WRAL.com - AP Business News
WRAL.com - AP Business News
Durable goods post strong gains in June, July
Posted: 27 Aug 2008 at 6:38pm
U.S. factories saw a surprisingly hefty increase in their orders for big-ticket products in July, reflecting continued strength in export sales and a boost to business investment from the government's tax stimulus package.
TiVo shows another profit, but outlook weak
Posted: 27 Aug 2008 at 11:32pm
TiVo Inc. managed consecutive quarters of profitability for the first time ever despite eroding subscriptions, demonstrating that the pioneer in digital video recorders is on track in reducing marketing expenses and subsidies.
Fannie Mae shakes up management team
Posted: 27 Aug 2008 at 7:21pm
Mortgage finance giant Fannie Mae shook up its executive ranks Wednesday, after shares in it and sibling company Freddie Mac rose for a third straight day as investors appeared less certain a government bailout of the two troubled companies is imminent.
Stocks rise following gain in durable goods orders
Posted: 27 Aug 2008 at 6:09pm
Wall Street posted a sizable advance Wednesday after the government reported a larger-than-expected increase in orders for big-ticket manufactured goods that indicated the economy could be stronger than some investors thought.
Questions follow Mattel's $100M Bratz verdict
Posted: 27 Aug 2008 at 9:34pm
A three-month trial that pitted Mattel Inc. against Bratz-maker MGA Entertainment Inc. brought a $100 million jury award for the house of Barbie, but the legal battle is far from over.
Factory had tension between union, immigrants
Posted: 27 Aug 2008 at 8:48pm
Union bosses in this region of rural Mississippi have long grumbled that the largest factories here hire illegal immigrants, and that the immigrants were starting to get more overtime and supervisory positions.
Oil ends higher as Gustav spins toward Gulf
Posted: 27 Aug 2008 at 3:54pm
Oil prices climbed for a third day Wednesday as fears deepened that Tropical Storm Gustav could enter the Gulf of Mexico as a powerful hurricane and disrupt oil and natural gas production.
US thrifts 2Q loss of $5.4B is second largest ever
Posted: 27 Aug 2008 at 5:41pm
U.S. thrifts lost $5.4 billion in the second quarter and set aside a record amount to cover losses from bad mortgages and other loans.
SEC proposes international accounting plan
Posted: 27 Aug 2008 at 3:56pm
Federal regulators on Wednesday proposed a plan to allow public companies to begin using international accounting standards for reporting financial results in two years, and may require them to do so starting in 2014.
Consumers picked to test hydrogen car prototypes
Posted: 27 Aug 2008 at 5:21pm
Tom Albert drove his loaner Chevrolet Equinox like any other car.
