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Ky. plant where gunman killed 5 and himself has reopened for limited production
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June 26, 2008 - 9:51 AM EST
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Work has resumed at a western Kentucky plastics plant where an employee shot five people dead and killed himself.Plant manager Dean Jorgensen says the plant in Henderson began running limited production Wednesday night.Police say 25-year-old Wesley N. Higdon fatally shot his supervisor and four others early Wednesday and turned the gun on himself. Another person was wounded in the shooting.Police say the shooting happened...
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Dollar higher against the euro after Federal Reserve decision, ECB remarks
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June 26, 2008 - 7:02 AM EST
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The dollar rose slightly against the euro Thursday, picking up some ground after the U.S. Federal Reserve said it would leave interest rates unchanged for the time being and the European Central Bank again hinted that a rate increase is possible as early as its next meeting.The 15-nation euro bought $1.5646 in morning European trading, down from $1.5667 in late New York trading Wednesday. The British pound fell slightly to...
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Thieves stealing diesel fuel supplies from farmers, ranchers across US as prices soar
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June 26, 2008 - 6:45 AM EST
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With the price of diesel skyrocketing, farmers and ranchers around the country are being targeted by ne'er-do-wells armed with syphon hoses and pumps.Sheldon Wilder, who owns a cotton gin 30 miles east of Memphis, Tenn., has endured worse already. Twice in two weeks, he had diesel drained from saddlebag tanks on a truck at his gin. The second time the thieves left the hoses loose and what diesel they didn't steal drained out...
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Toyota, Nissan global production expands in May on strong overseas demand
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June 26, 2008 - 6:44 AM EST
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Japanese automakers reported generally solid growth in global production and exports in May, as robust demand in Asia and emerging markets cushioned the effects of a softening U.S. market.The country's top automaker Toyota Motor Corp. said Thursday overall global production rose 3.6 percent from the previous year to 805,948 vehicles on strong output in Asia.Toyota's overseas production gained 4.3 percent to 400,749 vehicles,...
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Japanese shares slip for 6th day amid caution over US economy
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June 26, 2008 - 5:23 AM EST
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Japanese stocks edged down Thursday, extending losses for a sixth day as investors traded with caution following the Federal Reserve's mixed assessment of the U.S. economy.The benchmark Nikkei 225 index slipped 7.6 points, or 0.05 percent, to 13,822.32."Sentiment was sluggish as the Fed's statement on the state of the U.S. economy was ambiguous," said Kazuki Miyazawa, market analyst at Daiwa Securities SMBC Co. Ltd.On Wednesday,...
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Sony aims for profitability in TV and video game businesses by March 2009
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June 26, 2008 - 5:15 AM EST
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Sony outlined its strategy for growth Thursday geared at regaining its lead in TVs, wiping out the red ink in video games and rolling out movie services to woo Net-savvy consumers.Sony Chief Executive Howard Stringer vowed the company will become profitable in its money-losing TV and game businesses during this fiscal year ending March 2009.Stringer said Sony has achieved recovery since 2005 by exiting or downsizing 15 product...
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Oil prices steady in Asia above $134 after sharp decline on increase in US oil stockpiles
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June 26, 2008 - 1:15 AM EST
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Oil prices steadied in Asia Thursday after falling sharply in the previous session on a report that showed U.S. stockpiles of oil and fuel were larger than expected.Light, sweet crude for August delivery was down 20 cents to $134.35 a barrel in electronic trading on the New York Mercantile Exchange by midday in Singapore.Wednesday's inventory report was taken as evidence that soaring gasoline prices have crimped demand in...
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Police: Ky. gunman who killed 5 and himself argued with boss over cell phone, safety goggles
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June 25, 2008 - 7:05 PM EST
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A 25-year-old press operator shot and killed five co-workers and himself at a plastics plant in rural western Kentucky just hours after arguing with his supervisor about not wearing safety goggles and using his cell phone while on the assembly line, police said Wednesday.Authorities said Wesley N. Higdon of Henderson was so riled by the argument with his supervisor that he called his girlfriend and told her that he wanted...
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Police: Gunman who killed 5 and himself at Ky. plant warned girlfriend of rampage
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June 25, 2008 - 5:55 PM EST
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A man who killed five people and himself in a rampage at a western Kentucky plastics plant called his girlfriend two hours before the rampage to warn her that he was going to kill his boss, police said Wednesday.Police said Wesley N. Higdon, 25, had an argument with his supervisor about wearing safety goggles and using his cell phone while was at his press machine Tuesday.Later that night, as the supervisor escorted him from...
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