OPEC May Raise Quotas
The Organization of Petroleum Exporting Countries will consider raising oil production quotas by 500,000 barrels a day when it meets Wednesday in Vienna, said Adnan Shihab-Eldin, the group's acting secretary-general.
Saudi Arabia and other OPEC members already exceed production quotas in an attempt to boost inventories before the fourth quarter, when demand peaks. Two of the 11 OPEC nations, Iran and Venezuela, want the group to reduce output.
Stripped-Down Windows to Go on Sale
Microsoft said it will begin selling Windows XP Home Edition N and Windows XP Professional N in Europe Wednesday to comply with a European Union antitrust order.
The software won't include Microsoft's Windows Media Player.
The European Commission in March 2004 fined Microsoft $612 million and ordered the company to sell a version of its Windows operating system without a music and video player, and to license technical information on Windows to competitors.
Toyota Expects to Raise U.S. Prices
Hiroshi Okuda, chairman of Toyota Motor, repeated his statement that the automaker is likely to raise its prices in the United States to support struggling U.S. carmakers, Kyodo News reported.
Honda Motor has ruled out raising prices to help U.S. automakers, saying such increases could be considered price manipulation under U.S. antitrust law. Okuda said automakers can raise prices when they introduce new versions.
Compiled from staff and news service reports.