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Wealthy buyers go online to make big savings 14 Apr 08, 23:20 ET FT.com - Luxury brands and retailers have recognised that their most affluent customers are enthusiastically using the internet. In its holiday season quarter, for example, Neiman Marcus, the quintessential US luxury fashion store, reported an 18 per cent increase in online sales from the previous three months to $305m, or 12 per cent of its total revenues. more MGM Mirage fires 400 managers 14 Apr 08, 22:34 ET AP - MGM Mirage Inc., the largest casino operator on the Las Vegas Strip, told more than 400 middle management employees Monday they would be terminated immediately in a cost-saving move, the company said. more Bear Stearns 1st-quarter profit falls 79 percent 14 Apr 08, 21:18 ET Reuters - Bear Stearns Cos said on Monday profit fell 79 percent in its fiscal first quarter, ahead of a liquidity crisis that led to the investment bank's purchase by JPMorgan Chase & Co . more Japan economics minister says U.S. recession fears rising 14 Apr 08, 21:02 ET Reuters - Concern that the U.S. economy will slip into a recession is rising, Japanese Economics Minister Hiroko Ota said on Tuesday, adding that any impact on the Japanese economy will depend on how long the U.S. downturn lasts. more Delta and Northwest agree to combine 14 Apr 08, 20:56 ET AP - Delta Air Lines Inc. and Northwest Airlines Corp., squeezed by record high fuel prices and a slowing economy, are combining in a stock-swap deal that would create the world's biggest carrier. more Delta and Northwest to merge 14 Apr 08, 20:54 ET Reuters - Delta Air Lines Inc and Northwest Airlines Corp said on Monday that they have agreed to merge in a deal valued at more than $3 billion that would create the world's largest airline. more Chrysler and Nissan unveil production alliance 14 Apr 08, 20:32 ET Reuters - Chrysler LLC and Nissan Motor Co Ltd (7201.T) unveiled a production alliance on Monday that gives the U.S. automaker the small car it lacks and allows the Japanese company to stay in the competitive full-size U.S. pickup truck market. more Chrysler, Nissan unveil production alliance 14 Apr 08, 19:39 ET Reuters - Chrysler LLC and Nissan Motor Co Ltd (7201.T) unveiled a production alliance on Monday covering small cars and full-size pickup trucks. more Continental and United ready if others merge: sources 14 Apr 08, 19:29 ET Reuters - Continental Airlines and United Airlines have laid most of the groundwork for a merger, two people briefed on the matter said, and could have a deal ready "pretty quickly" if Delta Air Lines and Northwest Airlines announce a tie-up, one of them said. more Stocks end lower amid earnings concerns 14 Apr 08, 17:55 ET AP - Stocks finished a quiet session moderately lower Monday as investors grappled with concerns about the health of corporate profits after Wachovia Corp. posted disappointing quarterly results. more Dollar struggles despite retail sales rebound 14 Apr 08, 17:49 ET AFP - The US dollar was generally weaker on foreign exchange markets Monday despite a better-than-expected rebound in retail sales last month. more Wal-Mart toughens gun policies 14 Apr 08, 16:37 ET AP - Wal-Mart, the nation's largest seller of firearms, announced Monday it will toughen rules for gun sales, from storing video of purchases to creating an internal log of which guns they sell that are later used in crimes. more STMicroelectronics and NXP Meld Wireless Businesses 14 Apr 08, 16:36 ET NewsFactor - Europe-based chipmakers STMicroelectronics and NXP Semiconductors have agreed to combine key wireless operations that were collectively responsible for generating $3 billion in revenue during 2007. more Psystar Offers a Mac Clone, OpenMac, for $399 14 Apr 08, 16:35 ET NewsFactor - Move over Mac. You've been cloned, or at least a company called Psystar says you have. Psystar claims to be "reinventing the wheel" with what it calls an OpenMac -- for $399. more Berkshire says General Re CEO Brandon resigns 14 Apr 08, 16:22 ET Reuters - Warren Buffett's Berkshire Hathaway Inc (BRKa.N) (BRKb.N) said Joseph Brandon resigned Monday as chairman and chief executive of its General Re Corp unit, less than two months after a jury convicted four former executives of the reinsurer of fraud. more Ford cutting North American engineering costs 14 Apr 08, 16:18 ET Reuters - Ford Motor Co expects to cut its engineering costs in North America by 30 percent under its broad plan to cut complexity and improve global sourcing of materials and development, the automaker's product development chief said at a conference on Monday. more Food costs rising fastest in 17 years 14 Apr 08, 16:10 ET AP - Steve Tarpin can bake a graham cracker crust in his sleep, but explaining why the price for his Key lime pies went from $20 to $25 required mastering a thornier topic: global economics. more Online Petition Favors Windows XP Over Vista 14 Apr 08, 15:58 ET NewsFactor - Windows may or may not be collapsing, as two Gartner Group analysts indicated last week, but Microsoft is receiving substantial pushback against Windows Vista. With less than three months left until Microsoft says it will stop selling and supporting most versions of Windows XP, will customers be forced into an operating system they don't want -- or is Microsoft facing a customer revolt of stunning proportions? more Bayou's boss sentenced to 20 years in prison 14 Apr 08, 15:24 ET Reuters - A U.S. judge sentenced the "mastermind" behind the collapsed hedge fund Bayou Group to 20 years in prison on Monday, a sentence that reflects the big losses suffered by investors in the $400 million fund. more Brazil oil field could be huge find 14 Apr 08, 15:21 ET AP - A deep-water exploration area could contain as much as 33 billion barrels of oil, an amount that would nearly triple Brazil's reserves and make the offshore bloc the world's third-largest known oil reserve, a top oil official said Monday. more AP cuts prices, announces mobile product 14 Apr 08, 13:54 ET AP - The Associated Press announced Monday it will further cut fees paid by struggling newspaper members and will develop an advertising-supported service that will deliver stories and photos to advanced cell phones, including the iPhone. more The Short View: Japanese inflation 14 Apr 08, 13:50 ET FT.com - Japanese inflation is back, with consumer inflation now more than 1 per cent for the first time this decade. That should be a cause for rejoicing. Since 1990, the Japanese economy has, after all, been bedevilled by deflation, a symptom of the lack of economic activity. more Report highlights Fannie, Freddie risks 14 Apr 08, 12:36 ET AP - A deep recession could force mortgage-finance titans Fannie Mae and Freddie Mac to require a federal bailout large enough to hurt the U.S. government's top-grade credit rating, Standard & Poor's warned Monday. more Oil rises on U.S. retail sales increase 14 Apr 08, 11:51 ET Reuters - Oil prices jumped on Monday on an unexpected rise in U.S. gasoline sales in March, which pushed the country's overall retail sales higher for the month. more Gas prices could pass $3.50 in weeks 14 Apr 08, 11:49 ET AP - Gas prices fluctuated over the weekend but appear poised to resume their relentless trek toward a record high milestone of $3.50 a gallon. Forecasts call for gas to peak as high as $3.65 within a month. more Deutsche Bank aims to sell $20 billion in debt: report 14 Apr 08, 11:47 ET Reuters - Deutsche Bank AG (DBKGn.DE) aims to sell as much as $20 billion of debt related to leveraged buyouts to investors that include private equity firms, The Wall Street Journal reported on Sunday. more March retail sales unexpectedly rise 0.2 percent 14 Apr 08, 11:32 ET Reuters - U.S. retail sales unexpectedly rose in March as consumers had to dig deep to cover record high gasoline costs, according to a government report on Monday that did little to dispel the gloom hanging over the economy. more Retail sales post modest gain in March 14 Apr 08, 11:17 ET AP - Consumers, beset by a credit crunch, rising energy and food costs and a prolonged housing slump, stayed away from the malls in March. Retail sales posted only a small increase after a big drop in February. more CEO of Berkshire's Gen Re resigns 14 Apr 08, 10:56 ET AP - The chief executive officer of General Re Corp. is resigning amid reports that federal prosecutors were pushing for his removal. more Wachovia posts surprise loss, raises $7 billion 14 Apr 08, 10:51 ET Reuters - Wachovia Corp posted a surprising first-quarter loss on Monday as credit problems from mortgages and other debt soared, prompting the fourth-largest U.S. bank to raise $7 billion of capital, slash its dividend and cut jobs. more Crisis to affect markets for a decade: JP Morgan 14 Apr 08, 10:48 ET Reuters - The financial crisis will affect market structure and pricing for at least a decade and lead to greater regulatory powers for central banks in areas at the centre of the turmoil, analysts at JP Morgan said. more Wachovia posts 1Q loss, to raise $7B 14 Apr 08, 10:26 ET AP - Wachovia Corp. will slash its dividend and raise $7 billion in a share sale after reporting a surprise first-quarter loss on Monday of $393 million. The company's shares fell more than 10 percent. more Market flat as data offsets Wachovia loss 14 Apr 08, 10:21 ET Reuters - Stocks were little changed on Monday after a surprise gain in March retail sales offset news that Wachovia Corp , the fourth-largest U.S. bank, reported an unexpected quarterly loss. more Manitowoc agrees to buy Enodis for $1.9B 14 Apr 08, 09:42 ET AP - U.S.-based heavy equipment maker Manitowoc Company Inc. will buy British food service equipment supplier Enodis PLC for $1.9 billion, the companies said Monday. more World Bank leader urges action on food 14 Apr 08, 08:45 ET AP - The president of the World Bank urged immediate action to deal with mounting food prices that have caused hunger and deadly violence in several countries. more Squeezed by Rising Food Costs 14 Apr 08, 08:08 ET BusinessWeek Online - Twice a month, Kathy Nuthall does the math on food vs. gas costs: Shop for groceries near home in Warwick, N.Y., or drive nearly an hour round-trip to a Wal-Mart Supercenter in Monroe, a village in the Catskill Mountain foothills. With food prices surging, Wal-Mart has been winning that decision. "I just think that it's smart. The food is the same, but I'm saving more here," says Nuthall, who concedes that even with Wal-Mart's pricing muscle her grocery bill has been creeping higher in recent months. more Peter Drucker's Winning Team 14 Apr 08, 08:08 ET BusinessWeek Online - In the summer of 1985, an executive named Peter Bavasi pored over a Harvard Business Review article by Peter Drucker in which the great management thinker described the "widow maker" -- a job so inherently impossible that it was apt to defeat even the best and brightest. more TV sales in US drag Philips 1Q 14 Apr 08, 06:58 ET AP - Royal Philips Electronics NV reported a sharp drop in first-quarter profits Monday, with falling television sales in North America offsetting growth in its health care and lighting industries. more Fewer large corporations audited by IRS 14 Apr 08, 06:27 ET AP - The tax audit rates of the largest companies are less than half what they were 20 years ago while more small and mid-size businesses are coming under scrutiny, according to an organization that monitors the Internal Revenue Service. more Moth spraying's impact worries some 14 Apr 08, 06:26 ET AP - As the state prepares to spray the San Francisco Bay Area with pesticides to fight an invasive moth, local officials are worrying not only about the potential impact on human health, but on local commerce as well. more Blockbuster offers to buy Circuit City 14 Apr 08, 03:58 ET Reuters - Blockbuster Inc, the No. 1 U.S. movie rental chain, said on Monday it has offered to buy electronics retailer Circuit City Stores Inc in an all-cash offer in the range of $6 per share to $8 per share. more GE and weak U.S. knock stocks despite dollar gain 14 Apr 08, 00:33 ET Reuters - Asian shares lurched lower on Monday as a nasty earnings surprise from General Electric Co and a 26-year low in U.S. consumer sentiment drowned out the Group of Seven nation's support for the dollar. more AOL lands Verizon advertising deal 14 Apr 08, 00:15 ET Reuters - Time Warner Inc's AOL landed one of its biggest advertising deals since the division's restructuring as the sole representative of telephone company Verizon Communications Inc's online advertising inventory. more

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