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    Business Headlines
    Investors gird for higher oil, bleak housing data (AP)

    In this file photo of  April 16, 2008, people wait in line to enter a job fair in New York. The Labor Department said Thursday, May 15, that the number of laid off-workers applying for jobless benefits rose last week by 6,000 to 371,000, near the average analyst forecast, and suggesting that the labor market remains weak but in check. (AP Photo/Mark Lennihan, File)AP - The rising price of oil isn't just swelling Americans' energy bills — it's also holding back their stock portfolios.


    -- read full article
    Sun, 18 May 2008 18:29:31 GMT - Yahoo! News: Business
    Index: Weak economy may dodge a recession (AP)
    AP - Gas prices are high, food's more expensive and the job market's cold, but the U.S. may still avoid a recession. -- read full article
    Tue, 20 May 2008 00:08:50 GMT - Yahoo! News: Business
    Nasdaq turns negative as semis reverse gains (Reuters)

    Traders work on the floor of the New York Stock Exchange April 1, 2008. (Brendan McDermid/Reuters)Reuters - The Nasdaq turned negative on Monday, as semiconductors reversed earlier gains.


    -- read full article
    Mon, 19 May 2008 18:27:21 GMT - Yahoo! News: Business
    American Axle Mich. plant seen approving contract (Reuters)

    United Auto Workers union striking workers Jim Gardner (L) and Sherry Cybak picket outside the American Axle plant as workers reject the deep wage and benefits cuts demanded by the auto parts supplier in Hamtramck, Michigan March 7, 2008. (Rebecca Cook/Reuters)Reuters - Union members at an American Axle & Manufacturing Holdings plant in southwestern Michigan are likely to approve a contract that would end a three-month strike by granting the supplier deep concessions, the local bargaining chairman said on Monday.


    -- read full article
    Tue, 20 May 2008 01:12:45 GMT - Yahoo! News: Business
    Barclays eyes investment bank bid: report (Reuters)

    A Barclays sign is seen outside a branch of Barclays Bank in central London May 15, 2008. (Toby Melville/Reuters)Reuters - Barclays is considering a takeover bid for a rival and could try to buy an investment bank, the Telegraph reported on Tuesday citing sources.


    -- read full article
    Tue, 20 May 2008 06:15:52 GMT - Yahoo! News: Business
    Microsoft proposes to buy Yahoo search: source (Reuters)

    People walk past Yahoo! offices in Santa Monica, California, May 19, 2008. (Lucy Nicholson/Reuters)Reuters - Microsoft Corp has proposed to buy Yahoo Inc's search business and take a minority stake in the Web pioneer, stopping short of a full-out merger, a person familiar with the discussions said on Monday.


    -- read full article
    Tue, 20 May 2008 06:36:07 GMT - Yahoo! News: Business
    Home Depot posts lower quarterly profit (Reuters)
    Reuters - Retailer Home Depot Inc reported a lower quarterly profit on Tuesday as the U.S. housing meltdown hurt sales and it took charges tied to store closures and a new-store pullback. -- read full article
    Tue, 20 May 2008 10:11:42 GMT - Yahoo! News: Business
    Retail properties dressed for distress (Reuters)
    Reuters - NEW YORK (Reuters)- For David Simon, chief executive of Simon Property Group , the largest U.S. owner of malls and shopping centers, retail property may be less about dress this year and more about distress. -- read full article
    Sun, 18 May 2008 16:59:34 GMT - Yahoo! News: Business
    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.


    -- read full article
    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.


    -- read full article
    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.


    -- read full article
    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
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