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Mortgage legend says price slump deeper than seems 28 Apr 08, 23:40 ET Reuters - The man credited with developing the financing of the modern U.S. mortgage industry says home values have fallen more than their listed prices suggest but they could hold steady with the help of a bill in Congress. more FDA seeks more information from Merck for cholesterol drug 28 Apr 08, 19:53 ET AP - A Merck & Co. experimental drug has been rejected by the U.S. Food and Drug Administration for the second time in four days. more As economy slows, is any area really `recession-proof'? 28 Apr 08, 19:51 ET AP - The catering business isn't what economists would call "recession-proof." Luckily for J.W. Walton, most of his biggest clients are. more Paulson says no interest in second stimulus plan 28 Apr 08, 19:10 ET Reuters - Treasury Secretary Henry Paulson said on Monday that he was focused on getting economic stimulus payments to consumers quickly to boost the economy and had no interest in a second stimulus plan. more GM to lay off 3,500 at 4 pickup truck and SUV factories 28 Apr 08, 18:57 ET AP - Sagging pickup truck and sport utility vehicle sales have forced General Motors Corp. to shut down one shift each at four North American factories and lay off about 3,500 workers. more Judge paves way for Mattel to sue Bratz inventor 28 Apr 08, 18:31 ET Reuters - A federal judge in California has cleared the way for Barbie doll maker Mattel Inc to go forward with its lawsuit against ex-employee and Bratz dolls inventor Carter Bryant. more Stocks finish little changed ahead of Fed rate meeting 28 Apr 08, 17:15 ET AP - Wall Street finished little changed Monday as investors turned cautious ahead of the Federal Reserve's two-day policy meeting, which starts Tuesday. more Tyson Foods reports $5M loss for 2Q 28 Apr 08, 17:01 ET AP - Tyson Foods Inc. served notice Monday that its customers will be paying more for their food products because the world's largest meat producer foresees spending as much as $1 billion more than last year due to skyrocketing grain costs. more Visa shares fall as quarterly results rise 28 Apr 08, 16:50 ET Reuters - Visa Inc , the world's largest credit card network, said on Monday that quarterly earnings rose, helped by declining tax expense, but the company's shares fell in after-market trading. more Blackberry Faces a Strong Challenge From the iPhone 28 Apr 08, 16:42 ET NewsFactor - Apple's iPhone has dramatically shaken up the smartphone market -- especially the leader, Research in Motion. In just the last three months of 2007, smartphone shipments shot up 60 percent from a year ago, according to industry research firm IDC. And RIM doubled sales of the Blackberry, adding 6.5 million subscribers in its last fiscal year, double the previous year. more U.S. 1st quarter growth seen weakest since 2002 28 Apr 08, 16:36 ET Reuters - The U.S. economy braked sharply in the first quarter, growing at its slowest pace in over five years as consumers curbed spending and jobs disappeared, a Reuters poll forecast. more UAL and US Air merger talks advance: sources 28 Apr 08, 16:26 ET Reuters - UAL Corp and US Airways Group Inc are in advanced merger talks prompted by Continental Airlines Inc's decision this weekend to walk away from similar talks with UAL, sources with knowledge of the matter said on Monday. more BofA to expand efforts to help Countrywide borrowers 28 Apr 08, 15:40 ET AP - Bank of America Corp. will expand efforts to help Countrywide Financial Corp. borrowers avoid foreclosure on trouble mortgages, a top bank executive said Monday. more Coal price hikes boost electric rates, more increases coming 28 Apr 08, 15:39 ET AP - Consumers struggling with high gas prices, rising food costs and falling home values have something new to worry about: Sharply rising electricity rates due to a surge in coal prices over the past year. more Take-Two shares rise amid rave reviews for GTA4 28 Apr 08, 14:14 ET Reuters - Criminal action video game "Grand Theft Auto 4" won near-perfect praise in early reviews on Monday, boosting the shares of publisher Take-Two Interactive Software Inc as much as 3.4 percent ahead of the game's midnight launch. more Swiss bank UBS to cut 8,000 jobs: report 28 Apr 08, 11:53 ET AFP - Swiss banking giant UBS on Monday declined comment on a report which claimed that the group, currently the worst-hit financial institution by the subprime home loan crisis, would cut 8,000 jobs. more AP source: United, US Airways in 'very advanced' combo talks 28 Apr 08, 11:50 ET AP - United Airlines and US Airways are in very advanced talks with the expectation of announcing within two weeks that they are combining, a person close to the negotiations told The Associated Press on Monday. more Insight: No bubbles, just fundamentals 28 Apr 08, 11:25 ET FT.com - Some argue that there is a bubble in commodity markets because prices remain strong even as US economic conditions worsen and credit markets tighten. more Buffett says recession may be worse than feared 28 Apr 08, 11:09 ET Reuters - Warren Buffett, the world's richest person, said on Monday the U.S. economy is in a recession that will be more severe than most people expect. more Morgan Stanley see big bank woes just beginning 28 Apr 08, 10:45 ET Reuters - Morgan Stanley analysts on Monday told clients to "sell the rally" in financial stocks, slashing forecasts for big bank earnings and warning that the current credit crunch is only just beginning. more U.S. slims down after bloated credit: Pimco 28 Apr 08, 09:59 ET Reuters - Consumers, banks and financial companies are "slimming down" after a bloated era of easy credit, but face an extended period of fixing their finances, Pacific Investment Management Co said in a new report. more Oil sets new record near $120 28 Apr 08, 09:49 ET Reuters - Oil hit a new record near $120 a barrel on Monday, boosted by a string of bullish factors that include big disruptions to Nigeria's output and a UK refinery strike, highlighting anxieties over threats to supply. more Kerkorian seeks to boost Ford stake, citing solid turnaround 28 Apr 08, 09:29 ET AP - Billionaire Kirk Kerkorian plans to make an offer that would expand his stake in Ford Motor Co. to 5.6 percent, saying Monday he sees signs the automaker's turnaround plan is working. more Wall Street eyes flat open after M&A, oil 28 Apr 08, 09:22 ET Reuters - Stocks were set to open little changed on Monday as news of a proposed $23 billion takeover of chewing gum maker Wm Wrigley Jr Co offset worries about record oil prices and concerns about the economy. more Mars and Buffett team up to buy Wrigley 28 Apr 08, 09:06 ET Reuters - M 's candy maker Mars Inc has teamed up with billionaire Warren Buffett to buy Wm Wrigley Jr Co , the world's largest chewing gum maker, for $23 billion, creating the world's largest confectionary company. more Verizon profit rises on subscriber growth 28 Apr 08, 09:03 ET Reuters - Verizon Communications Inc reported on Monday a higher quarterly profit on stronger-than-expected growth in wireless subscribers, showing resilience in the face of a U.S. economic slowdown. more Tax rebates start going out today, earlier than planned 28 Apr 08, 08:15 ET AP - Tax rebates will start going out today, earlier than previously announced. President Bush announced the change in schedule on Friday. more Cars for Big Families on a Budget 28 Apr 08, 08:08 ET BusinessWeek Online - You've got two kids and just found out another is on the way. If you're like most families, that means it's time for a bigger car -- which is the last thing most parents want to think about these days. more Global stocks rally, oil near $120 a barrel 28 Apr 08, 07:42 ET Reuters - Increasing confidence that the worst of the credit crisis is over boosted world stocks on Monday while inflation concerns grew with oil prices heading towards $120 a barrel. more Medicare Advantage drives Humana profit above expectations 28 Apr 08, 07:38 ET AP - Health insurer Humana Inc. reported a 12.5 percent rise in its first-quarter profit Monday as growth in its Medicare Advantage and commercial businesses more than offset an expected decline in its stand-alone Medicare prescription drug plans. more Billionaire Kerkorian plans to increase stake in Ford Motor 28 Apr 08, 07:32 ET AP - Billionaire Kirk Kerkorian's company says it plans to make a cash offer of $8.50 per share for up to 20 million shares of Ford Motor Co. more Vietnam seeks to calm rice-buying binge 28 Apr 08, 06:26 ET Reuters - Vietnam moved to quell panic over rice supplies on Monday, banning speculation in the market after a "chaotic" buying binge at the weekend highlighted growing global fears about food security. more OPEC president sees $200 oil possible: report 28 Apr 08, 05:59 ET Reuters - OPEC President Chakib Khelil does not rule out oil prices reaching $200 a barrel, even though supply is adequate, because the market is driven by the dollar's slide, Algerian government newspaper El Moudjahid reported on Monday. more Fed poised to cut rates; may take a break after that 28 Apr 08, 03:56 ET AP - Battling risky economic crosscurrents, the Federal Reserve is ready to bump down a key interest rate again to brace the wobbly economy. That rate cut could turn out to be the last one for a while as zooming energy and food prices heighten inflation concerns. more Oil nears $120 on supply concerns 28 Apr 08, 03:35 ET AP - Oil prices hit an all-time high near $120 a barrel Monday after a weekend refinery strike closed a pipeline system that delivers a third of Britain's North Sea oil to refineries in the U.K. more Help For All US Navy Mesothelioma Victims From Asbestos Exposure 28 Apr 08, 03:01 ET PRWeb - If you are a victim of Mesothelioma, a family member, or friend of a victim, Americas Watchdog is there for you. more Chrysler looking to sell two axle plants: report 28 Apr 08, 02:13 ET Reuters - Chrysler LLC is seeking buyers for two Michigan axle plants as it tries to back away from producing auto parts in-house, the Wall Street Journal reported on Monday, citing people familiar with the matter. more Mars and Berkshire near pact to acquire Wrigley: report 28 Apr 08, 01:18 ET Reuters - Mars Inc and Berkshire Hathaway Inc (BRKa.N) were close to an agreement to buy Wm. Wrigley Jr. Co for more than $22 billion, the Wall Street Journal reported on Monday, citing people familiar with the matter. more

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