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Business News - Business, Finance, Economy

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Monday, June 30, 2008 5:20:00 PM

Retailer Kmart said on Monday it has expanded its generic prescription drug program to include more than 500 common medications from about 300 and cut prices for some products as of June 22. Full Story

Oil Slips From Record $143 on U.S. Demand Worries

Monday, June 30, 2008 5:19:00 PM

Oil slipped from a record high above $143 a barrel on Monday as weak U.S. demand countered mounting tensions between OPEC nation Iran and Israel. Full Story

Reports Show U.S. Growth Weak if Not in Recession

Monday, June 30, 2008 5:14:00 PM

The U.S. economy continues to bump along at a slow level of growth but has probably not fallen into recession, a series of regional purchasing managers' reports suggested on Monday. Full Story

U.S. Stocks: Dow and S&P flat, Nasdaq Sinks Amid Bank Fears

Monday, June 30, 2008 5:10:00 PM

The Dow and S&P 500 were little changed on Monday on the final trading day of the second quarter as record oil prices offset weakness in financial stocks hounded by fears of further credit losses. Full Story

Chrysler Cuts Production, Idles Minivan Plant

Monday, June 30, 2008 5:02:00 AM

DETROIT—Chrysler LLC said on Monday it would cut production by closing a U.S. minivan plant and extending summer shutdowns at some of its other factories as the automaker battles slow vehicle sales am ... Full Story

Ballmer Becomes Lone Voice at Microsoft's Helm

Sunday, June 29, 2008 9:00:00 PM

SEATTLE—Steve Ballmer has been CEO at Microsoft Corp for eight years, but he will finally get to move into the corner office vacated by Bill Gates, the college friend who brought him to the company ne ... Full Story

Open-Source Reshaping the Software Industry

Saturday, June 28, 2008 9:27:00 PM

Mozilla, founded by former Netscape employees, celebrates its 10-year anniversary for Firefox this year. According to Matt Asay of CNet, Microsoft has reasons to be concerned. Full Story

Oil Hits Record Over $142 on Rising Investor Flows

Friday, June 27, 2008 9:13:00 PM

Oil prices rose to a record above $142 a barrel on Friday as a drop in global equities markets sent fresh investors into commodities. Full Story

Bright Spots Amid Battered Housing Market

Friday, June 27, 2008 5:31:00 PM

The country is still in the throes of the worst U.S. housing market downturn since World War Two, but glimmers of hope emerged amid a deluge of data this week. Full Story

Sony Ericsson Warns on Profit as Demand Suffers

Friday, June 27, 2008 5:27:00 PM

STOCKHOLM—Mobile phone maker Sony Ericsson warned on Friday it would only break even in the second quarter as demand for its more expensive phones suffers, sending shares in co-parent Ericsson down mo ... Full Story

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