Markets 'strong' despite slowing economy - Bush
Read full story for latest details.Source: Business and financial news - CNNMoney.com | 4 Jan 2008 | 7:50 pm
Citigroup stock: Cheap chic
Of all the investment tales that have unfolded as the mortgage crisis swept through Wall Street, none has been more engrossing than that of Citigroup.Source: Business and financial news - CNNMoney.com | 4 Jan 2008 | 7:46 pm
Oil retreats from $100 record on economic worry
NEW YORK (Reuters) - Oil retreated further from the $100 a barrel mark on Friday as gloomy U.S. jobs data heightened concern over the health of the U.S. economy.Source: Reuters: Business News | 4 Jan 2008 | 7:43 pm
Bush says cannot take growth for granted
WASHINGTON (Reuters) - President George W. Bush said on Friday the U.S. economy was on a solid footing despite a weak December employment report, a slumping housing market and near record oil prices.Source: Reuters: Business News | 4 Jan 2008 | 7:42 pm
Coming soon: Social Security debit cards
A pre-paid debit card aimed at making Social Security and other federal income benefits simpler and safer to receive was announced Friday by the Treasury Department.Source: Business and financial news - CNNMoney.com | 4 Jan 2008 | 7:39 pm
Wall St sinks on growing recession worry
NEW YORK (Reuters) - Stocks dropped sharply on Friday as recession worries mounted after data showing weak job growth in December and rising unemployment.Source: Reuters: Business News | 4 Jan 2008 | 7:38 pm
Jobless rate hits 5 percent, 2-year high (AP)
AP - Hiring practically stalled in December, driving the nation's unemployment rate up to a two-year high of 5 percent and fanning fears of a recession.Source: Yahoo! News: Business | 4 Jan 2008 | 7:15 pm
Wall St sinks on growing recession worry (Reuters)
Reuters - Stocks dropped sharply on Friday as
recession worries mounted after data showing weak job growth in
December and rising unemployment.
Source: Yahoo! News: Business | 4 Jan 2008 | 7:13 pm
Jobless figures stoke fears of US recession
The prospect of a US recession rose after new data revealed a sudden increase in unemployment and weak job creation in December, sending the dollar lower and equities sharply downSource: FT.com - US homepage | 4 Jan 2008 | 7:10 pm
$6.5bn of CDOs face ratings downgrades
Almost $6.5bn worth of complex debt securities face fresh downgrades by Standard & Poor's because of their exposure to US mortgage-backed bonds, the credit rating agency saidSource: FT.com - US homepage | 4 Jan 2008 | 7:08 pm
Big oil taking political beating ahead of earnings
HOUSTON (Reuters) - Eye-popping profits earn respect on Wall Street but the billions big oil companies reaped in the fourth quarter are raising the wrath of U.S. presidential candidates trying to cater to voters' pocketbooks.Source: Reuters: Business News | 4 Jan 2008 | 7:06 pm
Goldman, JP Morgan see Fed cutting 50 bps in Jan
NEW YORK (Reuters) - A sputtering job market has convinced economists at key U.S. investment banks that the Federal Reserve will need to resort to a steeper half-percentage point interest rate cut when it meets later this month.Source: Reuters: Business News | 4 Jan 2008 | 7:05 pm
Jobs weak, unemployment soars
The nation's labor market worsened in December to the weakest level since the shock that followed Hurricane Katrina, as the problems in housing and mortgages, coupled with a disappointing pre-holiday shopping season, took a bite out of job opportunities.Source: Business and financial news - CNNMoney.com | 4 Jan 2008 | 7:05 pm
Clinton on ropes as Obama takes lead
Hillary Clinton was planning an increased campaign role for her husband and more direct attacks on Barack Obama's political inexperience as she battled to prevent her rival for the Democratic nomination building up an unstoppable momentumSource: FT.com - US homepage | 4 Jan 2008 | 7:04 pm
Stock selloff accelerates
Stocks tumbled Friday afternoon, with the Dow shedding nearly 200 points, after a weaker-than-expected December jobs report exacerbated worries that the economy may be falling into recession.Source: Business and financial news - CNNMoney.com | 4 Jan 2008 | 7:00 pm
Militants threaten Nigeria's oil exports
Read full story for latest details.Source: Business and financial news - CNNMoney.com | 4 Jan 2008 | 6:59 pm
Big oil taking political beating ahead of earnings (Reuters)
Reuters - Eye-popping profits earn respect on Wall Street but the billions big oil companies reaped in the fourth quarter are raising the wrath of U.S. presidential candidates trying to cater to voters' pocketbooks.Source: Yahoo! News: Business | 4 Jan 2008 | 6:59 pm
Iowa vote sends warning to big business
Source: Business and financial news - CNNMoney.com | 4 Jan 2008 | 6:57 pm
Jobs growth skids to near halt
WASHINGTON (Reuters) - Jobs growth skidded to a near-halt in December and the unemployment rate hit a two-year high, according to a government report on Friday that raised recession fears and chances of more interest-rate cuts.Source: Reuters: Business News | 4 Jan 2008 | 6:55 pm
Stonyfield stirs up yogurt market
Twenty-five years ago, on a visit to Disney's Epcot Center with his mother, a young environmental activist named Gary Hirshberg came across an exhibit on farming sponsored by Kraft. He was appalled by the display of chemical fertilizers and pesticides - "chemistry gone mad," he calls it - and vowed to find a way to produce food more sustainably.Source: Business and financial news - CNNMoney.com | 4 Jan 2008 | 6:46 pm
Acrimony as Intel exits One Laptop project
An uneasy partnership between Intel and a non-profit project providing cheap laptops for third-world children has ended acrimoniously with the world's biggest chipmaker being accused of "shameless" behaviourSource: FT.com - US homepage | 4 Jan 2008 | 6:46 pm
Jobs growth skids to near halt (Reuters)
Reuters - Jobs growth skidded to a near-halt in December and the unemployment rate hit a two-year high, according to a government report on Friday that raised recession fears and chances of more interest-rate cuts.Source: Yahoo! News: Business | 4 Jan 2008 | 6:39 pm
Lilly, Daiichi seek FDA approval of clot drug
NEW YORK (Reuters) - Eli Lilly & Co and Japan's Daiichi Sankyo Co Ltd said on Friday they had asked U.S. regulators to approve prasugrel, a blood clot preventer that is the U.S. drug maker's most important experimental product.Source: Reuters: Business News | 4 Jan 2008 | 6:30 pm
Aircraft makers report record orders
The commercial aerospace industry won record orders for new jets in 2007, as the period of very strong demand from airlines was extended to an unprecedented third yearSource: FT.com - US homepage | 4 Jan 2008 | 6:24 pm
Ahead of the Curve: Oil Prices Will Rise Further Yet
Even with prices at $100 a barrel, I still think energy will be the best performer of 2008.Source: SmartMoney.com | 4 Jan 2008 | 6:23 pm
Kenya shuns efforts to resolve crisis
The top US diplomat on Africa is due to arrive in Nairobi, Kenya's capital, on Friday night at the end of a week in which international efforts to promote reconciliation have failedSource: FT.com - US homepage | 4 Jan 2008 | 5:57 pm
IMS Health to cut 10 pct of staff (Reuters)
Reuters - IMS Health Inc said on Friday it will cut 10 percent of its work force, or about 1,050 jobs, as part of a cost-cutting plan and take a pretax charge of $86 million to $90 million in the fourth quarter of 2007.Source: Yahoo! News: Business | 4 Jan 2008 | 5:36 pm
IMS Health to cut 10 pct of staff
NEW YORK (Reuters) - IMS Health Inc said on Friday it will cut 10 percent of its work force, or about 1,050 jobs, as part of a cost-cutting plan and take a pretax charge of $86 million to $90 million in the fourth quarter of 2007.Source: Reuters: Business News | 4 Jan 2008 | 5:35 pm
Consumer Action: The Coming Credit-Card Crunch
A growing wave of delinquencies in charge-card payments heralds the next credit crunch.Source: SmartMoney.com | 4 Jan 2008 | 5:32 pm
Talbots to close 78 kids, mens stores (AP)
AP - Talbots Inc. will close its 78 children's and men's apparel stores to focus on its core middle-aged female customer, a retrenchment that follows disappointing sales at Talbots as well as other specialty women's apparel retailers amid tough economic conditions.
Source: Yahoo! News: Business | 4 Jan 2008 | 5:31 pm
Subprime woes lead to State Street exit
The subprime mortgage crisis claimed its first victim of the year as State Street, a leading US financial services group, announced the departure of its asset management chief as well as a $279m charge to cover potential legal costsSource: FT.com - US homepage | 4 Jan 2008 | 5:30 pm
SmartMoney Magazine: Get More Perks From Your Plastic
Our guide to getting more perks from your credit cards.Source: SmartMoney.com | 4 Jan 2008 | 5:11 pm
N Korea reverts to threats
North Korea has threatened to bolster its "war deterrent" to counter a threat from "US imperialists", increasingly concerned at delays to the nuclear dealSource: FT.com - US homepage | 4 Jan 2008 | 5:08 pm
Double-digit rise in Npower bills
Npower raises electricity prices by 12.7% and gas bills by 17.2%, blaming higher wholesale costs.Source: BBC News | Business | World Edition | 4 Jan 2008 | 4:37 pm
Mortgage approvals still falling
New mortgage approvals for home buying have fallen again in November, the Bank of England says.Source: BBC News | Business | World Edition | 4 Jan 2008 | 4:12 pm
Under the Radar: Puerto Rican Bank Ready for Its Moment in the Sun
A small Caribbean bank is finally ready for its moment in the sun.Source: SmartMoney.com | 4 Jan 2008 | 3:24 pm
US economic fears as hiring slows
The US unemployment rate hit a two-year high in December, data shows, raising fears about a slowdown.Source: BBC News | Business | World Edition | 4 Jan 2008 | 3:05 pm
Talbots says sales trends weak (Reuters)
Reuters - Apparel retailer Talbots Inc said on Friday it will exit its Talbots Kids and Mens lines and warned of weaker-than-expected fourth-quarter sales, sending shares down 7 percent in morning trading.Source: Yahoo! News: Business | 4 Jan 2008 | 2:56 pm
Breaking News: Dow Falls Below 13000
Traders balked at the December employment report, which showed a sharp drop in payroll growth.Source: SmartMoney.com | 4 Jan 2008 | 2:55 pm
Ex-Goldman man gets five years
A former Goldman Sachs analyst is sentenced to nearly five years in prison for an insider trading plot.Source: BBC News | Business | World Edition | 4 Jan 2008 | 2:46 pm
Japanese shares tumble to 17-month low
Japan's main stock index has fallen to its lowest level in 17 months after the strong yen and record-high oil prices led investors to flee the market.Source: Telegraph Business | 4 Jan 2008 | 2:00 pm
Eurozone inflation remains high
Record oil and food prices kept eurozone inflation at 3.1% in December, says the European Central Bank.Source: BBC News | Business | World Edition | 4 Jan 2008 | 1:24 pm
19 hours of TV ads fail to help Land of Leather
Almost 20 hours of prime-time Christmas television advertising failed to lure cash-strapped consumers to Land of Leather's biggest-ever New Year sale, forcing the group to issue a profits warning.Source: Telegraph Business | 4 Jan 2008 | 1:00 pm
John Lewis sees strong Christmas
Department store group John Lewis reports an 8% rise in Christmas week sales, driven by electrical goods.Source: BBC News | Business | World Edition | 4 Jan 2008 | 12:44 pm
Boeing enjoys best year since 2001
The revival of the airline industry gave Boeing its best year since 2001 last year as the plane maker delivered 441 planes and took orders for a further 1,413.Source: Telegraph Business | 4 Jan 2008 | 12:30 pm
Mortgage approvals slump to 3-year low
Mortgage approvals have sunk to a three-year low and look set to slide further as fears mount for Britain's cooling property market, according to economists.Source: Telegraph Business | 4 Jan 2008 | 11:55 am
Kenyan violence hits fuel supply
Violence in Kenya leads to fuel shortages throughout East Africa, as fuel remains stuck in Kenyan ports.Source: BBC News | Business | World Edition | 4 Jan 2008 | 11:33 am
China maglev cost 'may double'
The cost of extending Shanghai's maglev train line may be more than double the original budget, a report says.Source: BBC News | Business | World Edition | 4 Jan 2008 | 11:17 am
FTSE higher as bid talk spurs gains (FT.com)
FT.com - London equities rose on Friday, supported by fresh bid talk and a resurgent mining sector.Source: Yahoo! News: Business | 4 Jan 2008 | 10:55 am
John Lewis defies Christmas trading woes
John Lewis, the department store chain, has revealed that trading was robust over the festive period, revealing an 8pc growth in sales for the week including Christmas and the early New Year sales period.Source: Telegraph Business | 4 Jan 2008 | 10:20 am
Network rail staff among winners in pay round
Households and businesses face a "debt famine" this year, experts warned last night after the Bank of England reported a sharp drop in banks' willingness to lend cash.Source: Telegraph Business | 4 Jan 2008 | 9:00 am
To Buyers From Abroad, U.S. Looks Like A Bargain
Some windows on American wealth-making show a bleak scene. Home sales are off 20% and values in major markets are down 6.7% from a year ago,...Source: Investor's Business Daily: BUSINESS | 4 Jan 2008 | 1:34 am
Home Health Care Provider Waits Patiently For Boomers To Age
Amedisys' emerging market is one of the nation's biggest and most mature. Just don't call it old. Silver, perhaps, or senior, but not old.Source: Investor's Business Daily: BUSINESS | 4 Jan 2008 | 1:34 am
Trends & Innovations - Thursday
System taps sun-heated asphaltSource: Investor's Business Daily: BUSINESS | 4 Jan 2008 | 1:34 am
Business Briefs - Thursday
Solarfun inks deal, taps new CEOSource: Investor's Business Daily: BUSINESS | 4 Jan 2008 | 1:34 am
After The Close - Thursday
GLOBAL PAYMENT (GPN), an electronic payments processor, lifted Q2 EPS 9% to 48 cents a share ex items, topping views by 3 cents. Revenue grew 18%...Source: Investor's Business Daily: BUSINESS | 4 Jan 2008 | 1:34 am
BT Germany head wants to cut off state
The head of BT's German business has called for the German government to sell its remaining 32pc stake in rival telephone giant Deutsche Telekom to level the playing field for the country's telecoms regulator.Source: Telegraph Business | 4 Jan 2008 | 12:10 am
US recession risk rises as job market slows
US unemployment jumped to its highest level in more than two years last month, adding pressure on the Federal Reserve to cut interest rates further.Source: Telegraph Business | 4 Jan 2008 | 12:05 am