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Business News: Most Viewed
Last update: 263 days, 6 hours ago
 
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.
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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.
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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.
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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.
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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 .
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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. ...
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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).
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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