How Bush may boost the economy
Word is that President Bush may propose new measures to boost the economy by the time he gives his State of the Union address later this month.Source: Business and financial news - CNNMoney.com | 5 Jan 2008 | 3:30 pm
Ohio State beats LSU...
There has never been a better year for upsets in college football than 2007. But there's one place where the traditional powerhouses still dominate - in the rankings of revenue and profits.Source: Business and financial news - CNNMoney.com | 5 Jan 2008 | 3:21 pm
Unemployment up, stoking recession fears (AP)
AP - Wary employers clamped down on hiring and pushed the unemployment rate to a two-year high of 5 percent in December, an ominous sign that the economy may slide into recession. President Bush explored a rescue package, including a tax cut, with his economic advisers.
Source: Yahoo! News: Business | 5 Jan 2008 | 12:29 pm
Exit of Merrill exec could signal more changes
NEW YORK (Reuters) - Mac Gardner, a senior brokerage executive at Merrill Lynch & Co Inc , is leaving at the end of the month in what could be a prelude to more management changes within the company.Source: Reuters: Business News | 5 Jan 2008 | 2:07 am
Sevin Rosen venture capital partners splitting up
SAN FRANCISCO (Reuters) - Four Silicon Valley partners of Sevin Rosen Funds, a tech-focused venture capital firm, will not join their Dallas partners to raise a new investment fund, one partner from each group said on Friday.Source: Reuters: Business News | 5 Jan 2008 | 2:03 am
Wall Street skids as jobs data stirs recession fear
NEW YORK (Reuters) - U.S. stocks tumbled on Friday, with the Nasdaq logging its sharpest decline in nearly a year, after data showing rising unemployment stoked expectations of a recession.Source: Reuters: Business News | 5 Jan 2008 | 1:38 am
GM ends $4.1 bln credit pact, says liquidity OK
DETROIT (Reuters) - General Motors Corp on Friday said it had terminated a $4.1 billion standby credit agreement with a syndicate of banks, saying it had sufficient liquidity without the borrowing arrangement.Source: Reuters: Business News | 5 Jan 2008 | 1:05 am
Slowdown may see interest rate drop
Cuts could begin next week as key figures show businesses are preparing for tough times and mortgage approvals plungeSource: Telegraph Business | 5 Jan 2008 | 1:01 am
North Carolina judge rules against Wal-Mart
NEW YORK (Reuters) - A North Carolina state judge ruled against Wal-Mart Stores Inc in a tax shelter case where the retailer paid itself rent and later counted that amount as a tax deduction.Source: Reuters: Business News | 5 Jan 2008 | 1:00 am
Job growth skids to near halt
WASHINGTON (Reuters) - U.S. 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 | 5 Jan 2008 | 12:54 am
More job cuts expected in mortgage banking
NEW YORK (Reuters) - The pace of job losses in mortgage lending slowed in December, as some companies shifted workers to other areas of financial services, but the losses may pick up again in the new year as the U.S. housing market continues to weaken and credit remains tight.Source: Reuters: Business News | 5 Jan 2008 | 12:53 am
EnerSys Powering Up As Lead Prices Swell
EnerSys, the world's largest industrial battery manufacturer, is charged up about growth.Source: Investor's Business Daily: BUSINESS | 5 Jan 2008 | 12:48 am
In Brief - Friday
Wendy's (WEN), the nation's No. 3 hamburger chain, said its Q4 U.S. same-store sales fell 0.8%, down from a 3.1% increase a year ago. Shares...Source: Investor's Business Daily: BUSINESS | 5 Jan 2008 | 12:48 am
Trends & Innovations - Friday
Music lovers tuning in to digitalSource: Investor's Business Daily: BUSINESS | 5 Jan 2008 | 12:48 am
After The Close - Friday
DELTA AIR LINES (DAL) said Dec. traffic rose 3% as capacity grew 3%. Load factor slipped 0.1 percentage point 15 77.7%. Shares fell.Source: Investor's Business Daily: BUSINESS | 5 Jan 2008 | 12:48 am
Business Briefs - Friday
Xbox Live glitches vex MicrosoftSource: Investor's Business Daily: BUSINESS | 5 Jan 2008 | 12:48 am
Electronic Payment Provider Toils In A Very Fast-Growing Industry
The Internet can take the stress out of shopping for holiday gifts. CyberSource tries to take the stress out of the equation for retailers.Source: Investor's Business Daily: BUSINESS | 5 Jan 2008 | 12:48 am
Getting Power To The People
The electrical equipment industry is surging.Source: Investor's Business Daily: BUSINESS | 5 Jan 2008 | 12:48 am
Fed ups credit auction offering
The US Federal Reserve increases the amount of money available as it seeks to ease the credit crunch.Source: BBC News | Business | World Edition | 5 Jan 2008 | 12:44 am
Fyffes upbeat as exchange rates boost profits
Fyffes, the largest distributor of tropical fruit in Europe, said 2007 profits would beat forecasts thanks to favourable exchange rates, higher product prices and increased market share. It also predicted stronger earnings this year.Source: Telegraph Business | 5 Jan 2008 | 12:01 am
John Lewis shines thanks to electricals
John Lewis, the department store chain, has revealed that trading was robust over the festive period, with an 8pc growth in sales for the week including Christmas and the early new year sales period.Source: Telegraph Business | 5 Jan 2008 | 12:01 am
Figures signal end to house price boom
The strongest evidence yet has emerged that the 12-year-long house price boom has ended, as figures showed mortgage lending at a three-year low, and a fall in house prices.Source: Telegraph Business | 5 Jan 2008 | 12:01 am
EMI still hits the wrong notes in US
EMI's share of US album sales tumbled more than 8pc last year in the world's biggest music market, according to new industry figures.Source: Telegraph Business | 5 Jan 2008 | 12:01 am
Intel quits £50 laptop charity project
Intel has pulled out of a scheme to supply children in the developing world with $100 (£50) laptop computers after a row with its partners in the One Laptop Per Child (OLPC) project.Source: Telegraph Business | 5 Jan 2008 | 12:01 am
Chancellor to limit BoE to advisory role
Darling to hand Bank of England's intervention powers to FSA after perceived failings during Northern Rock crisisSource: Telegraph Business | 5 Jan 2008 | 12:01 am
Cheshire home put in trust to thwart Wags
A writer has put his £1.5 million home into a trust to stop it falling into the hands of footballers and their wives and girlfriends.Source: Telegraph Business | 5 Jan 2008 | 12:01 am