Business News: Most Emailed

Last update: 8 days, 9 hours ago

GM buys its Detroit headquarters for $626 million 8 May 08, 23:41 ET AP - General Motors Corp. said Thursday that the shaky real estate market convinced the automaker that it was a good time to buy its previously leased headquarters in downtown Detroit's towering Renaissance Center for $626 million. more Citi mulls up to $400 billion asset sales: source 8 May 08, 22:35 ET Reuters - Citigroup Inc will present as much as $400 billion of "non-core" assets that can be sold by the bank when it meets investors and analysts on Friday, a person familiar with the situation said. more Insurer AIG has $7.8 bln Q1 loss, to raise capital 8 May 08, 20:10 ET Reuters - American International Group Inc , the world's largest insurer, posted its largest ever quarterly loss on Thursday after writing down assets linked to subprime mortgages, and said it would raise $12.5 billion to strengthen its balance sheet. more Grand Theft Auto IV Speeds Past Six Million Mark 8 May 08, 18:22 ET NewsFactor - Since its release on April 29, global sales of the Grand Theft Auto 'GTA IV' video game from Take-Two Interactive Software (Nasdaq: TTWO) have surpassed six million units, with an estimated retail value of more than $500 million in the first week. Over the first day alone, GTA IV sales were approximately 3.6 million units with a retail value of $310 million worldwide. more Stocks rise modestly even as oil extends record high run 8 May 08, 17:53 ET AP - Wall Street closed a quiet session with a moderate advance Thursday, with energy and other commodities companies leading the market as oil prices extended their record-breaking run. more AIG posts 1Q loss of $7.8B, plans to raise $12.5B in capital 8 May 08, 17:32 ET AP - American International Group Inc. said Thursday that it swung to a first-quarter loss of $7.81 billion because of losses tied to credit swaps and mortgage-related operations and that it plans to raise a total of $12.5 billion in new cash to shore up its capital base. more Insurer AIG posts 1st-quarter loss on write-downs 8 May 08, 16:48 ET Reuters - American International Group Inc , the world's largest insurer, posted its largest ever quarterly loss on Thursday and said it would raise $12.5 billion to fortify its balance sheet. more GM to pay up to $200M to help end American Axle strike 8 May 08, 16:38 ET AP - General Motors Corp. has agreed to kick in up to $200 million to help bring an end to a bitter 10-week strike at parts supplier American Axle and Manufacturing Holdings Inc. more Oil prices soar to new highs as OPEC says 'no shortage' 8 May 08, 16:12 ET AFP - Crude oil prices surged to new highs above 123 dollars Thursday in volatile trade after the OPEC cartel insisted the market was well-supplied and being driven by speculators. more Will love of mom overcome economy worries on Mother's Day? 8 May 08, 16:02 ET AP - It's a few days before Mother's Day and Robert Jenkins jumps every time the phone rings. more Venezuela's oil reserves swell to 130 bln barrels 8 May 08, 15:51 ET AFP - Venezuela's proven crude oil reserves had swelled to 130 billion barrels as of late April, marking a rise of 30 billion from its prior estimate, energy and oil minister Rafael Ramirez said Thursday. more Greenspan says worst of credit crisis over: sources 8 May 08, 15:37 ET Reuters - Former Federal Reserve Chairman Alan Greenspan said on Thursday that the worst of the credit crisis is over, according to sources who attended a speech he delivered in New York. more Bear Stearns says new suit seeks to block merger 8 May 08, 15:33 ET Reuters - Bear Stearns Cos Inc disclosed on Thursday that some shareholders want a federal judge to block the troubled investment bank's impending takeover by JPMorgan Chase & Co . more Rates on 30-year mortgages edge down slightly 8 May 08, 14:59 ET AP - Rates on 30-year mortgages edged down slightly this week, but remained above 6 percent for the third straight week. more MySpace to let users share profile across the Net 8 May 08, 14:47 ET Reuters - News Corp's (NWSa.N) MySpace social network will let users choose to share their public profile information, such as pictures, videos, and text, across the Web to spread its service beyond its own borders. more Cane surpasses power dams in Brazil energy complex 8 May 08, 14:41 ET Reuters - Sugar cane and cane-based ethanol became a more important energy source than hydroelectric power plants in Brazil's overall energy complex last year, topped only by petroleum and oil products. more FedEx holder sues board over contractor problems 8 May 08, 14:03 ET Reuters - A shareholder of FedEx Corp filed a lawsuit against the package delivery company's board on Thursday alleging the directors exposed the company to damages by misclassifying employees as contractors. more Delta Air Lines, American boost fuel charge by $20 roundtrip 8 May 08, 12:38 ET AP - Two of the three biggest U.S. carriers said Thursday they have again raised ticket prices, this time by $20 roundtrip, to recoup rapidly rising fuel costs. more Cablevision to launch wireless broadband network 8 May 08, 12:34 ET Reuters - Cablevision Systems Corp said on Thursday it plans to spend $350 million to build a wireless broadband network to serve its subscribers in the New York area. more Fortress posts loss, stock price falls 8 May 08, 12:27 ET Reuters - Fortress Investment Group LLC reported a quarterly loss on Thursday and its share price fell sharply after its hedge fund business suffered in turbulent market conditions. more Oil falls $1 after OPEC statement 8 May 08, 12:18 ET Reuters - Oil dropped over $1 on Thursday after a statement from OPEC said supply was sufficient and a shipping source said Saudi Arabia planned to raise spot market oil exports to the United States this month. more European Central Bank, Bank of England leave rates unchanged 8 May 08, 12:13 ET AP - The European Central Bank left its key interest rate steady at 4 percent on Thursday as the bank's president said inflation was expected to remain high. Britain's central bank kept its main rate unchanged at 5 percent. more Mobile Content: Translations Service Opens Up New World of Customers 8 May 08, 11:00 ET PRWeb - One of the online industry's premier translation service, PCITranslations.com, is proud to announce the official launch of Mobile-Translations.com. more Panama Real Estate Report Reveals Secrets For Retiring to Panama 8 May 08, 10:55 ET PRWeb - The tropical Republic of Panama has experienced unbridled growth in 2007 with a booming economy, nascent real estate market, and emerging pull for eco-tourism. But beyond the financial and leisure rewards, The Panama Real Estate Report reveals how travelers and investors are finding more, less-publicized allures. more Harley-Davidson Museum Announces Grand Opening Date 8 May 08, 10:40 ET PRWeb - Nearly 105 years in the making, the Harley-Davidson Museum, located near downtown Milwaukee, will open its doors to the public on Saturday, July 12. Grand Opening festivities will kick off with a Harley-Davidson-style ceremony at 10 a.m. and will continue throughout the weekend. more 'Crimeserver' Discovered with Treasure Trove of Stolen Data 8 May 08, 10:23 ET NewsFactor - Cybercriminals collect a treasure trove of data from Web surfers whose computers are infected with Trojans. That's all-too-common news these days, but a recent case shows that the problem is getting worse. Finjan Inc., which makes secure Web gateway products, discovered a server in Malaysia being used by hackers to store more than 1.4 gigabytes of stolen data. What surprised the Finjan researchers was that the data was stolen from businesses as well as individuals -- and it was amassed in just three weeks. more Consumers give stores some relief but still spend cautiously 8 May 08, 10:02 ET AP - Consumers gave some of the nation's retailers a little relief in April after months of dismal sales, gravitating toward discounters and wholesale clubs but generally still shying away from stores selling clothes and other non-necessities. more Now is the Time to Buy Stocks Says Radio Talk Show Host 8 May 08, 10:00 ET PRWeb - Popular radio talk show host and investment adviser Steve Peasley says now is the time to invest while people are afraid. The stock market itself is our best guide and it's giving us clues. We may be entering a period of stagflation, but there will be a turn around in the market. more Warner Music Group 2Q loss widens on increased expenses 8 May 08, 09:35 ET AP - Warner Music Group Corp., whose artists include R.E.M., Madonna and Green Day, said Thursday that higher costs and a shift to digital music resulted in a wider second-quarter loss and it suspended dividends. more Jobless claims post sharp decline 8 May 08, 09:03 ET AP - The number of newly laid off workers seeking unemployment benefits dropped much more than expected last week. more Nasdaq first-quarter profit surges on boost from OMX buyout 8 May 08, 08:42 ET AP - Nasdaq OMX Group said Thursday that its quarterly profit surged in its first combined reporting period that included Sweden's OMX stock exchange. more What's Behind My Measly Raise? 8 May 08, 08:08 ET BusinessWeek Online - I got a measly 3% raise at my recent performance review and I'm devastated. I was expecting at least 5%. My manager said I did a "good" job, and I'm not even sure what she meant by that. I'm sure the company is pinching pennies, but 3% won't even keep up with my rent increase. I don't want to look for another job, but I feel very insulted. Any tips for a bruised ego? more The Slump: It's a Guy Thing 8 May 08, 08:08 ET BusinessWeek Online - They eat from the same dishes and sleep in the same beds, but they seem to be operating in two different economies. From last November through this April, American women aged 20 and up gained nearly 300,000 jobs, according to the household survey of the Bureau of Labor Statistics (BLS). At the same time, American men lost nearly 700,000 jobs. You might even say American men are in recession, and American women are not. more Dynegy swings to 1Q loss as energy prices surge 8 May 08, 08:04 ET AP - Dynegy Inc. said Thursday it swung to a loss in the first quarter as market prices for power surged, causing accounting losses on some forward sales. more Best Buy puts $2.1 billion into European cell phone retailer 8 May 08, 07:55 ET AP - Best Buy Co. Inc., the biggest U.S. electronics retailer, is paying $2.1 billion for a 50 percent stake in Europe's largest cell phone retailer, the companies announced Thursday. more Futures point to rebound on Costco, Wal-Mart 8 May 08, 07:45 ET Reuters - Stocks looked set to rebound on Thursday as Costco Wholesale Corp and Wal-Mart Stores Inc were among retail chains posting higher-than-expected monthly sales figures. more Lobster boat builders pinched as catch drops, economy slows 8 May 08, 07:37 ET AP - For the first time in 24 years of building lobster boats, Wayne Beal doesn't have any job orders. more InBev profit drops on rising costs 8 May 08, 07:23 ET AP - InBev SA, the brewer of Stella Artois and Beck's, posted an unexpected 11 percent drop in its first-quarter profit on Thursday, blaming rising costs for ingredients and shipping and weak sales in Brazil, where it does half its business. more ChatThreads Releases Conversation Value™, a Measure of the Revenue Impact of Consumer Conversations 8 May 08, 06:30 ET PRWeb - ChatThreads announces the release of its Conversation Value™ metric, quantifying the bottom-line revenue impact of each conversation about a brand's product or service. more Toyota issues bleak profit forecasts on yen, U.S. woes 8 May 08, 06:13 ET Reuters - Toyota Motor Corp (7203.T) posted a bigger-than-expected 28 percent drop in quarterly net profit due to a stronger yen and sliding U.S. sales, and forecast its first annual profit decline in seven years. more Toyota reports 28 percent drop in fiscal 4th quarter profit 8 May 08, 05:54 ET AP - Toyota's profit for the January-March quarter sank 28 percent from the previous year as a strengthening yen and lagging North American sales chipped away at the Japanese automaker's earnings. more Oil prices steady in Asian trading after record near $124 8 May 08, 05:08 ET AP - Oil prices held steady Thursday in Asia after jumping to a record near $124 a barrel as investors captivated by the market's upward momentum seemed to ignore figures showing an increase in U.S. crude and gasoline supplies. more Softbank's annual net profit surges to record high 8 May 08, 04:31 ET AP - Softbank Corp.'s net profit nearly quadrupled to a record high last fiscal year on the strength of its rapidly expanding mobile business, the technology and Internet company said Thursday. more Carphone sells 50 percent retail stake to Best Buy 8 May 08, 03:51 ET Reuters - Britain's Carphone Warehouse will sell a 50 percent stake in its retail unit to U.S. electronics chain Best Buy for 1.1 billion pounds ($2.2 billion) and they will launch a new company to expand across Europe. more Oil companies agree to settle MTBE contamination lawsuits 8 May 08, 03:35 ET AP - At least two major oil companies said late Wednesday they have agreed to settle lawsuits over the use of the gasoline additive MTBE, a potential carcinogen that has been found in drinking water. more Virgin Media says added net 4,900 customers in first-quarter 8 May 08, 03:24 ET Reuters - Cable operator Virgin Media added a net 4,900 new customers for its services in the first quarter and said better customer retention and stabilizing revenue per customer left it positioned for growth. more The Right Time To Buy For The Investor Or The First Time Home Buyer 8 May 08, 03:01 ET PRWeb - Joff Olson says it is rht right time to buy in this down turn market. more Dietary Changes and GERD / Acid Reflux: The Latest Research 8 May 08, 03:01 ET PRWeb - In this recent Health Alert, Johns Hopkins reviews the latest research from The Archives of Internal Medicine on diet and GERD, which suggests that contrary to common advice, dietary changes alone will not improve symptoms of GERD, such as heartburn or acid reflux. more Restaurant Bootcamp Offers Education to Restaurant Industry 8 May 08, 03:01 ET PRWeb - Restaurant Industry Conference slated May 13 in San Francisco at Fort Mason. The conference targets new and seasoned restaurant owners, managers and chefs. Day includes seminars, roundtables, a Women's panel of restaurateurs and Create the Buzz panel with members of print, broadcast and new media. more

Archives: [May, 09] [May, 08] [May, 07] [May, 06] [May, 05] [May, 04] [May, 03] [May, 02]