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    Business Headlines
    BT to invest $3 bln in super-fast broadband (Reuters)
    Reuters - Telecoms group BT plans to invest $3 billion to roll out super-fast broadband to up to 10 million homes by 2012, it said on Tuesday. -- read full article
    Tue, 15 Jul 2008 08:02:40 GMT - Yahoo! News: Business
    Pledge fails to lift cloud over Fannie, Freddie (Reuters)

    Mortgage firm Freddie Mac headquarters is pictured in McLean, Virginia July 13, 2008. U.S. (Larry Downing/Reuters)Reuters - Buyers showed no hesitation in bidding on Freddie Mac's $3 billion debt sale on Monday, just hours after the U.S. government pledged support for the nation's top mortgage finance agencies, but the steps failed to stem growing alarm on Wall Street.


    -- read full article
    Mon, 14 Jul 2008 23:03:45 GMT - Yahoo! News: Business
    Congress to hear Bernanke, Paulson on market strain (Reuters)

    Fed Chairman Ben Bernanke speaks at the Federal Reserve Bank of Chicago's Annual Conference on Bank Structure and Competition May 15, 2008. REUTERS/John GressReuters - Discussion of persistent financial market turmoil is seen as likely to overshadow the Federal Reserve's semi-annual monetary policy outlook when Fed Chairman Ben Bernanke testifies before Congress on Tuesday.


    -- read full article
    Tue, 15 Jul 2008 04:12:01 GMT - Yahoo! News: Business
    Goldman: No turning point for U.S. housing from GSEs plan (Reuters)
    Reuters - A major U.S. government plan to shore up mortgage finance firms Fannie Mae and Freddie Mac will not revive the ailing U.S. housing market yet, wrote Goldman Sachs economists in a research note dated Sunday. -- read full article
    Mon, 14 Jul 2008 15:23:30 GMT - Yahoo! News: Business
    Midwest Air to slash work force by 40 percent (Reuters)

    A Midwest Airlines Boeing 717 jet lands at Mitchell International Airport in Milwaukee, Wisconsin January 11, 2007. (Allen Fredrickson/Reuters)Reuters - Midwest Airlines, a unit of Midwest Air Group, on Monday said it would cut its work force by 1,200 employees, or 40 percent, making it the latest airline to reduce staffing amid soaring fuel prices.


    -- read full article
    Mon, 14 Jul 2008 18:38:03 GMT - Yahoo! News: Business
    Waste Management offers $6.2 bln to buy Republic (Reuters)

    A Waste Management truck is seen in a handout photo. (Waste Management/Handout/Reuters)Reuters - Waste Management Inc on Monday offered to buy Republic Services Inc for about $6.19 billion, potentially derailing the smaller competitor's deal to acquire Allied Waste Industries Inc .


    -- read full article
    Mon, 14 Jul 2008 17:22:16 GMT - Yahoo! News: Business
    Stocks fall on bank jitters (Reuters)

    Traders work on the floor of the New York Stock Exchange, July 8, 2008. (Brendan McDermid/Reuters)Reuters - Stocks tumbled on Monday as concerns about the credit crisis and financial companies outweighed earlier optimism over the government's proposed rescue plan for mortgage finance companies Fannie Mae and Freddie Mac .


    -- read full article
    Mon, 14 Jul 2008 17:38:41 GMT - Yahoo! News: Business
    InBev buys Bud for $52 bln to be top world brewer (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 accepted a sweetened $52 billion takeover bid from Belgium-based InBev NV NV , creating the world's largest beer maker and placing an iconic U.S. company into foreign hands.


    -- read full article
    Mon, 14 Jul 2008 17:08:25 GMT - Yahoo! News: Business
    U.S. pledge fails to lift cloud over Fannie, Freddie (Reuters)

    Secretary of the Treasury Henry Paulson announces that the Treasury Department and Federal Reserve will lend money and buy stocks if necessary to aid embattled mortgage lenders Fannie Mae and Freddie Mac during a statement to the media at the Treasury Building in Washington, July 13, 2008. (Joshua Roberts/Reuters)Reuters - Buyers flocked to Freddie Mac's $3 billion debt sale on Monday, just hours after the U.S. government pledged support for the nation's top mortgage finance agencies, but the steps failed to stem growing alarm on Wall Street.


    -- read full article
    Mon, 14 Jul 2008 18:13:19 GMT - Yahoo! News: Business
    Lockheed chief says U.S. tanker not trade issue (Reuters)
    Reuters - The chief executive of Lockheed Martin Corp , the Pentagon's No. 1 supplier, called the overturn of a $35 billion U.S. Air Force tanker deal involving Europe's EADS a contracting hitch, not a trade issue, and urged Europe to boost its defense spending. -- read full article
    Mon, 14 Jul 2008 01:07:42 GMT - Yahoo! News: Business
    Ex-auto retail sales jump in June: SpendingPulse (Reuters)

    A customer shops at a Wal-Mart Supercenter in Rogers, Arkansas June 5, 2008. (Jessica Rinaldi/Reuters)Reuters - U.S. retail sales excluding cars jumped in June and posted their biggest one-month rise in seven months, as consumers spent some of their government rebate checks, a private report released on Monday showed.


    -- read full article
    Mon, 14 Jul 2008 04:20:06 GMT - Yahoo! News: Business
    Microsoft, Icahn offered Yahoo $2.3 bln annual revenue (Reuters)

    The headquarters of Yahoo Inc. is pictured in Sunnyvale, California, May 5, 2008. (Robert Galbraith/Reuters)Reuters - Microsoft Corp and billionaire investor Carl Icahn's joint proposal for Yahoo Inc , which was rejected on Saturday, included $2.3 billion in guaranteed annual revenue from search advertising for five years, people familiar with the matter said on Sunday.


    -- read full article
    Mon, 14 Jul 2008 01:29:35 GMT - Yahoo! News: Business
    InBev agrees to buy Anheuser for $52 billion (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 - U.S. brewer Anheuser-Busch Cos Inc accepted a sweetened $52 billion takeover bid from Belgium-based InBev NV to create the world's largest beer maker.


    -- read full article
    Mon, 14 Jul 2008 07:05:16 GMT - Yahoo! News: Business
    Rescue of Fannie, Freddie calms markets for now (Reuters)

    Secretary of the Treasury Henry Paulson announces that the Treasury Department and Federal Reserve will lend money and buy stocks if necessary to aid embattled mortgage lenders Fannie Mae and Freddie Mac during a statement to the media at the Treasury Building in Washington, July 13, 2008. (Joshua Roberts/Reuters)Reuters - A U.S government plan to shore up mortgage finance firms Fannie Mae and Freddie Mac helped calm markets on Monday but did little to allay fears about the health of the U.S. financial system.


    -- read full article
    Mon, 14 Jul 2008 07:00:00 GMT - Yahoo! News: Business
    Fannie, Bernanke and data to rule stocks (Reuters)

    Traders work on the floor at the New York Stock Exchange, June 26, 2008. (Brendan McDermid/Reuters)Reuters - The bears have Wall Street cornered and they just won't let go.


    -- read full article
    Sun, 13 Jul 2008 16:57:28 GMT - Yahoo! News: Business
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