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CHICAGO -- Boeing Co. chairman and chief executive Phil Condit, citing a year of controversies involving the huge aerospace manufacturer, resigned unexpectedly only days after the company fired two other Boeing officials for an alleged ethics breach.
NEW YORK -- Investors sent stocks surging Monday, propelling the Dow Jones industrials up more than 115 points and into the shadow of 10,000 after a pair of reports showed better-than-expected growth in the nation's manufacturing sector and construction spending. Retail stocks dipped although stores had solid sales over the Thanksgiving weekend.
LOS ANGELES -- Stanley Gold, a key ally of former Walt Disney Co. vice chairman Roy E. Disney, resigned from the media conglomerate's board Monday, becoming the second vocal opponent of chairman and chief executive Michael Eisner to quit the board in two days.
Many stores around Bloomington have recently stocked their shelves just in time for Christmas with gifts to suit every whim and need. Stores such as Barnes & Noble, Radio Shack and Victoria's Secret have holiday items on sale to lessen the dent shopping can make on the customer's pocketbook.
Overall retail sales on the first day after Thanksgiving jumped 4.8 percent from last year to this year and totaled $7.2 million, according to ShopperTrak.
HAMMOND, Ind. -- Major steel producers in northwest Indiana are better positioned to compete with foreign companies than when President Bush placed tariffs on steel imports 21 months ago, experts and labor leaders say.
CHICAGO -- McDonald's Corp. extended the recovery in its once-slumping restaurants to an eighth straight month Monday, reporting a double-digit gain in U.S. same-store sales and a modest improvement in Europe, its second-biggest market.
NEW YORK -- Wall Street sprinted higher Monday as investors kept their faith in a strengthening economy despite Friday's disappointing employment report. The Dow Jones industrials climbed 102 points to fall just shy of 10,000.
WASHINGTON -- The Federal Reserve, finally starting to see the hoped-for rebound in the economy, is expected to leave interest rates unchanged at its last meeting of the year, allowing consumers and businesses to enjoy the lowest rates in decades into the new year.
The Commodities Futures Trading Commission and the New York Mercantile Exchange said Friday they have stepped up their surveillance of natural gas trading in the past week and industry sources said traders' telephone records have been subpoenaed as part of that effort.
CFTC officials visited the trading pit this week, an employee of one New York-based trading firm that was subpoenaed said Friday.
"They didn't give any specific indication that they're targeting a specific trade, a specific trader or a specific (trading) house," said the employee, speaking on condition of anonymity.
R. David Gary, a spokesman for the CFTC in Washington, said the agency has increased surveillance because of recent volatility and high prices of natural gas trading activity on Nymex since the start of the month. But, as a matter of policy, he said the agency would neither confirm nor deny the existence of any formal investigation.
Nymex spokeswoman Nachamah Jacobovits said the focus of the scrutiny is to "make sure that futures prices are reflective of what's happening on cash markets and that there's no manipulation."
LONDON -- The dollar sank to another record low against the euro on Monday -- an 11-year low against the British pound in European trading. Gold prices rose.
Until two years ago, business majors with an interest in entertainment were unable to find a way to combine the two fields at IU. Senior Eddie Anderson, one of these students, found opportunity in what he saw as a flaw in the business school.
SAN JOSE, Calif. -- Executives from Silicon Valley to Wall Street are adamant that shifting white- collar jobs from the United States to developing countries is good business, but a backlash is brewing.
For 21 years, IU students have been getting it every night. Or at least that's what local fast-food bastion Pizza Express would say, more than 4 million pizzas after Jeff Mease and Jeff Hamlin first opened their doors to the Bloomington community. And now the Bloomington pizza staple has hit Indianapolis. Located at 923 Indiana Ave., just minutes from the IUPUI campus, the state capital's first Pizza Express promises consistency in flavor, price and brand, said Gabe Connell, co-owner of the Indianapolis location.
In 1998, when students needed microwaves, mini-fridges or new computers they could just go down to Circuit City and pick one out.
NEW BRUNSWICK, N.J. -- Eager to ride the high-tech tide, Andrew Zhou double-majored in computer science and finance when he arrived at Rutgers University in 2000.
INDIANAPOLIS -- Guidant Corp. has acquired a California developer of microwave technology used in heart bypass surgery and other procedures for $45 million plus future milestone payments.
CHICAGO - McDonald's Corp. capped off a turnaround year with a modest $125.7 million profit in the fourth quarter, posting strong sales and operating results as it continued a resurgence under CEO Jim Cantalupo.
WASHINGTON -- Halliburton will pay the Pentagon $6.3 million for possible overcharges by a subcontractor accused of giving kickbacks to supply U.S.
Students in the MBA program at IU's Kelley School of Business now have a chance to take part in a program which will allow them to gain not only class credit but real business world experience as well.
The business school teamed with Bloomington Brands, LLC, created by Robert Stohler, an IU alumnus and former employee of Scotts, the company known for such products as Miracle Gro.
While the company is widely known for its miracle plant growth enhancer, it also manufactures other home and garden products with less recognition across the nation.
WASHINGTON - America's economy cooled from its red-hot pace in the final three months of 2003 but still advanced at a 4 percent annual rate -- strong evidence the recovery was on solid ground heading into the new year.