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WellPoint earnings top views; enrollment a worry

April 22, 2009 2:32 am | by The Associated Press | News | Comments

INDIANAPOLIS (AP) — WellPoint Inc. trumped Wall Street's first-quarter profit expectations on Wednesday, but sliding enrollment and the shaky economy prompted the health insurer to issue a cautious outlook for the rest of 2009.The largest private insurer based on enrollment said it lost 814,000...

UK Treasury presents recession budget

April 22, 2009 2:21 am | by ROBERT BARR - Associated Press Writer - Associated Press | News | Comments

LONDON (AP) — British Treasury chief Alistair Darling will present the government's budget on Wednesday, with his options constricted after pumping billions into stabilizing a foundering economy.Some tax breaks intended to stimulate spending may be introduced or continued, but the government's...

Continental Airlines posts 1Q loss

April 22, 2009 2:11 am | by The Associated Press | News | Comments

DALLAS (AP) — Continental Airlines Inc. said Wednesday it lost $136 million in the first quarter as traffic fell and business travelers saved money by moving from first-class to the coach cabin.The Houston-based carrier joined a growing list of airlines that lost money in the first quarter, even...

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Volkswagen first quarter profit down 74 percent

April 22, 2009 2:11 am | by The Associated Press | News | Comments

FRANKFURT (AP) — German carmaker Volkswagen AG said Wednesday net profit plummeted 74 percent as the world economic crisis cut into demand for its cars and trucks, especially in the U.S. market.Sales rose however in emerging markets such as China and Russia — and in its home market of Germany,...

Billionaire accused of 'looting' posh Mont. resort

April 22, 2009 1:05 am | by MATTHEW BROWN - Associated Press Writer - Associated Press | News | Comments

MISSOULA, Mont. (AP) — Flamboyant billionaire Tim Blixseth lived the high life as the posh mountain resort he founded for the ultrarich spiraled into bankruptcy.The timber baron turned luxury resort developer bought plush airplanes, sprawling estates in France, Mexico and Scotland and a private...

AMA plans one-stop electronic shopping for docs

April 22, 2009 12:45 am | by The Associated Press | News | Comments

CHICAGO (AP) — The American Medical Association is developing a Web-based service offering doctors electronic prescribing, up-to-date reference material and other resources.The idea is to make it easier for physicians to adopt technology President Obama is promoting for health care reform, to...

UK agency bans eBay ad claiming 25 pct discounts

April 21, 2009 11:54 pm | by The Associated Press | News | Comments

LONDON (AP) — Britain's advertising watchdog has told eBay to stop claiming that it offers new goods 25 percent below store prices.The Advertising Standards Authority said Wednesday that eBay's poster implied that shoppers could buy anything at that discount from store prices.eBay International AG...

France's Carrefour launches new discount brand

April 21, 2009 11:44 pm | by The Associated Press | News | Comments

PARIS (AP) — French retailer Carrefour SA said Wednesday it is launching a new low-cost range of products to attract cost-conscious consumers hurt by the recession and to win market share on its home turf.Gilles Petit, head of the French division, said in a press conference that the 'Carrefour...

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NM management areas battle noxious, costly weeds

April 21, 2009 11:29 pm | by MELANIE DABOVICH - Associated Press Writer - Associated Press | News | Comments

ALBUQUERQUE, N.M. (AP) — Rio Arriba County rancher Delfin Quintana remembers buying hay for his cattle several years ago. It wasn't long before the 80-year-old realized he got more than he had bargained for with those bundles.Noxious weeds started popping up on the range where his family has...

Obama heads to Iowa for Earth Day, US

April 21, 2009 11:24 pm | by PHILIP ELLIOTT - Associated Press Writer - Associated Press | News | Comments

WASHINGTON (AP) — President Barack Obama is going on the road to pitch his energy plan — as well as environmentally friendly jobs production — in a hard-hit Iowa town, while administration officials make a similar push back in Washington.The White House's Earth Day message comes as Obama has...

House climate hearings put Obama team on hot seat

April 21, 2009 11:24 pm | by DINA CAPPIELLO - Associated Press Writers - Associated Press | News | Comments

WASHINGTON (AP) — Top members of President Barack Obama's energy and environmental team are weighing in on a bill that would curb the emissions blamed for global warming and transform how the nation produces and uses energy.Energy Secretary Steven Chu and Environmental Protection Agency...

THE INFLUENCE GAME: Insurers eye new regulator

April 21, 2009 11:19 pm | by JULIE HIRSCHFELD DAVIS - Associated Press Writer - Associated Press | News | Comments

WASHINGTON (AP) — Large insurers are lobbying Congress to free them from a web of state rules by adding a new federal insurance regulator and letting the companies choose which rules to obey.The proposal is viewed with horror by consumer advocates who say it will weaken protections and raise costs....

European, US stocks gain on upbeat earnings

April 21, 2009 9:32 pm | by JEREMIAH MARQUEZ - AP Business Writer - Associated Press | News | Comments

LONDON (AP) — European and U.S. stock markets rose Wednesday after investors put aside worries about investment bank Morgan Stanley's wider-than-expected loss for the first quarter and responded to better earnings news from companies including Boeing Co. and Yahoo Inc.Britain's FTSE 100 closed up...

Japan's export slump eases slightly in March

April 21, 2009 9:17 pm | by MARI YAMAGUCHI - Associated Press Writer - Associated Press | News | Comments

TOKYO (AP) — The severe slump in Japan's exports eased slightly in March, offering a small sign that overseas demand may be headed toward recovery, even as the nation recorded its first annual trade deficit in 28 years.Exports in March plunged by almost 46 percent from a year earlier, the finance...

Oil prices rise despite swelling inventories

April 21, 2009 8:47 pm | by ALEX KENNEDY - Associated Press Writer - Associated Press | News | Comments

NEW YORK (AP) — Oil prices increased Wednesday even though U.S. supplies continued to swell and Americans cut way back on energy consumption. Government data shows the country is using the least amount of petroleum in a decade.Benchmark crude for June delivery rose 30 cents to settle at $48.85 a...

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