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Machinists union leaders call for Boeing strike
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8.30.2008 : 1:09 am
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SEATAC, Wash. -- Leaders of Boeing Co.'s Machinists union called Friday for a strike after rejecting the aerospace giant's "best and final" contract offer. They urged union members to reject the offer in a vote set for Wednesday.
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Recalls: Smoked salmon, children's cosmetics bags
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8.29.2008 : 10:19 pm
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The following recalls have been announced: --Trans-Ocean Products Inc. of Bellingham, Wash., is recalling its 4-ounce Cracked Pepper Style Smoked Salmon (Lot No. 54933-2) because it may be contaminated with Listeria monocytogenes, an organism, which can cause serious and sometimes fatal infections in young children, frail or elderly people, and others with weakened immune systems.
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Stocks end lower on personal income data
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8.29.2008 : 6:22 pm
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NEW YORK -- Wall Street tumbled Friday after the government said personal incomes fell last month by the largest amount in nearly three years while consumer spending slowed. The Dow Jones industrial average fell more than 170 points, while a disappointing profit report from computer maker Dell Inc. weighed on the technology-heavy Nasdaq composite index.
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Russia names banned poultry plants
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8.29.2008 : 6:14 pm
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MILWAUKEE -- It's a game of political chicken, and U.S. poultry producers are caught in the middle. Russia, the top market for U.S. chicken exports, will be banning imports from at least 19 plants on Monday. While U.S. producers say these bans won't have much impact, they wonder if there are more bans to come -- which could further dampen an already weak industry.
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Treasurys fall as investors cash in gains
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8.29.2008 : 5:35 pm
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NEW YORK -- Treasury prices mostly fell Friday ahead of the long holiday weekend as traders booked profits in an abbreviated session. Investors examined an apparent improvement in Midwest business conditions, which perhaps dampened demand for the safety of government debt. The Chicago Purchasing Managers' index, which measures business conditions across Illinois, Michigan and Indiana, jumped to 57.9 in August from 50.8 in July.
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Gas prices up as Gustav threatens Gulf refineries
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8.29.2008 : 5:30 pm
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NEW YORK -- Retail gas prices swung higher Friday -- the first increase in 43 days -- as analysts warned that a direct hit on U.S. energy infrastructure by Hurricane Gustav could send pump prices hurtling toward $5 a gallon.
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Ala. county offer plan to avoid massive bankruptcy
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8.29.2008 : 5:27 pm
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BIRMINGHAM, Ala. -- Alabama's largest county offered a plan Friday to restructure its $3.2 billion sewer debt and, at least for now, put off filing the largest municipal bankruptcy in U.S. history.
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Summary Box: Russia names banned poultry plants
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8.29.2008 : 5:21 pm
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THE BAN: Russia, the top market for U.S. chicken exports, will start banning imports from 19 plants on Monday. Russian Prime Minister Vladimir Putin says the bans are because of ignored warnings about inspections.
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As summer ends, flyers brace for airline changes
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8.29.2008 : 5:14 pm
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ATLANTA -- The grip U.S. airlines have on travelers' wallets is about to get tighter as carriers go ahead with plans to trim their domestic schedules due to the high cost of fuel.
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Hurricane victims rebuild fortress-like homes
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8.29.2008 : 5:04 pm
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PENSACOLA, Fla. -- Floodwaters 5 feet deep filled sculptor and retired Navy Cmdr. Robert Noguere's bayfront home when Hurricane Ivan made landfall in 2004.
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Gas prices up as Gustav threatens Gulf refineries
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8.29.2008 : 4:04 pm
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NEW YORK -- Retail gas prices swung higher Friday -- the first increase in 43 days -- as analysts warned that a direct hit on U.S. energy infrastructure by Tropical Storm Gustav could send pump prices hurtling toward $5 a gallon.
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Alitalia files for bankruptcy protection
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8.29.2008 : 3:51 pm
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ROME -- Alitalia said Friday it has sought bankruptcy protection, taking the first step in a plan to reshape Italy's unprofitable and debt-laden national carrier.
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Gold falls as doller gains ground on euro
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8.29.2008 : 3:49 pm
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NEW YORK -- Gold prices fell slightly Friday as a stronger dollar prompted selling from investors seeking commodities as an inflation hedge. The 15-nation euro bought $1.4671, down from $1.4702 late Thursday in New York. A stronger dollar typically encourages investors to shed hard assets like gold, which is viewed as a safe-haven investment used to hedge against inflation and weakness in the U.S. currency.
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Fears of isolation as investors flee Russia
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8.29.2008 : 3:16 pm
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MOSCOW -- At the outset of this year, Russia proudly proclaimed itself an island of stability at the annual economic gathering in Davos, setting itself apart from the tumult of the global financial crisis.
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US oil and gas rig count up by 33
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8.29.2008 : 2:34 pm
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HOUSTON -- The number of rigs actively exploring for oil and natural gas in the United States rose by 33 this week to 2,031.
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Incomes drop sharply in July while spending slows
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8.29.2008 : 2:29 pm
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WASHINGTON -- Consumer spending slowed to a crawl and personal incomes plunged in July, reflecting the waning impact of $93 billion in economic stimulus payments.
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Restaurants offering deals, but also hiking prices
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8.29.2008 : 1:05 pm
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Restaurant companies trying to get consumers back into their restaurants are planning to offer lots of deals this fall. But there won't be discounts across the board, since many chains are also raising prices on premium menu items.
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Pro-union Starbucks barista gets his job back
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8.29.2008 : 1:04 pm
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NEW YORK -- A barista who said he was fired from Starbucks Corp. for helping to organize fellow workers into a union has been given his job back.
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1 killed, 1 injured in W.Va. chemical plant blast
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8.29.2008 : 12:51 pm
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INSTITUTE, W.Va. -- Federal officials are investigating the cause of a plant explosion that rocked an area west of Charleston Thursday night, hurling a fireball hundreds of feet into the air, killing one worker and injuring a second.
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GM recalling 944,000 vehicles
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8.29.2008 : 12:36 pm
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WASHINGTON -- General Motors Corp. said Friday it was recalling 944,000 vehicles because of a problem with a windshield wiper fluid system that could lead to a fire.
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Lafley's pay falls for year
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8.29.2008 : 12:08 pm
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CINCINNATI -- Procter & Gamble Co. Chief Executive A.G. Lafley's total annual pay fell by nearly 15 percent after the company's internal financial performance slowed at the end of a three-year incentive plan, a regulatory filing Friday shows.
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A look at US airlines' domestic capacity cuts
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8.29.2008 : 11:57 am
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AirTran Airways: Plans for capacity to fall 7 percent to 8 percent between September and December. Alaska Airlines: Its parent company has said the carrier's fourth-quarter mainline capacity will be cut by 5 percent compared with 2007.
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Restaurants to offer more deals in the fall
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8.29.2008 : 11:46 am
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NEW YORK -- Fall's cool winds could make eating out cheap a breeze -- depending, that is, on what you order. After a second quarter of too many empty tables and falling profits, restaurant companies are planning to woo diners back with lower-priced dishes as the weather grows colder.
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Realtors peddle real estate to bike-happy clients
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8.29.2008 : 10:07 am
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PORTLAND, Ore. -- With gas prices high, bicycles flying out of stores and a buyers' market for houses, a handful of real estate agents around the country are touting the two-wheeled appeal of their listings.
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Dell 2Q profit drops 17 percent and stock plunges
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8.29.2008 : 8:21 am
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Slashing computer prices helped Dell Inc. boost sales in its fiscal second quarter, but the No. 2 PC maker's bottom line took a hit when efforts to cut costs failed to make up the difference.
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European Union opens probe into 3 airline alliance
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8.29.2008 : 8:16 am
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BRUSSELS, Belgium -- The European Commission has opened an antitrust probe into a revenue-sharing deal between British Airways PLC, American Airlines and Spain's Iberia SA, a spokesman said Friday.
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Japan's inflation rises as leaders unveil package
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8.29.2008 : 7:17 am
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TOKYO -- Japan unveiled a stimulus package with 2 trillion yen ($18 billion) in fresh spending to shore up its flagging economy on Friday as figures showed that inflation has spiked to its highest in nearly 11 years, denting consumer spending.
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India's 2Q economic growth slows to 7.9 percent
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8.29.2008 : 7:08 am
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MUMBAI, India -- India's economic growth slowed to 7.9 percent in the April-June quarter, down from 9.2 percent in the same period last year, amid a slump in manufacturing, the government said Friday.
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Euro area inflation falls
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8.29.2008 : 7:07 am
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BRUSSELS, Belgium -- Euro area inflation fell in August from a record high, offering some relief as economic confidence plunged to the lowest level in five years, the European Commission said Friday.
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EU opens antitrust probe into airline alliance
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8.29.2008 : 7:00 am
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BRUSSELS, Belgium -- The European Commission has opened an antitrust probe into a revenue-sharing deal between British Airways PLC, American Airlines and Spain's Iberia SA, an EU official said Friday.
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Japan unveils $18 billion stimulus package
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8.29.2008 : 6:52 am
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TOKYO -- Japan unveiled a 2 trillion yen, or $18 billion, stimulus package Friday, including assistance to small businesses and other pump-priming measures to shore up its flagging economy hit by soaring energy and material prices.
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A farming ND county gets a boost from New York
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8.29.2008 : 3:28 am
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BISMARCK, N.D. -- The lone grocery store in the south-central North Dakota farming town of Zeeland has been selling disposable diapers, just for adults.
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Judge: Qualcomm violates Broadcom ruling
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8.29.2008 : 1:01 am
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SAN DIEGO -- A federal judge ruled that Qualcomm Inc. violated a ban on wireless technology owned by rival chip maker Broadcom Corp., the companies said Thursday.
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Toyota lowers 2009 global sales target
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8.28.2008 : 10:02 pm
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TOKYO -- Toyota lowered its global sales target for 2009 by 700,000 vehicles to 9.7 million Thursday, showing that even one of the world's most durable automakers is being hurt by rising material costs, a slowing U.S. market and soaring gas prices.
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P&G SEC filing confirms antitrust probes
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8.28.2008 : 9:25 pm
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CINCINNATI -- Authorities in the United Kingdom are investigating potential antitrust violations involving an unnamed Procter & Gamble Co. subsidiary, the consumer products company said Thursday in a Securities and Exchange Commission filing.
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Colorado Springs man settles SEC fraud case
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8.28.2008 : 8:04 pm
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DENVER -- A Colorado Springs man and his two oil and gas companies have agreed to pay $510,000 to settle civil fraud allegations, the Securities and Exchange Commission said Thursday.
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Amtrak supporters cheer commuter Biden's VP bid
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8.28.2008 : 6:23 pm
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WASHINGTON -- Amtrak's having a great year, with soaring gas prices making the long-struggling railroad a more popular option for travelers and helping it gain traction in Congress. Now its fans are excited about the vice presidential candidacy of Joe Biden, a longtime passenger and supporter.
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Federal agency issues warning on popular bassinet
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8.28.2008 : 6:09 pm
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KANSAS CITY, Mo. -- The federal Consumer Product Safety Commission is warning parents and caregivers to immediately stop using a popular brand of bassinet after the death of a second baby attributed to the product.
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Automakers face conflicting safety rules worldwide
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8.28.2008 : 5:08 pm
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DEARBORN, Mich. -- It seems like an easy solution: Americans are looking for more fuel-efficient vehicles, so Ford Motor Co. is bringing over some of the small, gas-sipping cars it's been selling to Europeans for years.
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Freezer sales climb as food prices soar
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8.28.2008 : 4:42 pm
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CHICAGO -- Once relegated to the dank corners of the basement, freezers are being embraced again by shoppers who are stashing bulk-sized purchases of meats, fruits and vegetables there as they work to combat rising food prices.
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Sears' 2Q profit drops 62 percent
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8.28.2008 : 4:37 pm
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CHICAGO -- Beleaguered retailer Sears Holdings Corp. reported a hefty drop in second-quarter profit as sales slumped, despite a restructuring aimed at drawing back shoppers who've taken their checkbooks elsewhere.
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