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    Business Headlines
    Stocks rise on Dow Chemical deal, Bernanke (Reuters)

    Traders work on the floor of the New York Stock Exchange, July 8, 2008. (Brendan McDermid/Reuters)Reuters - Stocks rose on Thursday, helped by optimism about a major deal in the chemicals sector and after the Federal Reserve chairman said the central bank and the government are focused on stabilizing the financial system.


    -- read full article
    Thu, 10 Jul 2008 20:52:58 GMT - Yahoo! News: Business
    Lehman shares drop, Pimco says still trading (Reuters)
    Reuters - Lehman Brothers Holdings Inc shares tumbled to an eight-year low on Thursday as the investment bank was battered by rumors -- later discredited -- that some key counterparties had pulled business away from it. -- read full article
    Thu, 10 Jul 2008 23:07:27 GMT - Yahoo! News: Business
    Citi sells German business for $7.7 billion (Reuters)
    Reuters - Citi will sell its German retail business to France's Credit Mutuel for $7.7 billion, it said on Friday, part of a global reorganization of the U.S. bank. -- read full article
    Fri, 11 Jul 2008 08:02:41 GMT - Yahoo! News: Business
    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
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