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NY judge dismisses counterclaims vs Clear Channel 25 Apr 08, 21:47 ET Reuters - A New York judge dismissed counterclaims against Clear Channel Communications Inc on Friday in a lawsuit over the funding of a $20 billion buyout of the radio station operator. more Rate uncertainty hangs over U.S. stocks 25 Apr 08, 21:04 ET Reuters - The stock market will likely start the week on a hesitant note with Wall Street facing the first Federal Reserve interest-rate decision in many months not knowing that a cut is virtually guaranteed. more Zuckerman submits $580 mln Newsday bid: source 25 Apr 08, 19:45 ET Reuters - New York Daily News owner Mortimer Zuckerman has submitted a $580 million bid for Tribune Co's Newsday daily newspaper on Long Island, New York, matching a bid by News Corp (NWSa.N) Chief Executive Rupert Murdoch, according to a source familiar with the matter. more AP told Zuckerman submits $580 million bid for Newsday 25 Apr 08, 18:48 ET AP - The owner of the New York Daily News offered $580 million to acquire Newsday from Tribune Co., matching a bid earlier in the week by Rupert Murdoch's News Corp, The Associated Press was told. more NY judge dismisses counterclaims vs. Clear Channel 25 Apr 08, 18:31 ET Reuters - A New York judge dismissed counterclaims against Clear Channel Communications Inc on Friday in a lawsuit over the funding of a $20 billion buyout of the radio station operator. more Yahoo sees 2008 charges of $29 million for job cuts 25 Apr 08, 17:57 ET Reuters - Yahoo! Inc said on Friday it expects to incur pre-tax cash charges of about $29 million for expenses related to a work force reduction disclosed on February 15, 2008. more GM CEO's compensation jumps 64 percent in 2007 25 Apr 08, 17:47 ET Reuters - General Motors Corp Chief Executive Rick Wagoner's salary and other compensation rose 64 percent in 2007 to about $15.7 million, mainly due to option grants, according to a proxy filed on Friday. more American Airlines in talks with Continental, US Air 25 Apr 08, 17:15 ET Reuters - American Airlines has had early-stage merger talks with US Airways and is in advanced talks for an alliance with Continental Airlines, sources briefed on the situation said on Friday. more Wachovia to pay up to $144 mln to settle probe 25 Apr 08, 16:45 ET Reuters - Wachovia Bank agreed to pay as much as $144 million to settle allegations it failed to help consumers who fell prey to schemes operated by telemarketers that maintained accounts at the bank, regulators said on Friday. more Consumers, companies flash recession warnings 25 Apr 08, 16:30 ET Reuters - The warning signs of a U.S. recession flashed again on Friday as consumer sentiment sank to its lowest in 26 years and corporate earnings appeared set for their third consecutive quarter of contraction. more AT&T Begins Wi-Fi Rollout at Starbucks Stores 25 Apr 08, 16:29 ET NewsFactor - AT and Starbucks on Friday announced the beginning of the rollout of AT Wi-Fi service at company-operated Starbucks stores, kicking off a nationwide effort that will continue through 2008. more American Airlines in talks with Continental and US Airways 25 Apr 08, 15:51 ET Reuters - American Airlines has had early-stage merger talks with US Airways and is in advanced talks for an alliance with Continental Airlines , sources briefed on the situation said. more Long View: Even the great investors get the right bets wrong 25 Apr 08, 15:30 ET FT.com - We all make mistakes, even if our names are Buffett or Soros. But when great investors such as Warren Buffett and George Soros make a mistake, the lessons for the rest of us are so much more interesting. more Oil prices rally on supply tensions in Nigeria, Britain 25 Apr 08, 15:25 ET AFP - Oil prices soared toward this week's record peaks Friday as traders fretted over threats to global energy supplies in Nigeria and Britain, analysts said. more Appeals court orders new credit card case trial 25 Apr 08, 13:48 ET Reuters - A U.S. appeals court reinstated a class-action suit on Friday against a group of banks that force their credit card customers to use arbitration instead of the courts to settle disputes. more Microsoft Insists XP Death Date Firm Despite Ballmer 25 Apr 08, 13:09 ET NewsFactor - Despite CEO Steve Ballmer's comments, Microsoft has no plans to continue selling Windows XP after June 30, the company said Thursday. It added, "Our plan for Windows XP availability is unchanged. We're confident that's the right thing to do based on the feedback we've heard from our customers and partners." more One Laptop Per Child Controversy Centers on Windows 25 Apr 08, 12:10 ET NewsFactor - The One Laptop Per Child (OLPC) initiative wants more kinds of Sugar, and some developers are not sweet on that idea. Sugar is the user interface created for the low-cost laptop developed by a team headed by MIT Media Lab co-founder Nicholas Negroponte. The XO laptop, originally intended for a price point of $100 and incorporating an open-source Linux operating system, is designed for use by children in third-world countries. more Porsche ponders legal action against VW general assembly 25 Apr 08, 11:59 ET AFP - The German luxury sports car maker Porsche said Friday it had formally opposed the results of a Volkswagen shareholders general assembly, a move that could allow it to later file a formal complaint. more April consumer sentiment index at a 26-year low 25 Apr 08, 10:43 ET Reuters - Consumer confidence fell for a third straight month in April, hitting its weakest in 26 years, on heightened worries over inflation and the sagging housing market, a survey showed on Friday. more On London: This time it's different 25 Apr 08, 10:25 ET FT.com - "This time it's different". Four words guaranteed to strike fear into the hearts of stock market professionals. more Auto sales going strong for Japanese 25 Apr 08, 09:24 ET AP - Honda saw its profit slashed by a tax, while Mitsubishi racked up costs for closing an Australian plant. But Mazda - the smallest of Japan's five biggest automakers - emerged unscathed Friday to report booming profits for the January-March quarter. more American Axle posts quarterly loss amid UAW strike 25 Apr 08, 09:16 ET Reuters - American Axle & Manufacturing Holdings Inc posted a quarterly loss on Friday, hit by a strike at five U.S. plants, and it repeated threats to close the factories unless workers accept steep wage cuts. more Goodyear posts quarterly profit on price hikes, forex 25 Apr 08, 08:29 ET Reuters - Goodyear Tire & Rubber Co posted a stronger-than-expected quarterly profit on Friday, driven by price hikes, sales of more expensive tires and favorable foreign exchange rates. more Record oil price to boost oil majors' profits 25 Apr 08, 08:14 ET Reuters - Exxon Mobil , Royal Dutch Shell (RDSa.L) (RDSa.L) and BP are expected to report bumper first-quarter profits next week, thanks to record crude prices, but $110 per barrel oil will also squeeze refining profits and delay a return to oil production growth. more Goodyear swings to profit in 1Q, revenue rises 25 Apr 08, 08:12 ET AP - Goodyear Tire & Rubber Co. swung to a profit in the first quarter by focusing on higher-priced tires and international markets. The results from the biggest U.S.-based tiremaker beat Wall Street expectations and its shares rose nearly 3 percent in premarket trading. more REITs Show Strength 25 Apr 08, 08:08 ET BusinessWeek Online - Did someone say something about the deflating of a real estate bubble? Sure, home prices may be falling, but real estate investment trusts (REITs) outperformed broad market averages in the first quarter of this year. Standard & Poor's REIT equity analysts believe this outperformance can continue. more Good-Bye, Cheap Oil. So Long, Suburbia? 25 Apr 08, 08:08 ET BusinessWeek Online - The suburban landscape has been marred by foreclosures and half-built communities abandoned in the subprime aftermath. But James Howard Kunstler, author of a dozen books, including The Geography of Nowhere: The Rise and Decline of America's Man-Made Landscape, thinks there's a bigger threat to those far-flung neighborhoods: the scarcity of oil. As Kunstler sees it, oil wells are running dry and the era of cheap fuel is over. Given the supply constraints, he says the U.S. ... more Using Ex-Cons to Scare MBAs Straight 25 Apr 08, 08:08 ET BusinessWeek Online - By the time he was 40, Walter A. Pavlo Jr. had graduated with a master's degree in business from Mercer University, worked as a manager at MCI, concocted a $6 million money laundering scheme, served a two-year sentence in federal prison, and was divorced, unemployed, and living with his parents. It's a story that should scare any MBA straight. more Behind the Run on Rice 25 Apr 08, 08:08 ET BusinessWeek Online - At the Costco in San Francisco, rice is all the rage. Not long after the 10 a.m. opening on Apr. 24, the warehouse club was well on its way to selling out the day's supply of Thai jasmine rice. Within an hour, customers cleared three pallets loaded with 50-lb. bags of Super Lucky Elephant brand jasmine rice from Thailand. Real estate broker Mary Jane Galviso snapped up two bags -- the limit imposed by this particular store. "This is very frightening," says Galviso, who hails from Orosi, a rural community in California's Central Valley, more than 200 miles southeast of San Francisco. ... more Baron in the Making 25 Apr 08, 08:08 ET BusinessWeek Online - Jim Tyree has the thick neck and battered gait of a retired football player. He turned 50 last fall, but his thinning white hair and that walk make him look more like 60. Diagnosed with diabetes at 24, he has cheated death twice -- once in a thatched shack in Mexico -- and endured four eye surgeries to restore his vision. "Being blind," he wisecracks, "is worse than being dead." more Futures rise as financials seen stabilizing 25 Apr 08, 07:34 ET Reuters - Stock index futures rose on Friday, after robust profits from American Express fed growing relief that corporate profitability is holding up and optimism the worst may be over for financial companies. more Honda tumbles on tax woes 25 Apr 08, 07:17 ET Reuters - An unexpected tax bill sent Honda Motor Co's quarterly profit tumbling 86 percent, and Japan's No.2 carmaker warned of a weak year ahead due to a stronger yen, rising materials costs and a soft U.S. car market. more Lufthansa decides to exercise option for BMI: finance director 25 Apr 08, 07:09 ET AFP - German airline Lufthansa has decided to exercise an option to take a majority stake in British carrier BMI, Lufthansa finance director Stephan Gemkow said on Friday. more Bond investors bet on rate hikes as inflation looms 25 Apr 08, 07:00 ET Reuters - Investors rushed to bet on higher interest rates on Friday, dumping bonds on a conviction the world's top central banks were turning from nursing economies hobbled by a credit crisis to battling inflation. more Ericsson shares up jump 25 percent on 1Q report 25 Apr 08, 06:59 ET AP - Wireless equipment maker LM Ericsson AB on Friday said its first-quarter profit fell 55 percent, which was better than expected, and the company's shares soared more than 25 percent. more Sales strong at Japanese automakers despite some bumps 25 Apr 08, 06:58 ET AP - Honda saw its profit slashed due to a tax dispute and Mitsubishi racked up costs for closing an Australian plant. But Mazda - the smallest of Japan's five biggest automakers - emerged unscathed Friday to report booming profits for the January-March quarter. more Oil prices rise after Nigeria pipeline attack 25 Apr 08, 06:57 ET AP - Oil prices rebounded Friday from the previous session's steep drop, fueled by supply concerns after a Nigerian militant group reported that it sabotaged another oil pipeline. more Toshiba Q3 drops on HD-DVDs, chips, growth muted 25 Apr 08, 06:24 ET Reuters - Japanese electronics maker Toshiba Corp posted on Friday a better-than-expected 95 percent drop in quarterly profit amid tumbling chip prices and an exit from high-definition DVDs, and said it expected 2 percent earnings growth this year. more People's decisions to cut back add up to weaker economy 25 Apr 08, 06:08 ET AP - Monique Blake won't be shopping for new clothes. William Acosta got rid of his cell phone. Paula Rockwell put off buying a home. more Arby's owner buying Wendy's for $2.34 billion in stock 25 Apr 08, 06:05 ET AP - The billionaire investor known for pushing corporations to make changes to boost their stock price has a new challenge: turning around one of the fast-food industry's more notable names and doing it during a slumping economy. more Natural-gas vehicles hot in Utah, where the fuel is cheap 25 Apr 08, 03:06 ET AP - Troy Anderson was at the gas pump and couldn't have been happier, filling up at a rate of $5 per tank. more

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