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Business

Oil Hits New High as Dow Flirts With Bear Territory
New York Times - 3 hours ago
By MICHAEL M. GRYNBAUM and JULIA WERDIGIER With a 145-point slide on Friday, the Dow Jones industrial average flirted with bear market territory, meaning that it is down 20 percent from its high on Oct. 9, 2007.

Video: Wall Street Extends Losses in Volatile Week

AssociatedPress

Grizzly, Yogi or no bear at all? We're still waiting to see Los Angeles Times
BloggingStocks - FOXBusiness - guardian.co.uk - The Associated Press
all 690 news articles »

MER - SCHW

ABC News

Anheuser Hopes Savings Plan Makes Buzz
Forbes - 1 hour ago
Anheuser-Busch is outlining some cost-cutting moves it plans to take, hoping to convince shareholders not to sell the American brewer to Belgian brewer InBev.
Anheuser-Busch to Cut $1 Billion in Costs, Buy Stock (Update4) Bloomberg
Anheuser-Busch fights back against InBev MarketWatch
Newsweek - Wall Street Journal - Reuters - Bizjournals.com
all 1,426 news articles »

BUD - EBR:INB

IntoMobile

The Death Of Helio
Forbes - 1 hour ago
Helio, the once high-flying, uber-hip wireless reseller, has crash-landed and was scooped up by rival Virgin Mobile USA Friday in a stock transaction valued at $39 million.
Virgin Mobile USA to Acquire Helio for Approximately $39 Million ... FOXBusiness
Virgin Mobile May Struggle In Shifting Demographic Aim CNNMoney.com
BusinessWeek - Wall Street Journal - The Associated Press - guardian.co.uk
all 237 news articles »

VM - SKM - PINK:SKMTF

Geek who inherited the earth goes in search of another kingdom
guardian.co.uk - 1 hour ago
In a corner office on Microsoft's low-rise campus in suburban Seattle, a bespectacled, slightly portly middle-aged man has been packing his belongings.
Bill Gates leaves day-to-day operations at Microsoft Bizjournals.com
Bill Gates Steps Down from Daily Operations at Microsoft TheCelebrityCafe.com
HeraldNet - AFP - AHN - Salon
all 405 news articles »

MSFT

Boston Globe

Leaders of Delta, Northwest pilot unions approve tentative ...
Forbes - 55 minutes ago
SAN FRANCISCO (Thomson Financial) - The heads of the unions representing pilots at Delta Air Lines Inc. and Northwest Airlines Corp.
Delta, Northwest Unions Approve Terms Wall Street Journal
Northwest pilot leaders approve deal with Delta The Associated Press
Bizjournals.com - MarketWatch - Bloomberg - Reuters
all 638 news articles »

NWA - DAL

Homebuilders Not At Home In Housing Market
Forbes - 2 hours ago
Builders can't seem to make a home in the unsettled housing market, as evidenced by second-quarter results from KBHome and Lennar.
KB Home 2Q loss widens on sales slump, charges The Associated Press
KB Home Reports Loss as Slump Hurts US House Sales (Update3) Bloomberg
CNNMoney.com - Bizjournals.com - Los Angeles Times - Reuters
all 248 news articles »

KBH - LEN

ABC News

Delta Adds Frequent-Flier Fee, US Airways Drops Curb Bag Check
Bloomberg - 2 hours ago
By Mary Jane Credeur and Mary Schlangenstein June 27 (Bloomberg) -- Delta Air Lines Inc. will add fuel surcharges of as much as $50 for frequent-flier tickets and US Airways Group Inc. will pare curbside baggage check-in, widening an industrywide hunt ...
Delta Adds Surcharge To Frequent-Flier Program Wall Street Journal
Delta adds fuel surcharge to frequent-flier tickets MarketWatch
New York Times - abc7news.com - Alaskajournal.com - Forbes
all 184 news articles »

DAL - LCC

FOXBusiness

Yahoo investors unsure if they will support Icahn
guardian.co.uk - 4 hours ago
By Muralikumar Anantharaman CHICAGO, June 27 (Reuters) - Several major investors said on Friday they are not sure if they will support activist shareholder Carl Icahn's proxy battle to oust Yahoo Inc Chief Executive Jerry Yang and its board.
UPDATE 1-Legg manager unsure if will support Icahn vs Yahoo Reuters
Yahoo Letter Defends Decision on Microsoft Wall Street Journal
Bizjournals.com - CNET News - The Associated Press - Bloomberg
all 786 news articles »

YHOO - MSFT - LM

HispanicBusiness.com

Morgan Stanley's Aa3 Rating May Be Cut by Moody's (Update4)
Bloomberg - 3 hours ago
By Christine Harper June 27 (Bloomberg) -- Morgan Stanley, the second-biggest US securities firm, may have its Aa3 long-term credit rating lowered by Moody's Investors Service, which cited declining earnings and risk-management lapses.
Moody's says Morgan Stanley may get downgrade MarketWatch
Financials fall after Moody's reviews Morgan Stanley for downgrade Forbes
BusinessWeek - Wall Street Journal - Reuters - TheStreet.com
all 52 news articles »

Seattle Post Intelligencer

Lawmakers' zeal vs speculators could backfire
Reuters - 3 hours ago
By Russell Blinch WASHINGTON (Reuters) - With a zeal fueled by rocketing oil and food prices, US Congress is suddenly determined to bring rampant trading under control.
Don't blame the oil 'speculators' CNNMoney.com
Who are those oil speculators, anyway? Maybe you The Associated Press
FOXBusiness - OPB News - MarketWatch - Wall Street Journal
all 590 news articles »

The Associated Press

US Economy: Spending Rose More Than Anticipated (Update2)
Bloomberg - 4 hours ago
By Shobhana Chandra June 27 (Bloomberg) -- US consumer spending rose more than forecast in May as tax rebates drove the biggest gain in incomes in almost three years, enabling households to at least temporarily overcome soaring fuel bills.
After-tax incomes and spending show big gains The Associated Press
US consumer spending rises in May BBC News
guardian.co.uk - MarketWatch - New York Times - CNNMoney.com
all 555 news articles »

City leaders warned that AT&T was a target for relocation in 2006
Bizjournals.com - 3 hours ago
More than two years ago, some of San Antonio's top leaders warned that the Alamo City needed to come up with a viable AT&T retention plan or risk having the telecom giant relocate its headquarters to another market.
AT&T moves to Dallas NetworkWorld.com
AT&T Moves to Dallas, But Is That an Improvement? New York Times Blogs
KWTX - GlobeSt. com - KTEN - The Associated Press
all 199 news articles »

Wall Street Journal Blogs

Anheuser to Stop Selling
Wall Street Journal - 19 hours ago
By ILAN BRAT and SUZANNE VRANICA Anheuser-Busch Cos. will stop making and selling caffeinated alcoholic drinks as part of a settlement with 11 state attorneys general, the attorneys general said Thursday.
Alcoholic Energy Drinks Pulled After I-Team Probe CBS 4
Anheuser to Pull Caffeine Drinks Washington Post
New York Times - CNNMoney.com - Bloomberg - Reuters
all 374 news articles »

BUD - EBR:INB

BBC News

Sony Ericsson's Gloomy Profit Call
Forbes - 3 hours ago
A sales and profit warning from Sony Ericsson shocked shareholders on Friday, as fading consumer appetite for its top-tier phones depressed investor sentiment.
Sony Ericsson Says Profit Will Drop as Sales Weaken (Update4) Bloomberg
Sony Ericsson miss trips up wireless sector CNNMoney.com
FOXBusiness - MarketWatch - Wall Street Journal - Bizjournals.com
all 156 news articles »

SNE - ERIC - NOK

Washington Post

Countrywide CEO Helped Many Get Loans
Wall Street Journal - 19 hours ago
By JAMES R. HAGERTY and GLENN R. SIMPSON As the mortgage market was wobbling a year ago, Angelo Mozilo, chief executive of Countrywide Financial Corp.
Homeowner wants to refi, but lender suggests a short sale -- what ... MarketWatch
Bank of America to lay off 7500 The Business Journal of the ... Bizjournals.com
Bloomberg - Reuters - The Associated Press - Forbes
all 1,944 news articles »

CFC - BAC

ABC News

Supreme Court Term Is Mixed For Business, But Wins Were Big
CNNMoney.com - 8 hours ago
WASHINGTON -(Dow Jones)- The US Supreme Court handed the business sector a mix of wins and losses in the 2007-2008 term ending Friday, but when business did win, it won big.
Damages Cut Against Exxon in Valdez Case New York Times
Take Exxon ruling into voting booth this fall Kodiak Daily Mirror
CFO.com Magazine - InjuryBoard.com - International Herald Tribune - Scientific American
all 1,264 news articles »

FOXBusiness

FUTURES MOVERS Crude oil trades up 1% after hitting record high
MarketWatch - 10 hours ago
By Polya Lesova & William L. Watts, MarketWatch NEW YORK (MarketWatch) -- Crude-oil futures traded higher Friday but below the fresh record high of $142.26 a barrel hit earlier in the session, as weakness in the US dollar continued to bolster energy ...
US gold surges above $930 as oil rises, stocks down Reuters
Oil Surges Above $140 to Record as Libya Warns of Output Cut Bloomberg
CNNMoney.com - The Associated Press - TMCnet - TheStreet.com
all 1,224 news articles »

UXG

Earthtimes (press release)

Merrill concerns reignite Bloomberg speculation
MarketWatch - 2 hours ago
By Alistair Barr, MarketWatch SAN FRANCISCO (MarketWatch) -- Expectations for more write-downs by Merrill Lynch and concern that the brokerage firm has limited options to raise new capital reignited speculation Friday that it may sell its stake in ...
Merrill's Loss, Writedown Estimates Raised by Lehman (Update2) Bloomberg
Merrill may write down $5.4 billion in Q2: Lehman Reuters
guardian.co.uk - TheStreet.com - CNNMoney.com - Forbes
all 54 news articles »

LEH - MER - TSE:MLC

Horizon to reduce some flights, eliminate others
BusinessWeek - 2 hours ago
Horizon Air, a unit of Alaska Air Group Inc., said Friday that it will reduce service on several routes and eliminate at least two others, blaming rising fuel costs.
Horizon to cut one Sacramento flight starting Sept. 7 Bizjournals.com
Horizon Air accelerates transition to single fleet of Bombardier Q400s Forbes
AviationNews.net - WELT ONLINE - Yakima Herald-Republic - WELT ONLINE
all 42 news articles »

ALK - TSE:BBD.B

CNET News

UPDATE: Palm Shares Slump As Loss, Sales Disappoint
CNNMoney.com - 6 hours ago
SAN FRANCISCO (Dow Jones) -- Palm Inc. shares fell as much as 11% in afternoon trading Friday after the company reported a fourth-quarter loss and a drop in sales as its popular Centro smart phone was unable to make up for declines in other areas.
Palm shares fall after fiscal 4Q report Forbes
Palm shares slump as loss, sales disappoint MarketWatch
BetaNews - Bloomberg - Wall Street Journal - Reuters
all 218 news articles »

PALM - ASX:CNP - RIMM