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Tropicana Las Vegas emerges from bankruptcy
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7.3.2009 : 5:41 pm
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LAS VEGAS -- Tropicana Las Vegas has emerged from Chapter 11 bankruptcy with new owners.
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Canada finance minister says unemployment to rise
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7.3.2009 : 3:32 pm
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TORONTO -- Canada's finance minister said Friday that the country's economic recovery will likely be modest and job losses will mount into 2010 even after growth has begun.
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HealthSouth accuses Scrushy of hiding assets
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7.3.2009 : 2:34 pm
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BIRMINGHAM, Ala. -- HealthSouth Corp. is accusing fired chief executive Richard Scrushy of hiding money in offshore bank accounts and transferring assets out of his name to avoid paying court judgments.
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Airline BA to cut capacity, delay new planes
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7.3.2009 : 2:31 pm
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LONDON -- British Airways PLC announced Friday it will ground aircraft, slash seat numbers and postpone taking delivery of a dozen new Airbus A380 superjumbos as it faces a recession-driven decline in passengers.
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China Investment buying stake in Teck Resources
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7.3.2009 : 2:23 pm
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TORONTO -- Mining company Teck Resources Ltd. said Friday it is selling a 17 percent stake to China Investment Corp. for 1.74 billion Canadian dollars ($1.5 billion) in a bid to reduce its debt.
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Job seekers seek solace with fellow faithful
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7.3.2009 : 2:05 pm
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BEVERLY, Mass. -- Her fellow job seekers offer knowing groans as Diane Castro recalls the day she was laid off: The fear of being summoned to the front office. The phones in nearby cubicles going off like grenades. Finally, a ring at her desk.
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Auto parts maker shutting down Indiana plant
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7.3.2009 : 1:49 pm
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SHELBYVILLE, Ind. -- Meridian Automotive Systems is idling a central Indiana factory, putting 295 people out of work.
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VW readies to go electric
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7.3.2009 : 1:48 pm
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BERLIN -- Volkswagen AG hopes to introduce its first electric cars on the market in 2013, the German automaker's chief executive said Friday.
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Judge OKs continued freezing of financier's assets
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7.3.2009 : 1:08 pm
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LOS ANGELES -- A federal judge has granted the Securities and Exchange Commission's request to continue freezing the assets of a California financier charged in a fraud case involving hundreds of millions of dollars.
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$10B plan would ship gas from Africa to Europe
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7.3.2009 : 12:54 pm
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ABUJA, Nigeria -- Nigeria, Algeria and Niger have signed an agreement to create a $10 billion pipeline that would ship gas across the Saharan desert to Europe, Nigeria's state oil company said Friday.
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FTSE 100 up 2.01 points at 4,236.28
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7.3.2009 : 12:36 pm
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LONDON -- Share prices ended flat Friday on the London Stock Exchange.
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European stocks calm as US readies for 4th of July
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7.3.2009 : 11:45 am
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LONDON -- European stock markets traded in a narrow range Friday as investors caught their breath after big losses the day before on U.S. jobs data. Wall Street's closure for the Independence Day holiday kept trading volumes exceptionally light.
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US dollar mostly higher in Europe
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7.3.2009 : 11:42 am
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LONDON -- The U.S. dollar was higher against most other major currencies in European trading Friday. Gold also rose.
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Brazil stocks down again after US job losses
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7.3.2009 : 9:53 am
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SAO PAULO -- Brazilian stocks are down for the second day in a row after weak U.S. jobs data raised doubts about recovery for the world's biggest economy.
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Oil hovers above $66 after weak jobs data
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7.3.2009 : 9:11 am
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6 cents to $66.57 a barrel in electronic trading on the New York Mercantile Exchange. On Thursday, it fell $2.58, nearly 4 percent, to settle at $66.73.
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Move to child's home major adjustment for seniors
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7.3.2009 : 8:14 am
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percent in 2000, AARP reports.
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In a first, NKorea airs beer commercial on TV
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7.3.2009 : 6:56 am
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SEOUL, South Korea -- In an apparent first, North Korea — a country that struggles to feed its 24 million people — has aired a beer commercial on state television.
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Euro zone retail sales down 0.4 percent in May
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7.3.2009 : 6:00 am
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LONDON -- Retail sales in the 16 countries that use the euro fell in May in a further sign that consumers aren't optimistic enough about their own futures as unemployment keeps rising.
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HK's South China Morning Post names new top editor
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7.3.2009 : 5:55 am
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HONG KONG -- Hong Kong's South China Morning Post newspaper has named a top Wall Street Journal editor as new editor-in-chief.
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Malaysia makes bold changes in race-based policies
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7.3.2009 : 5:43 am
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KUALA LUMPUR, Malaysia -- The economic downturn is allowing Malaysia's leader to chip away at an affirmative action program for Malay Muslims that has been considered virtually untouchable in the past.
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Oil brokerage loses $10 mln on rogue trades
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7.3.2009 : 5:28 am
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LONDON -- PVM Oil Associates, the world's biggest over-the-counter oil brokerage, says it lost nearly $10 million this week because of unauthorized trades that caused a temporary spike in Brent crude markets.
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Britain's services sector grows for second month
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7.3.2009 : 4:50 am
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LONDON -- Activity in Britain's services sector rose for the second month running in June despite a modest slowdown in activity, a closely-watched survey showed Friday.
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Falling exports could signal trouble for Australia
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7.3.2009 : 4:24 am
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CANBERRA, Australia -- Australian exports sank for the second month in a row in May as falling commodity prices and the global downturn battered an economy showing mixed signs of weathering the worst of the crisis.
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States set to ring in Independence Day sans budget
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7.3.2009 : 4:07 am
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COLUMBUS, Ohio -- Several states are facing the prospect of government shutdowns and program cuts as they enter the first weekend of the fiscal year and July Fourth holiday without a budget in place.
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IOUs spell uncertainty for Calif. small businesses
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7.3.2009 : 3:34 am
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BERKELEY, Calif. -- Business consultant Katrina Kennedy has taken her young son out of preschool and put a family vacation on hold. Dairyman Mike O'Kelly is wondering whether he is going to have to let employees go.
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Probe: China building toppled due to dug-out soil
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7.3.2009 : 3:23 am
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SHANGHAI -- A nearly finished 13-story apartment building in Shanghai toppled over because piles of dirt were excavated to build an underground parking garage, according to initial investigation results, experts said Friday.
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Euro little changed against dollar
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7.3.2009 : 3:05 am
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BERLIN -- The euro stabilized against the dollar on Friday after falling the previous day, when a disappointing U.S. jobs report helped push up the American currency, a traditional safe haven for investors.
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GM awaits judge's ruling on sale plan
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7.3.2009 : 12:01 am
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NEW YORK -- General Motors Corp. may have to wait out the long holiday weekend to learn if its bankruptcy plan is moving forward, after U.S. Judge Robert Gerber adjourned a three-day hearing without indicating when he will rule on GM's plan to sell its good assets to a new company.
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Oil hovers above $66 after dismal jobs data
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7.2.2009 : 11:53 pm
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SINGAPORE -- Oil prices hovered above $66 a barrel Friday in Asia in light holiday trading volume a day after grim unemployment numbers from the U.S. and Europe sent crude prices tumbling.
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Judge will consider Stanford request for money
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7.2.2009 : 10:43 pm
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HOUSTON -- A federal judge in Dallas said he will consider a modest request for money to pay lawyers and accountants to look through R. Allen Stanford's personal assets to find money untainted by an alleged $7 billion fraud.
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Feds seize Madoff penthouse, wife leaves
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7.2.2009 : 9:17 pm
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NEW YORK -- Federal marshals seized disgraced financier Bernard Madoff's $7 million Manhattan penthouse on Thursday and forced his wife to move out and leave her possessions behind, including a fur coat she had asked to take with her, an official told The Associated Press.
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Web retailers, states tussle over tax rules
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7.2.2009 : 9:07 pm
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NEW YORK -- In a big break for online shoppers, Web retailers generally don't have to charge sales taxes in states where they lack a store or some other physical presence.
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Warren Buffett makes gifts to charity worth $1.43B
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7.2.2009 : 8:31 pm
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SEATTLE -- Billionaire Warren Buffett has donated $1.25 billion in Berkshire Hathaway Inc. stock to the Bill&Melinda Gates Foundation.
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Judge dismisses Constellation appeal in EdF case
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7.2.2009 : 8:31 pm
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BALTIMORE -- Constellation Energy Group Inc. lost a round in its battle with Maryland regulators over its proposed deal to sell half its nuclear operations to France's EdF when a judge ruled Thursday it could not appeal the decision to review the agreement while the review was under way.
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Saints lose money in tax credit investment
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7.2.2009 : 8:17 pm
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NEW ORLEANS -- At least 16 people associated with the New Orleans Saints, including coach Sean Payton, quarterback Drew Brees and Hall of Famer Archie Manning, are among investors who lost $1.9 million.
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7 more banks fail as FDIC mulls rules for sales
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7.2.2009 : 8:01 pm
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WASHINGTON -- Six Illinois banks and one bank in Texas were shuttered Thursday as government regulators proposed new rules for private equity firms seeking to take over failed banks.
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Ford Canada sales jump 25 percent in June
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7.2.2009 : 7:46 pm
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TORONTO -- Ford Motor Co. of Canada Ltd. has claimed the top spot in Canadian vehicle sales in June for the first time in 50 years, the company reported Thursday.
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Agriculture futures trade lower on the CBOT
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7.2.2009 : 7:45 pm
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CHICAGO -- Agriculture futures were lower Thursday on the Chicago Board of Trade.
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Vick files revised bankruptcy plan in Va. court
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7.2.2009 : 7:15 pm
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RICHMOND, Va. -- Suspended NFL star Michael Vick would keep one vehicle, one home and a large assortment of furniture and personal items if his creditors and the judge who rejected his previous bankruptcy plan approve a revised one filed Thursday.
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JetAmerica discount airline delays launch
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7.2.2009 : 6:59 pm
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NEWARK, N.J. -- A fledgling discount airline is having trouble getting off the ground.
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BC-Weekly percent leaders,
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7.2.2009 : 6:49 pm
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BC-NASDAQ Wkly Summary
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7.2.2009 : 6:46 pm
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BC-Investing Companies
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7.2.2009 : 6:38 pm
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NEW YORK -- Thursday's
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Jobless data sends stocks reeling; Dow loses 223
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7.2.2009 : 6:37 pm
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NEW YORK -- The stock market found little to celebrate heading into the long holiday weekend.
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Ex-newspaper staffers launching Denver news site
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7.2.2009 : 6:34 pm
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DENVER -- A Denver-focused daily Web magazine led by former staffers of the defunct Rocky Mountain News and others plans to officially launch Monday.
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GM and Chrysler's bankruptcy cases at a glance
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7.2.2009 : 6:33 pm
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bankruptcy cases of General Motors Corp. and Chrysler LLC:
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Older job seekers struggle to overcome age barrier
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7.2.2009 : 6:27 pm
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WASHINGTON -- Like many unemployed older workers, 64-year old Allan Kellum fears his age has made it harder to find a new job. At a recent job fair, Kellum expressed interest in a supervisory role coordinating an international health assistance program. A recruiter set him straight: "The people applying for that are young."
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Feds intervene in suit over $3B computer contract
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7.2.2009 : 6:26 pm
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billion computer contract at Stennis Space Center in Mississippi.
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Philip Morris to buy South Africa snuff maker
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7.2.2009 : 6:22 pm
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RICHMOND, Va. -- Philip Morris International, maker of Marlboro and other cigarettes for sale overseas, has agreed to buy a Swedish company's South African snuff and pipe tobacco operations for 1.75 billion South African rand, or roughly $222 million.
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Treasury bond market at a glance
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7.2.2009 : 6:17 pm
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0-year note and 30-year bond are per $1,000 invested:
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Treasurys move higher on disappointing jobs report
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7.2.2009 : 6:17 pm
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NEW YORK -- Treasury prices moved higher Wednesday as investors sought safety in the wake of a discouraging labor market report.
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Comoros crash spotlights 3rd-world air travel risk
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7.2.2009 : 6:13 pm
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JOHANNESBURG -- First there was smoke, then flames burst out of the aircraft engine. But I was having difficulty communicating with the Mozambican flight attendant who was fussing with warm sodas and soggy sandwiches and did not speak English.
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Business Highlights
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7.2.2009 : 5:56 pm
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jobless rate at 9.5 percent
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The Dow Jones industrials' moves since Lehman fall
|
7.2.2009 : 5:52 pm
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bankruptcy protection on Sept. 15. Since Lehman's fall, which touched off a paralysis of the credit markets and deepened the recession, the stock market has gone through an extended period of volatility before kicking into a big rally this spring. The numbers are the closing levels for the Dow:
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BC-Markets-At-A-Glance
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7.2.2009 : 5:50 pm
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NEW YORK -- Markets at a glance Thursday
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BC-Wall Street-Glance
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7.2.2009 : 5:49 pm
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,503.23
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Bank of America sets $713 million TARP payment
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7.2.2009 : 5:47 pm
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CHARLOTTE, N.C. -- Bank of America Corp. said Thursday its board has authorized roughly $713 million in dividend payments to the U.S. government under the troubled asset relief program.
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How the major stock indexes fared on Thursday
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7.2.2009 : 5:42 pm
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.6 percent after the government said the U.S. unemployment rate hit a 26-year high. The Dow Jones industrials closed at their lowest level in six weeks. Trading on the New York Stock Exchange was extended until 4:15 p.m. Eastern time in order to execute customer orders impacted by system irregularities, an NYSE spokeswoman said.
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Nasdaq SUMMARY
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7.2.2009 : 5:41 pm
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NEW YORK -- Most active Nasdaq issues.
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Business events scheduled for the coming week
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7.2.2009 : 5:31 pm
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The Institute for Supply Management releases its services sector index for June, 10 a.m. EDT.
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BC-Index fut.
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7.2.2009 : 5:30 pm
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NEW YORK -- Stock index futures Thursday:
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Money fund assets fell to $3.664T in latest week
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7.2.2009 : 5:30 pm
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NEW YORK -- Total money market mutual fund assets fell by $45.52 billion to $3.664 trillion for the week, the Investment Company Institute said Thursday.
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BC-Rice CBOT
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7.2.2009 : 5:29 pm
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CHICAGO -- Rough rice futures on the Chicago Board of Trade Thu.:
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Boeing maintains deliveries in 2nd-quarter
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7.2.2009 : 5:24 pm
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WASHINGTON -- Boeing Co. delivered 125 commercial jets in the second quarter, one less than the same period in 2008.
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BC-NYSE Closing Indexes,0070
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7.2.2009 : 5:24 pm
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NEW YORK -- Closing New Stock Exchange Indexes:
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Bank purchase increases state control in Venezuela
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7.2.2009 : 5:24 pm
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CARACAS, Venezuela -- President Hugo Chavez is taking a big step toward increasing state control over the economy by nationalizing Venezuela's third-largest bank, bringing more than one-fifth of bank deposits into the socialist government's growing portfolio.
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BC-Indexes Daily
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7.2.2009 : 5:24 pm
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NEW YORK -- Stock indexes Thursday
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