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Citigroup to shed more than $400B 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.

Blockbuster, Icahn Open Up Circuit City 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.

MARKET SNAPSHOT: US Stocks Decline On Credit Turmoil; Weekly ... 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 ...

FedEx cuts profit forecast on fuel costs 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.

Microsoft Appeals 899 Million Euro Fine to EU Court (Update4) 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 ...

Kerkorian launches tender offer for Ford shares 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 ...

Google-Yahoo: Deal or No Deal? 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.

Earnings roundup: Clear Channel, GenTek 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, ...

Fannie Mae Refinancing Plan Aims to Head Off Foreclosures 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.

Stamp Out Hunger on Saturday 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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Business Latest News

References:
i. Small Business Encyclopedia - Libraryo.com
ii. Encyclopedia of Business and Finance - Libraryo.com


   

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