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Swiss Investment Company Makes Offer for Silverjet

Sunday, 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 Intel

Friday, 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

Dow Drops 300 points as Oil Hits Record, Unemployment Peaks

Friday, June 06, 2008 9:18:00 PM

U.S. stocks dropped on renewed fears the U.S. economy faces stagflation after government data showed the unemployment rate jumped the most in 22 years in May and the price of oil hit a record. Full Story

Paper or Pricey Plastic?

Friday, June 06, 2008 5:33:00 PM

WASHINGTON—You know that flimsy plastic bag the convenience store clerk put your toothpaste in?The price of those bags, though still cheaper than paper ones, is rising fast because of higher natura ... Full Story

Wall Street Drops on Oil, Economy; Dow off 2 Percent

Friday, June 06, 2008 5:24:00 PM

NEW YORK—U.S. stocks extended losses Friday as surging oil prices fueled inflation fears, adding to concerns sparked by a government report that showed the unemployment rate had its sharpest rise in 2 ... Full Story

Oil Surges More Than $10 to Record Over $138

Friday, June 06, 2008 5:15:00 PM

Oil jumped $10 to a record over $138 a barrel on Friday, extending a two-day rally to more than $15 on the slumping U.S. dollar and rising tensions between Israel and Iran. Full Story

U.S. Jobless Rate Leaps to 3-1/2-Year High in May

Friday, June 06, 2008 5:03:00 PM

The U.S. unemployment rate surged to 5.5 percent in May, its highest in more than 3-1/2 years, as the barely growing economy lost jobs for the fifth straight month. Full Story

Verizon Wireless to Buy Alltel in $28.1 Billion Deal

Thursday, June 05, 2008 5:41:00 PM

Verizon Wireless said on Thursday it would buy rural mobile service provider Alltel Corp for $28.1 billion including debt, which would vault it to first place in the U.S. market ahead of AT&T Inc. Full Story

Wind: A Clean and Profitable Energy Source

Wednesday, June 04, 2008 5:38:00 PM

Wind energy is coming to Greensburg, Kan., a town devastated by a tornado with winds as strong as 266 miles per hour last year. Now the city is trying to harness its wind for electricity. Full Story

Bernanke Says Rising Inflation Expectations a Concern

Wednesday, June 04, 2008 5:32:00 PM

CAMBRIDGE, Mass.—U.S. Federal Reserve Chairman Ben Bernanke said on Wednesday policy-makers were concerned by signs of rising long-term inflation expectations but did not see a dangerous wage-price in ... Full Story

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