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    Business Headlines
    Hyundai union calls for work stoppage next week (Reuters)

    An employee talks on a phone at a Hyundai automobile shop in Seoul April 24, 2008. Unionized employees of Hyundai Motor Co will walk off the job for four hours next week to push for a pay increase, the auto maker's union said on Saturday. (Jo Yong-Hak/Reuters)Reuters - Unionized employees of Hyundai Motor Co (005380.KS) will walk off the job for four hours next week to push for a pay increase, the auto maker's union said on Saturday.


    -- read full article
    Sat, 05 Jul 2008 03:11:52 GMT - Yahoo! News: Business
    BCE buyers finalize funding (Reuters)

    A sign is seen outside the offices of BCE Inc., Canada's largest telecoms group, in Montreal, May 21, 2008. (Shaun Best/Reuters)Reuters - Announcing what it said were "essential milestones" allowing the world's largest leveraged buyout to go ahead, BCE Inc said on Friday that its buyers had finalized funding and were sticking to their C$34.8-billion ($34.1 billion) purchase price.


    -- read full article
    Fri, 04 Jul 2008 21:01:01 GMT - Yahoo! News: Business
    Australia's Origin Energy rejects BG's $13B bid (AP)
    AP - Origin Energy Ltd., Australia's second largest power retailer, rejected a $13 billion takeover bid Friday from British natural gas producer BG Group. -- read full article
    Fri, 04 Jul 2008 09:52:37 GMT - Yahoo! News: Business
    Smooth sailing for yacht builders despite economy (AP)

    Trinity Boat Vice President William S. Smith III, left, and Trinity Boat President John Dane III pose in front of one of their super yachts at Trinity Boats in New Orleans, Tuesday, April 29, 2008. Although the world economy is being shaken by $135-per-barrel oil, there's no shortage of buyers willing to put down tens of millions of dollars for a 'super yacht,' a floating second home reserved for stratospheric income brackets. (AP Photo/Dave Martin)AP - Fuel prices are soaring and credit markets tightening, but the super-rich are still lining up to pay tens of millions of dollars for mega yachts.


    -- read full article
    Fri, 04 Jul 2008 18:09:05 GMT - Yahoo! News: Business
    EU opens in-depth investigation of Rio-BHP deal (Reuters)
    Reuters - The European Commission opened an in-depth investigation on Friday into BHP Billiton's $170 billion unsolicited bid for rival miner Rio Tinto , with prices of iron ore already soaring. -- read full article
    Fri, 04 Jul 2008 16:56:27 GMT - Yahoo! News: Business
    Tax credit to save UBS from hefty loss (Reuters)

    The logo of Swiss bank UBS AG is pictured at one of its buildings in Lucerne April 4, 2008. (Michael Buholzer/Reuters)Reuters - Battered Swiss bank UBS said on Friday it should be saved from another hefty loss in the second quarter by a large tax credit, giving a much-needed though short-lived boost to its share price.


    -- read full article
    Fri, 04 Jul 2008 13:19:51 GMT - Yahoo! News: Business
    French bank body fines SocGen $6 million over Kerviel (Reuters)

    Former Societe Generale junior trader Jerome Kerviel poses in a hotel in the Paris suburb of Neuilly during an exclusive photo session May 27, 2008. (Philippe Wojazer/Reuters)Reuters - France's Banking Commission on Friday fined Societe Generale 4 million euros ($6.3 million) for serious breaches in internal controls revealed by the French bank's 4.9 billion euro rogue trading loss.


    -- read full article
    Fri, 04 Jul 2008 17:34:07 GMT - Yahoo! News: Business
    Merrill nears deal to sell Bloomberg stake: report (Reuters)

    A Merrill Lynch sign is seen in Toronto, April 29, 2008. (Mark Blinch/Reuters)Reuters - Merrill Lynch & Co may sell its 20 percent stake in financial news and data provider Bloomberg LP to a blind trust controlled by New York City Mayor Michael Bloomberg, The New York Post reported on Friday.


    -- read full article
    Fri, 04 Jul 2008 18:01:26 GMT - Yahoo! News: Business
    BCE buyers finalize funding (Reuters)

    A sign is seen outside the offices of BCE Inc., Canada's largest telecoms group, in Montreal, May 21, 2008. (Shaun Best/Reuters)Reuters - The buyers of telecoms company BCE Inc are sticking to the agreed C$34.8-billion ($34.1 billion) purchase price and have finalized the funding for the deal to go ahead, the company said on Friday.


    -- read full article
    Fri, 04 Jul 2008 14:26:07 GMT - Yahoo! News: Business
    Australia's Origin Energy rejects BG's $13B bid (AP)
    AP - Origin Energy Ltd., Australia's second largest power retailer, rejected a $13 billion takeover bid Friday from British natural gas producer BG Group. -- read full article
    Fri, 04 Jul 2008 06:04:12 GMT - Yahoo! News: Business
    Economy - Thursday (Investor's Business Daily)
    Investor's Business Daily - The benchmark 30-year fixed home loan rate fell 10 basis points to 6.35%, ending a 5-week uptrend to a 9-month peak, mortgage finance giant Freddie Mac said. Weaker economic data made a Fed rate hike less likely, pushing Treasury yields and mortgage rates lower. The 15-year fixed-rate mortgage slid 12 ticks to 5.92%. The 1-year ARM fell 10 basis points to 5.17%. -- read full article
    Thu, 03 Jul 2008 22:02:08 GMT - Yahoo! News: Business
    G-8 leaders face ominous economic woes this year (AP)

    In this May 26, 2008 file photo, a student protester hurls a rock at riot police officers during a protest against fuel price hikes in Jakarta, Indonesia.   Between surging oil prices, food inflation and a credit crunch that's depressed global growth, leaders from the Group of Eight economic powers face the gravest combination of economic woes in at least a decade when they gather next week.  (AP Photo/Dita Alangkara, File)AP - Between surging oil prices, food inflation and a credit crunch that's depressed global growth, leaders from the Group of Eight economic powers face the gravest combination of economic woes in at least a decade when they gather next week.


    -- read full article
    Fri, 04 Jul 2008 08:41:54 GMT - Yahoo! News: Business
    BSkyB mulls $4 billion bid for Spain's Digital Plus-FT (Reuters)
    Reuters - British pay-TV firm BSkyB is considering a bid of more than 2.5 billion euros ($4 billion) for Spanish pay-TV platform Digital Plus, the Financial Times said on Friday. -- read full article
    Fri, 04 Jul 2008 06:39:36 GMT - Yahoo! News: Business
    For stocks, escaping bear hinges on oil, GE (Reuters)

    A trader works on the floor of the New York Stock Exchange, June 26, 2008. (Brendan McDermid/Reuters)Reuters - It will be tough for Wall Street to shake off the bear market blues next week if the price of oil keeps rising and the earnings season kick-off from Alcoa and General Electric disappoints investors.


    -- read full article
    Thu, 03 Jul 2008 23:36:57 GMT - Yahoo! News: Business
    Former 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 fleecing investors of more than $2.4 billion in a fraud that destroyed the world's largest independent commodities broker.


    -- read full article
    Thu, 03 Jul 2008 20:30:23 GMT - Yahoo! News: Business
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