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Jan. 6: Stocks finish higher on Fed minutes 6 Jan 2009 at 5:43pm
Wall Street brushed off more bad economic news Tuesday and finished with a rally that left the Standard and Poor's 500 index at its highest level in two months. (Jan. 6)
Korea's "Green" Attempt to Create 100,000 New Jobs 6 Jan 2009 at 5:25pm
01/06/09 Korean Prime Minister Han Seung-soo officially introduced the nation's Green New Deal Job Creation Plan today which hopes to eventually create some 100,000 new jobs and boost a slumping economy.
Oil Prices Rise Above $50, Then Fall 6 Jan 2009 at 4:52pm
01/06/09 Continued unrest in the Middle East once again led to a boost in crude prices earlier in the day, but the release of further poor US economic managed to halt the crude rally and sent oil prices back down at the end of the day.
Your Money: Low-cost flights have returned 6 Jan 2009 at 4:36pm
A wave of fare sales has spread across the airline industry as the weak economy continues to put pressure on carriers to fill seats. AP Personal Finance Editor Trevor Delaney explains. (Jan. 6)
Billionaire Merckle suicide 6 Jan 2009 at 3:47pm
Officials say German entrepreneur Adolf Merckle left a goodbye note to his family before he was hit by a train Relatives of the 74-year-old say the global financial turmoil and battle to salvage his own business empire had taken their toll on him over the past few weeks.
Markets Volatile as Oil prices Fluctuate 6 Jan 2009 at 2:30pm
01/06/09 US markets are volatile, with the DOW dipping into negative territory before rebounding slightly, as oil prices fall from $50 to $48 in morning trading.
Money Minute: TARP costs, Woolworths, Toyota 6 Jan 2009 at 2:27pm
The government estimates it will spend $6.5 million by the end of January in salaries and other administrative costs for the $700 billion financial rescue program. The AP's Mark Hamrick reports. (Jan. 6)
Hang Seng Reverses Gains By Settling In The Red 6 Jan 2009 at 1:34pm
01/06/09 Hong Kong's Hang Seng index managed to reverse recent gains and stand alone this session by posting the only negative settle amongst the major Asian/Pacific markets.
Russia-Ukraine gas row spreads 6 Jan 2009 at 1:34pm
Gazprom deputy accuses Ukraine of blocking three key pipelines for Europe, as German utility E.ON sees a significant decrease in shipments. Russia's gas monopoly Gazprom cut off gas supplies to neighbouring Ukraine over a pricing dispute. Greece, Bulgaria and Turkey were among the first other countries affected by the cut in supplies, which has since widened to Germany and Italy. Joanna Partridge reports for Reuters
Markets lack Direction 6 Jan 2009 at 1:17pm
01/06/09 Investors are looking toward the Obama inauguration but the markets will likely lack directions for a few months.
The Dollar Rally Continues 6 Jan 2009 at 1:16pm
01/06/09 The US dollar continued to post even further gains this past trading session as continued poor euro-zone economic data and plans of a US economic stimulus plan retained optimism in the greenback.
Business Update: U.S. services surprise 6 Jan 2009 at 12:28pm
A contraction in the U.S. non-manufacturing sector was less severe in December, but other data showed little sign of improvement in the more than year-long recession. Factory orders dropped more than predicted in November and pending home sales hit a seven-year low. Oil touched $50 for the first time this year before retreating. Americans are paying more at the pump for the first time in 16 weeks, according to government statistics. Conway Gittens reports from New York.
Goldman Sach's Breaks ICE 6 Jan 2009 at 11:50am
01/06/09 Broker Goldman Sach's announced today that it downgraded stock of the Intercontinental Exchange (ICE) due to poor year to year commision and declining volume.
Business Update: Asian exports up 6 Jan 2009 at 10:59am
Weaker domestic currencies and hopes of an aggressive U.S. recovery plan lifted markets across Asia * Nikkei up on Canon, Sony * Korean bailout of Ssangyong Motors raises Kospi * China c.bank sees 8 percent GDP growth
Gas row begins to bite in Europe 6 Jan 2009 at 10:46am
The Russia-Ukraine gas dispute has cut supplies of Russian gas to a swathe of European countries, many in the depths of a cold winter snap. The conflict escalated dramatically on Monday when Russia ordered Gazprom to cut deliveries of gas to Europe via Ukraine by a sixth, the same amount Moscow accuses Kiev of siphoning off.
Your Money: E-mail Questions to yourmoney@ap.org 6 Jan 2009 at 9:50am
With the nation in the grip of a deepening recession, there are many unanswered questions when it comes to money management. AP Personal Finance Editor Trevor Delaney is now soliciting questions via e-mail. (Jan. 5)
Steve Jobs weight loss due to hormone imbalance 6 Jan 2009 at 4:50am
Apple CEO Steve Jobs announced on Monday that he has been suffering from a hormone imbalance, leading to his severe weight loss. Jobs is already a cancer survivor. (Jan. 6)
Pre-Market: 1st Monday of 2009 5 Jan 2009 at 10:00pm
01/05/09 The stories, data, and stocks that may have the greatest impact during the next trading session.
Hang Seng Soars In Asian Trade 5 Jan 2009 at 8:43pm
01/05/09 The first day of the trading week within the major Asian markets was yet anohter good one led by Hong Kong's Hang Seng which managed to gain more than 5oo points on the day.
Dollar Surges To Start Off The Week 5 Jan 2009 at 8:32pm
01/05/09 The US dollar rallied against both the euro and yen this session as a boost in US stock prices ultimately led to a boost in risk appetite for the strong greenback.
Mastercard To Acquire Orbiscom For $100 Million 5 Jan 2009 at 8:25pm
01/05/09 Mast ercard Incorporated announced this morning that it will acquire payments services software provider Orbiscom for a reported $100 million.
Car sales worst since 19'74 5 Jan 2009 at 6:58pm
U.S. automakers posted the biggest annual sales drop in more than three decades as fear of unemployment kept Americans away from car lots. On Wall Street, the Dow dropped 81 points to 8,952. The S&P 500 lost 4 points to 927. The Nasdaq gave up 4 points to 1,628. Conway Gittens reports from New York.
Apple CEO says healthy to lead 5 Jan 2009 at 6:22pm
Steve Jobs, the man who oversaw the creation of the iPod and the iPhone, reassured investors that he is healthy enough to stay at the helm of Apple. His comments were an attempt to squash rumors that he would step down after his recent weight loss sparked speculation he was once again battling pancreatic cancer. The stock jumped after his statement was released. Speaker: Rick Hanna, equity analyst, Morningstar Conway Gittens reports from New York.
Wall St. looks for "January effect" 5 Jan 2009 at 5:35pm
After taking a beating in 2008, investors are hoping the year's first 5 trading days bring good news. The first week of the trading year is underway, and investors are watching for indications of the year ahead. The January effect has been accurate more than 85 percent of the time. Bobbi Rebell reports.
Jan. 5: Dow falls 82 to close at 8,952 5 Jan 2009 at 5:34pm
Wall Street began the first full trading week of the year with a hint of caution, even as signs of action emerge from Washington. (Jan. 5)

World Business News Text Headlines

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U.S. sex offender on the run arrested in Calgary 10 Dec 2008 at 12:07am
A convicted child molester featured on the U.S. television show America's Most Wanted has been apprehended in Calgary. Steven Andrew Hayes, 49, fled Texas in 2005 after a grand jury indicted him for aggravated sexual assault of a child. He's alleged to hav...
Mavericks show fire, but Spurs bask in afterglow of playoff-like sizzler 9 Dec 2008 at 8:12pm
DALLAS - There might have been snow falling outside instead of May flowers blooming, but it never seems to matter for the Mavericks and San Antonio Spurs. The frosty weather couldn't cool off this fiery rivalry. It looked, felt and smelled like the playoffs. On a night with off-the-charts intensity and entertainment value, the Mavericks came up a few plays short as the Spurs got out of town with a 133-126 double-overtime win at American Airlines Center that offset the Mavericks' victory in San Antonio last month.
Finance VP Dahnert Named Next SCCA President & CEO 9 Dec 2008 at 7:16pm
The Sports Car Club of America Board of Directors have selected SCCA Vice President of Finance and Administration Jeff Dahnert as the Club's next President and Chief Executive Officer. Dahnert will transition to the position Jan. 1, 2009. Dahnert arrived at SCCA in November of 2004. Since then he has brought transparency and accountability to SCCA's finances, substantially reduced loan amounts and helped bring SCCA Pro Racing back into the black. Evaluating each program and contract to the last detail and pushing for major restructuring, Dahnert has successfully turned around SCCA's finances and given the Club a bright future.
Have baseball's winter meetings outlived its usefulness 9 Dec 2008 at 6:28pm
LAS VEGAS - There was a time when the gambling capital of the United States would have made the perfect backdrop for the winter meetings. That's because the annual event used to bring out the adventurous side of Major League Baseball executives. The direction of entire franchises would hang in the balance of the frequent trades that took place during the meetings.
The GOP's Fannie/Freddie Fixation 9 Dec 2008 at 5:05pm
Congressional Republicans finally got their big chance to blame the financial crisis on the Democrats. Ever since the House Committee on Oversight and Government Reform began investigating the causes of the nation's current economic troubles in early Octo...
Baltimore Opera files for bankruptcy protection 9 Dec 2008 at 4:39pm
Another victim of the beleaguered U.S. economy, the Baltimore Opera Co., filed for Chapter 11 bankruptcy protection Tuesday. Deborah Goetz, the opera's senior director of marketing, announced in an official statement that performances of the two remaining...
Automakers Rally On Hopes For Bailout, But White House, GOP Have Concerns 9 Dec 2008 at 2:57pm
Washington came ever closer to tossing Detroit a short lifeline Monday as lawmakers and the White House neared a deal to provide .5 billion in...
Newspaper Trade: Black And Blue, Not Read All Over 9 Dec 2008 at 2:55pm
Headlines chronicling the long-declining state of the newspaper industry took a sharply grimmer tone Monday as two of the nation's most venerable...
Business Briefs - Friday 9 Dec 2008 at 2:49pm
Brown-Forman up, lifts outlook. The maker of Jack Daniel's whiskey and Finlandia vodka said its Q2 EPS fell 9.6% to 94 cents, beating views by a...
Prepared Food Doesn't Escape Shoppers' Thrift 9 Dec 2008 at 2:47pm
Several weeks ago, it looked like prepared foods were a recession-proof investment. Now, though, many food makers are weakening. What gives?
'Car czar'? Autocrat would be more like it, critics say 9 Dec 2008 at 2:11pm
WASHINGTON - When Congress and the White House stepped in to save Chrysler during a turbulent economic period nearly three decades ago, they created a Loan Oversight Board to oversee $1.2 billion in loan guarantees. Today, they're weighing appointment of a "car czar" with similar responsibilities but potentially far greater power over American automakers. As part of the legislation being drafted to provide $15 billion in bridge loans to General Motors, Chrysler and potentially Ford, lawmakers and the Bush administration both agree in principal on the need for a so-called car czar.
Managing, Against All Odds 9 Dec 2008 at 1:58pm
Sometimes, even insurance companies could use a little insurance.
Blogging Up A Storm For Customers' Sake 9 Dec 2008 at 1:53pm
Posted
Canines Battle Bed Bugs in New Business Venture 9 Dec 2008 at 1:35pm
Bed Bug Finders, LLC announces this week the launch of a new business serving Connecticut, Massachusetts and New York. It's a business that was created to help homeowners and businesses deal with the ever-growing bed bug population in North America. In New...
Ill. governor arrested as Senate selection process investigated 9 Dec 2008 at 9:38am
CHICAGO - Illinois Gov. Rod Blagojevich and his chief of staff, John Harris, were arrested Tuesday by FBI agents for what U.S. Attorney Patrick Fitzgerald called a "staggering" level of corruption involving pay-to-play politics in Illinois' top office. Blagojevich is accused of a wide-ranging criminal conspiracy, including alleged attempts by the governor to try to sell or trade the U.S. Senate seat left vacant by President-elect Barack Obama in exchange for financial benefits for the governor and his wife. Blagojevich also is accused of obtaining campaign contributions in exchange for other official actions.
A1GP News Round Up 9 Dec 2008 at 5:52am
With Christmas fast-approaching, the world of A1GP is as busy as ever with plenty of action continuing off the track. It has been an eventful weekend for current A1GP World Cup of Motorsport Champion, A1 Team Switzerland. On Friday 5 December, seat holder Max Welti and driver Neel Jani attended a ceremony in Bern as the team was presented with a special award to commemorate the 2007/08 title success.
Ford Appoints New HR Executive Director 9 Dec 2008 at 5:44am
Jenny Ball has been appointed executive director of human resources at Ford Motor Company Ltd, based at the company's Brentwood headquarters. Jenny is currently senior human resources manager for Ford's Dagenham estate, where around 4,500 are employed in diesel engine production, stamping, tooling and transport operations.
This week's Web Winners: Year-end tax tips 9 Dec 2008 at 5:18am
The tax man comes around, even in the worst of economic times. So it's time to review year-end tax tips. We've got a rundown of IRS changes from last year, and friendly advice for avoiding audits. ---
Boyden-Hull staff members recognized 9 Dec 2008 at 2:25am
Sioux County IndexHull, Iowa (STPNS) -- Boyden-Hull staff members who have reached milestones in their service to the district were recognized during halftime of the boys basketball game last Friday night. Recognition is made after two years of...
Spotlight bringing Warm Stones to Hull 9 Dec 2008 at 2:21am
Sioux County IndexHull, Iowa (STPNS) -- Warm Stones Massage and Spa Services in Rock Rapids announced recently that they will be extending their business to Hull and offering services inside the Spotlight Salon. Warm Stones owners Susan DeJongh-Vanden Hoek...
BMD Modern Hoods Announces Next Generation in Kitchen Ventilation 8 Dec 2008 at 7:00pm
Language program gives Soldiers head start on deployment {pubdate} 8 Dec 2008 at 7:00pm
WASHINGTON (Army News Service, Dec. 9, 2008) -- The Defense Language Institute has developed a "Headstart" program to help deploying troops gain skills in Arabic, Pashto and Dari -- languages spoken in Iraq and Afghanistan. With conflicts ongoing...
Malawi Moves to Limit Charcoal Use 8 Dec 2008 at 7:00pm
DATELINE: Blantyre, Malawi In Malawi, the government and environmental NGOs have joined in an effort to reduce dependency on charcoal for cooking and heating. They're looking for other forms of energy because the charcoal trade has left most of the co...
U.S. Secretary of Education Margaret Spellings Delivers Remarks at the All St... 8 Dec 2008 at 7:00pm
U.S. Secretary of Education Margaret Spellings delivered remarks on No Child Left Behind and the importance of closing the achievement gap in the U.S. at the All Stars Helping Kids 2nd Annual Sports, Business and Philanthropy luncheon today at the Sports M...