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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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CS Considers Water Rate Hikes

Posted: 08/06/2008 - The city of College Station has already asked residents to conserve water. Soon, those who don't could be paying more.

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No Change In Fed Interest Rates

Posted: 08/06/2008 - Federal Reserve policy makers have decided for a second straight meeting to leave the federal funds rate at two percent.

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News Corp 4th-Quarter Earnings Jump 27 Percent

Posted: 08/06/2008 - News Corporation says its fiscal fourth-quarter earnings jumped 27 percent on profit from the sale of assets and higher operating earnings in its film, cable networks and newspaper units.

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Whole Foods 3Q Misses Estimates

Posted: 08/05/2008 - Whole Foods Market Inc. says its third-quarter net income dropped about 30 percent due largely to costs associated with its acquisition of Wild Oats and a tough economy that hurt consumer spending.

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Factory Orders Post Biggest Increase In 6 Months

Posted: 08/04/2008 - The government says orders to U.S. factories shot up at the fastest pace in six months in June, reflecting big increases in petroleum prices and heavy demand for military equipment.

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