Wikio - Business

Stocks up again; oil pulls back (San Diego Union)

Fri, 16 May 2008 10:09:01 GMT

NEW YORK – The stock market notched its second straight daily advance yesterday, with investors assuaged by a pullback in oil prices and some better-than-expected economic data.

Source : San Diego Union (subscribe)

Explore : Finance, Markets, New York, New York City, Stocks

Pam Syfert to receive Lifetime Achievement award (The Charlotte Business Journal)

Fri, 16 May 2008 11:58:25 GMT

Former Charlotte City Manager Pam Syfert has been named the 2008 Wachovia Women In Business Lifetime Achievement Award winner. She will receive the award at the Charlotte Business Journal's Women in Business event July 17 at the Charlotte Convention Center.

Source : The Charlotte Business Journal (subscribe)

Bernanke warns banks on risks (Philadelphia Inquirer)

Fri, 16 May 2008 07:01:00 GMT

WASHINGTON - Commercial banks and other financial institutions need to beef up their ability to detect and protect themselves against risks such as the credit and mortgage debacles, Federal Reserve Chairman Ben S. Bernanke said yesterday.

Source : Philadelphia Inquirer (subscribe)

Consumer choices hit retailers hard (Philadelphia Inquirer)

Fri, 16 May 2008 07:01:00 GMT

MILWAUKEE - Department store stalwarts J.C. Penney Co. Inc., Nordstrom Inc. and Kohl's Corp. all reported steep drops in first-quarter profit yesterday as Americans snubbed apparel purchases to focus on basic necessities at discounters in a challenging economy.

Source : Philadelphia Inquirer (subscribe)

China tallies losses from earthquake (MSNBC.com)

Fri, 16 May 2008 12:06:46 GMT

Cracked dams and buckled roads, collapsed buildings and toppled factories — China has begun tallying losses from the calamitous earthquake that struck earlier this week, with estimates ranging to over $20 billion.

Source : MSNBC.com (subscribe)

Explore : Business, China

Credit Crunch Nearing its End (Dismal)

Fri, 16 May 2008 06:15:00 GMT

But U.K. property market will find it difficult recover.

Source : Dismal (subscribe)

Explore : United Kingdom

BA annual profits more than doubles on int. travel (Examiner)

Fri, 16 May 2008 11:07:52 GMT

British Airways said Friday it will pay a dividend for the first time in seven years after reporting its full-year profits more than doubled.

Source : Examiner (subscribe)

The opposite of bulk (San Diego Union)

Fri, 16 May 2008 10:09:01 GMT

Shoppers have been lugging ever-larger products to their ever-bigger cars for years. Now, more of them are feeling so pinched by the sagging economy that they are embracing a new behavior: buying a little at a time. From meat to mustard, consumers are trying to control their food bills by buying smaller items as they grapple with soaring prices.

Source : San Diego Union (subscribe)

Fannie to change down payment policy: report (The Earth Times Online Newspaper)

Fri, 16 May 2008 09:59:00 GMT

NEW YORK (Reuters) - Fannie Mae is expected to announce on Friday that it is getting rid of a policy that requires higher down payments on home mortgages in areas where home prices are dipping, the Wall Street Journal reported.

Source : The Earth Times Online Newspaper (subscribe)

Explore : Cities and Towns, Fannie Mae, Mortgages, New York, New York City

Market Preview: Cautious Optimism Ahead of Data (Dismal)

Fri, 16 May 2008 07:45:00 GMT

Crude oil storms back, takes aim at $128.

Source : Dismal (subscribe)

French Labour Market Loosening (Dismal)

Fri, 16 May 2008 05:15:00 GMT

And consumption taking a knock.

Source : Dismal (subscribe)

Fed's Lockhart sees hope that inflation slowing (The Earth Times Online Newspaper)

Fri, 16 May 2008 12:25:03 GMT

WASHINGTON (Reuters) - Inflation is too high but may be slowing and the economy is suffering a pronounced and serious downturn, Federal Reserve Bank of Atlanta President Dennis Lockhart said on Friday.

Source : The Earth Times Online Newspaper (subscribe)

British Airways doubles profit in turbulent times (Houston Chronicle)

Fri, 16 May 2008 12:24:22 GMT

British Airways doubled full-year profit on higher trans-Atlantic business travel and said it may cut routes as record fuel prices and slowing economies threaten earnings growth.British Airways, Europe's third-largest carrier, rose the most in two years in London trading after reporting its widest- ever operating margin of 10 percent and paying the first dividend since the Sept. 11 terrorist attacks.Chief...

Source : Houston Chronicle (subscribe)

Higher export supplies ease world rice prices (Houston Chronicle)

Fri, 16 May 2008 12:24:21 GMT

Rice has fallen 14 percent to $19.80 per 100 pounds in Chicago this week, the biggest weekly drop since July 2, 2004, according to Bloomberg data.

Source : Houston Chronicle (subscribe)

Russia ripe for NY apples (The Business First of Buffalo)

Fri, 16 May 2008 12:12:04 GMT

New York state apple growers shipped more than 10,000 cartons of apples to Russia so far this year.

Source : The Business First of Buffalo (subscribe)

Explore : New York, Russia

Super support: Private-sector ponies up (Indy Star)

Fri, 16 May 2008 12:09:20 GMT

The Indianapolis 2012 Super Bowl Bid Committee today will make a symbolic but important announcement regarding private sector support for the bid in advance of next Tuesday's formal presentation to NFL owners and officials during league meetings in Atlanta.

Source : Indy Star (subscribe)

Transbay Joint Powers Authority approves deal on terminal (San Fransisco Chronicle)

Fri, 16 May 2008 12:08:02 GMT

San Francisco's new Transbay Terminal is taking a big step closer to reality. The Transbay Joint Powers Authority voted Thursday to sign a deal worth $105 million with an architectural firm to design a facility for bus and train service at San Francisco's...

Source : San Fransisco Chronicle (subscribe)

Just 'Cos (Wizbang)

Fri, 16 May 2008 12:07:29 GMT

(Alternate Title: If The Foo Shits... There's an old Bill Cosby bit that deals with shop class. One of the kids thought it would be funny to put a bullet...

Source : Wizbang (subscribe)

Explore : Politics

Department store chain Macy's signs deal to put FAO Schwarz toy shops within its stores (Star Tribune)

Fri, 16 May 2008 12:06:12 GMT

CINCINNATI - FAO Schwarz will open toy stores in close to 700 Macy's department stores over the next two years, the companies said Friday.About 75 full-size FAO toy stores will open across the country in the fall, along with about 200 smaller shops that will be up to 300 square feet, the companies said.The FAO Schwarz gave its first Macy's store-within-a-store a trial run in Chicago late last year....

Source : Star Tribune (subscribe)

US Airways fleet-service workers ratify contract (The Charlotte Business Journal)

Fri, 16 May 2008 12:03:16 GMT

Fleet-service employees at US Airways Group Inc. have ratified a single contract that brings all the airline's ramp and baggage employees to one labor agreement. (LCC)

Source : The Charlotte Business Journal (subscribe)