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Billionaire Icahn May Run Yahoo Proxy Battle
Tuesday, May 13, 2008 9:55:00 PM
Billionaire investor Carl Icahn is considering mounting a proxy campaign to replace Yahoo Inc board members after the company failed to reach a deal to merge with Microsoft Corp.   Full Story
 

Airbus Hit by New A380 Delivery Delay
Tuesday, May 13, 2008 5:15:00 PM
FRANKFURT/PARIS—Aircraft maker Airbus announced another delay in deliveries of its A380 superjumbo on Tuesday, deepening the woes of Europe's biggest industrial project and risking further penalti ...   Full Story
 

U.S. Gasoline and Diesel Prices Soar to Records, EIA Reports
Tuesday, May 13, 2008 5:10:00 PM
WASHINGTON—U.S. drivers dug deeper into their pockets to fill up at the pump, as the average price for gasoline skyrocketed 10.9 cents over the last week to a record of $3.72 a gallon, the federal Ene ...   Full Story
 

Citigroup Aims to Shed $400 Billion of Assets
Saturday, May 10, 2008 5:20:00 PM
NEW YORK—Citigroup Inc said on Friday it plans to shed $400 billion of assets within three years and boost revenue by up to 10 percent annually, in a bid to restore profitability after huge losses tie ...   Full Story
 

Record Oil, Credit Worries Dog Global Stocks
Friday, May 09, 2008 9:15:00 PM
NEW YORK—Oil's relentless surge to new highs Friday and a record $7.8 billion loss at AIG, the world's largest insurer, rekindled concerns that the bite from a credit crunch is not over, dragg ...   Full Story
 

U.S. Shoppers Went for Bargains in April Rebound
Thursday, May 08, 2008 5:39:00 PM
NEW YORK—U.S. retail sales rebounded in April after the worst March in 13 years, as warmer weather boosted demand for spring and summer apparel, while most discounters shined as cash-strapped consumer ...   Full Story
 

GM Offers $200 Million in Bid to End Axle Strike
Thursday, May 08, 2008 5:29:00 PM
DETROIT—General Motors Corp Thursday has offered American Axle & Manufacturing Holdings $200 million in a bid to clinch a speedy resolution of a strike against a key supplier that has run for more tha ...   Full Story
 

BoE Leaves UK Rates at 5 Percent, Cut Seen Next Month
Thursday, May 08, 2008 5:23:00 PM
The Bank of England held interest rates at 5.0 percent on Thursday, but most experts predict a cut next month to shore up the economy in the face of a global credit crunch.   Full Story
 

FTSE Lays Low After BoE; Unilever, Next Shine
Thursday, May 08, 2008 5:12:00 PM
Britain's blue-chip index remained weak on Thursday after the Bank of England left interest rates unchanged, with banks dragging against the backdrop of a flurry of well-received company results.   Full Story
 

Panel Report Muddies Canadian Oil Sands Court Case
Thursday, May 08, 2008 6:10:00 AM
CALGARY, Alberta—A regulatory panel has explained its environmental approval of Imperial Oil Ltd's Kearl oil sands project, casting uncertainty on a court hearing that began on Wednesday into a su ...   Full Story
 

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