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MSNBC.com: Businesshttp://www.msnbc.msn.com/id/3032072/MSNBC.com is a leader in breaking news and original journalism.Copyright 2008 msnbc.comen-ushttp://msnbcmedia.msn.com/i/msnbc/SiteManagement/SiteWide/Images/msnbc_logo.gifMSNBC.comhttp://www.msnbc.msn.com/Wed, 08 Oct 2008 00:58:09 GMTNews60After bailout, AIG sent executives to the spaOct. 7: Congress sharply criticized two former CEOs of AIG on Tuesday for costing taxpayers $85 billion in a government bailout while the insurance giant's executives profited. NBC's Lisa Myers <b>reports.</b>  (Nightly News)Less than a week after the federal government had to bail out American International Group Inc., the company sent executives on a $440,000 retreat to a posh California resort, lawmakers investigating the company's meltdown said Tuesday.]]>http://www.msnbc.msn.com/id/27075884/Nightly NewsCopyright msnbc.com 2008Oct. 7: Congress sharply criticized two former CEOs of AIG on Tuesday for costing taxpayers $85 billion in a government bailout while the insurance giant's executives profited. NBC's Lisa Myers <b>reports.</b>  (Nightly News)]]>Wed, 8 Oct 2008 00:48:09 GMTBusinesshttp://www.msnbc.msn.com/id/27075884/A new, more powerful Fed emerges in crisisFed Chairman Ben Bernanke's words have always loomed large over the traders on the New York Stock Exchange.Dusting off Depression-era emergency powers, the Federal Reserve is extending its reach over the economy as never before, pushing the limits of its authority, if not exceeding them.]]>http://www.msnbc.msn.com/id/27074536/APFed Chairman Ben Bernanke's words have always loomed large over the traders on the New York Stock Exchange.]]>Tue, 7 Oct 2008 22:25:03 GMTBusinesshttp://www.msnbc.msn.com/id/27074536/Rush is on to hire companies to manage bailoutThe Treasury Department has set an extremely short timetable for picking the companies that will help manage its $700 billion bailout program.http://www.msnbc.msn.com/id/27075332/Tue, 7 Oct 2008 23:37:04 GMTBusinesshttp://www.msnbc.msn.com/id/27075332/Stocks end trading day with another big lossFederal Reserve Chairman Ben Bernanke warned in a speech on the economy Tuesday that the financial crisis could extend the difficulty the economy is facing.Wall Street sank into a deeper depression Tuesday, extending its heavy losses as enthusiasm over Federal Reserve efforts to inject confidence into credit markets gave way.]]>http://www.msnbc.msn.com/id/3683270/APFederal Reserve Chairman Ben Bernanke warned in a speech on the economy Tuesday that the financial crisis could extend the difficulty the economy is facing.]]>Tue, 7 Oct 2008 23:12:40 GMTBusinesshttp://www.msnbc.msn.com/id/3683270/Bernanke opens door to Fed cutting ratesOct. 7: Federal Reserve Chairman Ben Bernanke gives a recent history of the financial markets and describes how and why the government intervened. (MSNBC)Federal Reserve Chairman Ben Bernanke warned Tuesday that the financial crisis has not only darkened the country's current economic performance but also could prolong the pain.]]>http://www.msnbc.msn.com/id/27070532/MSNBCCopyright msnbc.com 2008Oct. 7: Federal Reserve Chairman Ben Bernanke gives a recent history of the financial markets and describes how and why the government intervened. (MSNBC)]]>Tue, 7 Oct 2008 18:03:25 GMTBusinesshttp://www.msnbc.msn.com/id/27070532/Neiman Marcus catalog remains extravagantThe 82nd edition of the Neiman Marcus Christmas Book offers the limited edition 2009 BMW Individual 7 Series Sedan for $160,000.With stock markets sinking and fear of recession rising, what's the affluent consumer to do? Neiman Marcus hopes a few of them will escape the grim headlines by splurging on diamonds, Dior and other diversions.]]>http://www.msnbc.msn.com/id/27073260/APThe 82nd edition of the Neiman Marcus Christmas Book offers the limited edition 2009 BMW Individual 7 Series Sedan for $160,000.]]>Tue, 7 Oct 2008 20:46:54 GMTBusinesshttp://www.msnbc.msn.com/id/27073260/Riding dinosaur, robot top hot holiday toy listKota the Triceratops made by Hasbro Inc.'s Playskool division, retails for about $300.A lifelike baby Triceratops that children can ride on, a Wall-E robot that responds to your voice, a dancing game that eliminates wires and mats.]]>http://www.msnbc.msn.com/id/27072238/APKota the Triceratops made by Hasbro Inc.'s Playskool division, retails for about $300.]]>Tue, 7 Oct 2008 22:23:35 GMTBusinesshttp://www.msnbc.msn.com/id/27072238/Fed saw equal risks in inflation, lack of growthEven in the midst of a severe meltdown, Federal Reserve officials at their September meeting believed the risks from weaker growth and higher inflation were roughly equal.http://www.msnbc.msn.com/id/27071052/Tue, 7 Oct 2008 18:48:46 GMTBusinesshttp://www.msnbc.msn.com/id/27071052/AmEx rates credit risk by where you live, shopComputer consultant Jesse Gilleland, 37, of Stafford, Va., had two American Express cards canceled and the limit on a third card cut. The company said the decision was based in part on where he  shops and who holds his mortgage.As the global credit crunch reaches beyond Wall Street, some American Express customers are seeing credit limits reduced because of where they live, where they shop and who holds their mortgage.]]>http://www.msnbc.msn.com/id/27055285/for msnbc.comComputer consultant Jesse Gilleland, 37, of Stafford, Va., had two American Express cards canceled and the limit on a third card cut. The company said the decision was based in part on where he  shops and who holds his mortgage.]]>Tue, 7 Oct 2008 10:42:13 GMTBusinesshttp://www.msnbc.msn.com/id/27055285/Consumer borrowing hits a 10-year lowGovernment data show consumer borrowing in the U.S. fell in August for the first time in more than a decade as households, battered by rising job layoffs and the worsening economy, cut back sharply on their use of credit.http://www.msnbc.msn.com/id/27072016/Tue, 7 Oct 2008 19:16:30 GMTBusinesshttp://www.msnbc.msn.com/id/27072016/Crunch spreading to credit cardsConsumers with credit card debt can expect to feel the walls closing in on them in the coming months, as card-issuing banks search for creative ways to cut back on risk and raise cash.http://redtape.msnbc.com/Tue, 7 Oct 2008 14:19:14 GMTBusinesshttp://redtape.msnbc.com/Slowing economy hitting state tax revenuesState tax revenue rose slightly in the second quarter, but revenue from sales tax, fuel tax and property tax all dropped compared to a year ago, according to a report released Tuesday.http://www.msnbc.msn.com/id/27052714/Tue, 7 Oct 2008 20:18:46 GMTBusinesshttp://www.msnbc.msn.com/id/27052714/Source: Wells may acquire 80% of WachoviaWells Fargo & Co. is likely to get about 75 percent to 80 percent of Wachovia Corp.'s deposits, while Citigroup is likely to get closer to 20 percent to 25 percent of the deposits.http://www.msnbc.msn.com/id/27072525/Tue, 7 Oct 2008 21:17:35 GMTBusinesshttp://www.msnbc.msn.com/id/27072525/Alcoa’s third-quarter profit falls 52 percentAluminum producer Alcoa Inc. says its third-quarter earnings plunged 52 percent due to sharply lower prices, weaker demand and higher costs.http://www.msnbc.msn.com/id/27074052/Tue, 7 Oct 2008 21:31:35 GMTBusinesshttp://www.msnbc.msn.com/id/27074052/Yum sees 3rd-quarter earnings rise 5 percentFast-food company Yum Brands Inc. said Tuesday its third-quarter profit grew by 5 percent, led by surging sales in its China operations that offset a decline in U.S. results.http://www.msnbc.msn.com/id/27073196/Tue, 7 Oct 2008 22:02:57 GMTBusinesshttp://www.msnbc.msn.com/id/27073196/EU reaches agreement on tackling bank crisisLearn how the U.S. economic crisis is sending shockwaves around the world.The European Union's 27 governments agreed Tuesday to guarantee private savings of up to 50,000 euros for one year.]]>http://www.msnbc.msn.com/id/27068380/Learn how the U.S. economic crisis is sending shockwaves around the world.Copyright msnbc.com 2008Learn how the U.S. economic crisis is sending shockwaves around the world.]]>Tue, 7 Oct 2008 15:49:36 GMTBusinesshttp://www.msnbc.msn.com/id/27068380/Global efforts to tackle credit crisis divergeHopes for a coordinated interest rate cut among the world's major economies to ease a global credit crunch have been anything but in sync the last couple days in Asia.http://www.msnbc.msn.com/id/27066846/Tue, 7 Oct 2008 16:42:33 GMTBusinesshttp://www.msnbc.msn.com/id/27066846/Newsweek: Blaming poor for subprime mess is wronghttp://www.newsweek.com/id/162789Tue, 7 Oct 2008 14:15:17 GMTBusinesshttp://www.newsweek.com/id/162789GM could sell its Detroit HQ to raise cashOct. 7: Shares of GM and Ford are hitting multi-decade lows, and GM is considering selling its Detroit headquarters to raise cash. CNBC’s Phil LeBeau <b>reports.</b> (CNBC)General Motors Corp. says it is looking to take out a mortgage on its towering headquarters complex as it continues efforts to raise cash to operate in an era of tight credit.]]>http://www.msnbc.msn.com/id/27071920/CNBCCopyright msnbc.com 2008Oct. 7: Shares of GM and Ford are hitting multi-decade lows, and GM is considering selling its Detroit headquarters to raise cash. CNBC’s Phil LeBeau <b>reports.</b> (CNBC)]]>Tue, 7 Oct 2008 20:05:41 GMTBusinesshttp://www.msnbc.msn.com/id/27071920/Proposed bill would be boon to unionsThe Employee Free Choice Act could speed up the process of forming a union by allowing workers to bypass a formal vote and imposing hefty fines on employers that violate employee rights.]]>http://www.msnbc.msn.com/id/26904053/Duane Hoffmann / msnbc.com]]>Mon, 6 Oct 2008 22:24:43 GMTBusinesshttp://www.msnbc.msn.com/id/26904053/Oil rebounds after falling to 8-month lowOil prices rebounded slightly, hovering near $89 a barrel after some stability returned to the shaky financial system and encouraged investors to cautiously re-enter the market.]]>http://www.msnbc.msn.com/id/12400801/]]>Tue, 7 Oct 2008 22:01:28 GMTBusinesshttp://www.msnbc.msn.com/id/12400801/Government warns of high winter heat costsThe cost of heating your home this winter will be a lot more expensive, especially for households that depend on fuel oil, the Energy Department predicted Tuesday.http://www.msnbc.msn.com/id/27065995/Tue, 7 Oct 2008 13:15:26 GMTBusinesshttp://www.msnbc.msn.com/id/27065995/Gas below $3.50 for first time since AprilU.S. retail gasoline prices fell 15 cents a gallon over the last week, dropping below an average $3.50 a gallon for the first time in six months, the government said on Monday.http://www.msnbc.msn.com/id/27065523/Tue, 7 Oct 2008 12:58:36 GMTBusinesshttp://www.msnbc.msn.com/id/27065523/Iceland teeters on the brink of bankruptcyIceland's Prime Minister Geir H. Haarde, at podium, speaks at a press conference in Reykjavik on Tuesday.This volcanic island near the Arctic Circle is on the brink of becoming the first “national bankruptcy” of the global financial meltdown.]]>http://www.msnbc.msn.com/id/27065178/APIceland's Prime Minister Geir H. Haarde, at podium, speaks at a press conference in Reykjavik on Tuesday.]]>Tue, 7 Oct 2008 20:08:31 GMTBusinesshttp://www.msnbc.msn.com/id/27065178/
 

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