Archive RSS Feed: Associated Press Business News

China Railway IPO Raises $3 Billion

SHANGHAI, China (AP) -- China Railway Group Ltd. said Friday that its initial public offering on the Shanghai Stock Exchange was oversubscribed many times over, showing that investor demand remains strong despite the market's recent slide....

ArcelorMittal in China Oriental Talks

HONG KONG (AP) -- ArcelorMittal, the world's biggest steel company, said it was in talks with China Oriental Group Ltd. about increasing its stake in the Chinese steel products maker....

PERA Settles With Qwest for $15.5M

DENVER (AP) -- The Colorado Public Employees Retirement Association has reached a $15.5 million settlement with Qwest Communications International stemming from the company's accounting scandal....

Report: Japan Banks' Loan Losses $2B

TOKYO (AP) -- Japanese financial institutions lost as much as $2.1 billion from investments related to risky US housing loans in the half of fiscal 2007, according to a government estimate published by Japanese newspapers Friday....

China Sees 2007 Inflation at 4.5 Percent

BEIJING (AP) -- China's consumer inflation rate for 2007 should be about 4.5 to 4.6 percent, the country's chief statistics official said, according to a government news agency report Friday....

Glance: Treasury Bonds

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Canadians Jump Into Black Friday Frenzy

CHEEKTOWAGA, N.Y. (AP) -- One of three signs on a rack of girls' tops instructed shoppers to take off 20 percent. The others knocked off 40 percent from the original price and 15 percent for using a Macy's card....

Treasurys Make a Post-Holiday Advance

NEW YORK (AP) -- Treasury prices rose slightly during an abbreviated post-holiday session Friday when a lively stock market rally limited demand for government bonds....

Chinese Car Plant to Be Built in Mexico

MEXICO CITY (AP) -- Construction began Friday on an auto assembly plant in central Mexico that will create thousands of jobs and be the country's first to produce Chinese cars....

Chip Maker Seeks New Injunction

IRVINE, Calif. (AP) -- Chip maker Broadcom Corp. said Friday it will try to stop rival Qualcomm Inc. from making, using, selling or developing cellular chips based on contested patents....