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Circuit City Stores Inc. on Friday gave in to pressure from activist shareholders, essentially putting itself up for sale and agreeing to nominate dissident directors to its board. Complete Story...
Clear Channel Communications Inc., a major radio and outdoor advertising company, reported higher first-quarter earnings Friday on asset sales but operating results were flat, reflecting weak demand for radio advertising.
Craig Heinrich and other South Plains cotton producers no longer have to look to the sky and pray — widespread rain arrived just in time for planting.
China's producer price index, a key indicator of inflation, rose 8.1 percent in April over the same month a year earlier, the government reported Friday, as a top economic official sought new controls to cool rising prices.
Even as oil prices ascended to new highs of more than $124 a barrel this week, many oil and gas industry executives say they expect the price to fall significantly by year's end, a new survey shows.
Japan Airlines reduced losses in the January-March quarter from a year earlier on cost cuts but forecast lower profit Friday for this fiscal year, blaming soaring fuel costs and intense competition.
The 2008 Dodge Challenger began rolling off the assembly line Thursday into an uncertain market that could embrace the nostalgic muscle car or reject it for its gas-guzzling excess.
Eight Western states on Thursday rejected a company's plan to ship tons of radioactive waste from Italy for disposal in Utah, saying importing foreign loads would violate the group's rules.
General Motors Corp. said Thursday that the shaky real estate market convinced the automaker that it was a good time to buy its previously leased headquarters in downtown Detroit's towering Renaissance Center for $626 million.
The U.S. trade deficit narrowed sharply in March as demand for imports fell by the largest amount since the last recession was ending. Analysts forecast that trade would continue to be one of the economy's few bright spots this year.
Guinness beer owner Diageo PLC rattled an Irish icon Friday, announcing plans to lay off more than half of its brewery workers, close two breweries and shift most production to a new, high-tech plant in the Dublin suburbs by 2013.
Citigroup Inc. said Friday it is aiming for 9 percent revenue growth as it looks to rebound from recent struggles tied to deterioration in the mortgage and credit markets.
Wachovia Corp. on Thursday stripped Chief Executive Ken Thompson of his chairman role in a move that separates the top management position from the top oversight role.
American International Group Inc. says it will raise $12.5 billion in the coming months as the insurer looks to shore up a capital base that has been rocked by deterioration in the credit markets.
A bitter, 10-week strike at auto parts supplier American Axle and Manufacturing Holdings Inc. could end soon now that General Motors Corp. has agreed to kick in up to $200 million to help settle the dispute, industry analysts said.
It's a few days before Mother's Day and Robert Jenkins jumps every time the phone rings.
The three biggest U.S. carriers said Thursday they have again raised ticket prices, this time by $20 roundtrip, to recoup rapidly rising fuel costs.
Okay so there are lots of companies that are making strides to become eco-friendly. Very often it is a thin line between "greenwashing" and actual improvements but that is a different story all together.
The bill would allow the FHA insure up to $300 billion in loans if lenders agree to reduce the mortgage principal to no more than 85% of a home's appraised value.
Private investment firms have been amassing what may seem like unusual stakes in New York real estate: they have bought hundreds of apartment buildings with thousands of rent-regulated units across the city that produce decidedly meager returns.
Open an Offshore Bank Account in Panama. Benefit from the well known tax haven Panama offers. Know the documents required to open an offshore account and discern why Panama Bank Privacy Laws are much more preferrable.
The cool thing about eBay's support system is it will always answer your question; unfortunately, that answer will always be a form letter on how to reset your password, as Timothy discovered when he tried to figure out how to sell his laptop to someone who wasn't a Nigerian scam …
"The Starbucks logo has a naked woman on it with her legs spread like a prostitute," explains alarmist Mark Dice, of a Christian group called The Resistance. "Need I say more? It's extremely poor taste, and the company might as well call themselves Slutbucks."
One of America's most powerful business leaders, New York Comptroller William Thompson, will be among those attending a high profile conference on language, culture and economic growth in Belfast today.
The WSJ reports: Sixteen years ago, developer Ian Bruce Eichner was forced to give his lenders the keys to his newly finished office tower in Times Square. The empty building, a symbol of one of the worst downturns in U.S.
There's a green lining to the real-estate cloud: Developers are dropping plans to build on some choice pieces of land and instead are selling it for such uses as public parks and nature preserves.
The price of a barrel of crude oil has reached another record high in both London and New York. US light crude added 16 cents to settle at $123.69 in New York trading, but in after-hours trade hit $124.61 a barrel.
Bloomberg reports: Crude oil rose to a record $124.73 a barrel in New York on concern supplies of diesel and gasoline may be insufficient to meet demand during the U.S. summer driving season. Brent also reached an all-time high in London.
US equities rose modestly on Thursday in spite of record gasoline and oil prices, with oil crossing the $124 per barrel price for the first time.
So, if crude jumps to $150 or $200, how does that translate into prices at the gas pump. Here's the scary part.
For-sale listings on the online hub Craigslist have been coming with plaintive notices, such as one from a teenager in Georgia who said her mother had lost her job and pleaded, "Please buy anything you can to help out."
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