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    Business Headlines
    Japan's Shin-Etsu: no sign of U.S. housing recovery (Reuters)

    Construction workers build new homes in Hempstead, New York, June 2, 2008. (Shannon Staplet/Reuters)Reuters - Japan's Shin-Etsu Chemical Co Ltd (4063.T) sees no signs of recovery in the U.S. housing market and is looking to emerging markets for growth, the president of the chemical maker said on Monday. Shin-Etsu is the world's largest maker of polyvinyl chloride (PVC), a resin used in pipes, wires and other construction materials. It was hit hard by the U.S. housing slump.


    -- read full article
    Mon, 09 Jun 2008 07:42:08 GMT - Yahoo! News: Business
    Oil dips after record $11 surge to new high (Reuters)

    Gas and diesel pumps along with gas prices are shown at an Exxon gas station in Carlsbad, California May 28, 2008. (Mike Blake/Reuters)Reuters - Oil fell by more than $1 on Monday as traders booked profits from crude's biggest one-day jump, but OPEC's resistance to pumping more oil kept prices near their latest record high.


    -- read full article
    Mon, 09 Jun 2008 07:25:02 GMT - Yahoo! News: Business
    Uneasy Wall Street eyes oil, retail data this week (AP)

    Ned Zeller rubs his eyes while working on the floor of the New York Stock Exchange on Friday, June 6, 2008 in New York. Stocks plunged Friday, sending the Dow Jones industrials down nearly 400 points, after oil prices shot up by more than $11 a barrel and neared $140 a barrel — and wiped out investors' recent optimism about the economy in the process. (AP Photo/Jin Lee)AP - That economic rebound in the second half of the year so many experts have predicted — including Federal Reserve Chairman Ben Bernanke himself — is starting to look dicey.


    -- read full article
    Sun, 08 Jun 2008 18:24:25 GMT - Yahoo! News: Business
    Oil, CPI may give stocks a rough ride (Reuters)

    Traders work on the floor of the New York Stock Exchange in this April 1, 2008 file photo. (Brendan McDermid/Files/Reuters)Reuters - Wall Street may be in for a rocky ride this week as investors recall Friday's triple threat -- oil at a record above $139 a barrel, a troubling unemployment report and the stock market's 3 percent drop -- while they await inflation data for May.


    -- read full article
    Sun, 08 Jun 2008 15:18:14 GMT - Yahoo! News: Business
    U.S. downturn not as bad as first feared, says Mirow (Reuters)
    Reuters - The economic downturn in the United States may not be as steep as feared but the crisis in global financial markets will hit bank earnings, Germany's Deputy Finance Minister Thomas Mirow said on Sunday. -- read full article
    Sun, 08 Jun 2008 14:34:52 GMT - Yahoo! News: Business
    OPEC sees no need to pump more after price surge (Reuters)
    Reuters - OPEC members saw no need on Sunday to pump more oil in response to last week's double-digit surge in oil prices to over $139 a barrel that top exporter Saudi Arabia described as unjustified. -- read full article
    Sun, 08 Jun 2008 15:04:14 GMT - Yahoo! News: Business
    Delta unrest casts shadow on Nigeria and world economy (AFP)

    A file photo shows a woman carrying tapioca seeds next to a gas flare fire, near the Niger Delta port city of Warri. Unrest in the Niger Delta is becoming a major problem for the Nigerian government but its importance as an oil producer is also helping extend its shadow over the world economy.(AFP/File/Lionel Healing)AFP - Unrest in the Niger Delta is becoming a major problem for the Nigerian government but its importance as an oil producer is also helping extend its shadow over the world economy.


    -- read full article
    Sun, 08 Jun 2008 03:54:47 GMT - Yahoo! News: Business
    Agility could sign $2.5 billion U.S. army deal: report (Reuters)
    Reuters - Kuwait's Agility , the Gulf's biggest logistics provider by market value, is set to sign a $2.5 billion deal with the U.S. army in July, a newspaper reported on Sunday. -- read full article
    Sun, 08 Jun 2008 06:12:20 GMT - Yahoo! News: Business
    Asia powers, US voice 'serious concern' on oil spike (AFP)

    The Los Angeles skyline shrouded in pollution. The United States and Asia's four largest powers have voiced AFP - The United States and Asia's four largest powers voiced "serious concerns" Saturday after the single biggest one-day hike in oil prices, warning that the global economy was at risk.


    -- read full article
    Sat, 07 Jun 2008 11:05:40 GMT - Yahoo! News: Business
    Singapore's Unisteel accepts $575 mln KKR bid (Reuters)
    Reuters - Singapore disc drive component maker Unisteel on Saturday said it has agreed to be bought by Kohlberg Kravis Roberts & Co. for $575 million. -- read full article
    Sat, 07 Jun 2008 13:30:06 GMT - Yahoo! News: Business
    Wal-Mart keeps low-price mantra going at meeting (AP)

    Performer Queen Latifah hosts the WalMart Stores Inc. shareholders meeting in Fayetteville, Arkansas, Friday, June 6, 2008. Buoyed by a sharp rise in its stock price from a year ago, executives of Wal-Mart Stores Inc. renewed its message to shareholders of maintaining its low price leadership, while vowing to be a friendly corporate neighbor who's good for the environment and makes customers' lives better. (AP Photo/April L. Brown)AP - Wal-Mart officials, bolstered by a rebounding stock price and improved image, told shareholders on Friday that their renewed focus on price and better merchandise is winning over customers who they expect to keep when the sluggish economy improves.


    -- read full article
    Fri, 06 Jun 2008 22:40:51 GMT - Yahoo! News: Business
    Consumer borrowing rises at slower pace in April (AP)
    AP - Consumers relied a lot less on their credit cards in April with debt in that area rising at the slowest pace in nearly three years. -- read full article
    Fri, 06 Jun 2008 20:11:56 GMT - Yahoo! News: Business
    Asian powers, US voice 'serious concern' on oil spike (AFP)

    File photo shows a view of the Los Angeles skyline shrouded in pollution. The United States and Asia's four largest powers have voiced AFP - The United States and Asia's four largest powers voiced "serious concern" Saturday about a record spike in oil prices but vowed to keep scaling back politically sensitive fuel subsidies.


    -- read full article
    Sat, 07 Jun 2008 08:14:40 GMT - Yahoo! News: Business
    FTC launches antitrust probe of Intel (Reuters)

    An Intel employee in an undated photo. The U.S. Federal Trade Commission has opened a formal antitrust investigation of semiconductor maker Intel Corp  (File/Reuters)Reuters - The world's leading semiconductor maker Intel Corp faces a formal investigation by the U.S. Federal Trade Commission after fighting similar antitrust probes in Europe and Asia, the company said on Friday.


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    Fri, 06 Jun 2008 19:06:09 GMT - Yahoo! News: Business
    Jobless rate leaps to 3-1/2 year high in May (Reuters)

    The U.S. unemployment rate jumped by the most in 22 years in May, reaching its highest level in more than 3-1/2 years and underscoring the recessionary risk the economy still faces. (Graphic/Reuters)Reuters - The U.S. unemployment rate surged to 5.5 percent in May, its highest in more than 3-1/2 years, as the barely growing economy lost jobs for the fifth straight month.


    -- read full article
    Fri, 06 Jun 2008 21:01:07 GMT - Yahoo! News: Business
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