Circuit City allows Blockbuster, Icahn to review books
RICHMOND, Va. (AP) -- 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....
Sovereign, AIG among big market movers
NEW YORK (AP) -- Stocks that are moving substantially or trading heavily Friday on the New York Stock Exchange and the Nasdaq Stock Market:...
Citigroup to shed nearly $500B in assets
NEW YORK (AP) -- 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....
Stocks decline as AIG reveals need for cash, oil surges
NEW YORK (AP) -- 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....
Wall Street looks for more evidence to justify a rally
NEW YORK (AP) -- Wall Street goes into the new week in an upbeat mood, with investors growing more confident that the economy and the financial markets are heading toward a second-half recovery....
Gas jumps above $3.67, oil passes $126 on Venezuela concerns
NEW YORK (AP) -- 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....
Treasurys mainly advance as AIG reports quarterly loss
NEW YORK (AP) -- Treasury prices mostly rose Friday after steeper-than-expected losses at insurer AIG stirred fresh concern about strains still taxing the global financial system and as stocks retreated following another advance in oil prices....
Auto parts supplier Delphi reports wider loss
NEW YORK (AP) -- Auto parts maker Delphi Corp. reported on Friday that it lost more money in the first quarter than it did a year ago, but that an increased credit line will still allow it to emerge from bankruptcy protection intact....
Commodities Review: Wheat drops on higher output forecast
NEW YORK (AP) -- Wheat futures fell sharply Friday after the government forecast increased U.S production and a record global crop, while corn futures surged to a new high on continuing concerns about the weather....
Diageo brews $1.25B Irish overhaul
DUBLIN, Ireland (AP) -- 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....
Icahn prepared to buy Circuit City if Blockbuster can't
NEW YORK (AP) -- Consumer electronics retailer Circuit City Stores said Friday that it will allow Blockbuster to review its books in connection with the video-rental chain's bid to buy the company....
ArcelorMittal sues Esmark over aborted steel mill sale
BALTIMORE (AP) -- ArcelorMittal, the world's largest steelmaker, filed a lawsuit against steelmaker Esmark over the aborted sale of a steel mill near Baltimore....
China producer price index up 8.1 pct
SHANGHAI, China (AP) -- China's producer price index, a key indicator of inflation, rose 8.1 percent in April over the same month a year earlier, the government reported Friday, as a top economic official sought new controls to cool rising prices....
Citigroup targeting 9 percent revenue growth
NEW YORK (AP) -- Citigroup Inc. said Friday it is aiming for 9 percent revenue growth as it looks to rebound from recent struggles tied to deterioration in the mortgage and credit markets....
German insurer Allianz 1Q net profit falls 65 percent
FRANKFURT, Germany (AP) -- German insurer Allianz SE said Friday first-quarter net profit fell 65 percent due to difficult market conditions as it wrote down $1.3 billion tied to the U.S. subprime crisis....
Dollar falls against euro on ECB interest rate signals
FRANKFURT, Germany (AP) -- The dollar fell against the euro Friday after the European Central Bank signaled that it was unlikely it would consider any interest rate cuts in the coming months....
Japan Airlines reduces losses in latest quarter
TOKYO (AP) -- Japan Airlines reduced losses in the January-March quarter from a year earlier on cost cuts but forecast lower profit Friday for this fiscal year, blaming soaring fuel costs and intense competition....
Japanese shares drop on Toyota outlook
TOKYO (AP) -- Japanese shares dropped Friday as selling spread across the board following Toyota's bleak earnings projection....
Listen to interviews with business leaders, CEO's, analysts, economists, innovators & entrepreneurs about the biggest local business developments in our corner of the world.
Former Sox co-owner launches wood-pellet venture
Les Otten of Maine Energy Systems tells WBZ's Anthony Silva that pellet-fueled boilers he's importing from Europe can help homeowners save thousands on heat.
Venture aims to bring wireless broadband to the next level
Clear Wire and Sprint Nextel combining their wireless broadband units to form a company worth $14 billion. Computerworld senior writer Matt Hamblen tells WBZ's Anthony Silva about the technology.
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Friday May 9, 2008 - Mother's Day: Tax Planning Yes there is still such a thing as tax planning. There are tax breaks your parents can take advantage of. Take a look at their tax returns for the last three years and if this job is beyond you hire someone to do it for them.
Thursday May 8, 2008 - Mother's Day: Insurance Planning Finding the insurance policies is the just the first step. Now you need to review them to be sure you have the latest policy and the premiums are paid. It would not be unusual to find that mom & dad have many expired policies in their file.
Wednesday May 7, 2008 - Mother's Day: Is There Enough Money? Does mom have enough money to maintain her current lifestyle? Tough question to ask, but one that may be necessary. Can mom and dad continue to maintain their life style, stay in the same house? Has poor investments eroded their nest egg?
Tuesday May 6, 2008 - Mother's Day: Organizing Her Stuff I talk about getting organized so often that my reputation as the Money Diva has diminished and I am now the Organization Queen. I know our listeners have heard it before but life is so much better once you have all of the paperwork organized! Less stress! And the bonus is if you need to help mom and dad from a distance it will be so much easier!
Monday May 5, 2008 - Mother's Day: Helping Mom With Mother’s Day next Sunday I thought this would be a good week to discuss our elders. Ask your mom what she would like for Mother’s Day and she will probably tell you; your time. As moms get older they especially want to spend time with you.
