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Business News - Business, Finance, Economy


Airbus Chief Slams Insider 'Show Trial'
Sunday, July 13, 2008 9:50:00 PM
The head of jetmaker Airbus criticised a French probe into suspected insider trading at parent EADS, branding it a "show trial".   Full Story

U.S. Seizes IndyMac as Financial Troubles Spread
Sunday, July 13, 2008 5:32:00 PM
U.S. banking regulators swooped in to seize mortgage lender IndyMac Bancorp Inc on Friday after withdrawals by panicked depositors led to the third-largest banking failure in U.S. history.   Full Story

Satellite Company Lies About Shutdown of TV Station, Says Recording
Saturday, July 12, 2008 9:40:00 PM
On June 16, when Eutelsat took New Tang Dynasty Television off the air, the satellite company claimed that it was due to a power supply "anomaly" on its W5 satellite and that the source of the anomaly ...   Full Story

Two in Three Americans Say Harder to Get Mortgage, Says Survey
Saturday, July 12, 2008 9:10:00 PM
Two in three Americans say it has become more difficult to obtain mortgages, reflecting how lenders have made it tougher to obtain credit as housing prices tumble and capital markets tighten.   Full Story

Wall St Brokers Face Fannie, Freddie Worries
Saturday, July 12, 2008 5:32:00 PM
Worries that the government may nationalize struggling mortgage finance giants Fannie Mae and Freddie Mac created yet another source of problems for beleaguered U.S. banks and brokers.   Full Story

No U.S. Rating Risk Yet From Fannie, Freddie, Credit Agencies Say
Friday, July 11, 2008 6:51:00 PM
While the Bush economic team discussed ways to help Freddie Mac and Fannie Mae, major credit agencies said a government takeover would not necessarily trigger a rating downgrade.   Full Story

Stocks, Dollar Slump on Fannie, Freddie Jitters
Friday, July 11, 2008 5:32:00 PM
NEW YORK—Fears about the worsening health of the two largest U.S. mortgage finance companies slammed global stocks and the dollar on Friday spurred by a report of a possible government takeover that c ...   Full Story

BoE Meets UK Banks, Liquidity Plan Not Discussed
Friday, July 11, 2008 5:30:00 PM
Leading British commercial banks met the Bank of England on Friday to discuss treasury issues, but expanding a plan to swap their mortgage assets for funds was not discussed, the central bank said.   Full Story

Oil Hits Record Near $147 as Supply Fears Intensify
Friday, July 11, 2008 5:20:00 PM
LONDON—Oil leapt $5 to a new record high near $147 a barrel on Friday, spurred by growing worries of threats to supplies from Iran and Nigeria and the possibility of a strike by Brazilian oiRl workers ...   Full Story

Oil Pulls Out of Nose-Dive as U.S. Supplies Drop
Wednesday, July 09, 2008 7:18:00 PM
NEW YORK—Oil pulled out of a steep two-day slide to gain a penny on Wednesday after a U.S. government report showed a big drawdown in nationwide crude inventories and OPEC-member Iran conducted missil ...   Full Story

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