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Mortgage legend says price slump deeper than seems 28 Apr 08, 23:40 ET Reuters - The man credited with developing the financing of the modern U.S. mortgage industry says home values have fallen more than their listed prices suggest but they could hold steady with the help of a bill in Congress. more Shares fall as Visa quarterly results rise 28 Apr 08, 20:09 ET Reuters - Visa Inc on Monday posted quarterly results that beat analysts' expectations, but the company's shares fell in after-market trading amid investor concern about how the economy would affect results. more FDA seeks more information from Merck for cholesterol drug 28 Apr 08, 19:53 ET AP - A Merck & Co. experimental drug has been rejected by the U.S. Food and Drug Administration for the second time in four days. more As economy slows, is any area really `recession-proof'? 28 Apr 08, 19:51 ET AP - The catering business isn't what economists would call "recession-proof." Luckily for J.W. Walton, most of his biggest clients are. more Paulson says no interest in second stimulus plan 28 Apr 08, 19:10 ET Reuters - Treasury Secretary Henry Paulson said on Monday that he was focused on getting economic stimulus payments to consumers quickly to boost the economy and had no interest in a second stimulus plan. more Visa profit jumps 28 percent on rising volumes 28 Apr 08, 18:09 ET AP - Visa Inc., the world's largest credit and debit card processor, said Monday its profit rose 28 percent in the first three months of the year as customers around the world charged more to their cards. more GM to cut truck production and negotiate union layoffs 28 Apr 08, 18:06 ET Reuters - General Motors Corp on Monday said it would cut planned truck production at four North American plants in the coming quarter because of weaker demand for its full-size pickup trucks and sport utility vehicles. more Google Researchers Want To Improve Image Searches 28 Apr 08, 18:03 ET NewsFactor - If a picture is worth a thousand words, how valuable is the ability to find the perfect image of an object from the entire Web? According to a paper delivered by two Google researchers at the International World Wide Web Conference in Beijing last weekend, the search-engine giant may be one step closer to answering that question. more Hartford 1st-quarter profit tumbles, cuts outlook 28 Apr 08, 17:48 ET Reuters - Hartford Financial Services Group Inc said on Monday that net income plunged more than 83 percent in the first quarter, in large part from losses on investments, including credit derivatives. more Mall reports may shed light on consumer health 28 Apr 08, 17:41 ET Reuters - The two largest U.S. shopping mall operators are set to report quarterly results this week, and investors are looking for them to shed some light on the struggling U.S. consumer's ability to keep retailers going. more GM to cut 1 shift each at 4 pickup truck, SUV factories 28 Apr 08, 17:14 ET AP - General Motors Corp. said Monday it plans to cut one shift at four North American factories that make pickup trucks and big sport utility vehicles, laying off about 3,500 workers. more Visa shares fall as quarterly results rise 28 Apr 08, 16:50 ET Reuters - Visa Inc , the world's largest credit card network, said on Monday that quarterly earnings rose, helped by declining tax expense, but the company's shares fell in after-market trading. more Delta raises domestic fares around $10 to $40 per roundtrip 28 Apr 08, 16:50 ET AP - Travelers aren't just feeling the pinch at the gas pump, but also in the air as carriers continue to hike fares to deal with high jet fuel prices. more Blackberry Faces a Strong Challenge from the iPhone 28 Apr 08, 16:42 ET NewsFactor - Apple's iPhone has dramatically shaken up the smartphone market -- especially the leader, Research in Motion. In just the last three months of 2007, smartphone shipments shot up 60 percent from a year ago, according to industry research firm IDC. And RIM doubled sales of the Blackberry, adding 6.5 million subscribers in its last fiscal year, double the previous year. more U.S. 1st quarter growth seen weakest since 2002 28 Apr 08, 16:36 ET Reuters - The U.S. economy braked sharply in the first quarter, growing at its slowest pace in over five years as consumers curbed spending and jobs disappeared, a Reuters poll forecast. more Rates on Treasury bills rise at weekly auction 28 Apr 08, 15:48 ET AP - Interest rates on short-term Treasury bills rose in Monday's auction with six-month bills climbing to the highest level since early March. more Take-Two shares rise amid rave reviews for GTA4 28 Apr 08, 14:14 ET Reuters - Criminal action video game "Grand Theft Auto 4" won near-perfect praise in early reviews on Monday, boosting the shares of publisher Take-Two Interactive Software Inc as much as 3.4 percent ahead of the game's midnight launch. more Coal price hikes boost electric rates, more increases coming 28 Apr 08, 14:08 ET AP - Consumers struggling with high gas prices, rising food costs and falling home values have something new to worry about: Sharply rising electricity rates due to a surge in coal prices over the past year. more BlackRock CEO Fink awarded $41.87 million in 2007 28 Apr 08, 12:46 ET Reuters - BlackRock Inc Chairman and Chief Executive Laurence Fink received $41.87 million in compensation in 2007, a 27 percent increase from the prior year, according to a regulatory filing on Monday. more Nokia Announces Three New Mid-Range Phones 28 Apr 08, 12:21 ET NewsFactor - Nokia announced Monday three new cell phones for the mid-priced market. The world's biggest phone maker, based in Finland, described the Nokia 6600 fold, the 6600 slide, and the 3600 slide as balancing "stunning and sophisticated looks with the latest in mobile functionality." more UAL, USAir in "very advanced" merger talks: sources 28 Apr 08, 12:11 ET Reuters - United Airlines, a unit of UAL Corp and US Airways Group Inc are in "very advanced" merger talks, two sources with knowledge of the matter said on Monday. more AP source: United, US Airways in 'very advanced' combo talks 28 Apr 08, 11:50 ET AP - United Airlines and US Airways are in very advanced talks with the expectation of announcing within two weeks that they are combining, a person close to the negotiations told The Associated Press on Monday. more Buffett says recession may be worse than feared 28 Apr 08, 11:09 ET Reuters - Warren Buffett, the world's richest person, said on Monday the U.S. economy is in a recession that will be more severe than most people expect. more Tyson Foods reports $5M loss for 2Q 28 Apr 08, 11:04 ET AP - Tyson Foods Inc., the world's largest meat producer, said Monday it lost $5 million in its second-quarter as it faces high feed and fuel costs and absorbed charges for previously-disclosed plant closings. more Morgan Stanley see big bank woes just beginning 28 Apr 08, 10:45 ET Reuters - Morgan Stanley analysts on Monday told clients to "sell the rally" in financial stocks, slashing forecasts for big bank earnings and warning that the current credit crunch is only just beginning. more Kerkorian boosts stake in Ford 28 Apr 08, 10:18 ET Reuters - Billionaire investor Kirk Kerkorian has taken aim at the No. 2 U.S. automaker, acquiring what could become a 5.6 percent stake in Ford Motor Co through his investment vehicle Tracinda Corp. more Merrill Lynch hires Montag to head global trading 28 Apr 08, 10:14 ET Reuters - Merrill Lynch & Co Inc said it hired Thomas Montag, former co-head of global securities trading at Goldman Sachs Group Inc , as Chief Executive John Thain looks to new talent to turn around the largest brokerage in the world. more RadioShack stock tumbles on lower profit 28 Apr 08, 10:09 ET Reuters - Consumer electronics retailer RadioShack Corp posted a lower first-quarter profit on Monday as sales fell and an increase in promotions hurt gross margin, sending its shares plunging about 11 percent. more U.S. slims down after bloated credit: Pimco 28 Apr 08, 09:59 ET Reuters - Consumers, banks and financial companies are "slimming down" after a bloated era of easy credit, but face an extended period of fixing their finances, Pacific Investment Management Co said in a new report. more Mars and Buffett team up to buy Wrigley 28 Apr 08, 09:06 ET Reuters - M 's candy maker Mars Inc has teamed up with billionaire Warren Buffett to buy Wm Wrigley Jr Co , the world's largest chewing gum maker, for $23 billion, creating the world's largest confectionary company. more Kerkorian seeks to boost Ford stake 28 Apr 08, 08:23 ET AP - Billionaire Kirk Kerkorian plans to make an offer that would expand his stake in Ford Motor Co. to 5.6 percent, saying he sees signs that the automaker's turnaround plan is working. more Tax rebates start going out today, earlier than planned 28 Apr 08, 08:15 ET AP - Tax rebates will start going out today, earlier than previously announced. President Bush announced the change in schedule on Friday. more Ready to Move Up, and Maybe Move On 28 Apr 08, 08:08 ET BusinessWeek Online - My boss is wonderful, and we are something like business-friends. Recently my boss suggested that I apply for a job in another department, and I did. I was very pleased to have his support, not only for me to apply for the job but also in case I didn't get it. He was very supportive of me through the interview process. As it turns out, the manager in the other department selected one of his own team members for that job. But going on that one interview gave me the bug to do something new, whether here or somewhere else. It made me realize that I'm ready for something new. ... more Cars for Big Families on a Budget 28 Apr 08, 08:08 ET BusinessWeek Online - You've got two kids and just found out another is on the way. If you're like most families, that means it's time for a bigger car -- which is the last thing most parents want to think about these days. more Verizon profit rises on subscriber growth 28 Apr 08, 08:00 ET Reuters - Verizon Communications on Monday reported a rise in quarterly profit and stronger-than-expected growth in wireless subscribers, showing resilience in the face of a U.S. economic slowdown. more Oil sets new record near $120 28 Apr 08, 07:54 ET Reuters - Oil hit a new record near $120 a barrel on Monday, boosted by a string of bullish factors that include big disruptions to Nigeria's output and a UK refinery strike, highlighting anxieties over threats to supply. more Stock futures rise on takeover news 28 Apr 08, 07:47 ET Reuters - Stock futures rose on Monday, helped by news of a likely $22 billion takeover of chewing gum maker Wm Wrigley Jr Co and record crude oil prices, which could lift shares of energy companies. more Tracinda to tender offer for Ford shares 28 Apr 08, 07:19 ET Reuters - Tracinda Corp said on Monday it intends to make a cash tender offer for up to 20 million shares of common stock of Ford Motor Co at a price of $8.50 per share. more RBS to axe jobs as ABN impact, credit crunch bite 28 Apr 08, 07:19 ET Reuters - Royal Bank of Scotland Plc is set to cut hundreds of jobs as it pushes ahead with the integration of Dutch bank ABN AMRO's investment bank and slashes headcount in divisions hit by the credit crunch. more Stocks head for higher open amid merger talk, earnings reports 28 Apr 08, 07:08 ET AP - Stocks headed for a higher open Monday amid more speculation about mergers and acquisitions, and ahead of a handful of earnings reports on tap for the session. more EU says inflation to jump more than a full point to 3.2 pct 28 Apr 08, 07:01 ET AP - The European Union expects inflation to rise by more than a full point this year to 3.2 percent, pushed higher by soaring energy and food prices. more Vietnam seeks to calm rice-buying binge 28 Apr 08, 06:26 ET Reuters - Vietnam moved to quell panic over rice supplies on Monday, banning speculation in the market after a "chaotic" buying binge at the weekend highlighted growing global fears about food security. more OPEC president sees $200 oil possible: report 28 Apr 08, 05:59 ET Reuters - OPEC President Chakib Khelil does not rule out oil prices reaching $200 a barrel, even though supply is adequate, because the market is driven by the dollar's slide, Algerian government newspaper El Moudjahid reported on Monday. more Fed poised to cut rates; may take a break after that 28 Apr 08, 03:56 ET AP - Battling risky economic crosscurrents, the Federal Reserve is ready to bump down a key interest rate again to brace the wobbly economy. That rate cut could turn out to be the last one for a while as zooming energy and food prices heighten inflation concerns. more Oil nears $120 on supply concerns 28 Apr 08, 03:35 ET AP - Oil prices hit an all-time high near $120 a barrel Monday after a weekend refinery strike closed a pipeline system that delivers a third of Britain's North Sea oil to refineries in the U.K. more Chrysler looking to sell two axle plants: report 28 Apr 08, 02:13 ET Reuters - Chrysler LLC is seeking buyers for two Michigan axle plants as it tries to back away from producing auto parts in-house, the Wall Street Journal reported on Monday, citing people familiar with the matter. more Mars and Berkshire near pact to acquire Wrigley: report 28 Apr 08, 01:18 ET Reuters - Mars Inc and Berkshire Hathaway Inc (BRKa.N) were close to an agreement to buy Wm. Wrigley Jr. Co for more than $22 billion, the Wall Street Journal reported on Monday, citing people familiar with the matter. more

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