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| Last update: 8 days, 8 hours ago |
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| Chrysler unleashes Dodge Challenger into an uncertain market |
8 May 08, 23:59 ET |
|
| AP - The 2008 Dodge Challenger began rolling off the assembly line Thursday into an uncertain market that could embrace the nostalgic muscle car or reject it for its gas-guzzling excess. |
| more |
| Western states rebuff plan for Italian nuclear waste in Utah |
8 May 08, 23:57 ET |
|
| AP - Eight Western states on Thursday rejected a company's plan to ship tons of radioactive waste from Italy for disposal in Utah, saying importing foreign loads would violate the group's rules. |
| more |
| 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 |
| Hyundai halts U.S. pickup truck plan on oil prices |
8 May 08, 22:42 ET |
|
| Reuters - Hyundai Motor Group, the world's
sixth-largest automaker, said on Friday it had shelved plans to
produce a pickup truck in the United States amid concerns
surging oil prices will hit demand for gas-guzzling vehicles. |
| 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 |
| GM offers $200 million in bid to end Axle strike |
8 May 08, 19:07 ET |
|
| Reuters - General Motors Corp on Thursday
has offered American Axle & Manufacturing Holdings $200
million in a bid to clinch a speedy resolution of a strike
against a key supplier that has run for more than two months. |
| more |
| Facebook Strikes Deal To Beat Bad Guys, Keep Kids Safe |
8 May 08, 18:43 ET |
|
| NewsFactor - Facebook announced Thursday an agreement with 49 state attorneys general and the District of Columbia to implement new steps against sexual predators. Only the Texas attorney general refused to sign the agreement. |
| 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 |
| 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 |
| Warner Music Group 2Q loss widens on increased expenses |
8 May 08, 16:47 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 |
| 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 |
| Intel Has a Lot Riding on Clearwire WiMAX Gamble |
8 May 08, 16:29 ET |
|
| NewsFactor - The joint WiMAX effort of Clearwire and Sprint Nextel that floundered last year has risen like a phoenix from the ashes, thanks to a $3.2 billion cash infusion from Comcast, Intel Capital, Time Warner Cable, Google and Bright House Networks. |
| more |
| Internet Archive Challenges FBI Data Demand and Wins |
8 May 08, 16:28 ET |
|
| NewsFactor - In November 2007, Internet Archive founder Brewster Kahle received an unwelcome letter with a return address for the Federal Bureau of Investigation. |
| more |
| Best Buy teams up with leading European cell phone retailer |
8 May 08, 16:19 ET |
|
| AP - Consumer electronics chain Best Buy Co. Inc. is establishing a foothold in the European market with a $2.1 billion investment in the continent's largest cell phone retailer, allowing the American company to roll out its trademark big box stores in Europe, the companies said Thursday. |
| 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 |
| Rice futures jump on worries over Myanmar supply; Oil falls |
8 May 08, 14:47 ET |
|
| AP - Rice futures surged Thursday on worries that devastation to Myanmar's rice-growing heartland could lead to widespread shortages, worsening the global food crisis. |
| 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 |
| Ford tells shareholders turnaround gaining traction |
8 May 08, 14:44 ET |
|
| Reuters - Ford Motor Co's
turnaround has moved quicker than expected, Executive Chairman
Bill Ford Jr. told shareholders at the automaker's annual
meeting on Thursday, giving unqualified praise to Chief
Executive Alan Mulally's leadership. |
| 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 |
| Top 3 air carriers boost fuel charge by $20 roundtrip |
8 May 08, 14:34 ET |
|
| AP - 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 |
| Will love of mom overcome economy worries on Mother's Day? |
8 May 08, 14:04 ET |
|
| AP - It's a few days before Mother's Day and Robert Jenkins jumps every time the phone rings. |
| more |
| Best Buy puts $2.1 billion into European cell phone retailer |
8 May 08, 12:46 ET |
|
| AP - Best Buy, the largest U.S. consumer electronics chain, has moved into Europe with a $2.1 billion investment in the continent's largest cell phone retailer, the companies announced Thursday. |
| 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 |
| Fed, FTC propose new rules on poor-credit notices |
8 May 08, 12:05 ET |
|
| Reuters - Lenders would be required to tell
consumers when they are being offered less favorable terms
based on poorer credit scores under new rules proposed on
Thursday by the Federal Reserve and the Federal Trade
Commission. |
| more |
| Cablevision adds subscribers |
8 May 08, 11:18 ET |
|
| Reuters - Cablevision Systems Corp on
Thursday posted an unexpected quarterly gain in cable
subscribers, but its shares fell as it outlined new spending
plans on a high-speed wireless Internet network. |
| more |
| Stocks fluctuate as April retail sales reports arrive |
8 May 08, 10:32 ET |
|
| AP - Wall Street wavered Thursday as investors sifted through sales figures from retailers that were generally not as gloomy as anticipated, but that still suggested that rising costs are causing consumers to alter their spending. |
| 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 |
| Jobless claims fall 18,000 in latest week |
8 May 08, 09:02 ET |
|
| Reuters - The number of U.S. workers filing
claims for initial jobless benefits fell more than expected
last week, according to a report on Thursday that suggested the
labor market, while soft, was not deteriorating rapidly. |
| more |
| Consumers give stores some relief but still spend cautiously |
8 May 08, 08:52 ET |
|
| AP - Consumers gave some of the nation's retailers a little relief in April following months of dismal sales, but business was helped along by heavy discounting that could hurt fiscal first-quarter earnings. |
| more |
| Shoppers go after bargains in April |
8 May 08, 08:33 ET |
|
| Reuters - Apparel chains struggled through
another dismal month in April as they tried to bring in
cash-strapped shoppers, but discounters fared well as consumers
hungered for bargains to buy necessities. |
| 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 |
| Oil hovers at $123, focus on dollar, stocks |
8 May 08, 08:08 ET |
|
| Reuters - Oil slipped on Thursday on profit-taking
after hitting a record of nearly $124 as traders weighed a rise
in the dollar to a two-month high against news of a fall in
U.S. diesel stockpiles. |
| more |
| ECB, BoE leave key interest rates unchanged |
8 May 08, 07:56 ET |
|
| AP - The European Central Bank and the Bank of England are leaving their key interest rates steady. |
| 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 |
| Wal-Mart same-store sales top Wall Street expectations |
8 May 08, 07:45 ET |
|
| AP - Wal-Mart Stores Inc. says sales of groceries and items such as flat-screen TVs boosted its same-store sales in April above Wall Street expectations. |
| 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 |
| Oil price holds near record highs |
8 May 08, 06:48 ET |
|
| AFP - Oil prices held near record levels Thursday after gains overnight to nearly 124 dollars as speculators dived into a market concerned about potential supply disruption, traders said. |
| more |
| Oil steady after record near $124, with bulls in control |
8 May 08, 06:24 ET |
|
| AP - Oil prices held steady Thursday after jumping to a record near $124 a barrel in the previous session, as investors captivated by upward momentum seemed to ignore indications of growing U.S. crude and gasoline supplies. |
| 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 |
| Worker productivity up at 2.2 percent rate in first quarter |
8 May 08, 05:41 ET |
|
| AP - Worker productivity rose by a better-than-expected amount in the first three months of the year while labor cost pressures eased. |
| 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 |
| AP Interview: Paulson says credit crisis may be fading |
8 May 08, 03:42 ET |
|
| AP - The worst of the nation's credit crisis may have passed, Treasury Secretary Henry Paulson said Wednesday, though he acknowledged rising gas prices will blunt the effect of 130 million economic stimulus checks. |
| more |
| Consumer borrowing unexpectedly surges in March |
8 May 08, 03:40 ET |
|
| AP - Consumer borrowing rose in March at the fastest pace in four months, more than double the increase of the previous month, in what was seen as a sign of rising economic stress. |
| 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 |
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