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Ike Destroys Numerous Gulf Platforms

Updated: 09/14/2008 - Federal officials say it appears Hurricane Ike destroyed a number of production platforms and damaged some of the pipelines in the Gulf of Mexico.

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Former UnitedHealth CEO Settles Options Lawsuit

Posted: 09/10/2008 - Former UnitedHealth Group Chief Executive William McGuire will pay 30 million dollars and return more than 3 million shares of stock options to settle a class-action lawsuit.

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Billions To Be Shared By Enron Shareholders

Posted: 09/09/2008 - A federal judge has approved a plan to distribute more than $7.2 billion recovered as part of a lawsuit by Enron Corp. shareholders and investors in connection with the company's collapse.

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Fed: Consumer Borrowing Weakest In 7 Months

Posted: 09/09/2008 - As Americans cut back on their car purchases at the peak of the spike in oil prices, borrowing by consumers saw the weakest showing in seven months.

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Wilmington, NC Becomes The First To Go Digital

Posted: 09/09/2008 - It is serving as the proverbial canary in a coal mine. Wilmington, North Carolina yesterday became the first market in the country to transition over to digital-only commercial broadcasting.

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United Cites False Rumor For Stock Drop

Posted: 09/08/2008 - An old story about United Airlines' 2002 bankruptcy filing today resurfaced on a newspaper Web site, decimating the airline's shares before trading was halted.

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Altria Buying UST

Posted: 09/08/2008 - Making a bigger bet on smokeless tobacco, Altria Group says it will buy the maker of Skoal and Copenhagen for about 10.3 billion dolllars.

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GM Recalling 300,000 HHR SUVs To Fix Storage Bin

Posted: 09/08/2008 - General Motors is recalling about 300,000 Chevrolet HHR sport utility vehicles in the United States to fix a storage bin door that failed to remain closed during government testing.

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OPEC Ministers Hear Calls For Production Cuts

Posted: 09/08/2008 - Senior oil officials from Iran and Libya say there is too much crude on global oil markets, reflecting on the slide in crude prices seen since mid-July.

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Government Takes Over Mortgage Giants

Posted: 09/07/2008 - The Bush administration, acting to avert the potential for major financial turmoil, says the federal government was taking control of mortgage giants Fannie Mae and Freddie Mac.

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Crude's Decline Continues

Posted: 09/03/2008 - Oil prices are lower as traders focus on slowing demand for crude.

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SEC Accuses 2 Brokers Of $1B Subprime Fraud

Posted: 09/03/2008 - Federal regulators are accusing two Wall Street brokers of defrauding their customers by making more than $1 billion in unauthorized purchases of securities tied to subprime mortgages.

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Factory Orders See Wide Gains Led By Aircraft

Posted: 09/03/2008 - The government says orders to U.S. factories rose by a larger-than-expected amount in July as demand for commercial aircraft, heavy machinery and iron and steel all posted solid gains.

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Shares Rise On Takeover Talk

Posted: 09/02/2008 - Shares of Wall Street's Lehman Brothers Holdings are up 3 percent at midday.

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Crude Price Down Sharply On Gustav Relief

Posted: 09/02/2008 - Oil prices have dropped to the lowest level in five months. Benchmark crude is within sight of $100 a barrel on signs that Hurricane Gustav only grazed U.S. energy infrastructure in the Gulf of Mexico.

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