BUSINESS NEWS
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05/14/2008 12:22 EDT
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» Weatherford makes amends in Sudan CNN Money 05/14/2008 11:59 EDT (22min ago) All too seldom is a Fortune story about corporate misbehavior transformed into feel-good news. But for the Texas oil-services company Weatherford International, our revelation last July that the company was operating in embargoed Sudan looked to be just such an opportunity. Weeks after we uncovered Weatherford working out of a two-story suburban villa in Khartoum, despite decade-old U.S. sanctions against Sudan, the company filed an SEC report announcing that it was pulling out - not only from Sudan, but also from Iran, Syria and Cuba. Those are all countries where Americans are forbidden to do business. By the end of March the company had closed its offices in all four countries.
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» GM recalls workers CNN Money 05/14/2008 11:51 EDT (30min ago) Read full story for latest details.
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» How credit cards boost gas prices CNN Money 05/14/2008 11:36 EDT (45min ago) Buying gasoline with a credit card could be hurting your local independent gas station owner - and you may have to pay for it.
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» The Fed: Betting on a rate hike CNN Money 05/14/2008 11:34 EDT (47min ago) There is a growing sense that the worst of the credit crunch may be behind us. And despite a tamer-than-expected reading for April, inflation is still very much a concern for many Americans.
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» Oil prices off their lows on supply data CNN Money 05/14/2008 11:18 EDT (01:03 ago) Oil prices eased off their lows Wednesday after a government report showed weaker-than-expected stockpiles of both crude oil and gasoline.
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» Stocks jump on modest consumer prices CNN Money 05/14/2008 11:10 EDT (01:11 ago) Stocks jumped Wednesday morning after a key inflation reading showed a more muted rise than had been expected, reassuring investors worried about the impact of rising commodity prices and the series of Fed interest rate cuts.
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» Deere profit higher, but outlook disappoints Reuters 05/14/2008 11:06 EDT (01:16 ago) CHICAGO (Reuters) - Deere & Co reported higher quarterly earnings on Wednesday as soaring crop prices boosted global demand for its agricultural equipment, but the company's forecast for the rest of the year disappointed Wall Street and its shares fell 9 percent.
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» ?SportsCenter? to Be Shown Live During the Day The New York Times 05/14/2008 11:05 EDT (01:17 ago) After years of televising taped versions of ?SportsCenter? in the mornings, ESPN announced Tuesday that the studio show would be live starting in August.
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» Pearlstein: Housing Legislation The Washington Post 05/14/2008 11:00 EDT (01:22 ago) Washington Post business columnist Steven Pearlstein discusses the Congressional proposals that would rescue homeowners at risk of foreclosure.
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» Smart Car Gets Good Grade in Crash Test ABC News 05/14/2008 10:54 EDT (01:28 ago) The Smart ForTwo earned the top rating in front- and side-impact crash tests.
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