975 - Ezrock - Business News

U.S. advertising group opposes Yahoo-Google pact

Mon, 08 Sep 2008 02:41:28 +0000

SAN FRANCISCO - A group representing big-spending advertisers said Sunday it sent a letter to the U.S. Justice Department asserting an online ad partnership between Yahoo Inc. and Google Inc. will sti...

Gulf oil and gas producers give Ike a serious look

Sun, 07 Sep 2008 21:49:24 +0000

NEW YORK - Efforts to bring oil and gas production back online in the Gulf of Mexico slowed Sunday as hurricane Ike barrelled toward the U.S. energy complex, likely to be the second hurricane to slam ...

Bush says takeover of mortgage giants necessary because of unacceptable risk

Sun, 07 Sep 2008 21:27:26 +0000

WASHINGTON - U.S. President George W. Bush says the historic government takeover of mortgage giants Fannie Mae and Freddie Mac is necessary because of the "unacceptable risk" that they can longer oper...

Protests at Tata plant producing the world's cheapest car end

Sun, 07 Sep 2008 21:27:21 +0000

CALCUTTA, India - Protests that halted production at a plant in India building the world's cheapest car were called off after the local government promised Sunday to compensate angry farmers. The f...

U.S. government takes control of ailing Fannie Mae and Freddie Mac

Sun, 07 Sep 2008 21:27:27 +0000

WASHINGTON - The U.S. administration seized control Sunday of troubled mortgage giants Fannie Mae and Freddie Mac, aiming to stabilize the housing market turmoil that is threatening financial markets ...

OPEC to consider cutting oil production to prop up crude price

Sun, 07 Sep 2008 18:55:13 +0000

VIENNA, Austria - With oil prices off nearly 30 per cent from their highs of almost $150 a barrel, OPEC oil ministers are considering what was unthinkable just a few weeks ago - cutting back output to...

TSX likely in for further losses as investors lose confidence in economy

Sun, 07 Sep 2008 17:58:52 +0000

TORONTO - Investors should be prepared for further losses on the Toronto stock market, even as its main index tumbled a stomach-churning 6.6 per cent last week on investor realization that a widesprea...

Operator says Dubai oil rig remains shuttered after helicopter crash

Sun, 07 Sep 2008 17:34:11 +0000

DUBAI, United Arab Emirates - The operator of the oil rig involved in last week's deadly helicopter accident off the Dubai coast said production remained halted on the platform Sunday. The rig serv...

Tories seek to turn economic weakness into electoral strength

Sun, 07 Sep 2008 16:32:47 +0000

OTTAWA - Suddenly, it's the economy stupid, again. After several federal elections when the bread and butter issue took a back seat to everything from health to corruption, the battle over which pa...

TSX likely in or further losses as investors lose confidence in economy

Sun, 07 Sep 2008 16:32:37 +0000

Production resumes on Dubai oil rig after crash

Sun, 07 Sep 2008 16:10:14 +0000

DUBAI, United Arab Emirates - A senior Dubai police official says production has resumed at a Persian Gulf oil rig struck by a helicopter last week. Families of the five passengers and two crew bel...

Top Democrat says government will stabilize mortgage giants Fannie, Freddie

Sat, 06 Sep 2008 20:57:52 +0000

WASHINGTON - A top House Democrat confirmed Saturday that the government is planning to intervene to stabilize troubled mortgage finance companies Fannie Mae and Freddie Mac. Representative Barney ...

Mining giant BHP Billiton to build $3.5 billion water plant in Chile

Sat, 06 Sep 2008 17:49:13 +0000

SANTIAGO, Chile - BHP Billiton is seeking approval to build a $3.5 billion US water desalinization plant to service its Escondida copper mine in northern Chile, one of the world's top sources of the m...

Greenspan: Don't use Federal Reserve as a 'magical piggy bank'

Sat, 06 Sep 2008 17:17:37 +0000

WASHINGTON - Troubled by the Bear Stearns debacle, former U.S. Federal Reserve Chairman Alan Greenspan is advocating a new way of dealing with government bailouts of companies whose sudden collapse co...

Boeing, machinists negotiations fail; strike is on

Sat, 06 Sep 2008 07:14:45 +0000

SEATTLE - Despite a 48-hour contract extension, negotiations between Boeing Co. and Machinists union officials have failed and the union declared: "The strike is on!" The Machinists bargain for abo...