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Citigroup to shed more than $400B
Business News - CNNMoney.com - 3 hours ago The banking icon expects to sell certain businesses over the next 2 to 3 years. CEO: 'It's all about getting fit.' By David Ellis, CNNMoney. |
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Blockbuster, Icahn Open Up Circuit City
Business News - Forbes - 4 hours ago On Friday Circuit City Stores (nyse: CC - news - people ) said it opened its books to would-be suitor Blockbuster (nyse: BBI - news - people ) and the rental chain's largest shareholder, billionaire activist investor Carl Icahn. |
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MARKET SNAPSHOT: US Stocks Decline On Credit Turmoil; Weekly ...
Business News - CNNMoney.com - 2 hours ago US stocks fell on Friday, with the major indexes all hit with weekly losses of 1% and more, as the financial sector spouted more leaks after American International Group Inc. reported a $7.8 billion loss and Citigroup Inc. unveiled plans to shed about ... |
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FedEx cuts profit forecast on fuel costs
Business News - Reuters - 34 minutes ago BOSTON (Reuters) - Package delivery company FedEx Corp (FDX.N: Quote, Profile, Research) slashed its quarterly earnings forecast on Friday, blaming surging fuel prices and a drop in demand caused by the weak economy, sending its shares down 3 percent. |
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Microsoft Appeals 899 Million Euro Fine to EU Court (Update4)
Business News - Bloomberg - 5 hours ago By Matthew Newman and Stephanie Bodoni May 9 (Bloomberg) -- Microsoft Corp., the world's largest software maker, asked a court to overturn or reduce a record 899 million-euro ($1.4 billion) European Union fine for failing to comply with an antitrust ... |
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Kerkorian launches tender offer for Ford shares
Business News - Forbes - 4 hours ago By David Bailey DETROIT (Reuters) - Billionaire investor Kirk Kerkorian Friday launched a planned tender offer to add to a Ford Motor Co (nyse: F - news - people ) stake he called an "attractive investment," and not one he acquired to influence the ... |
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Google-Yahoo: Deal or No Deal?
Business News - New York Times Blogs - 42 minutes ago By Miguel Helft Will Google and Yahoo come together on a search advertising partnership? The two companies have been discussing an agreement under which Google would deliver some ads alongside Yahoo?s search results. |
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Earnings roundup: Clear Channel, GenTek
Business News - Forbes - 2 hours ago AP 05.09.08, 6:33 PM ET NEW YORK (AP) - Clear Channel Communications Inc. (nyse: CCU - news - people ), a major radio and outdoor advertising company, reported higher first-quarter earnings Friday on asset sales but operating results were flat, ... |
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Fannie Mae Refinancing Plan Aims to Head Off Foreclosures
Business News - Wall Street Journal - 6 hours ago By JAMES R. HAGERTY Fannie Mae is preparing to introduce by midyear a program of refinancing mortgages for people who owe more than the current value of their homes, a situation known as being "underwater. |
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Stamp Out Hunger on Saturday
Business News - KTVL - 55 minutes ago By NEWS10's Juliane Ngan -- Postal workers are hoping to take a whole lot more from mail boxes Saturday than they deliver. It's time for the annual Letter Carrier's "Stamp Out Hunger" food drive. |
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References:
i. Small Business Encyclopedia - Libraryo.com
ii. Encyclopedia of Business and Finance - Libraryo.com
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