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Durable goods, new home sales better than expected

April 24, 2009 7:14 am | by MARTIN CRUTSINGER - AP Economics Writer - Associated Press | News | Comments

WASHINGTON (AP) — Demand for big-ticket manufactured goods and new home sales both were better than expected in March, raising some hopes that the long slides in manufacturing and housing are slowly coming to an end.The Commerce Department said Friday that orders for durable goods dropped 0.8...

WTO rules against US in trade dispute with Japan

April 24, 2009 6:54 am | by The Associated Press | News | Comments

GENEVA (AP) — The World Trade Organization ruled against the United States on Friday in a trade case, saying it continued to apply illegal import duties on Japanese steel products and ball bearings.The 65-page verdict says Washington had failed to change how it sets fees for goods it suspects are...

'Madden NFL 10' to cover Polamalu, Fitzgerald

April 24, 2009 6:43 am | by LOU KESTEN - Associated Press Writer - Associated Press | News | Comments

WASHINGTON (AP) — For the first time in its storied (some say cursed) history, the cover of EA Sports' "Madden NFL" video game will feature two cover athletes: Pittsburgh Steelers safety Troy Polamalu and Arizona Cardinals receiver Larry Fitzgerald."Being on the cover of 'Madden' is a real honor,"...

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AP sources: Chrysler could still avoid bankruptcy

April 24, 2009 6:43 am | by The Associated Press | News | Comments

DETROIT (AP) — With a government-imposed deadline for massive restructuring less than a week away, Chrysler LLC and Treasury Department officials are still holding out hope that they can reach deals to keep the troubled automaker out of bankruptcy court, two people briefed on the talks said...

H & R Block prepares fewer tax returns this year

April 24, 2009 6:13 am | by The Associated Press | News | Comments

KANSAS CITY, Mo. (AP) — H&R Block Inc. said Friday it prepared 3.1 percent fewer returns in the just-completed tax filing season, although tax preparation revenue rose slightly because of higher average fees and more complex returns.In its final tax season update for fiscal 2009, the nation's...

Delta Air to return to Dallas Love Field

April 24, 2009 6:08 am | by The Associated Press | News | Comments

DALLAS (AP) — Delta Air Lines Inc. said Friday it will begin flights to and from Dallas Love Field this summer.The move will put Delta, the world's largest airline operator, head-to-head against Southwest Airlines Co., the dominant carrier at close-in Love Field.To meet with legal restrictions at...

FAA: bird strikes more than double at big airports

April 24, 2009 5:48 am | by The Associated Press | News | Comments

WASHINGTON (AP) — Airplane collisions with birds have more than doubled at 13 major U.S. airports since 2000, and New York's Kennedy airport and Sacramento International report the most incidents with serious damage, according to Federal Aviation Administration data released for the first time...

Safran to buy 81pct stake in GE Security unit

April 24, 2009 5:37 am | by The Associated Press | News | Comments

NEWARK, Calif. (AP) — French aerospace and defense manufacturer Safran Group has agreed to buy an 81 percent stake in GE Security Inc.'s homeland protection business for $580 million.Under the deal, GE Security's corporate parent, General Electric Co., will retain a 19 percent stake in the...

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CF Industries 1Q profit falls, revenue tops view

April 24, 2009 5:27 am | by The Associated Press | News | Comments

DEERFIELD, Ill. (AP) — Fertilizer maker CF Industries Holdings Inc. said its first-quarter profit fell 61 percent as higher costs pressured its margins even as revenue topped Wall Street estimates.The Deerfield, Ill.-based company said after the markets closed Thursday that it earned $62.7 million,...

Colo. Senate panel backs cell phone bill

April 24, 2009 4:51 am | by COLLEEN SLEVIN - Associated Press Writer - Associated Press | News | Comments

DENVER (AP) — A bill requiring drivers to use handsfree devices while talking on cell phones is advancing at the state Capitol, but it could run into trouble later.The Senate Finance Committee backed the measure (House Bill 1094) in a 4-3 vote Thursday. Shelley Forney, whose 9-year-old daughter,...

Arch Coal's 1Q profits tumble; issues dour outlook

April 24, 2009 4:41 am | by The Associated Press | News | Comments

ST. LOUIS (AP) — Arch Coal profits fell more than 60 percent in the first quarter with power demand from steelmakers and other manufacturers evaporating. The company warned Friday of a potentially "ugly, ugly year" and released guidance well below Wall Street expectations.The company's long-delayed...

3M 1st-quarter profit slips 48 pct

April 24, 2009 4:05 am | by The Associated Press | News | Comments

WASHINGTON (AP) — 3M Co., which makes everything from Post-it notes to car components, reported a 48-percent drop in its first-quarter earnings on Friday, hurt by weak demand from many of its customers, including the battered auto industry. The manufacturer cut its 2009 profit outlook, as well.In a...

King Pharma CEO's pay falls by nearly half in 2008

April 24, 2009 4:00 am | by MARLEY SEAMAN - AP Health Writer - Associated Press | News | Comments

NEW YORK (AP) — King Pharmaceuticals Inc. in 2008 paid its chief executive a little more than half his compensation from the previous year, largely because of a decline in stock and options awards, according to an Associated Press analysis of a regulatory filing.Brian Markison's 2008 compensation...

Finance officials at odds over IMF funding plan

April 24, 2009 3:45 am | by CHRISTOPHER S. RUGABER - AP Economics Writer - Associated Press | News | Comments

WASHINGTON (AP) — Finance officials are pledging to keep the momentum going in their efforts to combat a severe global downturn but have hit a stumbling block in differences over how to boost the resources of the International Monetary Fund.The debate underscored what could be a growing divide...

Lufthansa says it's prepared for difficult market

April 24, 2009 3:45 am | by GEORGE FREY - AP Business Writer - Associated Press | News | Comments

FRANKFURT (AP) — Airline Deutsche Lufthansa AG said Friday it expects the current difficult operating environment to continue in 2009, but that it was well prepared for the economic turbulence and the expected consolidation in the airline industry.At the company's annual general meeting,...

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