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Companies Bid Millions To Tap Western Gulf

Posted: 08/20/2008 - Energy companies have placed $487.3 million in winning bids for the right to drill in the western Gulf of Mexico, knowing that they may get a chance later to also explore in other areas that have been off limits for decades.

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EA: Won't Extend Deadline For Take-Two Tender Offer

Posted: 08/18/2008 - Video game publisher Electronic Arts says it will not extend a deadline tonight for its 2 billion dollar tender offer to buy smaller rival Take-Two Interactive Software.

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Stocks See Modest Gains

Posted: 08/15/2008 - Stocks have seen modest gains in quiet trading so far today.

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Cox ToSsell Austin, Waco Newspapers

Posted: 08/13/2008 - Cox Enterprises today announced plans to sell its Austin and Waco newspapers and several other smaller papers.

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Crude Price Rises

Posted: 08/13/2008 - Oil prices have rebounded, rising above $114 a barrel.

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Stocks Down For Second Straight Day

Posted: 08/13/2008 - Wall Street is seeing losses for a second straight session. The Dow has been down in triple-digit fashion.

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Japan's Economy Shrinks In Second Quarter

Posted: 08/13/2008 - Japan's gross domestic product contracted in the second quarter as the world's second largest economy succumbed to high oil prices and the prospects of a global slowdown.

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Fed Holds First Auction For 84-Day Loans

Posted: 08/12/2008 - Working to combat the credit crisis, the Federal Reserve has auctioned another 25 billion dollars in loans to the nation's banks, giving them more time to pay the money back.

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Oil Extends Slide

Posted: 08/11/2008 - Crude prices have edged below $114 a barrel in New York for the first time since early May.

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Verizon, 2 Unions Announce 3-Year Contracts

Verizon

Posted: 08/11/2008 - Telecommunications company Verizon and two unions say they've agreed on new contracts, avoiding a Monday morning strike by 65,000 workers.

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Airports Brace For Fewer Flights, Passengers

Airplane

Posted: 08/11/2008 - Airlines are cutting flights under the pressure of rising fuel costs, and that means fewer passengers and less money from parking and food concessions at Dallas-Fort Worth International Airport.

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NY Attorney General Settles For $7B With Citigroup

Posted: 08/07/2008 - New York Attorney General Andrew Cuomo says he's reached a settlement worth more than 7 billion dollars with Citigroup that requires the company to buy back auction-rate securities from about 40,000 customers nationwide.

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