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    Business Headlines
    Inflation and job losses keep consumers glum (Reuters)

    Shoppers carry their purchases along Broadway in New York City, May 11, 2008. (Joshua Lott/Reuters)Reuters - Consumer confidence fell more than expected in June, hitting another 28-year low as surging prices and mounting job losses contributed to a bleak outlook, according to a survey released on Friday.


    -- read full article
    Fri, 27 Jun 2008 14:46:05 GMT - Yahoo! News: Business
    New Zealand economy shrinks 0.3 percent in 1Q (AP)
    AP - New Zealand's government said Friday the economy shrank by 0.3 percent in the first quarter of 2008, but the country may just escape falling into recession if the central bank's forecast for minor second-quarter growth holds true. -- read full article
    Fri, 27 Jun 2008 04:32:38 GMT - Yahoo! News: Business
    Web animation site aniBoom raises $10 million (Reuters)

    A screen grab of AniBoom.com. (www.aniboom.com/Reuters)Reuters - AniBoom.com, an Internet home for animators to create and share their work, has raised an additional $10 million in funding led by venture capital firm Draper Fisher Jurvetson.


    -- read full article
    Fri, 27 Jun 2008 04:38:06 GMT - Yahoo! News: Business
    China Mobile says iPhone talks scale biggest hurdle (Reuters)
    Reuters - Talks to bring Apple Inc's iPhone to mainland China have cleared their biggest hurdle and are now focusing on practical issues, the country's top mobile operator China Mobile Ltd (0941.HK) said on Friday. -- read full article
    Fri, 27 Jun 2008 06:59:35 GMT - Yahoo! News: Business
    Premiere says unaware of any News Corp bid plans (Reuters)

    People leave the News Corporation building in New York, June 26, 2007. (Keith Bedford/Reuters)Reuters - German pay television group Premiere (PREGn.DE) is unaware of any plans by big shareholder News Corp (NWSa.N) to acquire the company, Premiere said on Friday, declining further comment on what it called speculation.


    -- read full article
    Fri, 27 Jun 2008 07:25:17 GMT - Yahoo! News: Business
    Anheuser snubs takeover bid; InBev preps for battle (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 - Anheuser-Busch Cos Inc rejected InBev NV's $46.3 billion takeover bid on Thursday, calling it inadequate, but the largest U.S. brewer left the door open to a higher bid.


    -- read full article
    Fri, 27 Jun 2008 02:08:06 GMT - Yahoo! News: Business
    U.S. M&A slumps, but strategic deals help fill void (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 - Merger activity in the United States dropped 29 percent in the second quarter, faring better than the 40 percent global slump, as corporations filled the void left by buyout firms and targeted big consumer brands such as Anheuser-Busch Cos Inc and Wm. Wrigley Jr Co .


    -- read full article
    Fri, 27 Jun 2008 04:20:11 GMT - Yahoo! News: Business
    Summary Box: Gov't battles nonprofits on loan help (AP)
    AP - The Bush administration wants to stop charities from offering down-payment assistance made through contributions from home sellers. -- read full article
    Thu, 26 Jun 2008 18:04:34 GMT - Yahoo! News: Business
    Fragile economy improves but not out of woods yet (AP)
    AP - The fragile economy improved slightly at the beginning of the year and could grow a bit stronger in the current quarter as extra cash from tax rebates spurs people to buy more. Still, it's not out of danger yet. -- read full article
    Thu, 26 Jun 2008 18:04:02 GMT - Yahoo! News: Business
    Nasdaq falls more than 3 percent on profit outlooks (Reuters)

    Traders work on the floor of the New York Stock Exchange June 24, 2008. (Brendan McDermid/Reuters)Reuters - NEW YORK (Reuters) -The Nasdaq fell more than 3 percent on Thursday as investors dumped technology shares after weak profit outlooks from BlackBerry maker Research in Motion and software maker Oracle Corp .


    -- read full article
    Thu, 26 Jun 2008 18:35:09 GMT - Yahoo! News: Business
    Existing-homes sales rise; GDP growth revised up (Reuters)

    Customers shop inside a Sam's Club in Fayetteville, Arkansas, June 5, 2008. (Jessica Rinaldi/Reuters)Reuters - Sales of previously owned U.S. homes rose in May and the glut of homes for sale shrank, but prices were off sharply from a year ago, suggesting the housing sector remains a big weight on the economy.


    -- read full article
    Thu, 26 Jun 2008 17:08:46 GMT - Yahoo! News: Business
    Citigroup sinks to 10-year low, Goldman urges short sale (Reuters)

    Pedestrians walk past a Citibank branch in San Francisco, June 23, 2008. (Robert Galbraith/Reuters)Reuters - Citigroup Inc shares fell to their lowest level in nearly a decade after a Goldman Sachs & Co analyst said investors should sell the largest U.S. bank's stock short as losses mount from troubled debt.


    -- read full article
    Thu, 26 Jun 2008 14:53:05 GMT - Yahoo! News: Business
    GM drops to 53-year low, Goldman urges "sell" (Reuters)

    General Motors pick-up trucks are displayed in an autosales lot in Troy, Michigan June 3, 2008. (Rebecca Cook/Reuters)Reuters - Shares of General Motors Corp hit their lowest level since 1955 and dragged down the auto sector on Thursday after Goldman Sachs cut the struggling U.S. industry's largest manufacturer to a "sell" rating and warned it would have to raise capital.


    -- read full article
    Thu, 26 Jun 2008 17:14:32 GMT - Yahoo! News: Business
    Oil hits record over $140 as Libya mulls cuts (Reuters)

    A gas flame is seen in the desert near the Khurais oilfield in Saudi Arabia, June 23, 2008. (Ali Jarekji/Reuters)Reuters - Oil prices surged to a record over $140 a barrel on Thursday after Libya said it was studying options to cut output in response to possible U.S. actions against producer countries.


    -- read full article
    Thu, 26 Jun 2008 18:40:35 GMT - Yahoo! News: Business
    Countrywide shareholders approve takeover by BofA (AP)
    AP - Countrywide Financial Corp.'s shareholders cleared the way Wednesday for the company to be taken over by Bank of America Corp., even as officials in two states filed lawsuits claiming the distressed mortgage lender misled borrowers into taking on risky home loans. -- read full article
    Wed, 25 Jun 2008 22:02:53 GMT - Yahoo! News: Business
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