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Domestic Spending Intact as House Passes War Bill

Categorie : Business News
In a pair of bipartisan votes, the House yesterday approved $162 billion to continue the wars in Iraq and Afghanistan well into 2009 and a separate measure that would allow veterans returning from those battlefields to receive increased education benefits. ...

read more In a pair of bipartisan votes, the House yesterday approved $162 billion to continue the wars in Iraq and Afghanistan well into 2009 and a separate measure that would allow veterans returning from those battlefields to receive increased education benefits. read more Sun Jun 2008

XM, Sirius Plunge After Merger Report

Categorie : Business News
Days after the nation's top telecommunications policymaker signaled his approval of a merger between the two satellite radio providers, XM and Sirius, a negative report released yesterday on the future of the companies sent shares of each firm sharply lower. ...

read more Days after the nation's top telecommunications policymaker signaled his approval of a merger between the two satellite radio providers, XM and Sirius, a negative report released yesterday on the future of the companies sent shares of each firm sharply lower. read more Sun Jun 2008

Air Force Faulted Over Handling Of Tanker Deal

Categorie : Business News
Federal auditors said yesterday that the Air Force bungled its decision to award a multibillion-dollar contract for new refueling tankers to a team that includes the European company Airbus, touching off calls for a congressional probe and putting yet another twist in the years-long, scandal-plagued ...

read more Federal auditors said yesterday that the Air Force bungled its decision to award a multibillion-dollar contract for new refueling tankers to a team that includes the European company Airbus, touching off calls for a congressional probe and putting yet another twist in the years-long, scandal-plagued read more Sun Jun 2008

Beyond That Hump, It's the Inside That Counts

Categorie : Business News
My associate, Ria Manglapus, couldn't get over the hump. It was ugly. It was in the way. It undermined her confidence in the vehicle's handling. ...

read more My associate, Ria Manglapus, couldn't get over the hump. It was ugly. It was in the way. It undermined her confidence in the vehicle's handling. read more Sun Jun 2008

Paulson Urges New Fed Powers

Categorie : Business News
Treasury Secretary Henry M. Paulson Jr. today called for the Federal Reserve to be given new, explicit powers to intervene in the workings of Wall Street firms to protect the financial system, adapting his vision of how the financial world should be regulated to reflect the lessons of the collapse.. ...

read more Treasury Secretary Henry M. Paulson Jr. today called for the Federal Reserve to be given new, explicit powers to intervene in the workings of Wall Street firms to protect the financial system, adapting his vision of how the financial world should be regulated to reflect the lessons of the collapse.. read more Sun Jun 2008

After Hike In China, Global Oil Prices Fall

Categorie : Business News
SHANGHAI, June 19 -- China, the world's second-largest consumer of oil, said Thursday that it would dramatically raise domestic fuel prices after resisting international pressure to hike them for 7 1/2 months. ...

read more SHANGHAI, June 19 -- China, the world's second-largest consumer of oil, said Thursday that it would dramatically raise domestic fuel prices after resisting international pressure to hike them for 7 1/2 months. read more Sun Jun 2008

Jobless Claims Decline by 5,000 Following Surge

Categorie : Business News
WASHINGTON -- The number of newly laid-off workers filing applications for unemployment benefits dropped slightly last week but remained at a level showing the strains of a weak economy. ...

read more WASHINGTON -- The number of newly laid-off workers filing applications for unemployment benefits dropped slightly last week but remained at a level showing the strains of a weak economy. read more Sun Jun 2008

Stocks Fall in Asian Markets

Categorie : Business News
By Hanny Wan and Iris Leung June 19 (Bloomberg) -- Hong Kong stocks fell, dragging the benchmark index to its biggest drop in more than a week, on speculation credit-related losses will erode earnings and China will intensify its battle with inflation. ...

read more By Hanny Wan and Iris Leung June 19 (Bloomberg) -- Hong Kong stocks fell, dragging the benchmark index to its biggest drop in more than a week, on speculation credit-related losses will erode earnings and China will intensify its battle with inflation. read more Sun Jun 2008

Wall Street Lobbies to Protect Speculative Oil Trades

Categorie : Business News
Wall Street banks and other large financial institutions have begun putting intense pressure on Congress to hold off on legislation that would curtail their highly profitable trading in oil contracts -- an activity increasingly blamed by lawmakers for driving up prices to record levels. ...

read more Wall Street banks and other large financial institutions have begun putting intense pressure on Congress to hold off on legislation that would curtail their highly profitable trading in oil contracts -- an activity increasingly blamed by lawmakers for driving up prices to record levels. read more Sun Jun 2008

Bush Calls for Offshore Oil Drilling

Categorie : Business News
President Bush called yesterday for lifting the 27-year-old ban on U.S. offshore oil drilling, joining Sen. John McCain in endorsing an idea that Republicans hope will gain traction in Congress and on the campaign trail as the price of gasoline soars. ...

read more President Bush called yesterday for lifting the 27-year-old ban on U.S. offshore oil drilling, joining Sen. John McCain in endorsing an idea that Republicans hope will gain traction in Congress and on the campaign trail as the price of gasoline soars. read more Sun Jun 2008

Access Denied

Categorie : Business News
Olivia Norman's fingers fly across her laptop keyboard, dexterously tapping out instant messages to friends and entering Google searches without committing a single typo. A minute later, she's listening intently to the voice cues that help her read e-mail and send text messages on her Motorola Q... ...

read more Olivia Norman's fingers fly across her laptop keyboard, dexterously tapping out instant messages to friends and entering Google searches without committing a single typo. A minute later, she's listening intently to the voice cues that help her read e-mail and send text messages on her Motorola Q... read more Sun Jun 2008

Obama Meets With Labor Leaders

Categorie : Business News
Sen. Barack Obama (D-Ill.) met here last night with dozens of union leaders in an effort to mobilize their support for the general election as lingering rifts from a hard-fought primary campaign as well as broader tensions among major unions threaten to undermine organized labor's efforts on his... ...

read more Sen. Barack Obama (D-Ill.) met here last night with dozens of union leaders in an effort to mobilize their support for the general election as lingering rifts from a hard-fought primary campaign as well as broader tensions among major unions threaten to undermine organized labor's efforts on his... read more Sun Jun 2008

Oil to the Fore in U.S.-China Talks

Categorie : Business News
As high-level delegations from the United States and China meet this week in Annapolis for their latest talks on economic coordination, the Bush administration's concerns about the value of the Chinese currency have been overshadowed by anxiety over the global price of oil. ...

read more As high-level delegations from the United States and China meet this week in Annapolis for their latest talks on economic coordination, the Bush administration's concerns about the value of the Chinese currency have been overshadowed by anxiety over the global price of oil. read more Sun Jun 2008

Goldman Profits in Stressed Economy

Categorie : Business News
Goldman Sachs yesterday reported that it earned $2.09 billion last quarter despite the financial crisis buffeting other Wall Street firms, but the figure was down from the corresponding period a year earlier, showing that even the world's largest investment bank is not immune to the upheaval in... ...

read more Goldman Sachs yesterday reported that it earned $2.09 billion last quarter despite the financial crisis buffeting other Wall Street firms, but the figure was down from the corresponding period a year earlier, showing that even the world's largest investment bank is not immune to the upheaval in... read more Sun Jun 2008

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