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    Business Headlines
    Economy grows at soft pace (Reuters)

    Shoppers manoeuvre their way through the aisle at Costco Warehouse in Arlington, Virginia, May 29, 2008. (Molly Riley/Reuters)Reuters - An emergency dose of government stimulus helped the economy grow at a 1.9 percent annual rate in the second quarter, a soft pace but enough to take it off a path perilously close to recession.


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    Thu, 31 Jul 2008 17:26:10 GMT - Yahoo! News: Business
    Office supply retailers struggle in North America (AP)

    Office Depot customer buys paper at Office Depot in Mountain View, Calif., Tuesday, July 29, 2008. Office-supply retailer Office Depot Inc. says it lost $2 million in the second quarter and cited weak demand in North America. (AP Photo/Paul Sakuma)AP - Office supply retailers felt no relief from the pinch of weaker spending by consumers and small businesses, with both Office Depot and OfficeMax citing the struggling economy as they reported losses for the second quarter.


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    Wed, 30 Jul 2008 21:36:12 GMT - Yahoo! News: Business
    Pax fined for failure to screen investment funds (AP)
    AP - Pax World Management Corp. has agreed to pay a $500,000 fine because it failed to follow its own socially responsible investing criteria over a five-year period, when two of its mutual funds invested in off-limits industries such as gambling and liquor, and oil and gas exploration. -- read full article
    Wed, 30 Jul 2008 18:56:56 GMT - Yahoo! News: Business
    Court overturns convictions of NYSE specialists (AP)
    AP - A federal appeals court dealt what was likely to be the final blow to the ill-fated prosecution of 15 New York Stock Exchange specialists Wednesday by overturning the securities fraud convictions of two of the floor supervisors. -- read full article
    Wed, 30 Jul 2008 17:14:33 GMT - Yahoo! News: Business
    Economy - Wednesday (Investor's Business Daily)
    Investor's Business Daily - Employment listings posted on Internet job boards fell 7.9% to 3.86 mil in July from about 4.19 mil in June, according to the Conference Board. July is typically a slow month, but the figures were below forecasts. There were 4.08 mil help-wanted ads posted a year ago. The private research group said there is little sign of any upturn soon. -- read full article
    Wed, 30 Jul 2008 22:49:11 GMT - Yahoo! News: Business
    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.


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    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.


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    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.


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    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
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