, Sep. 8, 2008 (REUTERS) — Stock index futures pointed to a jump on Wall Street on Monday after the government seized control of major mortgage firms Fannie Mae and Freddie Mac . ... > full story
PERTH, Sep. 7, 2008 (Reuters) — Oil jumped than $2 to near $109 a barrel on Monday, rebounding from a five-month low on worries that Hurricane Ike would tear through the Gulf of Mexico, and on hopes that a U.S. bailout of its top mortgage lenders would help temper an economic downturn. ... > full story
NEW YORK, Sep. 4, 2008 (Reuters) — The dominant U.S. service sector improved last month and businesses boosted productivity in the second quarter but evidence of labor market weakness overshadowed other data the day before a key jobs report. ... > full story
ATLANTA, Sep. 4, 2008 (Reuters) — U.S. discounters, led by Wal-Mart Stores Inc , remained a bright spot in a weak retail industry in August, as shoppers sought back-to-school deals, while department stores and luxury chains disappointed. ... > full story
DETROIT, Sep. 3, 2008 (Reuters) — General Motors Corp and Ford Motor Co on Wednesday cut second-half production targets, likely putting a drag on their results, but held out hope that the near-freefall in sales seen in the summer had slowed somewhat in August as consumer confidence steadied. ... > full story
DETROIT, Sep. 3, 2008 (Reuters) — Ford Motor Co said on Wednesday that sales fell 26.6 percent in August amid steep declines in large pickup trucks and SUVs, and cut its second-half production plans. ... > full story
FRANKFURT, Sep. 3, 2008 (Reuters) — Porsche sales in North America nearly halved to 1,516 vehicles last month as demand for its core 911 sports coupe plummeted ahead of the model's upcoming facelift, the company said on Thursday. ... > full story
NEW DELHI, Sep. 3, 2008 (Reuters) — General Motors expects to sell its Hummer brand by the end of this year or early in 2009, as it shores up capital to survive a deep industry slump amid record losses, its chief operating officer said. ... > full story
DETROIT, Sep. 3, 2008 (Reuters) — Automakers are expected to post a 10th consecutive month of U.S. sales declines on Wednesday as incentives on slow-selling trucks and SUVs and General Motors Corp's employee pricing promotion failed to ignite demand from struggling consumers in August. ... > full story
DUBAI, Sep. 3, 2008 (Reuters) — The government of Gulf Arab oil state Abu Dhabi will invest $1 billion in a media firm that will produce eight feature films a year in ventures with Hollywood, Bollywood and local producers, media reported on Wednesday. ... > full story
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Teen retailers report weak August same-store sales Sep. 4, 2008 (Businessweek) — It was a tough August for teen apparel retailers, as many reported weakness across some or all of their product categories during the critical ...
MDS lowers fiscal 2008 expectations Sep. 4, 2008 (Boston Globe) — MDS Inc., a Canadian life sciences company, cut its fiscal 2008 profit and revenue outlooks Thursday, as it expects weaker revenue from its Pharma ...
Stock selloff accelerates Sep. 4, 2008 (CNN) — The stock decline accelerated Thursday as the Dow fell more than 200 points as sluggish retail sales and some dour readings on the labor market ...
Hyundai Unveils Genesis Coupe Mar. 19, 2008 (Conde Nast Portfolio) — Hyundai Motor Co. is entering the performance ranks with the 2010 Genesis Coupe, a 300-horsepower sports car introduced Wednesday at the New York ...
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