WRAL.com - AP Business News
WRAL.com - AP Business News
UAW, American Axle reach deal that could end strike
Posted: 17 May 2008 at 1:41pm
American Axle and Manufacturing Holdings Inc. boosted its wage offer and increased the payments it will give workers to take a wage cut as part of a tentative agreement that could settle an 11-week strike by the United Auto Workers union, a person briefed on the deal said Saturday.
Oil sets record near $128; pump price at high, too
Posted: 17 May 2008 at 10:56am
News that Saudi Arabia had boosted its oil output by 300,000 barrels a day was greeted as a non-event on oil markets - the move wasn't anywhere near the kind of production increase needed to bring prices down on Friday.
AOL seeks growth in shift from mass site to niches
Posted: 17 May 2008 at 7:46am
A company rooted in bringing the Internet to the masses, AOL is shifting its focus toward serving niche audiences with the launch of dozens of specialty Web sites.
AOL sheds its brand to draw specialty audiences
Posted: 17 May 2008 at 7:47am
Unless you're looking carefully, you'll likely miss the fact that the new Asylum Web site for young men is a creation of Time Warner Inc.'s AOL. Same for WalletPop on personal finance, Spinner on indie music and StyleList on fashion.
Summer may bring a turning point for stock market
Posted: 17 May 2008 at 3:58am
After nine months of turmoil that started with the collapse of the subprime mortgage market, Wall Street appears to be at a turning point of sorts.
Ex-Malaysian leader calls for ban on Halliburton
Posted: 17 May 2008 at 8:06am
Former Prime Minister Mahathir Mohamad on Saturday slammed the government's move to allow U.S. oilfield services provider Halliburton Co. to begin operating in Malaysia, saying the country doesn't need "blood money."
Sen. Kennedy hospitalized, source tells AP
Posted: 17 May 2008 at 11:52am
Source says Sen. Edward M. Kennedy of Massachusetts hospitalized with apparent stroke-like symptoms.
Cathay Pacific Airways considers cutting routes
Posted: 17 May 2008 at 8:07am
Cathay Pacific Airways might cut routes to help cope with surging fuel prices, its chief executive said.
Rights activists in Peru condemn corporations
Posted: 17 May 2008 at 8:08am
Human rights activists "ethically and morally" condemned 24 European corporations on Friday, accusing them of environmental contamination, labor exploitation and selling dangerous pesticides in Latin America.
Treasury secretary says markets are calmer now
Posted: 17 May 2008 at 8:13am
Treasury Secretary Henry Paulson said Friday that financial markets are "considerably calmer" now than they were two months ago. He predicted the economy will be rebounding by the second half of this year.
