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May 13, 2008

Business News

Tuesday May 13

Oil prices drop below $124 a barrel

Oil prices dropped below $124 a barrel on profit-taking Tuesday in Asia after hitting another trading record in the previous session.

Monday May 12

Chinese bourses suspend quake zone firms

Chinese shares fell Tuesday and the country's two stock exchanges suspended trading in 66 companies based in the region hit by a major earthquake in an effort to minimize potential disruptions to financial ...

Monday May 12

Chinese bourses suspend quake zone firms

China's two stock exchanges suspended trading Tuesday in 66 companies based in the region hit by a major earthquake in an effort to minimize potential disruptions to financial markets.

Monday May 12

Australia's St. George Bank agrees to Westpac bid

St. George Bank on Tuesday agreed to an 18.6 billion Australian dollar takeover offer from Westpac Banking Corp.

Monday May 12

1 in 10 boomers borrowing for everyday expenses

The economic downturn is hitting roughly one in 10 middle-aged and older Americans especially hard, compelling them to borrow money for everyday living expenses and to seek help from family, friends or ...

Monday May 12

Former CEO asks AIG to postpone annual meeting

Maurice R. Greenberg, the former chief executive and largest individual shareholder of AIG, says the insurer is 'in crisis' and urged it to postpone its annual meeting in the wake of its massive first-quarter ...

Monday May 12

Old gas pumps can't handle ever-rising prices

Mom-and-pop service stations are running into a problem as gasoline marches toward $4 a gallon: Thousands of old-fashioned pumps can't register more than $3.99 on their spinning mechanical dials.

Monday May 12

Use of wind energy expected to grow dramatically

Two decades from now Americans could get as much electricity from windmills as from nuclear power plants, according to a government report that lays out a possible plan for wind energy growth.

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News anchor's death reveals medicine's limits

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Berkeley counts homeless

“ The homeless problem in California (and elsewhere) is going to get worse. Even if an e...” — Ben

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