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    Business Headlines
    Nasdaq in deals to sell real-time market data (Reuters)

    The NYSE sign is seen above the floor of the New York Stock Exchange January 22, 2008.. (Brendan McDermid/Reuters)Reuters - Nasdaq OMX Group Inc said on Monday it has begun selling real-time share data to the websites of Google Inc's Google Finance, cable television network CNBC and News Corp's Wall Street Journal (NWSa.N).


    -- read full article
    Mon, 02 Jun 2008 21:18:52 GMT - Yahoo! News: Business
    Inflation moves up on Bernanke's list of worries (AP)

    High gas prices posted at Shell, left, and Valero, right, gas station in San Bruno, Calif., Tuesday, June 3, 2008. Oil prices fell sharply Tuesday, dropping below $124 a barrel as demand concerns grew and Federal Reserve Chairman Ben Bernanke indicated that more interest rate cuts are unlikely. (AP Photo/Paul Sakuma)AP - Federal Reserve Chairman Ben Bernanke has moved inflation up on his list of worries, suggesting more pointedly than ever that the time for cutting interest rates is over in view of soaring oil and commodity prices and a weakened dollar.


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    Tue, 03 Jun 2008 23:44:54 GMT - Yahoo! News: Business
    Apparel spending slides in May: SpendingPulse (Reuters)

    A customer shops for clothing in an undated file photo. (Alexandra Winkler/Reuters)Reuters - Consumer spending on apparel and footwear slid during May as buyers scaled back on discretionary purchases amid a sluggish U.S. economic environment, according to a SpendingPulse report released on Wednesday.


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    Wed, 04 Jun 2008 05:18:15 GMT - Yahoo! News: Business
    Novartis buys drug firm Protez for up to $400 mln (Reuters)

    A general view shows the headquarters of the drug making company Novartis in Basel, Switzerland, January 17, 2008. (Christian Hartmann/Reuters)Reuters - Novartis has bought U.S. based Protez Pharmaceuticals in a deal worth up to $400 million, giving it rights to an antibiotic which could be used to fight superbugs such as MRSA, the Swiss drugmaker said.


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    Wed, 04 Jun 2008 06:14:44 GMT - Yahoo! News: Business
    Yahoo sets August 1 date for annual meeting showdown (Reuters)

    Yahoo chief executive Jerry Yang (L) and activist investor Carl Icahn in a composite image. Yahoo set plans on Tuesday to hold its annual shareholder meeting on August 1, setting the stage for a showdown with Icahn, who is mounting a proxy fight for control of the company. (Files/Reuters)Reuters - Yahoo Inc on Tuesday set its annual shareholder meeting on for August 1 in the heart of Silicon Valley, as it braced for a showdown with billionaire activist investor Carl Icahn, who is mounting a proxy fight for control of Yahoo.


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    Wed, 04 Jun 2008 02:05:06 GMT - Yahoo! News: Business
    UAL to announce more fleet, job cuts: report (Reuters)

    A United Airlines plane takes off from Frankfurt airport, March 14, 2007. (Kai Pfaffenbach/Reuters)Reuters - UAL Corp , parent of United Airlines, plans to reduce its mainline fleet by another 70 aircraft by the end of 2009 and announce further job cuts, the Wall Street Journal said on Wednesday.


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    Wed, 04 Jun 2008 04:35:39 GMT - Yahoo! News: Business
    Automaker sales plunge, drag market down in May (Reuters)

    Vehicles are parked at a Ford auto and truck dealer in a suburb in Denver, Colorado, October 23, 2006. (Rick Wilking/Reuters)Reuters - U.S. auto sales tumbled in May as consumers spurned pickup trucks and SUVs in the face of record gasoline prices, driving General Motors Corp, Ford Motor Co and Chrysler LLC to double-digit declines.


    -- read full article
    Wed, 04 Jun 2008 03:10:43 GMT - Yahoo! News: Business
    Retailers expected to post scant May sales (Reuters)

    Shoppers manoeuvre their way through the aisle at Costco Warehouse in Arlington, Virginia, May 29, 2008. (Molly Riley/Reuters)Reuters - U.S. retailers are expected to post lackluster May sales this week, as consumers spent tax rebate checks on gas and food or used them to reduce debt, rather than buying discretionary items like clothes and jewelry.


    -- read full article
    Tue, 03 Jun 2008 15:46:30 GMT - Yahoo! News: Business
    Stocks tumble on more concerns about financials (AP)

    Traders work on the floor at the New York Stock Exchange after the announcement that the Federal Reserve cut interest rates April 30, 2008. (Brendan McDermid/Reuters)AP - Wall Street fell sharply for a second straight day Tuesday as investors grew more worried that the financial sector is still suffering badly from the credit crisis. The Dow Jones industrials, up modestly in earlier trading, fell more than 140 points.


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    Tue, 03 Jun 2008 18:50:10 GMT - Yahoo! News: Business
    Massachusetts sues H&R Block over mortgages to minorities (Reuters)

    A man walks past a H and R Block office in Chicago April 16, 2007. (John Gress/Reuters)Reuters - Massachusetts authorities sued H&R Block Inc on Tuesday, charging that its mortgage unit discriminated against black and Latino borrowers and escalated a crisis over property foreclosures in the state.


    -- read full article
    Tue, 03 Jun 2008 17:35:07 GMT - Yahoo! News: Business
    Wall St sinks to session lows as Lehman tumbles (Reuters)

    Traders work on the floor at the New York Stock Exchange after the announcement that the Federal Reserve cut interest rates April 30, 2008. (Brendan McDermid/Reuters)Reuters - Stocks sank to session lows in mid-afternoon trade on Tuesday as shares of Lehman Brothers Holdings Inc extended losses, falling more than 12 percent, as investors feared financial institutions may have to raise more capital.


    -- read full article
    Tue, 03 Jun 2008 18:48:03 GMT - Yahoo! News: Business
    Bernanke warns on dollar, U.S. rates well-positioned (Reuters)

    Fed Chairman Ben Bernanke speaks at the Federal Reserve Bank of Chicago's Annual Conference on Bank Structure and Competition May 15, 2008. (John Gress/Reuters)Reuters - Federal Reserve Chairman Ben Bernanke on Tuesday issued a rare warning on the inflationary risk posed by a weak dollar, but said U.S. interest rates were "well positioned" for an economy facing both price pressures and threats to growth.


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    Tue, 03 Jun 2008 14:39:53 GMT - Yahoo! News: Business
    Lehman shares fall on capital raising concern (Reuters)

    The exterior of the world headquarters for Lehman Brothers can be seen in New York, May 19, 2008. (Lucas Jackson/Reuters)Reuters - Lehman Brothers Holdings Inc shares fell on Tuesday to their lowest level since the meltdown of Bear Stearns on concern that Wall Street's smallest surviving brokerage could need to raise more capital.


    -- read full article
    Tue, 03 Jun 2008 17:17:08 GMT - Yahoo! News: Business
    GM U.S. May sales plunge 30 percent (Reuters)

    Banners promoting General Motor trucks and SUV's are displayed at Community Chevrolet in Burbank, California June 3, 2008. (Fred Prouser/Reuters)Reuters - General Motors Corp on Tuesday reported a 30.2 percent fall in May U.S. auto sales on an adjusted basis, led by a 39 percent decline in truck sales.


    -- read full article
    Tue, 03 Jun 2008 18:20:28 GMT - Yahoo! News: Business
    China Unicom buys China Netcom in $56B stock swap (AP)
    AP - Mobile service provider China Unicom Ltd. is acquiring fixed-line China Netcom Group Corp. in a share swap valued at $56.3 billion, based on Unicom's stock last traded price. -- read full article
    Mon, 02 Jun 2008 10:23:11 GMT - Yahoo! News: Business
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