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Thailand's battered market opens higher
Dec 19 2006 11:40PM (CT)
BANGKOK, Thailand (AP) - Thailand's stock market opened nearly 9 percent higher Wednesday, recovering from a historic fall that shook regional markets and sparked concerns over another Asian financial crisis.
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Ericsson agrees to pay $2.1B for Redback
Dec 19 2006 11:39PM (CT)
SAN JOSE, Calif. (AP) - Redback Networks Inc., which makes routers used to direct data over broadband networks, said late Tuesday it has agreed to be acquired by Swedish mobile phone equipment maker LM Ericsson for $2.1 billion in cash.
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Dell names Don Carty vice chairman, CFO
Dec 19 2006 11:12PM (CT)
ROUND ROCK, Texas (AP) - Dell Inc. named Don Carty, the controversial former chairman of American Airlines, as its vice chairman and chief financial officer.
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Delta files stand-alone Chapter 11 plan
Dec 19 2006 11:11PM (CT)
ATLANTA (AP) - Delta Air Lines filed a reorganization plan Tuesday that calls for it to emerge from bankruptcy next spring as a stand-alone company worth as much as $12 billion, or slightly more than the combined market value of the nation's two biggest carriers.
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Wall Street bonuses flood NYC's economy
Dec 19 2006 10:59PM (CT)
NEW YORK (AP) - When Michael Aaron learned that Wall Street investment banks were going to be shelling out record bonuses this holiday season, the savvy wine merchant uncorked his own plan to make serious dough.
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EBay partners with Chinese company to ov
Dec 19 2006 9:29PM (CT)
SAN JOSE, Calif. (AP) - EBay Inc. CEO Meg Whitman emphasized her commitment to the Chinese e-commerce market Tuesday, announcing a new Web site and joint venture with a Beijing-based Internet company.
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Japanese stocks rise, dollar lower
Dec 19 2006 8:34PM (CT)
TOKYO (AP) - Japanese stocks rose at Wednesday's open, buoyed by the Dow Jones industrial average's record close in New York overnight. The dollar was lower against the yen.
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Harrah's accepts $17.1 billion buyout
Dec 19 2006 7:26PM (CT)
LAS VEGAS (AP) - Harrah's Entertainment Inc., the world's largest casino company, said Tuesday that its board has accepted a $17.1 billion buyout offer from two private equity groups.
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UnitedHealth: Options to cut past earns
Dec 19 2006 6:34PM (CT)
MINNEAPOLIS (AP) - UnitedHealth Group Inc. said Tuesday that accounting for its stock option scandal will chop $400 million to $1.7 billion from its historical earnings, and it warned that the tax bill isn't known yet.
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Oil prices rise, led higher by gasoline
Dec 19 2006 6:30PM (CT)
WASHINGTON (AP) - Oil prices rose above $63 a barrel Tuesday, led higher by gasoline and on a recent decision by the Organization of Petroleum Exporting Countries to cut output early next year.
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Circuit City swings to loss in 3Q
Dec 19 2006 6:24PM (CT)
RICHMOND, Va. (AP) - Consumer electronics retailer Circuit City Stores Inc. said Tuesday it swung to a loss in the third quarter as deep discounts on flat-panel televisions and computer hardware and software cut into profit margins. It also lowered its full-year sales outlook and shares fell more than 16 percent.
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Morgan Stanley to spin off Discover
Dec 19 2006 6:23PM (CT)
NEW YORK (AP) - Morgan Stanley Inc., the second-biggest investment house on Wall Street, said Tuesday it will shed its Discover credit-card business in a bid to pump up shareholder value.
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Report: China currency not manipulated
Dec 19 2006 5:46PM (CT)
WASHINGTON (AP) - The Bush administration said Tuesday that China does not meet the technical requirements of a country that is manipulating its currency to gain unfair trade advantages.
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Thailand backs off investment curbs
Dec 19 2006 5:22PM (CT)
BANGKOK, Thailand (AP) - Foreign investors bailed out of the Thai stock market in droves Tuesday, forcing Thailand's military government to abandon just-announced measures aimed at stemming the country's surging currency.
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FDA wants sterner pain reliever warnings
Dec 19 2006 5:22PM (CT)
WASHINGTON (AP) - Federal health officials cautioned Tuesday the tens of millions of Americans who take popular over-the-counter pain pills of their potentially serious side effects and released planned label changes intended to warn of the sometimes deadly risks.
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Jury convicts 4 Enterasys execs
Dec 19 2006 4:51PM (CT)
CONCORD, N.H. (AP) - A federal jury convicted four former Enterasys executives on securities fraud and conspiracy charges Tuesday, but was unable to reach a verdict on five charges against the computer networking company's former chief operating officer.
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Sony BMG settles suit over CDs
Dec 19 2006 3:54PM (CT)
LOS ANGELES (AP) - Sony BMG Music Entertainment will pay $1.5 million and kick in thousands more in customer refunds to settle lawsuits brought by California and Texas over music CDs that installed a hidden anti-piracy program on consumers' computers.
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Storage rentals become `Santa closets'
Dec 19 2006 2:51PM (CT)
NASHVILLE, Tenn. (AP) - Missy Phillips knew she had a big problem on her hands when her boyfriend's 18-year-old son ransacked their house looking for the stash of unwrapped Christmas presents.
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LSE widens campaign against Nasdaq bid
Dec 19 2006 2:48PM (CT)
LONDON (AP) - The London Stock Exchange PLC issued a strong profit forecast and promised a higher dividend Tuesday as it urged shareholders to reject a hostile takeover bid by the Nasdaq Stock Market Inc.
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Charity offers animal donations as gifts
Dec 19 2006 2:44PM (CT)
LITTLE ROCK, Ark. (AP) - Instead of waiting in line with hundreds of others for a chance at nabbing the year's hottest Christmas gifts, Food Network chef Alton Brown decided on an intangible alternative for the people on his list _ a donation to Heifer International.
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Travelers contribute to online guides
Dec 19 2006 1:46PM (CT)
NEW YORK (AP) - Had Jani Patokallio relied solely on a printed travel guidebook to plan a recent trip to Cambodia, he might have skipped a visit to Sihanoukville, turned off by talk of bumpy bus rides, bombed out buildings and kidnappings.
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Travelers contribute to online guides
Dec 19 2006 1:46PM (CT)
NEW YORK (AP) - Had Jani Patokallio relied solely on a printed travel guidebook to plan a recent trip to Cambodia, he might have skipped a visit to Sihanoukville, turned off by talk of bumpy bus rides, bombed out buildings and kidnappings.
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Travelers contribute to online guides
Dec 19 2006 1:46PM (CT)
NEW YORK (AP) - Had Jani Patokallio relied solely on a printed travel guidebook to plan a recent trip to Cambodia, he might have skipped a visit to Sihanoukville, turned off by talk of bumpy bus rides, bombed out buildings and kidnappings.
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Travelers contribute to online guides
Dec 19 2006 1:46PM (CT)
NEW YORK (AP) - Had Jani Patokallio relied solely on a printed travel guidebook to plan a recent trip to Cambodia, he might have skipped a visit to Sihanoukville, turned off by talk of bumpy bus rides, bombed out buildings and kidnappings.
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Mywaves lets users set up video lineups
Dec 19 2006 1:01PM (CT)
SAN FRANCISCO (AP) - A new startup hopes to draw cell phone users with a service that allows them to design channel lineups for watching videos on their phones.
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Agnellis buy majority stake in Cushman
Dec 19 2006 12:40PM (CT)
NEW YORK (AP) - A holding company for Italy's Agnelli family, which controls automaker Fiat SpA, said Tuesday it is paying $563 million for a 67.5 percent stake in New York-based real estate firm Cushman & Wakefield.
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Agnellis buy majority stake in Cushman
Dec 19 2006 12:40PM (CT)
NEW YORK (AP) - A holding company for Italy's Agnelli family, which controls automaker Fiat SpA, said Tuesday it is paying $563 million for a 67.5 percent stake in New York-based real estate firm Cushman & Wakefield.
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Wall Street rattled by inflation data
Dec 19 2006 10:08AM (CT)
NEW YORK (AP) - Stocks opened lower Tuesday as investors waded through a bevy of economic and earnings news that stirred concern about the health of the economy.
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Soros: India should keep rupee controls
Dec 19 2006 8:57AM (CT)
NEW DELHI (AP) - Global financier George Soros, a strong proponent of open economies, doesn't think the time is right for India to free its currency of controls because its economy is showing signs of overheating.
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Chevy Silverado wins Motor Trend award
Dec 19 2006 8:54AM (CT)
DETROIT (AP) - The redesigned Chevrolet Silverado was named 2007 truck of the year by Motor Trend magazine, an award that could increase already strong sales of the popular vehicle.
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Genmab's deal with Glaxo worth up to $2B
Dec 19 2006 8:44AM (CT)
COPENHAGEN, Denmark (AP) - Danish biotech Genmab A/S on Tuesday signed a deal worth up to $2.1 billion with pharmaceutical company GlaxoSmithKline PLC for the global commercialization of a leukemia treatment.
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Euronext shareholders approve NYSE offer
Dec 19 2006 8:25AM (CT)
AMSTERDAM, Netherlands (AP) - Euronext NV shareholders overwhelmingly approved on Tuesday the NYSE Group Inc.'s $14.3 billion proposed acquisition of the European stock exchange operator.
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T.M.X. Elmo was developed in secrecy
Dec 19 2006 8:10AM (CT)
EAST AURORA, N.Y. (AP) - "Ah, ah, ah. No peeking!" teases T.M.X. Elmo's voice when the lid to his box is lifted. It's no wonder. That's what the toy's creators were saying for nearly two years before it became one of this year's hottest holiday sellers.
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Dollar loses ground versus euro
Dec 19 2006 6:54AM (CT)
BERLIN (AP) - The dollar fell against the euro Tuesday, hurt by an unexpected improvement in business confidence in Germany, Europe's biggest economy.
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Honda sees global sales hitting records
Dec 19 2006 4:15AM (CT)
TOKYO (AP) - Honda Motor Co. said Tuesday it expects worldwide sales to rise 5 percent to an all-time high of 3.55 million vehicles this year amid booming overseas demand.
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Study: Wis. farm productivity going up
Dec 19 2006 3:55AM (CT)
MILWAUKEE (AP) - Even as farmers across Wisconsin leave the agricultural industry, the volume of crops they produce keeps growing dramatically, according to a report.
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Hyundai, Toyota crash tests get low marks
Dec 19 2006 12:45AM (CT)
WASHINGTON (AP) - Economy cars made by Hyundai Motor Co. and Toyota Motor Corp. received low marks in new side-impact crash tests, the insurance industry said, showing the downsides of driving small.
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