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    Business Headlines
    Dow jumps 300 points as oil prices dive (AFP)

    Traders work on the floor of the New York Stock Exchange on August 5, 2008 in New York City.(AFP/Getty Images/File/Chris Hondros)AFP - US stocks ended in a rally Friday, with the Dow Jones Industrial Average rocketing 302 points, as world oil prices dived, soothing fears that fresh inflationary pressures could singe an already ailing economy.


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    Fri, 08 Aug 2008 20:54:13 GMT - Yahoo! News: Business
    GATX bids over $3 billion for GE railcar unit: source (Reuters)

    Jeffrey R. Immelt, chairman and chief executive of General Electric leads a discussion with business leaders at an Ecomagination news conference at Universal Studios in Los Angeles, California May 24, 2007. (Fred Prouser/Reuters)Reuters - GATX Corp is offering more than $3 billion for General Electric Co's rail car leasing business, a source familiar with the discussions said.


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    Sun, 10 Aug 2008 23:57:12 GMT - Yahoo! News: Business
    Oil rises above $116 on military conflict in Georgia (Reuters)

    An oil rig in a file photo. (Files/Reuters)Reuters - Crude oil rose over a dollar and topped $116 a barrel on Monday, rebounding from the previous session's $5 decline on concern fighting between Russia and Georgia could disrupt energy exports from the Caspian region.


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    Mon, 11 Aug 2008 04:20:33 GMT - Yahoo! News: Business
    Credit unions hit by mortgage-market problems: report (Reuters)
    Reuters - Five of North America's largest credit unions are reporting big paper losses on mortgage-related securities, a sign that housing-market distress is spreading even to the most risk-averse financial sectors, the Wall Street Journal (WSJ) said on Monday. -- read full article
    Mon, 11 Aug 2008 05:48:29 GMT - Yahoo! News: Business
    Apple chief says iPhone software sales take off: report (Reuters)

    Diane Sot displays her new Apple iPhone 3G at an Apple Store in Boston, Massachusetts July 11, 2008. (Brian Snyder/Reuters)Reuters - In the month since Apple Inc opened the App Store, an online software clearinghouse, users have downloaded more than 60 million programs for the iPhone, Chief Executive Steve Jobs told The Wall Street Journal in an interview.


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    Mon, 11 Aug 2008 04:54:54 GMT - Yahoo! News: Business
    TNT shares up on UPS talks (Reuters)

    United Parcel Service aircraft are loaded with containers at the UPS Worldport All Points International Hub during peak delivery day in Louisville, Kentucky, December 19, 2007. (John Sommers II/Reuters)Reuters - Shares in Dutch TNT NV rose more than 6 percent on Monday after a source said Europe's No.2 mail and logistics company was in talks with U.S. rival United Parcel Service .


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    Mon, 11 Aug 2008 07:45:55 GMT - Yahoo! News: Business
    Investors eye oil, dollar, retail sales this week (AP)

    Traders work on the floor of the New York Stock Exchange on August 5, 2008 in New York City. Wall Street ended the week on an up note Friday as cooling oil prices diminished fears that the economy could be further singed by inflationary pressures and after the Federal Reserve kept interest rates on hold.(AFP/Getty Images/File/Chris Hondros)AP - The dollar's rebound and oil's tumble breathed some serious optimism into Wall Street last week. But no one knows for sure yet whether the two trends are truly antidotes for what's been ailing the stock market.


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    Sun, 10 Aug 2008 17:54:34 GMT - Yahoo! News: Business
    Consumers expect stocks to fall: survey (Reuters)
    Reuters - Households consider it more likely than ever that their stock holdings will fall in value over the next year, a survey released on Friday said. -- read full article
    Fri, 08 Aug 2008 13:49:00 GMT - Yahoo! News: Business
    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.


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    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.


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    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
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