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WRAL.com - AP Science News - Jan 16, 2009
They can't match Harry Potter yet, but scientists are moving closer to creating a real cloak of invisibility. Researchers at Duke University, who developed a material that can "cloak" an item from detection by …
Tagged: news
WRAL.com - AP Science News - Jan 16, 2009
Drought conditions in Texas are so bad cattle are keeling over in parched pastures and dying.
Tagged: news
WRAL.com - AP Business News - Jan 16, 2009
Citigroup said Friday it is splitting up into two businesses as it reported a fourth-quarter net loss of $8.29 billion - its fifth straight quarterly loss.
Tagged: business
WRAL.com - AP Business News - Jan 16, 2009
Escalating credit losses have driven Bank of America to report a $2.4 billion fourth-quarter loss and slash its quarterly dividend to a penny. The federal government has agreed to inject $20 billion worth of fresh …
Tagged: business
WRAL.com - AP Business News - Jan 16, 2009
A relieved Wall Street headed for a sharply higher open Friday after Citigroup Inc. and Bank of America Corp. took significant steps to bolster their balance sheets.
Tagged: business
WRAL.com - AP Business News - Jan 16, 2009
A weakening U.S. economy and falling global demand kept oil prices near $35 a barrel Friday - about 30 percent off last week's highs.
Tagged: business
WRAL.com - AP Business News - Jan 16, 2009
The International Energy Agency predicted Friday that the global economic downturn will cause world oil consumption to fall for a second straight year in 2009, the first two-year decline in 26 years.
Tagged: business
WRAL.com - AP Business News - Jan 16, 2009
Honda Motor Co. announced another round of job cuts in Japan and work stoppages in Europe on Friday as it trims production by thousands of vehicles to cope with a global drop in auto demand.
Tagged: business
WRAL.com - AP Business News - Jan 16, 2009
Samsung Electronics Co. announced a major restructuring Friday, consolidating business operations into two divisions as South Korea's most powerful and iconic corporation deals with the slowing global economy and …
Tagged: news
WRAL.com - AP Business News - Jan 16, 2009
Switzerland's UBS AG said Friday it is selling parts of its commodities business to Barclays Bank PLC for a yet-to-be determined sum.
Tagged: business