updated Wed December 26, 2007

Con-Way Subsidiary Buys 140 Engines From Cummins Designed to Cut Fuel Consumption, Emissions

JOPLIN, Mo. (AP) -- Truckload carrier Contract Freighters Inc., a subsidiary of Con-way Inc., said Wednesday it will buy 140 2007 ISX engines from Cummins Inc. designed to reduce emissions and fuel consumption....

updated Thu December 13, 2007

Ohio Trying to Lure Business in Wall Street Journal As 'State of Perfect Balance'

COLUMBUS, Ohio (AP) -- An advertisement in the pages of The Wall Street Journal is boasting that Ohio is the place where top executives can come to enjoy the good life.The latest marketing effort to revive Ohio...

updated Thu December 13, 2007

Movers Roundup: Cooper Slides After Swinging 4Q Loss, Manitowoc Soars on Boosted Outlook

Among the stock activity stories for Wednesday, Dec. 12, from AP Financial News:NEW YORK (AP) -- Shares of Cooper Cos., which makes specialty contact lenses, fell to a near seven-year low Wednesday after the co...

updated Thu December 13, 2007

Putin Could Become Leader of a Land Larger Than Russia With Addition of Belarus

MOSCOW (AP) -- Vladimir Putin could become the leader of a land even larger than Russia -- a development that may hinge on talks beginning Thursday in neighboring Belarus.Putin has unexpectedly revived efforts ...

updated Thu December 13, 2007

Clear Channel, Firms Extend Buyout Agreement Until June As They Await Regulatory OK

SAN ANTONIO (AP) -- Clear Channel Communications Inc. and the private equity firms that plan to acquire the company extended the expiration date for their buyout agreement Wednesday as they await regulatory app...

updated Thu December 13, 2007

Tupperware Brands Says Fire Damages Its South Carolina Facility, No Injuries Reported

ORLANDO, Fla. (AP) -- Tupperware Brands Corp., which sells storage and serving products, said Wednesday a fire damaged its South Carolina warehouse but did not affect its manufacturing capability.The fire occur...

updated Thu December 13, 2007

Children's Place Promotes Finance VP Paradise to CFO Post, Company Current With SEC Filings

SECAUCUS, N.J. (AP) -- The Children's Place Retail Stores Inc. said Wednesday it promoted its senior vice president of finance to the position of chief financial officer and principal accounting officer.The app...

updated Thu December 13, 2007

Martek Earnings 4th-Quarter Earnings Climb on Tax Benefit and Higher Sales

COLUMBIA, Md. (AP) -- Martek Biosciences Corp., which sells nutritional oils and dietary supplements, said Wednesday its fiscal fourth-quarter profit jumped on a tax benefit and increased sales.The Columbia, Md...

updated Thu December 13, 2007

Newpark Says Sale of Environmental Services Division to Close Later Than Expected

THE WOODLANDS, Texas (AP) -- Newpark Resources Inc., which provides drilling fluids and waste treatment for the petroleum industry, said Wednesday it expects the sale of its U.S. Environmental Services business...

updated Thu December 13, 2007

Outlook Roundup: Banks See Bigger Loan Losses in 4Q, Danaher Issues 2008 Guidance Within Range

Among the earnings projection stories for Wednesday, Dec. 12, from AP Financial News:CHARLOTTE, N.C. (AP) -- More troubling news erupted from the financial services sector Wednesday as Wachovia, PNC and Bank of...

updated Thu December 13, 2007

Biogen Idec Opts to End Search for Potential Buyer; Stock Plunges

BOSTON (AP) -- Biogen Idec Inc. said Wednesday it will remain an independent company after a search for a possible buyer failed to yield any definitive offers. The biotechnology firm's shares plunged nearly 28 ...

updated Thu December 13, 2007

Earnings Roundup: ADC Swings 4Q Loss, Amtech 4Q Profit More Than Doubles on Strong Demand

Among the earnings stories for Wednesday, Dec. 12, from AP Financial News:MINNEAPOLIS (AP) -- Communications equipment company ADC Telecommunications Inc. said Wednesday it swung to a loss in its fiscal fourth ...

updated Thu December 13, 2007

Former United Rentals CFO Says Guilty of False Filings

BRIDGEPORT, Conn. (AP) -- The former chief financial officer of United Rentals, Inc. pleaded guilty Wednesday to making false filings with regulators that enabled him to make a profit of $11 million, federal pr...

updated Thu December 13, 2007

Martek Projects 1st-Quarter Earnings Above Wall Street Expectations; Shares Rise After Hours

COLUMBIA, Md. (AP) -- Martek Biosciences Corp., which sells nutritional oils and dietary supplements, said Wednesday it expects fiscal first-quarter profit above Wall Street expectations, partly because of expa...

updated Thu December 13, 2007

Man Sues ConAgra Over Pot Pie Tainted With Salmonella

MILWAUKEE (AP) -- A man who says he became violently ill after eating a Banquet pot pie has filed a federal lawsuit against ConAgra, claiming the manufacturer was negligent in its duty to provide safe food. The...

updated Thu December 13, 2007

PeopleSupport Board Rejects $356.5 Million IPVG-AO Capital Takeover Offer As 'Inadequate'

LOS ANGELES (AP) -- PeopleSupport Inc., an offshore business process outsourcing provider, said Wednesday its board of directors rejected a $356.3 million takeover bid by IPVG Corp. and AO Capital Partners. The...

updated Thu December 13, 2007

Oil Jumps on Fed Action and Inventories, Energy Consumption to Slow, Lukoil Raising Production

NEW YORK (AP) -- Following is a summary of top stories in the energy sector Wednesday afternoon.Oil Shoots Past $94 AgainEnergy futures climbed after the government reported unexpected declines in supplies of c...

updated Thu December 13, 2007

Cooper Shares Fall As Wall Street Takes Cautious View After 4th-Quarter Loss, 2008 Outlook

NEW YORK (AP) -- Shares of Cooper Cos., which makes specialty contact lenses, fell to a near seven-year low Wednesday after the company said it swung to a fourth-quarter loss and provided a 2008 outlook short o...

updated Thu December 13, 2007

Court Refuses to Restore Perelman's $1.58 Billion Verdict

TALLAHASSEE, Fla. (AP) -- Billionaire Ron Perelman lost a longshot bid to restore a $1.58 billion verdict against Morgan Stanley when the Florida Supreme Court refused to accept his appeal Wednesday.Perelman wo...

updated Thu December 13, 2007

PeopleSupport Projects 2008 Profit and Revenue Above Wall Street Estimates; Shares Rise

LOS ANGELES (AP) -- PeopleSupport Inc., an offshore business process outsourcing provider, said Wednesday it expects its fiscal 2008 profit to beat Wall Street's expectations.The company forecast income between...