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    Business Headlines
    GM to crack down on healthcare coverage: report (Reuters)

    Chevrolet pickup trucks and SUVs are seen at a dealership in Silver Spring, Maryland, July 1, 2008. (Yuri Gripas/Reuters)Reuters - General Motors Corp , looking to trim its nearly $5 billion-a-year health-care tab, is cracking down on workers who are collecting medical benefits for ineligible dependents, the Wall Street Journal said Wednesday.


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    Wed, 13 Aug 2008 04:53:45 GMT - Yahoo! News: Business
    Ford plans unchanged with gas price drop (Reuters)

    The Ford logo is seen at the Chicago Auto Show February 6, 2008. (John Gress/Reuters)Reuters - Ford Motor Co's plan to overhaul its North American operations to produce more cars remains unchanged amid recent declines in gas prices, a top executive said on Tuesday.


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    Wed, 13 Aug 2008 05:32:02 GMT - Yahoo! News: Business
    TJX's 2Q profits triple as shoppers seek bargains (AP)

    In this Feb. 21, 2007 file photo, a sign outside the TJX Cos. headquarters is seen in Framingham, Mass.   TJX Cos. says second-quarter profit more than tripled from a year ago as the apparel discount retailer benefits from shoppers looking for cheaper alternatives. The retailer has also raised its earnings outlook.  (AP Photo/Elise Amendola, File)AP - TJX Cos., which operates the T.J. Maxx and Marshalls stores, said Tuesday that its second-quarter profits more than tripled from a year ago when the discount fashion retailer digested a charge for a widely publicized security breach.


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    Tue, 12 Aug 2008 17:29:55 GMT - Yahoo! News: Business
    Most companies in US avoid federal income taxes (AP)
    AP - Two-thirds of U.S. corporations paid no federal income taxes between 1998 and 2005, according to a new report from Congress. -- read full article
    Tue, 12 Aug 2008 10:31:40 GMT - Yahoo! News: Business
    Conflict is unlikely to deter Russia investors (AP)

    Russian Prime Minister Vladimir Putin heads up a cabinet meeting in Moscow about the ongoing armed conflicts involving Russia, Georgia, and the Georgian breakaway republics of Abkhazia and South Ossetia. Russian troops on Monday moved further into Georgian territory and the Tbilisi government said its soldiers had been forced to retrench closer to the capital.(AFP/RIA)AP - Russian stock markets rose Monday as investors focused on the long-term opportunities offered by Russia's booming economy instead of the clash between Russia and Georgia over the separatist province of South Ossetia.


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    Mon, 11 Aug 2008 17:17:00 GMT - Yahoo! News: Business
    JPMorgan has $1.5 billion in Q3 mortgage asset losses (Reuters)

    People walk past the JPMorgan Chase  and  Co building in New York March 17, 2008. (Chip East/Reuters)Reuters - JPMorgan Chase & Co said it has racked up $1.5 billion of losses so far this quarter on mortgage-linked assets, reflecting deepening turmoil in credit markets.


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    Tue, 12 Aug 2008 17:56:16 GMT - Yahoo! News: Business
    UBS rips up bank structure as rich clients flee (Reuters)

    The logo of Swiss bank UBS is seen on a building in Zurich July 8, 2008. (Arnd Wiegmann/Reuters)Reuters - UBS will separate its troubled investment bank from its prized wealth management arm, paving the way to sell the business that made it Europe's biggest casualty of the credit crunch.


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    Tue, 12 Aug 2008 16:19:17 GMT - Yahoo! News: Business
    Financials weigh on Wall St (Reuters)

    A trader works on the floor of the New York Stock Exchange August 8, 2008. (Joshua Lott/Reuters)Reuters - Renewed credit concerns knocked down shares of the major U.S. banks on Tuesday, driving the Dow and S&P 500 lower, and offsetting a decline of $1 in the price of the barrel of U.S. crude oil.


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    Tue, 12 Aug 2008 17:34:32 GMT - Yahoo! News: Business
    Anheuser-Busch boosts employee buyout program (Reuters)

    Anheuser Busch, Inc. World Headqaurters in St Louis, July 14, 2008. (Peter Newcomb/Reuters)Reuters - Anheuser-Busch Cos Inc on Tuesday said it approved an enhanced employee buyout program that it expects will reduce its salaried work force 10 percent to 15 percent.


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    Tue, 12 Aug 2008 14:53:43 GMT - Yahoo! News: Business
    Trade gap shrinks despite oil price surge (Reuters)

    A New York City cab driver fills his taxi up with gas at a Hess station in New York July 2, 2008. (Shannon Stapleton/Reuters)Reuters - The U.S. trade deficit shrank unexpectedly in June as the weak U.S. dollar helped push exports higher and overpowered record high prices for imported oil, a Commerce Department report showed on Tuesday.


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    Tue, 12 Aug 2008 15:26:47 GMT - Yahoo! News: Business
    Tesco to open grocery stores in India, supply goods to Tata (AFP)

    File photo shows shopping trolleys at a Tesco superstore in London. The supermarket giant has announced plans to open wholesale grocery shops in India that will supply goods to Tata-owned hypermarkets(AFP/File/Adrian Dennis)AFP - Tesco, the biggest British retailer, announced on Tuesday plans to open wholesale grocery stores in India that will supply goods to hypermarkets owned by Indian conglomerate Tata Group.


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    Tue, 12 Aug 2008 08:17:12 GMT - Yahoo! News: Business
    Most companies in US avoid federal income taxes (AP)
    AP - Unlike the rest of us, most U.S. corporations and foreign companies doing business in the United States pay no federal income tax, according to a new report from Congress. -- read full article
    Tue, 12 Aug 2008 04:15:01 GMT - Yahoo! News: Business
    China shares plunge 5.21 percent (AFP)

    File photo shows a man checking a share price screen at a securities company in China's southwestern city of Chengdu. Share prices in the country have closed down 5.21 percent, extending Friday's steep decline(AFP/File/Liu Jin)AFP - Chinese share prices closed down 5.21 percent Monday, extending Friday's steep decline as investors rushed to dump stocks after losing hope that government support was imminent, dealers said.


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    Mon, 11 Aug 2008 08:00:41 GMT - Yahoo! News: Business
    Drugmakers protest plan on legal costs: report (Reuters)

    A pharmaceutical researcher in a file photo. (File/Reuters)Reuters - Six leading drugmakers sent a letter Friday to U.S. accounting-rule lawmakers objecting to a proposed rule that would require companies to disclose estimate costs of all continuing litigation, the Wall Street Journal said Tuesday.


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    Tue, 12 Aug 2008 04:49:25 GMT - Yahoo! News: Business
    UBS rips up one-bank model as rich clients flee (Reuters)

    The logo of Swiss bank UBS is seen on a building in Zurich July 8, 2008. (Arnd Wiegmann/Reuters)Reuters - Swiss bank UBS will separate its wealth management business from investment banking, a move that could herald a spin-off or sale of the business that made it Europe's top casualty of the markets crisis.


    -- read full article
    Tue, 12 Aug 2008 08:39:24 GMT - Yahoo! News: Business
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