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    Business Headlines
    Stocks end mixed following jobs, services data (AP)

    In this March 7, 2008 file photo, trader Richard Tandy Jr., center, works on the floor of the New York Stock Exchange. The nation's psyche is battered and bruised, the sense of pessimism palpable. The Independence Day holiday is typically a time to honor all that we are as a nation, but the feeling is there's less to celebrate on this our 232nd birthday. Happy? It would seem not. (AP Photo/Richard Drew, file)AP - Wall Street capped a shortened trading week with a mixed finish Thursday after some uneven economic data: news of a contraction in the nation's services sector and a tame reading on employment. But stocks still had their third dismal week in a row, with the major indexes again posting losses as worries about rising oil prices and the fallout from the credit crisis dogged the market.


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    Thu, 03 Jul 2008 21:23:28 GMT - Yahoo! News: Business
    Coca-Cola agrees to $137.5 mln settlement in case (Reuters)

    A can of Coca-Cola is pictured in San Diego June 23, 2008. (Mike Blake/Reuters)Reuters - Coca-Cola Co agreed to pay $137.5 million to settle a shareholder lawsuit that claimed the world's largest soft drink maker artificially inflated sales to boost its stock price, according to court documents.


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    Mon, 07 Jul 2008 00:40:32 GMT - Yahoo! News: Business
    Merrill considers Bloomberg, BlackRock sales: report (Reuters)
    Reuters - Merrill Lynch & Co is moving closer to selling stakes in financial firm BlackRock Inc and information provider Bloomberg LP in an effort to raise cash to make up for $6 billion in coming write-downs, the Wall Street Journal said Monday citing people familiar with the matter. -- read full article
    Mon, 07 Jul 2008 06:22:29 GMT - Yahoo! News: Business
    Buyout spats bruise many, damage trust (Reuters)

    A telephone booth and company sign are seen outside the offices of BCE Inc., Canada's largest telecoms group, in Montreal, May 21, 2008. (Shaun Best/Reuters)Reuters - Spats over the last remaining leveraged takeovers forged during the private equity boom have mostly been resolved, but Wall Street banks, buyout firms and the companies they target have been left more than a little bruised.


    -- read full article
    Mon, 07 Jul 2008 04:00:26 GMT - Yahoo! News: Business
    GM mulling thousands of job cuts, sale of brands: report (Reuters)

    The corporate logo for the General Motors Corp. General Motors Corp. said Thursday it was halting development of its next-generation pickup trucks and sport utility vehicles amid soaring gasoline prices.(AFP/File/Stan Honda)Reuters - General Motors Corp is planning to cut thousands of white-collar jobs and is considering whether it should sell or stop production of more of its brands, The Wall Street Journal said, citing people familiar with the matter.


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    Mon, 07 Jul 2008 05:15:48 GMT - Yahoo! News: Business
    NBC Universal, partners to buy Weather Channel (Reuters)

    An undated screenshot of The Weather Channel's screensaver. (PRNewsFoto/Reuters)Reuters - NBC Universal and private equity firms Bain Capital and Blackstone Group said on Sunday they agreed to buy The Weather Channel from Landmark Communications.


    -- read full article
    Mon, 07 Jul 2008 03:16:10 GMT - Yahoo! News: Business
    China premier: Continue inflation fight (AP)
    AP - China's premier called for continued vigilance against inflation that has reached 12-year highs, saying the government should ensure that price increases are "acceptable," a state-run news agency reported Sunday. -- read full article
    Sun, 06 Jul 2008 16:10:28 GMT - Yahoo! News: Business
    Economy casts pall on Sun Valley media fest (Reuters)
    Reuters - The deteriorating U.S. economy and slumping stock prices will frame discussions among top media and technology executives at the 26th annual Allen & Co confab in Sun Valley, Idaho, next week. -- read full article
    Sun, 06 Jul 2008 14:22:11 GMT - Yahoo! News: Business
    Is capitulation on the cards? (Reuters)

    A New York City cab driver fills his taxi up with gas at a Hess station in New York July 2, 2008. (Shannon Stapleton/Reuters)Reuters - Profit warnings, breaches of key index levels, record oil prices, stressed consumers and investors seeking safety provide the background for markets this week, and many people are wondering how long this will all last.


    -- read full article
    Sun, 06 Jul 2008 15:04:35 GMT - Yahoo! News: Business
    Hyundai cuts, Kia lifts domestic sales target (Reuters)
    Reuters - Hyundai Motor Co (005480.KS), South Korea's top auto maker, said on Sunday it had cut its local sales target for this year by 6 percent as record-breaking oil prices are hitting consumer sentiment in Asia's fourth-largest economy. -- read full article
    Sun, 06 Jul 2008 05:35:13 GMT - Yahoo! News: Business
    Alabama likely site of new VW plant: paper (Reuters)
    Reuters - The U.S. State of Alabama will be the likely home of a new Volkswagen manufacturing plant, beating two other states, German industry newsletter Automobilwoche said on Saturday, citing senior company sources. -- read full article
    Sat, 05 Jul 2008 13:13:45 GMT - Yahoo! News: Business
    Auto sector woes could spur deals: Renault CEO (Reuters)

    Nissan Motor Co and Renault SA's Chief Executive Carlos Ghosn listens to a question during a news conference in Yokohama, south of Tokyo June 25, 2008. (Yuriko Nakao/Reuters)Reuters - A current slump in the global automotive sector could give fresh impetus to plans for consolidation within the industry, the head of French carmaker Renault said on Saturday.


    -- read full article
    Sat, 05 Jul 2008 17:04:33 GMT - Yahoo! News: Business
    Postbank sale may fail over target price: report (Reuters)

    A woman walks past a Postbank branch in Frankfurt, Germany, June 17, 2004. (Alex Grimm/Reuters)Reuters - The sale of Germany's biggest retail bank Deutsche Postbank could fail because the price potential bidders are willing to pay does not meet the expectations of the lender's parent, Deutsche Post, a German magazine reported on Saturday.


    -- read full article
    Sat, 05 Jul 2008 17:02:52 GMT - Yahoo! News: Business
    Smooth sailing for yacht builders despite economy (AP)

    Workers continue preparations on a super yacht at Trinity Boats in New Orleans, Tuesday, April 29, 2008. These days at New Orleans-based Trinity Yachts, the largest domestic builder, the biggest problems are having enough workers and enough time to handle the 24 custom contracts the company has for the luxury vessels.  'Nobody is buying these yachts because they need them,' said William S. Smith III, Trinity's vice president. 'They're buying them because they want them.' (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
    Sat, 05 Jul 2008 04:21:59 GMT - Yahoo! News: Business
    World stocks fall on financial shares, oil drops (Reuters)

    A trader gestures in front of an electronic display board inside the Philippine stock exchange in the Makati financial district of Manila July 3, 2008. (John Javellana/Reuters)Reuters - World stocks edged lower on Friday, getting no relief from a decline in crude prices as concerns of further banking write-downs weighed on financial shares.


    -- read full article
    Fri, 04 Jul 2008 19:35:38 GMT - Yahoo! News: Business
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