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Business - Top Stories latest news

Business - Top Stories latest news


Big Oil Profits Go To Investors, Not R&D
As giant oil companies like Exxon Mobil and ConocoPhillips get set to report what will probably be another round of eye-popping quarterly profits, just where is all that money going?
CBS News Tuesday, July 22, 2008

Telecom gear makers anticipate windfall
Winners of new wireless licences will need to spend billions more to upgrade or build from scratch their high-speed networks
The Globe and Mail Tuesday, July 22, 2008

LA police might change officer discipline process
Los Angeles police Chief William Bratton wants to loosen his department's review and punishment process for officers who violate use-of-force rules. The Los Angeles Police Commission is set to vote Tuesday on Bratton's proposal, which would alter a review...
San Francisco Chronicle Tuesday, July 22, 2008

Calculator estimates Social Security income / Web site will also offer convenient benefits application
People planning for retirement got a new tool this week: a fast and easy online estimator for their Social Security benefits. The Social Security Administration unveiled its retirement estimator on its Web site Monday. It takes just a few points and clicks...
San Francisco Chronicle Tuesday, July 22, 2008

Cholesterol drug Vytorin fails new trial / Schering-Plough, Merck shares sink on heart valve study results
In the latest disappointment for cholesterol pill Vytorin, a major European study in patients with heart valve disease found the drug didn't prevent worsening of the disease or lower the need for valve surgery, sending its makers' stock plunging. Results of a...
San Francisco Chronicle Tuesday, July 22, 2008

Huntsman shareholder files suit against Hexion
A Huntsman Corp. shareholder has launched her own offensive against Hexion Specialty Chemicals' attempt to back out of its agreement to acquire the Utah-based chemicals conglomerate.
The Salt Lake Tribune Tuesday, July 22, 2008

Lawmakers move to curb Fannie Mae, Freddie Mac pay
Democrats and Republicans queasy about a federal rescue of mortgage giants Fannie Mae and Freddie Mac are coalescing around the idea of letting the government slap limits on the multimillion-dollar pay packages of their executives. Key lawmakers _ puzzling...
San Francisco Chronicle Tuesday, July 22, 2008

Face-Off For StudiVZ
German Web site doesn't deny it's similar to Facebook, but accuses rival of trying to create monopoly over social networking sites.
Forbes Tuesday, July 22, 2008

Bush Prods Congress, as Financers Are Inspected
Treasury Secretary Henry M. Paulson Jr. said examiners are inspecting the books of Fannie Mae and Freddie Mac.
The New York Times Tuesday, July 22, 2008

A Locally Grown Diet With Fuss but No Muss
A new business serves those who want to eat food grown close to home but do not want to get their hands dirty.
The New York Times Tuesday, July 22, 2008

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