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People's Choice Awards being revamped
Dec 19 2007 9:23PM (CT)
LOS ANGELES (AP) - The People's Choice Awards had the red carpet yanked out from under it Wednesday as fallout from the Hollywood writers strike grew.
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People's Choice Awards being revamped
Dec 19 2007 9:23PM (CT)
LOS ANGELES (AP) - The People's Choice Awards had the red carpet yanked out from under it Wednesday as fallout from the Hollywood writers strike grew.
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People's Choice Awards being revamped
Dec 19 2007 9:23PM (CT)
LOS ANGELES (AP) - The People's Choice Awards had the red carpet yanked out from under it Wednesday as fallout from the Hollywood writers strike grew.
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People's Choice Awards being revamped
Dec 19 2007 9:23PM (CT)
LOS ANGELES (AP) - The People's Choice Awards had the red carpet yanked out from under it Wednesday as fallout from the Hollywood writers strike grew.
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Nike posts 10-pct rise in 2Q profit
Dec 19 2007 8:09PM (CT)
PORTLAND, Ore. (AP) - Nike Inc.'s second-quarter profit grew 10 percent, largely fueled by international sales growth, the athletic shoe and clothing company said Wednesday.
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Oracle 2Q profit soars 35 percent
Dec 19 2007 6:16PM (CT)
SAN FRANCISCO (AP) - Oracle Corp. fared far better than analysts anticipated in its fiscal second quarter, easing worries that the sagging U.S. economy will curtail corporate spending on technology and drag down the business software maker.
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Oracle 2Q profit soars 35 percent
Dec 19 2007 6:16PM (CT)
SAN FRANCISCO (AP) - Oracle Corp. fared far better than analysts anticipated in its fiscal second quarter, easing worries that the sagging U.S. economy will curtail corporate spending on technology and drag down the business software maker.
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Oracle 2Q profit soars 35 percent
Dec 19 2007 6:16PM (CT)
SAN FRANCISCO (AP) - Oracle Corp. fared far better than analysts anticipated in its fiscal second quarter, easing worries that the sagging U.S. economy will curtail corporate spending on technology and drag down the business software maker.
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Fed loans banks $20 billion
Dec 19 2007 6:14PM (CT)
WASHINGTON (AP) - Cash-strapped banks took the Federal Reserve up on its offer of $20 billion in short-term loans to help them overcome credit problems, but the interest rate wasn't as low as some had hoped.
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Treasurys rise, S&P slashes ACA rating
Dec 19 2007 5:45PM (CT)
NEW YORK (AP) - Treasury prices rallied on renewed demand for safe assets Wednesday after a Standard & Poor's Ratings Services downgrade of a bond insurer seemed to foreshadow more troubles for fragile credit markets.
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Treasurys rise, S&P slashes ACA rating
Dec 19 2007 5:45PM (CT)
NEW YORK (AP) - Treasury prices rallied on renewed demand for safe assets Wednesday after a Standard & Poor's Ratings Services downgrade of a bond insurer seemed to foreshadow more troubles for fragile credit markets.
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S&P downgrades ACA to junk status
Dec 19 2007 5:39PM (CT)
NEW YORK (AP) - A major insurer of bonds was downgraded to "junk" status on Wednesday, a move that could potentially cost banks and local governments billions of dollars.
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Tribune Co. CEO to resign when deal done
Dec 19 2007 5:38PM (CT)
CHICAGO (AP) - Tribune Co. set the stage Wednesday for turning over the reins to real estate mogul Sam Zell, announcing that Dennis FitzSimons will step down after five years as chief executive as soon as its $8.2 billion buyout is completed.
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Sallie shares plunge after CEO talks
Dec 19 2007 5:37PM (CT)
WASHINGTON (AP) - Just days into his second turn as CEO of Sallie Mae, Albert L. Lord couldn't find the right words to soothe Wall Street.
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Morgan Stanley posts loss on writedown
Dec 19 2007 5:28PM (CT)
NEW YORK (AP) - Morgan Stanley, the No. 2 U.S. investment bank, reported a $9.4 billion writedown on Wednesday from bad bets on mortgage-related debt, leading it to take a $5 billion infusion from an arm of the Chinese government.
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Morgan Stanley posts loss on writedown
Dec 19 2007 5:28PM (CT)
NEW YORK (AP) - Morgan Stanley, the No. 2 U.S. investment bank, reported a $9.4 billion writedown on Wednesday from bad bets on mortgage-related debt, leading it to take a $5 billion infusion from an arm of the Chinese government.
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Morgan Stanley posts loss on writedown
Dec 19 2007 5:28PM (CT)
NEW YORK (AP) - Morgan Stanley, the No. 2 U.S. investment bank, reported a $9.4 billion writedown on Wednesday from bad bets on mortgage-related debt, leading it to take a $5 billion infusion from an arm of the Chinese government.
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Morgan Stanley posts loss on writedown
Dec 19 2007 5:28PM (CT)
NEW YORK (AP) - Morgan Stanley, the No. 2 U.S. investment bank, reported a $9.4 billion writedown on Wednesday from bad bets on mortgage-related debt, leading it to take a $5 billion infusion from an arm of the Chinese government.
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Agricultural prices up on strong demand
Dec 19 2007 5:23PM (CT)
NEW YORK (AP) - Agricultural futures climbed modestly Wednesday as demand for grains and beans remained robust despite a stronger U.S. dollar.
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Oil rises on sharp drop in inventories
Dec 19 2007 3:27PM (CT)
NEW YORK (AP) - Energy futures rose Wednesday after the government said supplies of crude and heating oil fell sharply last week while gasoline inventories jumped.
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EADS picks European bidders for 6 plants
Dec 19 2007 2:57PM (CT)
PARIS (AP) - Airbus parent EADS tapped three European companies Wednesday to buy all or part of six factories being shed in a major overhaul aimed at boosting the planemaker's fortunes.
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EADS picks European bidders for 6 plants
Dec 19 2007 2:57PM (CT)
PARIS (AP) - Airbus parent EADS tapped three European companies Wednesday to buy all or part of six factories being shed in a major overhaul aimed at boosting the planemaker's fortunes.
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Limits proposed for NYC flights
Dec 19 2007 2:52PM (CT)
HERNDON, Va. (AP) - Fewer flights will go in and out of New York City airports at the busiest times to try to ease chronic nationwide air travel delays, the government said Wednesday.
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Limits proposed for NYC flights
Dec 19 2007 2:52PM (CT)
HERNDON, Va. (AP) - Fewer flights will go in and out of New York City airports at the busiest times to try to ease chronic nationwide air travel delays, the government said Wednesday.
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Limits proposed for NYC flights
Dec 19 2007 2:52PM (CT)
HERNDON, Va. (AP) - Fewer flights will go in and out of New York City airports at the busiest times to try to ease chronic nationwide air travel delays, the government said Wednesday.
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Morgan Stanley CEO skipping bonus
Dec 19 2007 1:00PM (CT)
NEW YORK (AP) - "Deeply disappointing" fourth-quarter writedowns have Morgan Stanley Chief Executive John Mack bypassing his year-end bonus _ and he is unlikely to be the only Wall Street CEO giving up tens of millions of dollars in holiday money.
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EU proposes emissions cuts for new cars
Dec 19 2007 12:55PM (CT)
BRUSSELS, Belgium (AP) - Automobile manufacturers will have to limit car emissions in Europe by 2012 or face big fines, under proposals released Wednesday by the European Union.
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EU proposes emissions cuts for new cars
Dec 19 2007 12:55PM (CT)
BRUSSELS, Belgium (AP) - Automobile manufacturers will have to limit car emissions in Europe by 2012 or face big fines, under proposals released Wednesday by the European Union.
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Bush signs bill boosting fuel standards
Dec 19 2007 12:14PM (CT)
WASHINGTON (AP) - President Bush signed into law Wednesday legislation that will bring more fuel-efficient vehicles into auto showrooms and require wider use of ethanol, calling it "a major step" toward energy independence and easing global warming.
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Hovnanian's 4Q loss jumps fourfold
Dec 19 2007 10:58AM (CT)
NEWARK, N.J. (AP) - Fallout from the housing downturn and an accounting charge helped Hovnanian Enterprises Inc.'s fiscal fourth-quarter loss nearly quadruple, but the homebuilder's chief executive says there are some encouraging signs.
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Hovnanian's 4Q loss jumps fourfold
Dec 19 2007 10:58AM (CT)
NEWARK, N.J. (AP) - Fallout from the housing downturn and an accounting charge helped Hovnanian Enterprises Inc.'s fiscal fourth-quarter loss nearly quadruple, but the homebuilder's chief executive says there are some encouraging signs.
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Mastercard faces fines in Europe
Dec 19 2007 10:41AM (CT)
BRUSSELS, Belgium (AP) - Mastercard must drop fees it charges for cross-border transactions or face daily fines of 3.5 percent of daily global turnover, European Union regulators said Tuesday.
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Mastercard faces fines in Europe
Dec 19 2007 10:41AM (CT)
BRUSSELS, Belgium (AP) - Mastercard must drop fees it charges for cross-border transactions or face daily fines of 3.5 percent of daily global turnover, European Union regulators said Tuesday.
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General Mills 2Q profit, revenue rise
Dec 19 2007 10:40AM (CT)
MINNEAPOLIS (AP) - Food maker General Mills said Wednesday its profit edged up in the second quarter as higher sales helped offset rising ingredient costs, expenses from a pizza recall and more spending on marketing.
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ECB chief calls for full disclosure
Dec 19 2007 10:37AM (CT)
BRUSSELS, Belgium (AP) - European Central Bank president Jean-Claude Trichet warned on Wednesday that the euro area's inflation surge was likely to last longer than expected _ a remark suggesting the bank will stick to its tough stance on interest rates even amid the subprime crisis.
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German business confidence slips
Dec 19 2007 7:04AM (CT)
FRANKFURT, Germany (AP) - Business confidence in Germany slipped more than expected in December, hitting its lowest point since January 2006 only a month after it snapped a six-month decline.
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US foreclosure filings up 68 pct in Nov.
Dec 19 2007 6:55AM (CT)
LOS ANGELES (AP) - U.S. homeowners increasingly failed to keep up with their home loan payments in November, as the number of foreclosure filings surged 68 percent nationwide compared with the same month a year ago, according to a mortgage research company.
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Honda to invest in hybrids
Dec 19 2007 6:20AM (CT)
TOKYO (AP) - Honda expects its global sales will rise 6 percent this year to a record 3.76 million vehicles on booming demand in the U.S., Europe and Asia, the automaker's president said Wednesday.
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Honda to invest in hybrids
Dec 19 2007 6:20AM (CT)
TOKYO (AP) - Honda expects its global sales will rise 6 percent this year to a record 3.76 million vehicles on booming demand in the U.S., Europe and Asia, the automaker's president said Wednesday.
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Honda to invest in hybrids
Dec 19 2007 6:20AM (CT)
TOKYO (AP) - Honda expects its global sales will rise 6 percent this year to a record 3.76 million vehicles on booming demand in the U.S., Europe and Asia, the automaker's president said Wednesday.
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Honda to invest in hybrids
Dec 19 2007 6:20AM (CT)
TOKYO (AP) - Honda expects its global sales will rise 6 percent this year to a record 3.76 million vehicles on booming demand in the U.S., Europe and Asia, the automaker's president said Wednesday.
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Honda to invest in hybrids
Dec 19 2007 6:20AM (CT)
TOKYO (AP) - Honda expects its global sales will rise 6 percent this year to a record 3.76 million vehicles on booming demand in the U.S., Europe and Asia, the automaker's president said Wednesday.
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Japan projects growth in fiscal 2008
Dec 19 2007 6:05AM (CT)
TOKYO (AP) - The Japanese government on Wednesday projected the economy would grow 2 percent next fiscal year even as the economy minister warned that target would be hard to reach if the U.S. economy slows and oil prices remain high.
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N.Y. farms said facing economic hardship
Dec 19 2007 3:31AM (CT)
ITHACA, N.Y. (AP) - Congress' failure to ensure that there are enough migrant workers in the nation's labor force could eventually cost New York agriculture hundreds of millions of dollars in lost crops and hundreds of thousands of acres in lost farmland, analysts say.
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Tribune Co. CEO expected to resign
Dec 19 2007 1:29AM (CT)
CHICAGO (AP) - Tribune Co. Chairman and Chief Executive Dennis FitzSimons is ready to step down once he receives word the $8.2 billion buyout of the company has closed, according to news reports.
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Many hoping for results from FutureGen
Dec 19 2007 1:10AM (CT)
ST. LOUIS (AP) - Decades after Texas outdueled Illinois for a multibillion-dollar science project that went nowhere, the Land of Lincoln is getting its revenge as the chosen home of a futuristic power plant developers hope will be virtually pollution-free.
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