updated Tue November 06, 2007

How Major Stock Market Indexes Fared Monday

Wall Street pulled back in erratic trading Monday as investors grew more concerned about a deteriorating housing market and the widening impact of soured debt after Citigroup Inc. warned it plans to book $8 bil...

updated Tue November 06, 2007

Hollywood Writers Get Support From Celebrities on Picket Lines

LOS ANGELES (AP) -- Jay Leno rolled up to a picket line on his motorcycle with doughnuts for striking writers at NBC.Julia Louis-Dreyfus marched with pickets at Warner Bros. in the shadow of a giant billboard a...

updated Tue November 06, 2007

Conrad Black Strikes Out in Bid for New Trial; Lawyer Gets Break

CHICAGO (AP) -- Conrad Black struck out Monday in his bid for a new federal fraud trial but the judge gave a slight break to a lawyer who worked on some the former media mogul's million-dollar deals.Black and t...

updated Tue November 06, 2007

Web Service Provider Speaks Out About Suit Against Feds Over Patriot Act's Security Letters

NEW YORK (AP) -- The U.S. government on Monday appealed a ruling that it shouldn't be able to get personal phone, e-mail and financial records without a judge's approval, as now allowed under the USA Patriot Ac...

updated Tue November 06, 2007

BEA Systems Agrees to Share Confidential Information With Activist Investor Carl Icahn

SAN FRANCISCO (AP) -- BEA Systems Inc. is sharing confidential information with billionaire investor Carl Icahn in hopes of persuading its largest stockholder that the business software maker is worth the $8.2 ...

updated Tue November 06, 2007

Air Force Grounds Entire Boeing F-15 Fighter Jet Fleet Following Crash Last Week in Missouri

WASHINGTON (AP) -- The Air Force has indefinitely grounded all Boeing Co. F-15 fighter jets after a plane flown by the Missouri Air National Guard crashed last week during a training exercise."The cause of that...

updated Tue November 06, 2007

Sun Posts Fourth Consecutive Quarter in the Black, but 1Q Sales Fall Short of Estimates

SAN JOSE, Calif. (AP) -- Sun Microsystems Inc. swung to a first-quarter profit that matched Wall Street's expectations Monday, marking the server and software maker's first full year in the black since the dot-...

updated Tue November 06, 2007

Ford Workers to Vote on Tentative Pact After UAW Leaders Recommend Approval

DEARBORN, Mich. (AP) -- Ford Motor Co. workers are expected to vote this week on a landmark tentative contract with the United Auto Workers that should help the ailing automaker by lowering wages for thousands ...

updated Tue November 06, 2007

Anadarko Third-Quarter Profit Falls 64 Percent, Hurt by Lower Production, Natural Gas Prices

HOUSTON (AP) -- Anadarko Petroleum Corp., one of the nation's largest independent energy exploration and production companies, said Monday its third-quarter net income fell 64 percent from a year ago in part be...

updated Tue November 06, 2007

Cheesecake Factory Shares Rise Following Upgrade to 'Buy,' Margins Seen Improving

NEW YORK (AP) -- Cheesecake Factory Inc. shares rose Monday after a SunTrust Robinson Humphrey analyst upgraded the casual dining operator's stock, saying investors should expect earnings to rise despite consum...

updated Tue November 06, 2007

Nelnet Shares Hit New Low As Analysts Downgrade on Recent Legislative Changes

NEW YORK (AP) -- Shares of student loan company Nelnet Inc. hit a new low Monday, after a handful of analysts downgraded the stock due to recent legislative changes that are expected to increase pressure within...

updated Tue November 06, 2007

WellCare Rebounds After Company Details Government Investigation, Preliminary 3rd-Qtr Results

NEW YORK (AP) -- Shares of health insurer WellCare Health Plans Inc., which have lost about 75 percent of their value in the past month, rose Monday after WellCare reported preliminary third-quarter results abo...

updated Tue November 06, 2007

EMC Shares Skid After Goldman Sachs Downgrade, VMware Follows

NEW YORK (AP) -- Shares of EMC Corp. slid Monday after Goldman Sachs downgraded the data storage provider's stock, citing a recent runup in its price and expected seasonality in the first quarter.Analyst Laura ...

updated Tue November 06, 2007

URS Sweetens Washington Group Bid, Hoping to Overcome Resistance

SAN FRANCISCO (AP) -- URS Corp. has sweetened its takeover bid for engineering and construction rival Washington Group International Inc. to $3.2 billion in an attempt to overcome shareholder resistance that's ...

updated Tue November 06, 2007

Perfect World Shares Rise As Analyst Predicts Web Gaming Co. Will Beat 3rd-Qtr Expectations

NEW YORK (AP) -- Shares of Chinese online gaming company Perfect World Co. Ltd. rose Monday after a Susquehanna Financial Group analyst predicted its third-quarter results will exceed his estimates, due to ongo...

updated Tue November 06, 2007

Valeant Pharma's Stock Falls on Downgrade From Bear Stearns Analyst Citing Declining Royalties

NEW YORK (AP) -- Shares of Valeant Pharmaceuticals International hit a four-year low Monday after a Bear Stearns analyst downgraded the stock, citing declining royalties and product sales growth.Shares of the A...

updated Tue November 06, 2007

Cambrex Stock Falls After Analyst Downgrades Company on Soft 3rd-Quarter Results

NEW YORK (AP) -- Shares of Cambrex Corp., which makes active drug ingredients, hit a new annual low Monday, after an analyst downgraded the company following soft third-quarter results.The East Rutherford, N.J....

updated Tue November 06, 2007

Chinese E-Commerce Portal Alibaba.com Debuts in Hong Kong; Share Price Jumps 122 Percent

HONG KONG (AP) -- Chinese e-commerce portal Alibaba.com debuted on the Hong Kong stock market Tuesday, with its shares soaring 122 percent to 30 Hong Kong dollars ($3.87) from its issue price of 13.50 Hong Kong...

updated Tue November 06, 2007

'American Gangster,' 'Bee Movie' Put Some Sting Back in Box Office Suffering Listless Autumn

LOS ANGELES (AP) -- A heroin pusher and a honey bee put some sting back into the movie business. Denzel Washington and Russell Crowe's bloody crime saga "American Gangster" took in $46.3 million to lead the wee...

updated Tue November 06, 2007

Chesapeake Energy Buys 2,000 Acres in Barnett Shale, Teams With Axia to Buy Undeveloped Sites

OKLAHOMA CITY (AP) -- Energy exploration company Chesapeake Energy Corp. said Monday it will buy 2,000 acres in the gas-rich Barnett Shale region of Texas and employ a company to acquire additional land leases ...