AP Financial News Summary at 4:07 p.m. EST
Dec. 06, 2006
Stocks Slip As Yahoo Leads Tech Lower
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NEW YORK (AP) _ Stocks slipped Wednesday as investors anticipated this week's key jobs report and reacted to Yahoo Inc.'s announcement of its biggest management shakeup in more than five years.
Taco Bell Removes Green Onions
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SOUTH PLAINFIELD, N.J. (AP) _ Taco Bell ordered scallions removed from its 5,800 U.S. restaurants Wednesday after tests suggested they may be responsible for the E. coli outbreak that has sickened at least three dozen people in three states.
Slumping Yahoo Shakes Up Executive Suite
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SAN FRANCISCO (AP) _ Yahoo Inc. announced its biggest executive shake-up in more than five years, including placing Chief Financial Officer Susan Decker in charge of ad sales in a move that may signal her anointment as successor to the company's top job.
Employers Offer Electronic Medical Data
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WASHINGTON (AP) _ Five of the nation's largest employers plan to soon give their workers a unique health care benefit _ their very own electronic medical record that they can take when they travel, change jobs or see a new doctor.
Merck Reaffirms Outlook, Sets '07 View
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TRENTON, N.J. (AP) _ Merck & Co. expects slightly higher profits in 2007 on sales growth from newer drugs and expected product launches, including a successor to the withdrawn painkiller Vioxx, the company said Wednesday.
British Economic Growth Forecast Raised
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LONDON (AP) _ Treasury chief Gordon Brown said Britain's economy is growing faster than anticipated, raising his forecast for this year by a half percentage point to 2.75 percent.
Lufthansa Favors Boeing on Latest Order
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FRANKFURT, Germany (AP) _ In a blow to Airbus SAS, German airline Lufthansa AG said Wednesday it would order 20 Boeing 747-8 planes, with purchase rights for 20 more, becoming the first passenger airline to order the new long-haul jet.
Arcelor, Mittal Plan to Sell German Unit
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BRUSSELS, Belgium (AP) _ Arcelor SA and Mittal Steel NV said Wednesday they will sell a German steel company to head off concerns that their planned combination would hurt competition in the European steel industry.
Oil Prices Steady As U.S. Supply Shrinks
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WASHINGTON (AP) _ Oil prices were steady Wednesday after U.S. government data showed domestic inventories of crude oil, gasoline and heating oil fell last week.
Boeing's 787 on Schedule, Demand Strong
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CHICAGO (AP) _ Boeing Co.'s 787 Dreamliner remains on schedule for its first test flight next summer and for delivery to airlines in 2008 despite the ongoing challenge to make it lighter, the new head of the company's commercial airplanes unit said Wednesday.