News List
Euro Down Ahead of ECB Meeting on Rates
BERLIN (AP) -- The 13-nation euro was down slightly against the U.S. dollar on Thursday before the European Central Bank's decision on interest rates. In morning trading, the euro bought $1.3155, down from $1.3178 the night before in New York. The do
Taiwan Indicts Businessman, Family
TAIPEI, Taiwan (AP) -- A fugitive Taiwanese businessman, along with his wife and six children, were indicted Thursday on charges of embezzling funds in one of Taiwan's biggest financial scandals, a prosecutor said. Wang You-theng, founder and chairma
Ahead of the Bell: Bush & Brazil Ethanol
NEW YORK (AP) -- Ethanol producers -- with their sights fixed on the fluctuating price of corn, ethanol and crude oil -- will likely watch for news coming out of President Bush's scheduled meeting with Brazil on Wednesday. The president is slated to
Pier 1 Same-Store Sales Fall in February
FORT WORTH, Texas (AP) -- Home furnishings retailer Pier 1 Imports Inc. said Thursday its same-store sales in February declined 8.4 percent, worse than the average analyst estimate of a 4.4 percent decline, according to a Thomson Financial survey. Sa
Ahead of the Bell: Tyson Foods
NEW YORK (AP) -- The world's largest meat producer, Tyson Foods Inc., which recently unveiled plans for a $45 million research and development center, hosts an analyst day Thursday. Stephens Inc. analyst Farha Aslam said the company is likely to talk
Ahead of the Bell: Walt Disney
NEW YORK (AP) -- Entertainment conglomerate Walt Disney Co., which operates theme parks, television networks and film studios, hosts its annual shareholders meeting Thursday. At a Monday meeting hosted by Bear Stearns, the company said it continues t
Tyco International to Discuss Split
NEW YORK (AP) -- Diversified conglomerate Tyco International Ltd., which is preparing for a three-part split by the end of April, hosts a shareholder meeting Thursday. A year ago, Tyco announced plans to split off its Tyco Electronics and Tyco Health
S.Korea to Relax Quarantine on U.S. Beef
SEOUL, South Korea (AP) -- South Korea said Thursday that it will lower its quarantine standards this month over banned bone fragments in American beef shipments, paving the way for the resumption of U.S. beef imports. South Korea -- once America's t
Malaysian PM Won't Sacrifice Interests
KUALA LUMPUR, Malaysia (AP) -- Malaysia's prime minister on Thursday promised that national interests will not be compromised in negotiations for a free trade area with the United States. At least five rounds of the talks so far have ended in a deadl
Singapore Shares Climb 2.1 Percent
SINGAPORE (AP) -- Singapore shares rose for the third straight session Thursday amid lackluster trading. The benchmark Straits Times Index gained 63.34 points, or 2.1 percent, to close at 3,122.49. Among gainers were banking and property stocks. Unit
Lufthansa Reports Rise in 2006 Earnings
BERLIN (AP) -- German airline Lufthansa AG said Thursday full-year 2006 profit rose 77 percent, confirming preliminary numbers released in January. The Cologne-based airline, Germany's biggest, said net profit increased to euro803 million ($1.06 bill
CSA Reports Net Loss of $18.52M in 2006
PRAGUE, Czech Republic (AP) -- Czech state-run airline CSA's 2006 loss was lower than expected, it said Thursday. CSA said its 2006 net loss narrowed to 397 million koruna ($18.52 million) from the 496 million koruna ($23.15 million) in 2005. The air
HBOS, Tom Hunter to Buy Crest Nicholson
LONDON (AP) -- HBOS PLC and Tom Hunter's West Coast Capital said Thursday they agreed to buy British homebuilder Crest Nicholson PLC in a deal that values the company at 715 million pounds ($1.38 billion). Castle Bidco -- the entity formed to make th
Hong Kong Shares Rise 1.36 Percent
HONG KONG (AP) -- Hong Kong shares rose sharply Thursday, boosted by stronger-than-expected earnings by Hong Kong Exchanges Clearing. The blue-chip Hang Seng Index rose 256.53 points, or 1.36 percent, to 19,175.17. Among the gainers, Hong Kong Exchan
Indonesian Shares End Up 1.6 Percent
JAKARTA, Indonesia (AP) -- Indonesian shares rose Thursday, helped by gains in most Asia markets and a firmer rupiah. The Jakarta Stock Exchange Composite index closed 28.369 points or 1.6 percent up to 1,771.558 in a moderate trading where gainers t
