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    Business Headlines
    Iran, Algeria to discuss OPEC-style gas group: report (Reuters)

    Waste gases are burnt on phases 2-3 of the South Pars gas field in Assaluyeh seaport on Iran's Persian Gulf coast May 27, 2006. (Morteza Nikoubazl/Reuters)Reuters - Iran and Algeria are expected to discuss the formation of an OPEC-style gas group during a visit by Algerian President Abdelaziz Bouteflika to Tehran, Iran's ambassador to Algeria said in remarks published on Sunday.


    -- read full article
    Sun, 10 Aug 2008 13:42:08 GMT - Yahoo! News: Business
    Tech IPOs out of favor, may be for some time (Reuters)
    Reuters - Tech companies once dominated the U.S. IPO calendar -- but not anymore. -- read full article
    Sun, 10 Aug 2008 16:07:56 GMT - Yahoo! News: Business
    SEC short-sale rule ending; market move debated (Reuters)
    Reuters - Short trading in 19 major U.S. financial stocks will revert to rules governing other shares on Wednesday as a Securities and Exchange Commission experiment against abusive short selling expires. -- read full article
    Sun, 10 Aug 2008 17:08:26 GMT - Yahoo! News: Business
    Cheaper oil may lift stocks; CPI on tap (Reuters)

    An oil rig is silhouetted against the sunset in St. Lawrence, Texas May 9, 2008. (Jessica Rinaldi/Reuters)Reuters - Wall Street may extend its push for recovery this week as investors bet that a further drop in oil prices will restrain inflation and boost prospects for profit growth.


    -- read full article
    Sun, 10 Aug 2008 15:45:26 GMT - Yahoo! News: Business
    Paulson says won't stay at Treasury past January (Reuters)

    Secretary of the Treasury Henry Paulson delivers remarks on markets and the economy at The New York Public Library in New York, July 22, 2008. (Shannon Stapleton/Reuters)Reuters - U.S. Treasury Secretary Henry Paulson said in an interview aired on Sunday he had no interest in staying in his post beyond January when a new administration takes office.


    -- read full article
    Sun, 10 Aug 2008 14:59:50 GMT - Yahoo! News: Business
    IBD's Top 10 - Thursday (Investor's Business Daily)
    Investor's Business Daily - 1 AIG's 18% dive on its big Q2 loss rattled the sector, which got worse after Moody's said it might cut American Express' debt ratings. The Dow sank 1.9%, the S&P 500 1.8%, the Nasdaq 1%. Volume rose on the NYSE but fell on the Nasdaq. Retail stocks fell on July sales. The 10-year Treasury yield fell 12 ticks to 3.92%. -- read full article
    Thu, 07 Aug 2008 23:03:46 GMT - Yahoo! News: Business
    Continental eyes acquisition for bid defense: paper (Reuters)
    Reuters - Continental is considering buying a peer company as part of its defense against a hostile 11.3 billion euro ($17 billion) bid from Schaeffler Group, the Financial Times reported on Saturday. -- read full article
    Sat, 09 Aug 2008 11:36:11 GMT - Yahoo! News: Business
    Banks renew plea for expanded short sale rule (Reuters)

    Traders work works on the floor of the New York Stock Exchange August 8, 2008. (Joshua Lott/Reuters)Reuters - A banking group has renewed its plea to the Securities and Exchange Commission to broaden a rule aimed at curbing abusive short selling and market manipulation.


    -- read full article
    Thu, 07 Aug 2008 21:55:01 GMT - Yahoo! News: Business
    Oil's plunge powers rally on Wall Street (Reuters)

    Traders work works on the floor of the New York Stock Exchange August 8, 2008. (Joshua Lott/Reuters)Reuters - U.S. stocks soared on Friday rounding out their best week in more than three months, as oil plunged below $115 a barrel, easing inflation concerns and improving prospects for business and consumer spending.


    -- read full article
    Fri, 08 Aug 2008 20:44:14 GMT - Yahoo! News: Business
    Wachovia cuts back mortgage lending-report (Reuters)
    Reuters - Wachovia Corp , the fourth-largest U.S. bank, will stop making mortgage loans through its branch offices in 19 U.S. states, a published report said. -- read full article
    Fri, 08 Aug 2008 23:48:04 GMT - Yahoo! News: Business
    Google, Yahoo partially disclose terms of ad pact (Reuters)

    Yahoo! CEO Jerry Yang listens to a question during a hearing on Capitol Hill, November 6, 2007. (Hyungwon Kang/Reuters)Reuters - Google Inc and Yahoo Inc released on Friday excerpts of a pact covering their search advertising partnership that keeps secret financial terms and the extent of other ties between the two.


    -- read full article
    Sat, 09 Aug 2008 03:40:56 GMT - Yahoo! News: Business
    Berkshire Hathaway 2nd-quarter profit falls 8 pct (Reuters)

    In this file photo billionaire financier Warren Buffet speaks at a fundraising event for Democratic presidential candidate Senator Hillary Clinton (D-NY) in New York City June 26, 2007. Berkshire Hathaway Inc said on Friday second-quarter profit fell 8 percent, hurt by losses tied to derivatives contracts and reflecting lower insurance premiums. (Mike Segar/Reuters)Reuters - Warren Buffett's Berkshire Hathaway Inc (BRKa.N)(BRKb.N) said on Friday second-quarter profit fell 8 percent, hurt by weaker results from insurance underwriting.


    -- read full article
    Fri, 08 Aug 2008 21:55:42 GMT - Yahoo! News: Business
    Bank of America gets subpoenas, reports SEC probe (Reuters)

    A Bank of America advertisement is seen outside one of its branches in New York July 21, 2008. (Shannon Stapleton/Reuters)Reuters - Bank of America Corp , the largest U.S. retail bank, said on Thursday it received subpoenas and requests for information relating to auction-rate securities from federal and state government agencies.


    -- read full article
    Thu, 07 Aug 2008 21:39:18 GMT - Yahoo! News: Business
    UBS to buy back stricken debt securities (Reuters)

    The logo of Swiss bank UBS is seen on a building in Zurich July 8, 2008. (Arnd Wiegmann/Reuters)Reuters - Swiss bank UBS AG has agreed to buy back $19.4 billion of debt securities whose value collapsed during the global financial crisis and to pay $150 million in fines to settle charges it misled investors, Massachusetts' top securities regulator said on Friday,


    -- read full article
    Fri, 08 Aug 2008 18:14:22 GMT - Yahoo! News: Business
    Wall St rallies as oil's slide spurs optimism (Reuters)

    The New York Times and The Wall Street Jounal are displayed at a newsstand on Monday, July 28, 2008 in New York.  News Corp. says fiscal fourth-quarter earnings jumped 27 percent, Tuesday, Aug. 6, 2008, on profit from the sale of assets and higher operating earnings in its film, cable networks and newspaper units. (AP Photo/Mark Lennihan)Reuters - Stocks jumped on Friday as the U.S. dollar's rally helped push oil prices down to nearly $116 a barrel, reducing inflation fears and improving prospects for stronger business and consumer spending.


    -- read full article
    Fri, 08 Aug 2008 17:23:30 GMT - Yahoo! News: Business
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