Business News Headline - 17 August, 2008

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Last updated: Sun, 17 Aug 2008 22:06:42 EST

Analysts expecting large loss from Lehman: report (Reuters) » Full Story

The exterior of the world headquarters for Lehman Brothers can be seen in New York, May 19, 2008. (Lucas Jackson/Reuters)Reuters - Some analysts are girding for a third-quarter loss of $1.8 billion or more from U.S. investment bank Lehman Brothers Holdings Inc , instead of the modest profit they had previously expected, the Wall Street Journal reported on Sunday.




GM won't buy advertising time for 2009 Oscars: report (Reuters) » Full Story
Reuters - U.S. automaker General Motors Corp. has pulled out of its longtime sponsorship of the Academy Awards, one of the biggest annual events on broadcast television, the Wall Street Journal reported on Sunday.

Morgan Stanley sees more finance crisis pain: paper (Reuters) » Full Story
Reuters - The financial crisis will probably not end until next year or even 2010, Germany's Handelsblatt newspaper quoted Morgan Stanley co-President Walid Chammah as saying in a preview of its Monday edition.


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Last updated: Sun, 17 Aug 2008 22:06:42 EST

Early finish puts off third closure of I-405 southbound -- for now - Seattle Post Intelligencer » Full Story

KING5.com

Early finish puts off third closure of I-405 southbound -- for now
Seattle Post Intelligencer - 1 hour ago
By CELESTE FLINT Southbound I-405 in Bellevue will remain open next weekend, after contractors finished the Wilburton tunnel demolition project a week early, the Washington State Department of Transportation announced Sunday.
WA I-405 project ends a week early Seattle Times
I-405 tunnel work finishing ahead of schedule KING5.com
KOMO News - PNW Local News - Seattle Times - Seattle Times
all 19 news articles


Sonora man who fell down abandoned mine shaft Friday rescued early ... - San Jose Mercury News » Full Story

Sonora man who fell down abandoned mine shaft Friday rescued early ...
San Jose Mercury News - 4 hours ago
A 34-year-old Sonora man who fell down an abandoned mine shaft Friday was rescued early this morning, according to the Tuolumne County Sheriff's Office.
Man rescued after 2 nights in abandoned mine The Associated Press
Rescuers pull Sonora man out of mine Sunday morning Sacramento Bee
Pine Tree - San Francisco Chronicle - MyMotherLode.com - Union Democrat
all 337 news articles


Qwest, unions keep talking; workers remain on job - The Associated Press » Full Story

PhysOrg.com

Qwest, unions keep talking; workers remain on job
The Associated Press - 2 hours ago
DENVER (AP) - Qwest Communications International Inc. and members of its largest union headed back to the bargaining table Sunday for further negotiations after a labor contract expired.
Qwest, Unions Extend Labor Negotiations Past Deadline (Update1) Bloomberg
Qwest avoids labor strike for time being MarketWatch
KIDK - KPTM-TV - KARE - LocalNews8.com
all 471 news articles


Delta, JetBlue to waive fees on storm-affected flights - Reuters » Full Story

New York Times

Delta, JetBlue to waive fees on storm-affected flights
Reuters - 2 hours ago
NEW YORK (Reuters) - US airlines Delta Air Lines (DAL.N: Quote, Profile, Research, Stock Buzz) and JetBlue Airways (JBLU.O: Quote, Profile, Research, Stock Buzz) said on Sunday they would waive change fees for customers traveling on certain flights ...
JetBlue to Waive Change Fees and Fare Differences to Assist ... MarketWatch
Passengers paying for pillows, snacks, even water International Herald Tribune
Sarasota Herald-Tribune - MyWestTexas.com - Trading Markets (press release) - Sarasota Herald-Tribune
all 24 news articles



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Last updated: Sun, 17 Aug 2008 22:06:42 EST

State-Run Press Downplays Cold-War Tensions » Full Story
The conflict between Russia and Georgia has the media in the United States talking about a new Cold War. For a view from the Russian media, Robert Smith turns to Masha Lipman, the editor of the Pro et Contra journal, published by Carnegie Moscow Center.

The conflict between Russia and Georgia has the media in the United States talking about a new Cold War. For a view from the Russian media, Robert Smith turns to Masha Lipman, the editor of the Pro et Contra journal, published by Carnegie Moscow Center.

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Powered By Grease, Drivers Race to Greece » Full Story
In the Grease to Greece road rally kicked off in London Saturday. Teams are heading for Athens in vehicles powered by used cooking oil. The object isn't necessarily who can get to Athens first, rather it's who can get there the greenest. Andy Pag speaks with Robert Smith.

In the Grease to Greece road rally kicked off in London Saturday. Teams are heading for Athens in vehicles powered by used cooking oil. The object isn't necessarily who can get to Athens first, rather it's who can get there the greenest. Andy Pag speaks with Robert Smith.

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[logo] Reuters: Small Business News   more  xml  hide  
Last updated: Sun, 17 Aug 2008 22:06:42 EST

A123 plans $175 million IPO in 3-6 months » Full Story
TRAVERSE CITY, Michigan (Reuters) - Battery maker A123 Systems expects to go public in the next three to six months through a planned $175 million initial public offering, its chief executive said on Friday.


Nebraska firm expands beef recall, USDA says » Full Story
(Reuters) - The U.S. Agriculture Department (USDA) has said Omaha meat packing company Nebraska Beef Ltd is expanding its recently announced beef recall, after USDA regulators concluded that the company's production practices on June 24 were insufficient to effectively control E. coli.


Smucker beats Street despite higher commodity costs » Full Story
(Reuters) - Peanut butter and jelly maker J.M. Smucker Co posted better-than-expected quarterly results, as price increases and acquisitions helped offset rising commodity costs.



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