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Automakers Suffer February Double Whammy
Source:washingtonpost.com - Business 3 March 2008, 2:40 pm
DETROIT -- Automakers got hit where it hurts in February, with U.S. sales of their most profitable vehicles _ trucks, sport utilities and large sedans _ plunging as consumers reacted to high gas prices and the possible recession. General Motors Corp. and Ford Motor Co. announced second-quarter...
In China, Protesters Clash With Police Over Dangerous Factory
Source:washingtonpost.com - Business 3 March 2008, 12:21 pm
BEIJING, March 3 -- Violent protests erupted in several southern Chinese fishing towns after residents heard a chemical factory rejected as environmentally dangerous by the nearby city of Xiamen would be built in their area instead, witnesses and other residents said Monday.
Cuomo Reaches Appraisal Deal With Fannie, Freddie
Source:washingtonpost.com - Business 3 March 2008, 10:38 am
The nation's largest mortgage finance companies said this morning that they have agreed to crack down on inflated home appraisals that underlie some of the housing market's recent troubles.
Reports, Oil Prices Underline Weak U.S. Economy
Source:washingtonpost.com - Business 3 March 2008, 10:29 am
Two new reports today pointed to continued weakness in the U.S. economy, and oil reached a new inflation-adjusted high in early trading.
Court Rejects Rigas Appeal
Source:washingtonpost.com - Business 3 March 2008, 8:16 am
WASHINGTON -- Adelphia Communications founder John Rigas and his son, Timothy, lost their final appeal Monday of their convictions for fraud that led to the collapse of the nation's fifth-largest cable television company.
US, EU File New Trade Case Against China
Source:washingtonpost.com - Business 3 March 2008, 7:05 am
GENEVA -- The United States and European Union filed a WTO case against China on Monday demanding that it loosen restraints on foreign companies vying for a greater slice of the country's lucrative market for financial information.
World Markets Tumble on Wall Street Drop
Source:washingtonpost.com - Business 3 March 2008, 4:50 am
LONDON -- European and Asian stock markets tumbled Monday as investors reacted nervously to a steep decline on Wall Street Friday after disappointing economic and corporate news rekindled worries about a U.S. recession.
Making the Most of Marriott.com
Source:washingtonpost.com - Business 2 March 2008, 10:00 pm
Shafiq Khan is senior vice president of e-commerce for Marriott International, meaning he's in charge of Marriott.com. Before arriving at the Bethesda hotel chain, Khan worked for United Airlines and US Airways, where he was responsible for the industry's shift to online booking and e-tickets, among...
Bonuses Mount as Stock Falls
Source:washingtonpost.com - Business 2 March 2008, 10:00 pm
Friedman Billings Ramsey Group, the Arlington investment firm battered by the credit crunch and subprime slump, last week granted senior executives cash and stock potentially worth about $30 million.
Shake-Up At Snyder's Media Group
Source:washingtonpost.com - Business 2 March 2008, 10:00 pm
Washington Redskins owner Daniel Snyder is changing the management at Dick Clark Productions just eight months after buying the glitzy company, which produces the Golden Globe Awards and Dick Clark's "New Year's Rockin' Eve," for $175 million.
Fannie Mae and Freddie Mac Seek to Preserve Capital
Source:washingtonpost.com - Business 2 March 2008, 10:00 pm
At a time when the housing market needs them as much as ever, Fannie Mae and Freddie Mac are hunkering down to weather the crisis.
General Dynamics to Make Robotic Vehicles for Army
Source:washingtonpost.com - Business 2 March 2008, 10:00 pm
General Dynamics of Falls Church will provide robotic vehicles to the Army to augment and improve security at military installations under a contract worth $40 million over five years.
Salary Squeeze
Source:washingtonpost.com - Business 2 March 2008, 10:00 pm
Pay raises are usually happy events, but there were some quiet moans across Washington when new government salary scales were published in January.
The Doggie Diaper, Guarding Canine Dignity
Source:washingtonpost.com - Business 2 March 2008, 10:00 pm
She may have been the underdog going into the competition, but if she knew it she didn't let on.
Credit Crisis May Make College Loans More Costly
Source:washingtonpost.com - Business 2 March 2008, 10:00 pm
Many college students across the nation will begin to see higher costs for loans this spring, while others will be turned away by banks altogether as the credit crisis roiling the U.S. economy spreads into yet another sector, student lenders and Wall Street firms say.
New Ideas Needed as Jobs Shift
Source:washingtonpost.com - Business 2 March 2008, 10:00 pm
Take a look at the state of metropolitan Washington's knowledge-based economy.
Dot-Commitment
Source:washingtonpost.com - Business 2 March 2008, 10:00 pm
By the time he arrived at Virginia Tech in January 2004, Fahad Hassan still was not over his first business failure. He had poured his heart into a computer support business in his final year of high school, but after a promising few months the customers dried up and the expenses ballooned.
Businesses Tightening Their Belts
Source:washingtonpost.com - Business 1 March 2008, 10:00 pm
U.S. businesses are holding off on hiring, delaying new investments and trimming expenses, creating a new threat to the nation's economy.
Inside the Mind Of a Debtor Nation
Source:washingtonpost.com - Business 1 March 2008, 10:00 pm
As the director of a financial ministry at my church, I get an up-close and personal look at the spending habits of a lot of people.
Bush Moves to Shield Telecommunications Firms
Source:washingtonpost.com - Business 1 March 2008, 10:00 pm
President Bush said last week that telecommunications companies that helped government wiretapping efforts need protection from "class-action plaintiff attorneys" who see a "financial gravy train" ahead. Democrats and privacy groups responded by accusing the Bush administration of trying to shut...
Emerging Markets Lose Some Risk
Source:washingtonpost.com - Business 1 March 2008, 10:00 pm
Forget about decoupling -- the idea that emerging economies will thrive even if the United States has entered a recession. Nothing decouples in a globalized world.
For Most, a Sport-Without-Utility Vehicle
Source:washingtonpost.com - Business 1 March 2008, 10:00 pm
NEW YORK Life is a matter of surprise and compromise. One leads to the other, often in reverse order. If you can get over the business of things not going as expected, you can learn something and move forward.
Banking Fees Are Rising And Often Undisclosed
Source:washingtonpost.com - Business 1 March 2008, 10:00 pm
Banks are failing to provide consumers with information about fees on savings and checking accounts even though federal rules require such disclosures, according to a government report to be released tomorrow.
Wanna Talk Money?
Source:washingtonpost.com - Business 1 March 2008, 10:00 pm
Bill Kirst overpaid his MasterCard bill last month by $500.