york trade business

Clear Channel says buyout may collapse - Reuters
EarthtimesClear Channel says buyout may collapseReuters - 20 hours agoNEW YORK Reuters - Radio broadcaster Clear Channel Communications Inc said on Friday its pending $20 billion buyout may collapse, as the banks had failed to provide funding for the deal under previously agreed terms.Clear Channel Defers Dividend Wall Street JournalUPDATE:Clear Channel,Buyers Want Suit Kept In Texas State Court CNNMoney.comForbes - Bizjournals.com - Boston Globe - The Associated Pressall 564 news articles

Oil Hits $89 a Barrel
Those forecasts for oil to hit $100 a barrel arent sounding very funny anymore. Oil closed voer $89 a barrel today because of concerns in the Middle East. Turkey has approved the entry of its troops into Iraq which greatly escalate problems in what is already a troubled region. CNN reports that gas prices are just starting to feel the impact from the soaring oil prices. The AAA has gas prices up 4 cents already for the week.Earlier in the day, crude prices scrambled to an all-time trading high of $89.55 a barrel.Prices at the pump have been slow to respond to rising crude prices recently, but that may be changing. On Thursday, gas prices gained nearly 2 cents to a national average of $2.79 a gallon for regular-grade gasoline, according to AAA. They are up 4 cents since Monday.Prices at the pump have been slow to respond to rising crude prices recently, but that may be changing. On Thursday, gas prices gained nearly 2 cents to a national average of $2.79 a gallon for regular-grade gasoline, according to AAA. They are up 4 cents since Monday.Theres almost an inevitability here now that we are going to get to $100 a barrel, said John Kilduff, an energy analyst at Man Financial in New York.Helping to lift crude prices higher was a decline in the dollar, which fell to an all-time low versus the euro and also dipped versus the yenOil closed at $89.47 a barrel. You can track energy prices here on Bloomberg.com. This graph shows how rapidly oil prices have been climbing in 2007.Permalink | Recent Headlines | WWFeeds.com

UBS to mark down auction-rate securities - CNNMoney.com
PravdaUBS to mark down auction-rate securitiesCNNMoney.com - 3 hours agoTORONTO Thomson Financial - UBS NYSE:UBS AG said Friday it is cutting the value of auction-rate securities in its brokerage customers' accounts, the first confirmation that problems with the securities have eroded the principal holdings of investors.3 Firms Are Asked for Data on Auction-Rate Shares New York TimesUBS, Merrill, Bank of America Auction Sales Probed Update4 BloombergForbes - Wall Street Journal - Reuters - Boston Heraldall 54 news articles

JC Penney Plunges After Cutting Profit Forecast (Update1) - Bloomberg
CNBCJC Penney Plunges After Cutting Profit Forecast Update1Bloomberg - 1 hour agoBy Lauren Coleman-Lochner March 28 Bloomberg -- JC Penney Co., the third-largest US department-store chain, plunged the most in more than 20 years in New York trading after the retailer cut its sales and earnings forecasts on slower consumer spending ...JC Penney cuts first-quarter forecast MarketWatchJP Penney Slashes Guidance, Wall Street JournalReuters - CNNMoney.com - Conde Nast Portfolio - RTT Newsall 112 news articles

No Recession at Red Hat - New York Times
RTT NewsNo Recession at Red HatNew York Times - Mar 28, 2008By Steve Lohr Red Hat, the Linux software company, gave a nice welcome present today to its new chief executive, James Whitehurst.Red Hat gets lift following upbeat earnings report MarketWatchOut of the Gate: Red Hat Rises CNNMoney.comBizjournals.com - The Associated Press - Motley Fool - Forbesall 280 news articles

Schering-Plough, Merck&s Vytorin Fails Artery Study (Update1) - Bloomberg
Dog Flu Diet and DiseasesSchering-Plough, Merck's Vytorin Fails Artery Study Update1Bloomberg - 29 minutes agoBy Shannon Pettypiece and Michelle Fay Cortez March 30 Bloomberg -- Merck & Co. and Schering-Plough Corp.'s cholesterol pill Vytorin didn't slow clogging of the arteries better than an older, cheaper drug, prompting doctors to say the medicine should ...Journal Issues Warning on Two Cholesterol Drugs New York TimesVytorin Study Shows Little Change In Artery Thickness CNNMoney.comForbes - Wall Street Journal - Reuters - WANDall 86 news articles

Down $900 Million or More, the Chairman of Bear Sells - New York Times
Calgary HeraldDown $900 Million or More, the Chairman of Bear SellsNew York Times - 1 hour agoBy LANDON THOMAS Jr. Only a year ago James E. Cayne?s stake in Bear Stearns was worth more than $1 billion. But on Thursday, Mr.NEW YORK, March 28 Reuters - Some US stocks to watch on Friday: ReutersBear Stearns Chairman Sells Stock RTT NewsUnited Press International - Forbes - Los Angeles Times - MSN Moneyall 461 news articles

Miserable Opening Bell?
The New York Times reports that the stock market plunge in Asia and Europe continued into Tuesday. Stocks are falling due to concerns that the U.S. economy is headed for a recession. MarketWatch has a roundup of the two day losses.Shanghai two days: -12%Japans Nikkei 225 two days: - 10.2%Hang Seng two days: -13.7%U.K. FTSE 100 two days: -8.6%German DAX 30 two days: -12.4%This sell off could extend to U.S. stocks today.Amid fears that the United States may be in a recession, the decline in stock markets accelerated this morning as exchanges opened across Asia.Markets in Tokyo, Hong Kong, Sydney all fell farther in the opening hours of trading today than they had all day Monday. Until now, overseas markets had largely avoided the sell-off that has caused steep declines recently in the United States, whose markets were closed Monday in observance of Martin Luther Kings Birthday. But investors reacted with what many analysts described as panic to the multiplying signs of weakness in the U.S. economy.And in a sign that the United States could join the sell-off today, trading in U.S. stock futures Monday suggested that the Dow Jones industrial average would fall more than 500 points at the opening bell.Marketwatch also says that the DJIA futures are currently down 650 points which could result in a miserable and nervous day of stock trading today.Permalink | Recent Headlines | WWFeeds.com

Wimm-Bill-Dann Foods 4Q Profit Rises - CNNMoney.com
Wimm-Bill-Dann Foods 4Q Profit RisesCNNMoney.com - 2 hours agoNEW YORK Associated Press - Wimm-Bill-Dann Foods OJSC said Friday its fourth-quarter profit rose 18 percent as sales grew across all segments.Wimm-Bill-Dann - CFO FOXBusinessUPDATE 1-Wimm-Bill-Dann Q4 net profit up 18% to $34.4 mln ReutersInternational Herald Tribune - Houston Chronicle - just-food.com subscription - RTT Newsall 59 news articles

Fremont General says FDIC orders recapitalization of bank and ... - CNNMoney.com
Fremont General says FDIC orders recapitalization of bank and ...CNNMoney.com - 42 minutes agoNEW YORK, Mar. 28, 2008 Thomson Financial delivered by Newstex -- Fremont General NYSE:FMT PR NYSE:FMT Corp. Friday said the Federal Deposit Insurance Corporation issued a supervisory prompt corrective action directive to the company and to its ...Fremont Ordered to Recapitalize Wall Street JournalFremont Ordered by FDIC to Find Buyer; Curbs Imposed Update3 BloombergReuters - FOXBusiness - Housing Wire - 24/7 Wall St.all 20 news articles

US stocks get starting lift from Lehman upgrade - MarketWatch
Conde Nast PortfolioUS stocks get starting lift from Lehman upgradeMarketWatch - 52 minutes agoBy Kate Gibson, MarketWatch NEW YORK MarketWatch -- US stocks on Friday offered an opening rise, supported by Citigroup Inc.'s upgrade of Lehman Brothers Holdings Inc. and as Accenture Ltd.Lehman Upgraded by Citigroup on `Ample' Liquidity Update2 BloombergCiti says Lehman has ample liquidity ReutersForbes - Conde Nast Portfolio - National Post - StreetInsider.com subscriptionall 24 news articles

Markets React to Bear Sterns, Weekend Fed Action
JP Morgan Chase has snatched up Bear Sterns in a rapid transaction for a huge discount of $2 a share. JPMorgan Chase & Co. agreed to buy Bear Stearns Cos. for $240 million, about 90 percent less than its value last week, after a run on the company ended 85 years of independence for Wall Streets fifth-largest securities firm.Shareholders of Bear Stearns will get stock in JPMorgan equivalent to about $2 a share, compared with $30 at the close on March 14, the New York-based companies said in a statement late yesterday. The Federal Reserve is providing financial backing to JPMorgan, the second-biggest U.S. bank, and also cut the rate on direct loans to banks in its first emergency weekend action in almost three decades to stave off a broader market panic. The Fed also moved in with a rare weekend move and dropped the emergency lending rate a quarter of a point. President Bush also weighed in predicting a turnaround. President Bush rushed to strike a note of calm to the turbulent situation on Monday morning, hailing the Feds action and saying: Weve taken strong decisive action. The president spoke after meeting at the White House with Treasury Secretary Henry Paulson and other members of his economic team. Were in challenging times, Bush said.Despite all the action to help prevent losses stocks are still in negative territory again today. The Financial Times says investors are waiting for the next domino to fall.Permalink | Recent Headlines | WWFeeds.com

SEC: Countrywide execs to get - CNN International
EarthtimesSEC: Countrywide execs to getCNN International - 2 hours agoNEW YORK CNN -- The two top executives at struggling Countrywide Financial Corp., the nation's largest mortgage lender, are slated to receive a combined $19 million in payouts, a regulatory filing shows.Countrywide CEO to get $10 milion on way out BloggingStocksCountrywide execs to get millions United Press InternationalThe Associated Press - Bloomberg - CNNMoney.com - Reutersall 370 news articles

Stocks & Bonds A Middling Week, but a Good One for 2008 - New York Times
Nightly Business ReportStocks & Bonds A Middling Week, but a Good One for 2008New York Times - 19 hours agoBy JEFF SOMMER It was a so-so week for the stock market. The broad market declined modestly, but the Nasdaq composite index, which is heavily laden with technology stocks, managed a slight gain.Stocks end the week down Los Angeles TimesTHE WEEK IN STOCKS: Adding to a bad quarterly performance NewsdayInternational Herald Tribune - The Associated Press - Inside Futuresall 632 news articles

Stocks edge higher in early trading - USA Today
HispanicBusiness.comStocks edge higher in early tradingUSA Today - 58 minutes agoBy Tim Paradis, AP Business Writer NEW YORK - Stocks were moderately higher at Friday's open after a government report confirmed that personal spending fell in February to its weakest level in 17 months but that personal income came in stronger than ...US Stocks Head for Higher Open Washington PostStocks higher in early trading as personal spending shows weakness ... International Herald TribuneForbes - The Associated Press - RTT News - Fox 28all 694 news articles

How High Will Google Go?
Google, which trades on the Nasdaq as GOOG, is getting close to the $600 mark. The stock has been on an incredible ride since it started trading at $85 in 2004.Google, which began trading at $85 in 2004, has the sixth- highest stock price in the U.S. and has surged 27 percent this year. The shares rose $1.84 to $584.39 at 4 p.m. New York time on the Nasdaq Stock Market and earlier reached $596.81.The search engine has taken users from Yahoo! Inc. and Microsoft Corp., pushing sales growth to at least 70 percent in each of the past three years. Google plans to lure more Web surfers and advertisers through the YouTube video site, bought last year, and has introduced software to sell mobile ads.Google is still dominating, Piper Jaffray & Co. Web analysts including Gene Munster said in an Oct. 1 report.Munster, in Minneapolis, rates the stock outperform and estimates it will reach $660 within a year as Google parlays its lead in search into other areas of online advertising next year.Google may very well break the $600 mark and even $650 but how much upside can be left for this powerful technology firm? Henry Blodget has suggested GOOG could trade as high as $2,000Remember a couple years back when some analyst floated the idea that Google could eventually be worth $2,000 a share--and was ridiculed from coast to coast? Well, first its worth noting that Google is now almost a third of the way there. Second, its worth noting that $2,000 a share would mean a market cap of about $750 billion, which--given a reasonable time horizon--just isnt that far-fetched.Why? First, from a macro level, in every technology wave, the market leader usually ends up amassing more power, wealth, and market capitalization than the leaders in the prior wave, often by a startling magnitude. The leaders in the last technology wave included Microsoft and Cisco, both of which peaked around $500 billion in market capitalization...Blodgets remark has stirred up controversy among tech and financial bloggers - see here, here, here, here, here, here, here, here, here and here. You can check the latest GOOG quote here on Yahoo Finance.Permalink | Recent Headlines | WWFeeds.comAd: Singers Sing is a music news blog.Feed: Bloglines | Google | Netvibes | Other Readers

IACs Diller wins court battle with Liberty - Reuters
IAC's Diller wins court battle with LibertyReuters - 15 hours agoBy Michele Gershberg NEW YORK Reuters - IAC/InterActiveCorp IACI.O: Quote, Profile, Research chief Barry Diller on Friday won a bitter legal dispute with Liberty Media Corp's John Malone, paving the way for him to proceed with efforts to spin off ...Barry Diller Wins as Court Allows His 5-Way Division of IAC New York TimesBarry Diller Can't Be Ousted From IAC Board by John Malone BloombergCNNMoney.com - Wall Street Journal - Conde Nast Portfolio - FOXBusinessall 247 news articles

Gold Passes $1,000 Mark
Gold traded at a record $1,000 an ounce for the first time today. The news coincides will the recession concerns, the weak dollar and the high price of oil. The BBC reports that since the beginning of 2008 gold has jump 20%. Gold also climbed 32% last year.Since the beginning of the year the value of gold has increased by about 20%, after it rose 32% in 2007.Gold eventually settled for the day at $993.80, up $13.30 an ounce.Analysts say gold will stay high as long as dollar and growth fears remain.Every bit of bad US economic data boosts gold in two ways, said Fortis Bank.First because it reinforces the return of its role as a safe-haven asset, and second because the dollar falls on expectations of further Federal Reserve rate cuts.The price of gold story made all the major newspapers and wire services: Reuters, Guardian, The Independent, Forbes, National Post, USA Today, Financial Times, Wall Street Journal, Telegraph.co.uk, Bloomberg and New York Times to name a few.A 52% climb in just twelve months might mean gold has climbed too quickly notes USA Today columnist John Waggoner here.If youre hankering to buy gold, you may get a chance to buy it more cheaply in the next month or so. Gold bullion has soared 52% over the past 12 months and 19% this year ? and it may have gotten ahead of itself. But if you want to invest for the long run in gold ? which can have a role in a diversified portfolio ? you have three good options: gold bullion coins, gold exchange-traded funds and gold mutual funds.Then again, Waggoners column also mentions that James DiGeorgia - editor of the Gold and Energy Advisor website - says gold could climb to $2,500 an ounce.Permalink | Recent Headlines | WWFeeds.com

Consumer Spending in US Increased at Slower Pace (Update1) - Bloomberg
Consumer Spending in US Increased at Slower Pace Update1Bloomberg - 2 hours agoBy Bob Willis March 28 Bloomberg -- Spending by US consumers rose in February at the slowest pace in more than a year, another sign the economic expansion may be grinding to a halt.February Spending Flat, Inflation Threat Recedes New York TimesPersonal income stronger than expected CNNMoney.comMarketWatch - Forbes - Wall Street Journal - International Herald Tribuneall 399 news articles

Electronic Arts extends tender offer for Take-Two - MarketWatch
BBC NewsElectronic Arts extends tender offer for Take-TwoMarketWatch - 2 hours agoBy MarketWatch NEW YORK MarketWatch -- Electronic Arts Inc. said Friday that it's amending its tender offer for Take-Two Interactive Software Inc. in light of the video-game publisher's latest rejection of its bid.EA Extends Offer for Take-Two Wall Street JournalElectronic Arts extends Take-Two offer deadline ReutersBusinessWeek - CNNMoney.com - FOXBusiness - RTT Newsall 445 news articles

Why the Paulson Plan is DOA - BusinessWeek
Boston GlobeWhy the Paulson Plan is DOABusinessWeek - 1 hour agoLet?s see. In the middle of perhaps the greatest financial upheaval since the Great Depression, Treasury Secretary Hank Paulson is proposing a change in financial regulations which basically amounts to a big wink to Wall Street.News Analysis In Treasury Plan, a Reluctant Eye Over Wall Street New York TimesKeeping US Financial Markets Competitve ForbesFOXBusiness - Bloomberg - Reuters - Chicago Tribuneall 916 news articles

Delta completes jet wiring inspections - Atlanta Journal Constitution
Delta completes jet wiring inspectionsAtlanta Journal Constitution - 1 hour agoBy SA REID , MIKE MORRIS Delta Air Lines has completed a reinspection of wiring bundles on older jets and flight schedules had returned to normal Friday morning, a spokesman for the airline said.Airlines wrap up jetliner checks Los Angeles TimesHundreds of Flights Canceled for Inspections New York TimesMarketWatch - KMSS TV33 - Reuters - Cheapflights.comall 2,165 news articles