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Business News - Business, Finance, Economy
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Oil Falls $3 on Demand Worries, Dollar ReboundTuesday, June 10, 2008 9:21:00 PM Oil fell sharply on Tuesday after the U.S. Federal Reserve signaled it was taking aim at inflation, triggering a rebound in the U.S. dollar and a sell-off across commodities markets. Full Story
BoE's King Says Crisis Not Over, Offers No SuccourTuesday, June 10, 2008 5:43:00 PM LONDON—The financial market crisis is not over, Bank of England Governor Mervyn King warned on Tuesday, as yet more data pointed to Britain's housing market and wider economy suffering a long and ... Full Story
London Tops List of Global Financial CentresTuesday, June 10, 2008 5:40:00 PM London is the most influential financial centre in the world for the second year running, according to MasterCard's second annual survey. Full Story
Wall Street Falls on Bernanke Warning, TechsTuesday, June 10, 2008 5:39:00 PM U.S. stocks fellTuesday as investors worried that interest rates may be headed back up after Federal Reserve Chairman Ben Bernanke said that the central bank would strongly resist rising inflation. Full Story
Most World Stock Markets to End 2008 in RedTuesday, June 10, 2008 5:28:00 PM LONDON—Global stock markets will not be able to overcome a lethal mix of rising inflation and a spill-out from the global credit crisis this year, with most indexes likely to end 2008 with annual loss ... Full Story
Lehman Posts $2.8 Billion Loss, Seeks $6 BillionMonday, June 09, 2008 9:30:00 PM LONDON — U.S. investment bank Lehman Brothers is raising $6 billion to shore up capital after another big loss, rattling bank investors just as a UK rival completed a record fundraising.Lehman said ... Full Story
U.S. Gas Rises Above $4 a Gallon for First TimeMonday, June 09, 2008 5:30:00 PM LOS ANGELES—The U.S. average price for a gallon of regular gasoline topped $4 for the first time, a survey issued on Sunday by the travel group AAA showed.AAA's survey showed a national average ... Full Story
Swiss Investment Company Makes Offer for SilverjetSunday, June 08, 2008 9:30:00 PM A Swiss investment company said on Sunday it had made an offer to buy and relaunch Britain's business class-only airline Silverjet which collapsed last month. Full Story
U.S. FTC Launches Antitrust Probe of IntelFriday, June 06, 2008 9:36:00 PM WASHINGTON/SAN FRANCISCO—The world's leading semiconductor maker Intel Corp faces a formal investigation by the U.S. Federal Trade Commission after fighting similar antitrust probes in Europe and ... Full Story
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