AP Financial News Summary at 6:45 p.m. EDT
Aug. 27, 2006
Crash a Blow for Struggling Comair
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ERLANGER, Ky. (AP) _ The fatal crash of a Comair regional jet Sunday morning dealt an emotional blow to a commuter airline trying to emerge from bankruptcy.
Wall Street Preps for More Economic Data
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NEW YORK (AP) _ Wall Street will finally get the data it has craved to help get a better handle on the economy and whether it has pulled back further than policy-makers wanted. In the next five days, some two dozen economic reports will be released _ including consumer confidence, job growth and manufacturing figures. Investors might even get a better clue about what Federal Reserve Chairman Ben Bernanke thinks of interest rates when minutes from the last Fed meeting are released.
Gas Prices Down 15 Cents Over 2 Weeks
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CAMARILLO, Calif. (AP) _ U.S. retail gas prices dropped 15 cents a gallon in the past two weeks, the sharpest decline in nearly a year, according to a survey released Sunday.
Industry Sees 2nd Tissue Scandal in Year
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It could have ended three years ago, when a leaky FedEx box containing an arm and legs turned up in Missouri. Or years before that, when a judge convicted him of embezzling money from the sale of a corpse that belonged to a medical school in California. But nothing stopped Philip Joe Guyett Jr. from moving steadily eastward, mining gold from the lucrative body parts trade.
Environmentalists: Condos Threaten Coast
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ENCINITAS, Calif. (AP) _ On a sandy bluff overlooking the Pacific, surfer Mark Massara sees a developing threat to a California amenity: guaranteed beach access for average families.
Chad Suspends 3 Ministers Over Oil Deals
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N'DJAMENA, Chad (AP) _ The president suspended the oil minister and two other Cabinet members who negotiated deals with two foreign oil firms that he ordered out of the central African country over a tax dispute, officials said Sunday.
FedEx Express, Pilots OK Tentative Deal
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MEMPHIS, Tenn. (AP) _ FedEx Express, operator of the world's largest cargo airline, has reached a tentative agreement on a new contract with its pilots, the company announced Sunday.
EMC on Expansion Tear
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HOPKINTON, Mass. (AP) _ Dennis Hoffman has his suit jacket off and a blue marker in hand, ready to sketch his view of the massive transformation at EMC Corp. He begins by writing ``CIO.''
Ethanol Turned Into Food-Grade Alcohol
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AMES, Iowa (AP) _ Now that ethanol has become common in gas tanks, two Iowa State University professors are working to get it into martini glasses.
'Invincible' Wahlberg Movie Earns $17M
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LOS ANGELES (AP) _ Football season started early as Mark Wahlberg's ``Invincible,'' a Walt Disney tale about a real-life walk-on who signed with the Philadelphia Eagles in the 1970s, debuted as the top weekend movie with $17 million.