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| Business Headlines |
| Economy - Friday
(Investor's Business Daily)
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| Investor's Business Daily - In a turnaround from a week of deadlock, the U.S. and 6 other key nations began to talk about possible success at the World Trade Organization talks. Officials said progress has been made on trade for both agriculture and industrial goods between developed nations and emerging economies. It includes a further cut to the cap on U.S. farm subsidies, a source said. WTO's chief had voiced concerns earlier Fri. that the long-running Doha round may collapse. An anti-trade Congress would have to approve any deal. -- read full article |
| Fri, 25 Jul 2008 22:53:55 GMT - Yahoo! News: Business |
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| GE restructures, but investors still on edge
(Reuters)
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| Reuters - General Electric Co kicked off a
major round of restructuring on Friday, giving its booming
infrastructure business -- which is riding a wave of
emerging-market investment in energy and aviation projects -- a
more prominent role, and combining its sprawling finance
operations into one unit. -- read full article |
| Fri, 25 Jul 2008 22:11:08 GMT - Yahoo! News: Business |
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| FCC approves Sirius Satellite acquisition of XM
(Reuters)
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| Reuters - Sirius Satellite Radio Inc's
$3.3 billion purchase of XM Satellite Radio Holdings
Inc was approved with conditions by U.S.
communications regulators on Friday, clearing the way for a
deal that will leave just one U.S. satellite radio service.
-- read full article |
| Sat, 26 Jul 2008 01:14:00 GMT - Yahoo! News: Business |
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| Destination retailers feel gas price pinch
(AP)
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| AP - Consumer spending is down and gas prices are up. That's bad math for the scores of destination retailers across the country that want customers to fill up the tank for a gas-guzzling day of retail therapy. -- read full article |
| Fri, 25 Jul 2008 18:47:05 GMT - Yahoo! News: Business |
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| SEC, Fed push for authority over investment banks
(Reuters)
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| Reuters - The head of the U.S. Securities and
Exchange Commission on Thursday urged Congress to give his
agency authority to oversee investment banks, even as a top
Federal Reserve official said the central bank needed similar
powers to do its job.
-- read full article |
| Thu, 24 Jul 2008 19:55:10 GMT - Yahoo! News: Business |
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| New home sales fall less than expected
(AP)
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| AP - Sales of new homes fell in June for the seventh time in the past eight months, but the decline was less than had been expected, raising faint hopes that the nation's severe housing recession could be approaching a bottom.
-- read full article |
| Fri, 25 Jul 2008 17:26:58 GMT - Yahoo! News: Business |
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| Economy - Thursday
(Investor's Business Daily)
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| Investor's Business Daily - Home loan rates rose sharply over the past week amid inflation fears, a rebound in stocks and Treasury yields, and tighter credit standards. The 30-year fixed-rate mortgage rose to 6.63% for the week ended July 24 from 6.26% a week ago, said Freddie Mac. It's the 8th straight week over 6%. The 15-year fixed-rate mortgage rose 40 basis points to 6.18%. The 5-year Treasury-indexed adjustable-rate mortgage jumped to 6.18%, while the 1-year ARM was up to 5.49%. -- read full article |
| Thu, 24 Jul 2008 22:38:09 GMT - Yahoo! News: Business |
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