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Latest News: Business (Found 20 News)

Merrill Agrees to Redeem Auction-Rate Securities (Update1) - Bloomberg

Thu, 21 Aug 2008 18:36:04 GMT

Boston Globe

Merrill Agrees to Redeem Auction-Rate Securities (Update1)
Bloomberg - 55 minutes ago
By Michael McDonald Aug. 21 (Bloomberg) -- Merrill Lynch & Co. agreed to buy back all the auction-rate securities it sold to individuals in the US to settle regulatory claims the bank misled investors about the debt's safety.
Merrill, Massachusetts Reach Pact on Auction-Rate Securities Wall Street Journal
Merrill settles Massachusetts dispute CNNMoney.com
Reuters - Los Angeles Times - The Associated Press - TheStreet.com
all 613 news articles

GM To Spend $500 Million In US To Build New Compact Chevy 'Cruze' - CNNMoney.com

Thu, 21 Aug 2008 18:56:21 GMT

Driving.ca

GM To Spend $500 Million In US To Build New Compact Chevy 'Cruze'
CNNMoney.com - 35 minutes ago
General Motors Corp. (GM) will spend more than $500 million in the US to build the Chevrolet Cruze, a next-generation compact car.
GM to invest over $500 mln in US to build new compact car MarketWatch
GM to invest $500 mln in US plant to build new compact Reuters
TMCnet - Akron Beacon Journal - Pittsburgh Tribune-Review - AutoWeek
all 88 news articles

GameStop's Profit Nearly Triples - Wall Street Journal

Thu, 21 Aug 2008 16:15:29 GMT

RTT News

GameStop's Profit Nearly Triples
Wall Street Journal - 3 hours ago
By MIKE BARRIS GameStop Corp.'s fiscal second-quarter net income nearly tripled as results topped expectations, and the company predicted strong results for the rest of the year.
UPDATE: GameStop Earnings Surge In Second Quarter; Forecast In Line CNNMoney.com
GameStop Reports Record Second Quarter 2008 Results MarketWatch
BusinessWeek - Bizjournals.com - Forbes - Reuters
all 42 news articles

Paulson's Fannie-Freddie `Bazooka' Shakes Investors (Update3) - Bloomberg

Thu, 21 Aug 2008 17:54:25 GMT

HispanicBusiness.com

Paulson's Fannie-Freddie `Bazooka' Shakes Investors (Update3)
Bloomberg - 1 hour ago
By Brendan Murray Aug. 21 (Bloomberg) -- US Treasury Secretary Henry Paulson's ``bazooka'' may be intimidating the same investors he intended to reassure.
Fannie, Freddie: Plunge then rebound CNNMoney.com
Fannie, Freddie debt rallies on likely bailout guardian.co.uk
Wall Street Journal - MarketWatch - New York Times - The Associated Press
all 1,692 news articles

Stage set for hostile takeover of Lehman: analyst - MarketWatch

Thu, 21 Aug 2008 19:00:02 GMT

Wall Street Journal Blogs

Stage set for hostile takeover of Lehman: analyst
MarketWatch - 31 minutes ago
By Joyce Koh , , ) , said Ladenburg Thalmann's analyst Dick Bove in a research note Thursday, as he cut his price target on the stock to $20 from $23 previously.
Lehman bounces back after 'Buy' rating BusinessWeek
Lehman may face hostile bid, raised to "buy": report Reuters
Bloomberg - Wall Street Journal Blogs - StreetInsider.com (subscription) - CEP News
all 22 news articles

Oil rises 5 pct on global tensions, soft dollar - Reuters

Thu, 21 Aug 2008 18:02:45 GMT

AFP

Oil rises 5 pct on global tensions, soft dollar
Reuters - 1 hour ago
By Richard Valdmanis NEW YORK (Reuters) - Oil prices rose nearly 5 percent on Thursday, the biggest gain in more than two months, driven by rising tensions between the United States and energy behemoth Russia.
Oil Rises More Than $6 on US-Russia Tensions, Dollar Weakness Bloomberg
Oil rallies on weaker dollar, US-Russian tensions MarketWatch
The Associated Press - Seeking Alpha - AFP - TheStreet.com
all 1,263 news articles

AT&T to Install Computers, TVs to Add Revenue Source (Update1) - Bloomberg

Thu, 21 Aug 2008 17:09:35 GMT

AT&T to Install Computers, TVs to Add Revenue Source (Update1)
Bloomberg - 2 hours ago
By Crayton Harrison Aug. 21 (Bloomberg) -- AT&T Inc., forced to find new revenue as the fixed-line telephone industry it once dominated loses customers to mobile handsets, plans to offer installation and repair services for computers and entertainment ...
New AT&T service offers installation and tech support Bizjournals.com
AT&T launches ConnecTech in-home support service USA Today
CNET News - Barron's Blogs - The Birmingham News - al.com - Chicago Daily Herald
all 27 news articles

Heinz Tastes Big Profits - Forbes

Thu, 21 Aug 2008 18:29:25 GMT

Dividend.com

Heinz Tastes Big Profits
Forbes - 1 hour ago
Ketchup king Heinz is one of the few companies that can thank a sluggish economy for its success. Unlike so many US companies who have been forced to find their fiduciary salvation overseas, Heinz (nyse: HNZ - news - people ) reported 11.5% growth in ...
UPDATE: Heinz's 1Q Net Rises 12%; Foodservice Unit Weakens CNNMoney.com
Cramer's 'Mad Money' Recap: Heinz Shines TheStreet.com
Bloomberg - MarketWatch - Wall Street Journal - Bizjournals.com
all 37 news articles

Old Navy Interim President Wyatt Is Appointed to Post Permanently - Wall Street Journal

Thu, 21 Aug 2008 18:24:58 GMT

CNBC

Old Navy Interim President Wyatt Is Appointed to Post Permanently
Wall Street Journal - 1 hour ago
By JENNIFER SARANOW Gap Inc. named the interim president of its Old Navy division to the post permanently, signaling that it will stick with its current strategy of targeting young moms on a budget rather than the fashion-conscious young women it ...
Gap Promotes Interim Old Navy Head to Permanent Role (Update1) Bloomberg
Gap Inc names Tom Wyatt president of Old Navy Reuters
guardian.co.uk - The Associated Press - KSWT-TV - Trading Markets (press release)
all 96 news articles

Investors see upside for Limited Brands - Reuters

Thu, 21 Aug 2008 18:44:15 GMT

Investors see upside for Limited Brands
Reuters - 47 minutes ago
By Martinne Geller NEW YORK (Reuters) - Limited Brands Inc (LTD.N: Quote, Profile, Research, Stock Buzz) said it expects that new products and in some cases higher prices will help it deliver on a higher earnings forecast for the year, ...
Limited Brands rises as 2Q results beat Street Forbes
Limited Brands up after profit beats estimates MarketWatch
Bloomberg - Wall Street Journal - The Associated Press - MSN Money
all 161 news articles

IAC, Spinoffs Mainly Higher As Breakup Becomes Official - CNNMoney.com

Thu, 21 Aug 2008 16:37:03 GMT

Los Angeles Times

IAC, Spinoffs Mainly Higher As Breakup Becomes Official
CNNMoney.com - 2 hours ago
Internet conglomerate IAC/InteractiveCorp (IACI) officially broke apart Thursday, as Ticketmaster Inc. (TKTM), HSN Inc. (HSNI), Interval Leisure Group Inc. (IILG) and Tree.
Sector Snap: Web content stocks mixed, IAC rises Forbes
Diller's IAC Split May Fail to Boost Investor Returns (Update1) Bloomberg
The Associated Press - CNBC - Mashable - Wall Street Journal
all 226 news articles

Bonds fall as jobless claims soften - CNNMoney.com

Thu, 21 Aug 2008 18:57:31 GMT

The Associated Press

Bonds fall as jobless claims soften
CNNMoney.com - 33 minutes ago
Investors bank on strengthening job market and future economic recovery after Labor Department reports fewer unemployment claims. By Kenneth Musante, CNNMoney.
Treasurys fall after initial jobless claims ease MarketWatch
US weekly jobless claims fall 13000 to 432000; cont. claims fall 17000 Forbes
The Associated Press - guardian.co.uk - United Press International - Bloomberg
all 429 news articles

Marsh & McLennan Names Wittman as New Finance Chief (Update2) - Bloomberg

Thu, 21 Aug 2008 18:37:49 GMT

Marsh & McLennan Names Wittman as New Finance Chief (Update2)
Bloomberg - 53 minutes ago
By Andrew Frye Wittman, most recently CFO of Adelphia Communications Corp., will join Marsh & McLennan on Sept. 10, the New York-based broker said today in a statement.
Wittman Tapped as Marsh CFO Wall Street Journal
MMC Names Vanessa A. Wittman Chief Financial Officer MarketWatch
Reuters - Forbes - InvestmentNews - Business Insurance
all 29 news articles

Microsoft to build $500 million data center in Central Iowa - Bizjournals.com

Thu, 21 Aug 2008 19:01:29 GMT

Microsoft to build $500 million data center in Central Iowa
Bizjournals.com - 29 minutes ago
The data center will house large-scale, worldwide web services for the Redmond computer giantâ€™s (NASDAQ: MSFT) online services businesses, according to Iowa officials.
Microsoft to build $500M data center in Iowa Chicago Tribune
Iowa chosen for next Microsoft data center CNET News
KCCI.com - Des Moines Business Record - DesMoinesRegister.com - BusinessWeek
all 143 news articles

Mortgage rate fall to 6.47% - CNNMoney.com

Thu, 21 Aug 2008 17:09:36 GMT

Mortgage rate fall to 6.47%
CNNMoney.com - 2 hours ago
The 30-year fixed-rate mortgage rate declined, even as the housing industry showed more signs of distress. NEW YORK (CNNMoney.com) -- Rates on the 30-year fixed mortgage fell from last week, even as the housing market showed more signs of weakness.
30-year mortgages dip slightly to 6.47 percent BusinessWeek
US 30-year mortgage rates fall in latest week Reuters
MarketWatch - KVOA.com - Inman.com (subscription)
all 40 news articles

US Economy: Leading Index Signals Deeper Slowdown (Update2) - Bloomberg

Thu, 21 Aug 2008 18:13:12 GMT

AFP

US Economy: Leading Index Signals Deeper Slowdown (Update2)
Bloomberg - 1 hour ago
By Shobhana Chandra and Timothy R. Homan Aug. 21 (Bloomberg) -- The US slowdown will deepen in the second half of the year as housing continues to slump and unemployment rises, according to a measure designed to predict the economy's direction.
ECONOMIC REPORT Leading indicators show no quick recovery MarketWatch
UPDATE1-US July leading economic indicators plummet 0.7 pct Reuters
InvestmentNews - AFP - Traffic World - Monsters and Critics.com
all 49 news articles

Report Says Fire, Not Explosion, Felled 7 WTC - New York Times

Thu, 21 Aug 2008 16:52:20 GMT

KARK

Report Says Fire, Not Explosion, Felled 7 WTC
New York Times - 2 hours ago
By ERIC LIPTON GAITHERSBURG, Md. - Fires in the 47-story office tower at the edge of the World Trade Center site undermined floor beams and critical structural columns, federal investigators concluded Thursday, as they attempted to curb still-rampant ...
Feds: Fires took down building next to twin towers The Associated Press
Fire - not explosives - brought 7 WTC down on 9/11, says report New York Daily News
PhysOrg.com - Cleveland Leader - NY1 - KARK
all 277 news articles