Archive for July 11th, 2008

Stop speculation now - transit groups

Friday, July 11th, 2008
Speculation by financial traders is causing a substantial boost in crude oil prices, according to a group of big consumers of oil now asking Congress to impose limits on commodity markets.

Senate poised to pass housing bill

Friday, July 11th, 2008
The saga still isn't over, but after months of debate on Capitol Hill, the Senate seemed poised Friday to finally pass a comprehensive housing and foreclosure prevention bill.

World’s most profitable companies

Friday, July 11th, 2008
Exxon Mobil again tops Fortune's list of top earners. Which other companies are among the most profitable on the planet?

MySpace goes to the movies

Friday, July 11th, 2008
The Toronto Film Festival has been the launching pad for many an Academy Award-winning movie. "Ray," the gripping tale of legendary singer Ray Charles' rise to fame and his battle with drug addiction, was unveiled at the festival several years ago. So was "Crash," the gritty saga of racial and social strife in Los Angeles.

Real estate boom - in the desert

Friday, July 11th, 2008
Doug Buchanan grins with relief when he sees the carcasses. He has just driven up a steep dirt road onto a vast, sunbaked mesa overlooking the Mojave Desert in western Nevada. There, a few feet from the trail, lie the corpses of two steers. A raven perches on one, the only object more than three feet above the ground on this pancake-flat plateau. Cattle, dead or alive, qualify as good news in Buchanan's line of work. If cattle are present, that means grazing is permitted, and that in turn means that this land is most likely not protected habitat for the desert tortoise.

Bush pushes Congress on offshore drilling

Friday, July 11th, 2008
Read full story for latest details.

Fannie and Freddie on the brink

Friday, July 11th, 2008
The anxiety over Fannie Mae and Freddie Mac, crucial to a recovery of the battered housing market and the economy as a whole, reached fever pitch on Friday as shares plunged on speculation of a looming bailout.

First Solar jumps into the utility business

Friday, July 11th, 2008
The Google of renewable energy wins approval to build California's first thin-film solar power plant.

Wall Street hammered

Friday, July 11th, 2008
Stocks tumbled Friday amid surging oil prices and growing fears that the government will have to take over beleaguered mortgage finance companies Fannie Mae and Freddie Mac.

Martha Stewart: down but definitely not out

Friday, July 11th, 2008
What's cooking with Martha Stewart? No, It's not the name of a new segment on her TV show, one of her recipe books, or a page in her eponymous magazine (well, actually it might be). But it is a serious question about all the activity at Martha Stewart Living Omnimedia lately. Its stock is down nearly 60% over the past year and MSLO has gone through a raft of changes - most notably the abrupt departure of well-regarded CEO Susan Lyne last month.