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    Business Headlines
    Oil gains over $1 as Gustav shuts U.S. output (Reuters)

    The center of Hurricane Gustav is pictured over the Caribbean Sea in this NOAA satellite image taken early August 29, 2008. (National Oceanic and Atmospheric Administration/Handout/Reuters)Reuters - Oil prices rose more than $1 on Monday after energy firms in the U.S. Gulf shut down nearly all offshore oil output and a host of flood-prone coastal refineries ahead of Hurricane Gustav, the biggest threat since 2005's devastating Katrina.


    -- read full article
    Mon, 01 Sep 2008 07:23:58 GMT - Yahoo! News: Business
    Gulf oil fields, refineries idled ahead of Gustav (Reuters)

    Hurricane Gustav in a satellite image taken August 31, 2008. (NOAA/Handout/Reuters)Reuters - U.S. energy companies shut nearly all offshore Gulf oil and gas production and raced to bring down flood-prone Louisiana refineries on Sunday ahead of Hurricane Gustav, which threatens to rival the wrath of 2005's Katrina.


    -- read full article
    Mon, 01 Sep 2008 03:14:44 GMT - Yahoo! News: Business
    Hard-up consumers seen seeking solace in gadgets (Reuters)

    Berlin mayor Klaus Wowereit opens a refrigerator at the Miele exhibition stand during his opening tour at the International Funkaustellung (IFA) consumer electronics fair in Berlin August 29, 2008. (Fabrizio Bensch/Reuters)Reuters - Consumer electronic makers are bracing themselves for slower growth in the second half of this year and in 2009, but count on consumers turning to home entertainment amid tougher economic times and tighter budgets.


    -- read full article
    Sun, 31 Aug 2008 14:09:52 GMT - Yahoo! News: Business
    Commerzbank says pays around 8.8 billion euros for Dresdner (Reuters)

    Allianz SE CEO Michael Diekmann arrives for the company's annual news conference in Munich February 21, 2008. (Michaela Rehle/Reuters)Reuters - COMMERZBANK AG says pays approximately 8.8 billion euros for Dresdner Bank, around 5 billion euros in expected synergies


    -- read full article
    Sun, 31 Aug 2008 18:55:23 GMT - Yahoo! News: Business
    U.S. Gulf oil output at a trickle ahead of Gustav (Reuters)

    The center of Hurricane Gustav is pictured over the Caribbean Sea in this NOAA satellite image taken early August 29, 2008. (National Oceanic and Atmospheric Administration/Handout/Reuters)Reuters - U.S. energy companies shut nearly all offshore oil production and were racing to bring down flood-prone Louisiana refineries on Sunday ahead of Hurricane Gustav's landfall, which could rival the wrath of 2005's Hurricane Katrina.


    -- read full article
    Sun, 31 Aug 2008 18:36:18 GMT - Yahoo! News: Business
    Investors Exited Stock Funds In July (Investor's Business Daily)
    Investor's Business Daily - Investors yanked $26.36 billion from stock funds in July -- the most since $44.84 billion in January. July trumps June's outflow figure of $4.82 billion, according to the Investment Company Institute. -- read full article
    Thu, 28 Aug 2008 22:33:07 GMT - Yahoo! News: Business
    Lenders mulling new offer in Alabama debt standoff (Reuters)
    Reuters - Alabama's Jefferson County and lenders pulled back from the brink of a threatened bankruptcy filing on Friday after the county proposed restructuring $3.2 billion of soured sewer debt. -- read full article
    Fri, 29 Aug 2008 23:31:51 GMT - Yahoo! News: Business
    U.S. Gulf oil producers, refiners brace for Gustav (Reuters)

    A man pushes his car through a flooded street in Havana August 26, 2008. (Claudia Daut/Reuters)Reuters - Oil and natural gas companies shut down production across the Gulf of Mexico on Saturday to prepare for the worst hurricane to hit the U.S. oilpatch since 2005, as coastal refineries braced for possible floods.


    -- read full article
    Sat, 30 Aug 2008 17:48:54 GMT - Yahoo! News: Business
    Personal Income Off 0.7% As Spending Lags Inflation (Investor's Business Daily)
    Investor's Business Daily - Consumers put the brakes on spending while personal income plunged in July, the Commerce Department said Friday, as the effect of rebate checks faded and inflation sapped buying power. -- read full article
    Fri, 29 Aug 2008 22:49:06 GMT - Yahoo! News: Business
    Palin, drilling advocate, spars with oil companies (Reuters)

    Alaska Governor Sarah Palin (L), her husband Todd and daughter Piper arrive at a campaign rally for presumptive Republican presidential nominee John McCain in Dayton, Ohio. McCain unveiled a major surprise in the White House race Friday by picking a little known governor from the oil-rich state of Alaska as his running-mate.(AFP/Getty Images/Mario Tama)Reuters - Alaska Gov. Sarah Palin is seen as a strong advocate for opening new areas to oil drilling, including the Arctic National Wildlife Refuge, but has taken a hard line in negotiations with oil companies and raised taxes on the state's energy producers.


    -- read full article
    Fri, 29 Aug 2008 20:13:05 GMT - Yahoo! News: Business
    Lehman nears plan for real estate assets: report (Reuters)
    Reuters - Lehman Brothers Holdings Inc. has settled on a structure that will allow it to offload billions of dollars in real-estate loans from its books, according to the on-line edition of the Wall Street Journal. -- read full article
    Sat, 30 Aug 2008 01:57:59 GMT - Yahoo! News: Business
    More volatility seen with hurricane, payrolls (Reuters)
    Reuters - Wall Street is set for another volatile week after the Labor Day holiday, as investors track the price of oil, key economic data and continued fallout from the credit crisis. -- read full article
    Fri, 29 Aug 2008 22:55:35 GMT - Yahoo! News: Business
    Stocks tumble as Dell warns on tech spending (Reuters)

    Traders work on the floor of the New York Stock Exchange March 17, 2008. (Brendan McDermid/Reuters)Reuters - U.S. stocks tumbled on Friday, led lower by tech shares after computer maker Dell warned that companies worldwide are cutting back on technology spending.


    -- read full article
    Fri, 29 Aug 2008 20:23:22 GMT - Yahoo! News: Business
    Consumer spending flags, but confidence rises (Reuters)

    A shopper walks past a store display in New York July 1, 2008. (Lucas Jackson/Reuters)Reuters - Personal income tumbled unexpectedly in July and inflation-adjusted spending shrank as government economic stimulus waned, but consumer spirits rose this month, a hint the economy may muddle through its woes.


    -- read full article
    Fri, 29 Aug 2008 19:00:13 GMT - Yahoo! News: Business
    Suitmakers hit hard as retailers want discounts (Reuters)
    Reuters - Competition and a move away from tailored dressing, only exacerbated by a weak economy, are hurting the men's suit business hard, and retailers are adding to manufacturers' pain by demanding more discounts. -- read full article
    Fri, 29 Aug 2008 11:24:09 GMT - Yahoo! News: Business
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