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    Business Headlines
    Gustav seen as less costly than Katrina for insurers (Reuters)
    Reuters - Hurricane Gustav, which came ashore southwest of New Orleans on Monday morning, is expected to trigger significant insurance claims but far less than record-setting Katrina did three years ago. -- read full article
    Mon, 01 Sep 2008 17:41:52 GMT - Yahoo! News: Business
    Commerzbank to axe 9,000 jobs in Dresdner takeover (Reuters)

    People pass by a branch of German bank Dresdner Bank in Munich, August 29, 2008. (Alexandra Beier/Reuters)Reuters - Commerzbank outlined its plans to cut 9,000 jobs and shrink investment bank Dresdner Kleinwort to a rump after buying Dresdner Bank, but investors were unhappy about the $14.5 billion deal.


    -- read full article
    Mon, 01 Sep 2008 16:48:32 GMT - Yahoo! News: Business
    More volatility seen with hurricane (Reuters)
    Reuters - Wall Street is set for another volatile week after the Labor Day holiday, as investors track Hurricane Gustav, the price of oil, key economic data and continued fallout from the credit crisis. -- read full article
    Mon, 01 Sep 2008 17:49:42 GMT - Yahoo! News: Business
    Fingers crossed in U.S. oil sector as storm passes (Reuters)

    Hurricane Gustav in a satellite image taken September 1, 2008. (NOAA/Handout/Reuters)Reuters - Energy companies waited anxiously on Monday as Hurricane Gustav lurched across the nation's largest concentration of oil platforms and refineries in the biggest threat to fuel supplies since 2005.


    -- read full article
    Mon, 01 Sep 2008 18:19:59 GMT - Yahoo! News: Business
    Commerzbank to buy Dresdner for $14.5 billion (Reuters)

    People pass by a branch of German bank Dresdner Bank in Munich, August 29, 2008. (Alexandra Beier/Reuters)Reuters - Commerzbank plans to cut almost 2 billion euros ($3 billion) in costs by slashing 9,000 jobs and shrinking investment bank Dresdner Kleinwort after buying Dresdner Bank, but investors appeared unconvinced by the deal.


    -- read full article
    Mon, 01 Sep 2008 08:55:18 GMT - Yahoo! News: Business
    Downturns and blowdowns rattle investors (Reuters)

    Traders work on the floor of the New York Stock Exchange on August 25, 2008 in New York City. Wall Street returns from vacation season to enter what is historically the most perilous period of the year amid conflicting signals about the US economic outlook.(AFP/Getty Images/File/Mario Tama)Reuters - Financial markets began the month pressured on all sides on Monday with Hurricane Gustav lifting the price of oil, economic fear driving equities lower and gloom about Britain's downturn knocking sterling to a 12-year low.


    -- read full article
    Mon, 01 Sep 2008 08:23:14 GMT - Yahoo! News: Business
    Lehman in talks with KDB to raise $6 billion: report (Reuters)

    Pedestrians walk past a Lehman Brothers sign in New York, June 19, 2008. (Lucas Jackson/Reuters)Reuters - Lehman Brothers Holdings has intensified talks with Korea Development Bank (KDB) to raise as much as $6 billion in a share sale that could be concluded this week, the Sunday Telegraph reported.


    -- read full article
    Mon, 01 Sep 2008 06:50:13 GMT - Yahoo! News: Business
    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
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