http://business.thedave.net/ News for business. en-us Wed, 19 Nov 2008 01:12:04 e Wed, 19 Nov 2008 01:12:04 e 30 http://business.thedave.net/news/1055/Pearlstein__The_Bailout_for_Detroit business Washington Post columnist Steven Pearlstein will be online to discuss the automotive bailout' Wed, 19 Nov 2008 10:00:00 e http://business.thedave.net/news/1055/Pearlstein__The_Bailout_for_Detroit http://business.thedave.net/news/1502/FTSE_seen_opening_higher business LONDON (Reuters) - The FTSE 100 is seen opening between 3 points lower and 7 points higher by financial bookmakers on Wednesday after a late rally saw it close 1'9 percent higher at 4,208'55 on Tuesday' Wed, 19 Nov 2008 00:51:45 e http://business.thedave.net/news/1502/FTSE_seen_opening_higher http://business.thedave.net/news/1506/Woolworths_in_talks_on_1_pound_retail_sale business LONDON (Reuters) - Sweets-to-CDs retailer Woolworths is in talks about a sale of its high street business for a nominal 1 pound to Hilco, a company turnaround specialist, The Times newspaper reported on Wednesday' Wed, 19 Nov 2008 00:42:57 e http://business.thedave.net/news/1506/Woolworths_in_talks_on_1_pound_retail_sale http://business.thedave.net/news/1951/Asian_markets_fall_on_gloomy_earnings_outlook business BANGKOK, Thailand (AP) -- Most Asian markets slid into the red Wednesday, ignoring gains on Wall Street overnight, as demand for commodities continued to wilt and financial firms reported weak earnings, reinforcing pervasive gloom about the global economy'''' Wed, 19 Nov 2008 00:40:22 e http://business.thedave.net/news/1951/Asian_markets_fall_on_gloomy_earnings_outlook http://business.thedave.net/news/1508/Marks___Spencer_reported_to_hold_one_day_20_percent_off_sale business LONDON (Reuters) - Marks & Spencer Group, will hold a 'one-day 20 percent off sale' on Wednesday to stimulate flagging revenue, The Financial Times newspaper reported' Wed, 19 Nov 2008 00:36:48 e http://business.thedave.net/news/1508/Marks___Spencer_reported_to_hold_one_day_20_percent_off_sale http://business.thedave.net/news/1510/Washington_debates_bailout_as_IMF_sees_real_crisis business WASHINGTON (Reuters) - The U'S' Treasury defended its handling of the financial bailout on Tuesday as American banking and auto woes reverberated around the globe and the International Monetary Fund said it would need extra funding to help countries through the downturn' Wed, 19 Nov 2008 00:24:32 e http://business.thedave.net/news/1510/Washington_debates_bailout_as_IMF_sees_real_crisis http://business.thedave.net/news/2732/Insituform_Revamps_In_North_America__Pares_35_Positions business Insituform Revamps In North America, Pares 35 Positions Wed, 19 Nov 2008 00:23:00 e http://business.thedave.net/news/2732/Insituform_Revamps_In_North_America__Pares_35_Positions http://business.thedave.net/news/2363/Boeing_to_delay_jet_deliveries__report business (Reuters) - Plane maker Boeing Co is reworking its entire production schedule, adding up to 10 weeks to original delivery dates for all 3,734 jetliners in its order backlog as it tries to recover from a machinists' strike, the Wall Street Journal said, citing people familiar with the situation' Wed, 19 Nov 2008 00:02:08 e http://business.thedave.net/news/2363/Boeing_to_delay_jet_deliveries__report http://business.thedave.net/news/2366/Oil_steady_above__54__eyes_on_U_S__stocks_data business SINGAPORE (Reuters) - Oil prices were little changed above $54 a barrel on Wednesday ahead of data expected to show U'S' crude stocks rose last week, another sign that the global economic slump is clipping fuel demand' Tue, 18 Nov 2008 23:58:42 e http://business.thedave.net/news/2366/Oil_steady_above__54__eyes_on_U_S__stocks_data http://business.thedave.net/news/2362/U_S__auto_execs_plead_for_Congress_to_fund_bailout business WASHINGTON (Reuters) - U'S' auto executives warned Congress on Tuesday that their industry was teetering on the brink of disaster as they pleaded for a $25 billion aid package despite political opposition to another multibillion-dollar government bailout' Tue, 18 Nov 2008 23:40:00 e http://business.thedave.net/news/2362/U_S__auto_execs_plead_for_Congress_to_fund_bailout http://business.thedave.net/news/1950/Consumers_may_get_ray_of_good_news__lower_prices business WASHINGTON (AP) -- American consumers hit by a seemingly endless stream of bad news, from vanishing jobs to shrinking retirement accounts, may be in for a small dose of relief: lower prices at stores'''' Tue, 18 Nov 2008 23:33:41 e http://business.thedave.net/news/1950/Consumers_may_get_ray_of_good_news__lower_prices http://business.thedave.net/news/2365/Non_residential_construction_index_falls__AIA business NEW YORK (Reuters) - A forward-looking index of U'S' nonresidential construction activity fell to the lowest level in its 13-year history last month as spending slumped on healthcare and educational facilities, an architects' trade group said on Wednesday' Tue, 18 Nov 2008 23:28:22 e http://business.thedave.net/news/2365/Non_residential_construction_index_falls__AIA http://business.thedave.net/news/2368/Lawmakers__Treasury_lock_horns_on_foreclosures business WASHINGTON (Reuters) - Treasury Secretary Henry Paulson and members of Congress clashed on Tuesday over the best use for the $700-billion financial bailout fund, with lawmakers demanding money to stem a national wave of mortgage foreclosures' Tue, 18 Nov 2008 23:13:45 e http://business.thedave.net/news/2368/Lawmakers__Treasury_lock_horns_on_foreclosures http://business.thedave.net/news/1949/Big_3_carmakers_beg_for__25B__warn_of_catastrophe business WASHINGTON (AP) -- Detroit's Big Three automakers pleaded with a reluctant Congress Tuesday for a $25 billion lifeline to save the once-proud titans of U'S' industry, pointedly warning of a national economic catastrophe should they collapse'''' Tue, 18 Nov 2008 23:04:00 e http://business.thedave.net/news/1949/Big_3_carmakers_beg_for__25B__warn_of_catastrophe http://business.thedave.net/news/331/Jobless_N_Y__Man_Dons_Sandwich_Board business After nine fruitless months of looking for work, Paul Nawrocki turned to a Depression-era tactic to find a job' The 59-year-old has been walking the sidewalks of Manhattan wearing a suit, a tie, and a large signs that reads, 'Almost homeless'' Tue, 18 Nov 2008 23:00:02 e http://business.thedave.net/news/331/Jobless_N_Y__Man_Dons_Sandwich_Board http://business.thedave.net/news/1062/Answers_Trickle_Out_as_Spammer_Networks_Remain_Compromised business At about 4:30 p'm' Eastern time last Tuesday, the volume of junk e-mail arriving at inboxes around the world suddenly plummeted by about 65 percent' Confronted with information that one Silicon Valley computer firm was hosting organizations that controlled the distribution of much of the world's''' Tue, 18 Nov 2008 23:00:00 e http://business.thedave.net/news/1062/Answers_Trickle_Out_as_Spammer_Networks_Remain_Compromised http://business.thedave.net/news/1061/Yahoo_Searching_for_New_CEO_and_an_Identity business The day after Yahoo announced the imminent departure of chief executive and co-founder Jerry Yang, the stock market applauded' Tue, 18 Nov 2008 23:00:00 e http://business.thedave.net/news/1061/Yahoo_Searching_for_New_CEO_and_an_Identity http://business.thedave.net/news/1056/Automakers_Press_High_Stakes_Plea_for_Aid business The chieftains of Detroit's Big Three automakers made a desperate appeal to skeptical lawmakers yesterday for $25 billion in emergency loans to forestall the possible collapse of the domestic auto industry, offering to cut their own salaries in exchange for government aid' Tue, 18 Nov 2008 23:00:00 e http://business.thedave.net/news/1056/Automakers_Press_High_Stakes_Plea_for_Aid http://business.thedave.net/news/1060/China_Tops_Japan_in_U_S__Debt_Holdings business China passed Japan to become the U'S' government's largest foreign creditor in September, the Treasury Department announced yesterday, reflecting the dramatic expansion of Beijing's economic influence over the American economy' Tue, 18 Nov 2008 23:00:00 e http://business.thedave.net/news/1060/China_Tops_Japan_in_U_S__Debt_Holdings http://business.thedave.net/news/1059/Obama_s_Voice_of_Reason_Puts_Automakers_on_the_Road_to_Rescue business Even before being sworn in, Barack Obama has confronted his first big test as president and passed it with flying colors' Tue, 18 Nov 2008 23:00:00 e http://business.thedave.net/news/1059/Obama_s_Voice_of_Reason_Puts_Automakers_on_the_Road_to_Rescue