Daily News Digest: Business News

Yahoo! Alerts

Yahoo! News | My Alerts | Edit Alert

Monday, February 2, 2009 12:02 AM PST

Sponsored Link Special Offer - Free Trial of Blockbuster.com Rent Movies from Blockbuster.com. Delivered Direct To Your Mailbox. Click here to start today. www.Blockbuster.com

Today's Business News: Most Asian markets fall on bleak earnings AP Investigation: Banks sought foreign workers Street braces for rush of corporate, economic data Oil hovers near $42 as US crude workers may strike AP IMPACT: SWAT teams deployed in 911 fraud Americans' saving more, spending less Stocks stumble as investors fear worsening economy Oil industry profits plunge; no regrets at Exxon Ex-Fannie Mae programmer says not guilty of virus Amazon Sales Jump 18 Percent Despite a Retail Slump Most Asian markets fall on bleak earnings Sun, 1 Feb 2009 11:35 pm PST AP - Most Asian markets sank Monday as investors digested a stew of awful earnings reports from the region's corporate heavyweights and inauspicious signs from Wall Street, where stock averages clocked their worst January ever. Full Story Top AP Investigation: Banks sought foreign workers Sun, 1 Feb 2009 07:47 pm PST AP - Major U.S. banks sought government permission to bring thousands of foreign workers into the country for high-paying jobs even as the system was melting down last year and Americans were getting laid off, according to an Associated Press review of visa applications. Full Story Top Street braces for rush of corporate, economic data Sun, 1 Feb 2009 02:55 pm PST AP - Wall Street is bracing for yet more reminders this week that the economy is in rotten shape. Companies from networking-gear maker Cisco Systems Inc. to media giant Time Warner Inc. are set to report quarterly results, while a steady stream of economic readings is also due. The most recent numbers from companies and the government haven't been roundly awful, but most have. That is stirring fears the economy's slide isn't slowing. Full Story Top Oil hovers near $42 as US crude workers may strike Sun, 1 Feb 2009 11:37 pm PST AP - Oil prices hovered under $42 a barrel Monday in Asia as investors weighed the threat of an oil worker strike in the U.S. against the prospect of more bad economic news this week. Full Story Top AP IMPACT: SWAT teams deployed in 911 fraud Sun, 1 Feb 2009 06:42 pm PST AP - Doug Bates and his wife, Stacey, were in bed around 10 p.m., their 2-year-old daughters asleep in a nearby room. Suddenly they were shaken awake by the wail of police sirens and the rumble of a helicopter above their suburban Southern California home. A criminal must be on the loose, they thought. Full Story Top Americans' saving more, spending less Sun, 1 Feb 2009 12:43 pm PST AP - Americans are hunkering down and saving more. For a recession-battered economy, it couldn't be happening at a worse time. Full Story Top Stocks stumble as investors fear worsening economy Fri, 30 Jan 2009 03:41 pm PST AP - Wall Street ended its worst January ever by stumbling again over the banking system and the economy. Full Story Top Oil industry profits plunge; no regrets at Exxon Sat, 31 Jan 2009 04:22 am PST AP - The extraordinary profits for Exxon Mobil may be over for now, but opportunities abound even in a year that's expected to be miserable for the entire oil and gas industry. Full Story Top Ex-Fannie Mae programmer says not guilty of virus Sun, 1 Feb 2009 04:03 pm PST Reuters - A 35-year-old computer programer pleaded not guilty on Friday to charges that he planted a computer virus designed to destroy all the data on 4,000 Fannie Mae computer servers the day he was fired from the company. Full Story Top Amazon Sales Jump 18 Percent Despite a Retail Slump Fri, 30 Jan 2009 10:34 am PST NewsFactor - Brick-and-mortar stores may have had a terrible 2008, but Amazon thrived. The giant online retailer said its sales in the fourth quarter were up 18 percent to $6.7 billion, compared to $5.67 billion in the same quarter a year ago. Full Story Top

You received this email because you subscribed to Yahoo! Alerts. Use this link to unsubscribe from this alert. To change your communications preferences for other Yahoo! business lines, please visit your Marketing Preferences. To learn more about Yahoo!'s use of personal information, including the use of web beacons in HTML-based email, please read our Privacy Policy. Yahoo! is located at 701 First Avenue, Sunnyvale, CA 94089.