By EMERY P. DALESIOAP Business Writer
RALEIGH, N.C. (AP) - Business experts who follow Duke Energy Corp. say the country's biggest electric company has months of problems ahead after ousting the Progress Energy CEO who had been long been promised the job as chief of the post-merger giant.
By The Associated Press
Corn prices jumped again Friday, driven higher by worries about hot, dry weather in the Midwest.
December contracts for corn jumped 8 cents, or 1.1 percent, to $7.4025 per bushel. That followed a 4 percent increase the day before, and is the highest price in about 11
By TOM KRISHERAP Auto Writer
DETROIT (AP) - The slowing economy dragged down Ford Motor Co.'s European sales during the first half of the year, with the company predicting that the region's overall sales would drop to the lowest level since 1994.
Ford sales fell 10 percent from January
By JOE McDONALD and ROXANA HEGEMANAssociated Press
WICHITA, Kan. (AP) - In Beijing, Shenzong Cheng is known as the "Helicopter King of China," an industrialist who's been quietly building a small empire in aviation manufacturing.
But he remains largely unknown in America, where the
By DAVID McHUGH and TOM KRISHERAP Business Writers
FRANKFURT, Germany (AP) - The CEO of General Motors' loss-making European business abruptly stepped down on Thursday, a sign that the automaker's top management wants to speed up what has been a slow-moving restructuring plan.
By CHRISTOPHER S. RUGABERAP Economics Writer
WASHINGTON (AP) - At first, it seemed like cause to cheer: The number of people who sought unemployment benefits last week tumbled to a four-year low, the Labor Department said Thursday.
Did that mean the job market is surging back to health? Is the
By MICHAEL R. BLOODAssociated Press
LOS ANGELES (AP) - Federal regulators Thursday disclosed the most detailed information to date on damage at California's idled San Onofre nuclear power plant, where scores of tubes that carry radioactive water have eroded at an alarming rate.
WASHINGTON (AP) - The number of people seeking unemployment benefits plunged last week to the lowest level in four years, a hopeful sign for the job market. But the decline was partly due to temporary factors. The Labor Department says weekly applications dropped 26,000 to a
By CHRISTOPHER S. RUGABER and TOM KRISHERAP Business Writers
WASHINGTON (AP) - The number of people seeking U.S. unemployment benefits plunged last week. But a big reason is that automakers have skipped some of their usual summer shutdowns to keep up with demand, causing fewer temporary auto
By JOHN FLESHERAP Environmental Writer
HAVANA, Ill. (AP) - As scientists aboard a research boat activate an electric current, the calm Illinois River transforms into a roiling, silvery mass. Asian carp by the dozen hurtle from the water as if shot from a gun, soaring in graceful arcs before