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    Business Headlines
    Fed may keep open lifeline as housing distress continues (Reuters)

    Federal Reserve Board Chairman Ben Bernanke speaks at the Senate Finance Committee health reform summit in Washington, June 16, 2008. (Jim Young/Reuters)Reuters - Federal Reserve Chairman Ben Bernanke said on Tuesday the U.S. central bank might keep open a lifeline to financial firms, while the latest data showed distress in the housing and retail sectors continues.


    -- read full article
    Tue, 08 Jul 2008 15:55:19 GMT - Yahoo! News: Business
    Wall St. flat as oil drops as GE gains (Reuters)

    Traders work on the floor of the New York Stock Exchange, July 8, 2008. (Brendan McDermid/Reuters)Reuters - Stocks were little changed in a seesaw session on Tuesday as a pullback in oil prices calmed inflation concerns and rekindled optimism about corporate profits but sent energy shares lower.


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    Tue, 08 Jul 2008 18:26:36 GMT - Yahoo! News: Business
    Anheuser-Busch sues InBev over takeover attempt (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 sued its suitor, InBev NV , calling the brewer's takeover attempt an "illegal plan and scheme" to acquire Anheuser "at a bargain price."


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    Tue, 08 Jul 2008 18:21:24 GMT - Yahoo! News: Business
    Oil slumps on easing storm worry and dollar (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 - Oil tumbled more than $5 on Tuesday, pushing losses so far this week to about $10, as forecasters said an Atlantic hurricane would steer clear of offshore oil platforms and the greenback gained against other currencies.


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    Tue, 08 Jul 2008 18:40:32 GMT - Yahoo! News: Business
    IndyMac to stop most mortgage loans, cut 3,800 jobs (Reuters)
    Reuters - IndyMac Bancorp Inc , one of the largest U.S. mortgage lenders, said on Monday it will eliminate 3,800 jobs and stop making most home loans after regulators concluded it was no longer "well capitalized." -- read full article
    Mon, 07 Jul 2008 22:50:16 GMT - Yahoo! News: Business
    US central bank, SEC deepen bank policing ties (AFP)

    This photo shows the US Federal Reserve Building in Washington, DC. The US Federal Reserve and the Securities and Exchange Commission said Monday that they had agreed to deepen ties to better monitor cash-strapped banks which are reeling from a credit crunch.(AFP/File/Karen Bleier)AFP - The US Federal Reserve and the Securities and Exchange Commission said Monday that they had agreed to deepen ties to better monitor cash-strapped banks which are reeling from a credit crunch.


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    Mon, 07 Jul 2008 17:15:14 GMT - Yahoo! News: Business
    G8 says soaring oil, food prices threaten economy (AFP)

    Protesters carry a placard during a protest against soaring prices in Manila on June 26. Eight of the world's most powerful leaders have called for efforts to cool sizzling oil prices, warning soaring fuel and food costs were a threat to world economic growth(AFP/File/Jes Aznar)AFP - Eight of the world's most powerful leaders called Tuesday for efforts to cool sizzling oil prices, warning soaring fuel and food costs were a threat to world economic growth.


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    Tue, 08 Jul 2008 08:03:28 GMT - Yahoo! News: Business
    G8 sees downside economy risks, prods China on yuan (Reuters)
    Reuters - The Group of Eight industrial nations expressed strong concern on Tuesday about sky-high food and oil prices, which they said posed risks for a global economy under serious financial strain. -- read full article
    Tue, 08 Jul 2008 08:01:44 GMT - Yahoo! News: Business
    Mazda confident will reach U.S. sales goal in 08/09 (Reuters)

    Mazda Motor Corp. President and Chief Executive Hisakazu Imaki poses next to the Mazda Atenza sports at a news conference during the 40th Tokyo Motor Show in Chiba, east of Tokyo, October 24, 2007. (Kim Kyung-Hoon/Reuters)Reuters - Mazda Motor Corp (7261.T) is confident it will achieve its U.S. sales target of 290,000 vehicles in the business year to next March despite a sharp downturn in that market, a top executive said on Tuesday.


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    Tue, 08 Jul 2008 05:22:01 GMT - Yahoo! News: Business
    Financial worries weigh on Wall Street (Reuters)

    (R-L) John Casey, Francis Mastroianni, and Anthony Fazio work in the Rice Pit at the Chicago Mercantile Exchange, April 24, 2008. (John Gress/Reuters)Reuters - Stocks fell on Monday on concerns that the top two mortgage providers would have to raise even more capital, severely devaluing existing shareholders' stakes, while big energy companies fell along with oil prices.


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    Mon, 07 Jul 2008 21:35:48 GMT - Yahoo! News: Business
    SEC should investigate Bear collapse: JP Morgan CEO (Reuters)

    People walk past the Bear Stearns building after JPMorgan Chase  and  Co in New York March 17, 2008. (Chip East/Reuters)Reuters - JP Morgan Chase & Co Chief Executive Jamie Dimon said U.S. regulators should investigate whether people betting on Bear Stearns' stock falling deliberately brought down the investment bank.


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    Tue, 08 Jul 2008 03:14:07 GMT - Yahoo! News: Business
    Microsoft says willing to restart Yahoo talks (Reuters)

    A combination image showing the (L) Microsoft and Yahoo logos. (Sebastien Pirlet - L/Rick Wilking - R/Reuters)Reuters - Microsoft Corp said on Monday it would be willing to reopen talks to buy all or part of Yahoo Inc , but only if a new Yahoo board is elected -- a big boost for financier Carl Icahn's board slate.


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    Mon, 07 Jul 2008 20:24:41 GMT - Yahoo! News: Business
    Toyota to add solar panels to Prius hybrid: Nikkei (Reuters)

    A Prius with the new Hybrid engine is seen at the fair stand of Japanese car manufacturer Toyota at the international car show IAA in Frankfurt September 11, 2007. (Alex Grimm/Reuters)Reuters - Toyota Motor Corp (7203.T) plans to install solar panels on its next-generation Prius hybrid cars, becoming the first major automaker to use solar power for a vehicle, the Nikkei business daily reported on Monday.


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    Sun, 06 Jul 2008 23:41:03 GMT - Yahoo! News: Business
    McCain, Obama spring into new battle over economy (AFP)

    Republican White House hopeful John McCain and Democratic rival Barack Obama (pictured in late June) squared off in a fierce new campaign offensive on the economy, the election-year issue most troubling to voters.(AFP/File/Saul Loeb)AFP - White House foes Barack Obama and John McCain traded new shots over the limping US economy Monday, each hoping to connect with voters on the top campaign issue, less than four months from election day.


    -- read full article
    Mon, 07 Jul 2008 15:36:55 GMT - Yahoo! News: Business
    Oil drops on profit-taking, eyeing Iran (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 - Oil dropped around $3 a barrel on Monday on profit-taking and signals that Iran will be more flexible in negotiations over its nuclear program.


    -- read full article
    Mon, 07 Jul 2008 17:57:43 GMT - Yahoo! News: Business
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