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May 17, 2008
Current Business News Making Headlines

GM workers ratify local contract to end that strike
2008-05-16 - GM workers approve local contract to end strike at Lansing-area crossover plant

Stocks pare losses to finish mixed after oil spikes
2008-05-16 - Stocks end mixed as investors digest spike in oil prices, surprise gain in home construction

California winemaking patriarch Robert Mondavi dead at 94
2008-05-16 - Robert Mondavi, the patriarch of California wine country, is dead at age 94

Treasurys fall amid more anxiety about inflation
2008-05-16 - Investors pull out of Treasurie after higher energy prices stoke fears about inflation

FDA orders Texas plant to shut down, recall smoked seafood
2008-05-16 - FDA orders Texas plant to shut down, recall all its smoked seafood since June 2007

Rice futures fall on improved supply outlook
2008-05-16 - Rice futures drop to 6-week low on improved supply outlook; Crude hits record near $128

US will stop sending oil into strategic reserves
2008-05-16 - Energy Department cancels oil shipments into Strategic Petroleum Reserve beginning in July

Treasury secretary says markets are calmer now
2008-05-16 - Treasury secretary describes financial markets as 'considerably calmer' than in March

Saudis see no reason to raise oil production now
2008-05-16 - Saudis tell Bush they see no reason to raise oil production until their customers demand it

Stocks pull back as oil pushes to fresh record
2008-05-16 - Stocks retreat as rising oil erases some enthusiasm over surprise rise in home construction

» Archived Business and Finance Coverage

2008-05-16 - Oil sets record near $128; pump price at high, too ( 10:41:23 )
2008-05-16 - Treasurys rise on mixed economic data ( 10:11:08 )
2008-05-16 - GE plans to exit appliance business ( 10:01:04 )
2008-05-16 - China tallies losses, costs from quake ( 09:46:19 )
2008-05-16 - Fannie Mae scraps higher downpayment requirements ( 08:54:18 )
2008-05-16 - Stocks open flat after housing starts report ( 08:45:17 )
2008-05-16 - GE confirms plans to exit appliance business ( 08:39:13 )
2008-05-16 - Oil pushed above $127 a barrel for first time ( 08:35:49 )
2008-05-16 - Housing posts surprising rebound in April ( 08:26:44 )
2008-05-16 - Tours of Hanford nuclear waste site draw interest ( 07:37:03 )
2008-05-16 - Stock futures up ahead of home construction data ( 06:49:01 )
2008-05-16 - Abercrombie profit edges up on sales increase ( 06:44:00 )
2008-05-16 - France's Orange signs new iPhone deal with Apple ( 06:23:02 )
2008-05-16 - Macy's signs deal to put FAO Schwarz in its stores ( 05:59:21 )
2008-05-16 - BA annual profits more than doubles on int. travel ( 05:57:27 )
2008-05-16 - Oil back above $125 in volatile trading ( 05:20:52 )
2008-05-16 - Euro, pound, yen higher against dollar ( 04:19:50 )
2008-05-16 - Japan stocks edge lower, ending winning streak ( 03:44:05 )
2008-05-16 - UN: World economy to grow by 1.8 percent in 2008 ( 02:23:50 )
2008-05-16 - Dairy farmers pamper cows to boost milk output ( 02:23:28 )
2008-05-16 - China tallies losses, costs from major earthquake ( 02:21:01 )
2008-05-16 - Senate votes to roll back media ownership rule ( 01:59:44 )
2008-05-16 - In South Korea, US reaffirms safety of its beef ( 01:39:55 )
2008-05-16 - Drug combo helps women with advanced breast cancer ( 00:25:06 )
2008-05-16 - '$100 laptop' nonprofit now teamed with Microsoft ( 00:20:00 )
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