The Greenwash Brigade
Environmental professionals scrutinize eco-friendly claims by businesses, governments and groups. Check out their reports.
The Middle East @ Work
No region outside the United States affects Americans' pocketbooks, politics and portfolios more than the Middle East.
The Wire: Latest headlines
FedEx cuts 4Q profit forecast, blames fuel costs
Stocks decline as AIG reveals need for cash, oil surges
Gas jumps above $3.67, oil passes $126 on Venezuela concerns
March trade deficit drops by bigger-than-expected amount
Circuit City allows Blockbuster, Icahn to review books
Citigroup to shed nearly $500B in assets
Asset sales boost Clear Channel profit; Deal still in limbo
Diageo brews $1.25B Irish overhaul
Gates: Microsoft to go its own way
FedEx Corp. cut its fourth-quarter earnings expectations Friday, blaming continuing increases in fuel costs.
Wall Street ended the week with a big decline as investors grappled with two of the biggest threats to the economy: fallout from turmoil in the credit market and surging energy prices. All three major indexes suffered losses for the week.
Oil rose above $126 a barrel for the first time Friday, bringing its advance this week to nearly $10, as investors questioned whether a possible confrontation between the U.S. and Venezuela could cut exports from the OPEC member. Gas prices, meanwhile, rose above an average $3.67 a gallon at the pump, following oil's recent path higher.
The U.S. trade deficit narrowed sharply in March as demand for imports fell by the largest amount since the last recession was ending. Analysts forecast that trade would continue to be one of the economy's few bright spots this year.
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.
Citigroup Inc.'s new chief executive, Vikram Pandit, plans to stick with a global banking model after months of intense review _ but only after shrinking the company by about one-fifth first.
Clear Channel Communications Inc., a major radio and outdoor advertising company, reported higher first-quarter earnings Friday on asset sales but operating results were flat, reflecting weak demand for radio advertising.
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.
Microsoft Corp. will focus on growing its own advertising and Internet search business after it withdrew its takeover offer for Yahoo Inc., Chairman Bill Gates said Friday.
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BLOG: The Greenwash Brigade
Our hand-picked environmental professionals examine eco-friendly claims by companies, governments and other groups. See what they're saying.
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Well, my part of the stimulus was $29.95; that won't even cover 1\2 tank of gas. So much for helping stimulate the economy.
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