Reuters - Merger talks between United Airlines
and US Airways Group Inc have slowed and a deal is not
expected in time for review by the Bush administration, sources
said late on Tuesday.
NewsFactor - Retailer GameStop has decided to stop selling Microsoft's Zune media player. According to news reports, the decision was actually made about a month ago but was only recently made public. -- read full article
Tue, 27 May 2008 15:53:29 GMT - Yahoo! News: Business
Reuters - Arun Sarin, the chief executive who
safeguarded Vodafone's dominance among mobile operators
by expanding into emerging markets, announced his departure on
Tuesday, saying he had achieved all he had set out to do.
Reuters - InBev has not
yet begun merger talks with Anheuser-Busch Cos Inc but
is still weighing an acquisition of the U.S. brewer, a source
familiar with the situation said on Tuesday.
Reuters - Shares of General Motors Corp
slumped to a 27-year low while smaller rival Ford Motor Co
hit a new six-week low on Tuesday as analysts warned the
U.S. auto market could remain weak well into 2009.
Reuters - U.S. stocks were slightly higher on
Tuesday as lower oil prices dragged down shares of energy
companies while lifting airlines and data showed a mixed
picture of the housing sector.
Reuters - Prices of single-family homes
plunged a record 14.4 percent in March from a year earlier,
while consumer confidence slumped to its lowest in 16 years in
May as gasoline prices surged.
Reuters - It's been a bloody year for world
stocks, but above the fray, Canada stands with Brazil and
Mexico as the only countries with unscathed major indexes. -- read full article
Sun, 25 May 2008 17:07:09 GMT - Yahoo! News: Business
Reuters - Top contract chip maker Taiwan
Semiconductor Manufacturing Co Ltd (TSMC) (2330.TW)
said on Tuesday it may raise prices for its higher-end chips as
rising costs threaten to squeeze profits.
Reuters - Asian central banks moved to
prop up falling currencies on Tuesday to help prevent surging
oil prices from stoking inflation in economies bracing for a
global slowdown. -- read full article
Tue, 27 May 2008 08:48:32 GMT - Yahoo! News: Business
Reuters - Belgian brewer InBev , the
world's second-biggest by volume, could start talks with rival
Anheuser Busch on a possible bid as early as Tuesday,
Belgian business daily De Tijd reported.
Reuters - Former Federal Reserve chairman Alan
Greenspan was quoted on Tuesday as saying the United States was
still more likely than not to have a recession despite relative
stabilization in the economy in recent weeks.
Reuters - The majority of small business owners
think the U.S. economy is getting worse, though sentiment
showed some improvement in May from its recent lows, according
to a survey released on Tuesday.
AP - Wall Street ended a week of big losses with more selling Friday as rising oil prices again raised worries that strained consumers will cut back spending and hurt the overall economy. The Dow Jones industrials fell nearly 150 points in the final session before the three-day holiday weekend.