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Business stories from The Associated Press

Most Asian markets extend New Year's rally
HONG KONG -- Most Asian stock markets extended their New Year's rally Wednesday, with Japan's index up nearly 2 percent, on hopes that stimulus measures from a new U.S. administration would help speed the world's economic recovery. (Updated 12:45 a.m. PT)

China shares fall on profit-taking
SHANGHAI, China -- Chinese shares declined Wednesday after a short-lived rally on profit-taking in banks and refiners, and telecom shares fell despite the government's release of third-generation mobile phone licenses. (Updated 12:42 a.m. PT)

Reports: Chinese tycoon's wife detained in probe
BEIJING -- The wife of billionaire Chinese appliance retailer Wong Kwong-yu has been detained as police investigate Wong for possible financial offenses, according to news reports. (Updated 12:36 a.m. PT)

Satyam Computer head quits, admits doctoring books
NEW DELHI -- The chairman of India's Satyam Computer Services Ltd. quit Wednesday after admitting the company's profits had been inflated for several years, sending shares of the software services provider plunging by more than 70 percent. (Updated 12:27 a.m. PT)

Arkansas Farm Bureau backs animal cruelty bill
LITTLE ROCK, Ark. -- The Arkansas Farm Bureau has announced it will back legislation to make aggravated animal cruelty a felony on first offense, reversing its opposition to past efforts to stiffen the state's animal cruelty penalties. (Updated 12:13 a.m. PT)

*TUESDAY, JANUARY 06, 2009
- Oil dips as traders weigh demand signs, Gaza clash
- Ukraine: Russia stops sending gas to Europe
- Alcoa to cut 13 percent of global work force
- New data show December was a struggle for stores
- Japan stocks up for 7th day on hopes for US plan
- After sales, will shoppers pay full price again?
- SKorean 2008 auto output falls amid global crisis
- Chinese bank says Bank of America selling shares
- Honda to delay production in Argentina
- Baidu Web site apologizes for pornography charge
- North Carolina jobless claims overwhelm Web site
- Goody's liquidates remaining US stores
- W.Va. judicial ethics case draws array of allies
- LyondellBasell units file for bankruptcy
- Latin American stocks rise on commodity, US surge
- Stocks end higher on hopes for economic rebound
- Financial crisis takes human toll
- Treasurys mixed after strong auction
- Top municipal-bond mutual funds at a glance
- Skilling convictions upheld; will get resentenced
- Muni bond jitters mean bargain prices for buyers
- Developer hopes to bait big fish with Bentley
- World's biggest beer maker to shut ancient brewery
- Falling crude prices squeeze Chavez oil diplomacy
- Foundations help nonprofits hurt in Madoff affair
- Pfizer: US ruling maintains Lipitor patent term
- Meltdown 101: What shows up in the Fed minutes?
- Don't get used to cheap oil, analysts say
- Economy in grip of recession, reports show
- Legal fight in Dow-Kuwaiti deal looms
- German mogul kills self over financial meltdown
- Agriculture futures rise on Chicago Board of Trade
- Fed: Economic woes will last despite radical moves
- US service sector improves slightly in Dec.
- Brazil industrial output falls on slowing economy
- Airlines fly into new year with wave of fare sales
- SEC names James Kroeker acting chief accountant
- Summary Box: Legal match set in Dow-Kuwaiti deal
- Kroger mines customer data to send coupons
- Kroger uses loyalty data to target coupons
- Las Vegas Sands denies report of deal for land
- European countries' gas dependence varies
- Dollar up despite disappointing economic readings
- Gov't projects $6.5M in bailout costs through Jan.
- FTSE-100 up 59.28 points at 4,638.92
- Drugmaker Merck seeks Gardasil approval for boys
- GdF says Russian gas supply to France down 70 pct
- US dollar mixed, gold falls in afternoon trading
- Euro zone inflation fell below target in December
- Judge tosses suit challenging tobacco settlement
- Nation's health spending rises, but not so much
- Factory orders drop more than expected in Nov.
- Portuguese central bank foresees recession
- Another hearing sought in missing pants case
- Last Woolworths stores turn out lights in Britain
- Indian airline fires 9 overweight crew members
- Madoff scandal, SEC role under scrutiny
- Services index shows less contraction in December
- Almost 13 million used Prague airport in 2008
- BA says passenger traffic fell 3.4 pct in December
- Chile inflation slows as prices plunge in December
- Pending home sales plunge to record low in Nov.
- German car exports down 22 pct in December
- British house prices sink by record amount in 2008
- Aer Lingus shareholders snub Ryanair takeover bid
- South Korea announces 'Green New Deal' for jobs
- US auto sales drop in 2008, recovery unclear
- Iran offers more gas to Turkey
- Renault orders boosted by French car scheme
- Gas from Russia is down 90 percent in Austria
- Alan Walters, economic aide to UK's Thatcher, dies
- Euro slips below $1.34 in European trading
- Myanmar trade surplus shrinks as gas exports fall
- Macrovision sells TV Guide assets to Lions Gate
- GM says China '08 sales up 6 pct but growth slows
- US govt to NY judge: Jail Madoff without bail
- Obama stimulus plan boosts business tax refunds
- Builders say $1.3B Dubai race course deal nixed
- Europe's services sectors shrank in December
- Company seeks approval for nasal spray flu vaccine
- Iceland's Kaupthing to sue UK over bank action
- Toyota to suspend production for 11 days in Japan
- Report: Sanyo to cut 1,000 workers
- Japan's top CEOs say crisis shows US shortcomings
- Hong Kong's key stock index falls 0.4 percent
- UK retailers Debenhams, Next report drop in sales
- New Mexico's chile yield down due to disease
- Russian gas supplies to Balkans halted
 
*MONDAY, JANUARY 05, 2009
- Philippine December inflation eases to 8 percent
- AP source: Ex-eBay CEO to run for Calif. governor
- Chile leader announces $4 billion anti-crisis plan
- Congressmen sound off against SEC in Madoff affair
- Obama plunges into econ talks, predicts approval
- Cuba: Nickel again earned more than tourism in '08
- 8 dead, 1 hurt after chopper crashes in La. marsh
- Citgo suspends low-income heating oil program
- Cigna to cut about 1,100 jobs, 4 pct of work force
- Argentine gov't accuses gas co of 'irregularities'
- A guide to mutual fund fees
- Gold prices fall as dollar gains strength
- Take control: Understanding investing fees
- Airlines sue FAA over crew rest rules
- Hispanic TV landscape could shift in L.A. trial
- Product recalls: makeup removal towelettes
- Borders Group names new CEO, posts lower sales
- Anheuser-Busch amusement parks cut off free suds
- Apple, Tyson, Barnes & Noble are big movers
- Feds start wait list for DTV converter box coupons
- Treasury announces $15 billion more released from rescue fund to 7 banks
- NY Times debuts front-page ad; new revenue source
- Weekly Treasury auction sees rates increase
- Tyson Foods CEO resigns effective immediately
- Chrysler sales plummet 53 percent
- Nursing industry desperate to find new hires
- NY Fed begins purchasing mortgage securities
- Porsche takes indirect control of Scania
- Germany works on euro50 billion stimulus
- Subaru posts 2008 sales increase in US
- US dollar mixed in Europe
- FSA to lift short selling ban
- Crystal, china maker Waterford Wedgwood collapses
- Chile growth slows to 3.6 pct as copper falls
- Petrobras: 1 worker dead in offshore oil accident
- Calls to use oil as weapon in Gaza fight fall flat
- Gazprom reducing supplies through Ukraine
- Explosion cuts daily oil output by 12,000 barrels
- Infineon seeks capital increase, shares soar
- Spain's 2008 inflation drops to 1.5 percent
- WTO chief Lamy only candidate for next term
- Steve Jobs has hormone imbalance, will remain CEO
- Unruly passenger delays Moscow-Atlanta flight
- Ssangyong gets $45 million from its Chinese parent
- Japan auto executives hope for US recovery
- Richardson withdrawal leaves gap in Cabinet picks
- Iran says OPEC plans emergency meeting in February
- Foreign investment in Myanmar soars
- Researchers focus on bringing missing bees back
 
*SUNDAY, JANUARY 04, 2009
- Wall Street braces for 2009's first full week
- Gazprom toughens position in Ukraine gas dispute
- Madoff victims selling memorabilia on eBay
- French vessel saves 2 cargo ships from pirates
- Some news-sharing alliances that emerged in 2008
- Former newspaper rivals cooperate as jobs are cut
- British PM Brown pledges to create 100,000 jobs
- Dubai island builder keeps share sale option open
- TV: Iran-Iraq to increase economic cooperation
- Chinese manufacturing shrinks in December
- Iran bases budget on oil price of $37.5 per barrel
- Cadillac unveils sleeker SRX before Detroit show
 
*SATURDAY, JANUARY 03, 2009
- Ecuador leader says may honor Global 2015 bonds
- Ecuador president threatens to expel Hutchison
- Pimco will pay delayed dividend after all
- Obama: Country needs economic stimulus plan
- Flowers, Soros, Michael Dell team to buy IndyMac
- NY business sues Madoff to get back $10 million
- Parents of kids in China milk scandal released
- Kenyan president signs controversial media bill
- Government sends Chrysler $4 billion bridge loan
- Romanian minister discussed drop in Russian gas
 
*FRIDAY, JANUARY 02, 2009
- Japan's jobless fill tent village in Tokyo park
- Commercial real estate in for tough 2009
- Business Highlights
- 9 Muslims removed from flight get AirTran apology
- US winery owner dies in Brazil
- Banks borrow more, investment firms less from Fed
- Treasurys tumble as stocks open 2009 with rally
- Debt trouble at Lee triggers auditor's warning
- Some groups lower loss estimates in Madoff scandal
- 9 questions to ask about 403(b) plan changes
- Nonprofit employees invest in 403(b) plans
- Teachers may see retirement plan changes in 2009
- GMAC gives up some GM car financing in bailout
- Auto industry girds for chilling Dec. sales report
- Poland says less gas arrives from Ukraine
- Treasury to mull Citi-style rescues
- Programs pay farmers to help prairie chickens
- Venezuela hopes currency limitations save billions
- Historians battle Wal-Mart over key Civil War site
- Plan B for retirees who counted on home equity
- Foreign workers face stress as unemployment rises
- Jamaica plans affordable homes for tourism workers
- Motorists' habits spur call for tax increases
- Austria names supervisor for fraud-hit Medici Bank
- Dynegy ends joint venture with LS Power
- Glance at CEO Lafley
- Speculation mounts over succession plans at P&G
- Belarus ruble sinks 20 percent, shocking citizens
- Rare 1937 Bugatti supercar found in English garage
- India announces new stimulus plan to boost economy
- Visteon cutting worker hours, pay in Michigan
- Car sales plunge in Spain
- Singapore economy shrinks 12.5 pct in 4th quarter
- Euro-zone manufacturing contracts at record pace
 
*THURSDAY, JANUARY 01, 2009
- Ford hoping to attract enthusiasts with '10 Shelby
- SKorean president vows to overcome economic crisis
- NY police: Stores responsible for crowd control
- Time Warner Cable and Viacom agree on fees
- Venezuela's oil income soars in early 2008
- 2 big banking sector acquisitions completed
- Slump means identity crisis for Las Vegas
- Paul Hofmann, who informed on Nazis, dies at 96
- A look at 2 standout mutual funds for 2008
- Standout 2008 fund managers staying defensive
- Slovakia becomes 16th country to adopt the euro
- Report: Toyota developing solar powered green car
- Group says program benefits industrial farms
 
*WEDNESDAY, DECEMBER 31, 2008
- Stores to airlines, many brands vanished in 2008
- General Motors gets first tranche of US loan
- Street looks to '09 with relief after terrible '08
- Madoff lists assets for SEC; agency mum on details
- Citigroup limits top executive pay, bonuses
- Celgene warns that anticlot drug linked to deaths
- SC jobless benefits to continue as impasse ends
- Treasury lays out details for auto aid
- Icelandic TV program featuring PM forced off air
- Bankruptcy an option for chem giant LyondellBasell
- Summary Box: LyondellBasell says Ch. 11 an option
- At a glance: Vicki Robin
- Mortgage rates fall to third straight record low
- Revisiting a Classic: 'Your Money or Your Life'
- Mortgage crisis spurs tougher rules for brokers
- Atlantic City's luck may be mostly bad in 2009
- Brazilian airline founder faces murder accusations
- AIG seeks change on loan terms: report
- Slovakia is 16th nation to join EU's euro currency
- Slovakia trades koruna for euro
- Bahamas to build stadium with help from China
- Bolivian president creates 6th state-run company
- Arab world tones down New Year's amid Gaza crisis
- Home improvement chains weather tough storm
- Mortgage applications remain at 5-year highs
- Food and drug retail stocks a better buy in 2008
- Kuwait's Dow deal scrapping highlights crisis
- Pricing, regulation squeezed drug industry in 2008
- High medical costs, low pricing hurts managed care
- Biotech proves defensive against tough 2008 market
- Paraguay to use public spending to fight crisis
- Medical devices not immune to recession worries
- SC unemployment fund could go broke without deal
- Shhh! Gadget racket threatens pulsar research
- Iraq opens nearly 90 pct of its oil reserves
- Italy's Alitalia takes over Air One
- Li, China Netcom sweeten PCCW privatization offer
- Judge agrees to change date for MGA to pull Bratz
- UBS sells 3.4 billion share stake in Bank of China
- China to boost railway spending by 80 percent
- China approves long-delayed 3G mobile licenses
- Credit Suisse makes swap for stake in Aberdeen
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