Business - Latest News

These are the latest Business stories added to our newspaper. They're sorted in descending order with the newest story at the top.

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Grain futures mixed Friday Friday 20th of November 2009 04:45:41 PM CHICAGO, Nov. 20 (UPI) -- Grain futures closed mixed on the Chicago Board of Trade Friday as Wall Street equities spent the entire day in negative territory. Corn was off 3 1/4 to off 4, soybeans were up 3 1/2 to up 7, wheat was off 2 3/4 to off 3 1/4 and oats were off 1 1/2. Corn futures closed lower despite a Mexican corn producers association predicti... Read more	Oil prices wobble on recovery concerns Friday 20th of November 2009 04:16:29 PM NEW YORK (AFP) -- Oil prices remained depressed Friday amid a strengthening dollar and concerns over sustainable economic recovery.New York's main contract, light sweet crude for December delivery, dropped 74 cents to end the week at 76.72 dollars after slum... Read more
Crude oil prices slide Friday Friday 20th of November 2009 04:05:57 PM NEW YORK, Nov. 20 (UPI) -- Crude oil prices dipped below $77 per barrel on the New York Mercantile Exchange as declines in equity markets hinted at slow demand. Light, sweet crude dropped 56 cents overnight and finished the day at $76.90 per barrel. Heating oil lost 0.0149 cents to $1.9815 per gallon. Reformulated gasoline prices added 0.0136 cents to $1.9831 p... Read more	First Air France A380 reaches New York Friday 20th of November 2009 03:56:12 PM NEW YORK (AFP) -- The world's largest airliner, an Air France A380, touched down in New York on Friday after completing the superjumbo jet's first Atlantic crossing from Europe to the United States.The Airbus plane, carrying 538 passengers, left Paris earli... Read more
Gorilla Inc. safety harnesses recalled Friday 20th of November 2009 03:45:09 PM WASHINGTON, Nov. 20 (UPI) -- The U.S. Consumer Product Safety Commission announced a voluntary recall of Gorilla Inc. EXO-Tech safety harnesses due to a fall hazard. The harnesses, used as a restraining devise by hunters, includes webbing on the waist belt that is not property routed through the harness, allowing for the stitching to tear, which would create a ... Read more	Salomon USA ski bindings recalled Friday 20th of November 2009 03:31:06 PM WASHINGTON, Nov. 20 (UPI) -- The U.S. Consumer Product Safety Commission announced a voluntary recall of Salomon USA ski bindings due to a fall hazard. The toe component of the Alpine Ski Bindings can release unexpectedly, creating a risk of falling, the commission said. The bindings were manufactured in Romania for Salomon SAS of France and imported to ... Read more
US newspaper ad revenue down nearly 28 percent Friday 20th of November 2009 03:20:08 PM WASHINGTON (AFP) -- US newspaper advertising revenue fell by nearly 28 percent in the third quarter, continuing a slide which has led to layoffs, bankruptcies and the closure of several dailies.Print and online advertising revenue declined to 6.4 billion do... Read more	Roubini paints grim picture on jobs Friday 20th of November 2009 03:17:04 PM WASHINGTON, Nov. 20 (UPI) -- Former Clinton administration economist Nouriel Roubini warned U.S. job losses could be expected to continue well past the end of the recession. Remember: The last recession ended in November 2001, but job losses continued for more than a year-and-a-half until June of 2003; ditto for the 1990-91 recession, Roubini wrote in a ... Read more
Cost Plus cookware recalled Friday 20th of November 2009 02:57:14 PM WASHINGTON, Nov. 20 (UPI) -- The U.S. Consumer Product Safety Commission announced a voluntary recall of Cost Plus World Market stainless steel cookware due to a burn hazard. The handles on the stainless steel pots and pans imported from India by Cost Plus Inc. of Oakland, Calif., can break, posing a burn hazard to users, the commission said. The cookwar... Read more	Chile airports resume operations after major strike Friday 20th of November 2009 02:55:33 PM SANTIAGO (AFP) -- Chilean airports resumed normal activity on Friday, after some 2,000 airport workers launched a country-wide strike that caused flight delays, the General Directorate of Civil Aviation said."The strike caused a slowdown of security checks f... Read more
Employees head for door during downturn Friday 20th of November 2009 02:48:10 PM PHILADELPHIA, Nov. 20 (UPI) -- A majority of U.S. workers in a national survey indicated they would leave their jobs within a year, a sign of unhappy workers, an employment expert said. Right Management, the research arm of employment services giant Manpower, said 60 percent of the 900 respondents in a recent survey indicated they intended to leave their jobs w... Read more	Study: Michigan turnaround in late 2011 Friday 20th of November 2009 02:41:45 PM LANSING, Mich., Nov. 20 (UPI) -- University of Michigan economists said Michigan, with the highest unemployment rate in the nation, should see a slight resurgence in late 2011. The unemployment rate in the Great Lakes state is currently 15.1 percent. The study said in 2009 Michigan will lose 283,000 jobs, the Detroit Free Press reported. But job losses ... Read more
Boeing starts work on second Dreamliner assembly site Friday 20th of November 2009 02:36:08 PM NEW YORK (AFP) -- US aerospace giant Boeing broke ground Friday for the second assembly plant for its new 787 Dreamliner aircraft scheduled for its first test flight by the end of the year.The facility at North Charleston, South Carolina also will have the ... Read more	U.S. markets lower Friday Friday 20th of November 2009 01:41:17 PM NEW YORK, Nov. 20 (UPI) -- U.S. markets pulled back from early losses, but remained in negative territory Friday after a week of shaky economic data. The Federal Home Loan Mortgage Corp. said interest rates for fixed-rate loans were at record lows this week, but the Mortgage Bankers Association countered with data showing mortgage delinquency rates at record hi... Read more
Crisis fallout still in 'first half': forum Friday 20th of November 2009 01:25:47 PM by W.G. Dunlop DUBAI (AFP) -- The impact of the global financial crisis is still in its "first half," but there is only a brief opportunity to bring tough reforms, the World Economic Forum warned on Friday."It is still too early for people to pat themselves ... Read more	Turkey scraps nuclear power plant tender Friday 20th of November 2009 01:20:58 PM ANKARA (AFP) -- Turkey on Friday scrapped a 2008 tender won by a Russian-led consortium to build the country's first nuclear power plant -- a process that had been under threat of being invalidated by a court decision.In a brief statement, the state-run ele... Read more
New budget to save Greek economy: prime minister Friday 20th of November 2009 01:15:27 PM ATHENS (AFP) -- The Greek socialist government tabled a budget on Friday to cut the public deficit to 9.1 percent of output and save the country's economy from the "emergency room," Prime Minister George Papandreou said."We undertook the responsibility to ta... Read more	First out of economic trouble: Norway Friday 20th of November 2009 12:31:49 PM PARIS, Nov. 20 (UPI) -- The Organization for Economic Cooperation and Development in Paris said this week Norway would be the first European state to return to economic health. The Norway Post reported Friday that Norway was projected to reach full capacity by 2011 in the OECD semi-annual economic report. OECD is the economic study group for 30 de... Read more
Volkswagen board okays Porsche takeover Friday 20th of November 2009 12:15:55 PM BERLIN (AFP) -- Volkswagen, Europe's biggest carmaker, said on Friday that its supervisory board had cleared the way for its planned takeover of sportscar maker Porsche.The German giant said in a statement that its supervisory board had approve... Read more	China boosts world steel output: association Friday 20th of November 2009 11:30:51 AM PARIS (AFP) -- World steel output rose 13.1 percent in October from the level of output a year earlier, driven largely by production in China, the World Steel Association said on Friday.Production came to 112 million metric tons, the association said, addin... Read more