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Business News: Most Viewed
Last update: 214 days, 3 hours ago
 
Asian stocks firm as credit fears ease
20 Apr 08, 22:43 ET
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.
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Oil holds just below record $117 a barrel
20 Apr 08, 22:14 ET
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.
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Reports: National City to get $6B from private investors
20 Apr 08, 21:31 ET
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.
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Nat City nears investment of $6 billion to $7 billion: source
20 Apr 08, 21:30 ET
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.
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Chicago rice rises, but off record high
20 Apr 08, 21:30 ET
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.
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Boeing says unaware of further Dreamliner delay
20 Apr 08, 21:25 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.
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Isuzu plans to build trucks in Saudi Arabia: Nikkei
20 Apr 08, 20:17 ET
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.
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Drivers paying record pump prices
20 Apr 08, 19:08 ET
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.
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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.
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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.
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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.
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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.
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Despite export boom, manufacturers cautious about job growth
20 Apr 08, 14:16 ET
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.
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Energy producers in driving seat at Rome talks
20 Apr 08, 13:44 ET
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.
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Oil producers reject raising output
20 Apr 08, 13:23 ET
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.
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Oil multinationals of old admit powerless to influence prices
20 Apr 08, 12:17 ET
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.
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Earnings are key as Dow nears turnaround
20 Apr 08, 11:59 ET
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.
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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.
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Jaguar Land Rover CEO Polites dies at 60 after illness
20 Apr 08, 11:05 ET
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.
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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.
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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.
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Automakers step up in China as West wobbles
20 Apr 08, 08:32 ET
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.
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Oil conference opens as prices hit high
20 Apr 08, 07:46 ET
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.
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Automakers view China as one of the top markets in world
20 Apr 08, 07:23 ET
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.
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Luxury auto rivals Daimler, BMW discuss sharing components
20 Apr 08, 07:13 ET
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.
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No need for OPEC to raise output now: president
20 Apr 08, 06:04 ET
AFP - OPEC president Chakib Khelil said on Sunday that the oil-producer cartel should not increase output now because the market was well-balanced.
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Chrysler: Chery exports not ready for US
20 Apr 08, 04:58 ET
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.
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BASF presses officials to approve its GM potato
20 Apr 08, 02:22 ET
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.
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China must prevent spread of inflation: c.banker
20 Apr 08, 01:14 ET
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.
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