Washington showing brisk wage growth and unemployment holding steady.
 
Wheat prices surge amid strong demand
Dec 7 2007 3:48PM (CT)
NEW YORK (AP) - Wheat prices climbed sharply Friday for a second session amid signs of strong demand from buyers abroad. Egypt locked in supply, and India hinted at future purchases.
 
Jobs report sends oil futures lower
Dec 7 2007 3:37PM (CT)
NEW YORK (AP) - Oil futures retreated Friday, giving back much of the previous session's big gain after the government's November jobs report wasn't as robust as some traders had hoped.
 
Costa Rica, China to explore for oil
Dec 7 2007 3:22PM (CT)
SAN JOSE, Costa Rica (AP) - Costa Rica and China announced Friday they have agreed to jointly explore for oil and natural gas in the Central American country.
 
Weekly U.S. oil and gas rig count up 5
Dec 7 2007 2:48PM (CT)
HOUSTON (AP) - The number of rigs actively exploring for oil and natural gas in the United States rose by five this week to 1,828.
 
Weekly U.S. oil and gas rig count up 5
Dec 7 2007 2:48PM (CT)
HOUSTON (AP) - The number of rigs actively exploring for oil and natural gas in the United States rose by five this week to 1,828.
 
Northern Rock suitor outlines offer
Dec 7 2007 1:20PM (CT)
LONDON (AP) - British investment group Olivant outlined details of its rescue offer for mortgage lender Northern Rock PLC on Friday as U.S. investment firm JC Flowers reportedly pulled out of the bidding process.
 
Northern Rock suitor outlines offer
Dec 7 2007 1:20PM (CT)
LONDON (AP) - British investment group Olivant outlined details of its rescue offer for mortgage lender Northern Rock PLC on Friday as U.S. investment firm JC Flowers reportedly pulled out of the bidding process.
 
No quick fix for subprime mortgages
Dec 7 2007 12:39PM (CT)
WASHINGTON (AP) - Be ready to wait if you want to get information from a toll-free hot line about freezing the interest rate on your subprime mortgage.
 
No quick fix for subprime mortgages
Dec 7 2007 12:39PM (CT)
WASHINGTON (AP) - Be ready to wait if you want to get information from a toll-free hot line about freezing the interest rate on your subprime mortgage.
 
No quick fix for subprime mortgages
Dec 7 2007 12:39PM (CT)
WASHINGTON (AP) - Be ready to wait if you want to get information from a toll-free hot line about freezing the interest rate on your subprime mortgage.
 
Murdoch taps Hinton as CEO of Dow Jones
Dec 7 2007 12:28PM (CT)
NEW YORK (AP) - Rupert Murdoch shook up several top management roles at his media empire Friday, naming a new CEO of Dow Jones & Co. and elevating his son James to a senior position within News Corp. that clearly puts him in line to succeed his father.
 
Murdoch taps Hinton as CEO of Dow Jones
Dec 7 2007 12:28PM (CT)
NEW YORK (AP) - Rupert Murdoch shook up several top management roles at his media empire Friday, naming a new CEO of Dow Jones & Co. and elevating his son James to a senior position within News Corp. that clearly puts him in line to succeed his father.
 
Solid job gains, wage growth in Nov.
Dec 7 2007 11:41AM (CT)
WASHINGTON (AP) - Employers added a modest 94,000 jobs to their payrolls in November, the unemployment rate held steady at 4.7 percent and wages grew briskly, encouraging signs the nation's employment climate is holding up in the face of turbulence in the housing and credit markets.
 
Solid job gains, wage growth in Nov.
Dec 7 2007 11:41AM (CT)
WASHINGTON (AP) - Employers added a modest 94,000 jobs to their payrolls in November, the unemployment rate held steady at 4.7 percent and wages grew briskly, encouraging signs the nation's employment climate is holding up in the face of turbulence in the housing and credit markets.
 
Japan may ease US beef import rule
Dec 7 2007 10:31AM (CT)
TOKYO (AP) - Japan will consider easing restrictions on U.S. beef imports, in an apparent compromise after months of pressure from Washington to do so, according to a news report Friday.
 
Japan may ease US beef import rule
Dec 7 2007 10:31AM (CT)
TOKYO (AP) - Japan will consider easing restrictions on U.S. beef imports, in an apparent compromise after months of pressure from Washington to do so, according to a news report Friday.
 
China: US should take lead on climate
Dec 7 2007 9:43AM (CT)
BALI, Indonesia (AP) - China said Friday it will not consider mandatory cuts on greenhouse gases, saying the United States and other industrialized countries should take the lead in fighting climate change by embracing a less-extravagant lifestyle.
 
China: US should take lead on climate
Dec 7 2007 9:43AM (CT)
BALI, Indonesia (AP) - China said Friday it will not consider mandatory cuts on greenhouse gases, saying the United States and other industrialized countries should take the lead in fighting climate change by embracing a less-extravagant lifestyle.
 
China: US should take lead on climate
Dec 7 2007 9:43AM (CT)
BALI, Indonesia (AP) - China said Friday it will not consider mandatory cuts on greenhouse gases, saying the United States and other industrialized countries should take the lead in fighting climate change by embracing a less-extravagant lifestyle.
 
China: US should take lead on climate
Dec 7 2007 9:43AM (CT)
BALI, Indonesia (AP) - China said Friday it will not consider mandatory cuts on greenhouse gases, saying the United States and other industrialized countries should take the lead in fighting climate change by embracing a less-extravagant lifestyle.
 
China: US should take lead on climate
Dec 7 2007 9:43AM (CT)
BALI, Indonesia (AP) - China said Friday it will not consider mandatory cuts on greenhouse gases, saying the United States and other industrialized countries should take the lead in fighting climate change by embracing a less-extravagant lifestyle.
 
China: US should take lead on climate
Dec 7 2007 9:43AM (CT)
BALI, Indonesia (AP) - China said Friday it will not consider mandatory cuts on greenhouse gases, saying the United States and other industrialized countries should take the lead in fighting climate change by embracing a less-extravagant lifestyle.
 
China: US should take lead on climate
Dec 7 2007 9:43AM (CT)
BALI, Indonesia (AP) - China said Friday it will not consider mandatory cuts on greenhouse gases, saying the United States and other industrialized countries should take the lead in fighting climate change by embracing a less-extravagant lifestyle.
 
China: US should take lead on climate
Dec 7 2007 9:43AM (CT)
BALI, Indonesia (AP) - China said Friday it will not consider mandatory cuts on greenhouse gases, saying the United States and other industrialized countries should take the lead in fighting climate change by embracing a less-extravagant lifestyle.
 
Emap sells magazines, radio to Bauer
Dec 7 2007 9:13AM (CT)
LONDON (AP) - Emap PLC, the publisher of magazines such as FHM and Heat, said Friday it agreed to sell its consumer media and radio units to Heinrich Bauer Verlag KG for $2.3 billion and will return most of the proceeds to shareholders.
 
Trade, food safety in US-China talks
Dec 7 2007 9:08AM (CT)
BEIJING (AP) - Chinese officials say they are willing to discuss ways to ease China's massive trade surplus with the U.S. in talks next week with Treasury Secretary Henry Paulson and other U.S. officials.
 
Solid job gains, wage growth in Nov.
Dec 7 2007 8:52AM (CT)
WASHINGTON (AP) - Employers added a solid 94,000 jobs to their payrolls in November, the unemployment rate held steady at 4.7 percent and wages grew briskly, encouraging signs the nation's employment climate is holding up in the face of turbulence in the housing and credit markets.
 
Solid job gains, wage growth in Nov.
Dec 7 2007 8:52AM (CT)
WASHINGTON (AP) - Employers added a solid 94,000 jobs to their payrolls in November, the unemployment rate held steady at 4.7 percent and wages grew briskly, encouraging signs the nation's employment climate is holding up in the face of turbulence in the housing and credit markets.
 
Japan GDP revised down in 3rd quarter
Dec 7 2007 7:27AM (CT)
TOKYO (AP) - Japan's economy grew less than originally thought in the third quarter because of a downward revision in corporate capital investment, the government said Friday, clouding the outlook for the world's No. 2 economy.
 
ArcelorMittal to bid for China Oriental
Dec 7 2007 7:24AM (CT)
HONG KONG (AP) - ArcelorMittal, the world's largest steelmaker, said Friday it will offer at least $1.65 billion for the remaining shares in China Oriental Group Co. that it does not own after a ruling by Hong Kong's securities regulator.
 
Murdoch's son promoted at News Corp.
Dec 7 2007 7:12AM (CT)
LONDON (AP) - James Murdoch was appointed News Corp.'s chairman and chief executive for Europe and Asia, officials said Friday, suggesting that he would most likely succeed his father, Rupert Murdoch, as head of the company.
 
Dairy farmers learn from California
Dec 7 2007 6:08AM (CT)
LOS ANGELES (AP) - Frank Teunissen helped California became the nation's leading dairy state before he left his family's ranch outside Los Angeles and bought his own 600-acre spread in Idaho.
 
Consumer confidence near 2-year low
Dec 7 2007 6:06AM (CT)
WASHINGTON (AP) - Consumer confidence barely budged from a two-year low as housing troubles, a credit crunch, high energy prices and turbulence on Wall Street continue to make people uneasy about the economy and their own financial situations.
 
Ex-UnitedHealth CEO settles with SEC
Dec 7 2007 6:05AM (CT)
MINNEAPOLIS (AP) - Getting former CEO William McGuire to give back hundreds of millions of dollars in tainted stock options cures one of UnitedHealth's biggest headaches from its backdating scandal. But there are others.
 
Signs points to more Chrysler job cuts
Dec 7 2007 6:03AM (CT)
DETROIT (AP) - For a newly private company, executives at Chrysler LLC haven't been too secretive about the numbers on their balance sheet.
 
Murdoch's son promoted at News Corp.
Dec 7 2007 4:02AM (CT)
LONDON (AP) - James Murdoch was appointed News Corp.'s chairman and chief executive for Europe and Asia, officials said Friday, suggesting that he would most likely succeed his father, Rupert Murdoch.
 
Japanese stocks lifted by Wall St. rally
Dec 7 2007 3:40AM (CT)
TOKYO (AP) - Japanese stocks hit a one-month high Friday, lifted by Wall Street's rally overnight on the U.S. government's plan for dealing with country's credit crisis.
 
China halts exports of Maling canned meat
Dec 7 2007 1:25AM (CT)
SHANGHAI, China (AP) - Exports from one of China's best-known food makers were stopped Friday after Hong Kong authorities said they found unsafe chemicals in canned luncheon meat.
 
   

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