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Stocks fall sharply on consumer spending worries
The Associated PressThe reality that the nation is indeed in recession and that the downturn may well be prolonged sent Wall Street plunging today, hurtling the Dow Jones industrials down nearly 700 points and wiping out more than half of last week's big gains. All the major...Tags: Henry Paulson
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Retailers shift focus to Cyber Monday shoppers
The Associated PressThe Thanksgiving shopping weekend may not have been the disaster some had feared, but unprecedented discounts and tempered buying likely resulted in overall soft sales as a buying binge on Friday quickly fizzled. Now, online retailers are ramping up deals...Tags: Taubman Centers Incorporated, Game Playing, Company Information, Toys, Dillard's Incorporated
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Deadlines for other inhalers to go eco-friendly
Patients with asthma and other lung diseases should stay tuned: Quick-acting albuterol inhalers aren't the only lung medicines poised for changes because they're powered by ozone-damaging chemicals called CFCs. The most-used daily medications used to...Tags: Medicine, Health Organizations, COPD, Western Medicines, Asthma
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More data point to a modest sales gain for Thanksgiving weekend
AP Business WriterNEW YORK (AP) _ The nation's stores finally got some relief this Thanksgiving weekend, according to data released late Monday, but the sales gains were modest and analysts worry the pace can't be sustained through the season and beyond as shoppers worry...Tags: Economy, Retirement, Thanksgiving, E-Commerce Industry, Black Friday (shopping)
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EU governments, parliament strike deal to curb CO2 emissions from new cars
BRUSSELS, Belgium (AP) _ European Union governments and the European Parliament struck a provisional deal Monday that gives car makers more time to meet stricter limits on greenhouse gas emissions. The new rules encourage car makers to sell more small...Tags: Parliament, Volkswagen AG, Passenger Cars, European Union, Automotive Equipment
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J & J to buy breast implant maker Mentor for $1.07 billion
Associated PressTRENTON, N.J. -- In a move to become a major player in cosmetic and reconstructive surgery, health care products company Johnson & Johnson said today that it would buy cosmetic-product and breast-implant maker Mentor Corp. for $1.07 billion. Analysts...Tags: Therapies, Allergan Incorporated, Beauty Products, Mentor Corporation, Pharmaceuticals
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CHICAGO-add Mercantile table,
*# *# *Open*High*Low*Settle* Chg. LUMBER # *#*#*#*#*#*#*#*#*#*# 110,000 bd. ft.; $ per 1,000 bd. ft.**#* Jan 192.1 192.6 187.8 188.0 --5.5 Mar 208.0 208.0 201.3 201.8 --8.0 May 222.8 223.8 217.0 218.7 --8.3 Jul 233.8 233.8 225.6 225.9 --8.0 Sep 235.4 235.... -
Ford weighs selling Volvo amid industry downturn
AP Auto WritersFord Motor Co. is considering selling Volvo Car Corp. as the beleaguered U.S. automaker seeks to raise cash and weather a global automotive sales crisis. Goteborg-based Volvo Cars, which Ford bought in 1999, has been struggling against a weak U.S....Tags: Ford, Chrysler LLC, Economic Policy, General Motors Corp., Government
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Euro zone rejects slashing VAT below 15 pct, starts talking about economy stimulus plan
AP Business WriterBRUSSELS, Belgium (AP) _ Euro zone nations on Monday ruled out slashing sales tax to boost their economies but backed a wide euro200 billion ($252 billion) economic stimulus package that aims to boost growth. Finance ministers from the 15 nations that...Tags: Government, Investment Service, Economy, Business Enterprises, National Government
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Clearwire to sell WiMax broadband service under "Clear" brand, replacing Sprint's "Xohm"
AP Business WriterKANSAS CITY, Mo. (AP) _ Clearwire Corp. said Monday it will sell its wireless broadband services under the brand name Clear, eventually replacing the Xohm brand that partner Sprint Nextel Corp. has used since September. The Kirkland, Wash.-based...Tags: Sprint Nextel Corporation, Google Inc., Intel Corp., Time Warner Inc., Telecommunication Service
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Analysts see busy online shopping day on 'Cyber Monday' but weak overall holiday still likely
AP Retail WriterNEW YORK (AP) _ Retailers who saw Thanksgiving holiday sales drop off as the weekend progressed stepped up online promotions on the day known as "Cyber Monday" to try to get consumers tired of the crowds at stores to keep shopping. But after weeks of...Tags: Taubman Centers Incorporated, Company Information, E-Commerce Industry, Amazon.com Inc., Black Friday (shopping)
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Wall Street breaks 5-day win streak as stocks plunge; Dow down 680 in 4th-worst decline
AP Business WritersNEW YORK (AP) _ The stock market suffered one of its worst days since the financial meltdown Monday, slicing 680 points off the Dow Jones industrial average as Wall Street snapped out of its daydream of a rally and once again faced the harsh reality of...Tags: Economy, Ford Motor Co., Automotive Equipment, Wachovia Corp., Stock Broking
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