Archive for July 9th, 2008


Canada.com
Yahoo Opens Search Technology To Third-Party Search Engines
CNNMoney.com - 28 minutes ago
SAN FRANCISCO -(Dow Jones)- Yahoo Inc. (YHOO) is hoping to boost revenue and steal market share from rival Google Inc. (GOOG) with a new plan that opens its search technology to third-party developers who want to build their own search engines.
In an effort to disrupt, Yahoo further opens search MarketWatch
Yahoo to offer its search services to outside firms Reuters
Los Angeles Times - Search Engine Land - GigaOm - CIO
all 45 news articles

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Fannie Mae, Freddie Losses Make Them `Insolvent,' Poole Says
Bloomberg - 1 hour ago
By Dawn Kopecki July 10 (Bloomberg) — Borrowing at Fannie Mae, the government-sponsored mortgage company, has never been so expensive and it may not get better any time soon.
US Mulls Future of Fannie, Freddie Wall Street Journal
Fannie, Freddie Resume Their Free Fall BusinessWeek
Reuters - MarketWatch - CNNMoney.com - Washington Post
all 897 news articles

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Los Angeles Times
Sharp Fall for Stocks Amid Angst in Lending
New York Times - 5 hours ago
By MICHAEL M. GRYNBAUM Half an hour was all it took for a dreary day on Wall Street to turn dire. Widespread fear about the health of the mortgage industry took hold Wednesday afternoon, and investors could not shake the jitters.
Market Instability Continues In Sell-Off Washington Post
It's no bull: S & P 500 in bear turf Los Angeles Times
BusinessWeek - Wall Street Journal - The Associated Press
all 657 news articles

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New York Times
Pentagon Gives Boeing New Chance at Contract
New York Times - 43 minutes ago
By LESLIE WAYNE The Pentagon announced on Wednesday that it would reopen bidding on a $35 billion contract for midair refueling tankers, allowing Boeing to continue its effort to wrest the business from a partnership of Northrop Grumman and the
Video: New bids for US tankers ReutersVideo
McCain says wants US defense acquisition reform Reuters
CNNMoney.com - Forbes - guardian.co.uk - Kansas City Star
all 982 news articles

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Chicago Tribune
Steve & Barry's files for bankruptcy protection
The Associated Press - 45 minutes ago
NEW YORK (AP) - Steve & Barry's LLC, once a growing force in low-priced fashion retailing, said Wednesday that it filed for Chapter 11 bankruptcy protection, the latest merchant to succumb to a harsh consumer spending climate.
Steve & Barry's Files for Chapter 11, Wall Street Journal
Steve & Barry's, Discount Retailer, Seeks Bankruptcy (Update2) Bloomberg
MarketWatch - New York Times - Reuters - Bizjournals.com
all 430 news articles

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Wachovia Hires a Treasury Insider to Lift It Out of Its Banking Woes
New York Times - 31 minutes ago
By ERIC DASH From his perch inside the Treasury Department, Robert K. Steel has wrestled with the troubles plaguing America’s financial industry.
Wachovia names Robert Steel new CEO MarketWatch
UPDATE 3-Wachovia names Steel CEO, sees $2.6-2.8 bln loss Reuters
Bloomberg - Bizjournals.com - CNNMoney.com - Forbes
all 228 news articles

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Press of Atlantic City
Wachovia Names Treasury's Steel Chief, Posts Loss (Update2)
Bloomberg - 1 hour ago
By David Mildenberg July 9 (Bloomberg) — Wachovia Corp., the fourth-biggest US bank, named Treasury Undersecretary Robert Steel as chief executive officer to stanch losses caused by bad loans.
UPDATE: Wachovia Names Robert Steel As CEO, Sees 2Q Loss CNNMoney.com
Wachovia Gets Worse Forbes
guardian.co.uk - MarketWatch - Bizjournals.com - The Associated Press
all 187 news articles

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ABC News
Air Force Reopens Bidding on Flawed Tanker Contract
New York Times - 39 minutes ago
EADS and Northrop Grumman won out in February with plans for a refueling tanker, in a rendering above with a B-2 bomber. By LESLIE WAYNE The Air Force will reopen the bidding for a multibillion-dollar contract for midair refueling tankers,
EADS CEO Welcomes Pentagon Decision On Fuel Tanker Contract CNNMoney.com
US reopening contest to build aerial tankers guardian.co.uk
Forbes - Reuters - MarketWatch - Wall Street Journal
all 833 news articles

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AFP