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| Business News: Most Viewed |
| Last update: 214 days, 3 hours ago |
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| Asian stocks firm as credit fears ease |
20 Apr 08, 22:43 ET |
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| Reuters - Asian shares powered to their highest
in more than seven weeks on Monday as financial firms rallied
on hopes that the worst of the credit crisis is over, and the
dollar gained against the Japanese yen. |
| more |
| Oil holds just below record $117 a barrel |
20 Apr 08, 22:14 ET |
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| Reuters - Oil held below $117 a barrel on Monday,
supported by worries of supply disruptions in Nigeria and
comments by OPEC that it saw no need to increase production. |
| more |
| Reports: National City to get $6B from private investors |
20 Apr 08, 21:31 ET |
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| AP - National City Corp. will get about $6 billion from private investors in a deal that provides much-needed capital to a Midwestern bank heavily exposed to the worsening mortgage and housing market, according to reports published Sunday. |
| more |
| Nat City nears investment of $6 billion to $7 billion: source |
20 Apr 08, 21:30 ET |
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| Reuters - A group of investors led by private
equity firm Corsair Capital is close to a deal to invest
between $6 billion and $7 billion into National City , a
large U.S. Midwest regional bank, a source familiar with the
transaction said on Sunday. |
| more |
| Chicago rice rises, but off record high |
20 Apr 08, 21:30 ET |
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| Reuters - U.S. rice prices stabilized in slightly
calmer trading early on Monday, rising from their close on
Friday but down slightly from the latest record high. |
| more |
| Boeing says unaware of further Dreamliner delay |
20 Apr 08, 21:25 ET |
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| Reuters - Boeing said on Sunday the
Federal Aviation Administration has not informed the company of
a certification delay of its Dreamliner jet after a report in
German magazine Focus that the project could be pushed back by
another three to six months. |
| more |
| Isuzu plans to build trucks in Saudi Arabia: Nikkei |
20 Apr 08, 20:17 ET |
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| Reuters - Truck maker Isuzu Motors Ltd (7202.T) may
begin building trucks in Saudi Arabia early next year, becoming
the first Japanese automaker to produce vehicles there, the
Nikkei newspaper said on Monday. |
| more |
| Drivers paying record pump prices |
20 Apr 08, 19:08 ET |
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| Reuters - U.S. drivers are paying record prices
to fill their gas tanks and they could see prices surge as much
as 30 cents more per gallon over the next few weeks, according
to an industry analyst. |
| more |
| Boeing says unaware of Dreamliner delay after story |
20 Apr 08, 17:51 ET |
|
| Reuters - Boeing said on Sunday the
Federal Aviation Administration has not informed the company of
a certification delay of its Dreamliner jet after a report in
German magazine Focus that the project could be pushed back by
another three to six months. |
| more |
| GE's future may be focus of shareholder meeting |
20 Apr 08, 15:27 ET |
|
| AP - Fresh off a disastrous quarter that wiped the luster from his company and still stinging from his predecessor's public scolding, General Electric Co. CEO Jeff Immelt may find a tougher-than-usual audience this week when he faces shareholders at the conglomerate's annual meeting. |
| more |
| OPEC chief: Oil prices would go higher regardless of supply |
20 Apr 08, 15:17 ET |
|
| AP - OPEC Secretary-General Abdullah el al-Badri said Sunday oil prices would likely go higher and that the group was ready to raise production if the price pressure was due to a shortage of supply - something he doubted. |
| more |
| Investors eye more earnings, including BofA, Apple, Yahoo |
20 Apr 08, 14:22 ET |
|
| AP - The stock market has reacted well to the recent stream of glum earnings. But this week, Wall Street faces an even bigger flood of first-quarter results, and as General Electric Co.'s bleak report earlier this month showed, bad earnings can even hurt a stock market with low expectations. |
| more |
| Despite export boom, manufacturers cautious about job growth |
20 Apr 08, 14:16 ET |
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| AP - The massive cranes slicing the skies over Brazil, Dubai and China can't come off the assembly lines fast enough at Manitowoc Co.'s manufacturing plants here and overseas. |
| more |
| Energy producers in driving seat at Rome talks |
20 Apr 08, 13:44 ET |
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| Reuters - Consumer countries and international oil
firms keen to gain greater access to the world's energy
resources are likely to walk away empty-handed from talks with
producer nations in Rome. |
| more |
| Oil producers reject raising output |
20 Apr 08, 13:23 ET |
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| AFP - Oil-producing countries have rejected calls to raise output amid record prices -- five times higher in as many years -- saying the rise in demand was artificial. |
| more |
| Oil multinationals of old admit powerless to influence prices |
20 Apr 08, 12:17 ET |
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| AFP - Oil-consuming countries and international oil producers acknowledged Sunday they can no longer influence oil prices, as a global gathering of the energy elite got underway in Rome. |
| more |
| Earnings are key as Dow nears turnaround |
20 Apr 08, 11:59 ET |
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| Reuters - Investors will have seen enough
corporate results by the end of this week to determine if the
recent string of encouraging earnings was an anomaly or a real
sign stocks can weather the credit crisis and economic
slowdown. |
| more |
| U.S. rails seen rolling along despite slowing economy |
20 Apr 08, 11:42 ET |
|
| Reuters - Despite a wobbly economy and sliding
freight volumes, U.S. railroads have chugged along in recent
quarters thanks to strong pricing -- and barring a deep and
prolonged recession they show no sign of stopping. |
| more |
| Jaguar Land Rover CEO Polites dies at 60 after illness |
20 Apr 08, 11:05 ET |
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| AP - Jaguar and Land Rover's Chief Executive Geoff Polites, who is credited with steering the storied British luxury brands through the ongoing sale process to India's Tata Motors Ltd., has died. He was 60. |
| more |
| Jaguar Land Rover CEO dies after two-year illness |
20 Apr 08, 10:59 ET |
|
| Reuters - The chief executive of Jaguar Land
Rover has died in his home country of Australia after a long
illness, Ford Motor Co said on Sunday. He was 60. |
| more |
| Earnings onslaught offers reality check |
20 Apr 08, 10:29 ET |
|
| Reuters - Remarkably resilient morale among euro
zone investors and businesses will face a reality check this
week as first-quarter earnings reports from the non-financial
sector get into full swing. |
| more |
| Automakers step up in China as West wobbles |
20 Apr 08, 08:32 ET |
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| Reuters - Automobile industry executives at
Beijing's bi-annual auto show forecast another boom year in
China in 2008, with sales in the world's No. 2 car market
rising and production ramping up to take advantage of lower
costs. |
| more |
| Oil conference opens as prices hit high |
20 Apr 08, 07:46 ET |
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| AP - The chief executive of Eni SpA said Sunday that the share of profits taken by governments of oil-rich countries is cutting international oil companies' profits, in some cases below their capital costs. |
| more |
| Automakers view China as one of the top markets in world |
20 Apr 08, 07:23 ET |
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| AP - Automakers issued ambitious forecasts Sunday of up to 65 percent sales growth in China's booming market this year - a striking contrast to the gloom in the United States and elsewhere. |
| more |
| Luxury auto rivals Daimler, BMW discuss sharing components |
20 Apr 08, 07:13 ET |
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| AP - Daimler AG, the maker of Mercedes-Benz cars, is discussing sharing components and technology development with rival BMW AG, Daimler CEO Dieter Zetsche said Sunday. |
| more |
| No need for OPEC to raise output now: president |
20 Apr 08, 06:04 ET |
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| AFP - OPEC president Chakib Khelil said on Sunday that the oil-producer cartel should not increase output now because the market was well-balanced. |
| more |
| Chrysler: Chery exports not ready for US |
20 Apr 08, 04:58 ET |
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| AP - Chrysler LLC's talks on a possible joint venture with China's Chery Automobile Co. are progressing but a China-made car being produced by the alliance is not ready for the U.S. market, Chrysler executives said Sunday. |
| more |
| BASF presses officials to approve its GM potato |
20 Apr 08, 02:22 ET |
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| AFP - German chemical giant BASF is cranking up pressure on the European Commission to get its green light for a genetically modified potato, a world first the company has decided deserves a few pages of advertising. |
| more |
| China must prevent spread of inflation: c.banker |
20 Apr 08, 01:14 ET |
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| Reuters - China needs to remain vigilant about
inflationary pressures spreading from food to other products,
despite a dip in overall consumer price rises in March, an
assistant central bank governor said on Sunday. |
| more |
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