News Corp. Withdraws Its Bid for Tribune's Newsday (Update2)
Bloomberg - 1 hour ago
By Gillian Wee and Dan Hart May 10 (Bloomberg) -- News Corp. withdrew a $580 million offer for Long Island newspaper Newsday, three days after its chairman, Rupert Murdoch, said talks with owner Tribune Co.
Murdoch Ends Bid to Buy Newsday New York Times
News Corp. withdraws bid to buy NY newspaper Newsday Houston Chronicle
The Associated Press - RTT News - Multichannel News - Wall Street Journal
all 1,730 news articles »  ASX:NWS - CVC

In mortgage meltdown, ‘walkaway’ homeowners may be suburban myth
Los Angeles Times - 2 hours ago
Bankers and housing analysts say many homeowners, owing more than their homes are worth, are defaulting on their loans even when they can afford payments.
Mortgage Holders Find It Hard to Walk Away From Their Homes New York Times
Fannie Mae Refinancing Plan Aims to Head Off Foreclosures Wall Street Journal
The Associated Press - Bloomberg - Chicago Tribune - MarketWatch
all 441 news articles »  FNM

First-class stamp prices rise 1 penny to 42 cents Monday
The Associated Press - 5 hours ago
WASHINGTON (AP) - The cost of mailing a letter goes up a penny to 42 cents on Monday, the latest in what are expected to be annual price adjustments by the Postal Service.
USPS stamp price increases Monday WBBH
Stamp prices go up Monday | KXNet.com North Dakota News KXMC
Montrose Daily Press - Suburbanite - KPAX-TV - Dodge City Daily Globe
all 455 news articles »

Circuit City Gives Up the Fight
BusinessWeek - 11 hours ago
by Pallavi Gogoi Circuit City is finally throwing in the towel. Confronted with weak sales, impatient shareholders, and a US consumer pummeled by recession, the electronics chain capitulated on May 9 and retained Goldman Sachs to help negotiate a deal.
Circuit City softens to Blockbuster takeover idea Houston Chronicle
Circuit City agrees to open books for Blockbuster MarketWatch
The Associated Press - Forbes - Bizjournals.com
all 600 news articles »  CC

AIG’s Quarterly Loss Depresses Dow
New York Times - 18 hours ago
By AP Wall Street ended the week with a big decline as investors grappled with two of the biggest threats to the economy: fallout from turmoil in the credit market and surging energy prices.
MARKET SNAPSHOT: US Stocks Decline On Credit Turmoil; Weekly ... CNNMoney.com
Stocks End Week Down TheStreet.com
BusinessWeek - Houston Chronicle
all 590 news articles »  AIG - C - JPM

IBERIABANK Corporation Announces Pulaski Bank & Trust Company ...
FOXBusiness - 1 hour ago
LITTLE ROCK, Ark., May 9, 2008 /PRNewswire-FirstCall via COMTEX News Network/ ----IBERIABANK Corporation (Nasdaq: IBKC), the holding company for Pulaski Bank and Trust Company in Little Rock, Arkansas ("Pulaski"), announced that Pulaski has entered ...
FDIC Shuts Down Arkansas's ANB Wall Street Journal
UPDATE 2-Small Arkansas bank fails, taken over by Iberiabank Reuters
MarketWatch - Arkansas Business Online - The Associated Press - AHN
all 130 news articles »  IBKC

Citigroup to shed nearly $500 billion in assets
The Associated Press - 9 hours ago
NEW YORK (AP) - Citigroup Inc.'s new chief executive, Vikram Pandit, plans to stick with a global banking model after months of intense review - but only after shrinking the company by about one-fifth first.
Pandit's Shrinking Citi Forbes
Citigroup aims to shed $400 billion of assets Reuters
CNNMoney.com - Bloomberg - Washington Post - Boston Globe
all 478 news articles »  C

Microsoft Appeals $1.4. Billion Fine by Europe
New York Times - 17 hours ago
By BLOOMBERG NEWS Microsoft asked Europe’s second-highest court to overturn or reduce a record fine of 899 million euros ($1.4 billion) from the European Union.
Microsoft appeals $1.4 billion EU fine Chicago Tribune
Microsoft asks EU Court to overturn, reduce 899 million euro anti ... Gadgetell
CNNMoney.com - Wall Street Journal - Reuters - TheStreet.com
all 184 news articles »  MSFT - YHOO

Kerkorian Moves to Buy a Bigger Stake in Ford
New York Times - May 9, 2008
By BILL VLASIC DETROIT - The billionaire investor Kirk Kerkorian started a cash tender offer Friday to bolster his stake in the Ford Motor Company to 5.6 percent but stopped short of revealing his long-term plans as a major shareholder in Detroit’s ...
Kerkorian launches tender offer for Ford shares Forbes
Kerkorian Makes Formal Offer To Increase Stake in Ford Motor Wall Street Journal
FOXBusiness - TheStreet.com - BusinessWeek - Detroit Free Press
all 345 news articles »  F

Barr gets FDA OK for generic Yasmin contraceptive
Reuters - May 9, 2008
NEW YORK (Reuters) - Barr Pharmaceuticals Inc (BRL.N: Quote, Profile, Research) said on Friday the US Food and Drug Administration has approved the sale of its generic version of the oral contraceptive Yasmin.
Barr says FDA OKs generic version of Yasmin contraceptive pill Forbes
Barr Announces Approval of Generic Yasmin(R) FOXBusiness
CNNMoney.com - Bloomberg - MarketWatch - BusinessWeek
all 73 news articles »  BRL - OTC:SHRGY

Con Ed Seeks Another Rate Increase and Draws Fire
New York Times - 18 hours ago
By PATRICK McGEEHAN Just a few weeks after sending out bills that reflected a $425 million rise in electricity rates, Con Edison is asking for an even bigger increase next year.
Con Ed eyes yet another rate hike New York Daily News
UPDATE 1-Con Edison seeks NY rate hike for 2009 Reuters
FOXBusiness - NY1 - Newsday
all 33 news articles »  ED

Airline fuel surcharge boosted again
Bizjournals.com - 22 hours ago
It looks like another increase in the fuel surcharge charged to passengers by most US airlines will stick. Northwest Airlines Corp.
Northwest raises fuel surcharge by $10 each way Forbes
Northwest Airlines Matches Fuel Charge Increase Implemented by ... FOXBusiness
BusinessWeek - New York Times - Reuters - Detroit Free Press
all 277 news articles »  NWA - DAL

Boeing Begins Contract Talks With IAM
FOXBusiness - 1 hour ago
SEATTLE, May 9, 2008 /PRNewswire-FirstCall via COMTEX News Network/ ----Boeing (NYSE: BA) and the International Association of Machinists and Aerospace Workers (IAM) today began negotiating a new labor contract for more than 26000 employees, ...
Boeing, Machinists open contract talks Seattle Times
Boeing, Machinists focus on issues as contract talks begin HeraldNet
The Wichita Eagle - Seattle Post Intelligencer - Aero-News Network - International Business Times
all 79 news articles »  BA - OTC:CMTX

Democrats Attack Bush Energy Policy, Oil Industry Tax Breaks
Bloomberg - 5 hours ago
By Timothy J. Burger May 10 (Bloomberg) -- Democratic Senator Debbie Stabenow attacked the Republican Bush administration's energy policy and tax breaks for the oil industry, urging investment in alternative energy.
Miller: No quick fix to energy pinch Pensacola News Journal
Democratic senator calls for GOP to alter energy policy The Associated Press
CNNMoney.com - Wall Street Journal - New York Times - KDBC
all 434 news articles »

Wall Street looks for a signal from Sprint
CNNMoney.com - May 9, 2008
By Michal Lev-Ram When Sprint Nextel CEO Dan Hesse joined the wireless company last December, he inherited a backlog of problems. Among them: The logistical nightmare of managing two different networks formed by Sprint’s merger with Nextel, ...
Earnings Preview: Sprint Nextel focuses on turnaround Houston Chronicle
Intel Moves on Global System Wall Street Journal
Bloomberg - New York Times - MarketWatch - BusinessWeek
all 1,491 news articles »  S - CLWR - INTC

Stamp Out Hunger
KMVT - 48 minutes ago
By S Casey It was the 16th annual "Stamp Out Hunger" food drive put on by the National Association Of Letter Carriers and the United Way.
Letter carriers collecting food donations Columbia Missourian
Local Postal Carriers Try To Stamp Out Hunger WFMY News 2
Ridgefield Press - ReporterHerald.com - Times-Standard - Log Cabin Democrat
all 507 news articles »

Google-Yahoo: Deal or No Deal?
New York Times - 16 hours 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.
LIVEBLOGGING: Schmidt, Page, and Brin Happy About Failed Microsoft ... BusinessWeek
Google Bores Forbes
InformationWeek - Los Angeles Times - Reuters - BBC News
all 627 news articles »  YHOO - GOOG - MSFT

Yen Rises Most Against Euro Since January on Credit Concern
Bloomberg - 8 hours ago
By Bo Nielsen and Ye Xie May 10 (Bloomberg) -- The yen rose the most against the euro since January and the Swiss franc advanced versus the dollar for the first time in four weeks as renewed concern credit market losses are deepening led to a drop in ...
Dollar Pares Losses on Trade Data Wall Street Journal
Dollar slips as Europe maintains rates CNNMoney.com
Forbes - MarketWatch - Daily Reckoning - American Edition - Bloomberg
all 1,141 news articles »

Autoworkers union: American Axle proposal includes closing 3 plants
International Herald Tribune - 2 hours ago
AP DETROIT: United Auto Workers President Ron Gettelfinger said Saturday he thought the union had been close to a contract deal to end a strike against American Axle until the auto parts supplier offered a proposal that included closing three plants.
UAW: American Axle proposal includes closing three plants DetNews.com
American Axle workers wait for word of strike settlement BusinessWeek
Detroit Free Press - Houston Chronicle - New York Times
all 507 news articles »  GM

Trade Deficit Narrows in March, but Exports Fall
New York Times - 16 hours ago
By MICHAEL M. GRYNBAUM Domestic demand for imports fell in March by the most since 2001, the latest indication that the economic slowdown has forced Americans to rein in their spending habits, the government reported Friday.
March trade deficit drops by bigger-than-expected amount The Associated Press
US Economy: Trade Deficit Narrows as Imports Fall (Update2) Bloomberg
MarketWatch - CNNMoney.com - Forbes - Washington Post
all 450 news articles »