Business News Headline - 15 August, 2008

[logo] Yahoo! News: Business   more  xml  hide  
Last updated: Fri, 15 Aug 2008 22:06:41 EST

Lehman in talks to sell real estate, securities: 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 - Lehman Brothers is in talks for potential sale of its $40 billion portfolio of commercial real estate and securities in an effort to bolster its finances following costly credit-related write-downs, the Financial Times said in its online edition.




Penney, Abercrombie beat estimates but cautious (Reuters) » Full Story

Shoppers make their way past the Abercrombie store at Woodfield Mall in Schaumburg, Illinois, October 22, 2007. (John Gress/Reuters)Reuters - J.C. Penney Co Inc and Abercrombie & Fitch Co reported quarterly profits that beat Wall Street expectations on Friday, but came up short in their earnings forecasts, joining other U.S. retailers who fear a deeper slowdown in consumer spending toward year's end.




Fed officials fret on growth, point to rate hold (Reuters) » Full Story

Federal Reserve Chairman Ben Bernanke, pictured in July 2008. The Federal Reserve opted to keep its key interest rate unchanged Tuesday at 2.0 percent as the US economy throws off mixed signals.(AFP/Getty Images/File/Mark Wilson)Reuters - Two top Federal Reserve officials on Friday voiced concern about weak U.S. economic growth for the rest of 2008 and said inflation, while a worry, should start to fade over time.





[logo] Google News - Business   more  xml  hide  
Last updated: Fri, 15 Aug 2008 22:06:41 EST

UPDATE: Senator Seeks Higher Fines For Banks In ARS Cases - CNNMoney.com » Full Story

BBC News

UPDATE: Senator Seeks Higher Fines For Banks In ARS Cases
CNNMoney.com - 4 hours ago
(Updates with Citigroup's no comment, and hypothetical example from Grassley about a potential fine and tax effect.) By Martin Vaughan WASHINGTON -(Dow Jones)- A senior Republican senator wants the Securities and Exchange Commission to ensure that ...
JPMorgan and Morgan Stanley near auction rate buy-back deal Financial Times
Lawsuit threat to Merrill Lynch BBC News
guardian.co.uk - Wall Street Journal - Bloomberg - MarketWatch
all 2,141 news articles


Netflix shipments back on track after severe outage - Reuters » Full Story

Washington Post

Netflix shipments back on track after severe outage
Reuters - 2 hours ago
By Alex Dobuzinskis LOS ANGELES (Reuters) - Online DVD rental pioneer Netflix Inc said it resumed normal shipping on Friday after a three-day disruption, the worst in the company's decade of operations.
Netflix says DVD shipping glitched fixed Bizjournals.com
Netflix starts shipping videos again San Jose Mercury News
The Associated Press - Los Angeles Times - CNBC - MainStreet
all 584 news articles


SunPower shares shine on solar project contract - BusinessWeek » Full Story

Environment News Service

SunPower shares shine on solar project contract
BusinessWeek - 4 hours ago
Shares of solar power company SunPower Corp. jumped Friday after a San Francisco-based utility selected it and another supplier for a large project near the central California coast.
Giant solar project in California rivals coal plant MarketWatch
Two Large Solar Plants Planned in California New York Times
Forbes - Bizjournals.com - Triple Pundit - Environment News Service
all 179 news articles


Cadence withdraws its bid to buy Mentor Graphics - San Jose Mercury News » Full Story

RTT News

Cadence withdraws its bid to buy Mentor Graphics
San Jose Mercury News - 1 hour ago
By Brandon Bailey Blaming a difficult financial environment, Cadence Design Systems on Friday withdrew its $1.6 billion offer to buy Mentor Graphics, a leading rival in making software to produce computer chips.
Cadence Gives Up On Mentor Forbes
Cadence Scraps $1.6 Billion Hostile Bid for Mentor (Update4) Bloomberg
MarketWatch - Wall Street Journal - Bizjournals.com - guardian.co.uk
all 173 news articles



[logo] NPR Topics: Business   more  xml  hide  
Last updated: Fri, 15 Aug 2008 22:06:41 EST

Has NBC Done The Athletes Justice? » Full Story
Olympic athletes have not disappointed fans at this year's games in China. But how does NBC's coverage measure up to that of past games? We pick apart the presentation of the Olympic games in Beijing.

Olympic athletes have not disappointed fans at this year's games in China. But how does NBC's coverage measure up to that of past games? We pick apart the presentation of the Olympic games in Beijing.

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'Marketplace' Report: Gas From Georgia » Full Story
The tensions between Russia and Georgia could affect U.S. imports of oil and gas from the region. The uncertainty has U.S. investors worried aboug how American consumers will be impacted.

The tensions between Russia and Georgia could affect U.S. imports of oil and gas from the region. The uncertainty has U.S. investors worried aboug how American consumers will be impacted.

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[logo] Reuters: Small Business News   more  xml  hide  
Last updated: Fri, 15 Aug 2008 22:06:40 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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