Today's Business News:
Big incentive for fuel-efficient vehicle
Stocks decline after huge rally
Morgan Stanley 1Q profit tops estimates
Oil falls on weak demand report
Visa stock soars in market debut
Delta pilots nix arbitration overture
Overseas sales help Nike earnings rise
Mortgage lenders to pump ${dlvDollarSign}200 billion into markets
US retailer investigating claims of poor factory conditions: report
--> Big incentive for fuel-efficient vehicle
Wed, 19 Mar 2008 09:05 pm PDT
AP - The X Prize Foundation, best known for its competitions promoting space
flights,is offering ${dlvDollarSign}10 million to the teams that can produce the most
production-ready vehiclesthat get 100 miles per gallon or more. Full Story Top
Stocks decline after huge rally
Wed, 19 Mar 2008 02:53 pm PDT
AP - Stocks pulled back sharply Wednesday, erasing most of the previous session's biggains as
investors grew concerned about the possibility that banks remain vulnerableto further problems
from soured debt. The Dow Jones industrial average fell nearly300 points after rising 420 on
Tuesday. Full Story Top
Morgan Stanley 1Q profit tops estimates
Wed, 19 Mar 2008 07:15 am PDT
AP - Morgan Stanley, one of the world's biggest investment banks, reported a lower
first-quarterprofit Wednesday but strong stock and bond trading pushed its results above
WallStreet projections. Full Story Top
Oil falls on weak demand report
Wed, 19 Mar 2008 01:42 pm PDT
AP - Oil prices pulled back sharply Wednesday after the government released data
suggestingthat the high price of oil and gasoline are depressing demand for petroleum products.
Full Story Top
Visa stock soars in market debut
Wed, 19 Mar 2008 03:14 pm PDT
AP - Catapulted by the biggest IPO in U.S. history, Visa Inc. shares soared 28
percentin their stock market debut Wednesday as investors bet an accelerating shift to
electronicpayments will enrich the world's largest processor of credit and debit cards. Full Story
Top
Delta pilots nix arbitration overture
Wed, 19 Mar 2008 01:45 pm PDT
AP - Delta Air Lines Inc.'s pilots union rejected Wednesday the idea of submitting
toarbitration with its counterpart at Northwest Airlines Corp. to break their impasseover
integrating seniority lists as part of a possible combination of the carriers. Full Story Top
Overseas sales help Nike earnings rise
Wed, 19 Mar 2008 06:14 pm PDT
AP - Nike Inc.'s third-quarter profit jumped more than 30 percent because of strong
salesoverseas and a weak dollar, the athletic shoe and apparel company said Wednesday. Full Story
Top
Mortgage lenders to pump ${dlvDollarSign}200 billion into markets
Wed, 19 Mar 2008 02:58 pm PDT
Reuters - Two U.S. home financing heavyweights won government approval on Wednesday to
pump${dlvDollarSign}200 billion more into troubled U.S. mortgage markets, the latest step to
stabilizecredit markets and avert a deep recession. Full Story Top
US retailer investigating claims of poor factory conditions: report
Wed, 19 Mar 2008 07:33 pm PDT
AFP - US retailer Banana Republic is investigating claims that factory workers in
Indiathat make its clothes are made to work long hours for little pay under poor conditions,The
Guardian said on Thursday. Full Story Top
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