Daily News Digest: Business News

Today's Business News:

Stocks cap volatile week with big gains
Reports suggest economy weakening more
Leery lenders demand more from borrowers
Starbucks ordered to pay back tips
Investment firms tap Fed for billions
Airwaves auction winners named
Palm 3Q earnings below expectations
Wall St surges on hopes of easing credit crunch
Borders explores sale, suspends dividend
--> Stocks cap volatile week with big gains
Thu, 20 Mar 2008 03:45 pm PDT
AP - Wall Street capped a week of remarkable volatility with a big advance Thursday thatleft
stocks higher for the week but didn't silence all of investors' concerns aboutthe economy and the
financial system. Full Story Top
Reports suggest economy weakening more
Thu, 20 Mar 2008 11:21 am PDT
AP - A rise in jobless claims and a drop in a key forecasting gauge provided the
latestevidence that the U.S. economy is faltering and may be slipping into recession. Full Story
Top
Leery lenders demand more from borrowers
Thu, 20 Mar 2008 05:37 pm PDT
AP - Just when consumers and the U.S. economy need banks to lend more freely, the
mortgageindustry is making it harder to borrow — even for those with good credit. Full Story
Top
Starbucks ordered to pay back tips
Thu, 20 Mar 2008 07:05 pm PDT
AP - A Superior Court judge on Thursday ordered Starbucks Corp. to pay its Californiabaristas
more than ${dlvDollarSign}100 million in back tips and interest that the coffee chain paidto shift
supervisors. Full Story Top
Investment firms tap Fed for billions
Thu, 20 Mar 2008 02:03 pm PDT
AP - Big Wall Street investment companies are taking advantage of the Federal
Reserve'sunprecedented offer to secure emergency loans, the central bank reported Thursday. Full
Story Top
Airwaves auction winners named
Thu, 20 Mar 2008 06:52 pm PDT
AP - The two largest cell phone companies dominated bidding in a record-setting
governmentairwaves auction, according to results released Thursday. Full Story Top
Palm 3Q earnings below expectations
Thu, 20 Mar 2008 05:43 pm PDT
AP - Palm Inc. posted a third-quarter loss as the troubled smart phone maker's productlineup
struggled against Apple Inc.'s iPhone and Research In Motion Ltd.'s BlackBerrys. Full Story Top

Wall St surges on hopes of easing credit crunch
Thu, 20 Mar 2008 01:38 pm PDT
Reuters - Stocks jumped on Thursday, capping a tumultuous week, on optimism that
giving FannieMae and Freddie Mac a bigger role in the mortgage market will ease a credit
crunchthat claimed Bear Stearns (BSC.N) as its biggest victim. Full Story Top
Borders explores sale, suspends dividend
Thu, 20 Mar 2008 02:27 pm PDT
Reuters - Book retailer Borders Group Inc (BGP.N) on Thursday suspended its quarterly
dividendand said it may sell itself, sending its shares down as much as 44 percent to a newlow.
Full Story Top

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