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    Business Headlines
    Treasury and banks kick-start home financing tool (Reuters)

    Treasury Secretary Henry Paulson at the Treasury Building in Washington, July 13, 2008. (Joshua Roberts/Reuters)Reuters - The Treasury and the nation's four biggest banks on Monday said they will kick-start a market for an investment product to support home financing in the latest effort to spur a slumping housing market.


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    Mon, 28 Jul 2008 21:33:39 GMT - Yahoo! News: Business
    Linens 'n Things to close fewer stores (AP)
    AP - Bankrupt retailer Linens 'n Things on Monday offered a sign that business may be improving slightly, saying it will close fewer stores than originally anticipated. -- read full article
    Mon, 28 Jul 2008 17:08:08 GMT - Yahoo! News: Business
    Japanese shares end slightly higher (AP)

    In this June 16, 2008 file photo, Honda Motor Co. President Takeo Fukui steers a Honda FCX Clarity with Canadian actress Laura Harris in the co-drivers' seat during the ceremony marking the start of the fuel cell vehicle's commercial production at a Honda plant in Takanezawa, Tochigi Prefecture (state), north of Tokyo. Japan's Honda reported record profit for a fiscal first quarter Friday, July 25, 2008 as sales growth in new markets offset the damage from a stronger yen and soaring material costs. (AP Photo/Katsumi Kasahara, FILE)AP - Japanese stocks ended slightly higher Monday as investors were cautious ahead of earnings and financial data due out later in the week.


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    Mon, 28 Jul 2008 09:13:54 GMT - Yahoo! News: Business
    Fuel price hikes squeeze farmers at local markets (AP)

    Bryan Phelps, left, and Rhett Wood, right, working at the Farmer's Market stand of Todd Griffith, load up unsold produce into their pickup truck at the Farmer's Market in Edmond, Okla., Wednesday, June 25, 2008. 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.  (AP Photo/Sue Ogrocki)AP - Franca Tantillo puts rising fuel prices in the same category as the springtime hail storm that wiped out part of her strawberry crop. Both cut into the profit she can make at the farmers markets she sells at in New York City, about 135 miles south of her farm.


    -- read full article
    Mon, 28 Jul 2008 18:49:01 GMT - Yahoo! News: Business
    Wall St earnings decline likely to hit New York budget (Reuters)

    The Wall Street sign is seen in front of the New York Stock Exchange, January 22, 2008. (Chip East/Reuters)Reuters - Wall Street earnings are "unlikely" to recover in the second half of this year meaning New York City's fiscal deficits could soar above the mayor's forecasts, the state comptroller warned on Monday.


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    Mon, 28 Jul 2008 17:52:09 GMT - Yahoo! News: Business
    Merrill shares plummet amid wider financials decline (Reuters)

    A Merrill Lynch sign is seen in Toronto, April 29, 2008. (Mark Blinch/Reuters)Reuters - Merrill Lynch shares dropped nearly 10 percent on Monday, leading the entire sector lower as investors fretted over credit quality and the housing sector.


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    Mon, 28 Jul 2008 18:33:32 GMT - Yahoo! News: Business
    Wall St falls as banks weigh on market (Reuters)

    The Wall Street sign is seen in front of the New York Stock Exchange, January 22, 2008. (Chip East/Reuters)Reuters - Stocks fell on Monday as fears of more credit losses pushed financial shares lower while a mixed bag of quarterly results kept investors cautious about the outlook for the economy.


    -- read full article
    Mon, 28 Jul 2008 18:17:43 GMT - Yahoo! News: Business
    Price increases help Kraft Foods lift profits (Reuters)

    Price tags and a stack of Kraft Foods Inc. 'Velveeta Slices' and 'Singles' can be seen in a supermarket in New York April 29, 2008. (Lucas Jackson/Reuters)Reuters - Kraft Foods Inc posted higher-than-expected quarterly profit on Monday as price increases and gains on hedging positions offset rising costs for energy and commodities like wheat.


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    Mon, 28 Jul 2008 17:00:24 GMT - Yahoo! News: Business
    Paulson says banks ready to issue covered bonds (Reuters)

    Treasury Secretary Henry Paulson delivers remarks on markets and the economy at The New York Public Library July 22, 2008. (Shannon Stapleton/Reuters)Reuters - U.S. Treasury Secretary Henry Paulson said the nation's four biggest banks were ready to kick-start a market for covered bonds that could help significantly expand home mortgage financing.


    -- read full article
    Mon, 28 Jul 2008 18:48:07 GMT - Yahoo! News: Business
    Inflation's next front is retailers as costs rise (AP)

    In this May 28, 2008 file photo, shoppers wait in line to check out at Costco in Mountain View, Calif.. Most inflation this year has come from food and fuel, as retailers resisted passing along to strapped consumers the higher prices manufacturers charged them. Coming price increases from companies such as Johnson & Johnson and Hasbro Inc. may leave them with no choice.  (AP Photo/Paul Sakuma, file)AP - Coming to a store near you: Even higher prices.


    -- read full article
    Mon, 28 Jul 2008 08:33:49 GMT - Yahoo! News: Business
    Market rises as data eases economic fears (Reuters)

    The sun lights the exterior of the New York Stock Exchange, as people walk past on the shadowed street, July 16, 2008. (Chip East/Reuters)Reuters - Stocks rose on Friday as a drop in oil prices, and stronger-than-expected data on consumer sentiment and housing blunted the latest concerns about the health of U.S banks.


    -- read full article
    Fri, 25 Jul 2008 20:31:38 GMT - Yahoo! News: Business
    Obama to shift focus on economy after overseas trip (AFP)

    US Democratic presidential candidate Barack Obama speaks to attendees at a conference in Chicago. Obama was to shift the focus of his campaign on the troubled US economy Monday, after basking in the adulation of foreign crowds during last week's trip.(AFP/Getty Images/Scott Olson)AFP - Democratic White House contender Barack Obama was to shift the focus of his campaign on the troubled US economy Monday, after basking in the adulation of foreign crowds during last week's trip.


    -- read full article
    Mon, 28 Jul 2008 07:55:13 GMT - Yahoo! News: Business
    Fed's Stern: Inflation a concern, growth headwinds rising (Reuters)
    Reuters - Inflation is a concern in the United States and headwinds to economic growth may be picking up, Minneapolis Fed President Gary Stern said in a newspaper interview published on Monday. -- read full article
    Mon, 28 Jul 2008 07:16:43 GMT - Yahoo! News: Business
    Gasoline prices retreat; could fall more: survey (Reuters)

    Gas and diesel pumps along with gas prices are shown at an Exxon gas station in Carlsbad, California in this file photo from May 28, 2008. (Mike Blake./Reuters)Reuters - U.S. retail gasoline prices fell sharply in the last two weeks, just below $4 a gallon, in line with retreating crude oil markets, and prices at the pump may slide further, an industry analyst said on Sunday.


    -- read full article
    Sun, 27 Jul 2008 23:18:47 GMT - Yahoo! News: Business
    Stocks down again as corporate gloom deepens (Reuters)

    A man passes an electronic board displaying a graph and the closing price of Japan's Nikkei share average in Tokyo July 25, 2008. (Yuriko Nakao/Reuters)Reuters - World stocks slipped on Monday as some disappointing earnings in Europe and a survey showing German consumer morale at a 5-year low followed a warning that the United States' major mortgage lenders could lose their top credit rating.


    -- read full article
    Mon, 28 Jul 2008 08:49:26 GMT - Yahoo! News: Business
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