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Business News: Most Emailed
Last update: 267 days, 10 hours ago
 
Report: Wachovia to get $7B investment
13 Apr 08, 21:24 ET
AP - Wachovia Corp. said Sunday it will move up the release of its first-quarter financial results, an announcement that closely followed a report that the nation's fourth-largest bank is about to get a multibillion-dollar cash infusion.
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Wachovia to get capital infusion: WSJ
13 Apr 08, 20:58 ET
Reuters - Wachovia Corp may get a capital infusion of roughly $6 billion to $7 billion from outside investors, The Wall Street Journal said on Sunday.
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Oil slides below $110 as dollar gains on G7 talk
13 Apr 08, 19:45 ET
Reuters - Oil prices fell below $110 a barrel on Monday, backing further down from last week's record high as the dollar gained following an unexpected warning from the Group of Seven against excessive currency fluctuations.
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Wachovia reportedly to get capital infusion
13 Apr 08, 19:40 ET
Reuters - Wachovia Corp may get a capital infusion of several billion dollars from outside investors, The Wall Street Journal said on Sunday.
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Delta, Northwest merger pact imminent: source
13 Apr 08, 18:13 ET
Reuters - Delta Air Lines and Northwest Airlines aim to finalize a merger agreement within days to create the world's largest airline, a source familiar with the situation said on Sunday.
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Delta, Northwest near announcement
13 Apr 08, 17:53 ET
AP - Delta and Northwest could announce a combination as early as Tuesday that would create the world's biggest airline, but pilot contract issues still loomed and there was no guarantee the deal would move ahead, three people familiar with the talks said Sunday.
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American Axle makes new offer to UAW
13 Apr 08, 17:24 ET
AP - Striking United Auto Workers union members are considering a new contract offer from American Axle and Manufacturing Holdings Inc. as bargaining continued through the weekend aimed at ending a seven-week strike over company demands for deep pay cuts.
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Newspaper vendors worry about downturn
13 Apr 08, 15:40 ET
AP - As newspaper publishers build up their online operations and struggle through an advertising slump, one group is worried about being left behind - the folks who make printing presses and other equipment used to make newspapers.
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World leaders show unity as credit crisis drags on
13 Apr 08, 14:50 ET
Reuters - World finance leaders concluded a whirlwind weekend with a new plan to clean up banks and fresh resolve to rein in foreign exchange markets, but little hope that the credit crisis was nearing an end.
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Investors await bank earnings this week
13 Apr 08, 14:26 ET
AP - Investors knew the first three months of the year were bad for companies, but now it looks like they were downright abysmal - and that there might be more pain to come. With the nation's banks releasing their quarterly results this week, anxiety has returned to the stock market.
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Groups press for WaMu board ouster
13 Apr 08, 14:20 ET
AP - Activist shareholders' attempts to unseat several Washington Mutual Inc. board members will come to a vote Tuesday when the thrift, badly battered by the subprime mortgage crisis, holds its annual meeting and reports what are expected to be abysmal first-quarter results.
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Restaurant recycles more than its menu
13 Apr 08, 13:48 ET
AP - In the Upper Midwest, you can't call your restaurant a supper club without conjuring certain associations.
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Old planes + maintenance audit delays
13 Apr 08, 13:44 ET
AP - Rigorous airline maintenance audits recently ordered by federal regulators are likely to yield the most headaches for travelers flying Northwest, American and United airlines.
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35 firms OK'd to bid on Iraq oil deals
13 Apr 08, 13:30 ET
AP - Thirty-five international oil companies have qualified to bid for future oil and gas contracts to develop one of the world's largest oil fields, an Iraqi oil ministry statement said Sunday.
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Rising food price crisis grips World Bank meeting
13 Apr 08, 11:57 ET
AFP - The World Bank met here Sunday faced with a mounting food price crisis that has sparked deadly unrest in developing countries, underscoring the urgency of fighting hunger and poverty.
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Stocks face wild ride with banks and CPI
13 Apr 08, 11:39 ET
Reuters - The rocky ride for the stock market may intensify this week if earnings reports from JPMorgan Chase , Merrill Lynch , Citigroup and other large banks and financial services companies rattle investors already concerned about a U.S.-led economic slowdown.
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Credit Suisse may make 5 billion Sfr writedowns: report
13 Apr 08, 11:24 ET
Reuters - Credit Suisse could announce further writedowns of up to 5 billion Swiss francs ($4.99 billion) when it posts its first-quarter results later this month, Swiss media reported over the weekend.
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American returns all MD-80s to service
13 Apr 08, 11:14 ET
AP - American Airlines on Saturday received clearance from federal aviation officials to return all of its 300 grounded jets to service, an airline spokesman said.
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Siemens says SEC probe to take time: paper
13 Apr 08, 11:12 ET
Reuters - Siemens AG's (SIEGn.DE) compliance chief expects an investigation by U.S. authorities into corruption at the company will some take time, though he is confident about the outcome, Tagesspiegel newspaper reported.
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Focus on world food prices, market woes
13 Apr 08, 10:18 ET
AP - Finance ministers and central bankers are focusing their spring meetings on ways to deal with the unfolding financial crisis that has roiled economies around the world and led to higher food and energy prices.
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UBS CEO says the bank is over the worst: report
13 Apr 08, 06:07 ET
Reuters - Swiss bank UBS is over the worst of its problems and is strong enough to manage its risks and positions, the group's chief executive was quoted as saying on Sunday.
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Going Green Saves More Than Just the Environment
13 Apr 08, 03:01 ET
PRWeb - Sea wolf's products and services are as economically advantageous as they are ecologically sound.
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Merrill, CLSA raising big Asian property funds
13 Apr 08, 02:06 ET
Reuters - U.S. investment bank Merrill Lynch and Asian brokerage CLSA are separately raising investment funds focused on Asian property, indicating continued confidence in the region's economies, executives from the two companies said at the weekend.
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