Business newsBusiness news are continually updated from many sources around the net |
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Jaclyn Smith line at Kmart to add bed and bath items
Chicago Tribune | 8 hours 39 minutes ago
Sears Holdings Corp. is expanding its Jaclyn Smith clothing line at Kmart to include bed and bath fashions. The collection, called Jaclyn Smith Home Collection, is scheduled to debut Sept. 9 at Kmart stores and online.
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EU asks Ryanair to explain cancellations
Reuters UK | 9 hours 1 minute ago
BRUSSELS (Reuters) - The European Commission has written to Ryanair for information on whether the airline is breaking laws on passenger rights by cancelling up to 500 passenger-flights a day, a spokesman said on Wednesday.
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BP says Baku-Ceyhan oil pipeline to resume operations
Reuters UK | 9 hours 2 minutes ago
LONDON (Reuters) - BP said on Wednesday exports of Azeri oil from Turkey should resume next week after repairs to the $4 billion (2.1 billion pounds) Baku-Tbilisi-Ceyhan (BTC) pipeline damaged by a fire two weeks ago.
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Brown promises economic help
Reuters UK | 9 hours 2 minutes ago
ON BOARD FLIGHT TO BEIJING (Reuters) - Prime Minister Gordon Brown promised on Wednesday to deliver a package of economic measures for struggling Britons in September as he brushed off talk of challenges to his leadership and his party.
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Public coffers get oil boost but outlook grim
Reuters UK | 9 hours 3 minutes ago
LONDON (Reuters) - Bumper tax receipts from North Sea oil companies boosted public coffers in July but a deteriorating underlying picture left the government little hope of meeting its full-year borrowing forecast.
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Pound near lows after Bank minutes
Reuters UK | 9 hours 4 minutes ago
LONDON (Reuters) - The pound fell against the dollar on Wednesday after minutes from the Bank of England's August meeting showed a nervous Monetary Policy Committee split three ways on the direction of interest rates.
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Retail sales seen slipping again in July
Reuters UK | 9 hours 6 minutes ago
LONDON (Reuters) - Retail sales are expected to have fallen for the second consecutive month in July as tighter credit conditions and high energy and food costs force consumers to break with their past spendthrift ways.
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Bank split on rates but cut seen on horizon
Reuters UK | 9 hours 6 minutes ago
LONDON (Reuters) - The Bank of England mulled the case for both a cut and hike in interest rates this month before a majority of policymakers held rates at 5 percent, but bleak economic signals continue to swing the balance towards a cut.
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Ferrovial's BAA must sell 3 airports
Reuters UK | 9 hours 8 minutes ago
LONDON (Reuters) - Spain's Ferrovial must sell three of the seven British airports it bought for 10 billion pounds two years ago under a tougher-than-expected ruling on Wednesday.
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Palm unveils Treo Pro to rival BlackBerry
Toronto Star, Canada | 9 hours 55 minutes ago
Palm Inc unveiled a Treo smartphone Wednesday based on Microsoft Corp software to compete for business users against rivals such as Research In Motion's BlackBerry.
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Fidelity Investments seeks investor response to default at Plantation Place
International Herald Tribune | 10 hours 7 minutes ago
A loan used to finance the record-setting London office building, controlled by a group including the Invista Foundation Property Trust and Tishman International, is in default after covenants were breached when the value of the building fell.
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Canadian banking institutions go on a hiring spree in the U.S.
International Herald Tribune | 10 hours 8 minutes ago
Canadian lenders are taking advantage of the U.S. turmoil to buy bank assets and recruit professionals.
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Saudi climate improves for foreign investors
International Herald Tribune | 10 hours 9 minutes ago
Under a new measure, potential foreign investors would be entitled to returns related to their share purchases and must take on all of the economic exposure.
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Factories expect sharpest output cut
Reuters UK | 10 hours 55 minutes ago
LONDON (Reuters) - Manufacturers expect to cut output at the fastest rate in nearly seven years, according to a survey published on Wednesday by the Confederation of British Industry (CBI).
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Buffett, Gates tour Alberta oil sands
Toronto Star, Canada | 11 hours 6 minutes ago
Warren Buffett and Bill Gates, two of the world's richest men, toured Canadian Natural Resources Ltd's Horizon oil sands project near Fort McMurray, Alberta, this week.
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Magazine Preview: How Obama Reconciles Dueling Views on Economy
New York Times | 11 hours 16 minutes ago
Barack Obama is both more left-wing and more right-wing than many people realize. A 15-year debate among economics experts in the Democratic Party helps explain why.
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Small SUVs Improve in Crash Tests
ABC News | 11 hours 24 minutes ago
Small SUVs show improvements in insurance industry crash tests.
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Conditions worsen at Fannie Mae and Freddie Mac, prompting bailout fears
International Herald Tribune | 11 hours 29 minutes ago
But the U.S. Treasury Department and the companies say such government intervention will not be necessary to rescue the housing giants.
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Banks' return on equity in decline
International Herald Tribune | 11 hours 29 minutes ago
The credit crunch has been a sharp drag the return on equity, a main gauge of profit, at many banks, particularly those in Europe and the United States, since the second half of 2007, and those returns may never recover to precrisis levels.
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California clears two companies to offer genetic testing directly to consumers
International Herald Tribune | 11 hours 29 minutes ago
Regulators at both the state and national level are becoming increasingly concerned about the accuracy and validity of the tests.
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Mortgage Applications Hit Multiyear Low
ABC News | 11 hours 32 minutes ago
Mortgage applications have dropped to lowest level since late 2000.
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Frugal Shoppers Help Raise BJ's Profits
ABC News | 11 hours 47 minutes ago
BJ's reports higher 2Q profits as shoppers seek deals at discounters.
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Company Ordered to Give Test Drug to Teenager
New York Times | 12 hours 2 minutes ago
A federal judge has ordered a research company to supply an experimental drug to a 16-year-old Minnesota boy who is terminally ill with muscular dystrophy.
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Fewer workers killed on the job in 2007
Chicago Tribune | 12 hours 3 minutes ago
WASHINGTON (AP) _ The number of U.S. workers killed on the job has dropped to a historic low.
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Newfoundland signs Hebron deal
Toronto Star, Canada | 12 hours 32 minutes ago
The government of Newfoundland and Labrador expects the province will gain $20 billion in royalties and up to 3,500 jobs from the Hebron offshore oil project.
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African bank set for share issue
BBC News | 12 hours 48 minutes ago
African regional banking group Ecobank plans the continent's biggest rights issue, to raise $2.5bn to fund its expansion.
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German law to target non-EU bids
BBC News | 13 hours 1 minute ago
Germany prepares legislation aimed at blocking sovereign wealth funds from taking big stakes in local firms.
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Manufacturing prospects 'worsen'
BBC News | 13 hours 57 minutes ago
Conditions for UK manufacturers are deteriorating, a CBI survey says, with output expectations at a seven-year low.
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Another Round Of PBR
Forbes | 14 hours 33 minutes ago
Petrobras has lost more than one-third of its market value since May. The stock is a bargain.
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OfficeMax CFO leaves for Allstate
Chicago Tribune | 14 hours 49 minutes ago
Allstate Corp. said Wednesday that it tapped former OfficeMax Inc. Chief Financial Officer Don Civgin to serve as senior vice president and CFO of the Northbrook insurance giant.
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Some eBay sellers fed up with site's new rules
Chicago Tribune | 14 hours 52 minutes ago
NEW YORK (AP) _ Some people who sell things on eBay are fed up with new rules the company has been imposing in hopes of making the auction site more attractive to online shoppers. Now even more changes are coming in the next few weeks, but this time eBay Inc. hopes it can cool tempers.
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Myriad Of Upside In Oversold Stocks
Forbes | 14 hours 53 minutes ago
Myriad Genetics shares have nearly doubled since March. Look for the stock to keep moving higher.
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Composite leading index unchanged in July
Toronto Star, Canada | 15 hours 6 minutes ago
Two of 10 components fell as the composite leading index was unchanged for a second straight month in July.
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British competition authorities seek break-up of BAA
International Herald Tribune | 15 hours 18 minutes ago
In a preliminary report, the regulator recommended the sale of two of its three airports serving London and one in Scotland..
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Oil rises ahead of U.S. inventory report
International Herald Tribune | 15 hours 18 minutes ago
Crude oil rose for a second day on estimates that a U.S. Energy Department report later on Wednesday would show a decline in gasoline supplies.
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Euro hits six-month low versus dollar
International Herald Tribune | 15 hours 18 minutes ago
The euro declined Wednesday to near its lowest level in six months against the dollar on concern that growth in the 15-nation economy is weakening.
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Germany approves law against some foreign investor actions
International Herald Tribune | 15 hours 18 minutes ago
Chancellor Angela Merkel's government has for the last year been considering rules that might make it possible to curb, for example, takeovers by state-controlled foreign funds.
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China Citic posts 163% profit jump
International Herald Tribune | 15 hours 18 minutes ago
Shares of Citic Bank have dropped 46 percent in Shanghai and 5 percent in Hong Kong this year.
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Land Securities and Liberty in London office JV
Reuters UK | 15 hours 26 minutes ago
LONDON (Reuters) - The country's biggest property firm Land Securities said on Wednesday it has sold a 50 percent stake in its Empress State office tower in west London to Liberty International for 107.75 million pounds.
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Report Suggests Breakup of British Airport Operator
New York Times | 15 hours 39 minutes ago
British competition authorities called for the breakup of BAA in a preliminary report that recommended the sale of two of its three airports serving London and one in Scotland.
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Bank split on rates
Reuters UK | 15 hours 39 minutes ago
LONDON (Reuters) - The Bank of England mulled the case for both a cut and hike in interest rates this month before a majority of policymakers held rates at 5 percent, but bleak economic signals continue to swing the balance towards a cut.
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Deutsche plans to launch ETFs across Asia
Reuters UK | 15 hours 41 minutes ago
HONG KONG (Reuters) - Deutsche Bank aims to launch exchange-traded funds (ETFs) in at least three Asian markets within six months, with the aim of becoming a top-three player in the region by 2011.
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Bumper oil receipts boost public finances
Reuters UK | 15 hours 48 minutes ago
LONDON (Reuters) - Bumper tax revenues from North Sea oil helped public finances swing into surplus in July, data showed on Wednesday, but the government still faces an uphill battle to meet its full-year borrowing forecasts.
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BAA must sell three airports
Reuters UK | 15 hours 49 minutes ago
LONDON (Reuters) - Spain's Ferrovial must sell three of the seven British airports it bought for 10 billion pounds two years ago under a tougher-than-expected ruling on Wednesday.
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Canadian retail sales boosted in June
Toronto Star, Canada | 15 hours 53 minutes ago
Retail sales rose by 0.5 per cent in June to $36 billion, largely on the strength of a 4.2 per cent increase in higher-priced gasoline.
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BJ’s Posts Higher Profit and Raises Outlook
New York Times | 15 hours 54 minutes ago
The retailer said profit edged up in the second quarter and sales rose almost 18 percent as frugal shoppers sought deals at discounters.
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Turning pennies into pensions
Reuters UK | 15 hours 55 minutes ago
LONDON (Citywire) - I don't know why I'm attracted to stories of this sort but I've just read the most fascinating tale of a bloke in the US who's just bought a brand new Chevrolet Silverado pick-up truck and paid for it with small change.
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Small SUVs get top crash test scores
Toronto Star, Canada | 16 hours 6 minutes ago
Four small sport utility vehicles received top scores in crash tests to be released Wednesday by the U.S. insurance industry, a sign of improvement compared with SUVs built earlier in the decade.
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Mortgage applications drop to 6-year low
Chicago Tribune | 16 hours 11 minutes ago
Mortgage application volume fell last week to its lowest levels in more than six years, the Mortgage Bankers Association said Wednesday.
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Markets await crude inventory report
Toronto Star, Canada | 16 hours 17 minutes ago
North American stock markets appeared poised for gains Wednesday ahead of a weekly report on U.S. crude inventories, which could have an impact on energy stocks.
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European firms resilient but earnings cuts ahead
Reuters UK | 16 hours 22 minutes ago
LONDON (Reuters) - European corporate earnings have proved largely resilient in the second quarter, but 2009 estimates are too rosy and have yet to reflect the slowing global economy.
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12 States Push for Paid Sick Days
ABC News | 16 hours 30 minutes ago
Proposed state legislation would require employers to provide paid sick days.
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Tell the world 'Why Chicago' for Olympics with video
Chicago Tribune | 16 hours 30 minutes ago
The Chicago 2016 Olympic bid team is borrowing a page from YouTube by asking Chicagoans to create and post videos about the city on a newly created channel.
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American Airlines launches Wi-Fi on some flights
Chicago Tribune | 16 hours 33 minutes ago
American Airlines launched Wi-Fi service on 15 of its airplanes Wednesday, providing broadband Internet access on coast-to-coast flights in the U.S.
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Michael Page gains on bid rumour
Reuters UK | 16 hours 34 minutes ago
ZURICH (Reuters) - Shares in Michael Page rose over 13 percent on Wednesday on speculation that Swiss staffing group Adecco could make an offer valuing the firm around 1.6 billion pounds.
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Medical Pork: What Studies You Pay for
ABC News | 16 hours 48 minutes ago
Researchers look at random sex, attractiveness and the obvious.
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BAA may have to sell 3 of its UK airports
Toronto Star, Canada | 17 hours 2 minutes ago
Airport operator BAA, owner of London's Heathrow, may have to sell three of its seven British airports, a competition watchdog said Wednesday.
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The Deadly Sins of Middle Seatmates
ABC News | 17 hours 10 minutes ago
Ever get trapped next to that traveler who thinks your shoulder is a pillow?
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Discount supermarket sales rise
BBC News | 17 hours 12 minutes ago
Discount supermarkets such as Aldi and Lidl see sales grow as cost-conscious UK consumers look to save cash, figures suggest.
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Factories expect sharpest output cut for years
Reuters UK | 17 hours 27 minutes ago
LONDON (Reuters) - Manufacturers expect to cut output at the fastest rate in nearly seven years, according to a survey published on Wednesday by the Confederation of British Industry (CBI).
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U.S. mortgage applications fall sharply
International Herald Tribune | 17 hours 36 minutes ago
Applications for mortgages mirror the slump in U.S. housing that is now in its third year.
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JPMorgan India plans first globally-invested fund
Reuters UK | 18 hours 31 minutes ago
MUMBAI (Reuters) - The Indian fund unit of JPMorgan plans to launch a fund investing in Middle East, Africa and emerging Europe, joining the likes of ING and Mirae, who are looking to offer global diversification to domestic investors.
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Mexico's Peso May Face Upward Pressure
Forbes | 18 hours 33 minutes ago
An increased benchmark interest rate could force the peso to appreciate further.
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Arcelor tightens hold on iron ore
BBC News | 18 hours 35 minutes ago
Arcelor Mittal, the world's largest steelmaker, buys Lonmin's Brazilian iron ore assets for $810m.
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Budding G7 recession prompts hunt for real yields
Reuters UK | 18 hours 36 minutes ago
LONDON (Reuters) - With the impending arrival of a recession in some major economies, investors seeking true safe havens are looking to lock in scarce positive real yields before central banks start cutting interest rates in earnest.
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Phelps Could Set Olympic Record -- $100M
ABC News | 18 hours 39 minutes ago
Michael Phelps is expected to become biggest money-making Olympian.
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BAA 'should sell three airports'
BBC News | 18 hours 57 minutes ago
The Competition Commission says BAA may have to sell three of its seven UK airports - two in London and one in Scotland.
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Three-way split again on UK rates
BBC News | 18 hours 59 minutes ago
Bank of England policymakers were again split three ways when they decided to hold interest rates at 5% earlier this month.
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Mortgage lending slump continues
BBC News | 19 hours 1 minute ago
The slump in mortgage lending continued in July, according to the latest figures from the Council of Mortgage Lenders.
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Bumper oil receipts boost public finances in July
Reuters UK | 19 hours 3 minutes ago
LONDON (Reuters) - Bumper tax revenues from North Sea oil helped public finances swing into surplus in July, data showed on Wednesday, but the government still faces an uphill battle to meet its full-year borrowing forecasts.
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Bank split three ways on rates again in Aug
Reuters UK | 19 hours 9 minutes ago
LONDON (Reuters) - Bank of England policymakers were split three ways in August for a second month running, with one voting to hike interest rates, another to cut but the remaining seven deciding to keep borrowing costs steady at 5 percent.
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Apple admits iPod Nano 'overheat'
BBC News | 19 hours 11 minutes ago
Apple says that a battery fault meant that a small number of its first generation iPod Nanos could overheat.
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Small SUVs improve in crash tests
Chicago Tribune | 19 hours 11 minutes ago
WASHINGTON (AP) _ Four small sport utility vehicles received top scores in crash tests to be released Wednesday by the insurance industry, a sign of improvement compared with SUVs built earlier in the decade.
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BAA must sell 3 airports
Reuters UK | 19 hours 20 minutes ago
LONDON (Reuters) - Spanish builder Ferrovial must sell three of the seven airports it bought for 10 billion pounds two years ago under a tougher-than-expected ruling on Wednesday.
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Jewellery demand supports gold
Reuters UK | 19 hours 39 minutes ago
LONDON (Reuters) - Resurgent demand from jewellers and strong technical support have arrested a recent sharp slide in gold prices, but more losses are likely if the dollar keeps rising and exchange-traded funds lose faith in the metal.
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Crown buyout 'good for business'
BBC News | 19 hours 41 minutes ago
The buyout of Crown Paints heralds an exciting time for everyone in the Lancashire-based business, its new chairman says.
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British regulator orders breakup of BAA and sale of U.K. airports
International Herald Tribune | 19 hours 46 minutes ago
The British Competition Commission said the owner of Heathrow Airport in London should be broken up and its Gatwick and Stansted terminals sold off to foster competition.
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Commodity-related shares lift Europe
International Herald Tribune | 19 hours 46 minutes ago
European shares rose Wednesday, recouping some of the losses from the previous session as commodity-related stocks bounced back along with oil and metal prices.
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Ericsson and STMicroelectronics form chip venture
International Herald Tribune | 19 hours 46 minutes ago
The companies said Wednesday that they would combine some mobile-communications units to collaborate on research and design of chips and networks.
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Construction industry cools in Europe
International Herald Tribune | 19 hours 47 minutes ago
Construction in the 15-nation euro area declined 0.6 percent from May, when it rose 0.1 percent, less than initially estimated.
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Gross mortgage lending up in July
Reuters UK | 19 hours 47 minutes ago
LONDON (Reuters) - Gross mortgage lending totalled an estimated 24.8 billion pounds in July, a 27 percent decline on the same month last year but up 5.0 percent on June's levels, the Council of Mortgage Lenders said on Wednesday.
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Employee price offered on most 2008 vehicles
Toronto Star, Canada | 20 hours 3 minutes ago
General Motors Corp. says it is offering employee pricing to everyone on nearly all 2008 and some 2009 vehicles.
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Hedge fund trader faces big fine for client fraud
Toronto Star, Canada | 20 hours 3 minutes ago
Hedge fund operator Paul Eustace, an American living in Canada, has agreed to pay more than $279 million (U.S.) to defrauded customers and more than $12 million in civil penalties.
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Now not the time to lock in home heating prices
Toronto Star, Canada | 20 hours 3 minutes ago
Natural gas prices soared earlier this year. This led Ontario's two major utilities to put through hefty rate increases on July 1.
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Ivanhoe seeks appeal of ABCP ruling
Toronto Star, Canada | 20 hours 3 minutes ago
A restructuring plan for $32 billion worth of non-bank, asset-backed commercial paper faces a fresh obstacle now that a lawyer representing Ivanhoe Mines Ltd. has confirmed plans to take the case to this country's highest court.
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Nature undressing perfect martini
Toronto Star, Canada | 20 hours 3 minutes ago
Extra olives with your martini?
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Mega Brands surges on cash infusion
Toronto Star, Canada | 20 hours 3 minutes ago
Mega Brands Inc. shares surged by nearly 11 per cent yesterday as the troubled toy maker closed a $75 million private placement and announced an insurance settlement that will provide the financial means for it to return to profitability.
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Housing starts, permits fall
Toronto Star, Canada | 20 hours 3 minutes ago
U.S. home building projects started in July fell 11 per cent to the lowest annual rate in more than 17 years, while building permits tumbled 17.7 per cent, the commerce department reported yesterday.
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U.S. inflation rises as building slows
Toronto Star, Canada | 20 hours 3 minutes ago
U.S. wholesale prices rose in July at the fastest annual rate in 27 years, while builders cut back on construction as they worked through a glut of unsold homes, government data showed yesterday.
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Food giant's profit tops $1 billion U.S.
Toronto Star, Canada | 20 hours 3 minutes ago
Agriculture giant Cargill Inc. yesterday reported fiscal fourth-quarter net profit of $1.05 billion (U.S.), driven by its global grain transportation unit and the sale of a power plant in the United Kingdom.
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Google funds to search deep
Toronto Star, Canada | 20 hours 3 minutes ago
Drill for heat, not oil.
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Apple admits fire risk in older iPod Nanos
Toronto Star, Canada | 20 hours 3 minutes ago
Apple Inc. said yesterday batteries from a single supplier are to blame for the meltdown of some models of its tiny iPod Nano digital music player.
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Missing: Turtle with two heads
Toronto Star, Canada | 20 hours 3 minutes ago
When Sean Casey called the police to report that a nameless two-headed turtle had been kidnapped, the officer had him repeat the complaint two or three times.
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Incinerator bids sought in Durham
Toronto Star, Canada | 20 hours 3 minutes ago
Durham Region's controversial debate over garbage disposal is moving one step closer to incineration.
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Rail franchise runners announced
BBC News | 20 hours 4 minutes ago
The four companies in the race to run rail services in the South East are announced.
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Commodities and China hopes lift FTSE in early trade
Reuters UK | 20 hours 6 minutes ago
LONDON (Reuters) - The FTSE 100 rose by 0.5 percent early on Wednesday, after heavy losses in the previous session, as commodities tracked higher crude and metal prices, and investors banked on sustained Chinese economic growth.
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India airport strike hits flights
BBC News | 20 hours 31 minutes ago
Many domestic airline flights are cancelled in India after airport workers go on strike in protest against the government's economic policies.
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Capital&Regional shares soar on German property sale
Reuters UK | 20 hours 31 minutes ago
LONDON (Reuters) - Shares in property fund manager Capital & Regional rose 10.8 percent in early trading on Wednesday after it said it had offloaded half its equity exposure to a 637 million euros German property portfolio.
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Principal Global Investors taps Japan pension mkt
Reuters UK | 20 hours 33 minutes ago
TOKYO (Reuters) - Principal Global Investors, an asset management arm of Principal Financial, hopes to sign more deals with Japanese pension funds as they open up and do business with start-up asset management firms.
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Mass. urges Fidelity to buy back auction-rate debt
Reuters UK | 20 hours 35 minutes ago
BOSTON (Reuters) - The top Massachusetts securities regulator urged Fidelity Investments on Tuesday to repurchase auction-rate securities that it sold to clients who are now stuck will illiquid investments.
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Nat Exp and Stagecoach on rail bid shortlist
Reuters UK | 20 hours 39 minutes ago
(Reuters) The Department for Transport (DfT) on Wednesday announced the shortlist of four bidders for the operation of the South Central rail franchise, which included National Express 's NXSC Trains and Stagecoach's Southern Trains.
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Buyout group raises offer for Australia's Indophil
Reuters UK | 20 hours 55 minutes ago
SYDNEY (Reuters) - A consortium bidding for Australian-listed prospector Indophil Resources NL raised its offer on Wednesday, hoping to trump a rival offer by Xstrata Ltd .
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Olympic thirst boosts China beer
BBC News | 21 hours 2 minutes ago
Chinese brewer Tsingtao sees half-year profits up 42% from publicity gained by sponsoring the 2008 Beijing Olympics.
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Turquoise targets 5 pct of Europe volume
Reuters UK | 21 hours 2 minutes ago
PARIS (Reuters) - Alternative equities trading platform Turquoise aims to win 5 percent of European volume by the year end, managing director Eli Lederman said in an interview with the Les Echos newspaper on Wednesday.
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McCain and Obama spar over taxes
BBC News | 21 hours 7 minutes ago
Barak Obama's senior economic adviser accuses John McCain of proposing huge tax cuts for rich people and large firms.
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China shares up from 20-month low
BBC News | 21 hours 52 minutes ago
China's main share index rebounds from a 20-month low on talk that Beijing will introduce an economic rescue plan.
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‘Mad Dog’ Joining Sirius XM
New York Times | 21 hours 55 minutes ago
On Tuesday, Chris Russo of WFAN became the star, director and executive producer of Mad Dog Radio.
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Hyundai plans to sell gas-electric hybrid in U.S.
Chicago Tribune | 22 hours 49 minutes ago
Hyundai Motor Corp. says it will bring a gas-electric hybrid version of its Sonata sedan to the U.S.
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Jack C. Landau, Who Fought for Rights of News Reporters, Is Dead at 74
New York Times | 22 hours 58 minutes ago
Landau called himself a “First Amendment guerrilla,” and used his education as a lawyer in advocacy for journalists around the country.
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Some Say Bailout of Housing Giants Is Inevitable
New York Times | 23 hours 13 minutes ago
Financial conditions are continuing to worsen at Fannie Mae and Freddie Mac, leading some investors to prepare for a government bailout of the housing giants.
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BAA set for break-up
Reuters UK | 23 hours 13 minutes ago
LONDON (Reuters) - Airports operator BAA is expected to be told on Wednesday that it must sell at least one of its seven airports, breaking up a monopoly that has stood for more than 40 years.
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Navistar-GM truck deal dissolves
Chicago Tribune | 23 hours 25 minutes ago
Navistar International Corp.'s tentative agreement to acquire General Motors Corp.'s medium-truck operation has run off the road because of significant marketplace and economic changes, the two companies disclosed Wednesday.
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Bloomberg Offers Windmill Power Plan
New York Times | 23 hours 27 minutes ago
Mayor Michael R. Bloomberg is seeking to put wind turbines on New York City’s bridges and skyscrapers and in its waters as part of a push to develop renewable energy.
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Lifestyles of the rich may be changing in downturn
Chicago Tribune | 23 hours 33 minutes ago
With discretionary income of more than $500,000, the wealthy don't appear to be worried about the economy, but there are signs some are cutting back
The rich don't whine so much about the economy. That makes i ...
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United to stop free meals overseas in coach
Chicago Tribune | 23 hours 33 minutes ago
United Airlines, struggling to curb losses from fuel prices, will become the first U.S. carrier to stop serving free meals in the coach cabin of some overseas flights.
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Expansion thins CNN's Chicago staff
Chicago Tribune | 23 hours 33 minutes ago
W hat CNN is calling expansion will mean reducing the number of staffers assigned to its bureau in Chicago by 25 percent, to nine from a dozen.
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Goodyear Tire to close 92 retail stores
Chicago Tribune | 23 hours 33 minutes ago
Goodyear Tire & Rubber Co., the largest U.S. tiremaker, said it will close 92 money-losing retail stores with about 500 full-time workers by the end of the year.
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Pessimism grows over U.S. housing giants' future
International Herald Tribune | 23 hours 36 minutes ago
Financial conditions are continuing to worsen at Fannie Mae and Freddie Mac, leading some investors to prepare for a government bailout of the housing giants.
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Asian stocks reverse course, edging higher
International Herald Tribune | 23 hours 36 minutes ago
Markets rebounded from a two-year low as Chinese shares surged on hopes for policies from Beijing to jump start growth, though many analysts said it was a long shot.
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A small empire built on cuddly and fuzzy branches out from the Web
International Herald Tribune | 23 hours 36 minutes ago
Given all the nastiness on the Internet — blog trolls, flame wars, vicious gossip, pornography, snark and spam — what better antidote is there than looking at pictures of cute animals?
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