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Wall Street Hits A Seven Year Low

Posted: 09/15/2008 - Wall Street dropped precipitously today, with the Dow Jones industrials suffering their worst point drop since 9/11.

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Wendy's, Triac Approve Takeover

Posted: 09/15/2008 - Shareholders of Wendy's and Triarc have approved a 2.3 billion dollar deal to make the nation's No. 3 hamburger chain a part of billionaire investor Nelson Peltz's empire.

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Crude Drops Below $100

Posted: 09/15/2008 - Oil prices have dropped to a seven-month low, now below $100 a barrel.

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New York Allows AIG To Borrow From Subsidiaries

Posted: 09/15/2008 - New York's governor says he will allow American International Group Inc. to use 20 billion dollars in subsidiary company assets to provide the cash needed for the troubled insurer to stay in business.

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Stocks Down, But Not Out

Posted: 09/15/2008 - Stock prices are lower as investors react to the dramatic news of the bankruptcy for Lehman Brothers and the sale of Merrill Lynch.

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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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