Latest headlines in Business News
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Obama's health care summit: Just for show?(AP) (Yahoo Business 2010-02-09 01:08:40)
AP - Could this turn into something more than political theater? President Barack Obama's televised dialogue with Republican lawmakers on health care, promised for later this month, has the makings of an entertaining exchange. But the differences between the basic Democratic and GOP ideas are stark — and the two sides have increasingly hardened their positions in this election year.
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Harman posts fiscal 2Q profit, revenue up 24 pct.(AP) (Yahoo Business 2010-02-09 00:50:33)
AP - Harman International Industries Inc., which makes speakers, headphones and audio equipment, on Monday said it moved to a profit in its fiscal second quarter, compared with a year-ago period when it recorded steep one-time charges.
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Iowa AG files charges over film tax credits(AP) (Yahoo Business 2010-02-09 00:25:16)
AP - Two filmmakers, their companies and the former manager of the Iowa Film Office were accused Monday of mishandling tax incentives designed to lure moviemakers to the state.
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AstraZeneca gets OK for expanded Crestor use(AP) (Yahoo Business 2010-02-09 00:02:16)
AP - Federal regulators have granted AstraZeneca approval to market its cholesterol pill Crestor as a preventive measure against heart attack and stroke in patients with healthy cholesterol levels.
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Toyota readies Prius steps; U.S. production restarts(Reuters) (Yahoo Business 2010-02-08 23:51:32)
Reuters - Toyota Motor Corp was preparing a global recall of its new Prius model on Monday, further damaging its reputation for quality and reliability on the heels of two other massive recalls.
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Explosion unlikely to slow gas plant development(AP) (Yahoo Business 2010-02-08 23:03:52)
AP - The Connecticut explosion that killed five people won't slow the development of natural gas power plants. But it will likely lead to more scrutiny of a technique used to clear air from gas lines.
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Dow closes below 10,000 for first time in 3 months(AP) (Yahoo Business 2010-02-08 23:01:27)
AP - The Dow Jones industrial average closed below 10,000 for the first time in three months Monday on nagging concerns about debt loads in Europe.
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Charles River reports profit, but revenue slides(AP) (Yahoo Business 2010-02-08 22:53:38)
AP - Medical research equipment and services company Charles River Laboratories International Inc. reported a fourth-quarter on lower charges Monday, but revenue fell on weak demand from pharmaceutical and biotech companies.
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Criminal probe is launched in Conn. plant blast(AP) (Yahoo Business 2010-02-08 22:40:43)
AP - Authorities looking for the cause of an explosion that killed five people at a power plant under construction launched a criminal investigation Monday, saying they could not rule out criminal negligence as the cause.
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Electronic Arts shares dive on weak outlook(AP) (Yahoo Business 2010-02-08 22:24:41)
AP - A disappointing outlook from Electronic Arts Inc. sent shares of the video game publisher sharply lower Monday, a sign that significant cost-cuts and layoffs have not ended the company's slump.
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Audit: Merged districts could save Kan. millions(AP) (Yahoo Business 2010-02-08 22:23:11)
AP - Consolidating public school districts in Kansas could save millions of taxpayer dollars, although not enough to solve the state's budget crisis this year, according to a new report released Monday.
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Judge promises to rule on SEC, BofA settlement(AP) (Yahoo Business 2010-02-08 22:17:53)
AP - A judge promised Monday to decide by the end of next week whether to approve a $150 million settlement between the Securities and Exchange Commission and Bank of America over civil charges alleging the bank misled shareholders when it acquired Merrill Lynch.
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Still no word from Toyota on Prius recall(AP) (Yahoo Business 2010-02-08 22:15:23)
AP - A week after brake problems surfaced with its Prius, Toyota still has yet to say whether it will recall the popular hybrid — and analysts say further delays could be devastating to the automaker's already damaged reputation.
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Glance: Hasbro and Mattel's 4th-quarter earnings(AP) (Yahoo Business 2010-02-08 20:48:02)
AP - Hasbro, the second-largest U.S. toy maker, reported Monday that its fourth-quarter profit rose 77 percent, helped by sales of boys' toys like Transformers and Nerf.
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Stocks turn lower as European debt woes remain(AP) (Yahoo Business 2010-02-08 20:35:05)
AP - Concern about mounting debt in Europe hit stocks again Monday and pushed the Dow Jones industrials below 10,000.
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Lower taxes, charges boost Nasdaq OMX profit(AP) (Yahoo Business 2010-02-08 20:24:05)
AP - Eroding market share and weaker trading volumes hurt Nasdaq OMX Group Inc.'s fourth-quarter revenue, but sharply lower taxes and fewer charges helped the global exchange operator report better-than-expected profit growth.
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Forget the Mortgage, I'm Paying My Credit Card Bill(U.S. News & World Report) (Yahoo Business 2010-02-08 20:04:33)
U.S. News & World Report - Amid high unemployment and sliding home prices, a growing number of struggling consumers are doing what was once considered unthinkable: paying their credit card bills instead of their mortgages. A recent study developed by TransUnion found the percentage of Americans who were current on their credit cards but behind on their mortgage increased to 6.6 percent in the third quarter of 2009, up from 4.3 percent in the first quarter of 2008. Meanwhile, the share of consumers making mortgage payments on time but behind on their credit cards moved in the opposite direction, sliding from 4. ...
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UAE's ADCO targets 1.8 million bpd oil output by 2017(AFP) (Yahoo Business 2010-02-08 19:32:07)
AFP - Abu Dhabi's state-owned oil firm ADCO is to invest billions of dollars to hike onshore production by 400,000 barrels per day to 1.8 million bpd by 2017, its general manager Abdel Monim al-Kindy said on Monday.
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Super Bowl is most watched TV show ever(AP) (Yahoo Business 2010-02-08 19:06:56)
AP - The Super Bowl was watched by more than 106 million people, surpassing the 1983 finale of "M-A-S-H" to become the most-watched program in television history.
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Europe could face years-long debt grind(AP) (Yahoo Business 2010-02-08 18:51:26)
AP - Is there any way out of Europe's debt morass?