newsflashr - latest business news headlines sorted by feeds

world

Rankings [Apr 08] by name by rank

NEW SECTIONS:

Techmeme Leaderboard

Stock Market Beat

CNN

2. Alexa rank: 50

Cablevision nears deal to buy Newsday

just in

Cablevision Systems Corp. is close to buying the Long Island newspaper Newsday from Tribune Co. for $650 million, a person with knowledge of the situation said Sunday.

Gas prices hit another record high

9 hrs ago

Retail gasoline prices jumped to yet another record high Sunday, according to drivers\' advocacy group AAA\'s Web site.

News Corp. withdraws Newsday bid

1 day ago

News Corp., the media conglomerate controlled by Rupert Murdoch, has withdrawn its bid to purchase the Long Island daily paper Newsday, a News Corp. spokeswoman said Saturday.

Forever stamp sales rise ahead of rate increase

1 day ago

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.

Regulators shutter Arkansas bank

1 day ago

Read full story for latest details.

EA gets $1B financing for Take-Two bid

2 days ago

Read full story for latest details.

Microsoft appeals $1.39B antitrust fine

2 days ago

Read full story for latest details.

Citi promises to rein in risk

2 days ago

A high-up Citigroup executive, chief administrative officer Don Callahan, had predicted that Citi\'s Investor Day, held Friday morning, would have to deal significantly in "promises," and that turned out to be the case. Citi is expecting to cut close to $500 bi ...

BBC

1. Alexa rank: 43

Homeowners 'favour' price falls

just in

More people want house prices to fall than to rise, research from the BBC indicates.

Murdoch quits US newspaper fight

10 hrs ago

Rupert Murdoch\'s News Corporation withdraws a $580m bid to buy the US newspaper Newsday.

Chinese plane firm gets wings

10 hrs ago

China launches a new plane maker to one day compete with Boeing and Airbus, state media report.

UK economic outlook 'worsening'

14 hrs ago

Economic prospects for the next 18 months have got worse, the British Chambers of Commerce warns.

3,000 more post offices 'at risk'

23 hrs ago

Thousands more post offices may be forced to close, the National Federation of Sub-Postmasters warns.

Plan to axe Saturday post denied

1 day ago

Postal regulator Postcomm denies it is planning to recommend Royal Mail should end deliveries on Saturdays.

Waitrose egg recall on lead fears

1 day ago

Supermarket chain Waitrose has recalled organic eggs from a flock which has eaten lead shot.

French swoop for British Energy

2 days ago

French utility EDF makes an offer for British Energy, although the price has not been disclosed.

New York Times

3. Alexa rank: 98

124

As Gazprom Goes, So Goes Russia

1 day ago

The weight of Gazprom, Russia’s corporate leviathan, extends far beyond its fields of natural gas all the way to the Kremlin, now headed by Dmitri A. Medvedev, its chairman.

Checking In: Arriving in London: Hotels Made in China

1 day ago

The aggressive expansion plans of Travelodge, one of the largest budget hotel chains in Britain, hinge on the use of prefabricated hotel rooms, manufactured in China.

Hints of a Shift at OPEC About a Rise in Oil Output

1 day ago

An oil official signaled for the first time in months that the oil cartel might increase its output to prick the price bubble.

Fragrance Market Is Establishing a Foothold in China

1 day ago

The importance of brand in sales raises the question of the market’s future stability as sales of perfume, a product that has few cultural roots in China, have recently risen exponentially.

Light Touch in Inventing Chinese Scents

1 day ago

Western perfume makers have been selling their scents in China for roughly a decade. But in a few months, Parfums Benetton will introduce two of the first perfumes that have been designed especially for Chinese tastes.

Trade Deficit Narrows in March, but Exports Fall

1 day ago

The falling demand for imports is the latest indication that Americans are reining in their spending habits.

At Daimler, Sales Follow the World's Oil Riches

1 day ago

Daimler AG, the maker of Mercedes-Benz automobiles, will deal with slowing auto sales in the U.S. in part by shifting sales to Russia, China and the Middle East, its chief executive said.

Consumed: Almighty Dolor

2 days ago

As Americans, we like the dollar, but as investors, we’re a little more willing to go where the money is.

Fox

5. Alexa rank: 316

430

Weyerhaeuser Australia and Related Operations to Be Sold to Carter Holt Harvey

1:17 hrs ago

Weyerhaeuser Australia and Related Operations to Be Sold to Carter Holt Harvey

Air Methods Corporation Confirms Fatal Accident in Wisconsin

1:46 hrs ago

All Three Crew Members were Fatally Injured; No Patient was On-Board

Khan Resources Announces Offer for Western Prospector

2:09 hrs ago

Khan Resources Announces Offer for Western Prospector

2:09 hrs ago

Khan Resources Announces Offer for Western Prospector

Teradyne's J750 Selected as a Standard System for Testing Renesas Technology Corp. Microcontroller

2:17 hrs ago

Leading worldwide microcontroller company expands use of J750 family

Credit Report Checking Just Became Simpler After the Launch of a New Credit Report Service

2:17 hrs ago

Credit Report Checking Just Became Simpler After the Launch of a New Credit Report Service

ParaYso Hotel Vancouver Announces Restaurateur Sean Sherwood as Director of Operations

2:23 hrs ago

ParaYso Hotel Vancouver Announces Restaurateur Sean Sherwood as Director of Operations

Skipper Simon Minoprio of New Zealand and Crew Wins the First 'Detroit Cup' Match Race Halted Due to Severe Weather

2:29 hrs ago

Skipper Simon Minoprio of New Zealand and Crew Wins the First \'Detroit Cup\' Match Race Halted Due to Severe Weather

Reuters

4. Alexa rank: 265

317

Cablevision near deal to buy Newsday: source

just in

NEW YORK (Reuters) - Tribune Co is close to an agreement to sell its Newsday newspaper to Cablevision Systems Corp and an announcement could come as early as Monday, a source familiar with the situation said on Sunday.

EnCana to split in two with oil at record highs

3:00 hrs ago

CALGARY, Alberta (Reuters) - EnCana Corp , Canada\'s biggest energy company, said on Sunday it plans to split into two separate oil and natural gas firms in an effort to wring out more value with crude prices at record highs.

Mubadala to turn Abu Dhabi island into business zone

13 hrs ago

ABU DHABI (Reuters) - Mubadala Development Co, an Abu Dhabiinvestment arm which manages over $10 billion in assets, saidon Sunday it will develop an offshore island into a newbusiness district that would house the stock exchange.

Citigroup eyes selling Japan consumer unit: paper

14 hrs ago

TOKYO (Reuters) - Citigroup Inc is considering selling its Japanese consumer finance company CFJ KK or cutting the unit\'s business significantly as part of its plans to shed assets, Japanese daily Nikkei reported on Sunday.

China forms company to make regional, jumbo jets

17 hrs ago

BEIJING (Reuters) - China has established a company to build regional commercial jets, with an eye to eventually reducing the country\'s reliance on Boeing and Airbus for jumbo jets, official media said on Sunday.

News Corp unexpectedly drops bid for Newsday

1 day ago

NEW YORK (Reuters) - Rupert Murdoch\'s News Corp on Saturday dropped its $580 million bid for Tribune Co\'s Newsday newspaper, just days after Murdoch said a deal was imminent, leaving cable television operator Cablevision as the likely winner of the Long Island ...

Shell pulls out of Iran gas deal

1 day ago

LONDON (Reuters) - Oil major Royal Dutch Shell has pulled out of a planned gas project in Iran, after coming under pressure not to participate from U.S. lawmakers who were concerned about Iran\'s nuclear programme.

Oil hits record $126 on supply worry

1 day ago

NEW YORK (Reuters) - Oil jumped to a record above $126 a barrel on Friday, extending gains to more than 11 percent since the start of the month on fuel supply concerns and a rush of speculator buying.

Washington Post

6. Alexa rank: 347

472

Uninsured Doesn't Mean Unsafe

20 hrs ago

Now you know. You\'ve been wasting your money by buying insured municipal bonds. The bonds themselves are fine. In fact, muni yields are practically irresistible today, for taxable accounts. The wasteful part is the insurance. You don\'t need it and never did. T ...

Modest Expectations for Week's Data

20 hrs ago

This week will offer fresh insight on three major forces affecting the economy: how consumers are behaving, how much prices are rising and how the manufacturing sector is holding up. The busy week of economic data starts with April retail sales Tuesday; econom ...

Avoiding Brand-Name Prices for Your Pills

20 hrs ago

More generic drugs are available than ever, and retailers like Wal-Mart and Target have added discount plans. F3

Thefts Rise With Copper Prices

20 hrs ago

CHICAGO, May 8 -- Dave Fusselman figures he has seen a lot of different items come through his family\'s third-generation scrap metal business in Moberly, Mo. But an attempted sale last fall broke new ground.

Union Influence Sways Montgomery Budget Talks

20 hrs ago

As Montgomery County\'s elected officials prepare this week to raise taxes and trim services to close a projected $300 million budget shortfall, most are reluctant to roll back raises negotiated by powerful union leaders.

Let's Make It Cool to Save

20 hrs ago

A coalition of consumer advocates, public policy groups and academics wants to attack our country\'s dependence on debt by creating a national campaign much like the one used to curb smoking.

Chilean Drought, Power Shortages Drive Up World Metal Prices

20 hrs ago

Chile\'s worst drought in five decades and power rationing from South Africa to China mean the price of aluminum, gold, copper and platinum will keep climbing as the lights go out in the world\'s biggest mines.

Growing Deficits Threaten Pensions

20 hrs ago

The funds that pay pension and health benefits to police officers, teachers and millions of other public employees across the country are facing a shortfall that could soon run into trillions of dollars.

Wall Street Journal

8. Alexa rank: 507

708

Energy-Speculation Hearings to Begin

just in

A House committee has begun an investigation into speculation in energy markets, including the role of hedge funds and investment banks, and is planning to hold hearings in May and June.

Barneys CEO Is Expected to Quit

just in

Howard Socol is expected to resign as CEO of Barneys New York over disagreements with the new owners about the timetable for international expansion.

Citigroup Looks to Slim Down

11 hrs ago

Citigroup\'s CEO said he has no interest in breaking up the company, though it will dump about $400 billion in assets during the next five years.

Pennsylvania Gets Offers for Turnpike

1 day ago

At least two bidding groups submitted undisclosed cash offers for the 75-year lease of the Pennsylvania Turnpike, in what could represent one of the largest deals in the coveted U.S. infrastructure sector.

News Corp. Pulls Newsday Bid

1 day ago

News Corp. revoked its bid for Tribune\'s Newsday, leaving Cablevision the likely victor of the auction for the Long Island daily.

Unions Forge Secret Pacts With Major Employers

1 day ago

Two of the nation\'s largest labor unions -- SEIU and Unite Here -- forged confidential deals giving companies a say in union organizing. The pacts raise concerns about worker rights and transparency.

U.S. Spurs G-7 Effort to Bolster Dollar

1 day ago

The Bush administration is leading the international effort to put a floor under the falling dollar, according to a U.S. Treasury official.

FedEx Again Lowers Its Outlook

2 days ago

FedEx cut its quarterly-profit forecast again, citing unrelenting fuel-price increases and soft demand. The shipping company\'s warning is the latest sign of continued weakness in the U.S. economy.

USA Today

7. Alexa rank: 502

660

Mother's Day spending may be down in slower economy

1 day ago

Some moms may not be getting both chocolates and a bouquet for Mother\'s Day this year as consumers watch their spending. Even ...

Eateries shrink dishes and prices, but checks stay the same

1 day ago

Restaurants are offering smaller, cheaper portions, but that doesn\'t mean dainty dining. Instead, people are using smaller dishes ...

Icahn prepared to buy Circuit City if Blockbuster can't

2 days ago

Consumer electronics retailer Circuit City Stores said Friday that it will allow Blockbuster to review its books in connection ...

Stocks close out difficult week with big losses

2 days ago

Stocks retreated Friday as investors contended with wider-than-expected losses at insurer American International Group Inc. and ...

FedEx cuts profit forecast due to fuel prices

2 days ago

Package delivery company FedEx slashed its quarterly earnings forecast on Friday, blaming surging fuel prices.

Union: Layoffs, shutdown hit Louisville Ford truck plant

2 days ago

A union official says Ford\'s truck plant in Louisville will shut down for the month of July instead of its traditional two-week ...

For 9 months' work, Pep Boys ex-CEO gets $17.2 million

2 days ago

The Pep Boys Manny, Moe & Jack gave its former chief executive a compensation package worth $17.2 million for just over nine ...

Government asks court to block wider testing for mad cow

2 days ago

The Bush administration on Friday urged a federal appeals court to stop meatpackers from testing all their animals for mad cow ...

ABC

9. Alexa rank: 511

1241

Drilling for Oil … in Downtown L.A.

11 hrs ago

Record oil prices have brought fresh interest in the city\'s wells.

Oil's Broken Record, Surges Above $126

2 days ago

Traders fear that a fight with Venezuela could stop the flow of oil.

New Sign of Hard Times: Imports Down

2 days ago

The U.S. trade gap shrank as the economy cut demand for imports by 2.9 percent.

Toyota's Profits Sink to $3 Billion

2 days ago

The automaker posts a 28 percent drop as sales weaken in North America.

Will We Ever Pay for an Album Again?

2 days ago

The latest trend to hit the music industry: artists giving away their songs.

Is Efficiency Obsession Unproductive?

2 days ago

Deconstructing the notion that demand for more means better productivity.

House Passes $300B Foreclosure Rescue

3 days ago

The House approved a major housing aid plan despite Bush\'s veto threat.

Calif. City to File for Bankruptcy

3 days ago

Vallejo is set to become the largest California city to file for bankruptcy.

MarketWatch

11. Alexa rank: 726

777

Outside the Box: Sixty years on, Israel emerges as an economic force

1:17 hrs ago

TEL AVIV (MarketWatch) -- Israel was born not only into war, carnage and controversy but also into shortage. Shorn of cash and goods, it had to ration meat, eggs and cooking oil through a coupon system that soon generated undernourishment, bread lines and a th ...

V. Phani Kumar's This Week in India: Marriage of equals to keep Bharti investors occupied

2:42 hrs ago

Investors in Bharti Airtel have seen the Indian cellular services major make a few merger-and-acquisition advances before, but none have been as exciting as the deal for MTN.

Craig Stephen's This Week in China: Hong Kong to finally get a competition policy

2:43 hrs ago

As Hong Kong moves closer to implementing a competition policy, the tycoons who dominate big business in the city-state will be watching closely.

NewsWatch: Theme parks brace for long, dry summer

3:17 hrs ago

While theme-park operators have yet to feel a full-throated assault on their revenue from a sluggish economy, trouble could be just around the corner.

The Stockpickers: Income fund taps Telefonica, Canadian Oil Sands, McDonald's

4:38 hrs ago

SAN FRANCISCO (MarketWatch) -- Income that keeps pace with inflation is a valuable financial tool for retirement. Mutual-fund manager Brad Kinkelaar is trying to provide just that as waves of retirees wash over the U.S. and other developed countries.

ETF Investing: First exchange-traded notes for platinum fuel latest rally

4:42 hrs ago

BOSTON (MarketWatch) -- New exchange-traded notes tied to platinum give individuals the ability to invest more conveniently in the white metal, which saw its price pushed even higher last week as markets anticipated the listing.

Chuck Jaffe: In credit crisis, ultra-short bond funds haven't been ultra-safe

4:46 hrs ago

BOSTON (MarketWatch) -- When it comes to investing, there are times when boring is good, when the idea is to find a safe haven in a fund that does a simple job, easily and without flash, the kind of mutual funds you can hold without fear of what happens the ne ...

Marshall Loeb's Daily Money Tip: Five important considerations before adding an outdoor kitchen

4:55 hrs ago

If your thoughts have been turning to entertaining outdoors this spring, an outdoor kitchen could be just the addition for you. Once an expensive item, you can now install an outdoor kitchen for as little as $200. Of course, the price will depend on the elabo ...

Los Angeles Times

10. Alexa rank: 623

839

Read the fine print on 'no-interest' deals at stores

17 hrs ago

Consumers who don\'t pay careful attention to terms on deferred-payment plans can end up owing more than they\'d bargained for. When Best Buy offered Mike Walker the ...

Yahoo comes up short against Google with a group that matters

17 hrs ago

There\'s been no shortage of opinion about what went wrong with Microsoft\'s "failed" $47.5-billion takeover of Yahoo (I\'m hedging because a lot of people still think the deal could go through, once cooler heads prevail).

My week of e-mail scams

17 hrs ago

A roundup of online appeals shows that you\'d better be on your guard. Here\'s what happened when Times reporter David Colker hit \'Reply.\' Monday

Business letters

17 hrs ago

Regarding the story, " Neighborhood face-lift gives Hollywood pause ," (May 6):

Trying to survive a sub-prime squeeze

17 hrs ago

A North Hollywood mother needs advice on restructuring her high-interest mortgage. Bad financial decisions and poor timing have landed Alicia Cardenas smack in the ...

Your Money: A week of e-mail scams

1 day ago

In mortgage market, walkaway homeowners may be urban myth

1 day 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. But no hard numbers back up their claims. ...

Fifty ways to leave your lender

2 days ago

One of the advantages of working for a mutual fund company that employs a number of outside investment managers to sub-advise its funds is that you get to listen to some very smart people.

Time

12. Alexa rank: 771

822

European Central Bank Rates Unchanged

1 day ago

The European Central Bank left its key interest rate steady at 4 percent on Thursday as the bank\'s president said inflation was expected to remain high

Papa John's Surpasses $1B in Online Pizza Sales

1 day ago

In the past seven years, Louisville-based Papa John\'s International Inc. has made a lot of dough from online ordering -- more than $1 billion to be exact

Chinese Producer Prices Up 8.1% Year-Over-Year

1 day ago

China\'s producer price index, a key indicator of inflation, rose 8.1 per cent 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

Stocks Decline as AIG Reveals Need for Cash

1 day ago

Wall Street retreated Friday as investors contended with wider-than-expected losses at insurer American International Group Inc. and another worrisome spike in oil prices

Google Hopes for Long-Term Ad Deal with Yahoo

1 day ago

Google Inc.\'s top executives expressed hope Thursday that the Internet search leader will be able to form a potentially lucrative advertising partnership with Yahoo

March Trade Deficit Drops by Unexpected Amount

1 day ago

The U.S. trade deficit narrowed sharply in March as demand for imports fell by the largest amount since the last recession was ending

Europe Grapples Over Biofuels

1 day ago

Rising food prices, trade tensions and social unrest are prompting a rethink of the EU\'s ambitious hopes for running cars and trucks on