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FINANCE
Today's Business Headlines
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Guinness beer owner Diageo PLC rattled an Irish icon Friday, announcing plans to lay off more than half of its brewery workers, close two breweries and shift most production to a new, high-tech plant in the Dublin suburbs by 2013.
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Circuit City Stores Inc. on Friday gave in to pressure from activist shareholders, essentially putting itself up for sale and agreeing to nominate dissident directors to its board.
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Citigroup Inc. said Friday it aims to shed about $500 billion in assets and grow revenue by 9 percent over the next few years, as it tries to rebound from massive losses tied to deterioration in the mortgage and credit markets.
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Guinness beer owner Diageo PLC rattled an Irish icon Friday, announcing plans to lay off more than half of its brewery workers, close two breweries and shift most beer production to a new, high-tech plant in the Dublin suburbs by 2013.
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WASHINGTON (AP) _ Democrats' plans to help hundreds of thousands of homeowners struggling with rising subprime mortgage rates and plummeting house values could be sidetracked by President Bush's threatened veto and the backing of many congressional Republicans. Opponents of the plan say more prudent homebuyers and renters shouldn't be called upon to bail out borrowers who gambled on ever-rising housing prices and lost.
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FINANCE VIDEOS - U.S.
Oil, Dollar Hit U.S. Farmers - video
U.S. farmers busy planting the new corn crop are feeling the pinch ...
Investors Jittery On Oil and Financials - video
U.S. stocks fell in early Friday trade as oil sold over $126 a barrel ...
Stocks Rise Along With Oil - video
US stocks rebound as higher raw material prices lifted shares of ...
US Shoppers Go Back To Basics - video
Consumers are spending at discount retailers, but the focus is on the ...
FINANCE VIDEOS - EUROPE
Oil Prices Hit The Gas - video
Another week, another record for oil which continues to rise skyward. ...
Financials And Oil Weigh On Market - video
Dresdner announces further writedowns putting pressure on parent ...
Vestas Sales Head Downwind - video
Vestas, the world's largest maker of wind turbines, posts a ...
Best Buy Enters Europe With Carphone - video
U.S. electical goods retailer Best Buy seals Carphone Warehouse deal ...
FINANCE VIDEOS - ASIA
Japan Smokers May Pay More - video
Rising materials costs may hit Japan consumers in their front ...
Asia Stocks Drop - video
Soaring oil prices again weigh on Asian stocks. 5/2008 ...
Toyota Profit Hits Speed Bump - video
Toyota announced a fall in quarterly net profit, hit by a stronger ...
Asia Stocks Slip - video
Refiners slip as oil pushes to another record high. 5/2008 ...