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Business - Top Stories latest news



G-8 leaders face ominous economic woes this year
Between surging oil prices, food inflation and a credit crunch that's depressed global growth, leaders from the Group of Eight economic powers face the gravest combination of economic woes in at least a decade when they gather next week. The outlook has...
San Francisco Chronicle Friday, July 04, 2008

State didn't try to collect fine from Blue Cross / Health care enforcers admit they knew they'd be outgunned in court
California regulators admitted Thursday that for more than a year they didn't even try to enforce a million-dollar fine against health insurer Anthem Blue Cross because they knew they would be outgunned in court. In early 2007, the Department of Managed...
San Francisco Chronicle Friday, July 04, 2008

North Korea complains of slow energy shipment
North Korea says its nuclear negotiating partners should quickly live up to its energy shipment under an aid-for-disarmament deal. The North's Foreign Ministry said Friday that it showed its resolve to disarm by submitting its nuclear declaration and...
San Francisco Chronicle Friday, July 04, 2008

Phelps, Lochte, Peirsol, Coughlin in the swim
Michael Phelps vs. Ryan Lochte. Lochte vs. Aaron Peirsol. Natalie Coughlin vs. Dara Torres. Great rivalries abound in three finals at the U.S. Olympic swimming trials Friday night. And Amanda Beard goes for her fourth Olympic team in the 200-meter...
San Francisco Chronicle Friday, July 04, 2008

World stocks slip again
LONDON (Reuters) - World stocks slipped back towards this week's five-month low on Friday as oil prices near record highs kept inflation concerns alive a day after the European Central Bank raised interest rates.
Reuters Friday, July 04, 2008

Fund Manager Turned Fugitive Is Sent to Prison
Samuel Israel III, the hedge fund manager who fled after faking a suicide, went to prison on Thursday, 25 days late.
The New York Times Friday, July 04, 2008

Ex-Refco Chief Sentenced to 16 Years in Cover-Up
Phillip R. Bennett was sentenced for a financial cover-up that brought down one of the world's largest commodities brokerages.
The New York Times Friday, July 04, 2008

Europeans concerned that U.S. banking problems may spread
In poll, Spaniards and Italians are especially fearful of fallout from U.S. subprime mortgage crisis
International Herald Tribune Friday, July 04, 2008

Fighting Inflation, Europeans Raise Rate
The European Central Bank, spooked by soaring prices for food and fuel, raised its benchmark interest rate a quarter of a percentage point to 4.25 percent.
The New York Times Friday, July 04, 2008

Lax Real Estate Decisions Hurt Starbucks
Starbucks's biggest mistakes and greatest challenges boil down to three words: location, location and location.
The New York Times Friday, July 04, 2008

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