More business news
Anadarko Petroleum shares plunge with crude prices
Shares of Anadarko Petroleum Corp. dropped Friday as crude oil prices touched fresh lows and the broader markets stumbled on concern about the global economy. (AP)
Ford says Europe exec Booth to succeed CFO LeClair
Ford Motor Co. said Thursday that Chief Financial Officer Don LeClair will retire after a 32-year career with the automaker. (AP)
Turbulence injures passengers on flight to Miami
Paramedics at Miami International Airport are treating several passengers who complained of bumps and bruises due to turbulence on a flight from Argentina. (AP)
Robbins & Myers fiscal 4Q profit up, beats Street
Robbins & Myers Inc. said its fourth-quarter profit rose 61.9 percent on sales increases and a gain on released tax allowances. (AP)
Trade gap narrows in August on lower oil prices
Falling oil prices helped narrow the U.S. trade deficit in August, while both exports and imports retreated from records set in July, the U.S. Commerce Department said on Friday. (Reuters)
PartnerRe says it has capital to handle demand
PartnerRe Ltd. said Friday said despite big hurricane claims and the turmoil in the financial markets, it has the capital it needs to handle the demand for reinsurance. (AP)
Sector Snap: Exchange Operators
Shares of stock exchange operators mostly rose Friday as a Barclays Capital analyst adjusted his earnings estimates for NYSE Euronext Inc. and Nasdaq OMX Group Inc., citing pricing concerns. (AP)
Ford CEO not worried about running out of cash
Ford Motor Co. CEO Alan Mulally says the company is focused on managing its cash and putting its restructuring plans in place as it tries to weather the credit crisis and stock market decline. (By Tom Krisher, AP Auto Writer)
Russia to spend almost $7B on domestic stocks
The Russian government will start buying stocks next week, spending billions to help prop up stricken markets, Prime Minister Vladimir Putin said Friday as parliament approved measures designed to get cash moving quickly into the troubled banking sector. (By Nataliya Vasilyeva, Associated Press Writer)
Media stocks fall on Viacom warning
Shares in entertainment media companies fell further Friday after Viacom Inc. trimmed its profit outlook and an analyst slashed industrywide expectations for advertising revenue and sales of home videos at several companies as the economy weakened. (AP)
Countrywide, BofNY reach bond lawsuit settlement
Bank of New York Mellon and mortgage lender Countrywide Financial have settled a Delaware Chancery Court lawsuit involving Countrywide bondholders. (By Randall Chase, AP Business Writer)
Redstone's vehicle to sell some Viacom, CBS shares
Movie theater operator National Amusements Inc., which is controlled by Sumner Redstone, plans to sell some of its nonvoting stake in Viacom Inc. and CBS Corp. to pay down debt. (AP)
Midday Glance: Utilities companies
Shares of some top utilities companies are down at noon: AEP fell $2.62 or 8.7 percent, to $27.48. (AP)
Midday Glance: Telecom companies
Shares of some top telecom companies are down at noon: AT&T Inc fell $.55 or 2.4 percent, to $22.45. (AP)
Midday Glance: Staffing companies
Shares of some top staffing companies are mixed at noon: Kelly Services fell $.30 or 2.0 percent, to $14.45. (AP)
Midday Glance: Specialty Retail companies
Shares of some top specialty retail companies are down at noon: AutoZone fell $1.71 or 1.7 percent, to $97.08. (AP)
Midday Glance: Silver companies
Shares of some top silver companies are down at noon: Hecla Mining fell $.46 or 12.6 percent, to $3.19. (AP)
Midday Glance: Railroads companies
Shares of some top railroads companies are down at noon: Burlington Northern fell $3.25 or 4.1 percent, to $76.70. (AP)
Midday Glance: Pharmaceuticals companies
Shares of some top pharmaceuticals companies are down at noon: Baxter fell $4.15 or 7.1 percent, to $54.27. (AP)
Midday Glance: PBM companies
Shares of some top pbm companies are down at noon: CVSCaremark fell $1.42 or 4.7 percent, to $28.96. (AP)
Midday Glance: Oil companies
Shares of some top oil companies are down at noon: Chevron fell $6.36 or 9.9 percent, to $57.64. (AP)
Midday Glance: Medical companies
Shares of some top medical companies are down at noon: Abbott Labs fell $1.10 or 2.2 percent, to $48.79. (AP)
Midday Glance: Media companies
Shares of some top media companies are down at noon: Disney fell $1.36 or 5.7 percent, to $22.44. (AP)
Midday Glance: Managed Care companies
Shares of some top managed care companies are down at noon: Aetna fell $1.94 or 7.2 percent, to $25.06. (AP)
Midday Glance: Machinery companies
Shares of some top machinery companies are down at noon: Caterpillar fell $2.63 or 5.9 percent, to $42.17. (AP)
Midday Glance: Investment Banks companies
Shares of some top investment banks companies are down at noon: Goldman Sachs fell $21.64 or 21.4 percent, to $79.71. (AP)
Midday Glance: Internet companies
Shares of some top internet companies are mixed at noon: Akamai Technologies rose $.17 or 1.3 percent, to $13.70. (AP)
Midday Glance: Insurers companies
Shares of some top insurers companies are mixed at noon: American Internation fell $.40 or 16.7 percent, to $1.99. (AP)
Midday Glance: Homebuilders companies
Shares of some top homebuilders companies are down at noon: Centex fell $.46 or 4.5 percent, to $9.71. (AP)
Midday Glance: Health Care Equipment companies
Shares of some top health care equipment companies are down at noon: Becton Dickinson fell $4.70 or 6.5 percent, to $67.59. (AP)
Midday Glance: Gold companies
Shares of some top gold companies are mixed at noon: Barrick Gold fell $3.40 or 9.7 percent, to $31.59. (AP)
Midday Glance: Food companies
Shares of some top food companies are down at noon: Burger King fell $1.31 or 6.4 percent, to $19.26. (AP)
Midday Glance: Finance companies
Shares of some top finance companies are up at noon: Bank of America rose $.63 or 3.2 percent, to $20.26. (AP)
Midday Glance: Electrical companies
Shares of some top electrical companies are down at noon: Amphenol fell $2.20 or 7.3 percent, to $27.86. (AP)
Midday Glance: Education companies
Shares of some top education companies are mixed at noon: Apollo Group fell $.20 or .4 percent, to $51.42. (AP)
Midday Glance: Durable Goods companies
Shares of some top durable goods companies are down at noon: Black & Decker fell $1.11 or 2.2 percent, to $50.02. (AP)
Midday Glance: Drugstore companies
Shares of some top drugstore companies are mixed at noon: CVSCaremark fell $1.42 or 4.7 percent, to $28.96. (AP)
Midday Glance: Construction companies
Shares of some top construction companies are down at noon: Fluor s fell $3.27 or 8.3 percent, to $35.94. (AP)
Midday Glance: Computer companies
Shares of some top computer companies are mixed at noon: Apple Inc rose $2.46 or 2.8 percent, to $91.20. (AP)
Midday Glance: Commercial Banks companies
Shares of some top commercial banks companies are mixed at noon: First Horizon fell $.32 or 4.2 percent, to $7.25. (AP)
Midday Glance: Coal companies
Shares of some top coal companies are down at noon: Arch Coal fell $1.04 or 4.6 percent, to $21.49. (AP)
Midday Glance: Chemicals companies
Shares of some top chemicals companies are down at noon: Chemtura fell $.23 or 9.3 percent, to $2.23. (AP)
Midday Glance: Broadline Retail companies
Shares of some top broadline retail companies are down at noon: BJ's Wholesale fell $.57 or 1.7 percent, to $33.04. (AP)
Midday Glance: Biotechnology companies
Shares of some top biotechnology companies are down at noon: Amgen fell $3.95 or 7.9 percent, to $46.31. (AP)
Midday Glance: Beverages companies
Shares of some top beverages companies are down at noon: Anheuser Busch fell $3.16 or 5.1 percent, to $58.45. (AP)
Midday Glance: Autos companies
Shares of some top autos companies are mixed at noon: Daimler AG fell $1.10 or 3.5 percent, to $30.50. (AP)
Midday Glance: Airlines companies
Shares of some top airlines companies are mixed at noon: AMR rose $.10 or 1.5 percent, to $6.77. (AP)
Midday Glance: Aerospace companies
Shares of some top aerospace companies are down at noon: Boeing fell $2.70 or 6.1 percent, to $41.71. (AP)
Locked up: Sales of safes grow as economy slides
Afraid cash isn't secure even behind the thick walls of banks, more people are turning to something that's protected money since the days of Jesse James and Bonnie and Clyde: safes. (By Ashley M. Heher, AP Business Writer)
Ford taps European chief for new CFO
Ford Motor Co <F.N> said on Friday that Chief Financial Officer Don Leclair will retire effective November 1 and be replaced by the executive credited with leading the turnaround of its European operations. (Reuters)
