UAW, American Axle reach deal that could end strike
DETROIT (AP) -- American Axle and Manufacturing Holdings Inc. boosted its wage offer and increased the payments it will give workers to take a wage cut as part of a tentative agreement that could settle an 11-week strike by the United Auto Workers union, a person briefed on the deal said Saturday....
Oil sets record near $128; pump price at high, too
NEW YORK (AP) -- News that Saudi Arabia had boosted its oil output by 300,000 barrels a day was greeted as a non-event on oil markets - the move wasn't anywhere near the kind of production increase needed to bring prices down on Friday....
AOL seeks growth in shift from mass site to niches
NEW YORK (AP) -- A company rooted in bringing the Internet to the masses, AOL is shifting its focus toward serving niche audiences with the launch of dozens of specialty Web sites....
AOL sheds its brand to draw specialty audiences
NEW YORK (AP) -- Unless you're looking carefully, you'll likely miss the fact that the new Asylum Web site for young men is a creation of Time Warner Inc.'s AOL. Same for WalletPop on personal finance, Spinner on indie music and StyleList on fashion....
Summer may bring a turning point for stock market
NEW YORK (AP) -- After nine months of turmoil that started with the collapse of the subprime mortgage market, Wall Street appears to be at a turning point of sorts....
Ex-Malaysian leader calls for ban on Halliburton
KUALA LUMPUR, Malaysia (AP) -- Former Prime Minister Mahathir Mohamad on Saturday slammed the government's move to allow U.S. oilfield services provider Halliburton Co. to begin operating in Malaysia, saying the country doesn't need "blood money."...
Rights activists in Peru condemn corporations
LIMA, Peru (AP) -- Human rights activists "ethically and morally" condemned 24 European corporations on Friday, accusing them of environmental contamination, labor exploitation and selling dangerous pesticides in Latin America....
Treasury secretary says markets are calmer now
WASHINGTON (AP) -- Treasury Secretary Henry Paulson said Friday that financial markets are "considerably calmer" now than they were two months ago. He predicted the economy will be rebounding by the second half of this year....
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KNX Business Hour 5.16.2008
Oil prices are skyrocketing at a time when supplies are growing and demand is shrinking. Senator Diane Feinstein blames the "Enron" Loophole" that allows oil trading to go unregulated. She says there's fraud and manipulation in the energy markets.
