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A New Consumer Agency With Enforcement Teeth

Wall Street Journal - ‎58 minutes ago‎
By JANE J. KIM President Barack Obama's proposed regulatory revamp includes sweeping changes to help consumers make informed decisions about financial products, save for retirement and get better investment advice.

Eddie Bauer declares bankruptcy

Bizjournals.com - ‎1 hour ago‎
Overwhelmed by debt payments and a steep drop in customer spending, Eddie Bauer filed Wednesday for bankruptcy protection, becoming another high-profile Northwest corporate casualty of the recession.

Icahn boosts Lions Gate holdings to 16.9 pct

BusinessWeek - ‎1 hour ago‎
Billionaire investor Carl Icahn has increased his stake in boutique movie studio Lions Gate Entertainment Corp. to 16.9 percent, according to filings with the Securities and Exchange Commission on Wednesday.

Nasdaq manages gains

CNNMoney.com - ‎3 hours ago‎
The tech-fueled index ends higher but the Dow and S&P 500 struggle as banks slide. By Alexandra Twin, cnnmoney.com senior writer When will the government come up with a plan to reform health care?
Microsoft Edges Up; fedex Falls Wall Street Journal

Chrysler to restart Kenosha engine plant

Bizjournals.com - ‎2 hours ago‎
Chrysler Group LLC announced Wednesday that it will restart seven assembly plants by the end of the month, with production at its Kenosha engine plant to also begin operating again to supply those assembly sites.

State Street Repays $2 Billion In TARP Funds

FOXBusiness - ‎59 minutes ago‎
LOS ANGELES -- State Street Corp. said late Wednesday that it has repaid the full amount of the Treasury Department's $2 billion investment in the company under the TARP Capital Purchase Program.

NYMEX-Crude ends up on EIA draw, dollar, equities

Reuters - ‎4 hours ago‎
NEW YORK, June 17 (Reuters) - US crude oil futures ended higher on Wednesday, climbing back above $71 a barrel in late trading, as traders took a second look at government data showing a higher-than-expected drawdown in crude stocks last week.

fedex posts bigger loss with a gloomy outlook

The Associated Press - ‎2 hours ago‎
NEW YORK (AP) - fedex, the nation's second largest package shipper, lost more money in the last quarter, as consumers and businesses downsized shipments and the company took over $1 billion in one-time charges.

Clarcor says fiscal 2Q profit fell 32 percent

Forbes - ‎2 hours ago‎
AP , 06.17.09, 06:15 PM EDT FRANKLIN, Tenn. -- Filter system maker Clarcor Inc. said on Wednesday its second-quarter profit fell 32 percent as sales slowed in markets hurt by the slow economy, such as trucking, railroad, aerospace, and oil drilling.

US Economy: Consumer Costs Fall Most in Six Decades

Bloomberg - ‎3 hours ago‎
By Courtney Schlisserman June 17 (Bloomberg) -- The cost of living in the US fell over the last 12 months by the most in six decades, easing concern that government efforts to revive the economy will lead to an immediate outbreak of inflation.

GM in Daily Talks With Obama Auto Task Force, Henderson Says

Bloomberg - ‎3 hours ago‎
By Katie Merx and Doron Levin June 17 (Bloomberg) -- General Motors Corp., operating in bankruptcy since June 1, is consulting daily with President Barack Obama's auto task force on plans to sell the company's best assets, Chief Executive Officer Fritz ...

Mayo Clinic to come to Mall of America

BusinessWeek - ‎1 hour ago‎
By STEVE KARNOWSKI Mayo officials announced plans Wednesday to open an outpost at the megamall to help reach new patients from across the region, the country and the world, and to serve existing patients better.

Drug Maker Watson to Buy Rival Arrow for $1.75 Billion

New York Times - ‎46 minutes ago‎
By REUTERS Watson Pharmaceuticals, a maker of generic drugs, said Wednesday that it would buy the Arrow Group for $1.75 billion, clinching a long-expected deal to expand internationally.

Oracle Buys Assets Of Firm Backed By Rival SAP

Wall Street Journal - ‎1 hour ago‎
By John Letzing Business-software giant Oracle Corp. (ORCL) said Wednesday it has acquired the intellectual-property assets of Conformia Software Inc., a firm once backed by a venture-capital fund operated by rival SAP AG.

SoCal Edison's Major Photovoltaics Program Up For Vote

Wall Street Journal - ‎2 hours ago‎
By Yuliya Chernova The fate of Southern California Edison Co.'s major solar photovoltaics program is due to be decided imminently, as the state's utilities commission sorts through competing proposals.

PacSun Names Schoenfeld As CEO, Starrett As Chairman

Wall Street Journal - ‎3 hours ago‎
Pacific Sunwear of California Inc. (PSUN) named Gary Schoenfeld, who previously led competitor Vans Inc. (VANS), as its president and chief executive, effective June 29.

Boeing sees strong role in military planes

Reuters - ‎4 hours ago‎
By Andrea Shalal-Esa PARIS (Reuters) - Boeing Co will remain a strong force in the military aircraft market, the head of the company's defense unit said on Wednesday, rejecting speculation that the Pentagon's No.

Fed has breathing room on policy

Reuters - ‎2 hours ago‎
By Ros Krasny NEW YORK (Reuters) - The US Federal Reserve is unlikely to raise interest rates in 2009 as economic uncertainty still abounds, despite a sharp jump in bond yields that has stirred worries about rising inflation.

Beijing orders 'Buy China' for stimulus projects

The Associated Press - ‎13 hours ago‎
BEIJING (AP) - China has imposed a requirement for its stimulus projects to use domestically made goods - a move that could strain ties with trading partners after Beijing criticized Washington's "Buy American" stimulus provisions.
China Extends Buy-Local Push Wall Street Journal

Moody's Warns Some Banks Repaying TARP May Face Downgrades

Wall Street Journal - ‎3 hours ago‎
Moody's Investors Service warned it may lower the ratings of financial companies that don't maintain sufficiently large capital cushions after buying back the preferred stock they issued to the Treasury Department under the Troubled Asset Relief ...

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