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    Business Headlines
    Berkshire holds no Ameriprise shares: SEC filing (Reuters)

    A Berkshire Hathaway shareholder plays bridge with cards with pictures of the billionaire financier and Berkshire Hathaway CEO Warren Buffett during their annual meeting in Omaha, Nebraska, May 4, 2008. (Carlos Barria/Reuters)Reuters - Berkshire Hathaway Inc (BRKa.N), billionaire Warren Buffett's investment company, no longer held any Ameriprise Financial Inc stock as of March 31, according to a U.S. regulatory filing on Thursday.


    -- read full article
    Thu, 15 May 2008 21:20:42 GMT - Yahoo! News: Business
    Forecasters see weak economy, higher unemployment (AP)

    A foreclosure sign seen in Stockton, California. A growing number of analysts are expressing confidence that the worst may be over for the US economy, even if it struggles for some time due to weak housing, tight credit and high energy costs.(AFP/Getty Images/File/Justin Sullivan)AP - First the good news: The worst of the painful housing slump and the credit crunch might come to an end this year. Now the bad: The economy will weaken further and unemployment will rise.


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    Mon, 19 May 2008 10:19:54 GMT - Yahoo! News: Business
    Is the recession off? Housing holds key (Reuters)

    A sign advertises an open house for sale in Alexandria, Virginia April 6, 2008. (Jonathan Ernst/Reuters)Reuters - Stock markets are up sharply since March. The recent batch of economic data has not looked as dire as feared. The U.S. Federal Reserve is finding fewer takers for its loan auctions. A fine-art sale drew a record $86 million price for a Francis Bacon painting.


    -- read full article
    Sun, 18 May 2008 19:10:13 GMT - Yahoo! News: Business
    Facebook stresses independence amid Microsoft talk (Reuters)

    A sample Facebook profile is seen in an undated handout image. (Facebook/Handout/Reuters)Reuters - Facebook Inc founder and CEO Mark Zuckerberg stressed his company's independent spirit on Monday, after a report the social networking site might be sold to software giant Microsoft , which is hunting for ways to beef up its Internet business.


    -- read full article
    Mon, 19 May 2008 06:41:17 GMT - Yahoo! News: Business
    Oil drifts lower after early gains (Reuters)

    An oil rig is silhouetted against the sunset in St. Lawrence, Texas May 9, 2008. (Jessica Rinaldi/Reuters)Reuters - Oil gave up early gains on Monday after a climb to a record high last week of nearly near $128 a barrel.


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    Mon, 19 May 2008 10:25:32 GMT - Yahoo! News: Business
    NBER's Feldstein sees U.S. downturn since Dec-Jan (Reuters)

    Shoppers carry their purchases along Broadway in New York City, May 11, 2008. (Joshua Lott/Reuters)Reuters - Martin Feldstein, President of the National Bureau of Economic Research, said in a newspaper interview published on Monday he had seen a clear reversal in U.S. monthly economic indicators since December or January.


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    Mon, 19 May 2008 06:12:43 GMT - Yahoo! News: Business
    Microsoft proposes alternative deal to Yahoo (Reuters)

    The headquarters of Yahoo Inc. is shown in Sunnyvale, California May 5, 2008. (Robert Galbraith/Reuters)Reuters - Microsoft Corp said on Sunday it proposed an alternative deal to Yahoo Inc rather than a full acquisition, but the move was unlikely to win favor with financier Carl Icahn, a person familiar with his thinking said.


    -- read full article
    Mon, 19 May 2008 04:30:54 GMT - Yahoo! News: Business
    Treasury secretary says markets are calmer now (AP)

    In this Feb. 17, 2007 file photo, bilingual signs are prominent in Chicago's first Wal-Mart.  Wal-Mart Stores, the world's largest retailer, posted a 6.9 percent increase in first-quarter profits, Tuesday, May 13, 2008, helped by improved customer service, better inventory control and strong international sales. The results beat Wall Street's projections by a penny, but the company issued a cautious outlook for the current quarter and warned that the economy will be a 'critical factor' in 2008. (AP Photo/Charles Rex Arbogast, file)AP - Treasury Secretary Henry Paulson said Friday that financial markets are "considerably calmer" now than they were two months ago. He predicted the economy will be rebounding by the second half of this year.


    -- read full article
    Sat, 17 May 2008 12:12:27 GMT - Yahoo! News: Business
    Fed's Lockhart says world will feel U.S. slowdown (Reuters)

    A pedestrian walks past the New York Stock Exchange in New York January 9, 2008. U.S. exports have been helped by a weaker dollar and this is providing a boost to an otherwise weak economy, Federal Reserve Bank of Atlanta President Dennis Lockhart said on Saturday. (Lucas Jackson/Reuters)Reuters - U.S. exports have been helped by a weaker dollar and this is providing a boost to an otherwise weak economy, Federal Reserve Bank of Atlanta President Dennis Lockhart said on Saturday.


    -- read full article
    Sat, 17 May 2008 15:23:29 GMT - Yahoo! News: Business
    Westpac may have to boost $17.6 billion St George bid (Reuters)

    A pedestrian is reflected on a window of a Westpac bank in Sydney May 1, 2008. (Daniel Munoz/Reuters)Reuters - Westpac Banking Corp Ltd , which has bid $17.6 billion for St George Bank in the biggest banking takeover ever in Australia, is bracing for rival offers to emerge that could push the price tag even higher.


    -- read full article
    Sun, 18 May 2008 06:20:00 GMT - Yahoo! News: Business
    KDB ends talks with Goldman on Daewoo sale (Reuters)
    Reuters - A top shareholder in Daewoo Shipbuilding and Marine Engineering Co Ltd (042660.KS) said on Sunday it had withdrawn from talks to have Goldman Sachs manage the sale of the South Korean shipbuilder. -- read full article
    Sun, 18 May 2008 05:10:13 GMT - Yahoo! News: Business
    Abercrombie profit edges up on sales increase (AP)
    AP - Teen retailer Abercrombie & Fitch Co. said Friday that its first-quarter earnings rose 3 percent from a year ago on stronger sales. -- read full article
    Fri, 16 May 2008 20:52:46 GMT - Yahoo! News: Business
    Quake Unlikely To Derail China's Economy (Investor's Business Daily)
    Investor's Business Daily - While China grapples with the devastating May 12 earthquake in Sichuan -- now thought to have killed 50,000 people, leaving 5 million homeless and property damage at $20 billion -- the economic toll may be mild, analysts say. -- read full article
    Fri, 16 May 2008 22:57:55 GMT - Yahoo! News: Business
    Lehman Brothers job cuts to start next week: report (Reuters)

    People walk past the Lehman Brothers building near Times Square in New York March 18, 2008. (Chip East/Reuters)Reuters - Investment bank Lehman Brothers Holdings Inc will begin cutting jobs starting next week, CNBC Television reported on Friday, without citing sources.


    -- read full article
    Fri, 16 May 2008 18:57:58 GMT - Yahoo! News: Business
    American Axle and UAW reach tentative agreement (Reuters)
    Reuters - The United Auto Workers and American Axle & Manufacturing Holdings Inc reached a tentative contract agreement late Friday aimed at ending an 11-week-long strike that had triggered thousands of layoffs and cost General Motors Corp at least $1 billion. -- read full article
    Sat, 17 May 2008 06:07:25 GMT - Yahoo! News: Business
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