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    Business Sub-Categories
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    Business Headlines
    InBev close to Anheuser-Busch deal: report (Reuters)
    Reuters - Anheuser-Busch is in active talks to sell itself to the Belgian brewer InBev NV in a friendly deal, the New York Times said on its website citing people briefed on the matter. -- read full article
    Fri, 11 Jul 2008 06:07:46 GMT - Yahoo! News: Business
    Government considers rescue of Fannie Mae, Freddie Mac: report (Reuters)
    Reuters - The U.S. government is considering taking over mortgage finance companies Fannie Mae and Freddie Mac if their funding problems worsen, in a plan that could leave shareholders nothing, the New York Times reported, citing people briefed on the matter. -- read full article
    Fri, 11 Jul 2008 07:45:35 GMT - Yahoo! News: Business
    Retailers avoid June swoon; tax rebates help (Reuters)
    Reuters - Summer weather, aggressive promotions and tax rebates sent many U.S. consumers shopping in June, giving retailers struggling in the weak economy their strongest month in more than a year. -- read full article
    Thu, 10 Jul 2008 16:55:03 GMT - Yahoo! News: Business
    Dow Chemical to buy Rohm and Haas for $15.3 bln (Reuters)
    Reuters - Dow Chemical Co said on Thursday it would buy rival Rohm and Haas Co for $15.3 billion in a move to broaden its product offerings in higher margin markets such as paints, coatings and electronic materials. -- read full article
    Thu, 10 Jul 2008 18:42:40 GMT - Yahoo! News: Business
    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
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