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May 9, 2008
Current Business News Making Headlines

Stocks decline as AIG reveals need for cash, oil surges
2008-05-09 - Stocks decline after AIG reports massive loss and cash needs; oil extends record climb

Asset sales boost Clear Channel profit; Deal still in limbo
2008-05-09 - Radio broadcaster Clear Channel profit climbs on asset sales, results flat from operations

Gas jumps above $3.67, oil passes $126 on Venezuela concerns
2008-05-09 - Gas pushses above $3.67 a gallon, while oil passes $126 on Venezuela supply concerns

Clear Channel profit surges, income flat from continuing ops
2008-05-09 - Radio broadcaster Clear Channel profit climbs on gains, earnings flat from continuing ops

Icahn prepared to buy Circuit City if Blockbuster can't
2008-05-09 - Icahn prepared to buy Circuit City if Blockbuster cannot get financing, shareholder approval

Citigroup to shed $500B in assets
2008-05-09 - Citigroup sets plan to shed $500 billion in assets, grow revenue as part of new structure

China producer price index up 8.1 pct
2008-05-09 - China producer price index up 8.1 percent in April; vice premier vows to fight inflation

Stocks open lower as AIG reveals need for cash, oil surges
2008-05-09 - Stocks open lower after AIG reports massive loss and cash needs; oil extends record climb

Oil surpasses $126 per barrel ahead of US driving season
2008-05-09 - Oil prices eclipse $126 a barrel before US driving season as investors flee the dollar

Diageo brews Irish Guinness overhaul
2008-05-09 - Diageo to overhaul Irish breweries, pare back iconic Guinness plant in Dublin

» Archived Business and Finance Coverage

2008-05-09 - March trade deficit drops by bigger-than-expected amount ( 08:24:28 )
2008-05-09 - Citigroup targeting 9 percent revenue growth ( 08:02:00 )
2008-05-09 - German insurer Allianz 1Q net profit falls 65 percent ( 06:34:46 )
2008-05-09 - Clear Channel Communications reports profit, revenue jump ( 06:28:29 )
2008-05-09 - Stock head for lower open after AIG reveals need for cash ( 06:28:23 )
2008-05-09 - Housing aid bill faces veto by President Bush ( 05:56:58 )
2008-05-09 - Dollar falls against euro on ECB interest rate signals ( 05:45:38 )
2008-05-09 - Oil approaches $125 per barrel ( 04:58:37 )
2008-05-09 - Gates: Microsoft shifts focus after Yahoo deal collapses ( 04:25:09 )
2008-05-09 - Japanese shares drop on Toyota outlook ( 04:15:34 )
2008-05-09 - Rain comes to western Texas just in time for cotton planting ( 04:12:21 )
2008-05-09 - China producer price index up 8.1 percent in April ( 01:32:39 )
2008-05-09 - Japan Airlines reduces losses in latest quarter ( 00:17:11 )
2008-05-08 - Oil prices hold above $124 a barrel in Asian trade ( 23:07:17 )
2008-05-08 - Survey says executives see oil prices falling ( 23:05:45 )
2008-05-08 - Chrysler unleashes Dodge Challenger into an uncertain market ( 22:59:35 )
2008-05-08 - Western states rebuff plan for Italian nuclear waste in Utah ( 22:57:01 )
2008-05-08 - GM buys its Detroit headquarters for $626 million ( 22:41:16 )
2008-05-08 - Google execs hope for long-term ad deal with Yahoo ( 18:53:34 )
2008-05-08 - Wachovia separates chairman, CEO positions ( 17:59:45 )
2008-05-08 - Business Highlights ( 17:16:30 )
2008-05-08 - Stocks rise modestly even as oil extends record high run ( 16:53:51 )
2008-05-08 - Rice futures jump on worries over Myanmar supply; Oil jumps ( 16:32:35 )
2008-05-08 - AIG posts 1Q loss of $7.8B, plans to raise $12.5B in capital ( 16:32:31 )
2008-05-08 - GM to pay up to $200M to help end American Axle strike ( 14:58:51 )
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