Business News Headline - 25 August, 2008

[logo] Yahoo! News: Business   more  xml  hide  
Last updated: Mon, 25 Aug 2008 22:06:38 EST

Gross, Fuss say any new GSE deal needs Treasury (Reuters) » Full Story

The corporate logo for Freddie Mac is seen at its headquarters building in McLean, Virginia, July 23, 2008. (Larry Downing/Reuters)Reuters - Two of the biggest U.S. bond investors said they would get involved in a capital raising by Fannie Mae and Freddie Mac as long as the U.S. Treasury participates in the new deals.
Existing-homes sales rise, inventory swells (Reuters) » Full Story

A house sits for sale in North Aurora, Illinois July 24, 2008. (Jeff Haynes/Reuters)Reuters - Sales of previously owned U.S. homes ticked higher in July thanks to lower prices, but record inventory suggested the battered housing market is unlikely to recover soon, a trade group report showed on Monday.
Financial worries drive Wall Street down 2 percent (Reuters) » Full Story

Traders work works on the floor of the New York Stock Exchange August 8, 2008. (Joshua Lott/Reuters)Reuters - U.S. stocks fell sharply on Monday as credit concerns hounded financial stocks while global growth worries hurt big technology and industrial companies.

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Last updated: Mon, 25 Aug 2008 22:06:38 EST

Tropical Storm Gustav bears down on Haiti - Reuters » Full Story

ABC News
Tropical Storm Gustav bears down on Haiti
Reuters - 2 hours ago
By Jim Loney MIAMI (Reuters) - The Atlantic hurricane season's seventh tropical storm formed in the central Caribbean on Monday and could strengthen into a hurricane before striking vulnerable Haiti, the US National Hurricane Center said.
Tropical Storm Gustav approaches Haiti, Cuba The Associated Press
Tropical Storm Gustav Forms in Caribbean Near Haiti (Update2) Bloomberg
Wall Street Journal - guardian.co.uk - CNBC - Washington Post
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Where Home Prices Are Likely To Rise - Forbes » Full Story

ABC News
Where Home Prices Are Likely To Rise
Forbes - 2 hours ago
Believe it or not, in the future people will be buying and selling homes. Some of them will even make a profit. It's not so crazy an idea.
US Economy: Home Resales Rose More Than Forecast (Update2) Bloomberg
Existing home sales rise, but prices still sinking CNNMoney.com
Financial Times - Wall Street Journal - MarketWatch - The Associated Press
all 710 news articles
Delta Taps $1 Billion Credit Line - Wall Street Journal » Full Story

Earthtimes (press release)
Delta Taps $1 Billion Credit Line
Wall Street Journal - 1 hour ago
By PAULO PRADA Delta Air Lines Inc. on Monday tapped a $1 billion loan ahead of its planned merger with Northwest Airlines Corp. and said it had renegotiated agreements with credit-card processors to ensure that sales revenue continue to be turned over ...
Delta taps $1 bln loan ahead of Northwest merger: report Reuters
Delta taps $1 billion credit line CNNMoney.com
Atlanta Journal Constitution - Atlanta Journal Constitution
all 38 news articles
Broadcom to Buy Digital TV Unit From Advanced Micro (Update3) - Bloomberg » Full Story

Fabtech
Broadcom to Buy Digital TV Unit From Advanced Micro (Update3)
Bloomberg - 6 hours ago
By Amy Thomson and Vivek Shankar Aug. 25 (Bloomberg) -- Broadcom Corp., the chipmaker for flat-panel TVs, agreed to buy a unit of Advanced Micro Devices Inc. for $192.8 million to gain semiconductors used in lower- priced models likely to be in demand ...
AMD to Sell Digital TV Business Wall Street Journal
Broadcom's Digital Dreams Forbes
Financial Times - Bizjournals.com - KSWT-TV - The Associated Press
all 316 news articles

[logo] NPR Topics: Business   more  xml  hide  
Last updated: Mon, 25 Aug 2008 22:06:38 EST

Airlines Tweak Rules For Frequent-Flier Miles » Full Story
Airlines are making changes to their frequent-flier programs, introducing new fees and making it harder to get free tickets. Tim Winship, publisher of frequentflier.com, offers a strategy: Book that award ticket before the price goes up.

Airlines are making changes to their frequent-flier programs, introducing new fees and making it harder to get free tickets. Tim Winship, publisher of frequentflier.com, offers a strategy: Book that award ticket before the price goes up.

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Just Who Is Michelle Obama? » Full Story
The keynote address for the opening night of the Democratic National Convention will come from a woman who might become the country's next first lady, Michelle Obama.

The keynote address for the opening night of the Democratic National Convention will come from a woman who might become the country's next first lady, Michelle Obama.

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[logo] Reuters: Small Business News   more  xml  hide  
Last updated: Mon, 25 Aug 2008 22:06:38 EST

AgFeed to buy 4 hog farms, backs '08 profit view » Full Story
(Reuters) - Animal-feed and pork company AgFeed Industries Inc said it agreed to buy four hog farms in South China, and plans to acquire at least five to 10 others before the end of 2008.
Healthways' weak outlook sends its shares tumbling » Full Story
BANGALORE (Reuters) - Healthcare management provider Healthways Inc forecast weak earnings for the quarter ending November 30 due to problems plaguing some contracts, sending its shares tumbling as much as 26 percent to their lowest level in nearly five years.
Quest Resource CEO quits amid investigation » Full Story
(Reuters) - Oil exploration and production company Quest Resource Corp said Chief Executive Jerry Cash resigned following the discovery of questionable transfer of company funds to an entity controlled by him, knocking its shares down to a 52-week low.

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