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AP Financial News Summary at 10:43 a.m. EST

February 1, 2006

Manufacturing Activity Grows at Slower Pace

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NEW YORK (AP) _ Manufacturing activity in the United States grew at a slower pace in January than in the previous month, according to report Wednesday by a private research group.

Burger King Parent Plans to File for IPO

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MIAMI (AP) _ Burger King’s parent company said Wednesday it plans to sell shares to the public for the first time in the fast-food chain’s 52-year history, part of its attempt to recoup ground lost in fierce competition with rivals McDonald’s Corp. and Wendy’s International Inc.

Stocks Mixed As Google Results Hurt Nasdaq

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NEW YORK (AP) _ Stocks were mixed in early trading Wednesday after Google Inc. stunned investors with disappointing earnings and the Federal Reserve raised short-term interest rates for the 14th time in nearly two years, giving no clear sign of when the rate hikes would end.

Bernanke Sworn in As Fed Reserve Chairman

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WASHINGTON (AP) _ Ben Bernanke was sworn in Wednesday to be the 14th chairman of the Federal Reserve, completing an historic changing of the guard at the central bank.

30-Year Treasury Bonds Return Feb. 9

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WASHINGTON (AP) _ The long bond is back!

Boeing Quarterly Profit More Than Doubles

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CHICAGO (AP) _ Boeing Co. said Wednesday its fourth-quarter earnings more than doubled as the huge aerospace company’s resurgent commercial airplane division posted strong gains.

Construction Spending Sets Record in 2005

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WASHINGTON (AP) _ Construction spending climbed to an all-time high in December, helping to push building for all of 2005 to a record as well.

Google Stock Sinks As Earnings Miss Target

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SAN FRANCISCO (AP) _ Google Inc. shares sank Wednesday after its earnings report disappointed Wall Street and stunned almost everyone who follows its stock, except the company’s founders.

Time Warner 4Q Earnings Rise on Cable TV

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NEW YORK (AP) _ Time Warner Inc.’s profits rose 21.2 percent in the fourth quarter on strong results from the company’s cable TV, movie studios and cable networks businesses.

JetBlue Airways Posts 4Q Loss on Fuel Costs

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NEW YORK (AP) _ JetBlue Airways Corp. said Wednesday its fourth-quarter loss widened, as increased revenue could not offset the impact of sharply higher fuel costs. The airline also forecast losses for the first quarter and full year 2006.

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