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US checks if tomatoes caused Salmonella outbreak
WASHINGTON (AP) As salmonella cases continue to climb, the government is checking if tainted tomatoes really are to blame for the record outbreak - or if the problem is with another ingredient, or a warehouse that is contaminating newly harvested tomatoes.
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Project to dissect cocoa genome, protect crop - Published 06/25/08
MIAMI (AP) Government scientists are launching a five-year project Thursday aimed at safeguarding the world's chocolate supply by dissecting the genome of the cocoa bean.
G-8 concerned about rising oil prices - Published 06/13/08
OSAKA, Japan (AP) Soaring oil and food prices are emerging as serious threats to global economic growth, finance ministers from the world's top industrialized nations said Saturday, while vowing to work together to address the problem.
Continental Airlines to cut 3,000 jobs, capacity - Published 06/05/08
DALLAS (AP) Continental Airlines said Thursday it is cutting 3,000 jobs and reducing capacity by 11 percent, citing record fuel costs that have pushed the industry into its worst crisis since 2001. It also said its two top executives will forgo pay for the rest of the year.
Wall Street tilts to lower open ahead of data - Published 05/22/08
NEW YORK (AP) Wall Street tilted toward a lower open Friday as investors awaited a report on existing home sales and adjusted their portfolios before the three-day holiday weekend.
Stocks point to higher open after sharp declines - Published 05/21/08
NEW YORK (AP) U.S. stocks headed for a moderately higher open Thursday after two sessions of steep declines brought by the surging price of oil.
Wall St. heads for lower open as oil passes $130 - Published 05/20/08
NEW YORK (AP) Wall Street looked to extend its losses Wednesday as oil prices shot up above $130 a barrel for the first time.
Oil holds above $129 a barrel on supply worries - Published 05/20/08
BANGKOK, Thailand (AP) Oil prices held steady above $129 a barrel Wednesday in Asia after hitting another record in the previous session as supply concerns mounted and traders poured in for last-minute buying as the June contract expired.
Microsoft: New talks for alternative Yahoo deal - Published 05/18/08
SAN FRANCISCO (AP) Microsoft Corp. is once again trying to team up with Yahoo Inc. to challenge Internet search and advertising leader Google Inc., although at this point the renewed talks haven't escalated to another attempt to take over Yahoo.
Oil sets record near $128; pump price at high, too - Published 05/16/08
NEW YORK (AP) 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.
Bush pivots to Arab side of Mideast peace dispute - Published 05/16/08
SHARM EL-SHEIK, Egypt (AP) President Bush is pivoting to the Arab side of the Mideast peace dispute, and he may well get a less glowing reception than he did in Israel earlier this week.
Stock futures up ahead of home construction data - Published 05/15/08
NEW YORK (AP) Wall Street headed for a modestly higher open Friday as investors watched oil prices hit a new record high and awaited data on new home construction last month.
Stock head for lower open after AIG reveals need for cash - Published 05/08/08
NEW YORK (AP) Wall Street headed for a lower open Friday after the world's largest insurer reported a wider-than-expected loss for the first quarter, rekindling investors' anxiety about the strained state of the global financial system.
Stock head for higher open as retail sales reports arrive - Published 05/07/08
NEW YORK (AP) Wall Street headed for a modestly higher open Thursday as investors waited to see if retailers' April sales figures would provide a sense of how consumers are faring in a climate of economic weakness and rising costs.
Stock head for lower open ahead of pending home sales data - Published 05/06/08
NEW YORK (AP) Wall Street headed for a modestly lower open Wednesday, with investors awaiting data on pending home sales and labor costs.
Employers cut fewer jobs in April, jobless rate falls - Published 05/01/08
WASHINGTON (AP) Employers cut far fewer jobs in April than in recent months and the unemployment rate dropped to 5 percent, a better-than-expected showing that nonetheless reveals strains in the nation's labor market.
Strike in Scotland closes major North Sea oil pipeline - Published 04/26/08
EDINBURGH, Scotland (AP) Hundreds of workers at Scotland's only oil refinery on Sunday began a 48-hour strike that has forced BP PLC to shut a pipeline system that delivers almost a third of Britain's North Sea oil.
Bush says rebates going out Monday will boost economy - Published 04/25/08
WASHINGTON (AP) President Bush said tax rebates will start going out Monday, earlier than previously announced, and should help Americans cope with rising gasoline and food prices, as well as aid a slumping economy.
Stocks futures point to higher open ahead of consumer data - Published 04/24/08
NEW YORK (AP) Wall Street looked to extend its gains into a third straight session Friday as investors awaited a reading on consumer confidence and digested a busy week of corporate earnings reports.
Stocks decline as oil rises, Street examines earnings - Published 04/22/08
NEW YORK (AP) Wall Street pulled back Tuesday, with the Dow Jones industrials tumbling more than 100 points as a rush of quarterly results from bellwethers like AT&T Inc., DuPont and McDonald's Corp. failed to impress investors. Oil prices also reached fresh highs, raising concerns about inflation.
Wall Street heads to higher open as investors digest Citi - Published 04/17/08
NEW YORK (AP) Wall Street tilted to a higher opening Friday, with investors relieved that there were no shocks as Citigroup Inc. reported first-quarter results.
Oil hits another record high as dollar tumbles to record low - Published 04/16/08
SINGAPORE (AP) Oil prices hit all-time highs above $115 a barrel Thursday with reports that oil and gasoline stocks in the United States were lower than expected and as the dollar hit record lows.
Stocks up after mixed retail data - Published 04/09/08
NEW YORK (AP) Stocks are rising in early trading as investors sift through mixed sales figures from major retailers.
IMF sees US falling into recession - Published 04/09/08
WASHINGTON (AP) The United States is headed for a recession, dragging world economic growth down along with it, the International Monetary Fund concluded in a sobering new forecast Wednesday that underscored the damage inflicted from the housing and credit debacles.
American cancels more than 1,000 flights - Published 04/08/08
DALLAS (AP) American Airlines canceled more than 1,000 flights Wednesday, more than one-third of its schedule, as it spent a second straight day inspecting the wiring on some of its jets - the same issue that caused it to scrub hundreds of flights two weeks ago.
Huge job losses set off recession alarms - Published 04/04/08
WASHINGTON (AP) It's no longer a question of recession or not. Now it's how deep and how long. Workers' pink slips stacked ever higher in March as jittery employers slashed 80,000 jobs, the most in five years, and the national unemployment rate climbed to 5.1 percent. Job losses are nearing the staggering level of a quarter-million this year in just three months.
Samsung chief questioned for 11 hours - Published 04/04/08
SEOUL, South Korea (AP) Special prosecutors probing claims of corruption at Samsung Group took their investigation to the very top, quizzing its chairman in a lengthy interrogation over allegations the conglomerate paid bribes and engaged in other illegalities.
Wall Street stocks to fall at opening - Published 04/02/08
NEW YORK (AP) Wall Street was set to drop a bit at Thursday's opening, with investors likely to show caution ahead of a second day of congressional testimony from Federal Reserve Chairman Ben Bernanke.
Wall Street set to fall in opening trade - Published 04/01/08
NEW YORK (AP) Wall Street headed for a lower opening Wednesday as investors paused after a massive rally in the previous session and awaited Federal Reserve Chairman Ben Bernanke's view of the economy.
FDA investigates Merck drug-suicide link - Published 03/27/08
WASHINGTON (AP) The Food and Drug Administration said Thursday it is investigating a possible link between Merck's best-selling Singulair and suicide.
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