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The Global Business News Leader | Saturday, 30 Aug 2008
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Saturday, August 30, 2008
U.S. to make election history either way
Come January 20, 2009, history will be made in the US one way or another
Stocks may struggle to beat autumn blues
Optimists need the market to clear major hurdles in the next eight weeks
Apparel insiders fear death by "safe" fashion
This year's crop of safe styles is sure to keep their wallets shut tight.
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INDUSTRIES
Gas prices up as Gustav threatens Gulf refineries
Federal regulators said Friday that investors who bought risky auction-rate securities from Merrill Lynch & Co. before the market.(Aug 29)
Stocks end lower on personal income data
TECHNOLOGY
Incomes drop sharply in July while spending slows
Oil prices tumbled more than $6 a barrel Friday--the biggest one-day percentage plunge in nearly four years--after a rebounding dollar and a Russian troop pullback in Georgia sparked another frenzied sell-off.(Aug 29)
POLITICS & POLICY
Georgia to cut diplomatic ties with Moscow
Columns of hulking, smoke-belching Russian tanks rolled out of key positions deep inside Georgia Friday.(Aug 29)
Fears of isolation as investors flee Russia
TECHNOLOGY
FAA outage reveals odd computing practices
Wall Street capped a volatile week with sharp gains Friday as oil prices tumbled and after Federal Reserve Chairman Ben Bernanke.(Aug 29)
INDUSTRIES
As summer ends, flyers brace for airline changes
As Tropical Storm Fay finally got on track Friday to make its way out of Florida, flood-stricken homeowners got an encouraging sign.(Aug 29)
POLITICS & POLICY
Cells change identity in promising breakthrough
Boeing Co. is considering bailing out of a politically charged competition for a $35 billion contract to build aerial refueling tankers for the Air Force.(Aug 28)
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The Main Event: McCain-Palin vs. Obama-Biden
Freddie Mac talked to investors this week about possibly buying its stock to raise much-needed capital.
Machinists union leaders call for Boeing strike
Alitalia files for bankruptcy protection
GM recalling 944,000 vehicles
Aon shares rise after Benfield Group buy
Aid agencies say they can work again in Zimbabwe
Polish PM: nothing to fear over base
See All Latest News
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Quote of the Day
 We're watching how we're spending our money and paying debt down aggressively ... every penny counts
Diamond Emory, a mother and shopper in OhioParent such as Emory are adopting a strict budget as the economy tightens. Her family sees shopping outings as a way to help her kids learn how to handle money.
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IBT Features
AIDS still a U.S. threat
Ford told FBI about panel's doubts on JFK murder Automakers offer hybrids for NYC taxi fleet New orders for Boeing and Airbus at Farnborough
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