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Published May 12, 2008, 12:10 AM EST
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, according to official data reported Monday.

Consumer prices in April were up 8.5 percent compared with the same month last ...
Published May 12, 2008, 12:55 AM EST
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.

The deal, which could be announced as soon as Monday, would net Cablevision, a cable TV company also based on Long Island, its first...
Published May 12, 2008, 12:15 AM EST
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 indicates.

The analysis of nearly 1 million retirement portfolios found that 69 percent have inappropriate risk or divers...
Published May 11, 2008, 6:30 PM EST
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.

EnCana Corp. will create a publicly traded integrated oil company with oilsands as the growth driver, the company's board of directors said i...
Published May 11, 2008, 5:30 PM EST
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.

It's aerial seeding season for rice farmers in California, which produces about 20 percent of the crop grown in the U.S. With the price of rice surging...
Published May 11, 2008, 5:30 PM EST
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 average consumer.

Tax rebates have historically been helpful in boosting the economy, but they only really work if t...
Published May 11, 2008, 3:35 PM EST
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 market capitalization.

The Phoenix-based carrier is expected to ask permission Tuesday at its annual shareholders m...
Published May 11, 2008, 3:10 PM EST
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 first-quarter earnings this week.

Faced with one of the worst consumer spending climates in almost two decades, stor...
Published May 11, 2008, 2:50 PM EST
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 world.

The silver car doing circles in a Tel Aviv parking lot looked like a regular sedan _ except it had no exhaust pipe and t...
Published May 11, 2008, 2:15 PM EST
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 "greenhouse" gases blamed for global warming, officials said.

The talks, in Niigata on Japan's north coast, are aimed at boo...
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