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AP: Business
Oil spill panel hears about Halliburton warning
By RAMIT PLUSHNICK-MASTI and HARRY R. WEBER
2010-08-25T00:10:12Z
HOUSTON (AP) -- Federal investigators probing the blowout that led to the Gulf oil spill grilled a Halliburton official Tuesday about concerns the petroleum services firm raised over the potential for a severe gas flow problem if a BP plan was used....
Categories: NEWS: Business and Financial
LyondellBasell ending Iran operations
By
2010-08-24T23:47:38Z
WASHINGTON (AP) -- LyondellBasell Industries NV will terminate all its operations in Iran, a country long subject to U.S. government sanctions where the big European-based plastics maker has had some non-U.S. subsidiaries doing business....
Categories: NEWS: Business and Financial
SEC charges 2 with insider trading on BHP-Potash
By DANIEL WAGNER
2010-08-24T23:08:27Z
WASHINGTON (AP) -- Federal regulators have charged two Spanish investors with trading on secret information about BHP Billiton PLC's bid to acquire Potash Corp....
Categories: NEWS: Business and Financial
S&P downgrades Irish government debt rating
By
2010-08-24T22:38:46Z
NEW YORK (AP) -- Standard & Poor's Ratings Services on Tuesday downgraded Irish government bonds by one notch, citing the high costs of supporting the nation's troubled financial system....
Categories: NEWS: Business and Financial
Stocks drop after sharp fall in July home sales
By STEPHEN BERNARD
2010-08-24T22:22:38Z
NEW YORK (AP) -- Stocks fell for a fourth day after another disappointing report on housing deepened worries that the economic recovery could be fading. Bond yields fell as investors sought out more stable investments....
Categories: NEWS: Business and Financial
2 days of food stretched more than 2 weeks in mine
By FEDERICO QUILODRAN
2010-08-24T21:59:12Z
COPIAPO, Chile (AP) -- Each of the 33 miners trapped a half-mile underground lived on two spoonfuls of tuna, a sip of milk, a bite of crackers and a morsel of peaches. Every other day....
Categories: NEWS: Business and Financial
US investigates gas tank fires in Grand Cherokees
By STEPHEN MANNING
2010-08-24T21:15:12Z
WASHINGTON (AP) -- U.S. safety officials are investigating whether gas tanks on Jeep Grand Cherokees can cause fires in rear end crashes or rollovers....
Categories: NEWS: Business and Financial
Low prices and rates can't slow fall in home sales
By ALAN ZIBEL and J.W. ELPHINSTONE
2010-08-24T20:54:16Z
WASHINGTON (AP) -- Home prices in many parts of the country scream bargain, and mortgage rates haven't been this low for decades. So why are houses across the nation sitting on the market for so long?...
Categories: NEWS: Business and Financial
No evidence that tainted eggs go beyond 2 farms
By MARY CLARE JALONICK
2010-08-23T23:40:59Z
WASHINGTON (AP) -- Food and Drug Administration officials said Monday that there is no evidence a massive outbreak of salmonella in eggs has spread beyond two Iowa farms, though a team of investigators is still trying to figure out what caused it....
Categories: NEWS: Business and Financial
Data duel: HP tries to outbid rival Dell for 3Par
By JORDAN ROBERTSON and JESSICA MINTZ
2010-08-23T23:20:38Z
SAN FRANCISCO (AP) -- The world's two biggest personal computer makers are locked in a pricey struggle over which can move away from the PC business the fastest....
Categories: NEWS: Business and Financial
An NYC icon cries foul over proposed rival nearby
By VERENA DOBNIK
2010-08-23T23:13:18Z
NEW YORK (AP) -- Look at Manhattan from afar, and the first thing you notice is the Empire State Building, spiking like a needle above the carpet of skyscrapers that coats Manhattan from tip to tip....
Categories: NEWS: Business and Financial
Stocks slip as economy worries outweigh deal news
By STEPHEN BERNARD
2010-08-23T21:54:13Z
NEW YORK (AP) -- Stocks slumped to a weak finish Monday as lingering worries about the economy overcame optimism from a fresh round of corporate dealmaking....
Categories: NEWS: Business and Financial
Oil spill investigators focus on communication
By RAMIT PLUSHNICK-MASTI and HARRY R. WEBER
2010-08-23T21:47:58Z
HOUSTON (AP) -- Federal investigators seeking the cause of the rig explosion that led to BP's massive Gulf oil spill focused Monday on communication and chain of command, wondering at times whether the key players knew enough to handle an emergency....
Categories: NEWS: Business and Financial
AIG repaying nearly $4 billion in federal loans
By MARK JEWELL
2010-08-23T21:41:57Z
In its single biggest repayment of bailout loans so far, American International Group Inc. said Monday it is paying back nearly $4 billion in taxpayer aid with proceeds from a recent debt sale....
Categories: NEWS: Business and Financial
Johnson & Johnson recalls contact lenses overseas
By LINDA A. JOHNSON
2010-08-23T21:35:43Z
TRENTON, N.J. (AP) -- Health giant Johnson & Johnson has issued its ninth recall of a consumer health product in a year, this time covering millions of 1 Day Acuvue contact lenses sold in Japan and two dozen other countries in Asia and Europe....
Categories: NEWS: Business and Financial
Potash rejects BHP's $38.5B hostile takeover offer
By
2010-08-23T21:30:16Z
TORONTO (AP) -- Potash Corp. of Saskatchewan Inc. said Monday that its board voted unanimously to reject BHP Billiton's hostile $38.5 billion takeover offer as it doesn't reflect the strong growth the company believes it is poised to enjoy....
Categories: NEWS: Business and Financial
Firm to pay $52.4M in Minneapolis bridge collapse
By BRIAN BAKST
2010-08-23T20:54:08Z
MINNEAPOLIS (AP) -- After enduring countless surgeries and hours of court hearings, victims of the deadly 2007 Minneapolis Interstate 35W bridge collapse reached the end of their legal fight after an engineering firm agreed to pay $52.4 million to settle scores of lawsuits....
Categories: NEWS: Business and Financial
Guilty plea in NY in Disney insider trading scheme
By COLLEEN LONG
2010-08-23T16:59:29Z
NEW YORK (AP) -- A man charged with selling secrets about finances at Walt Disney Co. pleaded guilty in federal court Monday to wire fraud charges and conspiracy to commit securities fraud....
Categories: NEWS: Business and Financial
Faulty alarms blamed for van Gogh theft in Egypt
By HADEEL AL-SHALCHI
2010-08-22T22:02:38Z
CAIRO (AP) -- None of the alarms and only seven out of 43 surveillance cameras were working at a Cairo museum where a Vincent van Gogh painting was stolen, Egypt's top prosecutor said Sunday....
Categories: NEWS: Business and Financial
Farms recalling eggs share suppliers, other ties
By MARY CLARE JALONICK
2010-08-22T22:02:35Z
WASHINGTON (AP) -- Two Iowa farms that recalled more than a half-billion eggs linked to as many as 1,300 cases of salmonella poisoning share suppliers of chickens and feed as well as ties to an Iowa business routinely cited for violating state and federal law....
Categories: NEWS: Business and Financial