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Citigroup to assume control of SIVs
Dec 13 2007 10:25PM (CT)
NEW YORK (AP) - Citigroup Inc. said Thursday it plans to assume control of the seven "structured investment vehicles" the bank advises to help them repay their debts.
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Writers guild files labor complaint
Dec 13 2007 10:12PM (CT)
LOS ANGELES (AP) - Union officials representing striking Hollywood writers said Thursday they filed an unfair labor practices complaint claiming studios violated federal law by breaking off negotiations.
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Greenspan: Odds rising for a recession
Dec 13 2007 7:00PM (CT)
WASHINGTON (AP) - Former Federal Reserve Chairman Alan Greenspan says the odds the U.S. will fall into a recession are "clearly rising" and he believes economic growth is "getting close to stall speed."
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Murdoch completes $5B deal for Dow Jones
Dec 13 2007 6:17PM (CT)
NEW YORK (AP) - Rupert Murdoch completed his $5 billion-plus deal to acquire Dow Jones & Co. Thursday, adding The Wall Street Journal to his global media conglomerate News Corp. and ending a century of control by the Bancroft family.
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Murdoch completes $5B deal for Dow Jones
Dec 13 2007 6:17PM (CT)
NEW YORK (AP) - Rupert Murdoch completed his $5 billion-plus deal to acquire Dow Jones & Co. Thursday, adding The Wall Street Journal to his global media conglomerate News Corp. and ending a century of control by the Bancroft family.
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Murdoch completes $5B deal for Dow Jones
Dec 13 2007 6:17PM (CT)
NEW YORK (AP) - Rupert Murdoch completed his $5 billion-plus deal to acquire Dow Jones & Co. Thursday, adding The Wall Street Journal to his global media conglomerate News Corp. and ending a century of control by the Bancroft family.
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Murdoch completes $5B deal for Dow Jones
Dec 13 2007 6:17PM (CT)
NEW YORK (AP) - Rupert Murdoch completed his $5 billion-plus deal to acquire Dow Jones & Co. Thursday, adding The Wall Street Journal to his global media conglomerate News Corp. and ending a century of control by the Bancroft family.
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Murdoch completes $5B deal for Dow Jones
Dec 13 2007 6:17PM (CT)
NEW YORK (AP) - Rupert Murdoch completed his $5 billion-plus deal to acquire Dow Jones & Co. Thursday, adding The Wall Street Journal to his global media conglomerate News Corp. and ending a century of control by the Bancroft family.
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Murdoch completes $5B deal for Dow Jones
Dec 13 2007 6:17PM (CT)
NEW YORK (AP) - Rupert Murdoch completed his $5 billion-plus deal to acquire Dow Jones & Co. Thursday, adding The Wall Street Journal to his global media conglomerate News Corp. and ending a century of control by the Bancroft family.
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No to over-the-counter cholesterol drug
Dec 13 2007 6:17PM (CT)
WASHINGTON (AP) - Government advisers on Thursday rejected Merck & Co.'s bid for over-the-counter sales of Mevacor, the granddaddy of the famed cholesterol-lowering drugs.
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Treasurys off on worries over bank plan
Dec 13 2007 6:01PM (CT)
NEW YORK (AP) - Treasury prices sold off sharply Thursday as doubts surfaced about a coordinated plan by five central banks to keep stressed capital markets funded at year-end.
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Treasurys off on worries over bank plan
Dec 13 2007 6:01PM (CT)
NEW YORK (AP) - Treasury prices sold off sharply Thursday as doubts surfaced about a coordinated plan by five central banks to keep stressed capital markets funded at year-end.
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Lufthansa pays $300M for JetBlue stake
Dec 13 2007 5:36PM (CT)
NEW YORK (AP) - Germany's biggest airline, Deutsche Lufthansa AG, said Thursday it is paying $300 million for a 19 percent stake in JetBlue Airways Corp., whose stock has lost about half its value since an operational meltdown last Valentine's Day.
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Lufthansa pays $300M for JetBlue stake
Dec 13 2007 5:36PM (CT)
NEW YORK (AP) - Germany's biggest airline, Deutsche Lufthansa AG, said Thursday it is paying $300 million for a 19 percent stake in JetBlue Airways Corp., whose stock has lost about half its value since an operational meltdown last Valentine's Day.
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Senate set to OK fuel economy boost
Dec 13 2007 5:26PM (CT)
WASHINGTON (AP) - The Senate appeared set to approve a trimmed-back energy bill that will bring higher-gas mileage cars and SUVs into showrooms in the coming decade and fill their tanks with ethanol.
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Dow Chem. joint venture deal nets $9.5B
Dec 13 2007 5:11PM (CT)
GRAND RAPIDS, Mich. (AP) - Dow Chemical plans to sell a 50 percent interest in five of its global businesses to a Kuwaiti company for about $9.5 billion and form a new joint petrochemicals venture, the world's second largest chemical company said Thursday.
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Costco 1Q profit up, shares fall
Dec 13 2007 4:55PM (CT)
SEATTLE (AP) - Warehouse retailer Costco Wholesale Corp. said Thursday its fiscal first-quarter profit rose 11 percent on increased sales and higher revenue from membership fees.
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Costco 1Q profit up, shares fall
Dec 13 2007 4:55PM (CT)
SEATTLE (AP) - Warehouse retailer Costco Wholesale Corp. said Thursday its fiscal first-quarter profit rose 11 percent on increased sales and higher revenue from membership fees.
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Lehman 4Q profit down, beats estimates
Dec 13 2007 4:41PM (CT)
NEW YORK (AP) - Lehman Brothers Holdings Inc. reported its third straight quarter of losses on Thursday, due to further turmoil in global credit markets, but the company managed to offset most of its problems and easily beat Wall Street expectations.
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Euronet says MoneyGram bid was rejected
Dec 13 2007 4:36PM (CT)
MINNEAPOLIS (AP) - Money transfer firm Euronet Worldwide Inc. announced an ambitious and aggressive bid for its larger rival MoneyGram on Thursday, including a threat of a proxy fight if MoneyGram continues to spurn it.
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Gold, silver down as dollar rallies
Dec 13 2007 4:35PM (CT)
NEW YORK (AP) - Gold futures fell sharply Thursday in a continuing market reaction to the announcement that the Federal Reserve and other central banks will take major steps to ensure year-end liquidity for financial institutions.
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Oil falls amid profit-taking
Dec 13 2007 3:42PM (CT)
NEW YORK (AP) - Oil futures fell Thursday as investors, expecting an ongoing price slide, sold to lock in profits from the previous session's big gains.
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Business leaders, India's new hot export
Dec 13 2007 3:04PM (CT)
NEW YORK (AP) - The ascension of Indian-born leaders like Vikram Pandit, the new CEO of Citigroup Inc., tracks the economic rise of their home country, once seen by U.S. business as a large market and a source of low-cost technology workers, now viewed as a business power that rivals the U.S. in some industries.
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Business leaders, India's new hot export
Dec 13 2007 3:04PM (CT)
NEW YORK (AP) - The ascension of Indian-born leaders like Vikram Pandit, the new CEO of Citigroup Inc., tracks the economic rise of their home country, once seen by U.S. business as a large market and a source of low-cost technology workers, now viewed as a business power that rivals the U.S. in some industries.
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Business leaders, India's new hot export
Dec 13 2007 3:04PM (CT)
NEW YORK (AP) - The ascension of Indian-born leaders like Vikram Pandit, the new CEO of Citigroup Inc., tracks the economic rise of their home country, once seen by U.S. business as a large market and a source of low-cost technology workers, now viewed as a business power that rivals the U.S. in some industries.
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Business leaders, India's new hot export
Dec 13 2007 3:04PM (CT)
NEW YORK (AP) - The ascension of Indian-born leaders like Vikram Pandit, the new CEO of Citigroup Inc., tracks the economic rise of their home country, once seen by U.S. business as a large market and a source of low-cost technology workers, now viewed as a business power that rivals the U.S. in some industries.
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Business leaders, India's new hot export
Dec 13 2007 3:04PM (CT)
NEW YORK (AP) - The ascension of Indian-born leaders like Vikram Pandit, the new CEO of Citigroup Inc., tracks the economic rise of their home country, once seen by U.S. business as a large market and a source of low-cost technology workers, now viewed as a business power that rivals the U.S. in some industries.
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Business leaders, India's new hot export
Dec 13 2007 3:04PM (CT)
NEW YORK (AP) - The ascension of Indian-born leaders like Vikram Pandit, the new CEO of Citigroup Inc., tracks the economic rise of their home country, once seen by U.S. business as a large market and a source of low-cost technology workers, now viewed as a business power that rivals the U.S. in some industries.
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Business leaders, India's new hot export
Dec 13 2007 3:04PM (CT)
NEW YORK (AP) - The ascension of Indian-born leaders like Vikram Pandit, the new CEO of Citigroup Inc., tracks the economic rise of their home country, once seen by U.S. business as a large market and a source of low-cost technology workers, now viewed as a business power that rivals the U.S. in some industries.
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Business leaders, India's new hot export
Dec 13 2007 3:04PM (CT)
NEW YORK (AP) - The ascension of Indian-born leaders like Vikram Pandit, the new CEO of Citigroup Inc., tracks the economic rise of their home country, once seen by U.S. business as a large market and a source of low-cost technology workers, now viewed as a business power that rivals the U.S. in some industries.
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Business leaders, India's new hot export
Dec 13 2007 3:04PM (CT)
NEW YORK (AP) - The ascension of Indian-born leaders like Vikram Pandit, the new CEO of Citigroup Inc., tracks the economic rise of their home country, once seen by U.S. business as a large market and a source of low-cost technology workers, now viewed as a business power that rivals the U.S. in some industries.
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Business leaders, India's new hot export
Dec 13 2007 3:04PM (CT)
NEW YORK (AP) - The ascension of Indian-born leaders like Vikram Pandit, the new CEO of Citigroup Inc., tracks the economic rise of their home country, once seen by U.S. business as a large market and a source of low-cost technology workers, now viewed as a business power that rivals the U.S. in some industries.
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J.K. Rowling fairy tale sells for $4M
Dec 13 2007 12:38PM (CT)
LONDON (AP) - A book of fairy tales created, handwritten and illustrated by J.K. Rowling sold for nearly $4 million at auction Thursday.
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J.K. Rowling fairy tale sells for $4M
Dec 13 2007 12:38PM (CT)
LONDON (AP) - A book of fairy tales created, handwritten and illustrated by J.K. Rowling sold for nearly $4 million at auction Thursday.
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J.K. Rowling fairy tale sells for $4M
Dec 13 2007 12:38PM (CT)
LONDON (AP) - A book of fairy tales created, handwritten and illustrated by J.K. Rowling sold for nearly $4 million at auction Thursday.
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Mortgage rates climb this week
Dec 13 2007 11:55AM (CT)
WASHINGTON (AP) - Mortgage rates, which had been sliding, went up this week, disappointing news to would-be home buyers.
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Mortgage rates climb this week
Dec 13 2007 11:55AM (CT)
WASHINGTON (AP) - Mortgage rates, which had been sliding, went up this week, disappointing news to would-be home buyers.
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Northern Rock CEO departs
Dec 13 2007 10:03AM (CT)
LONDON (AP) - Northern Rock PLC's chief executive will step down immediately rather than in February as planned, the troubled mortgage lender said Thursday.
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H&R Block to take $74.8 million charge
Dec 13 2007 9:28AM (CT)
NEW YORK (AP) - H&R Block confirmed wider second-quarter losses Thursday and the tax preparer said it would record restructuring charges of $74.8 million on the failure of its mortgage arm.
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Novartis to cut 2,500 jobs by 2010
Dec 13 2007 7:43AM (CT)
BASEL, Switzerland (AP) - Novartis AG will cut 2,500 jobs worldwide by 2010 in an attempt to save $1.6 billion, the drug maker said Thursday.
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China industrial growth slows in Nov.
Dec 13 2007 7:22AM (CT)
SHANGHAI, China (AP) - China's industrial output growth slowed in November to register the second straight month of decline in the expansion rate, according to statistics released by the government Thursday.
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Think tanks cut German growth forecasts
Dec 13 2007 7:21AM (CT)
BERLIN (AP) - Germany's economy, the largest in Europe, will grow more slowly than expected both this year and next, two top research institutes said Thursday.
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Lawsuits allege milk wasn't organic
Dec 13 2007 6:36AM (CT)
SEATTLE (AP) - Some of the nation's largest retailers and grocery chains sold milk labeled "organic" that was not truly organic, recently filed lawsuits allege.
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Asia-Pacific's economy likely to slow
Dec 13 2007 6:34AM (CT)
SINGAPORE (AP) - Asia's economic growth is likely to be constrained by an expected slowdown in the U.S. economy and potential spillover from the subprime mortgage crisis, two economic forecasts released Thursday said.
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Biogen says it plans to stay independent
Dec 13 2007 6:32AM (CT)
BOSTON (AP) - Two months after Biogen Idec Inc. said it was considering putting itself up for sale, the biotechnology company said it will remain independent, sending its shares plummeting nearly 27 percent.
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US, China hold pointed trade talks
Dec 13 2007 6:23AM (CT)
XIANGHE, China (AP) - American and Chinese officials ended two days of economic talks Thursday by calling for calmer heads to avoid trade spats after clashing over who was responsible for Beijing's massive trade surplus.
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US, China hold pointed trade talks
Dec 13 2007 6:23AM (CT)
XIANGHE, China (AP) - American and Chinese officials ended two days of economic talks Thursday by calling for calmer heads to avoid trade spats after clashing over who was responsible for Beijing's massive trade surplus.
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US, China hold pointed trade talks
Dec 13 2007 6:23AM (CT)
XIANGHE, China (AP) - American and Chinese officials ended two days of economic talks Thursday by calling for calmer heads to avoid trade spats after clashing over who was responsible for Beijing's massive trade surplus.
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US, China hold pointed trade talks
Dec 13 2007 6:23AM (CT)
XIANGHE, China (AP) - American and Chinese officials ended two days of economic talks Thursday by calling for calmer heads to avoid trade spats after clashing over who was responsible for Beijing's massive trade surplus.
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Japan's Nikkei index tumbles 2.5 percent
Dec 13 2007 4:13AM (CT)
TOKYO (AP) - Japanese stocks tumbled Thursday on pessimism about a key central bank survey to be released Friday that investors expect will show deteriorating confidence among business executives.
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Merck recalls common children's vaccine
Dec 13 2007 12:12AM (CT)
TRENTON, N.J. (AP) - The recall of a routine vaccine for babies due to contamination risks could trigger a shortage and likely will alarm parents, but officials said there is no known health threat.
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