Business & Markets News: US

The Bears growl on Wall St.

Reuters — Wed, 02 Jul 2008 22:01:37 +0000

A spike in oil prices finally pushed blue chips to close in bear market territory after hovering near the threshold for three sessions.

Drilling deeper for dollars

Reuters — Tue, 01 Jul 2008 21:54:13 +0000

As oil consumption grows and access to most oil-rich regions becomes increasingly restricted, companies are venturing farther out to sea, drilling deeper than ever in their quest for energy.

Pixar scores with "WALL-E"

Reuters — Mon, 30 Jun 2008 21:45:15 +0000

WALL-E was at the top of the box office on its opening weekend, giving Disney's Pixar its latest number one hit in a string of nine.

Microsoft after Gates

Reuters — Fri, 27 Jun 2008 17:33:23 +0000

Without Gates at the helm, Microsoft must prove it's nimble enough to navigate the future of computing and compete with the likes of Google.

Rough times for real estate

Reuters — Thu, 26 Jun 2008 21:35:23 +0000

Commercial real estate markets around the globe are facing a challenging environment but unlike the housing meltdown the fundamentals remain strong.

Fed holds rates steady

Reuters — Wed, 25 Jun 2008 21:21:48 +0000

US interest rates remain at historic lows, but worries remain about inflation.

Home retailers feel the heat

Reuters — Tue, 24 Jun 2008 18:23:08 +0000

Home furnishings and appliance makers are struggling as consumers slow their spending.

Oil rises despite Saudi pledge

Reuters — Mon, 23 Jun 2008 21:20:07 +0000

Oil prices climbed higher despite a decision by Saudi Arabia to boost output.

Mortgage fraud charges unveiled

Reuters — Thu, 19 Jun 2008 21:31:57 +0000

The FBI unveiled "Operation Malicious Mortgage" and charged more than 400 people with fraud.

Rebate checks may be retail blip

Reuters — Wed, 18 Jun 2008 21:58:46 +0000

American consumers helped drive retail sales higher in the most recent same store sales figures, but analysts don't see a major impact from rebate checks.