Salinas Sees Circuit City Opportunity
online.wsj.com — By MARY ELLEN LLOYD Mexican billionaire Ricardo Salinas Pliego, who has accumulated a 28.5% stake in Circuit City Stores Inc. in recent days to become its largest shareholder, is exploring options that include a possible purchase of the retailer out of ........More… (Business)
China's US Debt Holdings Pass Japan
washingtonpost.com — By Anthony Faiola and Zachary A. Goldfarb China passed Japan to become the US government's largest foreign creditor in September, the Treasury Department announced yesterday, reflecting the dramatic expansion of Beijing's economic influence over the ........More… (Business)
Asian, Pacific stocks slump despite Wall Street gains
cnn.com — (CNN) -- Asian and Pacific stocks slumped in early trading Wednesday despite modest gains on Wall Street. Japan's Nikkei index and Australia's All Ordinaries index each dropped just under 2 percentage points, while Seoul's KOSPI index fell 3.75 percent ........More… (Business)
Thanksgiving air travel expected to drop 10%
latimes.com — Car travel is likely to decline too, says AAA. Penny pinchers are expected to stay close to home and use cheaper ways to visit family such as trains and buses......More… (Business)
ON Semi, Microchip drop hostile bid for Atmel
reuters.com — PHILADELPHIA (Reuters) - Chipmaker ON Semiconductor Corp (ONNN.O: Quote, Profile, Research, Stock Buzz) dropped its hostile offer to acquire Atmel Corp (ATML......More… (Business)
United wins pilots lawsuit; may make holiday trips smoother
usatoday.com — By Marilyn Adams, USA TODAY United Airlines Tuesday won a major court battle against its pilots union that could ensure a smoother holiday travel season for its passengers......More… (Business)
Paulson, Democrats Clash on Bailout for Homeowners (Update2)
bloomberg.com — By Rebecca Christie and Alison Vekshin Nov. 18 (Bloomberg) -- Treasury Secretary Henry Paulson rejected using the government's financial-rescue program as a ``panacea'' for economic difficulties, clashing with lawmakers who want the funds to help ........More… (Business)
US Stocks Rally, Led by Energy, Computer Shares; Exxon Gains
bloomberg.com — By Eric Martin Nov. 18 (Bloomberg) -- US stocks gained in the last hour of trading as a rally in energy and technology shares overpowered earlier declines spurred by a drop in homebuilder confidence to the lowest level on record......More… (Business)