Business & Financial News
Grains Open Low, But Corn And Wheat Rally
Grains opened lower on the Chicago Board of Trade Thursday, but corn and wheat rallied,
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Continental Air Considering New Alliances
Texas-based Continental Airlines, which issued a blanket rejection of merging in April, is discussing an alliance with United Airlines,
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U.S. Markets Swing Up Thursday
U.S. stock indexes climbed to the close Thursday in spite of news U.S. industrial production slowed in April.
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Heparin Producer To Raise Prices
The shortage ensued after a rash of illnesses and deaths were linked to heparin produced by rival Baxter International Inc.,
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Crude Oil Prices Drop Thursday
The bill would give the Commodity Futures Trading Commission stronger regulatory oversight on electronic trading,
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Housing Crunch Hurting Wallboard Business
Gypsum wallboard producer USG Corp. of East Chicago, Ill, has cut production by 75 percent in the wake of a construction slowdown,
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GM Reaches Agreement To End One Strike
General Motors Corp. said Thursday it had reached a tentative agreement with workers at its Lansing, Mich., Delta Township Assembly plant.
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Bank Of England Warns Of Tough Times Ahead
In a quarterly report on inflation Wednesday, King said Britain would face rising food and energy costs,
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Yahoo! Investor Icahn Starts Proxy Fight
Billionaire Carl Icahn has nominated an entire slate of candidates to unseat Yahoo! Inc.'s 10-member board of directors,
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U.S. Markets Hold To Gains Thursday
U.S. stock indexes held to narrow gains Thursday on news of increased jobless claims and a jump in oil prices.
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U.S. Industrial Production Slowed In April
U.S. industrial production slowed in April after a marginal rise in March, the U.S. Federal Reserve said Thursday.
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May Manufacturing Flat In New York
Manufacturing activity in New York state declined slightly in May, the Federal Reserve Bank of New York said Thursday.
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U.S. Foreclosures Rose 4 Percent In April
During the month, 243,353 filings, including default notices, auction sales notices and bank repossessions were reported,
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U.S. Mortgage Rates Drop During Week
The 30-year fixed interest rate mortgages averaged 6.01 percent with an average 0.6 points,
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Hispanic Jobless Rate Shows Vulnerability
Unemployment among U.S. Hispanics has risen faster than other groups, underscoring their vulnerability in the U.S. economy,
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