Business News - UPI.com

Weather too good for grain trades Friday

Fri, 18 Jul 2008 17:39:10 -0400

CHICAGO, July 18 (UPI) -- Almost ideal weather in parts of the United States put pressure on grain trades on the Chicago Board of Trade Friday.

UPI NewsTrack Business

Fri, 18 Jul 2008 17:20:49 -0400

U.S. indexes close mixed Friday ... Panel: Hydrogen cars $200B investment ... U.S. scooter sales take off on $4 gas ... Mortgage lending fell in Britain in June ... News from United Press International.

U.S. indexes close mixed Friday

Fri, 18 Jul 2008 16:37:55 -0400

NEW YORK, July 18 (UPI) -- U.S. stock indexes closed mixed Friday with active trading in the financial sector.

Crude oil prices fall again Friday

Fri, 18 Jul 2008 16:15:30 -0400

NEW YORK, July 18 (UPI) -- Crude oil prices fell Friday in New York, marking a fourth straight day in declining prices for the bellwether commodity.

Honda Rancher ATVs recalled

Fri, 18 Jul 2008 16:06:08 -0400

WASHINGTON, July 18 (UPI) -- The U.S. Consumer Product Safety Commission announced a voluntary recall of Honda all-terrain vehicles due to risk of losing control.

Youth all-terrain vehicles recalled

Fri, 18 Jul 2008 15:51:46 -0400

WASHINGTON, July 18 (UPI) -- The U.S. Consumer Product Safety Commission announced a voluntary recall of SunL Group all-terrain vehicles made for youth due to a lack of safety features.

Panel: Hydrogen cars $200B investment

Fri, 18 Jul 2008 15:49:58 -0400

WASHINGTON, July 18 (UPI) -- The National Academies of Science has recommended the United States spend $200 billion to speed up deployment of hydrogen-powered cars.

U.S. scooter sales take off on $4 gas

Fri, 18 Jul 2008 15:07:42 -0400

ST. LOUIS, July 18 (UPI) -- A spike in gasoline prices in the United States has prompted a run on scooters that boast mileage as high as 60 to 100 miles per gallon, industry analysts said.

EU lifts sanctions against Norway salmon

Fri, 18 Jul 2008 14:36:42 -0400

OSLO, Norway, July 18 (UPI) -- The European Union lifted sanctions against Norway's salmon exports, claiming the punitive duties imposed were never used anyway.

Canada's leading indicator unchanged

Fri, 18 Jul 2008 14:10:11 -0400

OTTAWA, July 18 (UPI) -- Canada's leading index remained unchanged in June, Statistics Canada said Friday.

TV stands recalled for tip-over risks

Fri, 18 Jul 2008 12:32:56 -0400

WASHINGTON, July 18 (UPI) -- The U.S. Consumer Product Safety Commission announced a voluntary recall of Studio RTA distributed television stands due to a tip-over risk.

Wholesale activity rises in Canada

Fri, 18 Jul 2008 12:23:56 -0400

OTTAWA, July 18 (UPI) -- Wholesale activity in Canada rose 1.6 percent to $44.2 billion in May, Statistics Canada said Friday.

Honda log splitter engines recalled

Fri, 18 Jul 2008 11:43:54 -0400

WASHINGTON, July 18 (UPI) -- The U.S. Consumer Product Safety Commission announced a voluntary recall of Honda log splitter engines due to a fire hazard.

UPI NewsTrack Business

Fri, 18 Jul 2008 11:30:00 -0400

U.S. markets up and down Friday morning ... British gas bills could jump 70 percent ... Teva Pharmaceutical agrees to buy Barr ... Investors turn violent over stock dip ... News from United Press International.

Mortgage lending fell in Britain in June

Fri, 18 Jul 2008 11:13:00 -0400

LONDON, July 18 (UPI) -- The Council of Mortgage Lenders in Britain has asked the Bank of England to extend its liquidity programs to help support a flagging industry.

Freddie Mac takes step to raise cash

Fri, 18 Jul 2008 11:02:45 -0400

NEW YORK, July 18 (UPI) -- The cash-strapped Federal Home Loan Mortgage Corp, has filed papers in New York as a formal step toward raising as much as $10 billion, sources said.

British gas bills could jump 70 percent

Fri, 18 Jul 2008 10:51:51 -0400

LONDON, July 18 (UPI) -- Centrica, the largest energy supplier in Britain, has warned its customers to expect energy bills to rise by 70 percent in the next few years.

Teva Pharmaceutical agrees to buy Barr

Fri, 18 Jul 2008 09:32:37 -0400

JERUSALEM, July 18 (UPI) -- Teva Pharmaceutical Industries Ltd. of Israel said Friday it had agreed to purchase Barr Pharmaceuticals Inc., in a deal valued at $8.96 billion.

Oil prices give Fed a one-week reprieve

Fri, 18 Jul 2008 09:03:27 -0400

WASHINGTON, July 18 (UPI) -- The U.S. Federal Reserve may have caught a break in the fight against inflation with the sudden drop in oil prices, analysts said.

Jury sides with Mattel in Bratz case

Fri, 18 Jul 2008 08:10:51 -0400

RIVERSIDE, Calif., July 18 (UPI) -- A federal jury in Riverside, Calif., found Bratz dolls were created by a Mattel Inc. contracted designer, possibly costing the doll's maker millions.

Investors turn violent over stock dip

Fri, 18 Jul 2008 01:13:24 -0400

KARACHI, Pakistan, July 18 (UPI) -- Pakistani investors Thursday turned violent after seeing their stock shares take another big drop on the Karachi stock exchange.

UBS drops U.S. client offshore-banking

Thu, 17 Jul 2008 20:15:03 -0400

WASHINGTON, July 17 (UPI) -- Swiss bank UBS said Thursday it will stop offering offshore-banking services to U.S. clients after a threat to its U.S. banking privileges.

Merrill Lynch reports $4.9B quarterly loss

Thu, 17 Jul 2008 19:54:00 -0400

NEW YORK, July 17 (UPI) -- Merrill Lynch & Co. stock was down sharply in after-hours trading Thursday after the U.S. brokerage reported a $4.9 billion second-quarter loss.

Wachovia documents subpoenaed

Thu, 17 Jul 2008 19:27:12 -0400

ST. LOUIS, July 17 (UPI) -- Investigators Thursday arrived at Wachovia headquarters to demand documents and conduct interviews about the Missouri firm's practices, officials said.

Grains trade lower in Chicago Thursday

Thu, 17 Jul 2008 18:04:38 -0400

CHICAGO, July 17 (UPI) -- Grain trades opened lower Thursday with grain markets reacting to a three-day decline in crude oil prices.