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Dell delays filing of full 3Q results
Dec 14 2006 11:31PM (CT)
NEW YORK (AP) - Computer and server maker Dell Inc. said Thursday it is delaying the filing of its full third-quarter results as the company and regulators continue to investigate some of its accounting practices.
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Adobe Systems 4Q earnings, revenue rise
Dec 14 2006 11:26PM (CT)
SAN FRANCISCO (AP) - Adobe Systems Inc. reported record fourth-quarter revenue and an increase in profit of 16 percent, thanks in part to strong sales of the newest version of digital document software Acrobat.
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Qantas takeover bid to face review
Dec 14 2006 11:24PM (CT)
SYDNEY, Australia (AP) - Australia's consumer watchdog announced Friday it will review the terms of an 11.1 billion Australian dollar ($8.64 billion) takeover bid for Qantas Airways Ltd., highlighting one of the consortium member's near-majority stake in the country's busiest airport.
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Investment banks post record 2006 profit
Dec 14 2006 11:20PM (CT)
NEW YORK (AP) - Lehman Brothers and Bear Stearns sent a not-so-subtle message to Wall Street on Thursday when announcing 2006 results _ the word "record" appears a combined 37 times in their earnings reports.
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Engineer indicted for alleged espionage
Dec 14 2006 10:19PM (CT)
SAN JOSE, Calif. (AP) - A Chinese engineer was charged Thursday with stealing trade secrets from a Silicon Valley company that made military training software and attempting to sell them to Asian governments.
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Bayou co-founder admits conspiracy
Dec 14 2006 8:48PM (CT)
WHITE PLAINS, N.Y. (AP) - A co-founder of the collapsed Bayou hedge funds admitted in federal court Thursday that he conspired to defraud investors of more than $10 million, prosecutors said.
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Japan Tobacco to acquire Gallaher Group
Dec 14 2006 8:22PM (CT)
TOKYO (AP) - Japan Tobacco Inc. has agreed to acquire Britain's Gallaher Group PLC for $18.79 billion (2.2 trillion yen) in the largest-ever corporate acquisition by a Japanese company, a business daily reported Friday.
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Japanese stocks up; Dollar falls vs yen
Dec 14 2006 8:21PM (CT)
TOKYO (AP) - Japanese stocks rose shortly after the open Friday, as investors welcomed a slight improvement in corporate sentiment registered in a key central bank survey.
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Harrah's board undecided on buyout bid
Dec 14 2006 8:05PM (CT)
LAS VEGAS (AP) - A special board committee of casino giant Harrah's Entertainment Inc. ended a meeting Thursday without announcing a decision on whether it will back a multibillion dollar buyout offer, according to a person close to the matter.
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Costco's 1Q profit up 10 percent
Dec 14 2006 7:45PM (CT)
SEATTLE (AP) - Costco, the nation's largest wholesale club operator, said Thursday its first-quarter profit rose 10 percent amid strong demand for consumer electronics. The company expects to take a second-quarter charge as it fixes improperly priced employee stock options.
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Ford realigns leaders to improve focus
Dec 14 2006 7:13PM (CT)
DETROIT (AP) - Ford Motor Co. said Thursday that more of the struggling automaker's key leaders will report directly to Chief Executive Alan Mulally under a realignment that also consolidates responsibility for global product development.
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Despite controversy, Hooters prospers
Dec 14 2006 6:40PM (CT)
ATLANTA (AP) - Retired from a long career in medical sales, Roger Toy can be found most days doing the daily crossword puzzle at his local Hooters, the restaurant chain known for its scantily clad waitresses and, oh yes, buffalo wings.
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Despite controversy, Hooters prospers
Dec 14 2006 6:40PM (CT)
ATLANTA (AP) - Retired from a long career in medical sales, Roger Toy can be found most days doing the daily crossword puzzle at his local Hooters, the restaurant chain known for its scantily clad waitresses and, oh yes, buffalo wings.
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Despite controversy, Hooters prospers
Dec 14 2006 6:40PM (CT)
ATLANTA (AP) - Retired from a long career in medical sales, Roger Toy can be found most days doing the daily crossword puzzle at his local Hooters, the restaurant chain known for its scantily clad waitresses and, oh yes, buffalo wings.
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Despite controversy, Hooters prospers
Dec 14 2006 6:40PM (CT)
ATLANTA (AP) - Retired from a long career in medical sales, Roger Toy can be found most days doing the daily crossword puzzle at his local Hooters, the restaurant chain known for its scantily clad waitresses and, oh yes, buffalo wings.
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Oil prices rise above $62 a barrel
Dec 14 2006 6:39PM (CT)
WASHINGTON (AP) - Oil prices rose above $62 a barrel Thursday after OPEC decided to keep its output steady for now but pledged to cut production in February by half a million barrels a day.
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OPEC set to lower oil production in Feb.
Dec 14 2006 6:36PM (CT)
ABUJA, Nigeria (AP) - The Organization of Petroleum Exporting Countries said Thursday it will take a half million barrels a day off the market beginning in February, cementing its apparent intention to do or say what it takes to keep oil prices around $60 a barrel.
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U.S. regulators revoke steel tariffs
Dec 14 2006 6:35PM (CT)
WASHINGTON (AP) - Trade regulators on Thursday revoked most of the 13-year-old tariffs and duties against imports of a high-grade steel used in cars, giving U.S. and Japanese automakers a holiday surprise.
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5 oil and gas companies to pay royalties
Dec 14 2006 6:11PM (CT)
WASHINGTON (AP) - Five oil and gas companies, including Shell, ConocoPhillips and BP, have agreed to pay royalties on future production under flawed drilling leases in the Gulf of Mexico, the government said Thursday.
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E-Trade sees strong '07 results
Dec 14 2006 5:59PM (CT)
NEW YORK (AP) - E-Trade Financial Corp. on Thursday said profit in 2007 could exceed Wall Street expectations in a year the online brokerage hopes to expand overseas and begin to offer customers the ability to trade cross-border stocks.
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Bow company finds niche in car market
Dec 14 2006 5:35PM (CT)
NEW YORK (AP) - Whether it be a luxury Lexus or clunker from the classifieds, the gift of a car just isn't the same without a big bow on top of the hood. That was Lynda King's thinking when she started King Size Bows five years ago, after she was unable to find a bow for a car she bought for her teenage daughter's birthday.
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UGGs regain popularity during holidays
Dec 14 2006 5:26PM (CT)
NEW YORK (AP) - Their name may sound like it's short for "ugly," but the fuzzy Australian sheepskin boots are among this season's hottest ways to keep your feet warm.
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GPS devices popular item for holidays
Dec 14 2006 5:23PM (CT)
KANSAS CITY, Mo. (AP) - Thanks to deep discounts, navigational devices are finding their way into a lot of stockings this holiday season.
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Experts: Regifting isn't bad etiquette
Dec 14 2006 5:13PM (CT)
NEW YORK (AP) - It's OK to rewrap something received as a gift and give it to someone else _ as a gift _ or so etiquette mavens like Peggy Post say. But there are some rules.
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Wii mishaps lead to busted TVs, injuries
Dec 14 2006 5:11PM (CT)
SEATTLE (AP) - Jaana Baker is no klutz _ note her second-degree black belt in Tae Kwon Do. She's also an avid video gamer who puts out a Web-based comic called "Level 99" in her spare time.
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U.S. Breast cancer rate falls
Dec 14 2006 5:09PM (CT)
SAN ANTONIO (AP) - In a startling turnaround, breast cancer rates in the United States dropped dramatically in 2003, and experts said they believe it is because many women stopped taking hormone pills.
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Judge won't stop Exubera sales
Dec 14 2006 4:59PM (CT)
NEW YORK (AP) - The public's need for a "new and less invasive treatment for diabetes" will keep Pfizer's inhalable insulin product Exubera on the market while a court considers whether Pfizer infringed on Danish drugmaker Novo Nordisk's patents, a judge said Thursday.
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Calif. company faces immigration charges
Dec 14 2006 3:51PM (CT)
SAN DIEGO (AP) - A Southern California fence-building company and two executives pleaded guilty Thursday to knowingly hiring illegal immigrants and agreed to pay a combined penalty of $5 million. The executives could also go to prison.
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Real estate expected to flounder in 2007
Dec 14 2006 12:57PM (CT)
ANTIOCH, Calif. (AP) - Donald Anthony has slashed the price on his four-bedroom, two-bathroom house by almost $80,000 _ and added $40,000 worth of improvements, including a new kitchen and landscaping in the leafy yard.
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Real estate expected to flounder in 2007
Dec 14 2006 12:57PM (CT)
ANTIOCH, Calif. (AP) - Donald Anthony has slashed the price on his four-bedroom, two-bathroom house by almost $80,000 _ and added $40,000 worth of improvements, including a new kitchen and landscaping in the leafy yard.
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Real estate expected to flounder in 2007
Dec 14 2006 12:57PM (CT)
ANTIOCH, Calif. (AP) - Donald Anthony has slashed the price on his four-bedroom, two-bathroom house by almost $80,000 _ and added $40,000 worth of improvements, including a new kitchen and landscaping in the leafy yard.
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Nestle to buy Novartis nutrition unit
Dec 14 2006 12:43PM (CT)
VEVEY, Switzerland (AP) - Nestle SA, the world's biggest food and drink company, will buy the medical nutrition unit of pharmaceutical company Novartis for $2.5 billion, the companies said Thursday.
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Nestle to buy Novartis nutrition unit
Dec 14 2006 12:43PM (CT)
VEVEY, Switzerland (AP) - Nestle SA, the world's biggest food and drink company, will buy the medical nutrition unit of pharmaceutical company Novartis for $2.5 billion, the companies said Thursday.
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U.S. pushes China for reforms
Dec 14 2006 12:42PM (CT)
BEIJING (AP) - U.S. Treasury Secretary Henry Paulson pushed China on Thursday to ease currency controls, appealing for help in shoring up American support for free trade. But a top Beijing official said change already was coming, and complained that Americans fail to understand China.
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U.S. pushes China for reforms
Dec 14 2006 12:42PM (CT)
BEIJING (AP) - U.S. Treasury Secretary Henry Paulson pushed China on Thursday to ease currency controls, appealing for help in shoring up American support for free trade. But a top Beijing official said change already was coming, and complained that Americans fail to understand China.
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U.S. pushes China for reforms
Dec 14 2006 12:42PM (CT)
BEIJING (AP) - U.S. Treasury Secretary Henry Paulson pushed China on Thursday to ease currency controls, appealing for help in shoring up American support for free trade. But a top Beijing official said change already was coming, and complained that Americans fail to understand China.
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U.S. pushes China for reforms
Dec 14 2006 12:42PM (CT)
BEIJING (AP) - U.S. Treasury Secretary Henry Paulson pushed China on Thursday to ease currency controls, appealing for help in shoring up American support for free trade. But a top Beijing official said change already was coming, and complained that Americans fail to understand China.
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U.S. pushes China for reforms
Dec 14 2006 12:42PM (CT)
BEIJING (AP) - U.S. Treasury Secretary Henry Paulson pushed China on Thursday to ease currency controls, appealing for help in shoring up American support for free trade. But a top Beijing official said change already was coming, and complained that Americans fail to understand China.
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U.S. pushes China for reforms
Dec 14 2006 12:42PM (CT)
BEIJING (AP) - U.S. Treasury Secretary Henry Paulson pushed China on Thursday to ease currency controls, appealing for help in shoring up American support for free trade. But a top Beijing official said change already was coming, and complained that Americans fail to understand China.
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U.S. pushes China for reforms
Dec 14 2006 12:42PM (CT)
BEIJING (AP) - U.S. Treasury Secretary Henry Paulson pushed China on Thursday to ease currency controls, appealing for help in shoring up American support for free trade. But a top Beijing official said change already was coming, and complained that Americans fail to understand China.
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U.S. pushes China for reforms
Dec 14 2006 12:42PM (CT)
BEIJING (AP) - U.S. Treasury Secretary Henry Paulson pushed China on Thursday to ease currency controls, appealing for help in shoring up American support for free trade. But a top Beijing official said change already was coming, and complained that Americans fail to understand China.
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U.S. pushes China for reforms
Dec 14 2006 12:42PM (CT)
BEIJING (AP) - U.S. Treasury Secretary Henry Paulson pushed China on Thursday to ease currency controls, appealing for help in shoring up American support for free trade. But a top Beijing official said change already was coming, and complained that Americans fail to understand China.
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U.S. pushes China for reforms
Dec 14 2006 12:42PM (CT)
BEIJING (AP) - U.S. Treasury Secretary Henry Paulson pushed China on Thursday to ease currency controls, appealing for help in shoring up American support for free trade. But a top Beijing official said change already was coming, and complained that Americans fail to understand China.
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U.S. pushes China for reforms
Dec 14 2006 12:42PM (CT)
BEIJING (AP) - U.S. Treasury Secretary Henry Paulson pushed China on Thursday to ease currency controls, appealing for help in shoring up American support for free trade. But a top Beijing official said change already was coming, and complained that Americans fail to understand China.
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Bear Stearns reports 4Q profit rise
Dec 14 2006 11:43AM (CT)
NEW YORK (AP) - Bear Stearns Cos., the fifth-largest U.S. investment house, on Thursday reported fourth-quarter profit surged 38 percent to a company record for any quarter as an unprecedented period of takeover activity powered fees from debt underwriting and acquisition advice.
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Bear Stearns reports 4Q profit rise
Dec 14 2006 11:43AM (CT)
NEW YORK (AP) - Bear Stearns Cos., the fifth-largest U.S. investment house, on Thursday reported fourth-quarter profit surged 38 percent to a company record for any quarter as an unprecedented period of takeover activity powered fees from debt underwriting and acquisition advice.
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Stocks climb on strong earnings reports
Dec 14 2006 11:37AM (CT)
NEW YORK (AP) - Wall Street surged higher Thursday as investors welcomed strong earnings from Bear Stearns Cos. and Lehman Brothers Holdings Inc. and another drop in unemployment benefits claims.
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Stocks climb on strong earnings reports
Dec 14 2006 11:37AM (CT)
NEW YORK (AP) - Wall Street surged higher Thursday as investors welcomed strong earnings from Bear Stearns Cos. and Lehman Brothers Holdings Inc. and another drop in unemployment benefits claims.
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Lehman Brothers 4Q profit up 22 percent
Dec 14 2006 10:33AM (CT)
NEW YORK (AP) - Lehman Brothers Holdings Inc., the fourth-largest U.S. investment house, on Thursday said fiscal fourth-quarter profit surged 22 percent on robust returns from stock and bond trading.
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Airline mergers could raise fares in '07
Dec 14 2006 8:20AM (CT)
DALLAS (AP) - Even if the leaders of United and Continental agree to merge their airlines, the hard work of combining two work forces with different unions and conflicting interests will remain.
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EMI shares fall as takeover talks end
Dec 14 2006 7:51AM (CT)
LONDON (AP) - Shares of EMI Group PLC, whose artists include Coldplay and Robbie Williams, dropped more than 8 percent Thursday after the music company said it had ended takeover talks with an unidentified suitor.
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Taco Bell sales hit by E. coli outbreak
Dec 14 2006 6:54AM (CT)
LOS ANGELES (AP) - Taco Bell's sales have taken a hit since more than 70 diners at its East Coast restaurants fell sick with E. coli poisoning, but it was still too soon to determine the losses, the fast-food chain's president said.
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Chinese stocks close at record high
Dec 14 2006 5:21AM (CT)
SHANGHAI, China (AP) - Chinese stocks rose to a new high Thursday, surging past the previous peak set in 2001 amid renewed confidence in the country's markets and expectations for a stronger local currency.
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Sony keeps PlayStation 3 shipment target
Dec 14 2006 4:42AM (CT)
TOKYO (AP) - Sony is sticking to its target of shipping 2 million PlayStation 3 consoles by the end of the calendar year, its president said Thursday, addressing concerns the company might not meet demand ahead of the critical year-end shopping season.
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Hurd asked to explain cashout of options
Dec 14 2006 2:40AM (CT)
SAN FRANCISCO (AP) - The congressional panel investigating Hewlett-Packard Co.'s boardroom spying probe has demanded that CEO Mark Hurd explain $1.37 million worth of options he exercised just before the scandal became public.
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Rolls-Royce: China fastest growing market
Dec 14 2006 1:23AM (CT)
HONG KONG (AP) - Rolls-Royce's chief executive said Thursday China is the British luxury car maker's fastest growing market this year, with sales there up by more than 50 percent.
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Another court victory for Vioxx maker
Dec 14 2006 12:55AM (CT)
NEW ORLEANS (AP) - A Tennessee man's claim that the maker of the since-withdrawn painkiller Vioxx should be blamed for his 2003 heart attack was rejected Wednesday by a federal jury, the fourth victory for drug maker Merck & Co. in five federal trials.
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Uranium mining leads to jump in claims
Dec 14 2006 12:28AM (CT)
WASHINGTON (AP) - Metal mining claims on federal lands in the West have increased almost 50 percent in the past four years, in large part because a resurgence in nuclear power has led to a renewed interest in uranium exploration.
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U.S. Mint bans melting pennies, nickels
Dec 14 2006 12:26AM (CT)
WASHINGTON (AP) - Given rising metal prices, the pennies and nickels in your pocket are worth more melted down than their face value _ and that has the government worried.
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