Archive for September 3rd, 2008

Pick-a-payment loans turn poisonous

Wednesday, September 3rd, 2008

By Les Christie, CNNMoney.com staff writerSeptember 3, 2008: 11:40 AM EDTBetter off than 2001? Not quiteMore VideosCompanies hack away at jobsGustav damage could reach $10 billionGustav damage could reach $10 billionGustav hits U.S. economyGas prices weathering Gustav - so farIssue #1: America's Money - Everyday on CNNSpecial ReportPick-a-payment loans turn ...

Track futures">Stocks slip at open | Track futures

Wednesday, September 3rd, 2008

Last Updated: September 3, 2008: 9:36 AM EDTShell surveys Gustav's damageMore VideosCompanies hack away at jobsGustav damage could reach $10 billionGustav damage could reach $10 billionGustav hits U.S. economyGas prices weathering Gustav - so farIssue #1: America's Money - Everyday on CNNNEW YORK (CNNMoney.com) -- Stocks slipped at Wednesday's open ...

U.S. grants Citgo 250K barrels of oil from reserve

Wednesday, September 3rd, 2008

September 3, 2008: 11:48 AM EDT NEW YORK (AP) -- Citgo will be allowed to pull 250,000 barrels of oil from the Strategic Petroleum Reserve because of its inability to secure crude in the aftermath of Hurricane Gustav.Venezuela's government-controlled Citgo Petroleum Corp. said Tuesday that supplies ...

Home Depot CEO: Housing decline may be nearing end

Wednesday, September 3rd, 2008

ATLANTA, Sept 3 (Reuters) - Home Depot Inc's (HD.N: Quote, Profile, Research, Stock Buzz) chiefexecutive said a battered U.S. housing market was nearing thebottom of its decline, but the home-improvement sector wouldremain under pressure at least through early 2009. "We don't ...

Textron New Orleans facilities closed until Monday

Wednesday, September 3rd, 2008

BOSTON, Sept 3 (Reuters) - Diversified U.S. manufacturerTextron Inc (TXT.N: Quote, Profile, Research, Stock Buzz) said on Wednesday its facilities around NewOrleans will be closed until Monday to allow time to clean upafter Hurricane Gustav drenched the Louisiana coast. The company's ...

Protesters storm, interrupt Chile wealth fund meet

Wednesday, September 3rd, 2008

SANTIAGO, Sept 3 (Reuters) - A dozen rowdy protestersstormed a sovereign wealth fund meeting in the Chilean capitalon Wednesday, interrupting a news conference by FinanceMinister Andres Velasco and IMF First Deputy Managing DirectorJohn Lipksy. Velasco, Lipsky and Brazilian Finance Minister GuidoMantega ...

UPDATE 1-Regeneron’s drug to lower gout flares meets goal

Wednesday, September 3rd, 2008

(Recasts, adds details, analyst comment, share movement) By Jennifer Robin Raj BANGALORE, Sept 3 (Reuters) - Regeneron Pharmaceuticals Inc(REGN.O: Quote, Profile, Research, Stock Buzz) said its experimental treatment to reduce gout flares,Arcalyst, met the main goal in ...

Gas Natural asks regulator for Fenosa green light

Wednesday, September 3rd, 2008

MADRID, Sept 3 (Reuters) - Spanish utility Gas Natural(GAS.MC: Quote, Profile, Research, Stock Buzz) has asked the country's competition authority, the CNC,to approve its 16.8 billion euro ($24.3 billion) bid for UnionFenosa (UNF.MC: Quote, Profile, Research, Stock Buzz), a spokesman for the Catalan natural gas ...

Zentiva tells shareholders to reject Sanofi bid

Wednesday, September 3rd, 2008

AMSTERDAM (Reuters) - Sanofi-Aventis's (SASY.PA: Quote, Profile, Research, Stock Buzz) offer for Czech generic drug maker Zentiva (ZNTVsp.PR: Quote, Profile, Research, Stock Buzz), which values it at 40 billion crowns ($2.34 billion), does not reflect the company's worth and should not be accepted, the company's chief ...

US Air Force general urges quick action on tanker

Wednesday, September 3rd, 2008

By Andrea Shalal-Esa WASHINGTON, Sept 3 (Reuters) - A U.S. Air Force generalurged a quick decision on a new aerial tanker, saying everyyear's delay in picking a new refueling aircraft risked keepingthe old KC-135s flying for 80 years. ...