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AP Business

China's April inflation rises to 8.5 percent
BEIJING (AP) -- China's inflation rebounded in April to near decade-high levels, adding to pressure on Beijing to cool rapid price rises and avert possible unrest ahead of the Summer Olympics, accordi  Read Story.
Study: Retirement savers make costly 401(k) mistakes
NEW YORK (AP) -- Despite extensive efforts to educate workers about saving for retirement, many employees are not doing a good job of managing their company-sponsored 401(k) accounts, a new study indi  Read Story.
Person close to talks: Cablevision close to buying Newsday
NEW YORK (AP) -- Cablevision Systems Corp. is close to buying the Long Island newspaper Newsday from Tribune Co. for $650 million, a person with knowledge of the situation said Sunday....  Read Story.
EnCana dividing into 2 companies: one oil, one gas
CALGARY, Alberta (AP) -- Canada's biggest natural gas company said Sunday it is splitting into two separate energy companies: a fully integrated oil company and a natural gas company....  Read Story.
Person close to talks: Cablevision close to getting Newsday
NEW YORK (AP) -- Cablevision Systems Corp. is close to buying the Long Island newspaper Newsday from Tribune Co. for $650 million, a person with knowledge of the situation said Sunday....  Read Story.
High demand, price of rice good news to US farmers
WILLIAMS, Calif. (AP) -- Dipping its left wing, a canary-yellow biplane makes a sharp turn and dives over a flooded field, showering rice on the shallow water 15 feet below....  Read Story.
Retailers likely to post grim 1st-quarter results
NEW YORK (AP) -- After slashing inventory and cutting expenses, the retail industry is still bracing for the largest overall quarterly profit decline in at least nine years when merchants report their  Read Story.
Mesa Air looks for shareholders' OK to offer more shares
PHOENIX (AP) -- Mesa Air Group Inc. hopes shareholders will soothe its financial troubles this week by allowing the airline to issue millions of new shares valued at nearly twice the company's current  Read Story.
Wall Street looks to US consumers for direction
NEW YORK (AP) -- With millions of stimulus checks going out to taxpayers, Wall Street wants to know where that money will be spent - and this week's data could help investors gauge the mind-set of the  Read Story.
Rebate excludes many taxpayers with foreign spouses
SAN FRANCISCO (AP) -- When Maulit Shelat heard about the Bush administration's plan to pump up the economy by sending out stimulus checks, he sat down with his wife and drew up a list of priorities: f  Read Story.
Startup shows off electric car planned for Israel
TEL AVIV, Israel (AP) -- Israelis got a first demonstration Sunday of the electric car that developers hope will revolutionize transportation in the country and serve as a pilot for the rest of the wo  Read Story.
G-8 labor officials begin 3-day meeting in Japan
TOKYO (AP) -- Labor ministers from the Group of Eight industrialized nations met with international trade union and business groups Sunday to discuss the reduction of workplace emissions of "greenhous  Read Story.
Deutsche Telekom CEO asks shareholders for patience
BERLIN (AP) -- Deutsche Telekom AG's chief executive is asking shareholders to show patience, pointing to the global credit crisis as a reason for the company's lackluster share price, according to an  Read Story.
China establishes company to make its own jumbo jets
BEIJING (AP) -- China has established a homegrown company to make passenger jumbo jets, state media reported Sunday - a step forward in the country's quest to become less dependent on Boeing and Airbu  Read Story.
Ecuador wary of World Bank arbitration in Occidental case
QUITO, Ecuador (AP) -- President Rafael Correa said Saturday he has "no confidence" in the World Bank arbitration branch that is hearing U.S. oil company Occidental's lawsuit against Ecuador....  Read Story.
News Corp. ends bid to buy Long Island newspaper Newsday
NEW YORK (AP) -- News Corp., the media conglomerate controlled by Rupert Murdoch, has withdrawn its bid to purchase the Long Island paper Newsday, a News Corp. spokeswoman said Saturday....  Read Story.
Gas prices knock bicycle sales, repairs into higher gear
BISMARCK, N.D. (AP) -- Four-dollar-a-gallon gas is good for business - if you run a bike shop. Commuters around the country are dusting off their old two-wheelers - or buying new ones - to cope with r  Read Story.
Promises kept, problems remain after 30 years of casinos
ATLANTIC CITY, N.J. (AP) -- The ads were titled "Help Yourself, Help Atlantic City, Help New Jersey," and they made a series of promises, if only voters would pull the "yes" lever to legalize casino g  Read Story.
Smoking ban could hit Detroit's casinos
DETROIT (AP) -- If smoking is banned in Detroit bars, restaurants and workplaces, Betty Gilbert says it will hurt the city's casinos....  Read Story.
Federal regulators close Arkansas bank ANB Financial
BENTONVILLE, Ark. (AP) -- Federal regulators says they've closed ANB Financial National Association banks after discovering "unsafe and unsound" business practices there....  Read Story.


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