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Business news in brief - Philadelphia Inquirer

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Stateline Area Business News in Brief - Beloit Daily News

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Today's Business News - Portsmouth Herald News

Tuesday Newspaper Review - Irish Business News and International … - FinFacts Ireland

FinFacts Ireland

Tuesday Newspaper Review - IrishBusinessNewsand International… FinFacts Ireland, Ireland -14 hours ago By Finfacts Team. The Irish Independent reports that Tanaiste Mary Harney has appealed to Irish Ferries management to return to the…

Business News short takes - Arkansas Democrat-Gazette (subscription)

Business news in brief from around New Jersey - Newsday

Today's Business News - Portsmouth Herald News

Pennsylvania business news in brief - Fort Worth Star Telegram

Business news and notes - Agri News

D.C.'s Stadium Lease Talks Stumble
Major League Baseball has not agreed to the District's request for an additional $20 million to help build a stadium and might file for arbitration if a lease agreement is not reached with the city by the end of December, MLB President Robert DuPuy said yesterday.
David Nakamura and Thomas Heath

U.S. Avoids Calling China A Currency Manipulator
The Bush administration declined yesterday to accuse China of manipulating its currency for competitive gain, rejecting demands from Congress and U.S. manufacturers who favor aggressively confronting Beijing over its currency practices.

Paul Blustein

Sales of Existing Homes Slow More Than Expected
Sales of previously owned U.S. homes slowed more than expected in October, and available inventory jumped to the highest level in almost 20 years, signaling that the housing boom has probably ended, the National Association of Realtors said yesterday.
Sandra Fleishman

Air Force Erred With No-Bid Iraq Contract, GAO Says
The Air Force, under pressure from the Pentagon, committed a "gross error" last year when it rushed to sign a no-bid contract for advisers to help plan and implement Iraq's national elections and draft its constitution, the Government Accountability Office has ruled.
Renae Merle

A Growing Wariness About Money in Politics
For several years now, corporations and other wealthy interests have made ever-larger campaign contributions, gifts and sponsored trips part of the culture of Capitol Hill. But now, with fresh guilty pleas by a lawmaker and a public relations executive, federal prosecutors — and perhaps average…

Jeffrey H. Birnbaum

New Orleans's New Connection
Hurricane-ravaged New Orleans will deploy the nation's first municipally owned wireless Internet system that will be free for all users, part of an effort to jump-start recovery by making living and doing business in the city as attractive as possible.

Jonathan Krim

Supreme Court Will Hear eBay Appeal
The U.S. Supreme Court yesterday agreed to hear a case involving eBay Inc. that could determine whether companies must stop using any technology that has been found to violate a patent held by someone else.
Yuki Noguchi

Merck to Cut 7,000 Jobs in Global Restructuring
Merck & Co. announced plans yesterday to slash 7,000 jobs and close five plants to save $3.5 billion to $4 billion over five years.
Steven Levingston and Ben White

Bush Pushes Guest-Worker Program
TUCSON, Nov. 28 — President Bush promoted his administration's efforts to get a grip on illegal immigration, spotlighting a plan to tighten security along the southern border and calling for a guest-worker program that would allow about 11 million illegal immigrants to work legally in the country…
Michael A. Fletcher and Darryl Fears

Delphi Extends Unions' Deadline for Talks on Cuts
Delphi Corp., the nation's largest auto parts maker, postponed a showdown with labor yesterday by saying it would give the unions another month to negotiate wage and benefit cuts before asking a judge to impose them.
Sholnn Freeman

U.S., City Officials Demand Spending Probe
Congressional and city officials called yesterday for investigations into how the District spends hundreds of millions of dollars annually in violation of laws and policies designed to avoid waste and fraud.

Dan Keating and David S. Fallis

Ahold Settles Lawsuit for $1.1 Billion
Royal Ahold NV agreed to pay $1.1 billion to settle a securities fraud class-action lawsuit, ending major civil litigation stemming from an accounting scandal that has roiled the Dutch company's U.S. Foodservice Inc. unit based in Columbia.
Dean Starkman

Judge OKs Delta Request to Sell Airplanes
NEW YORK — A U.S. bankruptcy court judge on Tuesday approved Delta Air Lines Inc.'s request to sell some of its airplanes and to reject an Atlanta office lease.

AP

Dow Couldn't Hold Morning Rally
Hanging on by its claws as the market tilted downward this afternoon, the Standard & Poor's 500 stock index today claimed its eighth advance in the past nine days.
Jerry Knight

New Home Sales Hit Record Level in Oct.
Sales of new homes shot up by a surprising 13 percent in October, the biggest monthly increase in 12 years, defying analysts' expectations of a decline, the Commerce Department reported today.
Daniela Deane

Rio Tinto to sell stake in Lihir - Sydney Morning Herald (subscription)

Google Shares Drop, Biggest Fall in a Year - eWeek

Wachovia to Sell Units to US Bancorp - Bay News 9

Wachovia to Sell Units to US Bancorp Bay News 9, FL -18 minutes ago …Wachovia shares fell 19 cents to close at $54.46 in afternoontradingon the New YorkStockExchange, while US Bancorp shares gained 11 cents to $30.89 on the…

Brazil's CVRD Declares Success in Acquiring Canico Resource Co - Resource Investor

US Lawmakers Renew Calls to Punish China Over Yuan (Update1) - Bloomberg

News& Observer

US Lawmakers Renew Calls to Punish China Over Yuan (Update1) Bloomberg -1 hour ago US lawmakers said they may revive efforts to punish China with trade tariffs for keeping the yuan artificially cheap, a day after the Treasury Department declined to label the nation a currency manipulator. TRADE-US: Groups Declare War on Cheap Chinese ExportsInter Press Service (subscription) US Declines a Chance to Criticize Yuan PolicyNew York Times Shanghai Daily -Reuters -MarketWatch -Financial Times -all 276 related

FCC open to' la carte' cable-TV pricing - MSN Money

Adweek

FCC open to' la carte' cable-TV pricing MSN Money -1 hour ago The US cable industry on Tuesday vowed to defend its practice of selling content to subscribers in bundles after media regulators proposed an overhaul that could dramatically alter the industry's revenue model. UPDATE 1-US FCC boss prods pay TV to do more on decencyReuters New FCC report advocates a la carte TV pricingZDNet Broadcasting&Cable (subscription) -USA Today -San Jose Mercury News -Forbes -all 310 related

Update 16: Merck to Eliminate 7,000 Jobs, 5 Plants - Forbes

China Daily

Update 16: Merck to Eliminate 7,000 Jobs, 5 Plants Forbes -17 hours ago Faced with thousands of Vioxx lawsuits, the loss of patent protection for a key product and a weak array of drugs in development, Merck& Co. Drug maker to cut 7,000 jobsSeattle Post Intelligencer Merck cutbacks: 7,000 jobs, 5 plantsSeattle Times MarketWatch -Detroit Free Press -Smartmoney.com -all 791 related

Update 3: Big Easy Launches Free Wireless System - Forbes

Washington Post

Update 3: Big Easy Launches Free Wireless System Forbes -2 hours ago To help boost its stalled economy, hurricane-ravaged New Orleans is offering the nation's first free wireless Internet network owned and run by a major city. New Orleans to deploy free wireless Net systemBoston Globe @ New Orleans, no wires attachedThe Age (subscription) commercialappeal.com (subscription) -Los Angeles Times -Houston Chronicle -Buffalo News -all 350 related

Wachovia to Sell Units to US Bancorp - MSN Money

CBS News

Wachovia to Sell Units to US Bancorp MSN Money -8 hours ago Wachovia Corp. on Tuesday said it agreed to sell its corporate trust, institutional and document custody and structured finance trust service units to US Bancorp for $720 million in cash. Update 4: Wachovia to Sell Units to US BancorpForbes Wachovia Announces Sale of Its Corporate Trust and Institutional…Finanzen.net Reuters -Minneapolis Star Tribune (subscription) -Charlotte Observer -Twin Cities Business Journal -all 99 related

US Airways firms up order for 20 A350 Airbus planes - Reuters

Crude Oil Is Little Changed; US Supplies Are Expected to Rise - Bloomberg

Bay News 9

Crude Oil Is Little Changed; US Supplies Are Expected to Rise Bloomberg -10 hours ago Crude oil was little changed on expectations stockpiles accumulated last week as temperatures rose, before colder weather boosts consumption later this week. Commodities: Fuel prices drop as warm spell cuts consumptionInternational Herald Tribune Update 7: Oil Prices Down As Warm Weather PersistsForbes Daily Star - Lebanon -KATC -ABC News -News&Observer -all 263 related

Update 3: Calpine Replaces CEO, CFO in Shake Up - Forbes

CBS News

Update 3: Calpine Replaces CEO, CFO in Shake Up Forbes -2 hours ago Power merchant Calpine Corp. said Tuesday that it has replaced its longtime chief executive as well as its chief financial officer in an abrupt shake up that sent the company's stock price below $1 as investors fretted about a possible bankruptcy. Calpine Executives Ousted as Bankruptcy May Be Near (Update6)Bloomberg Calpine CEO and CFO Leave FirmMSN Money TheStreet.com -TheStreet.com (subscription) -Business Online -CFO.com Magazine -all 172 related

Dubai seals P&O deal, bolstering its status as ports operator - International Herald Tribune

viploan.co.uk

Dubai seals P&O deal, bolstering its status as ports operator International Herald Tribune -1 hour ago LONDON DP World, the state-backed operator of the port of Dubai, agreed on Tuesday to purchase storied British shipping company Peninsular& Oriental Steam Navigation for 3.3 billion, strengthening the Gulf emirate's position as a growing center of… Profile: P&OGuardian Unlimited P&O boss'did his duty' in takeoverTimes Online Bloomberg -Forbes -Stuff.co.nz -Hindu Business Line -all 235 related

Judge OKs Delta Request to Sell Airplanes - Washington Post

Washington Post

Judge OKs Delta Request to Sell Airplanes Washington Post -3 hours ago NEW YORK — A US bankruptcy court judge on Tuesday approved Delta Airlines Inc.'s request to sell some of its airplanes and to reject an Atlanta office lease. Delta airlines hearing continues todayMSN Money Judge nudges Delta, pilotsAtlanta Journal Constitution (subscription) Atlanta Business Chronicle -Orlando Sentinel -m-Travel.com -all 339 related

VeriSign, ICANN face antitrust lawsuits - San Jose Mercury News

What is the Word

VeriSign, ICANN face antitrust lawsuits San Jose Mercury News -1 hour ago NEW YORK - Companies that sell and broker Internet domain names have filed two lawsuits against VeriSign Inc. and its oversight agency, accusing them of price-fixing and other anti-competitive practices. Single-letter Internet names a valuable commodityChicago Sun-Times US net body challenged over .comBBC News Lincoln Journal Star -MSN Money -Vancouver Sun (subscription) -What is the Word -all 250 related

US consumer confidence up sharply - Financial Times

Bizjournals.com

US consumer confidence up sharply Financial Times -7 hours ago The Conference Board, a business research group, said its consumer confidence index rose to 98.9 in November, from 85.2 in the previous month. Consumer confidence soars in NovemberBusinessWeek Consumer confidence comes roaring backStandard-Speaker Forbes -BBC News -ABC News -Globe and Mail -all 210 related

Delphi Extends Unions' Deadline for Talks on Cuts - Washington Post

Adrian Daily Telegram

Delphi Extends Unions' Deadline for Talks on Cuts Washington Post -20 hours ago Delphi Corp., the nation's largest auto parts maker, postponed a showdown with labor yesterday by saying it would give the unions another month to negotiate wage and benefit cuts before asking a judge to impose them. Delphi gets a brief reprieveMiddle East North Africa Financial Network UPDATE 3-Delphi to delay motion to reject labor contractsReuters 9NEWS.com -TechWhack -CNN -Sapulpa Daily Herald -all 295 related

Cyber Monday" Actually Happened On Thanksgiving - InformationWeek

What is the Word

Cyber Monday" Actually Happened On Thanksgiving InformationWeek -1 hour ago The online shopping crunch really happened on Thanksgiving night, according to one Web metrics firm, with more sites experiencing peak loads at that point. Black Friday, Cyber MondayFort Wayne News Sentinel Shoppers up spending 24% on Internet in Nov.New York Daily News eMarketer -E-Commerce Times -BusinessWeek -The Mac Observer -all 248 related

Lower oil helps send TSX down while NY closes negative despite … - CBC News

Update 2: Big Movers in the Stock Market - Forbes

Icahn hires Lazard to examine Time Warner - Crain's New York Business

Dow Ends Down 3, Nasdaq Closes Down 7 - Gadsden Times (subscription)

Wachovia to Sell Units to US Bancorp - North County Times

Update 4: Dow Ends Down 3, Nasdaq Closes Down 7 - Forbes

Dow Ends Down 3, Nasdaq Closes Down 7 - The Ledger

American Stock Exchange to Trade Options on Under Armor, Inc. - PR Newswire (press release)

Big Movers in the Stock Market - Gadsden Times (subscription)

Big Movers in the Stock Market - Times Daily

Business news in brief from around New Jersey - philly.com

Business news and notes - Agri News

Business news in brief - Philadelphia Inquirer

Tuesday Newspaper Review - Irish Business News and International … - FinFacts Ireland

FinFacts Ireland

Tuesday Newspaper Review - IrishBusinessNewsand International… FinFacts Ireland, Ireland -12 hours ago By Finfacts Team. The Irish Independent reports that Tanaiste Mary Harney has appealed to Irish Ferries management to return to the…

Today's Business News - Portsmouth Herald News

LOCAL BUSINESS NEWS - Battle Creek Enquirer

Business News short takes - Arkansas Democrat-Gazette (subscription)

Morning business news - RTE News

Business News - Danmark.dk

Pennsylvania business news in brief - philly.com

Merck to Cut 7,000 Jobs in Global Restructuring
Merck & Co. announced plans yesterday to slash 7,000 jobs and close five plants to save $3.5 billion to $4 billion over five years.
Steven Levingston and Ben White

Federated Settles With SEC, Spitzer
A Pittsburgh mutual fund company agreed to pay a total of $100 million to settle illegal-trading investigations brought by New York Attorney General Eliot L. Spitzer and the Securities and Exchange Commission in what may be the last of the big regulatory settlements in the mutual fund industry.

Dean Starkman

U.S. Avoids Calling China A Currency Manipulator
The Bush administration declined yesterday to accuse China of manipulating its currency for competitive gain, rejecting demands from Congress and U.S. manufacturers who favor aggressively confronting Beijing over its currency practices.

Paul Blustein

Md. Businessman Mentioned In Probe of Former Senator
One of Maryland's most powerful political financiers personally intervened in the award of a construction contract that has become part of the state's largest federal corruption investigation in many years, according to the person who oversaw the project and later testified about the contract to a…
Eric Rich and Matthew Mosk

Supreme Court Will Hear eBay Appeal
The U.S. Supreme Court yesterday agreed to hear a case involving eBay Inc. that could determine whether companies must stop using any technology that has been found to violate a patent held by someone else.
Yuki Noguchi

Air Force Erred With No-Bid Iraq Contract, GAO Says
The Air Force, under pressure from the Pentagon, committed a "gross error" last year when it rushed to sign a no-bid contract for advisers to help plan and implement Iraq's national elections and draft its constitution, the Government Accountability Office has ruled.
Renae Merle

Bush Pushes Guest-Worker Program
TUCSON, Nov. 28 — President Bush promoted his administration's efforts to get a grip on illegal immigration, spotlighting a plan to tighten security along the southern border and calling for a guest-worker program that would allow about 11 million illegal immigrants to work legally in the country…
Michael A. Fletcher and Darryl Fears

Sales of Existing Homes Slow More Than Expected
Sales of previously owned U.S. homes slowed more than expected in October, and available inventory jumped to the highest level in almost 20 years, signaling that the housing boom has probably ended, the National Association of Realtors said yesterday.
Sandra Fleishman

washingtonpost.com

Snyder Wins Six Flags Board Seats
NEW YORK (Dow Jones/AP) — The Washington Redskins may have a losing record but their owner knows the sweet smell of success in one of his other business interests.
AP

U.S., City Officials Demand Spending Probe
Congressional and city officials called yesterday for investigations into how the District spends hundreds of millions of dollars annually in violation of laws and policies designed to avoid waste and fraud.

Dan Keating and David S. Fallis

2nd Adviser Endorses Snyder's Six Flags Plan
Glass Lewis & Co., a San Francisco-based shareholder advisory firm, has recommended that Six Flags Inc. investors vote Redskins owner Daniel M. Snyder and two others onto the board of the theme-park company.
Annys Shin

Dow Ends Down 3, Nasdaq Closes Down 7 - The Ledger

Dow Ends Down 3, Nasdaq Closes Down 7 - Gadsden Times (subscription)

Md. Businessman Mentioned In Probe of Former Senator
One of Maryland's most powerful political financiers personally intervened in the award of a construction contract that has become part of the state's largest federal corruption investigation in many years, according to the person who oversaw the project and later testified about the contract to a…
Eric Rich and Matthew Mosk

Air Force Erred With No-Bid Iraq Contract, GAO Says
The Air Force, under pressure from the Pentagon, committed a "gross error" last year when it rushed to sign a no-bid contract for advisers to help plan and implement Iraq's national elections and draft its constitution, the Government Accountability Office has ruled.
Renae Merle

This Firm Wins Even if Knight Ridder Loses
Bruce Sherman, the money manager who has forced the Knight Ridder newspaper chain to put itself up for sale because its stock performance has been crummy, has performance issues of his own.
Allan Sloan

Night and Day in New Orleans
NEW ORLEANS — The arched spine of high ground along the Mississippi River here pulses again three months after Hurricane Katrina — the $19 appetizer has returned to the French Quarter restaurant scene, guys in suits ride office-tower elevators, hipsters linger over chicory coffee on Magazine…
Manuel Roig-Franzia and Ceci Connolly

washingtonpost.com