Top Headlines
Stocks fall on worries about financial sector
Aug 7,2008
Wall Street tumbled Thursday as further troubles in the financial sector, higher unemployment and lackluster retail sales touched off fresh concerns about the economy. The Dow Jones industrials skidded nearly 225 points, while bond prices shot higher as investors once again sought the safety of government debt. Details »
Citigroup returning billions to investors
Aug 7,2008
Citigroup Inc. will buy back more than $7 billion in auction-rate securities and pay $100 million in fines as part of settlements with federal and state regulators, who said the bank marketed the investments as safe despite liquidity risks. Details »
Apparel retailers face tough back-to-school time
Aug 7,2008
With the benefits of their stimulus checks dried up, Americans are focusing even more on necessities like detergent and milk. That's creating big problems for apparel chains at the malls as the important back-to-school shopping season gets under way. Details »
Oil prices rise after Turkish pipeline fire
Aug 7,2008
Oil prices jumped back above $120 a barrel Thursday, halting a steep three-day slide after Kurdish rebels claimed responsibility for a fire at key Turkish pipeline that supplies Western countries. Details »
Jobless claims hit highest point since March 2002
Aug 7,2008
The nation's jobs market sent a fresh cry of distress as the number of newly laid off people unexpectedly hit the highest level in more than six years, a Labor Department report showed Thursday. Details »
EPA denies Texas governor's ethanol waiver request
Aug 7,2008
The Environmental Protection Agency on Thursday denied a request from Texas Gov. Rick Perry to cut the federal ethanol mandate in half for a year. Details »
Bank of America subpoenaed over sale of securities
Aug 7,2008
Bank of America Corp. revealed Thursday that it has received subpoenas and requests for information from various state and federal regulators regarding its sale of auction-rate securities. Details »
Toyota 1Q profit falls on US weakness, strong yen
Aug 7,2008
Toyota said Thursday that its fiscal first-quarter profit plummeted 28 percent, and the automaker stuck to its forecast that full-year profit will fall for the first time in seven years as it faces more problems from the weakening U.S. market. Details »
ECB, BoE leave interest rates unchanged
Aug 7,2008
The European Central Bank and the Bank of England left their benchmark interest rates unchanged Thursday under conflicting pressure from higher inflation and mounting concern about growth. Details »
When the soybean champ speaks, thousands listen
Aug 7,2008
In the soybean world, Kip Cullers is the equivalent of a rock star. Details »
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