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Credit Crisis Prompts Fed to Roll Back Rates Again - New York Times

China Daily

Credit Crisis Prompts Fed to Roll Back Rates Again New York Times - 49 minutes ago By LOUIS UCHITELLE The Federal Reserve cut its benchmark short-term interest rate Tuesday by a quarter of a percentage point, to 4.25 percent, and suggested that it would lower rates again if the credit crisis continued to damage not just housing, ... Video: Fed cut disappoints Wall Street reutersvideo Fed Fails To Satisfy Wall Street Forbes Reuters - TheStreet.com - San Francisco Chronicle - MarketWatch all 2,906 news articles

Recent Arrival at Citi Now Runs It - New York Times

CBS News

Recent Arrival at Citi Now Runs It New York Times - 1 hour ago By ERIC DASH Vikram S. Pandit joined Citigroup six months ago to oversee one part of the giant bank. Now, he confronts a far more daunting task: shoring up the entire company, which has been brought to its knees by the mortgage crisis and the recent ... Can This 'Genius' Save Citi? BusinessWeek UPDATE 3-Citigroup names Pandit CEO, Bischoff chairman Reuters Forbes - Bloomberg - MarketWatch - TheStreet.com all 398 news articles

Dreamliner Is Expected to Meet Its Revised 2008 Deadline - New York Times

NEWS.com.au

Dreamliner Is Expected to Meet Its Revised 2008 Deadline New York Times - 2 hours ago By LESLIE WAYNE Boeing said on Tuesday that it was on track to deliver the first 787 Dreamliner at the end of next year after improving supply-chain problems that had led to a six-month delay in its original production schedule. Boeing 787 still on track but not out of woods MSNBC Boeing Sticks to Revised 787 Dreamliner Schedule (Update4) Bloomberg TheStreet.com - Financial Times - Bizjournals.com - Seattle Post Intelligencer all 306 news articles

Chief Says GE Profit Will Grow 10% or More - New York Times

Chief Says GE Profit Will Grow 10% or More New York Times - 2 hours ago By CLAUDIA H. DEUTSCH To hear Jeffrey R. Immelt, General Electric’s chief executive, tell it, his company is having a great 2007 and faces a very nice 2008. GE Says Profit May Rise at Least 10%; Shares Decline (Update2) Bloomberg GE sees 2008 profit up at least 10 percent Guardian Unlimited MSNBC - Hartford Courant - CNNMoney.com - MarketWatch all 93 news articles

Student Lender to Stop Using College and Team Names in Marketing - New York Times

Newsday

Student Lender to Stop Using College and Team Names in Marketing New York Times - 1 hour ago By JONATHAN D. GLATER A student lender that paid students as much as $50 for referring classmates for loans and paid dozens of universities to use the institutions’ names, athletic team names, logos and mascots on advertising material sent to student ... Cuomo settles student loan probe SI.com Florida Lender to End `Kickback' Ties to Colleges (Update3) Bloomberg Reuters - Bizjournals.com - USA Today - Newsday all 61 news articles

China Agrees to Post US Safety Officials in Its Food Factories - New York Times

Xinhua

China Agrees to Post US Safety Officials in Its Food Factories New York Times - 42 minutes ago Michael O. Leavitt, secretary of Health and Human Services, above, said he expected that Food and Drug Administration officials would eventually be embedded in China’s food safety bureaucracy. China agrees to safety plan for food, drugs MarketWatch China to Start National Food Certification System (Update1) Bloomberg International Herald Tribune - Reuters - Forbes - BBC News all 637 news articles

Wary of Protests, Exxon Plans Natural Gas Terminal in the Atlantic - New York Times

Turkish Press

Wary of Protests, Exxon Plans Natural Gas Terminal in the Atlantic New York Times - 1 hour ago By JAD MOUAWAD Exxon Mobil said Tuesday that it would like to build a $1 billion floating terminal for liquefied natural gas about 20 miles off the coast of New Jersey, a move meant to deflect safety and environmental concerns about proximity to ... Exxon Mobil proposes floating natural-gas terminal MarketWatch Exxon Plans to Build LNG Plant Wall Street Journal Houston Chronicle - Guardian Unlimited - CNNMoney.com - EnergyCurrent all 64 news articles

Merck And Schering Backtrack - Forbes

Merck And Schering Backtrack Forbes - 32 minutes ago Merck and Schering-Plough are backtracking on plans to change an important clinical trial testing the efficacy of the blockbuster cholesterol drugs Zetia and Vytorin, even as a congressional committee raised questions about the companies' earlier plans ... US lawmakers probing Merck, Schering-Plough trial Reuters Trial of Cholesterol Drug Gets House Scrutiny New York Times all 4 news articles

Paulson Lifts Import Safety to Top of China Agenda (Update3) - Bloomberg

Turkish Press

Paulson Lifts Import Safety to Top of China Agenda (Update3) Bloomberg - 1 hour ago By John Brinsley and Kevin Carmichael Dec. 12 (Bloomberg) -- Treasury Secretary Henry Paulson elevated the safety of imported goods to the top of his agenda in Beijing as he tries to convince Americans of the benefits of trade with China. China needs flexible yuan to curb inflation-Paulson Reuters Inflation Picks Up in China; Trade Gap Grows New York Times Forbes - International Herald Tribune - Guardian Unlimited - BusinessWeek all 185 news articles

Hillary Clinton shares stage with billionaire Buffett - Reuters

CBS News

Hillary Clinton shares stage with billionaire Buffett Reuters - 3 hours ago By Adam Tanner SAN FRANCISCO, Dec 11 (Reuters) - Democratic presidential candidate Barack Obama has Oprah Winfrey, but rival Hillary Clinton boasted an even wealthier billionaire at one of her events on Tuesday -- super investor Warren Buffett, ... Clinton, Buffett chat at lunchtime fundraiser Examiner.com Clinton, Buffett Denounce Income Gap The Associated Press Sacramento Bee - CNBC - San Jose Mercury News - WGRZ-TV all 174 news articles

Public Not Ready for Over-the-Counter Statins - ABC News

eFluxMedia

Public Not Ready for Over-the-Counter Statins ABC News - 1 hour ago The US Food and Drug Administration will decide whether consumers should have access to a cholesterol-lowering drug without a prescription. FDA Reviewer Raises Concerns Over Proposed Merck Statin Wall Street Journal Merck to seek OK for 2 new drugs CNNMoney.com Bizjournals.com - dBTechno - The Associated Press - Bloomberg all 137 news articles

AT&T Raises Its Dividend by 12.7% - New York Times

PR-Inside.com (Pressemitteilung)

AT&T Raises Its Dividend by 12.7% New York Times - 1 hour ago By REUTERS AT&T, the telecommunications company, announced on Tuesday a share buyback program worth nearly $16 billion and its biggest-ever dividend increase. AT&T, Reminiscent of Ma Bell Days, Increases Dividend (Update2) Bloomberg AT&T hikes dividend, share buybacks Reuters Forbes - BusinessWeek - Bizjournals.com - Financial Times all 333 news articles

SEC Fraud Suit Names San Diego Auditor - New York Times

SEC Fraud Suit Names San Diego Auditor New York Times - 1 hour ago By MARY WILLIAMS WALSH The Securities and Exchange Commission filed a civil fraud complaint against the former auditor of San Diego on Monday, a rare step reflecting the agency’s concern about the quality of the information that governments provide to ... SEC charges San Diego's former auditor with fraud on bond sales San Francisco Chronicle SEC charges San Diego's former auditor with fraud on bond sales San Jose Mercury News XETV FOX6 San Diego - San Diego Business Journal - San Diego Union Tribune - KGTV, 10News.com all 43 news articles

Sony to Build playstation 3 Network to Increase Sales (Update5) - Bloomberg

Canada.com

Sony to Build playstation 3 Network to Increase Sales (Update5) Bloomberg - 6 hours ago By Hiroshi Suzuki Dec. 11 (Bloomberg) -- Sony Corp. Chief Executive Officer Howard Stringer plans to connect the company's flagship playstation 3 console with its other electronics as part of its growth strategy next year and beyond. Stringer: Sony Won't Go It Alone BusinessWeek Sir Howard outlines Sony future MSNBC GameSpot - Times Online - Reuters Canada - TechNewsWorld all 246 news articles

UPDATE: Valero Energy President Greg King To Resign - CNNMoney.com

UPDATE: Valero Energy President Greg King To Resign CNNMoney.com - 4 hours ago By Jessica Resnick-Ault HOUSTON -(Dow Jones)- Valero Energy Corp. (VLO) President Greg King , a key architect of the San Antonio refiner's growth-by-acquisition strategy, resigned unexpectedly Tuesday, the company announced. Valero president to resign at year's end Houston Chronicle Valero president unexpectedly calls its quits Bizjournals.com Reuters UK - Motley Fool - Reuters - RTT News all 52 news articles

H&R Block Gets Knocked - Forbes

Earthtimes

H&R Block Gets Knocked Forbes - 9 hours ago On Tuesday, the financial services firm said it expects to report a second quarter loss of $502.3 million, or $1.55 a share, versus a loss of $156.5 million, or 49 cents a share, for the year ago period. H&R Block sees bigger quarterly loss, delays filing MarketWatch H&R Block's Net Loss Widens Wall Street Journal TheStreet.com - Reuters - Bloomberg - Bizjournals.com all 249 news articles

Cardiome Drug Gets Committee Nod - TheStreet.com

Cardiome Drug Gets Committee Nod TheStreet.com - 4 hours ago By Elizabeth Trotta A Food and Drug Administration advisory committee recommended the agency approve the intravenous version of Cardiome's (CRME - Cramer's Take - Stockpickr) Vernakalant for abnormal heart rhythm. UPDATE 1-US FDA panel backs Astellas-Cardiome heart drug Reuters Cardiome, Astellas: FDA panel recommends approval of Kynapid Forbes Bloomberg - CNNMoney.com - Vancouver Sun - Motley Fool all 47 news articles

Florida to Divert Interest Income to Shore Up Fund (Update2) - Bloomberg

Florida to Divert Interest Income to Shore Up Fund (Update2) Bloomberg - 5 hours ago By Demian mclean and David Evans Dec. 11 (Bloomberg) -- Florida's state investment pool will keep November's interest income instead of paying it to counties and schools, using the $95 million to shore up a troubled portion of the fund. UPDATE 2-Troubled Florida investment fund gets new director Reuters Fla. Picks Interim Head of Fund Motley Fool The News-Press - WMBB-TV - Tampa Bay's 10 - Daytona Beach News-Journal all 51 news articles

Radiant Systems buys point of sale solutions provider - Reuters

Radiant Systems buys point of sale solutions provider Reuters - 5 hours ago Dec 11 (Reuters) - Radiant Systems Inc (RADS.O: Quote, Profile, Research) said it agreed to acquire Quest Retail Technology, a supplier of point of sale solutions to stadiums and arenas, for about $54 million in cash for expanding its presence in ... Radiant to Buy Quest Retail for $54M Houston Chronicle Radiant Systems agrees to acquire Quest Retail for $54M CNNMoney.com WELT ONLINE - Trading Markets (press release) - MSN Money all 24 news articles

Wright Medical says US subpoenaed it for documents - Reuters

Wright Medical says US subpoenaed it for documents Reuters - 2 hours ago NEW YORK, Dec 11 (Reuters) - Medical device maker Wright Medical Group Inc (WMGI.O: Quote, Profile, Research) said on Tuesday that it has received a subpoena from the US Department of Justice for documents from January 1998 till present related to some ... DOJ Subpoenas Wright Medical Files Memphis Daily News Wright Medical Group Reveals Receipt Of Subpoena From DOJ ... Trading Markets (press release) Trading Markets (press release) all 11 news articles

Fed offers modest rate cut (Reuters)

Reuters - The Federal Reserve cut U.S. interest rates by a modest quarter-percentage point on Tuesday, disappointing Wall Street hopes for bolder action but offering some help to an economy facing credit strains and a deep housing slump.

Citigroup names Pandit CEO, Bischoff chairman (Reuters)

Reuters - Citigroup Inc named investment banking head Vikram Pandit as chief executive and acting CEO Win Bischoff as chairman on Tuesday, disappointing investors who wanted a big-name outsider to overhaul the bank.

Investors dump stocks after Fed's modest rate cut (Reuters)

Reuters - U.S. stocks sank on Tuesday after the Federal Reserve trimmed interest rates rather than slashing them, letting down investors who fear the economy might slip into recession unless the central bank becomes more aggressive.

PIMCO's Gross: Fed funds headed to 3 pct (Reuters)

Reuters - Tuesday's cut to the Federal Reserve's key lending rate is another baby step toward much lower rates in 2008 as the Fed tries to prevent a housing-led recession, Bill Gross, chief investment officer at PIMCO, the world's largest bond fund, said.

Buffett says economy close to recession (Reuters)

Reuters - Billionaire investor Warren Buffett said the United States could slip into a recession if the jobless rate increases, he told CNBC television on Tuesday.

Buffett says economy close to recession (Reuters)

Reuters - Billionaire investor Warren Buffett said the United States could slip into a recession if the jobless rate increases, he told CNBC television on Tuesday.

London banks under pressure from downgrades (FT.com)

FT.com - Banking stocks weighed on the FTSE 100 on Tuesday with Royal Bank of Scotland under pressure after Citigroup (NYSE:C) published a negative note.

Fannie, Freddie chiefs see tough 2008 (AP)

AP - The chief executives of Fannie Mae and Freddie Mac on Tuesday warned their ailing mortgage-finance companies will suffer further in 2008 due to a weakening housing market and rising home-loan defaults.

Wal-Mart to grow by more than 30 pct annually in China (Reuters)

Reuters - Wal-Mart Stores Inc , the world's biggest retailer, said it will keep expanding in China at more than 30 percent annually, as it won government approval to open its 100th store in the fast-growing consumer market.