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    Business Headlines
    Circuit City has bigger 2Q loss, withdraws outlook (AP)
    AP - Circuit City Stores Inc. posted a wider second-quarter loss Monday, and the nation's second-largest consumer electronics retailer withdrew its fiscal 2009 outlook amid sluggish sales, poor traffic and heightened competition. -- read full article
    Mon, 29 Sep 2008 15:09:49 GMT - Yahoo! News: Business
    Apple tumbles on consumer spending concerns (Reuters)

    A customer leaves an Apple Store with his new iPhone 3G in New York July 11, 2008. (Shannon Stapleton/Reuters)Reuters - Apple Inc shares tumbled 16 percent on Monday, their biggest drop in seven years, amid concerns the maker of Mac computers and other consumer electronics will suffer as the economy slows.


    -- read full article
    Mon, 29 Sep 2008 16:42:11 GMT - Yahoo! News: Business
    Crisis of confidence hits regional bank shares (Reuters)

    A man is seen through a stack of U.S. 20 dollar bills in an undated file photo. (File/Reuters)Reuters - Shares of regional banks sank on Monday, with National City Corp down 45 percent, as the sector suffered what analysts called a deepening crisis of confidence.


    -- read full article
    Mon, 29 Sep 2008 16:15:48 GMT - Yahoo! News: Business
    Fund slump forces Legg's Miller to seek safer bets (Reuters)

    Bill Miller, Chairman and Chief Investment Officer of Legg Mason Capital Development, leaves the morning presentation at the 26th annual Allen  and  Co conference in Sun Valley, Idaho July 9, 2008. (Rick Wilking/Reuters)Reuters - Facing his worst-ever slide due to catastrophic bets on financials, Legg Mason Inc fund manager Bill Miller is toning down his characteristic bold investment style in an attempt to recapture his past glory.


    -- read full article
    Mon, 29 Sep 2008 17:21:20 GMT - Yahoo! News: Business
    Stocks sink as House rejects bailout bill (Reuters)

    People walk past a display showing financial data in Tokyo September 29, 2008. (Michael Caronna/Reuters)Reuters - Stocks plunged on Monday as the U.S. House of Representatives rejected a $700 billion financial sector bailout plan, renewing fear about frozen world credit markets and the global economy's health.


    -- read full article
    Mon, 29 Sep 2008 18:35:47 GMT - Yahoo! News: Business
    Stocks mixed on bailout clash; tech slides (AP)

    A trader works on the floor of the New York Stock Exchange Friday, Sept. 26, 2008 in New York. (AP Photo/Mark Lennihan)AP - Financial markets remained on edge Friday after the Bush administration's proposal for a $700 billion banking bailout ran into opposition from Republican lawmakers. Stocks ended mixed, with big financial companies lifting the Dow Jones industrials more than 120 points, but worries about smaller banks and parts of the technology sector taking much of the market lower.


    -- read full article
    Sat, 27 Sep 2008 01:05:46 GMT - Yahoo! News: Business
    Bank crisis weighs on euro; Asia stocks fall (Reuters)

    A man walks past a bank's money exchange centre in Seoul, September 29, 2008. (Jo Yong-Hak/Reuters)Reuters - The U.S. dollar rose against the euro on Monday as a banking crisis worsened in Europe, while Asian stocks fell 2 percent on questions on the effectiveness of a U.S. government plan to save the financial system from ruin.


    -- read full article
    Mon, 29 Sep 2008 06:31:43 GMT - Yahoo! News: Business
    Lehman's Neuberger unit closer to sale: sources (Reuters)

    Signs are displayed on the former Lehman Brothers, now Barclays Capital building in Times Square, September 23, 2008. (Eric Thayer/Reuters)Reuters - Private equity firms Bain Capital LLC and Hellman & Friedman LLC were closer to a deal on Sunday night to buy Lehman Brothers Holdings Inc's prized Neuberger Berman unit, two sources familiar with the situation said.


    -- read full article
    Mon, 29 Sep 2008 04:55:27 GMT - Yahoo! News: Business
    ImClone to announce sale talks continuing: report (Reuters)
    Reuters - ImClone Systems Inc is expected to announce later on Monday that it is continuing talks to sell itself to a major pharmaceutical concern for a price in the range of $6.1 billion, the Wall Street Journal said, citing people familiar with the matter. -- read full article
    Mon, 29 Sep 2008 05:18:52 GMT - Yahoo! News: Business
    European banks rescued as U.S. bailout vote nears (Reuters)

    Rep. Barney Frank (D-MA), Chairman of the House Financial Services Committee, attends a news conference in the speaker's offices about the current financial crisis on Capitol Hill, September 26, 2008. (Jonathan Ernst/Reuters)Reuters - U.S. lawmakers prepared to vote on Monday on a $700 billion fund to buy toxic debt as the global financial crisis produced Europe's biggest bank rescue to date.


    -- read full article
    Mon, 29 Sep 2008 08:51:59 GMT - Yahoo! News: Business
    Fortis in play as Trichet joins emergency talks (Reuters)

    A pedestrian walks past the headquarters of Belgian-Dutch financial services group Fortis in Brussels, September 26, 2008. (Francois Lenoir/Reuters)Reuters - Fortis faced a takeover, break-up or nationalization as European Central Bank President Jean-Claude Trichet held emergency talks on Sunday with Dutch and Belgian ministers to restore faith in the Belgian-Dutch financial group.


    -- read full article
    Sun, 28 Sep 2008 19:17:29 GMT - Yahoo! News: Business
    US Congress passes 25 bln loan guarantees to automakers (AFP)

    General view of the New York International Auto Show in March. The US Senate has approved 25 billion dollars in loan guarantees for the financially strapped US auto industry, intended to spark a wave of automotive innovation(AFP/File/Stan Honda)AFP - The US Senate Saturday approved 25 billion dollars in loan guarantees for the financially strapped US auto industry, intended to spark a wave of automotive innovation.


    -- read full article
    Sun, 28 Sep 2008 17:38:11 GMT - Yahoo! News: Business
    Financial markets paralyzed (Reuters)
    Reuters - Investors start the final quarter of 2008 this week in an increasingly dysfunctional global market, after weeks of historic turbulence that have prompted a near seizure in lending between banks. -- read full article
    Sun, 28 Sep 2008 15:05:20 GMT - Yahoo! News: Business
    Fortis in play as Trichet joins emergency talks (Reuters)

    Belgian-Dutch financial services group Fortis Chief Executive Filip Dierckx holds documents as he arrives for a meeting with Dutch Finance Minister Wouter Bos, ECB President Jean-Claude Trichet and Belgian Prime Minister Yves Leterme in Brussels September 28, 2008. (Yves Herman/Reuters)Reuters - Fortis faced a takeover or break-up as European Central Bank President Jean-Claude Trichet held emergency talks with Dutch and Belgian lawmakers to restore faith in the Belgian-Dutch financial group.


    -- read full article
    Sun, 28 Sep 2008 17:36:09 GMT - Yahoo! News: Business
    UK set to nationalize B&B bank, may sell savings (Reuters)

    A branch of Bradford and Bingley is seen, in London on September 28, 2008. (Luke MacGregor/Reuters)Reuters - Britain's government will nationalize troubled mortgage lender Bradford & Bingley and is discussing the sale of its savings book and branches, people in the banking industry familiar with the matter said.


    -- read full article
    Sun, 28 Sep 2008 12:53:26 GMT - Yahoo! News: Business
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