By GEORGE JAHN -
Updated: 3:37 am
Oil prices slid below $60 a barrel Friday as investors braced for company earnings reports next week that will provide clues on the strength of crude demand.
By ROCHELLE HINES -
Published: 2:51 am
Battered by drought, a late freeze and flooding rain, Oklahoma's winter wheat harvest may produce only half of what was yielded last year, officials said.
By ERIKA KINETZ -
Published: 2:47 am
Indian outsourcing bellwether Infosys Technologies Ltd. reported a slight rise in quarterly profit in dollar terms but warned of a steep drop in revenue as its global clients struggle to cope with the economic slowdown.
The Associated Press -
Published: 1:07 am
Japan's central bank said Friday that wholesale prices fell 6.6 percent in June from a year earlier, the biggest fall on record and the latest sign that deflation is returning to the country.
By PAN PYLAS -
Updated: 3:12 am
European stock markets fell modestly Friday following lackluster performances on Wall Street and in Asia as investors remained on the sidelines. But second-quarter U.S. corporate earnings over the coming days and weeks have the potential to lift markets out of their current stupor.
The Associated Press -
Updated: 9:22 pm
After its bonus payments ignited a firestorm of criticism earlier this year, American International Group Inc. is asking the federal government to weigh in on the insurer's plan to resume paying millions in promised retention incentives next week, according to media reports.
The Associated Press -
Published: 6:17 pm
The following recalls have been announced because the products may be contaminated with salmonella, an organism that can cause serious and sometimes fatal infections, especially in young children, the elderly and those with weakened immune systems; no illnesses have been reported:
The Associated Press -
Updated: 3:52 pm
Sunoco placed four employees on administrative leave and said Thursday that it had notified the Department of Justice of what it called improper conduct during a bidding process with an oil producer.
The Associated Press -
Published: 3:42 pm
Tidewater Inc., which provides water transportation for the petroleum industry, said Thursday its board has authorized it to repurchase up to $200 million in shares of its common stock.
The Associated Press -
Published: 3:37 pm
Sunoco Inc. said Thursday it has placed four employees on administrative leave after an internal investigation into the bidding for a crude oil processing transaction found that they violated company policy.
The Associated Press -
Published: 3:37 pm
Healthcare Realty Trust Inc. will replace truck-trailer manufacturer Wabash National Corp. in the S&P SmallCap 600 after the close of trading on July 16, Standard & Poor's said Thursday.
The Associated Press -
Published: 3:12 pm
Stocks edged higher Thursday as investors encouraged by better-than-expected results from aluminum maker Alcoa Inc. put money into stocks they recently avoided: commodities producers, banks and industrial companies. Money also moved into more economically sensitive industries such as technology and energy, which stand to gain more if a recovery takes hold.
By TODD RICHMOND -
Published: 3:12 pm
State regulators gave a Wisconsin utility permission Thursday to begin building a giant wind farm in southern Minnesota, opening the door for Wisconsin ratepayers to shell out millions of dollars in construction costs.
The Associated Press -
Updated: 4:52 pm
Gannett Co. has begun eliminating 106 full-time and 19 part-time positions at its six New Jersey newspapers because of the economic recession.
By TIM PARADIS -
Published: 3:07 pm
Treasury prices slipped Thursday, a day after a big jump, as stock prices recovered.
The Associated Press -
Published: 3:02 pm
GM sale cleared, path opens to exit Chapter 11
By JEANNINE AVERSA and MARCY GORDON -
Published: 2:56 pm
With many lawmakers wary of giving the Federal Reserve more power under a proposed financial overhaul, the Fed's No. 2 official on Thursday defended the central bank's ability to take on more oversight responsibilities.
The Associated Press -
Updated: 6:57 pm
The Food and Drug Administration said Thursday the strain of E. coli found in a sample of raw cookie dough collected at a Nestle USA manufacturing plant does not match the strain that has been linked to a 30-state outbreak, and they aren't sure how the dough was contaminated.
By ANNE FLAHERTY -
Updated: 3:08 pm
The government has tens of billions of dollars left in the eye-popping $700 billion bank bailout fund created last fall, prompting a debate in Congress over what to do with it.
By SARA LEPRO -
Published: 2:27 pm
Investors moved money back into commodities Thursday, sending prices for gold, copper and soybeans higher as they stepped up their willingness to take on risk.
By DON THOMPSON -
Updated: 3:27 pm
Starting Friday, most state government offices will begin closing three days a month to save California some money.
The Associated Press -
Published: 2:12 pm
U.S. airlines have cut many flights and they are getting better at staying on schedule with their remaining flights, as more trips arrived on time in May than a year earlier.
The Associated Press -
Updated: 2:37 pm
Verizon Wireless has laid off 50 workers in Arkansas who were part of the former Alltel Corp., which Verizon acquired in January.
By JAYMES SONG -
Updated: 8:47 pm
The Y-shaped Ilikai hotel that has graced the Waikiki skyline for nearly five decades and hosted everyone from U.S. presidents to Elvis Presley has closed.
The Associated Press -
Published: 2:02 pm
The U.S. Department of Transportation on Thursday issued a $375,000 penalty against Delta Air Lines Inc., saying the world's largest carrier broke federal rules when it bumped passengers from oversold flights.
The Associated Press -
Published: 1:57 pm
Titanium producer Allegheny Technologies Inc. said Thursday it expects to take a charge of $17 million in the second quarter related to a pension trust contribution and costs from the retirement of $183.3 million of notes.
The Associated Press -
Published: 1:42 pm
The dollar gave up most of its big day-ago gains but came off its five-month low against the yen in Thursday trading, as a positive sign in the labor market and Alcoa's financial results galvanized investors to swap their cash for stocks.
By JEANNINE AVERSA -
Updated: 1:57 pm
Banks trimmed borrowing from the Federal Reserve's emergency lending facility over the past week and cut back on other programs designed to ease the financial crisis, promising signs that some credit problems are easing.
The Associated Press -
Published: 12:32 pm
Major business events and economic events scheduled for Friday:
By TIM PARADIS -
Published: 11:57 am
It's report card season on Wall Street and investors are bracing for bad news.