Dire Straits 05/17/2008
CHICAGO - Danielle Brown stands outside a South Side market at midnight, braving the spring chill for her first chance to buy groceries since her food stamps ran out nearly two weeks ago.
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Paulson: Financial markets ‘calmer’ 05/17/2008
WASHINGTON - Treasury Secretary Henry Paulson said Friday that financial markets are "considerably calmer" now than they were two months ago. He predicted the economy will be rebounding by the second half of this year.
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Wall Street ends week modestly 05/17/2008
NEW YORK - Wall Street capped a week of big gains with modest moves Friday as investors grappled with surging energy prices that overshadowed news of a surprise increase in home construction.
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Oil prices hit new record despite increased Saudi output 05/17/2008
NEW YORK - News that Saudi Arabia had boosted its oil output by 300,000 barrels a day was greeted as a non-event on oil markets - the move wasn't anywhere near the kind of production increase needed to bring prices down on Friday.
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Mutiny for the Bounty 05/16/2008
SAN FRANCISCO - Yahoo Inc. Chief Executive Jerry Yang spent months fending off Microsoft Corp.'s unsolicited takeover bid. Now he may only have a few weeks to persuade the software maker to revive its last offer of $47.5 billion, or risk being fired in a shareholder mutiny led by activist investor Carl Icahn.
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Beazer reports big losses 05/16/2008
ATLANTA - Beazer Homes USA Inc. said Thursday its loss widened in its fiscal second quarter as sales fell by half.
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Stocks jump as oil drops 05/16/2008
NEW YORK - The stock market notched its second straight daily advance Thursday, with investors assuaged by a pullback in oil prices and some better-than-expected economic data.
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Investment firms borrowing fairly steadily 05/16/2008
WASHINGTON - Wall Street investment companies are borrowing from the Federal Reserve's emergency lending program at a fairly steady pace.
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Too little, too late 05/15/2008
LOS ANGELES - More U.S. homeowners fell behind on mortgage payments last month, driving the number of homes facing foreclosure up 65 percent versus the same month last year and contributing to a deepening slide in home values, a research company said Tuesday.
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Delta pilots OK contract revisions 05/15/2008
ATLANTA - Delta Air Lines Inc. pilots voted overwhelmingly in favor of changes to their contract that will give them pay raises, an equity stake and other benefits, but also will give management more leeway as part of a proposed combination with Northwest Airlines Corp.
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