Business

Oil Price Jumps $5

businessweek.com     48 mins ago   222 related          

NEW YORK Oil prices shot up more than $5 a barrel Thursday, rising to the highest level in over two weeks as escalating tensions with Russia stoked fears of a disruption of energy shipments to Western countries. A weaker U.S....                    

Bailout for mortgage giants? Hold on...

cnn.com     9 hrs ago   158 related          

The stocks are swooning, but the feds are understandably in no hurry to own the whole U.S. mortgage business. The frenzied trading in shares of Fannie Mae and Freddie Mac seems to assume the government will soon ride to the...                    

Nintendo Sued for Wii Wand Patent

time.com     10 hrs ago   65 related          

Nintendo's hit Wii console with its wandlike remote controller has been targeted in patent infringement complaints by a U.S. technology company. Hillcrest Laboratories, based in Rockville, Md., has filed a complaint with the...                    

FDIC re-writes loan terms at IndyMac

upi.com     5 hrs ago   58 related          

WASHINGTON, Aug. 21 (UPI) -- U.S. regulators plan to rewrite terms on about 25,000 troubled Indymac Bancorp, mortgages that could set a trend for other lenders, an official said. Sheila Bair, chairwoman of the Federal Deposit...                    

STMicro CEO Talks Up Ericsson Mobile Marriage

forbes.com     10 hrs ago   61 related          

LONDON - The mobile device market is growing fast, and chip makers are finding new ways to capture this growth and reduce costs as they attempt to negotiate partnerships and other arrangements with rivals and strike deals with...                    

Japan's trade surplus shrinks 87 percent in July

iht.com     8 hrs ago   56 related          

Japan's trade surplus shrank sharply in July on higher oil and commodities prices, figures showed Thursday, but robust exports to the rest of Asia, Russia, Australia and the Mideast are helping reduce Japan's dependance on a...                    

NFLPA head Gene Upshaw dead at 63 of cancer

iht.com     2 hrs ago   102 related          

Gene Upshaw, the Hall of Fame guard who during a quarter century as union head helped get NFL players free agency and the riches that came with it, has died. Upshaw died Wednesday night at his home in Lake Tahoe, Calif., of...                    

Dollar falls on weak financial sector

cnn.com     2 hrs ago   170 related          

U.S. currency stumbles as major institutions are said to face further billions in losses. Paste this link into your favorite RSS desktop reader See all CNNMoney.com RSS FEEDS By Kenneth Musante, CNNMoney.com staff writer Issue...                    

Hallmark ventures into gay-marriage cards

iht.com     37 mins ago   35 related          

Most states do not recognize gay marriage - but now Hallmark does. The largest greeting card company in the United States is rolling out same-sex wedding cards - featuring two tuxedos, overlapping hearts or intertwined flowers,...                    

Wall Street opens down over financial concerns

msn.com     4 hrs ago   192 related          

Slew of analysts downgrading banks; traders are edgy about rising oil, too NEW YORK - Wall Street opened lower Thursday amid growing anxiety over the financial sector, particularly mortgage financiers Fannie Mae and Freddie Mac...                    

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