Business News
Whirlpool reports 27 percent dip in 2Q profit
Household appliance maker Whirlpool Corp. said Wednesday its second-quarter profit fell 27 percent because of higher material and oil-related costs, and lower U.S. demand. "This is a very serious, severe economic environment," Jeff M. Fettig, Whirlpool...
24-07-2008 - 03:46
Chrysler plans to cut 1,000 salaried jobs
Chrysler LLC says it will cut 1,000 salaried jobs worldwide by Sept. 30. The automaker announced the cuts Wednesday in a letter to employees. Chrysler says the layoffs are needed because of the prolonged slump in the U.S. auto industry. Chrysler spokes...
24-07-2008 - 03:44
Soaring oil prices lift ConocoPhillips profit
Record crude prices helped oil giant ConocoPhillips' second-quarter profit climb 13 percent from adjusted results a year ago, beginning what is expected to be a string of robust earnings announcements from major oil companies. The Houston-based company...
24-07-2008 - 03:40
Oil dips as fuel supplies grow more than expected
Oil prices headed back lower Wednesday, failing to sustain a brief push into positive territory, after the government reported gasoline supplies rose far more than expected. Light, sweet crude for September delivery was trading down 98 cents at $127.44...
24-07-2008 - 03:07
Treasury prices extend losses in flight to stocks
Treasury prices fell for a second straight session on Wednesday as investors, awaiting a sale of two-year notes, grew increasingly optimistic about the ability of banks and brokerages to weather the credit crisis. The government plans to sell $31 billi...
24-07-2008 - 02:58
Arena Bowl brings smile to New Orleans economy
In a city that has hosted Super Bowls, Bowl Championship Series title games, Final Fours and the NBA All-Star game, the lesser-known Arena Bowl is the little game that could. Tourism officials say it will draw a welcome injection of visitors spending m...
24-07-2008 - 02:52
Hershey 2Q profit, sales up after price increase
Raising prices and streamlining its production lines helped Hershey to dramatically higher second-quarter sales and profit, the nation's largest candy maker said Wednesday, even as it absorbs spiraling commodity costs and puts new emphasis on marketing...
24-07-2008 - 02:28
Anheuser-Busch 2Q profit rises 1.8 percent
The nation's largest brewer, Anheuser-Busch Cos. Inc., reported a 1.8 percent rise in second-quarter profit on Wednesday on higher sales of its main brands and the successful launch of Bud Light Lime. Anheuser-Busch also said it would raise prices agai...
24-07-2008 - 02:20
McDonald's returns to profitability in 2nd-quarter
Consumers helped bring McDonald's Corp. back to profitability in the second quarter by spending on breakfast biscuits, new chicken sandwiches and drinks despite the tough economy in the U.S. The results Wednesday appeared to ease some concerns that the...
24-07-2008 - 02:12
New York Times to raise newsstand price to $1.50
The New York Times Co. will increase the Monday-Saturday newsstand cost of its flagship paper by 25 cents to $1.50, the publisher said Wednesday. Times Chief Executive Janet Robinson said the price increase for the New York Times will take effect Aug. ...
24-07-2008 - 01:36
Top News Photos
Eager fans swarmed and in some cases scuffled as they lined up at sales windows to get the final batch of tickets for next month's Olympics.
Forbes magazine has come out with its list of the ten Highest Paid Actors in Hollywood
A look at the Virgin Mobile pie eating competition at Harry's Cafe de Wheels in Sydney, Australia.
Men from the "400 Pueblos" group, comprising of poor farmers, staged one of their trademark protests wearing only shoes, in Mexico City.
Check out the latest cars at the 2008 British International Motor Show which will run from July 23 to August 3 in London.
A view of fishes in Okinawan sea on display on a 200-inch screen in Sony Building in Tokyo.
