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Front Page > Business Today > Business Briefly |
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In other business news - 2/27/2007
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Price of gasoline increases 13 cents in last two weeks - 2/26/2007
CAMARILLO, Calif. (AP) - Gasoline prices soared nearly 13 cents a gallon on average nationwide in the past two weeks. The national average for self-serve regular was $2.35 per gallon, up 12.8 cents since Feb. 9, industry analyst Trilby Lundberg said Sunday. |
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Some overcharged on ads - 2/26/2007
SEATTLE (AP) - Microsoft Corp. said it fixed a glitch in its online advertising platform that overcharged some merchants by hundreds, and in some cases thousands, of dollars. |
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Download service launched - 2/26/2007
LOS ANGELES (AP) - BitTorrent Inc. is launching a Web site that will sell downloads of films and TV shows licensed from the studios. The BitTorrent Entertainment Network was set to launch today with films from Warner Bros., Paramount Pictures, 20th Century Fox, Metro-Goldwyn-Mayer and Lionsgate and episodes of TV shows such as "24" and "Punk'd." |
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This week in business - 2/26/2007
Here are the major business and economic events scheduled for this week:  Tuesday - The Conference Board will release its monthly Consumer Confidence Index; the Commerce Department will reports on durable goods orders for January; and the National Association of Realtors will report on existing home sales for January. |
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Buffalo stock index rises - 2/24/2007
Buffalo stocks rose for the week. The Buffalo Bloomberg Stock Index climbed 0.19 points to 277.54. Twenty-three stocks rose, and 28 fell. The index has climbed 6.2 percent in 2007 and 16 percent in the past year. |
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U.S. gets cash, stock - 2/24/2007
NEW YORK (Bloomberg) - The federal government has collected more than $530 million in cash and stock stemming from the settlement of legal actions against Adelphia Communications Corp., founder John Rigas, and his son Timothy, prosecutors said. |
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GM recalling some SUVs - 2/24/2007
DETROIT (Bloomberg) - General Motors Corp. is recalling almost all of its new 2007 Saturn Outlook and GMC Acadia sport-utility vehicles because front air bags may fail to deploy in a crash. |
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In other business news - 2/24/2007
Private-buyout firms Kohlberg Kravis Roberts & Co. and Texas Pacific Group were in advanced talks Friday to buy utility TXU Corp. in one of the largest private-equity deals ever. The firms were expected to bid at least $32 billion, or about $70 per share for TXU, the largest producer of electric power in Texas with some 2.3 million customers. |
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Mortgage rates decline to lowest level in 6 weeks - 2/23/2007
WASHINGTON (AP) - Rates on 30-year mortgages fell this week to the lowest level in six weeks. The mortgage company Freddie Mac reported on Thursday that 30-year, fixed-rate mortgages averaged 6.22 percent this week compared with 6.30 percent last week. |
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Corn prices hit 10-year high - 2/23/2007
NEW YORK (Dow Jones/AP) - Corn futures climbed to 10-year highs Thursday on the Chicago Board of Trade as a combination of fund and technical buying pushed prices higher. |
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Microsoft to pay damages - 2/23/2007
SEATTLE (AP) - Microsoft Corp. must pay $1.52 billion in damages to telecommunications equipment maker Alcatel-Lucent SA for violating two patents related to digital music, a federal jury ruled Thursday. |
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Deal for Weirton is dead - 2/23/2007
CHARLESTON, W.Va. (AP) - A deal to sell the Weirton division of Mittal Steel Co. to Illinois-based Esmark Inc. is dead, Esmark President Craig Bouchard told the Associated Press on Thursday. |
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Harley-Davidson pact OK'd - 2/23/2007
HARRISBURG, Pa. (AP) - Unionized workers at Harley-Davidson Inc.'s largest manufacturing plant overwhelmingly approved a new labor agreement Thursday, ending a strike that halted motorcycle production for three weeks. |
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