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| Business News: Most Viewed |
| Last update: 263 days, 6 hours ago |
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| Continental, Southwest will cut growth to handle fuel spike |
17 Apr 08, 23:12 ET |
|
| AP - High fuel costs that helped drive some marginal airlines into bankruptcy this spring are also taking a toll on two of the nation's healthiest carriers. |
| more |
| Google Opens Optimizer as Yahoo Offers Traffic Analysis |
17 Apr 08, 18:49 ET |
|
| NewsFactor - It's a busy time in the world of Web analytics. On Wednesday at the ad:tech conference in San Francisco, Google announced its free Website Optimizer is available to anyone. This comes on the heels of last week's announcement of Yahoo's acquisition of IndexTools, a major provider of Web analytics software for online marketing. |
| more |
| Fed hawks Lacker, Fisher warn on inflation |
17 Apr 08, 18:12 ET |
|
| Reuters - Two top Federal
Reserve officials warned on Thursday against the risks of
inflation, in remarks that underscored the existence of a hard
wing of policy-makers who oppose further interest rate cuts. |
| more |
| US Airways pilots dump ALPA, form new union |
17 Apr 08, 17:39 ET |
|
| Reuters - Pilots at US Airways Group have
voted to leave the Air Line Pilots Association (ALPA) and form
a separate union, ALPA said on Thursday. |
| more |
| AMD posts sixth straight quarterly net loss |
17 Apr 08, 17:13 ET |
|
| Reuters - Advanced Micro Devices Inc
posted its sixth consecutive quarterly net loss on
Thursday as the chip maker continued to lose market share to
far larger rival Intel Corp . |
| more |
| NY AG also probes auction rate debt: source |
17 Apr 08, 16:47 ET |
|
| Reuters - UBS AG has received
subpoenas from New York attorney general Andrew Cuomo on how it
handled auction rate debt, a $330 billion market that seized up
in late January, a source who had seen the document said on
Thursday. |
| more |
| Investment firms pull back on borrowing |
17 Apr 08, 16:47 ET |
|
| AP - Big Wall Street investment companies are pulling back on their borrowing from the Federal Reserve's emergency lending program. |
| more |
| AMD narrows 1Q loss, sales rise but co. expected more |
17 Apr 08, 16:45 ET |
|
| AP - Struggling chip maker Advanced Micro Devices says its first-quarter loss narrowed but sales across all business segments were lower than it had expected. |
| more |
| Red Hat Drops Consumer Desktop Linux |
17 Apr 08, 16:34 ET |
|
| NewsFactor - Red Hat is dropping its consumer Linux desktop. That makes sense, analysts said, because the desktop is not Red Hat's core strength. Red Hat develops Linux-based software and solutions for enterprises. |
| more |
| Google profit beats forecasts, shares jump |
17 Apr 08, 16:30 ET |
|
| Reuters - Google on Thursday
posted a better-than-expected profit, defying fears the company
is facing an Internet advertising slowdown and sending its
shares past the $500 mark in extended trade. |
| more |
| Auction-rate probes underway in 9 states: group |
17 Apr 08, 15:50 ET |
|
| Reuters - Probes into the troubled $330 billion
auction-rate securities market are underway by securities
regulators in nine states, the North American Securities
Administrators Association said on Thursday. |
| more |
| Oil eases from record over $115 |
17 Apr 08, 15:41 ET |
|
| Reuters - Oil prices slipped from record highs
on Thursday after a drop in U.S. inventories and the weaker
dollar had pushed prices above $115 a barrel. |
| more |
| Teens turn to thrift as jobs vanish and prices rise |
17 Apr 08, 15:30 ET |
|
| AP - The souring job market and rising costs of the usual teenage indulgences - a slice of pizza, a drive to the mall, the hottest new jeans - are causing teens to do something they rarely do: be thrifty. |
| more |
| Observers Fear Mac Cloner May Not be Legitimate |
17 Apr 08, 15:28 ET |
|
| NewsFactor - The mysterious company that claims to be selling a clone of Apple Macintosh computers posted a message on its Web site Thursday proclaiming that it is a legitimate company -- and that its credit-card processor has been unable to handle a flood of orders. But many bloggers and observers suspect the company may be a fraud and warned consumers to stay away. |
| more |
| Fed's Lacker says inflation is too high |
17 Apr 08, 15:15 ET |
|
| Reuters - The U.S. economy is
going through a contraction at the moment but inflation is too
high and may not abate as hoped, a top Federal Reserve
policy-maker said on Thursday. |
| more |
| US Airways pilots oust union over seniority issues |
17 Apr 08, 14:49 ET |
|
| AP - Frustrated by an internal dispute over seniority, US Airways pilots on Thursday ousted their union of 59 years and agreed to be represented by another group. |
| more |
| Manufacturing shares slide on economic worry |
17 Apr 08, 14:40 ET |
|
| Reuters - Executives at several top diversified
manufacturers said on Thursday they are starting to see signs
of the slowing economy taking a toll on business, tempering
their outlook for 2008. |
| more |
| Don't inflate out of financial mess: Fed's Fisher |
17 Apr 08, 13:56 ET |
|
| Reuters - Trying to solve the financial
industry's structural problems with more interest rate cuts
would only worsen the situation by raising inflation, Dallas
Federal Reserve Bank President Richard Fisher said on Thursday. |
| more |
| Economy sends signals of more weakness to come |
17 Apr 08, 13:25 ET |
|
| AP - Higher unemployment claims and weak readings from two economic indexes reinforced recession worries Thursday. |
| more |
| Rates on 30-year mortgages unchanged but other rates drop |
17 Apr 08, 12:31 ET |
|
| AP - Rates on 30-year mortgages were unchanged this week but other rates showed declines. |
| more |
| Factory slump deepens, jobless rolls up |
17 Apr 08, 11:39 ET |
|
| Reuters - Mid-Atlantic factory activity in April
fell into its worst slump since the 2001 recession while
jobless benefit rolls swelled to their highest in almost four
years early this month, data showed on Thursday. |
| more |
| Sallie Mae affirms outlook, warns of "train wreck" |
17 Apr 08, 11:21 ET |
|
| Reuters - Sallie Mae , the largest U.S.
student loan company, on Thursday affirmed its 2008 profit
forecast, but warned of a "train wreck" in the $85 billion
education financing market without urgent government
intervention. |
| more |
| Continental Airlines posts 1Q loss as fuel costs soar |
17 Apr 08, 11:20 ET |
|
| AP - Continental Airlines Inc. said Thursday that soaring fuel costs pushed it to a loss for the first quarter, and it plans to retrench by mothballing planes and reducing flights. |
| more |
| Leading economic indicators up slightly |
17 Apr 08, 11:04 ET |
|
| AP - A private business groups says that its index of leading economic indicators rose Friday, reversing five months of decline. But the indicators are down significantly from a year ago, leaving recession fears festering. |
| more |
| Judge dismisses some claims against Take-Two |
17 Apr 08, 10:49 ET |
|
| Reuters - A judge has dismissed several claims
accusing Take-Two Interactive Software Inc of
misleading shareholders about an installment of its popular
"Grant Theft Auto" video game that contained hidden sex scenes
and caused a consumer uproar. |
| more |
| New York Times posts loss |
17 Apr 08, 10:25 ET |
|
| Reuters - The New York Times Co posted a
surprise loss on Thursday as the economic downturn added to
pressure on newspaper advertising and left the publisher with
worse-than-expected quarterly results. |
| more |
| Continental, Southwest earnings hurt by fuel costs |
17 Apr 08, 10:11 ET |
|
| Reuters - Continental Airlines Inc and
Southwest Airlines Co , two of the healthiest major U.S.
carriers, said on Thursday that record-high fuel costs led to
disappointing quarterly earnings and they cut growth plans. |
| more |
| Jobless claims on the rise |
17 Apr 08, 09:31 ET |
|
| Reuters - The number of workers on the
unemployment benefit rolls hit the highest level in almost four
years early this month and 372,000 more workers applied for aid
last week, the government said on Thursday. |
| more |
| Harley cuts outlook, to slash output |
17 Apr 08, 09:29 ET |
|
| Reuters - Harley-Davidson Inc said on
Thursday it would report full-year earnings well below its
forecast, slash production and lay off hundreds of workers as
the U.S. economic slowdown crimps demand for its iconic
motorcycles. |
| more |
| Wall Street set to open lower after slew of earnings |
17 Apr 08, 09:15 ET |
|
| AP - Wall Street headed for a lower opening Thursday with investors growing more cautious about the nation's financial health as they examined a batch of mixed earnings reports. |
| more |
| Weekly jobless claims rise more than expected |
17 Apr 08, 09:14 ET |
|
| AP - The number of newly laid off workers filing claims for unemployment benefits last week increased by more than had been expected, reflecting pressure from the weak economy. |
| more |
| Inflation Warms, Housing Chills in March |
17 Apr 08, 08:08 ET |
|
| BusinessWeek Online - The U.S. economic picture remains murky, to say the least. Reports released Apr. 16 showed that consumer-level inflation remains steady, while the housing slump shows no signs of improvement. But a report on industrial production indicated surprising resilience for the factory sector. |
| more |
| Housing: Time to Halt Taxpayer Subsidies |
17 Apr 08, 08:08 ET |
|
| BusinessWeek Online - Homeownership has long been a vibrant part of achieving the American Dream. But these days owning a home is more like starring in a horror flick, perhaps called Nightmare on Main Street. The numbers are frightening. Home prices are falling nationwide, and the foreclosure rate is at record levels. The delinquency rate for subprime adjustable rate mortgages is an astonishing 20%, and the Federal Reserve's home equity measure is at its lowest level in 60 years. Indeed, Moody's Economy. ... |
| more |
| CIT posts loss, cuts dividend |
17 Apr 08, 08:08 ET |
|
| Reuters - CIT Group Inc , a commercial
lender hit hard by the credit crunch, posted a quarterly loss
on Thursday, said it would sell off chunks of itself and cut
its dividend by 60 percent to shore up capital. |
| more |
| Nokia's first quarter results disappoint |
17 Apr 08, 08:00 ET |
|
| AFP - Nokia, the world's leading mobile phone maker, on Thursday posted strong first quarter results but saw its market share slip and missed analyst forecasts, sending its share price tumbling. |
| more |
| Pfizer earnings hurt by generic drugs |
17 Apr 08, 07:58 ET |
|
| Reuters - Pfizer Inc on Thursday
reported a worse-than-expected decline in first-quarter
earnings after declining sales of cholesterol fighter Lipitor
and medicines now facing generic competition, sending shares
down almost 4 percent. |
| more |
| Merrill Lynch posts steep first-quarter loss on write-downs |
17 Apr 08, 07:51 ET |
|
| AP - Merrill Lynch & Co., the world's largest brokerage, on Thursday said it would cut 4,000 jobs after more than $6 billion fresh write-downs pushed it to a loss for the first quarter. |
| more |
| European stocks aim higher |
17 Apr 08, 07:36 ET |
|
| AFP - Europe's main stock markets rose on Thursday as investors were heartened by solid US earnings news which had boosted Wall Street overnight, analysts said. |
| more |
| Pfizer 1Q profit falls on buyout charges, patent losses |
17 Apr 08, 07:29 ET |
|
| AP - Drug maker Pfizer says its first-quarter profit fell 18 percent on lower sales of blood-pressure drug Norvasc and the allergy drug Zyrtec, but topped Wall Street forecasts after excluding acquisition charges. |
| more |
| Merrill Lynch posts big loss |
17 Apr 08, 07:22 ET |
|
| Reuters - Merrill Lynch & Co on Thursday
posted a nearly $2 billion first-quarter loss, and said it
plans to cut 4,000 jobs after suffering several billion dollars
of write-downs for subprime mortgages and other risky assets. |
| more |
| Nokia's 25 percent profit jump falls short of expectations |
17 Apr 08, 07:14 ET |
|
| AP - The world's biggest mobile phone Nokia Corp. on Thursday said its first-quarter earnings rose 25 percent on demand for cheaper phones in emerging markets. |
| more |
| Wall St futures point to loss |
17 Apr 08, 06:59 ET |
|
| Reuters - Stock index futures dipped before the
start of Wall Street trading on Thursday, pointing to a
downward recoil after the previous session's strong rally. |
| more |
| Merrill Lynch posts first quarter loss |
17 Apr 08, 06:47 ET |
|
| Reuters - Merrill Lynch & Co Inc on
Thursday posted a first quarter loss, after taking several
billion dollars of writedowns for subprime mortgages and other
risky assets. |
| more |
| BlackRock buys Russia, Brazil, shuns China, India |
17 Apr 08, 06:46 ET |
|
| Reuters - Investment manager BlackRock is
buying Russian and Brazilian stocks on hopes that energy and
commodity prices will continue to rise, but is cautious on
China and India despite drops in those markets, a Taiwan
executive said on Thursday. |
| more |
| Oil hits another record high as dollar tumbles to record low |
17 Apr 08, 06:30 ET |
|
| AP - Oil prices hit all-time highs above $115 a barrel Thursday with reports that oil and gasoline stocks in the United States were lower than expected and as the dollar hit record lows. |
| more |
| Candover, Goldman to buy Expro for $3.16 billion |
17 Apr 08, 06:29 ET |
|
| Reuters - Funds managed by private equity firm
Candover and investment bank Goldman Sachs have
agreed to buy British oil services company Expro International
for 1.605 billion pounds ($3.16 billion). |
| more |
| Japan stocks rise on US earnings |
17 Apr 08, 06:04 ET |
|
| AP - Japanese stocks rose for a third straight session Thursday, buoyed by banks and electronics issues following stronger-than-expected U.S. corporate earnings reports. |
| more |
| Toyota subsidiary to stop making commercial trucks in Calif. |
17 Apr 08, 05:57 ET |
|
| AP - Toyota subsidiary Hino Motors Ltd. will stop making commercial trucks at one of its U.S. plants as surging oil prices and the U.S. credit crisis squelch demand, a company spokesman said Thursday. |
| more |
| Beijing auto show spotlights automakers hopes for China |
17 Apr 08, 05:54 ET |
|
| AP - On display at next week's Beijing auto show: Global automakers' hopes that booming China will drive sales this year as demand elsewhere slumps. |
| more |
| Special probe indicts Samsung chief |
17 Apr 08, 04:58 ET |
|
| AP - Special prosecutors said Thursday they indicted Samsung Group Chairman Lee Kun-hee on charges of tax evasion and breach of trust, though cleared the conglomerate of allegations it kept a slush fund used for bribery. |
| more |
| Freddie Mac to announce agreement with lenders: report |
17 Apr 08, 03:12 ET |
|
| Reuters - Freddie Mac is set to unveil a
pact with three major lenders on Thursday as it seeks to make
more funds available for big home loans, the Wall Street
Journal said. |
| more |
| Dell expanding China presence via large retailers |
17 Apr 08, 02:00 ET |
|
| AP - Dell Inc. will expand its presence in China by selling desktop and notebook computers at Suning, the country's second-largest electronics chain, and doubling the number of Gome stores that carry Dell machines. |
| more |
| JPMorgan selling $6 billion in preferred shares: report |
17 Apr 08, 01:33 ET |
|
| Reuters - JPMorgan Chase & Co is to sell
$6 billion in non-cumulative perpetual preferred shares,
according to a report in International Financing Review, a
Thomson publication. |
| more |
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