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    Business Sub-Categories
    Corporate Earnings, European Business & Economy, Personal Finance, Stock Markets, U.S. Economy
    Business Headlines
    Investor's Quiz: Was Pullback To 10-Week Line Proper? (Investor's Business Daily)
    Investor's Business Daily - The company at this time was heavily traded and owned by dozens of mutual funds. -- read full article
    Tue, 22 Jul 2008 22:06:07 GMT - Yahoo! News: Business
    Moderate and lower earners under more pressure (Reuters)
    Reuters - The trouble that began last summer in the financial markets raised the likelihood of a U.S. recession, but for America's middle class, the downturn has been under way for many years, experts plan to tell a congressional panel on Wednesday. -- read full article
    Tue, 22 Jul 2008 23:56:23 GMT - Yahoo! News: Business
    Vote looms in Congress on housing rescue plan (Reuters)

    Graphic fact file on US housing finance giants Fannie Mae and Freddie Mac, which were put under Federal Reserve oversight and given bigger credit lines. US Treasury Secretary Henry Paulson warned Tuesday that more time will be needed to get past the current financial turmoil and called for better regulation to prevent a recurrence.(AFP Graphic/Martin Megino/Gal/Js)Reuters - A major rescue package for the U.S. housing market is scheduled to come to a vote in the House of Representatives on Wednesday, with lawmakers agreeing final language late on Tuesday and congressional analysts putting a $25-billion potential price tag on a new provision.


    -- read full article
    Wed, 23 Jul 2008 04:22:11 GMT - Yahoo! News: Business
    National City looking to sell unit: report (Reuters)
    Reuters - National City Corp is trying to sell its money-management unit, according to the Wall Street Journal's online edition. -- read full article
    Wed, 23 Jul 2008 03:32:52 GMT - Yahoo! News: Business
    Stocks rise as oil's drop trumps earnings (Reuters)

    People pass a Wachovia branch office on Tuesday, July 22, 2008 in New York. Wachovia Corp. reported a surprisingly large second-quarter loss Tuesday, deflating Wall Street's hopes that the nation's big banks are weathering the credit crisis well. The nation's fourth-largest bank by assets said it lost $8.86 billion. (AP Photo/Mark Lennihan)Reuters - Stocks rose more than 1 percent on Tuesday as oil prices slid over $3 a barrel, taking the edge off a raft of disappointing earnings from American Express and others as well as a weak outlook from iPod maker Apple.


    -- read full article
    Tue, 22 Jul 2008 21:26:50 GMT - Yahoo! News: Business
    Wachovia, other U.S. banks post dismal results (Reuters)
    Reuters - Wachovia Corp and Washington Mutual Inc led several large U.S. banks in posting weak second-quarter results on Tuesday, hurt by soaring losses from mortgages and other debt. -- read full article
    Tue, 22 Jul 2008 21:34:29 GMT - Yahoo! News: Business
    Yahoo profit down, outlook intact; CEO set to stay (Reuters)

    A laptop is seen under the logo of Yahoo at a trade fair in Dusseldorf. Struggling Internet pioneer Yahoo reported on Tuesday that its second-quarter profit slipped to 131 million dollars and called on investors to have faith in better times ahead.(DDP/AFP/File/Michael Gottschalk)Reuters - Yahoo Inc's net profit fell 19 percent but investors took heart that it did not change its outlook despite a weakening U.S. economy and the distraction of Microsoft Corp's failed takeover bid.


    -- read full article
    Wed, 23 Jul 2008 02:04:06 GMT - Yahoo! News: Business
    Toyota may cut global sales goal by 350,000 units: report (Reuters)
    Reuters - Toyota Motor Corp (7203.T) is considering cutting its 2008 global vehicle sales target by 350,000 units to 9.5 million units because of a larger-than-expected slide in U.S. sales, Kyodo News said on Tuesday, citing a Toyota executive. -- read full article
    Tue, 22 Jul 2008 17:57:52 GMT - Yahoo! News: Business
    Fannie, Freddie rescue estimate mounts (Reuters)

    Mortgage firm Freddie Mac headquarters are pictured in McLean, Virginia, July 13, 2008. REUTERS/Larry DowningReuters - A Bush administration plan to rescue Fannie Mae and Freddie Mac could cost U.S. taxpayers $25 billion, congressional budget analysts said on Tuesday as Congress worked to complete sweeping housing market legislation.


    -- read full article
    Tue, 22 Jul 2008 16:23:16 GMT - Yahoo! News: Business
    Bernanke towers as biggest Fed market mover: study (Reuters)
    Reuters - The financial market impact of Federal Reserve Chairman Ben Bernanke's remarks has soared since the start of 2007 as he telegraphed crucial shifts in monetary policy, a report on Tuesday showed. -- read full article
    Tue, 22 Jul 2008 15:00:44 GMT - Yahoo! News: Business
    Wachovia, other banks post dismal results (Reuters)
    Reuters - Wachovia Corp led several large U.S. banks in posting weak second-quarter results on Tuesday, as soaring losses from mortgages and other debt led to large write-downs. -- read full article
    Tue, 22 Jul 2008 18:15:41 GMT - Yahoo! News: Business
    Huge oil trading loss sinks energy trader SemGroup (Reuters)
    Reuters - A massive $3.2 billion trading loss on oil futures and derivatives sank high flying energy trader SemGroup LP, which at one time billed itself as the 14th-largest private company in the United States. -- read full article
    Tue, 22 Jul 2008 18:08:56 GMT - Yahoo! News: Business
    Wachovia mortgage unit halting loans via brokers (Reuters)
    Reuters - Wachovia Corp , the fourth-largest U.S. bank, on Monday said its main mortgage unit will stop offering home loans through brokers this week, joining a growing number of lenders to curb wholesale lending. -- read full article
    Mon, 21 Jul 2008 21:15:31 GMT - Yahoo! News: Business
    Economy - Monday (Investor's Business Daily)
    Investor's Business Daily - The Conference Board's Index of Leading Economic Indicators fell 0.1% in June amid the financial crisis, the prolonged housing slump and high gasoline and food prices. "(It) wouldn't take much to push the economy so that it's even weaker in the second half of 2008," said Ken Goldstein, the group's labor economist. The May figure was revised down to a decline of 0.2% after an initially reported 0.1% rise. -- read full article
    Mon, 21 Jul 2008 22:45:20 GMT - Yahoo! News: Business
    Widespread earnings woes reflect consumer fears (Reuters)
    Reuters - The deepening plight of the American consumer has started to take a big bite out of corporate earnings. -- read full article
    Mon, 21 Jul 2008 23:53:18 GMT - Yahoo! News: Business
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