Yahoo! News: Business

Business

• 1. Defensives lift Dow, S&P but tech weighs on Nasdaq (Reuters)

• 2. Icahn mulls another run at Delphi Corp: report (Reuters)

• 3. Geithner: Too soon to withdraw economic stimulus (Reuters)

• 4. Theme park firm Six Flags files for bankruptcy (Reuters)

• 5. Canada decries "rising tide" of U.S. protectionism (Reuters)

• 6. European stocks slip on eurozone data (AFP)

• 7. Higher rates, oil prices threaten US recovery (AFP)

• 8. NJ mortgage company president guilty in $139M scam (AP)

• 9. Opel rescue opens Pandora box for German state aid (AFP)

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Defensives lift Dow, S&P but tech weighs on Nasdaq (Reuters)  

2009-06-12 20:38

business

Reuters - The Dow moved into positive territory for the year for the first time since early January on Friday, lifted by defensive sectors like pharmaceuticals while a disappointing outlook from National Semiconductor weighed on technology stocks.

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Icahn mulls another run at Delphi Corp: report (Reuters)  

2009-06-13 17:14

business

Reuters - Activist investor Carl Icahn is considering making another attempt to take over bankrupt auto parts supplier Delphi Corp , the New York Post reported on Saturday.

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Geithner: Too soon to withdraw economic stimulus (Reuters)  

2009-06-13 17:24

business

Reuters - U.S. Treasury Secretary Timothy Geithner said on Saturday it was too early to start withdrawing stimulus for the world's top economies, but governments should pledge a return to more sustainable fiscal policies in the future.

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Theme park firm Six Flags files for bankruptcy (Reuters)  

2009-06-13 15:00

business

Reuters - Six Flags Inc , the world's largest regional theme park company, said on Saturday it filed for bankruptcy protection.

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Canada decries "rising tide" of U.S. protectionism (Reuters)  

2009-06-13 19:54

business

Reuters - Canada decried on Saturday a "rising tide of protectionism" in the United States, but Secretary of State Hillary Clinton said the "Buy American" provisions in an economic stimulus package will not interfere with U.S. trade obligations.

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European stocks slip on eurozone data (AFP)  

2009-06-12 11:11

business

AFP - Europe's main equity markets fell on Friday, despite gains elsewhere amid mounting global recovery hopes, as investors absorbed the latest downbeat data in the recession-blighted eurozone.

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Higher rates, oil prices threaten US recovery (AFP)  

2009-06-14 04:59

business

AFP - Rising bond yields are taking a toll on home mortgage and corporate lending rates and together with jumping oil prices are threatening the expected US recovery from prolonged recession.

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NJ mortgage company president guilty in $139M scam (AP)  

2009-06-12 00:07

business

AP - The former president of a New Jersey mortgage company has pleaded guilty in a $139 million fraud scheme that bankrupted his firm.

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Opel rescue opens Pandora box for German state aid (AFP)  

2009-06-14 04:28

business

AFP - Germany, having orchestrated a rescue for automaker Opel, is trying to keep the lid on a Pandora's box of state aid, even if it means turning away luxury sports carmaker Porsche and retailer Arcandor.

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