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    Business Headlines
    Defense, aerospace firms keep profits rolling (Reuters)
    Reuters - Raytheon, L-3 Communications and Goodrich posted bigger-than-expected profit gains and raised their full-year earnings forecasts on Thursday, as the long boom in defense and commercial aircraft spending shows no immediate signs of bursting. -- read full article
    Thu, 24 Jul 2008 18:35:43 GMT - Yahoo! News: Business
    CFTC charges Optiver with oil-market manipulation (Reuters)

    Traders work in the oil options pit of the New York Mercantile Exchange March 11, 2008. (Chip East/Reuters)Reuters - The Commodity Futures Trading Commission on Thursday charged global trading fund Optiver Holding BV with manipulating the NYMEX oil market in March 2007.


    -- read full article
    Thu, 24 Jul 2008 16:29:11 GMT - Yahoo! News: Business
    Ford posts $8.7 billion loss on truck slump (Reuters)

    The sign outside a Ford dealership in Broomfield, Colorado July 23, 2008. (Rick Wilking/Reuters)Reuters - Ford Motor Co posted a record $8.7 billion quarterly loss on Thursday as it wrote down the value of slumping truck and SUV operations and revamped plans in a bid to break its reliance on the gas-guzzlers that have been its franchise vehicles for a decade.


    -- read full article
    Thu, 24 Jul 2008 15:38:37 GMT - Yahoo! News: Business
    Microsoft to expand Facebook ad pact: source (Reuters)

    Microsoft Chief Executive Officer Steve Ballmer speaks during the launch ceremony of Microsoft's new research and development centre in Herzliya near Tel Aviv May 21, 2008. Ballmer on Thursday defended the company's need to make steep investments in its Internet business in order to compete with Google Inc and said such moves could boost its value in time. (Gil Cohen Magen/Reuters)Reuters - Microsoft Corp will announce plans to expand its relationship with online social network Facebook to provide web search and search advertising, a source familiar with the matter said on Thursday.


    -- read full article
    Thu, 24 Jul 2008 17:28:35 GMT - Yahoo! News: Business
    Home sales at 10-year low, jobless claims jump (Reuters)

    A newly built home sits vacant with a 'for sale' sign in front, in the Courtland Ridge development in Alpine, Utah, March 26, 2008. (George Frey/Reuters)Reuters - Jobless claims jumped last week and the pace of existing home sales tumbled to a 10-year low as slowing growth hit hiring and a glut of unsold homes weighed on the real estate market, data on Thursday showed.


    -- read full article
    Thu, 24 Jul 2008 15:05:11 GMT - Yahoo! News: Business
    Economy - Wednesday (Investor's Business Daily)
    Investor's Business Daily - The Mortgage Bankers Assoc.'s mortgage applications index fell 6.2% in the week ended July 18 to 489.6 as 30-year mortgage rates rose 0.37 point 15 6.59%, the highest in a year. The purchase index fell 6.7% to 335.6 and the refi index fell 5.6% to 1392.7. Financial turmoil has caused interest rates to rise while soaring home-loan defaults have forced banks to curb credit, deepening the housing slump. -- read full article
    Wed, 23 Jul 2008 22:36:43 GMT - Yahoo! News: Business
    Sluggish Economy Slows 'Somewhat' As Oil Squeezes Spending, Fed Reports (Investor's Bus
    Investor's Business Daily - The economy has slowed "somewhat" as rising energy prices and the credit crunch force consumers to cut back, the Federal Reserve said Wednesday. -- read full article
    Wed, 23 Jul 2008 23:01:50 GMT - Yahoo! News: Business
    China's Zhongxing in talks with GM, FAW: source (Reuters)
    Reuters - China's Hebei Zhongxing Automobile Co is in talks with General Motors and major Chinese automaker FAW Group to explore opportunities for cooperation, including equity ties, a source close to the situation said on Thursday. -- read full article
    Thu, 24 Jul 2008 05:17:49 GMT - Yahoo! News: Business
    Microsoft exec who led Yahoo bid leaving company (Reuters)
    Reuters - Microsoft Corp said on Wednesday that Kevin Johnson, who as president of Microsoft's largest business division spearheaded the company's pursuit of Yahoo Inc , is leaving the software maker. -- read full article
    Thu, 24 Jul 2008 02:23:18 GMT - Yahoo! News: Business
    SemGroup gets court OK for initial bankruptcy motions (Reuters)
    Reuters - SemGroup LP, an Oklahoma-based oil trading services company, on Wednesday said it received approval from the Bankruptcy Court for its initial motions related to its bankruptcy. -- read full article
    Thu, 24 Jul 2008 00:12:54 GMT - Yahoo! News: Business
    Amazon profit, sales above view and shares rise (Reuters)

    A box from Amazon.com is pictured on the porch of a house in Golden, Colorado July 23, 2008. (Rick Wilking/Reuters)Reuters - Amazon.com Inc said on Wednesday quarterly profit doubled and sales grew 41 percent, indicating to Wall Street that many cost-conscious shoppers are heading online to save money in a tough economy.


    -- read full article
    Thu, 24 Jul 2008 00:51:14 GMT - Yahoo! News: Business
    House passes housing bill; Bush lifts veto threat (Reuters)

    President Bush on Wednesday dropped a threat to veto a housing rescue bill, clearing the way for measures meant to shore up the worst U.S. home market since the Great Depression. (Paul Szep/Reuters)Reuters - The House of Representatives passed a massive housing rescue bill on Wednesday while the White House dropped a threat to veto it, paving the way for measures aimed at shoring up the worst U.S. housing market since the Great Depression.


    -- read full article
    Wed, 23 Jul 2008 21:30:17 GMT - Yahoo! News: Business
    Ethan Allen quarterly profit drops 46 percent (Reuters)
    Reuters - Furniture retailer Ethan Allen Interiors reported a 46 percent drop in quarterly profit on Wednesday, hurt by declining sales and charges to restructure and close some of its design centers. -- read full article
    Wed, 23 Jul 2008 12:07:55 GMT - Yahoo! News: Business
    Waiters pick up part of LongHorn's labor costs (AP)

    A Longhorn Steakhouse restaurant is seen Monday, July 21, 2008, in Hamilton, N.J.  After Darden Restaurants Inc. bought LongHorn for $1.19 billion in October, it instituted what it calls 'a more disciplined' tip-sharing plan — a policy servers say is cutting their earnings.  (AP Photo/Mel Evans)AP - With the cost of everything from air conditioning to whipped cream rising, many restaurants have been raising prices. LongHorn Steakhouse is passing on part of the tab to its servers.


    -- read full article
    Wed, 23 Jul 2008 18:39:33 GMT - Yahoo! News: Business
    Creditors say fraud possible in SemGroup collapse (Reuters)
    Reuters - A group of SemGroup LP creditors on Wednesday raised the prospect that unauthorized energy trading may have caused the $3.2 billion loss that sank the 12th-biggest privately held U.S. company. -- read full article
    Wed, 23 Jul 2008 17:26:47 GMT - Yahoo! News: Business
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