Monday, April 28, 2008

Business News

Continental Airlines tells employees it won't seek merger
Sun, 27 Apr 2008 07:22 pm PDT
AP - Continental Airlines Inc. said Sunday it would not pursue a combination with another carrier right away, a surprising move after weeks of growing speculation that it would join with United Airlines to create the world's biggest airline. Full Story

Buffett, Munger will again field shareholders' questions
Sun, 27 Apr 2008 02:01 pm PDT
AP - The wisdom of billionaires Warren Buffett and Charlie Munger will be on display again next weekend when the two men field questions from a throng of Berkshire Hathaway Inc. shareholders. Full Story

Wall Street looks for cues from Federal Reserve meeting
Sun, 27 Apr 2008 11:33 am PDT
AP - What a difference six weeks makes. Right before the last Federal Reserve meeting, investors were worried about the global banking system imploding. Now, investors are betting the credit markets are on the mend and Wall Street is looking forward to an economic recovery. Full Story

Strike in Scotland closes major North Sea oil pipeline
Sun, 27 Apr 2008 01:02 pm PDT
AP - Hundreds of workers at Scotland's only oil refinery on Sunday began a 48-hour strike that has forced BP PLC to shut a pipeline system that delivers almost a third of Britain's North Sea oil. Full Story

Fed to hold public hearings on BofA-Countrywide deal
Sun, 27 Apr 2008 11:30 am PDT
AP - Consumer advocates nervous about Bank of America Corp.'s proposed takeover of troubled mortgage lender Countrywide Financial Corp. are pressuring the bank to provide assurances that Countrywide borrowers facing foreclosure won't lose their homes. Full Story

Britain's rich get richer
Sun, 27 Apr 2008 12:58 pm PDT
AP - The collective wealth of Britain's 1,000 richest people went up by nearly 15 percent last year, and more than half the country's 75 billionaires are foreign-born, according to a list published by the Sunday Times newspaper. Full Story

China to tie up with Chicago carbon emissions bourse
Fri, 25 Apr 2008 03:15 am PDT
AFP - China will join up with the US Chicago Climate Exchange to establish a carbon emission market in the city of Tianjin near Beijing, state media reported Friday. Full Story

Investors look to earnings for hints about consumer spending
Sat, 26 Apr 2008 07:39 am PDT
AP - Wall Street has so far had a mostly subdued reaction to corporate earnings released in the past few weeks, but that could be about to change. Full Story

Mortgage lender HBOS may launch rights issue
Sun, 27 Apr 2008 07:17 am PDT
AFP - The board of HBOS, Britain's biggest mortgage lender, will meet Monday to discuss a possible multi-billion pound rights issue due to the international credit crunch, media reported Sunday. Full Story

Two major US retailers ration rice amid global food crisis
Thu, 24 Apr 2008 12:09 pm PDT
AFP - Two major US bulk retailers are rationing the sale of large bags of rice to consumers amid a growing global food crisis marked by skyrocketing prices and heavy pressure on demand. Full Story