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    Business Headlines
    Dell sees Asia business sound but voices caution (Reuters)

    Shoppers walk past a Dell booth at the COMEX information technology and consumers technology exhibition in Singapore, August 28, 2008. (Tim Chong/Reuters)Reuters - Dell Inc , the world's No. 2 personal computer maker, said on Friday its Asia Pacific business was holding up even as corporations turned cautious about spending on technology because of slowing global growth.


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    Fri, 29 Aug 2008 06:12:14 GMT - Yahoo! News: Business
    Delphi liquidation looms large: report (Reuters)

    Delphi Corp.'s headquarters is seen in Troy, Michigan October 8, 2005. (Rebecca Cook/Reuters)Reuters - Chances of bankrupt U.S. auto parts maker Delphi Corp being liquidated are increasing, with some U.S. plants being taken over by its former parent General Motors Corp , the Wall Street Journal said, citing people involved in the bankruptcy process.


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    Fri, 29 Aug 2008 07:47:00 GMT - Yahoo! News: Business
    Retail group sees slow sales well into 2009 (Reuters)
    Reuters - U.S. sales will stay sluggish through the holidays and well into next year, despite hopes consumers would get earlier relief from higher food and fuel prices, the National Retail Federation said on Thursday. -- read full article
    Thu, 28 Aug 2008 16:50:16 GMT - Yahoo! News: Business
    Toyota cuts sales forecast (Reuters)

    Toyota Motor Corp President Katsuaki Watanabe speaks during a news conference in Tokyo August 28, 2008. (Yuriko Nakao/Reuters)Reuters - Toyota Motor Corp cut its 2009 vehicle sales forecast by nearly 7 percent as high fuel prices hammer demand for large cars and pickup trucks, and said it will speed up the rollout of hybrid and electric cars as their popularity grows.


    -- read full article
    Thu, 28 Aug 2008 13:29:44 GMT - Yahoo! News: Business
    Wall Street rallies on strong GDP, weaker oil (Reuters)

    Traders work on the floor of the New York Stock Exchange at the post that handles shares of Merrill Lynch July 29, 2008. (Brendan McDermid/Reuters)Reuters - Stocks rallied on Thursday, led by major industrial and financial companies, as oil prices eased and data showed the economy grew more quickly than expected in the second quarter.


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    Thu, 28 Aug 2008 18:06:27 GMT - Yahoo! News: Business
    Fannie's capital better than market perceptions: Lehman (Reuters)

    The headquarters of mortgage lender Fannie Mae is shown in northwest Washington October 3, 2006. (Jason Reed/Reuters)Reuters - Fannie Mae's capital and reserves positions are better than market expectations, and the biggest U.S. mortgage finance company may not need any more externally raised capital, according to an analyst at Lehman Brothers.


    -- read full article
    Thu, 28 Aug 2008 14:30:45 GMT - Yahoo! News: Business
    Economy shows vigor, but seen flagging (Reuters)

    The U.S. economy expanded at a stronger-than-first-reported 3.3 percent annual rate in the second quarter, as consumer spending and net exports were more robust than initially estimated and inventories fell less sharply, a government report showed on Thursday. (Graphics/Reuters)Reuters - Strong exports and consumer spending supported by government stimulus checks pushed the U.S. economy ahead at a solid 3.3 percent annual rate in the second quarter, much stronger than first thought, but growth is expected to flag as those factors fade.


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    Thu, 28 Aug 2008 16:53:09 GMT - Yahoo! News: Business
    Esprit shares plummet on growth worries (Reuters)

    A man walks past an Esprit outlet in Hong Kong, January 30, 2008. (Bobby Yip/Reuters)Reuters - Shares in Esprit Holdings, the world's No. 5 fashion retailer, plunged nearly a fifth on Thursday to their lowest in two years after the firm missed earnings forecasts and warned investors of tougher times ahead.


    -- read full article
    Thu, 28 Aug 2008 05:52:26 GMT - Yahoo! News: Business
    Caterpillar sees strong China sales enduring (Reuters)

    A Caterpillar heavy equipment is parked at a storage yard in Denver July 22, 2008. (Rick Wilking/Reuters)Reuters - Caterpillar Inc expects weakness in rich-country economies to persist into 2009 but its sales in China will remain strong, Jim Owens, chairman and chief executive of the U.S. construction and mining equipment firm, said on Thursday.


    -- read full article
    Thu, 28 Aug 2008 06:15:24 GMT - Yahoo! News: Business
    Oil rises above $119 on storm fears (Reuters)

    Venezuela's President Hugo Chavez takes a sample of crude during his weekly broadcast at a nationalized oil field at Orinoco's belt in the southern strip of the eastern Orinoco River February 17, 2008. (Miraflores Palace/Handout/Reuters)Reuters - Oil rose for a fourth straight day to above $119 a barrel on Thursday, on fears Tropical Storm Gustav may hit the Gulf of Mexico after it morphs into a major hurricane, crippling the heart of U.S. offshore production.


    -- read full article
    Thu, 28 Aug 2008 07:33:30 GMT - Yahoo! News: Business
    GM to invest $200 million in India engine plant (Reuters)

    American flags flutter in the wind in front of the General Motors Corp. headquarters in downtown Detroit, Michigan November 7, 2007. (Rebecca Cook/Reuters)Reuters - General Motors Corp said on Thursday it would invest more than $200 million in a powertrain plant in India, as the troubled U.S. carmaker aims to double its share of a fast-growing but increasingly competitive market.


    -- read full article
    Thu, 28 Aug 2008 08:39:57 GMT - Yahoo! News: Business
    Starbucks top brass to receive no raise next year (Reuters)

    Starbucks signs are seen outside one of its stores in New York July 3, 2008. (Chip East/Reuters)Reuters - Top executives at Starbucks Corp including Chairman and Chief Executive Howard Schultz will not be getting raises anytime soon, after the coffee chain's first-ever quarterly loss as a public company.


    -- read full article
    Thu, 28 Aug 2008 01:33:29 GMT - Yahoo! News: Business
    Toyota cuts sales forecast as demand sputters (Reuters)

    An unsold new Toyota Sequoia SUV is seen at a dealership in Silver Spring, Maryland, July 1, 2008. (Yuri Gripas/Reuters)Reuters - Toyota Motor Corp (7203.T), the world's most profitable carmaker, cut its 2009 vehicle sales forecast by nearly 7 percent due to a severe downturn in Western markets driven by high fuel prices and a credit crunch.


    -- read full article
    Thu, 28 Aug 2008 06:07:38 GMT - Yahoo! News: Business
    Fannie Mae, Freddie Mac shares extend rebound (Reuters)

    The headquarters of Freddie Mac are pictured in McLean, Virginia, May 14, 2008. (Jason Reed/Reuters)Reuters - Stocks of Fannie Mae and Freddie Mac, the largest U.S. housing finance companies, rallied for a third straight day on Wednesday as investors grew more confident their shareholdings would not be wiped out by any government intervention.


    -- read full article
    Wed, 27 Aug 2008 15:59:24 GMT - Yahoo! News: Business
    Judge dismisses borrower lawsuit against IndyMac (Reuters)

    A customer who did not want to give his name talks to a police officer at a closed branch of IndyMac Bank in Burbank, California July 11, 2008. (Fred Prouser/Reuters)Reuters - A federal judge has dismissed a lawsuit accusing the now-bankrupt mortgage lender IndyMac Bancorp Inc of inflating the appraised values of homes and misleading borrowers into paying higher closing and financing costs.


    -- read full article
    Wed, 27 Aug 2008 15:48:56 GMT - Yahoo! News: Business
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