Copyright 2006 The New York Times Company
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As it seeks to bolster its flagging share price, General Electric may be willing to dispense with the business from which it sprang: the light bulb.
Read G.E. May Spin Off Its Consumer and Industrial Unit (Links)
As shareholders of Fannie Mae and Freddie Mac watched their investments plunge in value, short sellers, who bet against stocks, could count their winnings.
Read For Short Sellers, It Doesn?t Get Much Better (Links)
Fewer people signed up for unemployment benefits last week, but the drop was not enough to overcome continuing weakness in the country?s labor market.
Read Sustained Weakness in Jobs Market, Despite Fewer Claims for Benefits (Links)
The former owner of the American Financial Capital Corporation, a business that raised money for hedge funds, pleaded guilty to a tax shelter conspiracy and agreed to cooperate in a federal investigation.
Read Guilty Plea in Case of Illegal Shelters (Links)
Magazine ad sales fell more than 8 percent in the second quarter, with the steepest drops in ads for vehicles and for computers and related equipment.
Read In Deepening Ad Decline, Sales Fall 8% at Magazines (Links)
The Chevron Corporation said that second-quarter oil output fell to the lowest level since 2005 as record energy prices reduced the company?s share of output in countries like Nigeria and Indonesia.
Read Chevron Reports Oil Output Slips (Links)
The White House has threatened a veto of the bill, and differences between the Senate and House must still be worked out.
Read Housing-Rescue Bill Advances in Senate (Links)
The chief executive of General Motors did his best to strike down rumors that the automaker might seek bankruptcy protection soon.
Read G.M. Chief Dismisses Crisis Talk as Inaccurate (Links)
The hotel operator Marriott International said that second-quarter earnings dropped 24 percent as the deteriorating economy dragged down demand.
Read Marriott Says Profit Fell 24 Percent (Links)
Senior Washington officials said that Fannie Mae and Freddie Mac, the nation?s main backers of mortgages, had sufficient capital, as their stocks plunged to 17-year lows.
Read Officials Rush to Reassure Markets About Loan Agencies (Links)
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