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    Business Headlines
    Chrysler in talks with Tata and Fiat: sources (Reuters)

    A worker stands behind a Fiat Ducato vehicle on the production line at Severstal Auto plant in Elabuga, May 27, 2008. (Denis Sinyakov/Reuters)Reuters - Chrysler is in talks to lease U.S. production capacity and share retail distribution with Fiat SpA , allowing the Italian automaker to return the U.S. market for the first time in 25 years, people briefed on the talks said on Wednesday.


    -- read full article
    Wed, 30 Jul 2008 22:43:42 GMT - Yahoo! News: Business
    Deutsche Bank writedowns swell beyond $11 billion (Reuters)
    Reuters - Deutsche Bank AG (DBKGn.DE) announced fresh writedowns on Thursday, taking its bill from the global financial crisis beyond $11 billion. -- read full article
    Thu, 31 Jul 2008 08:36:18 GMT - Yahoo! News: Business
    Ex-Credit Suisse broker missing as securities probe nears: repor (Reuters)

    A picture shows the logo of the Credit Suisse bank next to a Swiss flag in Lucerne February 19, 2008. (Michael Buholzer/Reuters)Reuters - A former Credit Suisse broker charged with fraud in an auction rate securities scam may have fled to his native Bulgaria, the Wall Street Journal reported on Thursday, citing people familiar with the case.


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    Thu, 31 Jul 2008 07:11:00 GMT - Yahoo! News: Business
    Asia stocks gain but caution remains (Reuters)

    Traders work on the floor of the Hong Kong Stock Exchange July 16, 2008. (Victor Fraile/Reuters)Reuters - Most Asian stock markets rose on Thursday after a move by central banks to boost liquidity in financial markets offset a $4 rebound in oil prices, while a surprisingly strong U.S. jobs indicator kept the dollar well bid.


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    Thu, 31 Jul 2008 06:57:41 GMT - Yahoo! News: Business
    Starbucks posts first loss, backs '09 profit target (Reuters)

    People walk past a Starbucks store in New York, July 3, 2008. (Chip East/Reuters)Reuters - Starbucks Corp posted its first quarterly loss as a public company on Wednesday and said its U.S. coffee chain would shrink in the year ahead, but investors stunned by months of uncertainty sent shares up 4 percent as it stuck by its profit target for 2009.


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    Thu, 31 Jul 2008 01:35:49 GMT - Yahoo! News: Business
    SEC extends restrictions on short-selling (AP)

    In this May 2, 2007 file photo, the Fannie Mae building in Washington is seen. Rescue legislation sailed through the House Wednesday, July 23, 2008, aimed at helping 400,000 strapped homeowners avoid foreclosure and to prevent troubled mortgage giants Fannie Mae and Freddie Mac from collapsing. (AP Photo/Manuel Balce Ceneta, file)AP - Federal regulators on Tuesday extended through mid-August a temporary order banning a certain kind of short-selling of the stocks of mortgage finance companies Fannie Mae, Freddie Mac and 17 large investment banks.


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    Wed, 30 Jul 2008 08:05:56 GMT - Yahoo! News: Business
    Private sector gains 9,000 jobs in July: report (Reuters)

    A sign outside a warehouse advertises available jobs in Arvada, Colorado October 5, 2007. (Rick Wilking/Reuters)Reuters - Private employers added 9,000 jobs in July, according to a private report by ADP Employer Services released on Wednesday.


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    Wed, 30 Jul 2008 12:24:43 GMT - Yahoo! News: Business
    Consumers reduce credit card spending: study (Reuters)

    American Express and MasterCard credit cards are shown in Washington June 25, 2008. (Jim Bourg/Reuters)Reuters - Americans in all age and income groups have reduced credit card use and cut spending on non-essential items as oil and food prices soar, home prices sink and lenders tighten credit, a new study shows.


    -- read full article
    Wed, 30 Jul 2008 17:26:15 GMT - Yahoo! News: Business
    Fannie Mae portfolio rose at fastest rate since '03 (Reuters)

    The corporate logo for Freddie Mac is seen at its headquarters building in McLean, Virginia, July 23, 2008. (Larry Downing/Reuters)Reuters - Fannie Mae, the largest provider of funding for U.S. residential mortgages, on Wednesday said it grew its investment portfolio in June at the fastest annualized rate in nearly five years.


    -- read full article
    Wed, 30 Jul 2008 15:04:23 GMT - Yahoo! News: Business
    Wall Street loses ground on oil, financials (Reuters)

    Morning sunlight shines on the front of the New York Stock Exchange July 29, 2008. (Brendan McDermid/Reuters)Reuters - The Nasdaq turned negative on Wednesday, while the Dow and the S&P 500 pared gains, as a rebound in oil prices and a drop in financial shares punctured Wall Street's earlier rally.


    -- read full article
    Wed, 30 Jul 2008 16:50:48 GMT - Yahoo! News: Business
    Merrill CDO sale not as good as it looks: analyst (Reuters)

    A Merrill Lynch sign is seen in Toronto, April 29, 2008. (Mark Blinch/Reuters)Reuters - Merrill Lynch's agreement to sell $30.6 billion of toxic securities gives away the bank's potential profits on the securities and leaves it on the hook for most of the risk, strategists at Bank of America wrote on Wednesday.


    -- read full article
    Wed, 30 Jul 2008 14:52:59 GMT - Yahoo! News: Business
    Central banks fire new round at credit crisis (Reuters)

    European Central Bank President Jean-Claude Trichet addresses the media during his monthly news conference at the ECB headquarters in Frankfurt, July 3, 2008. (Kai Pfaffenbach/Reuters)Reuters - The U.S., European, and Swiss central banks on Wednesday extended emergency lending facilities for investment banks and expanded other liquidity programs to ease credit market strains that have weighed on the global economy for nearly a year.


    -- read full article
    Wed, 30 Jul 2008 16:58:37 GMT - Yahoo! News: Business
    Denny's 2Q earnings drop amid tough economy (AP)
    AP - Denny's Corp. said Tuesday that its net income plummeted in the second quarter because of the sale of some company stores and weak consumer spending. -- read full article
    Tue, 29 Jul 2008 22:26:08 GMT - Yahoo! News: Business
    European stocks fall as banks slide (AFP)

    A trader standing in front of an index board at the stock exchange in Frankfurt in March 2008. Europe's main stock markets fell, hit by losses to banking shares after overnight declines on Wall Street.(AFP/DDP/File/Martin Oeser)AFP - Europe's main stock markets fell on Tuesday, hit by losses to banking shares after overnight declines on Wall Street.


    -- read full article
    Tue, 29 Jul 2008 11:05:38 GMT - Yahoo! News: Business
    Economy - Tuesday (Investor's Business Daily)
    Investor's Business Daily - Some 62% of American investors believe the economy is contracting, according to a survey by asset management firm Schroders. But 94% said they still expect to profit from their investments during the next 12 months. The economy grew at a 1% annual rate in Q1 and Wall Street estimates that growth accelerated to a 2.3% pace in Q2. But falling home prices, the credit crunch and high energy prices have hurt sentiment. -- read full article
    Tue, 29 Jul 2008 22:50:59 GMT - Yahoo! News: Business
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