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Shoppers in charge: How to save big nowIf there's any silver lining to this sluggish economy, it's this: You, the consumer, are back in charge. For most products and services, "you have a lot more power to name your price," says Nancy Koehn, a retail history professor at Harvard Business School.Source: Business and financial news - CNNMoney.com | 1 Aug 2008 | 4:00 am Gas stays below $4 for second straight dayGas prices declined for the 10th straight day, staying below $4 a gallon, according to a nationwide survey Sunday by motorist group AAA.Source: Business and financial news - CNNMoney.com | 27 Jul 2008 | 1:25 pm Unilever seeking successor to CEO CescauLONDON (Reuters) - Anglo-Dutch consumer goods company Unilever is searching for a successor to Chief Executive Patrick Cescau to take the helm of the group next year, newspaper reports said on Sunday.Source: Reuters: Business News | 27 Jul 2008 | 1:04 pm NewsWatch: Aid for housing, Fannie, Freddie clears SenateCongress passes a housing rescue bill designed to help more than 400,000 homeowners avoid foreclosure and President Bush is expected to sign the measure quickly.Source: MarketWatch.com - Top Stories | 27 Jul 2008 | 1:00 pm Congress approves housing billWASHINGTON (Reuters) - The U.S. Congress approved a massive housing market rescue bill on Saturday, offering emergency financing to mortgage titans Fannie Mae and Freddie Mac, and setting up a $300-billion fund to help hundreds of thousands of troubled homeowners.Source: Reuters: Business News | 27 Jul 2008 | 12:52 pm Obama gives Bernanke vote of confidence (Reuters)
Source: Yahoo! News: Business | 27 Jul 2008 | 12:10 pm Obama gives Bernanke vote of confidence (Reuters)
Source: Yahoo! News: Business | 27 Jul 2008 | 12:10 pm Obama gives Bernanke vote of confidenceCHICAGO (Reuters) - Presidential candidate Barack Obama gave a vote of confidence to Federal Reserve Chairman Ben Bernanke, saying he had made some good decisions in difficult circumstances.Source: Reuters: Business News | 27 Jul 2008 | 12:10 pm Without China, GM (GM) Is NothingGM (GM) does well in China, but based on the company's dire situation in North America, it is going to have to do a lot better in the world's most populated country and other very large emerging markets. According to The Telegraph, the head of GM's Asian operations said "that growth seen in emerging markets is not a short-term phenomenon but "is likely to last 10-20 years at least".Source: 24/7 Wall St. | 27 Jul 2008 | 12:02 pm Lufthansa workers set to strikeUnion workers at Lufthansa are set to strike after a pay dispute, affecting domestic and international flights.Source: BBC News | Business | World Edition | 27 Jul 2008 | 11:50 am Unilever seeking successor to CEO CescauLONDON (Reuters) - Anglo-Dutch consumer goods company Unilever is searching for a successor to Chief Executive Patrick Cescau to take the helm of the group next year, newspaper reports...Source: Infocious RSS raw feed - channel BNewsBusiness | 27 Jul 2008 | 11:42 am If Nakes Short Are Driving Down Shares, Where Are The Buy-Outs? (ABK)(MBI)(OSTK)When you hear the group of conspiracy theorists that Gary Weiss so aptly named "The Baloney Brigade" talking about naked short selling, you get the idea that unscrupulous short sellers are driving down the prices of some stocks far below the price they would fetch in a fair market.Source: 24/7 Wall St. | 27 Jul 2008 | 11:28 am Obama defends foreign tour as visit closesUS presidential candidate Barack Obama, wrapping up an overseas tour where he got a rock star reception, defended his decision to take the trip despite mixed signals about its impact on his popularity at homeSource: FT.com - US homepage | 27 Jul 2008 | 9:27 am Erez Vigodman, President & CEO of Strauss Group, Today Announced the Appointment of Shahar Florence as Chief Financial Officer of Strauss GroupTEL AVIV, Israel, July 27 /PRNewswire-FirstCall/ -- Erez Vigodman, President & CEO of Strauss Group (STRS.TA), said today: "I congratulate Mr. Shahar Florence onSource: Infocious RSS raw feed - channel BNewsBusiness | 27 Jul 2008 | 9:20 am Air Berlin CEO mulls further fleet cuts: reportFRANKFURT (Reuters) - German carrier Air Berlin may ground more of its fleet than previously announced and is looking to raise prices especially for business customers, its chief executive told a German weekly.Source: Reuters: Business News | 27 Jul 2008 | 8:27 am UBS suspends U.S. fixed income head amid probes: reportCHICAGO (Reuters) - Swiss bank UBS AG has suspended David Shulman, head of its U.S. fixed income unit, amid state and federal probes of sales of auction-rate securities, the Wall Street Journal reported on Saturday, citing people familiar with the matter.Source: Reuters: Business News | 27 Jul 2008 | 8:26 am Former hedge fund head files against Citigroup: reportCHICAGO (Reuters) - A former manager of a Citigroup Inc hedge fund has filed a complaint with a British tribunal accusing the bank of causing his fund's demise, the Wall Street Journal reported on Saturday, citing people familiar with the matter.Source: Reuters: Business News | 27 Jul 2008 | 8:02 am Apple CEO Jobs' life not in danger: report (Reuters)
Source: Yahoo! News: Business | 27 Jul 2008 | 7:22 am Apple CEO Jobs' life not in danger: reportLOS ANGELES (Reuters) - Apple Inc CEO Steve Jobs, who has been dogged by investor concerns about his health, does not have recurrent cancer or a life-threatening health issue, The New York Times reported on Saturday.Source: Reuters: Business News | 27 Jul 2008 | 7:22 am His is an all-American toy storyIsaac Larian, who emigrated from Iran as a youth, built Bratz doll maker MGA Entertainment into a major force in the toy industry. ...Source: Infocious RSS raw feed - channel BNPaperBusiness | 27 Jul 2008 | 7:00 am Home buyers should check for hidden and buried toxinsDoes your new dream home come with dangerous hidden extras -- like a seeping oil well in the backyard or a former meth lab in the bedroom?IT'S IN the tank. Up in smoke. Biting the dust. Source: L.A. Times - Business | 27 Jul 2008 | 7:00 am CITY RICHESFor years, Los Angeles has been a big city without a city, a town known for its endless suburbs and single-family homes. Reach out your window and pick an orange. Hop in the car and drive to the supermarket...Source: Infocious RSS raw feed - channel BNPaperBusiness | 27 Jul 2008 | 7:00 am Lofty living for lessDowntown move pays dividendsSomething wonderful and completely unexpected has been happening since I moved from the hills of Sherman Oaks to a downtown loft this winter: My wallet has been getting fatter. Source: L.A. Times - Business | 27 Jul 2008 | 7:00 am A walk to work on the wild sideLife in the city center exercises the body and the senses. Since late May I've been living the loft fantastic...Source: Infocious RSS raw feed - channel BNPaperBusiness | 27 Jul 2008 | 7:00 am Build good credit, then house huntDear Liz: How can I build credit so that I can buy a house?Source: Infocious RSS raw feed - channel BNPaperBusiness | 27 Jul 2008 | 7:00 am A walk to work on the wild sideLife in the city center exercises the body and the senses.Since late May I've been living the loft fantastic above busy 7th Street in downtown Los Angeles. Exciting it is; peace and quiet it isn't. Source: L.A. Times - Business | 27 Jul 2008 | 7:00 am Business LettersThe July 23 Business section reported some disturbing news: " United, Jet Blue to cut flights " and the effect these and other airline cutbacks are having on local airports; " 2 banks post billions in...Source: Infocious RSS raw feed - channel BNPaperBusiness | 27 Jul 2008 | 7:00 am His is an all-American toy storyIsaac Larian, who emigrated from Iran as a youth, built Bratz doll maker MGA Entertainment into a major force in the toy industry.Less than a couple of hours after a resounding defeat in federal court, Isaac Larian -- the blustery chief executive of MGA Entertainment Inc. -- sounded like a man getting into the ring, not one who had just gotten a legal beating. Source: L.A. Times - Business | 27 Jul 2008 | 7:00 am Lofty living for lessDowntown move pays dividends Something wonderful and completely unexpected has been happening since I moved from...Source: Infocious RSS raw feed - channel BNPaperBusiness | 27 Jul 2008 | 7:00 am Business LettersThe July 23 Business section reported some disturbing news: " United, Jet Blue to cut flights " and the effect these and other airline cutbacks are having on local airports; " 2 banks post billions in losses "; and that " Bush sees a ‘hangover’ in economy " and notes problems in the housing market.Source: L.A. Times - Business | 27 Jul 2008 | 7:00 am Scammers exploit online trust factorBuyers should be wary, even on reputable websites, and know how to respond if they become victims. When Pierre...Source: Infocious RSS raw feed - channel BNPaperBusiness | 27 Jul 2008 | 7:00 am The IRS wants you -- to receive your economic stimulus checkPeople who normally don't have to file tax returns may be losing out on $300 or more. The Internal Revenue Service...Source: Infocious RSS raw feed - channel BNPaperBusiness | 27 Jul 2008 | 7:00 am Beware of the 'I found your lost dog' scamScam Watch The pitch: "I found your lost dog!"Source: Infocious RSS raw feed - channel BNPaperBusiness | 27 Jul 2008 | 7:00 am Home buyers should check for hidden and buried toxinsDoes your new dream home come with dangerous hidden extras -- like a seeping oil well in the backyard or a former meth lab in the bedroom? ...Source: Infocious RSS raw feed - channel BNPaperBusiness | 27 Jul 2008 | 7:00 am Colao answers call at Vodafone (Reuters)
Source: Yahoo! News: Business | 27 Jul 2008 | 6:43 am Colao answers call at VodafoneLONDON (Reuters) - Vodafone's incoming Chief Executive Vittorio Colao will need to combine his famed analytical mind with the discipline learnt as a reserve officer in Italy's Carabinieri...Source: Infocious RSS raw feed - channel BNewsBusiness | 27 Jul 2008 | 6:43 am Colao answers call at VodafoneLONDON (Reuters) - Vodafone's incoming Chief Executive Vittorio Colao will need to combine his famed analytical mind with the discipline learnt as a reserve officer in Italy's Carabinieri when he takes up the top job this week.Source: Reuters: Business News | 27 Jul 2008 | 6:43 am LG Display to cut output by 10 pct in downturnSEOUL (Reuters) - LG Display Co Ltd , the world's No. 2 maker of liquid crystal display (LCD) screens, said on Sunday it would cut its panel output by around 10 percent until August because of weakening global demand.Source: Reuters: Business News | 27 Jul 2008 | 4:53 am Economic Preview: Jobs, GDP, housing data on tapU.S. consumers perked up this month, but their optimism may be short lived as job reports remain weak and housing woes persist.Source: MarketWatch.com - Top Stories | 27 Jul 2008 | 4:01 am China's anti-monopoly law set for confusing startBeijing's anti-monopoly act takes effect this week but its introduction, which experts say will change how business is done in China more than any other recent law, remains surrounded by...Source: Infocious RSS raw feed - channel BNewsBusiness | 27 Jul 2008 | 2:53 am Concerns over proposed trade dealAs trade ministers and officials continue Geneva talks, some EU countries express concern about the proposed deal.Source: BBC News | Business | World Edition | 27 Jul 2008 | 12:07 am High price of fashion leads Cavalli to call off sale talksThe Italian designer Roberto Cavalli has called off talks with a group of private equity firms about the sale of a stake in one of the world's most famed fashion empires after failing to reach agreement on the value of the business.Source: Telegraph Business | 27 Jul 2008 | 12:01 am China and Britain ready to exploit Tibet's natural resourcesDespite political tensions in the country, its huge deposits of gold and other metals are proving too big a temptation for foreign miners, David Eimer reports from Beijing.Source: Telegraph Business | 27 Jul 2008 | 12:01 am The state of the economy needs to be put in its proper perspectiveLast week, the notion the UK will enter "technical recession" became conventional wisdom. Much of the country now seems to accept we'll experience at least two consecutive quarters of falling output.Source: Telegraph Business | 27 Jul 2008 | 12:01 am HgCapital stalks media group WilmingtonHgCapital, the private equity group, is considering making a formal takeover approach to the board of Wilmington, the media company that publishes Press Gazette, the journalists' trade magazine.Source: Telegraph Business | 27 Jul 2008 | 12:01 am The problem of executive pay now share options aren't payingDemands on bosses are becoming ever more strenuous, just as pay packets are dwindling, writes David Litterick.Source: Telegraph Business | 27 Jul 2008 | 12:01 am Russians in turmoil as prosecutors deny summoning TNK-BP bossIn what is becoming an increasingly farcical situation, the Moscow prosecutor's office yesterday denied reports that the head of strife-torn Anglo-Russian oil group TNK-BP had been summoned for questioning.Source: Telegraph Business | 27 Jul 2008 | 12:01 am BA price-fixing charges to be filed next monthCompetition regulators are preparing to announce price-fixing charges against a quartet of current and former British Airways executives on August 7, setting the scene for a watershed criminal prosecution, The Sunday Telegraph has learned.Source: Telegraph Business | 27 Jul 2008 | 12:01 am Yacht owners sail close to the wind as fraud claims riseYacht owners are making more suspected fraudulent claims as economic woes continue to bite.Source: Telegraph Business | 27 Jul 2008 | 12:01 am Four Seasons' re-financing failure will hit those in the autumn of their lifeWhen debt was aplenty, private equity piled into care homes. Now, bankruptcy looms.Source: Telegraph Business | 27 Jul 2008 | 12:01 am Why Beijing Olympic medals are worth their weight in goldThe status of Olympic medallist may have been tarnished by the drug scandals of previous Games, but the value of the medals themselves is soaring on the back of recent increases in commodity prices.Source: Telegraph Business | 27 Jul 2008 | 12:01 am No angry lines of customers after bank takeoverCustomers of two banks closed by federal regulators were assured that every penny of their money was protected, preventing lines of angry accountholders from forming Saturday. The calm...Source: Infocious RSS raw feed - channel BNewsBusiness | 26 Jul 2008 | 11:50 pm Microsoft limbers up to fight for online futureMICROSOFT has an impressive collection of modern photography in the lobby of its conference centre in Redmond, Washington. Among the artists is David Maisel whose aerial photographs of Los Angeles give a disturbing, apocalyptic, bird’s eye view of the sprawling metropolis.Source: Latest Business News from Times Online | 26 Jul 2008 | 11:00 pm Wall Street: Save analysts from cry babiesTHE subprime meltdown is proving Karl Marx right once again. History really does repeat itself, the first time as tragedy, the second as farce.Source: Latest Business News from Times Online | 26 Jul 2008 | 11:00 pm Carter Jonas and Dreweatt Neate to mergeTWO of the country’s leading estate agents are close to sealing a merger that would create a company with annual revenues of about £35m.Source: Latest Business News from Times Online | 26 Jul 2008 | 11:00 pm Copyright sales could put EMI back on songFOUR FLOORS above the bustle of Chelsea Market, a foodie paradise in Manhattan, are the quiet and spacious offices of EMI Publishing. Visitors enter an airy atrium with a grand piano where some of EMI’s stars have played informal gigs. In this tranquil space it’s hard to believe this is a company in turmoil. That’s because this part of it is not.Source: Latest Business News from Times Online | 26 Jul 2008 | 11:00 pm Share deal to sweeten British Energy saleSHAREHOLDERS in British Energy, Britain’s nuclear power group, are to be offered a share of the company’s future profits in a plan that should clear the way for it to be taken over by the French.Source: Latest Business News from Times Online | 26 Jul 2008 | 11:00 pm Agenda: Get used to volatility: <br/> the hedgies are in controlEVEN to the City’s most seasoned operators, what has happened over the past two weeks has been remarkable. We have witnessed such huge swings in share prices that the stock market has looked like a casino.Source: Latest Business News from Times Online | 26 Jul 2008 | 11:00 pm Warning that UK economy is heading into recessionTHE economy is heading into recession and may face a slump on the scale of the early 1990s, according to Deloitte, one of Britain’s leading accountants. Another, KPMG, says more than half of businesses are planning job cuts.Source: Latest Business News from Times Online | 26 Jul 2008 | 11:00 pm Unilever in search for new chief executiveUNILEVER, the Anglo-Dutch conglomerate, has appointed headhunter Egon Zehnder to search for a new chief executive after Patrick Cescau told the board that he intends to step down next May.Source: Latest Business News from Times Online | 26 Jul 2008 | 11:00 pm BVT chairman John Parker says shipbuilder can be a world-beaterIN 1977 the Callaghan government nationalised the country’s shipyards, creating British Shipbuilders, an industrial monolith that swallowed up famous names such as Cammell Laird, Swan Hunter and Vickers.Source: Latest Business News from Times Online | 26 Jul 2008 | 11:00 pm Economic Outlook: Can the economy grow even if consumers wilt?Summer holidays are here, a good time to reflect on the past and on what is to come. After seven months of being battered by the twin shocks of a global credit crunch and surging oil and commodity prices, should we brace ourselves for an even grimmer autumn and winter?Source: Latest Business News from Times Online | 26 Jul 2008 | 11:00 pm Miami Mayor Manny Diaz, President of The U.S. Conference of Mayors, Issues Statement on Senate Passage of Housing BillWASHINGTON, July 26 /PRNewswire-USNewswire/ -- "As President of The U.S. Conference of Mayors, and on behalf of the American people and America's cities, we...Source: Infocious RSS raw feed - channel BNewsBusiness | 26 Jul 2008 | 9:53 pm NewsWatch: Aid for housing, Fannie, Freddie clears SenateCongress passes a housing rescue bill designed to help more than 400,000 homeowners avoid foreclosure and President Bush is expected to sign the measure quickly.Source: MarketWatch.com - Top Stories | 26 Jul 2008 | 9:00 pm Senate passes landmark housing billThe Senate on Saturday overwhelmingly passed a landmark housing bill that will offer up to $300 billion in loans for troubled homeowners and establish a government rescue plan for mortgage finance giants Fannie Mae and Freddie Mac.Source: Business and financial news - CNNMoney.com | 26 Jul 2008 | 8:42 pm UBS AG suspends U.S. head of fixed income - reportSwiss bank UBS AG has suspended David Shulman, the firm's head of fixed income in the U.S. and global head of municipal securities, according to a published report Saturday.Source: MarketWatch.com - Top Stories | 26 Jul 2008 | 8:29 pm Correction: Bank Takeover storyIn a July 25 story about the FDIC taking over two Western banks, The Associated Press erroneously reported the name of one of the banks. It is First Heritage Bank N.A., not First Heritage...Source: Infocious RSS raw feed - channel BNewsBusiness | 26 Jul 2008 | 8:27 pm Congress approves housing bill (Reuters)
Source: Yahoo! News: Business | 26 Jul 2008 | 8:15 pm UBS suspends U.S. fixed income head amid probes: reportCHICAGO (Reuters) - Swiss bank UBS AG has suspended David Shulman, head of its U.S. fixed income unit, amid state and federal probes of sales of auction-rate securities, the Wall Street...Source: Infocious RSS raw feed - channel BNewsBusiness | 26 Jul 2008 | 7:29 pm Two more banks fail; Mutual of Omaha Bank buys depositsTwo more banks are shut down by federal regulators late Friday, bringing to seven the number of bank failures so far this year.Source: MarketWatch.com - Top Stories | 26 Jul 2008 | 7:24 pm FDIC shutters two more regional banksRead full story for latest details.Source: Business and financial news - CNNMoney.com | 26 Jul 2008 | 7:22 pm Nokia to reimburse German state to end plant closure rowNokia will reimburse a German state over 1.3 million euros (two million dollars) to resolve a plant closure dispute that has cost the mobile phone giant tens of millions already, officials...Source: Infocious RSS raw feed - channel BNewsBusiness | 26 Jul 2008 | 7:20 pm FDIC takes over 2 failed banks operating in WestTwo banks operating in Nevada, Arizona and California _ 1st National Bank of Nevada and First Heritage Bank N.A. _ were closed Friday by federal regulators. The banks, owned by...Source: Infocious RSS raw feed - channel BNewsBusiness | 26 Jul 2008 | 7:08 pm The New York Times Company (NYT): What Do The Sulzbergers Do When The Money Runds Low?Back in March, The New York Times Co. agreed to give two activist hedge funds with a combined 19% stake in the company a pair of seats on its 15 member board of directors. I was skeptical, writing that Scott Galloway "won't be able to do much unless the controlling family decides it wants to make the changes he's suggesting -- and if they do, there's no need for him to be on the board!"Source: 24/7 Wall St. | 26 Jul 2008 | 5:53 pm Aid for housing, Fannie, Freddie clears SenateCongress passes a housing rescue bill designed to help more than 400,000 homeowners avoid foreclosure and President Bush is expected to sign the measure quickly.Source: MarketWatch.com - Top Stories | 26 Jul 2008 | 5:30 pm Any conditions but these onesWorried investors in finance company Hanover are looking to shareholders Mark Hotchin and Eric Watson to reach into their own deep pockets and provide a cash cushion, says a financial commentator. "Most people would love it if...Source: New Zealand Herald - Business | 26 Jul 2008 | 5:00 pm Fran O'Sullivan : Hanover chairman should be frontingWhy is Hanover chairman Greg Muir absent from the public fray as investor fears grow over the fate of New Zealand's third largest finance company? What investors should be demanding is a clear statement from Muir that he - as one...Source: New Zealand Herald - Business | 26 Jul 2008 | 5:00 pm Families get creative to make ends meetKiwis are rethinking their budgets and getting creative about supplementing their incomes to meet the rising cost of living. As well as the old favourites of buying supermarket specials in bulk and shopping around for the cheapest...Source: New Zealand Herald - Business | 26 Jul 2008 | 5:00 pm Building wealth : Not yet time to relaxMany homeowners and potential buyers may have thought they could breathe a sigh of relief after the Reserve Bank cut the official cash rate last week for the first time in five years. Unfortunately, the relief will not come quickly....Source: New Zealand Herald - Business | 26 Jul 2008 | 5:00 pm Top tips: Wine investmentLuke Batchelar, of Batchelar Fine and Rare Wine, a wine sourcing and cellaring consultancy, answers queries about wine investment. Is wine collecting a safe investment? There is a degree of risk, which is reduced through knowledge,...Source: New Zealand Herald - Business | 26 Jul 2008 | 5:00 pm FCC gives green light to XM-Sirius merger - reportsThe Federal Communications Commission has approved Sirius Satellite Radio Inc.'s acquisition of rival XM Satellite Radio Holdings Inc., according to published reports.Source: MarketWatch.com - Top Stories | 26 Jul 2008 | 4:59 pm Jobs tells Times: No cancerSource: Business and financial news - CNNMoney.com | 26 Jul 2008 | 4:39 pm Wind power: A reality checkSource: Business and financial news - CNNMoney.com | 26 Jul 2008 | 4:25 pm US Senate approves housing billThe US Senate passes a rescue bill designed to help the rising number of Americans at risk of having their homes repossessed.Source: BBC News | Business | World Edition | 26 Jul 2008 | 4:22 pm Park your cash in a safe placeSource: Business and financial news - CNNMoney.com | 26 Jul 2008 | 4:21 pm NewsWatch: U.S. stocks brace for more earnings, jobs report on tapThe market will try to regain some momentum next week, another week heavily loaded with earnings, with investors also awaiting the June jobs report and second-quarter growth figures for an update on the health of the economy.Source: MarketWatch.com - Top Stories | 26 Jul 2008 | 4:00 pm Sirius, XM tie-up gets FCC approvalRead full story for latest details.Source: Business and financial news - CNNMoney.com | 26 Jul 2008 | 3:05 pm Offshore oil: What's really out there?Source: Business and financial news - CNNMoney.com | 26 Jul 2008 | 3:01 pm Problem banks: What you need to knowThe federal rescue on Friday of two more failing banks - two weeks after the high-profile seizure of IndyMac Bank - leaves many Americans wondering whether their bank is safe.Source: Business and financial news - CNNMoney.com | 26 Jul 2008 | 2:36 pm Hope of deal in world trade talksGlobal trade talks that earlier looked near collapse have made progress and a deal might now be possible.Source: BBC News | Business | World Edition | 26 Jul 2008 | 1:30 pm NewsWatch: U.S. stocks brace for more earnings, jobs report on tapThe market will try to regain some momentum next week, another week heavily loaded with earnings, with investors also awaiting the June jobs report and second-quarter growth figures for an update on the health of the economy.Source: MarketWatch.com - Top Stories | 26 Jul 2008 | 1:00 pm Auto Review: 2009 Nissan GT-R -- Breathtaking bargainThe anticipated Nissn GT-R not only goes head-to-head with the Porsche and Corvette, but beats them and at a good price. Car writer Ron Amadon takes us along for the terrific ride.Source: MarketWatch.com - Top Stories | 26 Jul 2008 | 1:00 pm GE (GE) Restructuring May Take A Number Of Quarters To Bear FruitGE (GE) has elected not to sell any of its really core assets. Instead, it has elected to resturcture its major divisions and shuffle management. The move may work, but it could be a year of more until Wall St. knows that. GE is big enough so that it could take several quarters for the new structure to bear results.Source: 24/7 Wall St. | 26 Jul 2008 | 12:02 pm
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