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Costco to change how it sells gas

April 23, 2009 11:42 am | by The Associated Press | News | Comments

KANSAS CITY, Mo. (AP) — Costco Wholesale Inc. has agreed to install new pumps at some stores to adjust gasoline prices when fuel temperatures rise above 60 degrees.The agreement would end Costco's involvement in a lawsuit filed by consumers who say gasoline retailers have knowingly overcharged...

Mortgage rates dip, stay above record lows

April 23, 2009 11:42 am | by The Associated Press | News | Comments

WASHINGTON (AP) — Rates on 30-year mortgages fell slightly from last week but remained just ahead of record lows posted this month, Freddie Mac said Thursday.Average rates on 30-year fixed mortgages dipped to 4.8 percent from 4.82 percent last week, Freddie Mac said. Last year at this time, the...

ACLU: US Attorney OK'd GPS to track cell phones

April 23, 2009 11:32 am | by The Associated Press | News | Comments

TRENTON, N.J. (AP) — The American Civil Liberties Union says the U.S. Attorney's Office for New Jersey under Christopher Christie, now a GOP gubernatorial candidate, tracked the whereabouts of citizens through their cell phones without warrants.The ACLU says the practice is disclosed in documents...

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Midwest home sales post 7 pct annual decline

April 23, 2009 11:32 am | by DAVID TWIDDY - AP Business Writer - Associated Press | News | Comments

KANSAS CITY, Mo. (AP) — Home sales in the Midwest declined again in March as lingering economic uncertainty kept early spring home shoppers from becoming buyers, but the region still fared better than the rest of the country, according to two reports released Thursday.Existing home sales in the...

Shell settles with Texas environmental groups

April 23, 2009 11:06 am | by ERNEST SCHEYDER - AP Energy Writer - Associated Press | News | Comments

NEW YORK (AP) — Shell Oil Co. reached a $5.8 million settlement Thursday with environmental groups and agreed to cut greenhouse gas emissions at a Gulf Coast refinery.The agreement, which must still be approved by a federal judge, would cut greenhouse gas emissions at the Deer Park, Texas, refinery...

Autos task force to consider SBA loans for dealers

April 23, 2009 11:01 am | by KIMBERLY S. JOHNSON - AP Auto Writer - Associated Press | News | Comments

DETROIT (AP) — A national auto dealers group said Thursday that President Obama's auto task force is considering extending loans usually reserved for small businesses to dealers, making it easier for them to borrow money to acquire showroom vehicles.According to the National Automobile Dealers...

Business events scheduled for the coming month

April 23, 2009 10:56 am | by The Associated Press | News | Comments

FRIDAY, May 1NEW YORK — The Institute for Supply Management releases its manufacturing index for April, 10 a.m.DETROIT — Major automakers report U.S. auto sales for April.WASHINGTON — Commerce Department releases factory orders for March, 10 a.m.SAN RAMON, Calif. — Chevron Corp. reports...

Yum Brand stock surges

April 23, 2009 10:51 am | by BRUCE SCHREINER - Associated Press Writer - Associated Press | News | Comments

LOUISVILLE, Ky. (AP) — Yum Brands Inc.'s stock surged Thursday as the operator of Taco Bell, Pizza Hut and KFC laid out ambitious plans for overseas expansion and offered an upbeat outlook for its U.S. business despite a sluggish first quarter.The company reported Wednesday that its first-quarter...

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Canadian official: Chrysler, workers close to deal

April 23, 2009 10:51 am | by The Associated Press | News | Comments

TORONTO (AP) — Talks between the Canadian Auto Workers and Chrysler Canada are showing progress and an announcement could come Thursday, said the union's president.Ken Lewenza said the union is very close to reaching a deal, after both sides failed to agree on wage cuts at Chrysler Canada by...

AmerenUE suspends plans for 2nd nuclear reactor

April 23, 2009 10:15 am | by JIM SALTER - Associated Press Writer - Associated Press | News | Comments

ST. LOUIS (AP) — The power company AmerenUE has suspended plans to build a second nuclear reactor at its central Missouri plant.The utility made the announcement Thursday at parent Ameren Corp.'s St. Louis headquarters.It comes a day after supporters of state legislation designed to help Ameren...

GM to temporarily shut 13 plants, cut production

April 23, 2009 10:05 am | by TOM KRISHER - AP Auto Writer - Associated Press | News | Comments

DETROIT (AP) — General Motors Corp. said Thursday it will temporarily close 13 assembly plants in the U.S. and Mexico — some for more than two months — laying off nearly 24,000 workers to pare back a bloated inventory.The closures, which will start in May, vary by factory from as short as three...

Obama pledges protections for credit-card users

April 23, 2009 10:00 am | by BEN FELLER - Associated Press Writer - Associated Press | News | Comments

WASHINGTON (AP) — President Barack Obama says he will push for a law to provide "strong and reliable" protections for the millions of Americans who have credit cards.The president on Thursday outlined his priorities after meeting with chief executives of the credit-card lending industry.Obama said...

Arch Coal set to release 1Q earnings

April 23, 2009 10:00 am | by JIM SUHR - AP Business Writer - Associated Press | News | Comments

ST. LOUIS (AP) — Arch Coal Inc., one of the world's biggest coal producers, reports earnings for the first quarter before the market opens Friday. The following is a summary of key developments and analyst opinion related to the period.OVERVIEW: Shares of major coal mining companies have been under...

Royal Caribbean books 1Q loss but beats forecasts

April 23, 2009 9:54 am | by KRISTEN A. LEE - AP Business Writer - Associated Press | News | Comments

NEW YORK (AP) — Royal Caribbean Cruises Ltd., battered by a sharp and prolonged drop in vacation spending, said Thursday it lost less in the first quarter than expected as bookings stabilized and cruise costs declined more than anticipated.Travelers responding to aggressive discounts boosted...

California AG sues Wells Fargo subsidiaries

April 23, 2009 9:49 am | by The Associated Press | News | Comments

SAN FRANCISCO (AP) — California Attorney General Jerry Brown has sued subsidiaries of Wells Fargo & Co. for selling more than $1 billion in securities through allegedly deceptive advertising.The lawsuit filed in San Francisco Superior Court accuses Wells Fargo Investments LLC, Wells Fargo Brokerage...

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