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    Business Headlines
    U.S. needs financial regulatory overhaul: officials (Reuters)
    Reuters - Policy-makers said on Thursday they were doing everything possible to restore calm to financial markets, but stressed to lawmakers that a longer-term regulatory overhaul was vital to avert future crises. -- read full article
    Thu, 10 Jul 2008 18:31:03 GMT - Yahoo! News: Business
    Dow, S&P turn negative on oil, financials (Reuters)

    Traders work on the floor of the New York Stock Exchange, July 8, 2008. (Brendan McDermid/Reuters)Reuters - The Dow and the S&P 500 turned negative on Thursday as the price of oil jumped more than $5 and financial stocks fell on worries about more credit losses.


    -- read full article
    Thu, 10 Jul 2008 18:37:30 GMT - Yahoo! News: Business
    Lehman shares drop, Pimco says still trading (Reuters)
    Reuters - Pimco, the world's biggest bond fund, said Thursday that it continues to trade normally with Lehman Brothers Holdings Inc , as rumors that it had pulled business away from the investment bank clobbered Lehman's shares and bonds. -- read full article
    Thu, 10 Jul 2008 18:08:02 GMT - Yahoo! News: Business
    Fannie, Freddie stocks and bonds plummet (Reuters)
    Reuters - A firestorm of anxiety hammered the debt and shares of U.S. mortgage giants Fannie Mae and Freddie Mac for a second day on Thursday as fears mounted over their ability to raise the capital they need to survive. -- read full article
    Thu, 10 Jul 2008 17:32:24 GMT - Yahoo! News: Business
    $4 gas may help rural towns as shoppers stay local (AP)

    Herman Heaton, a 72-year-old retired lumber mill worker from Thomasville, Ala., speaks during an interview with The Associated Press Wednesday, June 25, 2008, in Thomasville.  Heaton, who no longer goes to Mobile to shop as much as he used to, said he now spends about $600 a month on gas, about 10 percent of his income and about double what he spent last year. (AP Photo/Dave Martin)AP - Residents in once-sleepy Thomasville have started complaining about traffic jams on Route 43, which runs right through the town.


    -- read full article
    Wed, 09 Jul 2008 22:08:39 GMT - Yahoo! News: Business
    Economy - Wednesday (Investor's Business Daily)
    Investor's Business Daily - The Mortgage Bankers Association said home loan applications rose in the week ended July 4, despite rising interest rates, to the highest level since early June. Refinance applications rose 8.7%. Demand for mortgages to buy a home grew 6.7%. The average rate for 30-year fixed-rate mortgages rose to 6.43% last week vs. 6.33% a week earlier. -- read full article
    Wed, 09 Jul 2008 22:50:55 GMT - Yahoo! News: Business
    Yahoo to offer its search services to outside firms (Reuters)
    Reuters - Yahoo Inc will let customers, academics and even rivals build customized Web search services on top of its own technology, introducing a resale model into a major Internet market where it ranks a distant No. 2 to Google Inc . -- read full article
    Thu, 10 Jul 2008 04:44:02 GMT - Yahoo! News: Business
    US Airways drops in-flight movies to cut costs (Reuters)

    A U.S. Airways plane taxis in Phoenix, Arizona, October 13, 2007. (John Gress/Reuters)Reuters - The Hollywood studios will take a revenue hit when US Airways does away with in-flight movies, but executives don't expect other airlines to follow suit.


    -- read full article
    Thu, 10 Jul 2008 00:55:22 GMT - Yahoo! News: Business
    Wachovia names Steel CEO, sees loss (Reuters)

    Robert Steel, Wachovia's newly named Chief Executive, poses in an undated handout photo. (Wachovia/Handout/Reuters)Reuters - Wachovia Corp , the fourth-largest U.S. bank, named senior Treasury Department official Robert Steel chief executive, and said mortgage and legal problems would result in a $2.6 billion to $2.8 billion second-quarter loss, much larger than many analysts expected.


    -- read full article
    Thu, 10 Jul 2008 00:49:13 GMT - Yahoo! News: Business
    Economic outlook weaker with higher oil: panel (Reuters)
    Reuters - Higher U.S. energy prices, a deteriorating labor market and falling stock prices have raised the likelihood the world's richest economy will enter into recession this year or has already done so, according to forecasts of a closely watched panel of economists released on Thursday. -- read full article
    Thu, 10 Jul 2008 05:26:44 GMT - Yahoo! News: Business
    Pentagon reopening contest to build aerial tankers (Reuters)

    Secretary of Defense Robert Gates speaks during a press briefing at the Pentagon in Washington, July 9, 2008. (Molly Riley/Reuters)Reuters - Defense Secretary Robert Gates on Wednesday reopened a bitter $35 billion aerial tanker contest after the selection process that picked Northrop Grumman Corp and EADS over Boeing Co was found to be flawed.


    -- read full article
    Wed, 09 Jul 2008 22:56:44 GMT - Yahoo! News: Business
    $4 gas may help rural towns as shoppers stay local (AP)
    AP - Residents in once-sleepy Thomasville have started complaining about traffic jams on Route 43, which runs right through the town. -- read full article
    Wed, 09 Jul 2008 16:32:44 GMT - Yahoo! News: Business
    China market sees signs of economic policy easing (Reuters)

    A vendor rests at a cloth stall of a market in Hefei, Anhui province June 10, 2008. (Jianan Yu/Reuters)Reuters - A flurry of visits by Chinese leaders to cities hit by sluggish exports and a reported tax rebate for textile exporters are being interpreted by the market as signals that Beijing might cautiously ease tight economic policies.


    -- read full article
    Wed, 09 Jul 2008 12:52:53 GMT - Yahoo! News: Business
    Stocks fall as oil rises, Cisco drops (Reuters)

    Traders work on the floor of the New York Stock Exchange, July 8, 2008. (Brendan McDermid/Reuters)Reuters - Stocks fell on Wednesday as rising oil prices renewed concerns about the impact of higher energy costs on consumer spending, while a sharp drop in Cisco Systems Inc shares sent the Nasdaq nearly 1 percent lower.


    -- read full article
    Wed, 09 Jul 2008 17:58:44 GMT - Yahoo! News: Business
    Best Buy looks to new categories to drive sales (Reuters)

    A Best Buy store in Westminster, Colorado June 27, 2007. (Rick Wilking/Reuters)Reuters - Electronics retailer Best Buy Co is looking to new product categories and business models to help it double annual sales to $80 billion over the next five years, executives said on Wednesday.


    -- read full article
    Wed, 09 Jul 2008 18:50:20 GMT - Yahoo! News: Business
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