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Rss Directory > News > Economy & Business > Yahoo! News: Most Emailed - Business


Yahoo! News
Most Emailed - Business
Copyright: Copyright (c) 2008 Yahoo! Inc. All rights reserved.

American flags flutter in the wind in front of the General Motors Corp. headquarters in downtown Detroit, Michigan in this November 7, 2007 file photo.  General Motors is in preliminary talks about a possible merger with fellow U.S. automaker Chrysler, The New York Times reported late on October 10, 2008. The talks between GM and Cerberus Capital Management, the private equity firm that owns Chrysler, began more than a month ago and are not certain to produce a deal, the paper said.  REUTERS/Rebecca Cook/Files  (UNITED STATES)AP - General Motors Corp., Chrysler LLC and Cerberus Capital Management LP have held preliminary talks about a merger or an acquisition of Chrysler by GM, according to a person familiar with the talks.


In this Tuesday, Oct. 7, 2008 file photo, artist Laura Gilbert displays her 'Zero Dollar' artwork in front of the New York Stock Exchange  in New York. If you're looking to track down your missing money — figure out who has it now, maybe ask to have it back — you might be disappointed to learn that is was never really money in the first place. (AP Photo/Mark Lennihan)AP - Trillions in stock market value — gone. Trillions in retirement savings — gone. A huge chunk of the money you paid for your house, the money you're saving for college, the money your boss needs to make payroll — gone, gone, gone.


Treasury Secretary Henry Paulson, left, listens as President Bush speaks with the G7 Finance Ministers in the Rose Garden of the White House, Saturday, Oct. 11, 2008, in Washington. (AP Photo/Evan Vucci)AP - President Bush and foreign financial officials displayed joint resolve Saturday to combat the unfolding financial crisis, hoping to calm investors whose panic has spread despite bold and accelerating government action.


  Sat, 11 Oct 2008 06:47:12 +0200

Ray Grehan, property developer, is shown at his development called 'The Grange' in Dublin, Ireland, on Sept. 26, 2008. Tens of thousands of Irish face a financial white-knuckle ride because Europe's longest-running winning streak, the vaunted Celtic Tiger economy, has come to an inglorious end. Last month, Ireland became the first country in the 15-nation euro zone to fall into recession. (AP Photo/Peter Morrison)AP - Davey McKeever was down to his last bet slip of the night, crumpled in a sweaty fist, at the Shelbourne Park greyhound track. The remnants of McKeever's first unemployment check would rise or fall on the ironically named Nest Egg.


General Motors Corp Headquarters is seen along the Detroit River in Detroit, Michigan September 17, 2008. (Rebecca Cook/Reuters)Reuters - General Motors has had talks with smaller rival Chrysler LLC about a merger that would combine the No. 1 and No. 3 American automakers at a time when both are struggling to cut costs and shore up cash, according to a source briefed on the matter.


The logo of American International Group (AIG) is seen at their offices in New York September 18, 2008. (Eric Thayer/Reuters)Reuters - The chairman of the Senate Finance Committee demanded answers on Thursday from the Federal Reserve about reported lavish spending by insurer American International Group Inc after it received an $85 billion rescue loan.


Ford customer Kim Cloud, left, listens to Ford salesman James Blake, right, at a Ford dealership in San Leandro, Calif., Wednesday, Oct. 1, 2008. Tight credit, economic worries and high gasoline prices combined to crush the sales of U.S. and foreign automakers alike last month, with Ford Motor Co., Toyota Motor Corp. and Chrysler LLC all posting drops of more than 30 percent. (AP Photo/Paul Sakuma)AP - Mazda denied Saturday that a decision had been made by troubled Ford Motor Co. to sell its stake in the Japanese automaker but it didn't rule out a possible deal.


Reuters - Ford Motor Co is considering selling its stake in Japan's Mazda Motor Co (7261.T), a source familiar with the matter said on Saturday, as debt-laden U.S. automakers struggle with weakening auto sales and the global credit crunch.

A broker reacts at the stock market in Frankfurt, central Germany, Wednesday, Oct. 8, 2008. European markets tumbled in early trading Wednesday amid ongoing fears about the state of the credit markets. (AP Photo/Michael Probst)AP - Wall Street capped one of its worst weeks ever with a wild session Friday that saw the Dow Jones industrials gyrate within a 1,000 point range before closing with a relatively mild loss and the Nasdaq composite index actually ending with a modest advance.


The moon rises over the Qwest tower in Denver in this Thursday, Jan. 17, 2008 file photo. Qwest Communications International Inc. said early Saturday Oct. 11, 2008 it has reached a tentative agreement for a four-year contract with a union representing about 20,000 employees. Results of a ratification vote on the new agreement by union members are expected by Oct. 31. (AP Photo/David Zalubowski, FILE)AP - Qwest Communications International Inc. says it has reached a tentative agreement for a four-year contract with a union representing about 20,000 employees.


BusinessWeek Online - ARTEIXO, SPAIN Many U.S. apparel retailers are choking on slow-moving inventories as consumers hold back on spending. But Spain's Inditex, whose Zara chain pioneered cheap chic, is zipping ahead. The $13.8 billion company, which is closing in on Gap for the title of world's biggest clothing retailer, has nearly quadrupled sales, profits, and locations since 2000. This year, Inditex plans to expand by up to 640 stores. "They will weather the storms better than most of their rivals," says Michael Lewis, a supply-management professor at University of Bath's School of ...
Reuters - U.S. regulators took over two small banks on Friday, in Michigan and Illinois, bringing the tally of bank failures to 15 so far this year.

NFL Commissioner Roger Goodell, left, joins Houston Texans owner Bob McNair on the sidelines before the Texans game against the Indianapolis Colts on Sunday, Oct. 5, 2008 in Houston. (AP Photo/David J. Phillip)AP - The Federal Communications Commission has sided with the National Football League in a long-running programming dispute with Comcast Corp., ruling that Comcast should carry the league's NFL Network on its popular digital cable package.


BusinessWeek Online - In the fickle world of retailing, where hot concepts can be as fleeting as pop stardom, Costco (NasdaqGS:COST - News) has been a fortress of stability over the years. The $72 billion discount warehouse chain has built an empire of 544 stores in 40 states on one proposition to which it is fanatically devoted: keeping the prices of its quirky assortment of wares, everything from bulk antacids to flat-screen televisions, as low as possible.
BusinessWeek Online - Josh Corlew's grocery bill is zero. The furniture in his Nashville home didn't cost him anything, either. His fridge, TV, and microwave -- all free. It's been two years now since he last bought the ingredients for his signature sausage dish. Corlew, a 26-year-old nonprofit manager, has effectively dropped out of Consumer Nation. He goes shopping in the disposable culture's garbage instead.

The price per gallon can seen on a sign as Rick Long of Elk Township, N.J. delivers gasoline from his tanker truck to a gas station in Pennsauken, N.J., Wednesday, Oct. 8, 2008. The prices posted each day at the corner gas station were a narrative of pain, a prescription for sacrifice, and ultimately, a shock to the American psyche so great that it is unlikely to go away even as gasoline prices drop. (AP Photo/Mel Evans)AP - Prices at the pump are dropping fast, and gas could fall below $3 a gallon in a matter of weeks, if not sooner. Does that mean Americans will return to their heedless, gas-guzzling ways?


BusinessWeek Online - More than five years ago, in April 2003, the attorneys general of two small states traveled to Washington with a stern warning for the nation's top bank regulator. Sitting in the spacious Office of the Comptroller of the Currency, with its panoramic view of the capital, the AGs from North Carolina and Iowa said lenders were pushing increasingly risky mortgages. Their host, John D. Hawke Jr., expressed skepticism.
BusinessWeek Online - While Ed Wallace claims in his Oct. 8 column that there is no auto credit crisis (BusinessWeek.com, 10/7/08), I invite him to actually talk with any of the thousands of customers who couldn't secure adequate financing on a new vehicle purchase this past month.
AP - Oil prices tumbled to a one-year low below US$83 a barrel Friday in European trading as fears mounted that governments around the world would be unable to keep the ongoing financial crisis from causing a severe global economic downturn.
AP - Americans' retirement plans have lost as much as $2 trillion in the past 15 months — about 20 percent of their value — Congress' top budget analyst estimated Tuesday as lawmakers began investigating how turmoil in the financial industry is whittling away workers' nest eggs.

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