Business News by Speeple

Whip Inflation Now, Before It Whips You

Thu, 03 Jul 2008 22:16:47 -0500

We've all been so focused on whether we are officially in a recession that we may not have paid enough attention to the creeping threat of inflation.

Markets slip on oil, global woes

Thu, 03 Jul 2008 22:16:47 -0500

MUMBAI: Stocks slipped early on Thursday on the back of weak global cues as crude oil rose to a new ...

Boeing 787 supplier halts work for 24 hours after FAA audit

Thu, 03 Jul 2008 22:16:47 -0500

The South Carolina plant that assembles the mid-fuselage of Boeing's 787 Dreamliner halted production for 24 hours beginning Monday night after a Federal Aviation Administration (FAA) audit found lax manufacturing …

Oil prices strike record high of USD 146 per barrel

Thu, 03 Jul 2008 22:16:47 -0500

London's Brent crude oil hit USD 146 a barrel for the first time on Thursday, as traders reacted to Middle East tensions, falling US crude reserves and the weak dollar.

Health insurer will shed 4,000 jobs

Thu, 03 Jul 2008 22:16:47 -0500

UnitedHealth Group Inc. cleared its decks of bad news Wednesday, announcing a lower profit outlook, a restructuring that will trim 4,000 jobs and an $895 million payout to settle a class-action lawsuit over options …

Freed U.S. defense contractors arrive in Texas

Thu, 03 Jul 2008 22:16:47 -0500

Three American defense contractors landed late on Wednesday in Texas, hours after they were freed from years of captivity in the jungles of Colombia.

Judge in Facebook-ConnectU case to open sealed transcripts

Thu, 03 Jul 2008 22:16:47 -0500

After listening to arguments made by CNET attorneys, judge agrees to release redacted copies of a June 23 closed hearing.

Fugitive fund manager surrenders

Thu, 03 Jul 2008 22:16:47 -0500

Samuel Israel 3rd, a fugitive hedge fund swindler, faked his suicide on the day he was to report to prison.

Pocket Shot expands into Europe with distribution alliance

Thu, 03 Jul 2008 22:16:47 -0500

The Pocket Shot Company, a provider of packaged alcoholic beverages, has entered into a distribution alliance with Pocket Distribution, a distributor of premium spirits throughout Europe.

Asia stocks slide as investors flee

Thu, 03 Jul 2008 22:16:47 -0500

Asian stocks fell today on signs of further deterioration in the US economy, a fresh record high in oil prices, and heightened fears that stagflation will continue to damage company earnings and consumer spending.