Change my location 
Business
Stocks decline as AIG reveals need for cash, oil surges
Wall Street ended the week with a big decline as investors grappled with two of the biggest threats to the economy: fallout from turmoil in the credit market and surging energy prices. All three major indexes suffered losses for the week.
Wall Street ended the week with a big decline as investors grappled with two of the biggest threats to the economy: fallout from turmoil in the credit market and surging energy prices. All three major indexes suffered losses for the week.
Gas jumps above $3.67, oil passes $126 on Venezuela concerns
Oil rose above $126 a barrel for the first time Friday, bringing its advance this week to nearly $10, as investors questioned whether a possible confrontation between the U.S. and Venezuela could cut exports from the OPEC member. Gas prices, meanwhile, rose above an average $3.67 a gallon at the pump, following oil's recent path higher.
Oil rose above $126 a barrel for the first time Friday, bringing its advance this week to nearly $10, as investors questioned whether a possible confrontation between the U.S. and Venezuela could cut exports from the OPEC member. Gas prices, meanwhile, rose above an average $3.67 a gallon at the pump, following oil's recent path higher.
March trade deficit drops by bigger-than-expected amount
The U.S. trade deficit narrowed sharply in March as demand for imports fell by the largest amount since the last recession was ending. Analysts forecast that trade would continue to be one of the economy's few bright spots this year.
The U.S. trade deficit narrowed sharply in March as demand for imports fell by the largest amount since the last recession was ending. Analysts forecast that trade would continue to be one of the economy's few bright spots this year.
Circuit City allows Blockbuster, Icahn to review booksCircuit City Stores Inc. on Friday gave in to pressure from activist shareholders, essentially putting itself up for sale and agreeing to nominate dissident directors to its board.
Citigroup to shed nearly $500B in assetsCitigroup Inc.'s new chief executive, Vikram Pandit, plans to stick with a global banking model after months of intense review - but only after shrinking the company by about one-fifth first.
Diageo brews $1.25B Irish overhaulGuinness beer owner Diageo PLC rattled an Irish icon Friday, announcing plans to lay off more than half of its brewery workers, close two breweries and shift most production to a new, high-tech plant in the Dublin suburbs by 2013.
Gates: Microsoft to go its own wayMicrosoft Corp. will focus on growing its own advertising and Internet search business after it withdrew its takeover offer for Yahoo Inc., Chairman Bill Gates said Friday.
AIG posts 1Q loss of $7.8B, plans to raise $12.5BAmerican International Group Inc. says it will raise $12.5 billion in the coming months as the insurer looks to shore up a capital base that has been rocked by deterioration in the credit markets.
Warner Music Group 2Q loss widens on increased expenses
- Writers strike hurt, but Disney's 2Q profit still climbs
- Countrywide shares down amid doubt on BofA buyout
- Chevron's 1Q profit of $5.17B marks Big Oil's latest gusher
- Calif. bill would allow roadside farm stands to expand sales
- Western ports return to normal after workers' war protest
- California's farm belt plan to cut air pollution criticized
- Countrywide loses $893 million in 1Q on rising loss reserve
- US homes face foreclosure more than doubled in 1Q from 2007
- BofA to expand efforts to help Countrywide borrowers
It IS Easy Being Green, With Antiques.
I like to think of myself as a hip guy at least for my age. Sure the music I listen to consists of a mix of classic rock, old school punk, and anything by Johnny Cash, but that alone doesn't make me an old Geezer. My kids and family think that ...
Beurre Blanc – The Wine and Butter Sauce Born During that Other French Revolution
As far as white tablecloth restaurants go, this simple wine and butter sauce is probably made more often than any other sauce recipe. The wine can be red, white, or blush (we used to call it rosé back when no one liked it), and the technique has ...
Abercrombie & Fitch Co
(ANF): Abercrombie & Fitch to Announce First Quarter 2008 Earnings Results May 16, 2008 at 8:30 AM EDT
(ANF): Abercrombie & Fitch to Announce First Quarter 2008 Earnings Results May 16, 2008 at 8:30 AM EDT
Copa Holdings S.A.
(CPA): Copa Holdings S.A. Files Annual Report Form 20-F
(CPA): Copa Holdings S.A. Files Annual Report Form 20-F
Credit Suisse Group
(CSR): China Security & Surveillance Announces Resignation of President, Mr. Shufang Yang
(CSR): China Security & Surveillance Announces Resignation of President, Mr. Shufang Yang
Iomega Corp
(IOM): Iomega Reports First Quarter Financial Results
(IOM): Iomega Reports First Quarter Financial Results
McGraw-Hill Cos
(MHP): Platts Survey: OPEC Pumps 31.87 Million Barrels per Day of Crude Oil in April, Down 350,000 b/d
(MHP): Platts Survey: OPEC Pumps 31.87 Million Barrels per Day of Crude Oil in April, Down 350,000 b/d
Omni Energy Services Corp
(OMNI): OMNI Reports First Quarter 2008 Results; Updates 2008 Guidance
(OMNI): OMNI Reports First Quarter 2008 Results; Updates 2008 Guidance
Pacific Ethanol Inc
(PEIX): Pacific Ethanol, Inc. Announces Delay in Reporting First Quarter 2008 Results
(PEIX): Pacific Ethanol, Inc. Announces Delay in Reporting First Quarter 2008 Results
Stryker Corp
(SYK): Stryker to Present at Investor Conference
(SYK): Stryker to Present at Investor Conference
Toyota Motor Corp
(TM): Scion Exposed(TM) Tour Heads to Bristol Motor Speedway
(TM): Scion Exposed(TM) Tour Heads to Bristol Motor Speedway