Business News Archive - March 14, 2006

U.S. retail sales fell a larger-than-expected 1.3 percent in February as auto sales plunged and consumers took a breather after spending big in January, a government report showed on Tuesday.

A conservative Christian group has launched a boycott of Ford Motor Co., saying the automaker had reneged on a pledge to drop its advertising in gay publications and support of gay rights groups.

WASHINGTON (Reuters) - The U.S. subsidiary of Japanese camera maker Olympus Corp. and U.S. regulators said on Tuesday that about 1.2 million 35-millimeter film cameras are being recalled to fix an overheating problem with the flash circuit.

Google faces off against the U.S. Justice Department in federal court on Tuesday as the Internet company seeks to quash a subpoena for search data, including millions of user queries, in a battle over privacy issues on the Web.

U.S. oil company executives went to Capitol Hill on Tuesday to defend their companies' billions in record profits that have sparked public outrage and to answer concerns about what they plan to do to ease high gasoline costs for consumers.

By Jeff Franks HOUSTON (Reuters) - A former Enron Corp. employee who worked under then-chief financial officer Andrew Fastow said illicit finance deals were so common at the company that he never worried about getting caught.

Word of the Day
  • Growing in low tufty patches.
The word 'cespitose' comes from a Latin word meaning 'turf'.