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    Business Headlines
    Dow, S&P flat as bailout weighs, techs lift Nasdaq (Reuters)

    Traders work on the floor of the New York Stock Exchange in New York September 23, 2008. (Jacob Silberberg/Reuters)Reuters - The Dow and S&P 500 barely budged on Wednesday as investors' uncertainty about when Congress might approve a proposed $700 billion bailout for the financial sector offset news of Warren Buffett's $5 billion investment in Goldman Sachs.


    -- read full article
    Wed, 24 Sep 2008 18:33:54 GMT - Yahoo! News: Business
    Bailout debate rages (Reuters)

    US Treasury Secretary Henry Paulson(L) and US Federal Reserve Chairman Ben Bernanke, seen here before the Senate Banking Committee on Capitol Hill, Congress Tuesday to swiftly pass a 700-billion-dollar Wall Street bailout, warning the entire US economy was at risk.(AFP/Nicholas Kamm)Reuters - The White House's proposed $700 billion financial bailout met skepticism and anger from lawmakers on Wednesday, stoking fresh anxiety on Wall Street despite a $5 billion Wall Street investment by billionaire Warren Buffett that was hailed as a vote of confidence.


    -- read full article
    Wed, 24 Sep 2008 17:41:10 GMT - Yahoo! News: Business
    Circuit City seeks jolt as embattled CEO departs (AP)

    Circuit City Inc. CEO Philip J. Schoonover poses in front of a display of widescreen televisions at the Circuit City store in Glen Allen, Va.,  Nov. 21, 2005. Schoonover, 48,  stepped down Monday, Sept. 22, 2008,  and was replaced by a board member appointed to defuse a fierce proxy battle as the struggling electronics retailer steps up its turnaround effort.  (AP Photo/Steve Helber, File)AP - A change at the top may not be enough to jump-start Circuit City Stores Inc., after the head of the nation's No. 2 consumer electronics retailer abruptly resigned amid plummeting stock prices and calls for his ouster.


    -- read full article
    Tue, 23 Sep 2008 21:42:02 GMT - Yahoo! News: Business
    Dollar recoups some losses amid nerves on US bank bailout (AFP)

    A man counts US dollar notes. The dollar recovered some ground on Tuesday as players awaited the outcome of a US government plan to bail out a banking system crippled by the subprime home loan crisis.(AFP/File/Vanderlei Almeida)AFP - The dollar recovered some ground on Tuesday as players awaited the outcome of a US government plan to bail out a banking system crippled by the subprime home loan crisis.


    -- read full article
    Tue, 23 Sep 2008 21:32:07 GMT - Yahoo! News: Business
    TSX pushes lower on weak resources (Reuters)
    Reuters - The Toronto Stock Exchange's main index slid more than 100 points on Tuesday, weighed down by weak resource issues, while investors eyed congressional testimony on the $700 billion plan to bail out the battered U.S. financial sector. -- read full article
    Tue, 23 Sep 2008 16:39:53 GMT - Yahoo! News: Business
    FBI probing Fannie, Freddie, Lehman, AIG: report (Reuters)

    The headquarters of mortgage lender Freddie Mac is seen in Mclean, Virginia, near Washington, September 8, 2008. (Jason Reed/Reuters)Reuters - The FBI is investigating Fannie Mae , Freddie Mac , Lehman Brothers Holdings Inc. and insurer American International Group Inc. and their senior executives for potential mortgage fraud, CNN reported on Tuesday.


    -- read full article
    Wed, 24 Sep 2008 00:39:14 GMT - Yahoo! News: Business
    SMFG seen eyeing Goldman as Japan shops on Wall St (Reuters)
    Reuters - Sumitomo Mitsui Financial Group (8316.T), Japan's No. 3 bank, plans to invest in Goldman Sachs Group Inc , Japanese media said, in what would be the third big Japanese investment this week on Wall Street. -- read full article
    Wed, 24 Sep 2008 08:00:45 GMT - Yahoo! News: Business
    EDF launches 12.5 billion pound bid on British Energy (Reuters)
    Reuters - French utility EDF launched a 12.5 billion pound ($23.14 billion) agreed takeover bid on power producer British Energy , helping to secure Britain's nuclear future. -- read full article
    Wed, 24 Sep 2008 06:42:32 GMT - Yahoo! News: Business
    Fed sets $30 billion swaps lines to ease credit strains (Reuters)
    Reuters - The U.S. Federal Reserve said on Wednesday that it had set up $30 billion worth of new currency swaps with central banks in Australia and Scandinavia, marking its latest bid to ease global credit market strains. -- read full article
    Wed, 24 Sep 2008 08:19:51 GMT - Yahoo! News: Business
    Goldman gets boost amid worries on bailout (Reuters)

    Warren Buffett listens to a question during a news conference in Madrid, May 21, 2008. (Andrea Comas/Reuters)Reuters - Architects of a $700 billion bailout plan urged U.S. lawmakers to act swiftly or face dire economic consequences amid growing concern the rescue may be delayed, but markets were heartened by news that Warren Buffett was investing $5 billion in Goldman Sachs .


    -- read full article
    Wed, 24 Sep 2008 04:27:47 GMT - Yahoo! News: Business
    Circuit City seeks jolt as embattled CEO departs (AP)

    Circuit City Inc. CEO Philip J. Schoonover poses in front of a display of widescreen televisions at the Circuit City store in Glen Allen, Va.,  Nov. 21, 2005. Schoonover, 48,  stepped down Monday, Sept. 22, 2008,  and was replaced by a board member appointed to defuse a fierce proxy battle as the struggling electronics retailer steps up its turnaround effort.  (AP Photo/Steve Helber, File)AP - A change at the top may not be enough to jump-start Circuit City Stores Inc., after the head of the nation's No. 2 consumer electronics retailer abruptly resigned amid plummeting stock prices and calls for his ouster.


    -- read full article
    Tue, 23 Sep 2008 18:55:30 GMT - Yahoo! News: Business
    Dollar recovers some lost ground amid nerves on US bank bailout (AFP)

    A man counts US dollar notes. The dollar recovered some ground on Tuesday as players awaited more details on a massive US government plan to bail out a banking system crippled by the subprime home loan crisis.(AFP/File/Vanderlei Almeida)AFP - The dollar recovered some ground on Tuesday as players awaited more details on a massive US government plan to bail out a banking system crippled by the subprime home loan crisis.


    -- read full article
    Tue, 23 Sep 2008 17:08:19 GMT - Yahoo! News: Business
    Retail trade group offers weak holiday forecast (AP)
    AP - Holiday sales are expected to grow at the slowest pace in six years as shoppers worry about jobs, the housing and stock markets and high gas and food prices, according to a forecast from the National Retail Federation being released Tuesday. -- read full article
    Tue, 23 Sep 2008 14:52:15 GMT - Yahoo! News: Business
    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.


    -- read full article
    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.


    -- read full article
    Tue, 23 Sep 2008 11:47:47 GMT - Yahoo! News: Business
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