Latest Business News
Economic Figures
Dollar & Gold News
Board of Trade News
Personal Finance
|
|
|
|
|
|
Treasurys fall on brisk inflation rise
Dec 14 2007 6:08PM (CT)
NEW YORK (AP) - Treasury prices fell for a third straight day Friday, keeping the benchmark 10-year yield above 4.2 percent, after news that consumer inflation last month had its largest increase in more than two years.
|
|
|
Treasurys fall on brisk inflation rise
Dec 14 2007 6:08PM (CT)
NEW YORK (AP) - Treasury prices fell for a third straight day Friday, keeping the benchmark 10-year yield above 4.2 percent, after news that consumer inflation last month had its largest increase in more than two years.
|
|
|
Senate votes to help strapped homeowners
Dec 14 2007 5:31PM (CT)
WASHINGTON (AP) - The Senate moved against the worsening mortgage crisis Friday, voting to make it easier for thousands of homeowners with ballooning interest rates to refinance into federally insured loans.
|
|
|
Senate votes to help strapped homeowners
Dec 14 2007 5:31PM (CT)
WASHINGTON (AP) - The Senate moved against the worsening mortgage crisis Friday, voting to make it easier for thousands of homeowners with ballooning interest rates to refinance into federally insured loans.
|
|
|
Fannie CEO: housing trouble until 2009
Dec 14 2007 5:05PM (CT)
WASHINGTON (AP) - Fannie Mae's CEO told shareholders Friday he does not expect a housing market recovery until late 2009, "at the earliest," and that the mortgage-finance company is strong enough to ride out the downturn.
|
|
|
Oil prices fall on inflation report
Dec 14 2007 3:37PM (CT)
NEW YORK (AP) - Oil prices fell Friday after the government reported that consumer inflation jumped in November by the largest amount in more than two years, raising worries that demand could suffer.
|
|
|
Chinese kids get foreign-brand toys
Dec 14 2007 1:57PM (CT)
SHANGHAI, China (AP) - When freelance writer Wang Jian shops for toys for her 5-year-old son, she's happy to pay extra for Legos blocks and Japanese-brand train sets.
|
|
|
Inflation in euro zone climbs
Dec 14 2007 1:26PM (CT)
BRUSSELS, Belgium (AP) - Inflation in the 13 nations that use the euro surged to 3.1 percent in November versus a year earlier, its highest level in more than six years, the European Union's statistics agency Eurostat said Friday.
|
|
|
Inflation in euro zone climbs
Dec 14 2007 1:26PM (CT)
BRUSSELS, Belgium (AP) - Inflation in the 13 nations that use the euro surged to 3.1 percent in November versus a year earlier, its highest level in more than six years, the European Union's statistics agency Eurostat said Friday.
|
|
|
China asset investment keeps rising
Dec 14 2007 12:16PM (CT)
SHANGHAI, China (AP) - China's investments in factories, real estate and other urban assets surged 26.8 percent in the first 11 months of this year despite government curbs meant to prevent runaway spending, according to data reported Friday.
|
|
|
Gold slides below $800 an ounce
Dec 14 2007 11:47AM (CT)
NEW YORK (AP) - Gold prices tumbled Friday as the dollar strengthened on expectations that rising inflation will keep the Federal Reserve from lowering interest rates further, despite an economic slowdown.
|
|
|
EU clears European chemical takeover
Dec 14 2007 11:16AM (CT)
BRUSSELS, Belgium (AP) - Akzo Nobel NV on Friday won EU approval for its $17.1 billion acquisition of Imperial Chemicals Industries PLC, but it must sell off Britain's Crown Paints and an adhesive business to clear antitrust concerns.
|
|
|
EU clears European chemical takeover
Dec 14 2007 11:16AM (CT)
BRUSSELS, Belgium (AP) - Akzo Nobel NV on Friday won EU approval for its $17.1 billion acquisition of Imperial Chemicals Industries PLC, but it must sell off Britain's Crown Paints and an adhesive business to clear antitrust concerns.
|
|
|
Citigroup's stock slips on SIV plan
Dec 14 2007 10:11AM (CT)
NEW YORK (AP) - Citigroup Inc.'s stock slipped almost 2 percent Friday after the bank said it plans to assume control of the seven "structured investment vehicles" it advises to help them repay lenders.
|
|
|
Citigroup's stock slips on SIV plan
Dec 14 2007 10:11AM (CT)
NEW YORK (AP) - Citigroup Inc.'s stock slipped almost 2 percent Friday after the bank said it plans to assume control of the seven "structured investment vehicles" it advises to help them repay lenders.
|
|
|
Bali climate talks enter final day
Dec 14 2007 9:32AM (CT)
BALI, Indonesia (AP) - U.S., European and other envoys talked far into the night Friday as they forged a compromise at the U.N. climate conference, breaking a deadlock over how ambitious the goal should be in negotiating future cutbacks in global-warming gases.
|
|
|
Bali climate talks enter final day
Dec 14 2007 9:32AM (CT)
BALI, Indonesia (AP) - U.S., European and other envoys talked far into the night Friday as they forged a compromise at the U.N. climate conference, breaking a deadlock over how ambitious the goal should be in negotiating future cutbacks in global-warming gases.
|
|
|
Bali climate talks enter final day
Dec 14 2007 9:32AM (CT)
BALI, Indonesia (AP) - U.S., European and other envoys talked far into the night Friday as they forged a compromise at the U.N. climate conference, breaking a deadlock over how ambitious the goal should be in negotiating future cutbacks in global-warming gases.
|
|
|
Ill., Calif. investigating Countrywide
Dec 14 2007 7:40AM (CT)
LOS ANGELES (AP) - Attorneys general in California and Illinois are investigating the lending practices of Countrywide Financial Corp., the nation's largest mortgage lender..
|
|
|
US firms say China costs rising
Dec 14 2007 7:35AM (CT)
SHANGHAI, China (AP) - China may be losing its competitive advantage, mainly because of rising costs, according to a survey of companies compiled by the American Chamber of Commerce in Shanghai.
|
|
|
US firms say China costs rising
Dec 14 2007 7:35AM (CT)
SHANGHAI, China (AP) - China may be losing its competitive advantage, mainly because of rising costs, according to a survey of companies compiled by the American Chamber of Commerce in Shanghai.
|
|
|
Japanese business confidence falls
Dec 14 2007 7:32AM (CT)
TOKYO (AP) - Confidence at Japanese major companies fell to its lowest in more than two years, a closely watched Bank of Japan survey showed Friday, amid anxiety about the stronger yen and a possible slowdown in the U.S. economy.
|
|
|
Japanese business confidence falls
Dec 14 2007 7:32AM (CT)
TOKYO (AP) - Confidence at Japanese major companies fell to its lowest in more than two years, a closely watched Bank of Japan survey showed Friday, amid anxiety about the stronger yen and a possible slowdown in the U.S. economy.
|
|
|
Citigroup to assume control of SIVs
Dec 14 2007 7:27AM (CT)
NEW YORK (AP) - Citigroup Inc. plans to assume control of the seven "structured investment vehicles" the bank advises to help them repay their debts.
|
|
|
Report: Kansas cotton dropped by half
Dec 14 2007 6:39AM (CT)
WICHITA, Kan. (AP) - Cotton was once touted as a promising alternative crop for Kansas farmers, and cotton gins were built to handle the increased acreage as farmers took to the idea.
|
|
|
Lufthansa pays $300M for JetBlue stake
Dec 14 2007 6:14AM (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.
|
|
|
Lufthansa pays $300M for JetBlue stake
Dec 14 2007 6:14AM (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.
|
|
|
Nikkei slips on confidence report
Dec 14 2007 4:12AM (CT)
TOKYO (AP) - Japanese stocks slipped Friday in erratic trading after a key central bank survey showed confidence at Japanese companies fell to its lowest level in more than two years.
|
|
|
Greenspan: Odds rising for a recession
Dec 14 2007 3:09AM (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."
|
|
|
Dollar rises against yen in Asian trade
Dec 14 2007 2:32AM (CT)
TOKYO (AP) - The yen fell against the dollar Friday after a weak corporate sentiment survey triggered selling by non-Japanese investors.
|
|
|
|
|
|