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    Business Headlines
    EIA says not aware of oil data probe (Reuters)

    Gas and diesel pumps in a file photo. (Mike Blake/Reuters)Reuters - The Energy Information Administration said on Thursday it is unaware of any investigation by federal market regulators of the agency's weekly report on oil inventory levels.


    -- read full article
    Thu, 04 Sep 2008 17:13:55 GMT - Yahoo! News: Business
    Boeing workers vote to strike, walkout delayed (Reuters)

    Boeing machinists march from company's Renton, Washington factory to their union hall to vote on the company's final contract offer, September 3, 2008. (Robert Sorbo/Reuters)Reuters - Boeing Co's largest labor union said its members had rejected the plane maker's contract offer and voted to strike, but the union agreed to postpone a walkout for 48 hours to allow more time for negotiations.


    -- read full article
    Thu, 04 Sep 2008 14:07:26 GMT - Yahoo! News: Business
    Wall St plummets on signs of labor weakness (Reuters)

    Traders work on the floor of the New York Stock Exchange, June 24, 2008. (Brendan McDermid/Reuters)Reuters - Stocks plummeted on Thursday, with the Nasdaq slumping more than 3 percent, as investors grew anxious over more signs of weakness in the U.S. labor market and sluggish growth overseas.


    -- read full article
    Thu, 04 Sep 2008 18:38:15 GMT - Yahoo! News: Business
    U.S. services, productivity up but job market weak (Reuters)

    An assembly worker in a file photo. U.S. businesses boosted their productivity strongly in the second quarter but it was at the expense of weakening labor market, government reports on Thursday showed. (File/Reuters)Reuters - The dominant U.S. service sector improved last month and businesses boosted productivity in the second quarter but the labor market continues to struggle, government reports on Thursday showed.


    -- read full article
    Thu, 04 Sep 2008 15:57:22 GMT - Yahoo! News: Business
    European shares lower on falling oil prices (AFP)

    A trader watches France's CAC 40 index of top shares at a private banking company in Paris, January 2008. Europe's leading stock exchanges fell after Wall Street had closed lower overnight, dragged down by concern over falling oil prices.(AFP/File/Jean Ayissi)AFP - Europe's leading stock exchanges fell on Wednesday after Wall Street had closed lower overnight, dragged down by concern over falling oil prices.


    -- read full article
    Wed, 03 Sep 2008 10:56:08 GMT - Yahoo! News: Business
    August retail sales expected to show weakness (Reuters)

    Shoppers walk along Broadway in New York's Soho shopping district August 13, 2008. (Brendan McDermid/Reuters)Reuters - Major U.S. retailers are expected to post softer August sales as consumers spent less on back-to-school items, with the results helping to set analysts' expectations for the all-important holiday season.


    -- read full article
    Thu, 04 Sep 2008 07:34:42 GMT - Yahoo! News: Business
    Service sector seen shrinking in August (Reuters)

    A hotel waiter is seen in a publicity photo. (Vismedia/Reuters)Reuters - The U.S. service sector likely shrank modestly in August, as a pullback in consumer spending pinched retailers and other non-manufacturing industries for a second straight month.


    -- read full article
    Thu, 04 Sep 2008 07:30:29 GMT - Yahoo! News: Business
    Boeing workers vote to strike, but walkout delayed (Reuters)

    Boeing machinists march from company's Renton, Washington factory to their union hall to vote on the company's final contract offer, September 3, 2008. (Robert Sorbo/Reuters)Reuters - Boeing Co's largest labor union said its members rejected the plane maker's contract offer and voted to strike, but the union agreed to postpone a walkout for 48 hours to allow more time for negotiations.


    -- read full article
    Thu, 04 Sep 2008 06:39:11 GMT - Yahoo! News: Business
    Rate decisions ahead, global stocks stable as dollar slips (Reuters)

    An investor monitors stocks prices in Kuala Lumpur September 4, 2008. (Bazuki Muhammad/Reuters)Reuters - Global equities stabilized on Thursday after hitting a two-year low while the dollar trimmed recent gains ahead of European interest rate decisions and the British pound touched a trade-weighted 12-year low.


    -- read full article
    Thu, 04 Sep 2008 08:16:02 GMT - Yahoo! News: Business
    MUFG rejects report to invest in Lehman (Reuters)

    A pedestrian walks past a signboard at a Mitsubishi UFJ Financial Group (MUFG) bank branch in Tokyo February 15, 2007. (Kim Kyung-Hoon/Reuters)Reuters - Mitsubishi UFJ Financial Group (8306.T) said it has no plans to invest in U.S. investment bank Lehman Brothers , rejecting a media report that it may bid for a stake.


    -- read full article
    Thu, 04 Sep 2008 03:06:00 GMT - Yahoo! News: Business
    Snapshot of early back-to-school sales (AP)
    AP - Early reports from several retailers show a sluggish start to the back-to-school season. Here is a snapshot of some of the same-store sales results announced Wednesday, a day before a majority of merchants are expected to report final figures. Same-store sales are sales at stores opened at least a year and are a key measure of a retailer's health. -- read full article
    Wed, 03 Sep 2008 18:30:23 GMT - Yahoo! News: Business
    Fed report says economy slows, with some price relief (Reuters)

    Federal Reserve Chairman Ben Bernanke testifies during a hearing on the response by federal financial regulators to ongoing turmoil in U.S. credit and mortgage markets and the near collapse of brokerage firm Bear Stearns, on Capitol Hill in Washington, April 3, 2008. (Jonathan Ernst/Reuters)Reuters - Economic activity has been slow across most of the United States in recent weeks, but there has been some relief from high commodity and energy prices, the Federal Reserve said on Wednesday.


    -- read full article
    Wed, 03 Sep 2008 18:36:16 GMT - Yahoo! News: Business
    Global growth concerns rattle Wall St. (Reuters)

    The sun lights the exterior of the New York Stock Exchange, as people walk past on the shadowed street, July 16, 2008. (Chip East/Reuters)Reuters - Stocks slipped in choppy trade on Wednesday as signs of increasingly sluggish growth in the world economy left investors worried about the outlook for consumer spending and corporate profits.


    -- read full article
    Wed, 03 Sep 2008 18:49:32 GMT - Yahoo! News: Business
    GMAC to cut 5,000 jobs at ResCap mortgage unit (Reuters)

    A view of a five-bedroom and two-bath home in Detroit, September 23, 2007. (Rebecca Cook/Reuters)Reuters - GMAC LLC said on Wednesday it plans to cut 5,000 jobs at its Residential Capital LLC mortgage unit, or 60 percent of that work force, and shut its 200 GMAC Mortgage retail offices to combat persistently weak housing and credit markets.


    -- read full article
    Wed, 03 Sep 2008 17:07:56 GMT - Yahoo! News: Business
    GM, Ford, Toyota post U.S. sales decline (Reuters)

    A line of Ford trucks for sale at a Ford dealership in Broomfield, Colorado, July 23, 2008. (Rick Wilking/Reuters)Reuters - General Motors Corp and Ford Motor Co posted double-digit declines in U.S. vehicle sales on Wednesday as uncertain economic conditions undercut a renewed incentives push by Detroit automakers and deepened an industry slowdown.


    -- read full article
    Wed, 03 Sep 2008 18:21:16 GMT - Yahoo! News: Business
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