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    Business Headlines
    "Made in Asia" label helps, hinders luxury goods makers (Reuters)

    Italian fashion designer Giorgio Armani speaks in front of the media at his new flagship store, the biggest in Japan, in Tokyo's Ginza shopping district in this November 6, 2007 file photo. Faced with shoppers' concerns about product quality, environmental standards and working conditions in Asia, many European luxury goods makers are determined to keep their factories at home. But some argue that new manufacturing sites can actually boost quality and creativity. (Toru Hanai/Files/Reuters)Reuters - Years ago, when the first Armani boutiques opened in China, a furious customer walked into one of the shops, brandishing two Armani T-shirts.


    -- read full article
    Sun, 22 Jun 2008 00:10:06 GMT - Yahoo! News: Business
    Busch family member backs "strong" Anheuser-Busch (Reuters)

    Bud Light and Budweiser beer is shown in a cooler at the Toluca Mart liquor store in Los Angeles, California June 16, 2008. (Fred Prouser/Reuters)Reuters - Andrew D. Busch, a nonemployee member of Anheuser-Busch Cos Inc's founding Busch family, said on Saturday that he supports the U.S. brewer's efforts to remain "a strong company headquartered in St. Louis."


    -- read full article
    Sat, 21 Jun 2008 23:20:13 GMT - Yahoo! News: Business
    Oil powers seek tonic to record prices in Jeddah (Reuters)

    Saudi officials walk past a Jeddah conference logo in Jeddah, June 21, 2008. (Ali Jarekji/Reuters)Reuters - The world's top energy policy makers meet in this Red Sea city on Sunday for emergency talks on halting oil's unrelenting rally, but divided views over the cause of recent gains emerged early.


    -- read full article
    Sun, 22 Jun 2008 07:42:18 GMT - Yahoo! News: Business
    Lloyds TSB eyes potential German deal: sources (Reuters)

    A man enters a branch of LloydsTSB bank in London, February 22, 2008. (Luke MacGregor/Reuters)Reuters - British bank Lloyds TSB would consider a significant acquisition and is looking at a possible deal in Germany, people familiar with the situation said on Saturday.


    -- read full article
    Sat, 21 Jun 2008 16:50:25 GMT - Yahoo! News: Business
    Other OPEC members may join Saudi oil output hike (Reuters)

    Saudi officials walk past a Jeddah conference logo in Jeddah, June 21, 2008. (Ali Jarekji/Reuters)Reuters - OPEC members with any capacity to spare will discuss boosting output together with top oil exporter Saudi Arabia at an emergency meeting to try to tame record oil, a senior Gulf OPEC official said on Saturday.


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    Sat, 21 Jun 2008 12:40:48 GMT - Yahoo! News: Business
    Banco Santander expects rise in profits in 2008 (Reuters)

    Emilio Botin, chairman of Spain's biggest bank Banco Santander, attends a shareholders meeting in Santander June 21, 2008. (Victor Fraile/Reuters)Reuters - Spain's biggest bank, Banco Santander said on Saturday it would significantly boost profits in 2008, buoyed by growth in Latin America just as many of its international peers suffer credit crunch woes.


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    Sat, 21 Jun 2008 11:04:52 GMT - Yahoo! News: Business
    European shares falter, London banks in focus (AFP)

    A trader shows the GCDS index curve at a bank in Paris, January 2008. Europe's main stock markets dropped, with London hit by losses to heavyweight banks after share prices fell further in Japan(AFP/File/Jean Ayissi)AFP - Europe's main stock markets dropped Friday, with London hit by losses to heavyweight banks after share prices fell further in Japan, traders said.


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    Fri, 20 Jun 2008 12:19:12 GMT - Yahoo! News: Business
    Economy - Friday (Investor's Business Daily)
    Investor's Business Daily - The Int'l Monetary Fund said the U.S. economic slowdown has been less than feared and a slow recovery should begin in '09. The group didn't mention recession in its annual review and urged the Fed to hold interest rates steady. The recommendation assumed inflation will be contained. The IMF sees GDP growth of 1% in '08 and 0.8% in '09 vs. its prior estimates of 0.5% and 0.6%, respectively. -- read full article
    Fri, 20 Jun 2008 23:14:15 GMT - Yahoo! News: Business
    Chrysler says on track despite downturn (Reuters)

    Chrysler Group announces the production of its all new 2008 Chrysler Sebring convertible (R) at the Sterling Heights Assembly plant in Sterling Heights, Michigan June 4, 2007. (Rebecca Cook/Reuters)Reuters - Chrysler LLC is meeting or topping its financial targets despite the deepening slump in U.S. market, the automaker's senior spokeswoman said on Friday.


    -- read full article
    Fri, 20 Jun 2008 23:22:16 GMT - Yahoo! News: Business
    FCC sides with cable in Verizon dispute (Reuters)
    Reuters - The Federal Communications Commission voted on Friday to bar Verizon Communications Inc from marketing to customers to talk them out of a decision to switch their phone service to cable, a source at the agency said on Friday. -- read full article
    Sat, 21 Jun 2008 07:12:10 GMT - Yahoo! News: Business
    S&P may cut debt ratings on Ford, GM, Chrysler (Reuters)

    GM SUV's on display in an autosales lot in Troy, Michigan, June 3, 2008. (Rebecca Cook/Reuters)Reuters - In another blow to beleaguered U.S. automakers, Standard & Poor's on Friday said it may cut its ratings on Ford Motor Co, General Motors and Chrysler LLC, citing financial damage resulting from high gasoline prices.


    -- read full article
    Fri, 20 Jun 2008 20:08:15 GMT - Yahoo! News: Business
    Yahoo exec exits unnerving, reorganization awaited (Reuters)

    A man runs past the headquarters of Yahoo Inc. in Sunnyvale, California May 5, 2008. (Robert Galbraith/Reuters)Reuters - Resigning Yahoo Inc managers appear to be voting with their feet on the future of the Web company.


    -- read full article
    Fri, 20 Jun 2008 22:48:59 GMT - Yahoo! News: Business
    BCE buyout gets go-ahead from Canada's high court (Reuters)

    A telephone booth is seen outside the offices of BCE Inc. in Montreal, June 20, 2008. (Shaun Best/Reuters)Reuters - BCE Inc. , Canada's largest telecom company, won the backing of the country's Supreme Court on Friday to proceed with the world's biggest leveraged buyout, but financing could still trip up the deal.


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    Fri, 20 Jun 2008 22:30:40 GMT - Yahoo! News: Business
    Retail M&A seen restarting with a bang (Reuters)

    A broker sits at his desk on the trading floor at BGC Partners in London on January 22, 2008. (Luke MacGregor/Reuters)Reuters - Retail mergers and acquisitions look to have dried up for at least another nine months, according to speakers at the Reuters Retail and Consumer Summit, but once the credit crunch eases and consumer trends are more predictable, buyers are poised for dealmaking.


    -- read full article
    Fri, 20 Jun 2008 08:59:21 GMT - Yahoo! News: Business
    How the major stock market indexes fared Thursday (AP)
    AP - Stocks ended a back-and-forth session with a modest advance Thursday as a sharp drop in oil prices helped counter renewed concerns about the strength of the economy. Oil fell nearly $5 per barrel after China announced plans to raise caps on gasoline and diesel fuel prices, a move that could ease global demand. -- read full article
    Thu, 19 Jun 2008 21:26:34 GMT - Yahoo! News: Business
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