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    Business Headlines
    Energy shares, tame jobs data lift Dow (Reuters)

    Traders can be seen on the floor of the crude oil futures pit of the New York Mercantile Exchange in New York, June 30, 2008. (Lucas Jackson/Reuters)Reuters - NEW YORK (Reuters) -The Dow rose on Thursday, a day after the blue-chip average entered a bear market, on relief payrolls data was not as weak as some had feared and with another record oil price boosting energy shares.


    -- read full article
    Thu, 03 Jul 2008 18:12:45 GMT - Yahoo! News: Business
    Ex-Refco CEO gets 16 years in prison (Reuters)

    Former Refco Chief Executive Phillip Bennett arrives for his sentencing hearing at Manhattan federal court in New York July 3, 2008. (Keith Bedford - UNITED STATES/Reuters)Reuters - Phillip Bennett, the former chief executive of Refco, was sentenced to 16 years in prison on Thursday for a nearly decade-long fraud that ultimately pulled the commodities brokerage into bankruptcy.


    -- read full article
    Thu, 03 Jul 2008 17:16:57 GMT - Yahoo! News: Business
    Economy extends job loss streak (Reuters)

    U.S. employers cut workers from their payrolls for the sixth straight month in June for the longest losing employment streak since 2002, government data on Thursday showed. (Graphics/Reuters)Reuters - U.S. employers cut workers for a sixth straight month in June for the longest such streak since 2002 and vast service sector unexpectedly contracted, underscoring the economy's frailty.


    -- read full article
    Thu, 03 Jul 2008 15:18:41 GMT - Yahoo! News: Business
    Circuit City shares fall as Blockbuster yanks bid (AP)
    AP - Circuit City Stores Inc. plummeted to historic lows in trading Wednesday after Blockbuster Inc. withdrew its takeover bid, causing investors to question the consumer electronics retailer's future. -- read full article
    Wed, 02 Jul 2008 22:55:27 GMT - Yahoo! News: Business
    Ex-NYSE chief can keep 100-million-dollar payout: court (AFP)

    (An appeals court Tuesday gave former New York Stock Exchange (NYSE) chief Richard Grasso, pictured in 2003, a total victory Tuesday, dismissing all claims seeking reimbursement of a contested 100-million-dollar severance payout.(AFP/NYSE/File)AFP - An appeals court Tuesday gave former New York Stock Exchange (NYSE) chief Richard Grasso a total victory by dismissing all claims seeking reimbursement of a contested 100-million-dollar severance payout.


    -- read full article
    Tue, 01 Jul 2008 22:30:07 GMT - Yahoo! News: Business
    Shares tumble worldwide on "Super Thursday" (Reuters)

    Pedestrians walk past an electronic board showing Japan's Nikkei and foreign countries' share average in Tokyo July 3, 2008. (Kim Kyung-Hoon/Reuters)Reuters - A global sell-off knocked world shares to a five-month low on Thursday as surging oil fanned concerns about inflation and slowing growth, just hours ahead of an expected euro zone interest rate hike and a key U.S. jobs report.


    -- read full article
    Thu, 03 Jul 2008 08:44:08 GMT - Yahoo! News: Business
    Chrysler to explore ties with China's Great Wall (Reuters)
    Reuters - Chrysler LLC has signed a memorandum of understanding with China's Great Wall Motor Co (2333.HK) to explore long-term business ties in various areas including distribution, components and technology. -- read full article
    Thu, 03 Jul 2008 05:00:54 GMT - Yahoo! News: Business
    Dow's bear market run spells trouble for Wall St. (Reuters)

    With the Dow sliding into a bear market on Wednesday, the dark days on Wall Street are far from over, amid record oil prices, struggling consumers and the never-ending credit crisis. (Graphics/Reuters)Reuters - With the Dow sliding into a bear market on Wednesday, the dark days on Wall Street are far from over, amid record oil prices, struggling consumers and the never-ending credit crisis.


    -- read full article
    Wed, 02 Jul 2008 22:49:22 GMT - Yahoo! News: Business
    Paulson says inflation becoming top global focus (Reuters)

    Treasury Secretary Henry Paulson speaks to Russian President Dmitry Medvedev (not pictured) in the Kremlin in Moscow June 30, 2008. (Denis Sinyakov/Reuters)Reuters - U.S. Treasury Secretary Henry Paulson said on Thursday that inflation was becoming the top economic focus of many countries around the world as oil and food prices take their toll.


    -- read full article
    Thu, 03 Jul 2008 07:46:56 GMT - Yahoo! News: Business
    Microsoft, Yahoo mull media partner options: sources (Reuters)

    Microsoft CEO Steve Ballmer speaks near Tel Aviv, May 21, 2008. (Gil Cohen Magen/Reuters)Reuters - Microsoft Corp and Yahoo Inc have been holding separate talks with other potential media partners after their negotiations with each other broke down, sources familiar with the companies' thinking said on Wednesday.


    -- read full article
    Thu, 03 Jul 2008 03:01:38 GMT - Yahoo! News: Business
    Marks and Spencer shares plunge on profits warning (AFP)

    A Marks and Spencer store in central London, April 2006. Clothing-to-food retailer Marks and Spencer, regarded as a barometer of consumer sentiment in Britain, saw its share price dive by almost a quarter Wednesday after delivering a gloomy profits warning.(AFP/File/John D McHugh)AFP - Clothing-to-food retailer Marks and Spencer, regarded as a barometer of consumer sentiment in Britain, saw its share price dive by almost a quarter Wednesday after delivering a gloomy profits warning.


    -- read full article
    Wed, 02 Jul 2008 17:04:01 GMT - Yahoo! News: Business
    U.S. jobs picture grim, housing struggles (Reuters)

    Finished 2008 Ford Focus vehicles roll down the assembly line at the Ford Motor Company's Wayne Stamping and Assembly Plant in Wayne, Michigan, October 15, 2007. (Rebecca Cook/Reuters)Reuters - U.S. private employers slashed 79,000 jobs in June while planned layoffs at U.S. firms rose nearly 50 percent above year-ago levels, according to data that may spell bad news for a government payrolls report this week.


    -- read full article
    Wed, 02 Jul 2008 15:21:37 GMT - Yahoo! News: Business
    Fugitive ex-hedge fund manager Israel surrenders (Reuters)

    Samuel Israel is seen in this picture released by the U.S. Marshals office. (U.S. Department of Justice/Handout/Reuters)Reuters - Fugitive former hedge fund manager Samuel Israel III surrendered to police in Massachusetts on Wednesday, ending a four-week manhunt after he faked his own death to avoid a 20-year prison sentence.


    -- read full article
    Wed, 02 Jul 2008 17:23:23 GMT - Yahoo! News: Business
    Paulson: U.S. home prices to fall (Reuters)

    Treasury Secretary Henry Paulson pauses during remarks about the Federal Reserve and trying to reduce threats to the economy at a Women in Housing and Finance meeting in Washington, June 19, 2008. (Jonathan Ernst/Reuters)Reuters - U.S. Treasury Secretary Henry Paulson said on Wednesday that high oil prices, further home price declines and capital markets turmoil will prolong the American economy's slowdown, while Europe and the UK were also showing signs of slower growth.


    -- read full article
    Wed, 02 Jul 2008 15:02:04 GMT - Yahoo! News: Business
    Stocks extend losses as oil hits record (Reuters)

    Traders work on the floor of the New York Stock Exchange January 28, 2008. (Brendan McDermid/Reuters)Reuters - Stocks extended losses on Wednesday as the price of oil hit a record, exacerbating concerns about the toll that soaring oil is taking on the economy and corporate profits.


    -- read full article
    Wed, 02 Jul 2008 18:40:15 GMT - Yahoo! News: Business
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