Business News Headline - 12 August, 2008

[logo] Yahoo! News: Business   more  xml  hide  
Last updated: Tue, 12 Aug 2008 22:06:05 EST

Futures drop as bank jitters weigh (Reuters) » Full Story

The sun lights the exterior of the New York Stock Exchange, July 16, 2008. (Chip East/Reuters)Reuters - Stock index futures slipped on Monday as a first-half profit slide from HSBC , Europe's largest bank, added to worries about the financial sector arising from the U.S. housing slump.
Fed to sit tight on rates as oil prices moderate (Reuters) » Full Story

Chairman of the Federal Reserve Ben Bernanke testifies before the U.S. House Financial Services Committee on Capitol Hill in Washington July 16, 2008. (Larry Downing/Reuters)Reuters - The U.S. Federal Reserve is expected to hold interest rates steady on Tuesday, acknowledging financial conditions remain strained, but making clear it is still worried about inflation despite a recent pullback in energy prices.
Chrysler renews credit facilities but cuts amount (Reuters) » Full Story

The Chrysler LLC logo is seen during a news conference at Chrysler Headquarters in Auburn Hills, Michigan August 6, 2007. (Rebecca Cook/Reuters)Reuters - Chrysler LLC's finance arm said on Sunday it had renewed its credit facilities, but had reduced the amount to $24 billion from $30 billion due to tough credit markets and changes in its retail strategy.

[logo] Google News - Business   more  xml  hide  
Last updated: Tue, 12 Aug 2008 22:06:05 EST

July planned layoffs rise 26 pct vs. June: survey - Reuters » Full Story

July planned layoffs rise 26 pct vs. June: survey
Reuters - 42 minutes ago
NEW YORK (Reuters) - Planned layoffs at US companies jumped 26 percent in July from June, depicting further deterioration in the labor market, a report showed on Monday.
Looming job cuts march on - report CNNMoney.com
US July Job Cuts Double Year-Earlier Level, Challenger Says Bloomberg
MarketWatch - Central Valley Business Times
all 6 news articles
Humana's Profit Falls 3.2% on Medicare Drug Claims (Update2) - Bloomberg » Full Story

Humana's Profit Falls 3.2% on Medicare Drug Claims (Update2)
Bloomberg - 1 hour ago
By Avram Goldstein Aug. 4 (Bloomberg) -- Humana Inc., the second-biggest provider of US-funded health insurance, reported a 3.2 percent decrease in quarterly profit on rising costs in its Medicare drug plans for the elderly.
Humana raises full-year earnings projection Forbes
UPDATE 1-Humana profit falls, but raises full-year target Reuters
The Associated Press - RTT News - MarketWatch - Reuters
all 78 news articles
Obama assails McCain as tool of Big Oil in ad - Reuters » Full Story

CBS News
Obama assails McCain as tool of Big Oil in ad
Reuters - 25 minutes ago
By Caren Bohan CHICAGO (Reuters) - US Democratic presidential candidate Barack Obama attacked Republican rival John McCain as a tool of big oil companies in a television ad released on Monday.
The “Low Profit Margin Tax?” FOXBusiness
New Obama Ad. McCain "In the Pocket of Big Oil" ABC News
Nolan Chart LLC - Baraboo News Republic - Wall Street Journal Blogs - Boston Herald
all 536 news articles
Dish Profit Rises 50% on Higher Fees, Lower Costs (Update1) - Bloomberg » Full Story

Dish Profit Rises 50% on Higher Fees, Lower Costs (Update1)
Bloomberg - 45 minutes ago
By James Callan Aug. 4 (Bloomberg) -- Dish Network Corp., the second-largest US satellite-television provider, said second-quarter profit climbed 50 percent on higher subscription fees and lower costs.
Dish Network's 2Q Net Up 50%, EchoStar Swings To Profit CNNMoney.com
UPDATE 1-DISH posts higher profit, loses subs Reuters
Forbes - MarketWatch - IT News Online - Reuters
all 23 news articles

[logo] NPR Topics: Business   more  xml  hide  
Last updated: Tue, 12 Aug 2008 22:06:05 EST

British Airways, American Airlines Plan Alliance » Full Story
Steve Inskeep has this morning's business news.

Steve Inskeep has this morning's business news.

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'Psychology Of Shortage' Remains In Oil Markets » Full Story
Oil prices are down from record highs that they reached earlier this year. But there's still a "psychology of shortage" in the oil markets. Renee Montagne turns to Daniel Yergin, head of Cambridge Energy Research Associates, to talk more about this concept.

Oil prices are down from record highs that they reached earlier this year. But there's still a "psychology of shortage" in the oil markets. Renee Montagne turns to Daniel Yergin, head of Cambridge Energy Research Associates, to talk more about this concept.

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[logo] Reuters: Small Business News   more  xml  hide  
Last updated: Tue, 12 Aug 2008 22:06:05 EST

U.S. minimum wage set to rise, but views vary » Full Story
WASHINGTON (Reuters) - The national minimum wage is set to increase by 70 cents on Thursday to $6.55 an hour, the second of three increases to take place after the wages earned by the nation's poorest and least educated failed to rise for ten years.
Crowd-sourcing the e-car » Full Story
"eCars - Now!" is a Finnish Internet community seeking to apply the collective approach taken by online collaborators like the authors of Wikipedia to start converting used petrol-fuelled cars to electric ones, with the first roll-out due this year.

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