r2 - 11 Nov 2007 - 14:13:32 - AdmiNYou are here: VsTour >  Main Web  > BusinessNews

The Associated Press

  • Consumer prices drop record 1 percent in October - WASHINGTON (AP) -- Consumer prices plunged by the largest amount in the past 61 years in October as gasoline pump prices dropped by a record amount....
  • US home construction sinks to new record low - WASHINGTON (AP) -- Construction of new homes plunged last month to the lowest level on records going back nearly 50 years as U.S. builders slashed production while Wall Street nosedived....
  • Stocks fluctuate after report on consumer prices - NEW YORK (AP) -- Wall Street struggled to find a direction Wednesday, as investors, already nervous about the fate of the nation's top automakers, scoured more economic data in search of some relief....
  • Shelby favors changing automaker management teams - WASHINGTON (AP) -- The senior Republican on the Banking Committee said Wednesday he doesn't believe there will be a turnaround in the troubled U.S. auto industry until its top management is ousted and its manufacturing operations are revamped....
  • Oil falls below $54 a barrel - VIENNA, Austria (AP) -- Oil prices slipped further Wednesday, dipping below $54 on fears of global economic weakness that have sent crude down more than 60 percent in four months....
  • BASF temporarily closing 80 plants - FRANKFURT, Germany (AP) -- Chemical company BASF SE said Wednesday it is temporarily closing 80 plants worldwide due to slumping demand and cutting production at 100 more, including facilities in Texas and Louisiana. Some 20,000 workers are affected....
  • Gas sales boost 3Q profit at BJ's Wholesale - NATICK, Mass. (AP) -- Warehouse-club operator BJ's Wholesale Club Inc. said Wednesday fiscal third-quarter profit rose 24 percent, helped by sales of gasoline and shoppers hunting for bargains....
  • Mortgage application volume falls 6.2 pct - WASHINGTON (AP) -- Mortgage application volume fell 6.2 percent during the week ended Nov. 14, according to the Mortgage Bankers Association's weekly application survey....
  • Toyota to reduce output, temporary workers in US - TOKYO (AP) -- Toyota Motor Corp. said Wednesday it will reduce production in the United States to cope with slowing sales in the world's largest economy....
  • SolarWorld offers $1.3B for Adam Opel's assets - BERLIN (AP) -- German solar energy company SolarWorld AG said Wednesday it plans to offer euro1 billion ($1.3 billion) in cash and credit for some assets of carmaker Adam Opel GmbH, the German subsidiary of financially strapped General Motors Corp. GM said it wasn't selling....

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