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Report: Iran's oil exports may disappear
Dec 25 2006 8:09PM (CT)
WASHINGTON (AP) - Iran is suffering a staggering decline in revenue from its oil exports, and if the trend continues income could virtually disappear by 2015, according to an analysis published Monday in a journal of the National Academy of Sciences.
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Fraud, Katrina contracts could waste $2B
Dec 25 2006 7:29PM (CT)
WASHINGTON (AP) - The tally for Hurricane Katrina waste could top $2 billion next year because half of the lucrative government contracts valued at $500,000 or greater for cleanup work are being awarded without little competition.
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Despite laws, gay wedding industry booms
Dec 25 2006 1:23PM (CT)
RICHMOND, Va. (AP) - He's no celebrity, but when Phillip McKee III tied the knot in September, he did it with all the pomp and circumstance of an A-lister: Custom-designed gold rings, a $2,000 kilt and a caviar-and-crepe reception at a five-star hotel.
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Trinidad scuttles proposed Alcoa smelter
Dec 25 2006 12:43PM (CT)
PORT-OF-SPAIN, Trinidad (AP) - Trinidad has scuttled a proposed $1.5 billion Alcoa aluminum smelter that faced increasing opposition over environmental concerns, Prime Minister Patrick Manning said in comments published Monday.
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Shanghai stocks reach record high
Dec 25 2006 11:37AM (CT)
NEW YORK (AP) - Tokyo's stock prices slipped Monday as traders held off moves before the release of economic data. Shanghai surged to a new record on buying of bank shares, while most other Asian markets were closed for Christmas Day.
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Dollar higher against yen in Asia
Dec 25 2006 10:53AM (CT)
TOKYO (AP) - The dollar was higher against the yen and the euro in Asia on Monday as Japanese players adjusted positions amid thin trading before the year-end holidays.
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Toyota's global production rises
Dec 25 2006 10:35AM (CT)
TOKYO (AP) - Toyota Motor Corp. on Monday reported its 25th straight month of growth in worldwide production as it closed in on General Motors' position as the world's biggest vehicle maker.
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Thai government fires 5 officials
Dec 25 2006 9:56AM (CT)
BANGKOK, Thailand (AP) - Thailand's finance ministry on Monday fired five revenue officials, including the chief of the department, for failing to tax relatives of former Prime Minister Thaksin Shinawatra in a share trading deal.
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2 top execs at Nikko Cordial to resign
Dec 25 2006 9:56AM (CT)
TOKYO (AP) - Japanese brokerage Nikko Cordial Corp. said Monday its two most senior executives will resign over alleged accounting irregularities.
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China says it will keep currency stable
Dec 25 2006 9:55AM (CT)
BEIJING (AP) - China will keep the value of its currency, the focal point of trade disputes with the United States, at a stable level and will also act to curb investment growth, the central bank said Monday.
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Sluggish consumption slows Japan economy
Dec 25 2006 9:54AM (CT)
TOKYO (AP) - The Japanese government kept its assessment of the economy unchanged on Monday, saying sluggish consumption was hurting the country's economic recovery, as the central bank's governor remained cautious about an early interest rate hike.
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