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    Business Headlines
    Fed chief backs US spending plan as markets bounce (AFP)

    Federal Reserve Board Chairman Ben Bernanke backed a stimulus plan for the flagging American economy, buoying stock markets despite gloomy unemployment figures and fears the rebound could be limited.(AFP/Getty Images/Win Mcnamee)AFP - The head of the US Federal Reserve backed a stimulus plan for the flagging American economy, buoying stock markets despite gloomy unemployment figures and fears the rebound could be limited.


    -- read full article
    Tue, 21 Oct 2008 15:25:49 GMT - Yahoo! News: Business
    Regional banks' results hurt by credit crisis (Reuters)

    A National City Corp worker returns to work in Cleveland, Ohio, October 21, 2008. (Aaron Josefczyk/Reuters)Reuters - The credit crisis weighed on results at six large U.S. regional banks located throughout the country, as they reported lower profits or continued losses.


    -- read full article
    Tue, 21 Oct 2008 16:27:28 GMT - Yahoo! News: Business
    Fed launches new plan to help money market funds (Reuters)

    Federal Reserve Chairman Ben Bernanke participates in a House hearing on 'Economic Recovery - Options and Challenges' on Capitol Hill, October 20, 2008. (Jason Reed/Reuters)Reuters - The U.S. Federal Reserve on Tuesday launched a new program to fund purchases of $600 billion worth of money market mutual fund assets in the latest step to provide liquidity to strained financial markets.


    -- read full article
    Tue, 21 Oct 2008 15:58:54 GMT - Yahoo! News: Business
    Nasdaq overlooks own rule to rescue bruised stocks (Reuters)

    A pedestrian walks past the NASDAQ MarketSite in New York, October 6, 2008. (Gary Hershorn/Reuters)Reuters - The Nasdaq Stock Market's decision to suspend one of its own listing rules comes as an avalanche of shares tumble below the $1 threshold, and is intended to avoid the mass delistings that followed the burst of the dot-com bubble.


    -- read full article
    Tue, 21 Oct 2008 17:58:31 GMT - Yahoo! News: Business
    Kerkorian sells Ford at loss, could dump stake (Reuters)

    Billionaire investor Kirk Kerkorian leaves the Roybal Federal Building in Los Angeles August 20, 2008. (Mario Anzuoni/Reuters)Reuters - Billionaire Kirk Kerkorian sold shares worth about $18 million in Ford Motor Co at a big loss and could sell his remaining 6 percent stake after becoming the automaker's largest outside investor this year.


    -- read full article
    Tue, 21 Oct 2008 18:10:56 GMT - Yahoo! News: Business
    Recession, profit angst sink Wall Street (Reuters)

    Traders work on the floor of the New York Stock Exchange, October 21, 2008. (Brendan McDermid/Reuters)Reuters - Stocks tumbled on Tuesday, hurt by a pullback in commodity shares due to concerns that the global economy might be spiraling into recession, dimming the profit outlook.


    -- read full article
    Tue, 21 Oct 2008 16:48:39 GMT - Yahoo! News: Business
    RIM shares sag on brokerage reports (Reuters)

    Jim Balsillie, co-chief executive of Research In Motion (RIM), holds the new Blackberry Bold handset during its launch in Mumbai September 18, 2008. (Punit Paranjpe/Reuters)Reuters - Research In Motion shares fell as much as 10 percent on Monday after one brokerage said retail sales trends for its BlackBerry smartphones in North America and Western Europe were weaker than hoped and another cut its earnings forecasts.


    -- read full article
    Mon, 20 Oct 2008 21:32:32 GMT - Yahoo! News: Business
    Wall St. roars over slight credit thaw, US stimulus hopes (AFP)

    Specialist Michael Sollitto, right,  directs trades in J.P. Morgan on the floor of the New York Stock Exchange Monday, Oct. 20, 2008. Wall Street surged on a burst of optimism Monday, propelling the Dow Jones industrials up more than 400 points on more signs of a reviving credit market and comments from Federal Reserve Chairman Ben Bernanke. (AP Photo/Richard Drew)AFP - US stocks roared higher Monday on signs that governments' massive actions to get credit flowing again were beginning to work and growing momentum behind a second US economic stimulus package.


    -- read full article
    Mon, 20 Oct 2008 22:05:51 GMT - Yahoo! News: Business
    Roche confirms Genentech bid (Reuters)

    A general view shows the headquarter of Swiss drugmaker Roche in Basel July 21, 2008. (Christian Hartmann/Reuters)Reuters - Swiss drugmaker Roche Holding AG


    -- read full article
    Tue, 21 Oct 2008 07:32:41 GMT - Yahoo! News: Business
    Merrill to cut 500 trading jobs: report (Reuters)

    The Merrill Lynch sign is pictured at the entrance of the Merrill Lynch offices in Sandton September 15, 2008. (Siphiwe Sibeko/Reuters)Reuters - Merrill Lynch & Co Inc, which last month accepted a takeover offer from Bank of America Corp, is set to cut about 500 jobs in its trading divisions, Bloomberg News reported on Monday, citing unidentified sources.


    -- read full article
    Mon, 20 Oct 2008 22:12:49 GMT - Yahoo! News: Business
    Fears about Lehman CDS deadline seen as overstated (Reuters)
    Reuters - Tuesday's deadline to settle an estimated $400 billion in credit default swaps on debt in failed investment bank Lehman Brothers is unlikely to trigger new havoc in the market, derivatives analysts said. -- read full article
    Tue, 21 Oct 2008 05:09:25 GMT - Yahoo! News: Business
    American Express profit falls, but beats estimates (Reuters)

    American Express and MasterCard credit cards are shown in Washington June 25, 2008. (Jim Bourg/Reuters)Reuters - American Express Co said on Monday third quarter earnings fell more than 20 percent as it set aside more money to cover growing losses in its credit card business, but operating earnings beat analysts' estimates and there was a sigh of relief from investors as results were not as bad as some had expected.


    -- read full article
    Mon, 20 Oct 2008 23:38:25 GMT - Yahoo! News: Business
    Bernanke warms to second stimulus plan (Reuters)

    Federal Reserve Chairman Ben Bernanke participates in a House hearing on 'Economic Recovery - Options and Challenges' on Capitol Hill, October 20, 2008. (Jason Reed/Reuters)Reuters - Federal Reserve Chairman Ben Bernanke told Congress on Monday that another wave of government spending may be needed as the economy limps through what could be an extended period of subpar growth.


    -- read full article
    Tue, 21 Oct 2008 05:33:15 GMT - Yahoo! News: Business
    RIM shares drop after broker report on sales (Reuters)

    Jim Balsillie, co-chief executive of Research In Motion (RIM), holds the new Blackberry Bold handset during its launch in Mumbai September 18, 2008. (Punit Paranjpe/Reuters)Reuters - Research In Motion shares dropped as much as 10 percent on Monday after a brokerage report said that retail sales trends for BlackBerry smartphones in North America and Western Europe have been "slightly disappointing".


    -- read full article
    Mon, 20 Oct 2008 18:44:02 GMT - Yahoo! News: Business
    Don't Bail On Mutual Funds Now As Market Rallies In Aging Bear (Investor's Business Daily)
    Investor's Business Daily - In an age-old dance, panicking mutual fund investors are pulling out just as evidence is mounting that stocks are forming a bottom. -- read full article
    Fri, 17 Oct 2008 23:05:22 GMT - Yahoo! News: Business
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