That’s a Wrap 05/18/2008
DEWITT, N.Y. - Jennifer Marsh was sick of paying high gas prices and bothered by the abandoned gas station that was an eyesore on the drive to her studio each day.
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American Axle, UAW reach deal 05/18/2008
DETROIT - American Axle and Manufacturing Holdings Inc. boosted its wage offer and increased the payments it will give workers to take a wage cut as part of a tentative agreement that could settle an 11-week strike by the United Auto Workers union, a person briefed on the deal said Saturday.
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Brazil’s illegal logging proves hard to combat 05/18/2008
TAILANDIA, Brazil - Federal agents swooped in to close sawmills and confiscate wood in a government crackdown on illegal logging less than three months ago.
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GE confirms plans to exit appliance business 05/18/2008
NEW HAVEN, Conn. - General Electric Co. plans to sell or spin off the business that for a century has put appliances in American homes, a decision that could presage further asset sales, analysts said.
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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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