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    Business Headlines
    Lennar loss narrower than expected (Reuters)

    A Lennar housing development in Colorado in a file photo. (Rick Wilking/Reuters)Reuters - Lennar Corp posted a narrower-than-expected quarterly loss on Tuesday as the home builder reduced construction and administrative costs.


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    Tue, 23 Sep 2008 11:51:17 GMT - Yahoo! News: Business
    GSE oversight powers came too late: regulator (Reuters)

    Photographers surround (from right) Treasury Secretary Henry Paulson,Chairman of the Federal Reserve Ben Bernanke, Securities and Exchange Commission Chairman Christopher Cox and Federal Housing Finance Agency Director James Lockhart III, at the hearing held by the Senate Banking Committee about credit market turmoil and the government economic bailout plan on Capitol Hill in Washington September 23, 2008. (Kevin Lamarque/Reuters)Reuters - The U.S. Congress gave a new regulator for Fannie Mae and Freddie Mac stronger oversight powers too late to help steer the companies away from a government takeover, the chief regulator for the mortgage finance companies said on Tuesday.


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    Tue, 23 Sep 2008 11:47:47 GMT - Yahoo! News: Business
    Oil falls $3 as bailout worries weigh (Reuters)

    A general view shows the P-51 oil rig of Brazilian oil giant Petrobras at Angra dos reis in Rio de Janeiro August 21, 2008. (Bruno Domingos/Reuters)Reuters - Oil prices fell $3 on Tuesday -- reversing direction after Monday's dramatic rally -- as dealers focused on slowing global energy demand and doubts over a U.S. plan to rescue the financial sector.


    -- read full article
    Tue, 23 Sep 2008 18:23:08 GMT - Yahoo! News: Business
    Financial worries, GE push Wall Street lower (Reuters)

    A street sign is seen on Wall Street outside the New York Stock Exchange York January 18, 2008. (Brendan McDermid/Reuters)Reuters - Stocks fell in choppy trading on Tuesday, led by a drop in shares of General Electric and lingering worries about the financial sector that derailed an advance spearheaded by technology companies.


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    Tue, 23 Sep 2008 18:54:21 GMT - Yahoo! News: Business
    Paulson and Bernanke warn of costs of bailout delay (Reuters)

    U.S. Treasury Secretary Henry Paulson (L) listens to Federal Reserve Chairman Ben Bernanke (R) testify before the Senate Banking Committee on Capitol Hill September 23, 2008. (Larry Downing/Reuters)Reuters - U.S. Treasury Secretary Henry Paulson and Federal Reserve Chairman Ben Bernanke on Tuesday urged Congress to act swiftly to put in place a $700 billion financial system bailout, warning delay would put the economy at risk.


    -- read full article
    Tue, 23 Sep 2008 15:37:21 GMT - Yahoo! News: Business
    Circuit City CEO resigns amid troubles (AP)
    AP - The chief executive at Circuit City Stores Inc. stepped down Monday and was replaced by a board member appointed to defuse a fierce proxy battle as the struggling electronics retailer steps up its turnaround effort. -- read full article
    Mon, 22 Sep 2008 23:39:30 GMT - Yahoo! News: Business
    Today on the presidential campaign trail (AP)

    Republican presidential candidate Sen. John McCain, R-Ariz. participates in a town hall meeting style campaign event at the Scranton Cultural Center at the Masonic Temple in Scranton, Pa., Monday, Sept. 22, 2008. (AP Photo/Gerald Herbert)AP - McCain says economic crisis worst since World War II ... Obama pledges deep cuts in spending to fix economy ... Obama and McCain attack each other in new television ads ... Biden calls for stronger voice for National Guard within the Defense Department ... McCain suggests NY Democrat Cuomo could be SEC chief ... AP-Yahoo Poll: Blacks, whites still see society through different lenses


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    Mon, 22 Sep 2008 19:59:10 GMT - Yahoo! News: Business
    GIC has large cash pile, sees opportunities in US (Reuters)
    Reuters - Singapore sovereign fund GIC said it still had plenty of cash after its multi-billion dollar investments in UBS and Citigroup and saw opportunities in the United States amid the financial storm. -- read full article
    Tue, 23 Sep 2008 05:29:50 GMT - Yahoo! News: Business
    Bristol-Myers raises ImClone bid to $62/shr (Reuters)
    Reuters - Bristol-Myers Squibb Co said on Monday it raised to $62 from $60 its per-share offer for the part of biotechnology company ImClone Systems Inc that it does not already own. -- read full article
    Tue, 23 Sep 2008 03:47:58 GMT - Yahoo! News: Business
    Is it time to buy Morgan Stanley and Goldman? (Reuters)

    An employee enters the Morgan Stanley headquarters building in New York's Times Square, September 18, 2008. (Brendan McDermid/Reuters)Reuters - Goldman Sachs Group Inc and Morgan Stanley are not the companies they used to be.


    -- read full article
    Tue, 23 Sep 2008 01:48:56 GMT - Yahoo! News: Business
    Holiday sales set for worst gain in 6 years (Reuters)
    Reuters - The tumultuous economic climate will constrain U.S. holiday sales growth to its lowest level in six years and a turnaround is not likely until the second half of next year, a leading retail trade group forecast on Tuesday. -- read full article
    Tue, 23 Sep 2008 04:07:54 GMT - Yahoo! News: Business
    AIG CEO expects "for sale" list next week (Reuters)

    The logo of American International Group (AIG) is seen at their offices in New York September 22, 2008. (Eric Thayer/Reuters)Reuters - American International Group Inc should have a list of assets it wants to sell by next week, its new chief executive said on Monday, as the company prepares to split itself up to repay an emergency bailout loan.


    -- read full article
    Tue, 23 Sep 2008 01:52:40 GMT - Yahoo! News: Business
    CarMax 2Q earnings plunge on weak vehicle sales (AP)
    AP - Auto retailer CarMax Inc. said Monday its second-quarter earnings plunged 78 percent as a weak economy and high gasoline prices hurt its sales. The results were worse than expected and its shares fell about 3 percent in morning trading. -- read full article
    Mon, 22 Sep 2008 14:47:04 GMT - Yahoo! News: Business
    Microsoft shares rise 5 percent on share repurchase (Reuters)

    A technician adjusts a spotlight at the exhibition stand of Microsoft in preparation for the CeBIT computer fair in the northern German town of Hanover March 12, 2007. (Christian Charisius/Reuters)Reuters - Shares of Microsoft Corp jumped 5.1 percent to $26.45 in trading before the opening bell on Monday, after the company raised its quarterly dividend and set a $40 billion share repurchase plan.


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    Mon, 22 Sep 2008 13:00:18 GMT - Yahoo! News: Business
    Microsoft plans debt issue, $40 billion share buyback (Reuters)

    A technician adjusts a spotlight at the exhibition stand of Microsoft in preparation for the CeBIT computer fair in the northern German town of Hanover March 12, 2007. (Christian Charisius/Reuters)Reuters - Microsoft Corp plans to buy back up to $40 billion of its own stock, lift its dividend and issue commercial paper for the first time in the company's history, the software maker said on Monday.


    -- read full article
    Mon, 22 Sep 2008 17:12:57 GMT - Yahoo! News: Business
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