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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 Russian oil production has peaked: Lukoil executive 14 Apr 08, 21:35 ET AFP - Russian oil production peaked last year, the vice-president of Lukoil, the country's second largest oil group, said in an interview published Tuesday. 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 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 Chrysler and Nissan unveil production alliance 14 Apr 08, 18:11 ET Reuters - Chrysler LLC and Nissan Motor Co Ltd (7201.T) on Monday unveiled a production alliance covering small cars and full-size pickup trucks. more Manitowoc agrees to buy Enodis for $1.9B 14 Apr 08, 17:02 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 Rates drop at weekly Treasury auction 14 Apr 08, 16:37 ET AP - Interest rates on short-term Treasury bills fell in Monday's auction with rates on three-month bills dropping to the lowest level in nearly four years. 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 Dell sells $1.5 billion in three parts: source 14 Apr 08, 16:36 ET Reuters - Dell Inc on Monday sold $1.5 billion of debt in three parts, said a source familiar with the transaction. 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 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 CEA's Marron says credit woes beyond subprime 14 Apr 08, 15:56 ET Reuters - The U.S. credit crisis has spread well beyond subprime mortgages, requiring policy-makers in Washington to take action that might prevent such troubles from resurfacing in the future, a Bush administration official said on Monday. more Wattles says Blockbuster bid "looks attractive" 14 Apr 08, 14:41 ET Reuters - Investor Mark Wattles, who has nominated five people to the board of Circuit City Stores , on Monday said billionaire investor Carl Icahn was willing to help fund Blockbuster Inc's proposed buyout of the electronics chain. 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 Brazil oil field could be huge find 14 Apr 08, 13:44 ET AP - A deep-water exploration area off Brazil's coast could contain as much as 33 billion barrels of oil, the head of Brazil's National Petroleum Agency said Monday. That would make it the world's third-largest known oil reserve. more Bayou's boss sentenced to 20 years in prison 14 Apr 08, 13:16 ET Reuters - A judge sentenced the co-founder of defunct hedge fund Bayou Group to 20 years in prison on Monday for his role in a scheme that cheated investors out of more than $400 million. more Berkshire says General Re CEO Brandon resigns 14 Apr 08, 13:13 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 reinsurance unit. more Bayou co-founder sentenced to 20 years in prison 14 Apr 08, 12:53 ET Reuters - A judge sentenced the co-founder of the defunct hedge fund Bayou Group to 20 years in prison on Monday for his role in a scheme that cheated investors out of more than $400 million. more BA boss says 'no intention' of resigning over terminal fiasco 14 Apr 08, 12:49 ET AFP - British Airways chief executive Willie Walsh said Monday he had "no intention" of resigning over the disastrous opening of London Heathrow airport's new Terminal 5. 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 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 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 Oil prices back above $111 14 Apr 08, 09:40 ET AP - Oil prices rebounded Monday on reports that a U.S. oil pipeline was shut for repairs and as the dollar weakened again against other currencies. more Oil bounces on supply disruptions 14 Apr 08, 09:06 ET Reuters - Oil prices jumped on Monday because of a U.S. pipeline shutdown and some production losses in Nigeria following a fire at a flow station. more Retail sales post modest gain in March 14 Apr 08, 08:53 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 CapitalSource acquiring Fremont branches 14 Apr 08, 08:43 ET AP - CapitalSource is acquiring the retail banking operations of Fremont General. more March retail sales unexpectedly rise 0.2 pct 14 Apr 08, 08:31 ET Reuters - Retail sales unexpectedly rose 0.2 percent in March, pushed up by a jump in gasoline sales, a government report released on Monday showed. more Brazil's Petrobas awards major contracts to Norway's Seadrill, MPF 14 Apr 08, 08:26 ET AFP - Brazilian oil group Petrobras has awarded the Norwegian oil services companies Seadrill and MPF two contracts that could be worth more than 5.0 billion dollars (3.2 billion euros), Seadrill and MPF said on Monday. more TV hurts Philips profit, weak economy looms 14 Apr 08, 08:11 ET Reuters - Philips Electronics reported a bigger-than-expected 28 percent drop in quarterly core profit on Monday, as its television business sank deeper into the red, and warned of slowing economic growth in mature markets. 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 Oil prices drop on demand fears 14 Apr 08, 07:56 ET AFP - Oil prices eased on Monday below 110 dollars a barrel on expectations of a drop in worldwide demand for crude after finance chiefs expressed deep concern over the US economy, analysts said. more Wachovia 1Q loss, to raise $7B capital 14 Apr 08, 07:48 ET AP - Wachovia Corp. will slash its dividend and raise $7 billion in a share sale after reporting a surprising first-quarter loss on Monday of $393 million. more Market set to open lower after Wachovia loss 14 Apr 08, 07:47 ET Reuters - U.S. stock index futures fell on Monday, indicating Wall Street may start the week lower, after No. 4 U.S. bank Wachovia Corp posted a surprise first-quarter loss. more Wachovia posts surprise loss, eyes $7 billion capital 14 Apr 08, 07:35 ET Reuters - Wachovia Corp on Monday posted a surprising first-quarter loss as credit problems soared and said it would cut its dividend and raise $7 billion in capital. more Asian, European stocks fall 14 Apr 08, 07:06 ET AP - Asian and European markets fell Monday, following Wall Street's tumble late last week on concerns over a slowdown in the U.S. economy and the outlook for corporate profits. 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 Blockbuster bids for Circuit City 14 Apr 08, 06:57 ET AP - Blockbuster Inc. said Monday it will take an unsolicited $1 billion-plus bid for Circuit City Stores Inc. directly to its shareholders, saying the consumer electronics chain has not responded to repeated offers. more Stock futures down amid earnings worries 14 Apr 08, 06:56 ET AP - Wall Street was poised to open lower Monday as investors grew more concerned about companies' earnings power after the U.S. bank Wachovia Corp. and the Dutch conglomerate Royal Philips Electronics NV posted disappointing quarterly results. more World stocks slide as earnings outlook dims 14 Apr 08, 06:50 ET AFP - Asian stocks tumbled on Monday followed by losses across European markets on concern over company earnings and increasing gloom about prospects for the global economy, analysts said. 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 Taiwan economic plan gets China boost 14 Apr 08, 04:51 ET AP - Taiwan's President-elect Ma Ying-jeou received a huge gift over the weekend - support from China's leader for two of Ma's proposals that could boost tourism and the island's economic growth. more U.S. economy angst hits global stocks 14 Apr 08, 04:50 ET Reuters - Fallout from losses at General Electric and other factors pointing to a U.S. recession hit global stock markets hard on Monday while the dollar stayed firm after the G7 expressed concerns over currency swings. more Deutsche Bank aims to sell $20 billion in debt: report 14 Apr 08, 04:41 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 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 Fewer large corporations audited by IRS 14 Apr 08, 00:28 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 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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