| Stocks sank Wednesday as oil breached $123 per barrel, fanning investors’ concerns about the effects of rising prices on already strapped consumers. |
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29 Aug 2008 02:06:13 | By MICHAEL J. de la MERCED | Hexion Specialty Chemicals,Apollo Management LP A proposal by a cadre of Huntsman chemical company shareholders to help close the sale of the company to Hexion Specialty Chemicals was rejected by Hexion.  29 Aug 2008 02:04:22 | By LAURA M. HOLSON | AT&T Corp,iPhone,Apple Inc|AAPL|NASDAQ,Verizon Communications|VZ|NYSE,Wireless Communications The debut of Apple’s iPhone 3G cellphones has been a public relations headache for AT&T, after complaints of dropped calls and poor network connections.  29 Aug 2008 02:03:21 | By LESLIE WAYNE | Conventions, National US,Advertising and Marketing,Politics and Government To most people, the sight of tens of thousands people gathering for conventions may look like political events. But to corporate America, they are marketing opportunities.  29 Aug 2008 01:28:27 | By REUTERS | Novell Incorporated|NOVL|NASDAQ,Company Reports,Software The business software maker Novell posted a quarterly loss but its results were better than expected, helped by an increase in sales of Linux software.  29 Aug 2008 00:04:46 | By THE ASSOCIATED PRESS | Tiffany & Company,Company Reports The jewelry retailer Tiffany said its quarterly profit doubled, beating Wall Street expectations as sales rose by more than 10 percent in Asia and Europe  29 Aug 2008 00:03:56 | By KATE GALBRAITH | Electric Light and Power,Wood and Wood Products The city of Austin, Tex., approved plans for a huge plant that will burn waste wood to make electricity, the latest sign of rising interest in a long-dormant form of renewable energy.  28 Aug 2008 23:57:18 | By THE ASSOCIATED PRESS | Stocks and Bonds,Gross Domestic Product,United States Economy Wall Street stocks rose after a better-than-expected reading on the gross domestic product and a decline in jobless claims reassured investors.  28 Aug 2008 23:10:27 | By VIKAS BAJAJ and TARA SIEGEL BERNARD | Fannie Mae|FNM|NYSE,Freddie Mac|FRE|NYSE,Stock Options and Purchase Plans The employees of Fannie Mae and Freddie Mac are reeling from financial blows as the mortgage finance companies lurch toward what could be a government bailout.  28 Aug 2008 23:09:07 | By STEPHANIE CLIFFORD | Advertising and Marketing,Cable Television,Online Advertising The cable industry has introduced an experimental political channel that gives advertisers a uniform way to buy time and measure the number of people watching.  28 Aug 2008 21:40:46 | By NICK BUNKLEY | Lutz, Robert A,General Motors Corp|GM|NYSE,Automobiles General Motor’s vice chairman, Robert A. Lutz, said the car companies need money to retool their plants but probably cannot raise enough capital on their own.  28 Aug 2008 21:32:14 | By FLOYD NORRIS | Oil Petroleum and Gasoline,Prices Fares, Fees and Rates,Ford, Gerald Rudolph Jr,Energy and Power In 1974, the country had a president who actually wanted to confront the issue of high oil prices and the proposals made then seem highly relevant now.  28 Aug 2008 20:59:27 | By LAURIE J. FLYNN | Dell Inc|DELL|NASDAQ,Company Reports The computer maker’s results surprised investors and caused a sell-off in Dell stock in after-hours trading.  28 Aug 2008 18:59:56 | By REUTERS Flights operated by Zoom Airlines, a low-fare trans-Atlantic carrier, were canceled amid reports the privately held company filed for creditor protection in Canada and Britain.  28 Aug 2008 17:48:20 | By CLIFFORD KRAUSS | Gulf of Mexico,Oil Petroleum and Gasoline,Hurricanes and Tropical Storms Oil producers and refiners began halting production and evacuating workers from facilities in the Gulf of Mexico, anticipating that Tropical Storm Gustav could pick up speed.  28 Aug 2008 17:27:19 | By DAVID BARBOZA | Politics and Government,Embezzlement,China A report from China’s top auditor says that ten central government departments “misused or embezzled” more than $660 million last year.  28 Aug 2008 17:19:23 | By THE ASSOCIATED PRESS The appeals court said the federal government interfered with KPMG’s practice of providing legal assistance to its employees by pressuring KPMG to limit or end the practice.  28 Aug 2008 16:59:22 | By JENNY ANDERSON and ERIC DASH | Lehman Brothers Holdings Inc|LEH|NYSE,Layoffs and Job Reductions The ailing Wall Street bank plans to lay off as many as 1,500 employees, or nearly 6 percent of its work force, before it announces third-quarter results on Sept. 15.  28 Aug 2008 14:09:22 | By MICHAEL M. GRYNBAUM Gross domestic product increased at a 3.3 percent annual rate in the quarter, the government said. The revised reading was much better than its initial estimate of a 1.9 percent pace.  28 Aug 2008 13:38:42 | By THE ASSOCIATED PRESS The retailer also delivered a downbeat outlook, predicting that its sales and gross profit margins will continue to be pressured amid a difficult economic environment.  28 Aug 2008 13:35:06 | By REUTERS The bank cited better results in its financial markets and retail banking units, as well as a gain on the merger of Canada’s derivatives and stock-exchange operators. 
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