Business News Headline - 21 August, 2008

[logo] Yahoo! News: Business   more  xml  hide  
Last updated: Thu, 21 Aug 2008 22:07:25 EST

Markets await Bernanke as central bankers gather (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 - Federal Reserve Chairman Ben Bernanke tackles financial stability in a key speech on Friday but economists doubt he will provide solid clues about future policy action to calm the credit crunch.




Fannie and Freddie debt gains as deep share dive abates (Reuters) » Full Story

A home that has been foreclosed and repossessed by the bank up for sale in Burbank, California, July 20, 2008. (Fred Prouser/Reuters)Reuters - Investors' growing belief in the likelihood of a federal bailout of home-funding giants Fannie Mae and Freddie Mac triggered a rally in the debt prices of the two companies on Thursday while a steep fall in their shares prices abated.




Firms settle auction-rate probes but more to come (Reuters) » Full Story
Reuters - Three of Wall Street's top investment banks agreed to pay millions of dollars in fines and buy back billions of dollars in frozen, illiquid securities after U.S. regulators reached settlements over the way the firms sold auction-rate securities.


[logo] Google News - Business   more  xml  hide  
Last updated: Thu, 21 Aug 2008 22:07:25 EST

Merrill, Goldman, Deutsche Settle Auction-Rate Probes (Update4) - Bloomberg » Full Story

Maktoob

Merrill, Goldman, Deutsche Settle Auction-Rate Probes (Update4)
Bloomberg - 1 hour ago
By Michael McDonald and Patricia Hurtado The accords bring to eight the number of firms that settled claims in the last two weeks that they misled investors by fraudulently marketing the long-term securities as easy to buy and sell.
Merrill Backs Down On ARS Forbes
3rd UPDATE: Three Banks Agree To Buy Back Billions Of ARS CNNMoney.com
MarketWatch - Reuters - guardian.co.uk - Los Angeles Times
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Boeing May Drop US Tanker Bid Without More Time (Update1) - Bloomberg » Full Story

Boeing May Drop US Tanker Bid Without More Time (Update1)
Bloomberg - 42 minutes ago
By Gopal Ratnam and [bn:PRSN=1] Susanna Ray [] Aug. 21 (Bloomberg) -- Boeing Co., seeking to win the reopened $35 billion US Air Force tanker competition, said it may consider dropping out of the race unless the Pentagon allows the company up to six ...
Boeing Seeks More Time for Bid New York Times
Boeing Considers Pulling Out of Tanker Competition Wall Street Journal
Seattle Times - Seattle Post Intelligencer - Charlotte Business Journal - HeraldNet
all 10 news articles


GM to invest $500 million in small car plant - MarketWatch » Full Story

Driving.ca

GM to invest $500 million in small car plant
MarketWatch - 23 minutes ago
By Shawn Langlois, MarketWatch SAN FRANCISCO (MarketWatch) -- General Motors Corp. said Thursday it will invest more than half a billion dollars in its Ohio plant, where the new Chevrolet Cruze compact will be built as part of the automaker's sweeping ...
GM, With an Eye on Profit, Invests in Ohio Plant New York Times
GM to Invest $500 Million To Build Chevy Cruze Wall Street Journal
The Associated Press - Detroit Free Press - Reuters - WYTV
all 285 news articles


FDA Allows Irradiation of Some Produce - New York Times » Full Story

ABC News

FDA Allows Irradiation of Some Produce
New York Times - 44 minutes ago
By GARDINER HARRIS WASHINGTON - The government will allow food producers to zap fresh spinach and iceberg lettuce with enough radiation to kill micro-organisms like E. coli and salmonella that for decades have caused widespread illness among consumers.
Video: AP Top Stories AssociatedPress
FDA approves irradiating lettuce, spinach KPNX-12
The Associated Press - WebMD - Chicago Tribune - WJZ
all 554 news articles



[logo] NPR Topics: Business   more  xml  hide  
Last updated: Thu, 21 Aug 2008 22:07:25 EST

Appliance Stores Look To Energy Efficiency » Full Story
Takoma Park, Md.-based Appliance Distributors Unlimited is one of the largest dealers of home appliances in the metropolitan Washington area. It has taken steps to permanently reduce its energy use. It's moving to energy-efficient lighting, recycling and other steps.

Takoma Park, Md.-based Appliance Distributors Unlimited is one of the largest dealers of home appliances in the metropolitan Washington area. It has taken steps to permanently reduce its energy use. It's moving to energy-efficient lighting, recycling and other steps.

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Newspaper Carriers Work With Rivals » Full Story
Frank Saracino, a newspaper carrier spends roughly $300 a week on gas. He now mostly delivers on Sundays and evenings to avoid traffic. Nationwide, more than 40 percent of papers collaborate with a competitor on delivery.

Frank Saracino, a newspaper carrier spends roughly $300 a week on gas. He now mostly delivers on Sundays and evenings to avoid traffic. Nationwide, more than 40 percent of papers collaborate with a competitor on delivery.

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[logo] Reuters: Small Business News   more  xml  hide  
Last updated: Thu, 21 Aug 2008 22:07:25 EST

Japan's Mizuho to invest in U.S. Evercore » Full Story
TOKYO (Reuters) - Mizuho Financial Group Japan's second-largest bank by assets, said on Thursday it would invest $120 million in U.S. merger advisory firm Evercore Partners marking the latest push by a Japanese financial company into the world's largest economy.


Salesforce shares tumble on concerns about growth » Full Story
BOSTON (Reuters) - Salesforce.com shares plunged as much as 16 percent on Thursday on concerns the business software maker's growth is slowing after its quarterly orders were lower than some investors had expected.


Bebe Q4 beats market; Q1 outlook below estimates » Full Story
(Reuters) - Women's apparel retailer Bebe Stores Inc posted a better-than-expected fourth-quarter profit, helped by higher merchandise margins, but forecast first-quarter earnings below market estimates.



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