http://www.eagletribune.com en-us Copyright CNHI All Rights Reserved. 5 Wed, 28 Oct 2009 11:05:00 +0000 http://www.eagletribune.com/business/etgtntsnbusiness_story_301110505.html http://www.eagletribune.com/business/etgtntsnbusiness_story_301110505.html WASHINGTON (AP) and mdash; The House Financial Services Committee has voted to set new rules for credit rating agencies, which lawmakers say misled investors by giving high marks to risky securities tied to subprime mortgages. Wed, 28 Oct 2009 11:04:00 +0000 http://www.eagletribune.com/business/etgtntsnbusiness_story_301110429.html http://www.eagletribune.com/business/etgtntsnbusiness_story_301110429.html WASHINGTON (AP) and mdash; Sales of new homes dropped unexpectedly last month as the effects of a soon-to-expire tax credit for first-time owners started to wane. The Commerce Department said Wednesday that sales fell 3.6 percent to a seasonally adjusted annual rate of 402,000 from a downwardly revised 417,000 in August. Economists surveyed by Thomson Reuters had expected a pace of 440,000. Wed, 28 Oct 2009 11:03:00 +0000 http://www.eagletribune.com/business/etgtntsnbusiness_story_301110350.html http://www.eagletribune.com/business/etgtntsnbusiness_story_301110350.html AMSTERDAM (AP) and mdash; Reaching a final global warming treaty will be impossible this year, but the principles of a deal must be settled at a conference in December, the U.N.'s top climate official said Wednesday. Thu, 22 Oct 2009 15:39:00 +0000 http://www.eagletribune.com/business/etgtntsnbusiness_story_295154001.html http://www.eagletribune.com/business/etgtntsnbusiness_story_295154001.html NEW YORK (AP) and mdash; Sparked by a cold snap in the northeast, home heating fuels are getting more expensive even though supplies are well above normal for this time of year. Heating oil futures spiked with crude oil contracts last week. Retail prices followed, surging an average of 10.2 cents per gallon for residential customers on Monday, according to an Energy Information Administration report released Thursday. Thu, 22 Oct 2009 15:39:00 +0000 http://www.eagletribune.com/business/etgtntsnbusiness_story_295153925.html http://www.eagletribune.com/business/etgtntsnbusiness_story_295153925.html BATH, Maine (AP) and mdash; The Navy's need for speed is being answered by a pair of warships that have reached freeway speeds during testing at sea. Independence, a 418-foot warship built in Alabama, boasts a top speed in excess of 45 knots, or about 52 mph, and sustained 44 knots for four hours during builder trials that wrapped up this month off the Gulf Coast. The 378-foot Freedom, a ship built in Wisconsin by a competing defense contractor, has put up similar numbers. Thu, 22 Oct 2009 15:38:00 +0000 http://www.eagletribune.com/business/etgtntsnbusiness_story_295153857.html http://www.eagletribune.com/business/etgtntsnbusiness_story_295153857.html WASHINGTON (AP) and mdash; A special independent panel says NASA's plan to revisit the moon is the wrong mission with the wrong rocket. Norman Augustine (Aw-Gus-TEEN) is chairman of the panel reviewing the agency's spaceflight plans. He said it makes more sense for NASA to consider landing on nearby asteroid or one of the moons of Mars. He said that could be done sooner than returning to the moon in 15 years as NASA has outlined. Thu, 22 Oct 2009 15:37:00 +0000 http://www.eagletribune.com/business/etgtntsnbusiness_story_295153757.html http://www.eagletribune.com/business/etgtntsnbusiness_story_295153757.html TOPEKA, Kan. (AP) and mdash; The memory still bothers Ken Keller: A panicked ambulance crew had a critically ill patient, but the man weighed more than 1,000 pounds and could not fit inside the vehicle. And the stretcher wasn't sturdy enough to hold him. Thu, 22 Oct 2009 15:37:00 +0000 http://www.eagletribune.com/business/etgtntsnbusiness_story_295153722.html http://www.eagletribune.com/business/etgtntsnbusiness_story_295153722.html ATLANTA (AP) and mdash; Delta Air Lines Inc. will cut system capacity 3 percent next year and plans to shed more jobs, as it reported a quarterly loss Thursday bigger than a year ago. Executives were hesitant to say when the world's largest airline will grow again amid an economic recovery that is only starting to take shape. Thu, 22 Oct 2009 15:36:00 +0000 http://www.eagletribune.com/business/etgtntsnbusiness_story_295153638.html http://www.eagletribune.com/business/etgtntsnbusiness_story_295153638.html SEATTLE (AP) and mdash; Microsoft Corp. finally got its chance to reboot its reputation Thursday, launching a new edition of Windows that it hopes will encourage more PC buyers to get back into stores. Microsoft CEO Steve Ballmer celebrated the arrival of Windows 7 in New York with a few hundred people who had helped test early versions of the software that runs PCs. One of them, technology consultant, Jonathan Kay, flew from Toronto to attend. Wed, 14 Oct 2009 13:46:00 +0000 http://www.eagletribune.com/business/etgtntsnbusiness_story_287134611.html http://www.eagletribune.com/business/etgtntsnbusiness_story_287134611.html NEW YORK (AP) and mdash; The Dow Jones industrial average is back above 10,000 for the first time in a year. The Dow has crossed five figures seven months after it hit a 12-year low of 6,547.05 on March 9. The comeback by the stock market's best-known indicator is the most visible sign yet that investors believe the economy is indeed recovering from the financial crisis and recession. Wed, 14 Oct 2009 13:45:00 +0000 http://www.eagletribune.com/business/etgtntsnbusiness_story_287134538.html http://www.eagletribune.com/business/etgtntsnbusiness_story_287134538.html WASHINGTON (AP) and mdash; A key House panel moved to tighten rules on previously unregulated financial instruments Wednesday, a long-awaited step toward governing the obscure and complex transactions at the heart of the troubles that befell some of Wall Street's most well-known financial houses Wed, 14 Oct 2009 13:44:00 +0000 http://www.eagletribune.com/business/etgtntsnbusiness_story_287134502.html http://www.eagletribune.com/business/etgtntsnbusiness_story_287134502.html WASHINGTON (AP) and mdash; Treasury Secretary Timothy Geithner is "ultimately responsible" for regulators failing to rein in massive bonus payments at American International Group because he led the agencies that provided AIG's lifelines. Wed, 14 Oct 2009 13:44:00 +0000 http://www.eagletribune.com/business/etgtntsnbusiness_story_287134427.html http://www.eagletribune.com/business/etgtntsnbusiness_story_287134427.html WASHINGTON (AP) and mdash; The Federal Aviation Administration wants to levy multimillion dollar penalties on United Airlines and US Airways for safety violations. The FAA said Wednesday it has proposed a $5.4 million fine against US Airways for operating eight planes on a total of 1,647 flights from October 2008 to January 2009 in violation of safety directives or the company's own maintenance rules. Wed, 14 Oct 2009 13:43:00 +0000 http://www.eagletribune.com/business/etgtntsnbusiness_story_287134315.html http://www.eagletribune.com/business/etgtntsnbusiness_story_287134315.html LONDON (AP) and mdash; Major overseas banks operating in London have agreed to implement new rules on bank bonuses approved at the Group of 20 nations meeting in Pittsburgh, Britain's Treasury office said Wednesday. Tue, 13 Oct 2009 13:40:00 +0000 http://www.eagletribune.com/business/etgtntsnbusiness_story_286134037.html http://www.eagletribune.com/business/etgtntsnbusiness_story_286134037.html CINCINNATI (AP) and mdash; The Procter and amp; Gamble Co.'s new CEO wants to fire up growth by adding a billion new customers for products such as Pampers diapers and Gillette shavers around the globe over the next five years.