FRIDAY, MAY 09, 2008
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Daily News, Global News, News Archives

MAY 7, 2008  —  TOP NEWS
Hedging Against $200 Oil
For the financial whizzes of Southwest Airlines, it just gets more expensive to buy protection as oil prices keep climbing

MAY 6, 2008  —  MORTGAGE INDUSTRY
Will BofA Bail on Countrywide?
Bank of America says the merger is still on, but its difficulty in picking up all of the mortgage giant's debt has many wondering

MAY 5, 2008  —  TOP NEWS
AIG Ex-Chief Hank Greenberg Sounds Off
In an interview with BusinessWeek, Greenberg—still AIG's top shareholder—says the insurer is overstaffed and overspends on directors and lawyers

MAY 3, 2008  —  TOP NEWS
Yahoo! Issues Statement in Response to Microsoft
Yahoo! Issues Statement in Response to Microsoft

MAY 3, 2008  —  TOP NEWS
Letter from Microsoft CEO Steve Ballmer to Yahoo! CEO Jerry Yang
May 3, 2008

MAY 2, 2008  —  TOP NEWS
Exxon: Profit Pirate or Tax Victim?
The oil giant paid $9.3 billion, or 49% of its first-quarter gross income, in income taxes. Is that enough? Depends on who you talk to

MAY 2, 2008  —  VIEWPOINT
Wrigley: Another Great One Soon Gone
With the takeover by Mars, Wrigley is about to follow Amoco and Ameritech into Chicago's ash bin, says BW Chicago columnist Bob Reed

MAY 1, 2008  —  TOP NEWS
Bracing for the Jobs Report
On the heels of what is likely the last Fed rate cut for a while, the May 2 jobs report could offer clues on how far the economy will fall

MAY 1, 2008  —  TOP NEWS
Brazil Goes Investment-Grade
Strong international commodities prices are part of the reason S&P upgraded the South American country's long-term foreign currency sovereign debt

APRIL 30, 2008  —  EARNINGS
Exxon Earnings: Expect Another Gusher
The oil giant and its competitors are profiting richly from surging oil prices. Will ExxonMobil beat its own record for quarterly income?

APRIL 30, 2008  —  TOP NEWS
Federal Reserve Statement
Apr. 30, 2008

APRIL 30, 2008  —  TOP NEWS
Fed Cuts by a Quarter-Point
Bernanke drives rates to the lowest since '04 after GDP shows weak growth built on inventories

APRIL 30, 2008  —  TOP NEWS
Airlines Give Propellers Another Spin
The soaring cost of fuel is making short-haul flights uneconomical for regional jets. So a new generation of turboprops is selling briskly

APRIL 30, 2008  —  TOP NEWS
Regulators: 'Fund Manager' Was a Fraud
In a New Jersey civil suit, the Commodity Futures Trading Commission accuses Robert J. Sucarato of fraud in raising at least $1.5 million from investors

APRIL 29, 2008  —  TECHNOLOGY
X Prize: $100 Million for Clean Fuels
In a bid to speed innovation, the foundation plans awards for breakthroughs in biofuels and other alternative-energy fields

APRIL 29, 2008  —  TOP NEWS
Wrigley: Grand Plans That Didn't Stick
Bill Wrigley tried to do big things but never had a breakthrough. Now the company is going to rival Mars, with Warren Buffett serving as banker

APRIL 29, 2008  —  TOP NEWS
FDA Rejects Merck's Cordaptive
Given the cholesterol-lowering drug's modest test results and unknown long-term effects, rejection by regulators may not be that surprising

APRIL 29, 2008  —  TOP NEWS
Iron Man Spawns a Marvel of a Movie Studio
This time around, the comic book publisher is taking its superhero to the big screen on its own instead of licensing him to Fox or Sony

APRIL 29, 2008  —  TOP NEWS
McCain's Health-Care Proposal
The idea: More competition among insurers, spurred by a tax credit that helps consumers buy their own insurance, would lead to universal coverage

APRIL 28, 2008  —  LATIN AMERICA
Mexico's Oil Dilemma
As production declines, state-run Pemex struggles to find new reserves under daunting restrictions on foreign involvement

APRIL 25, 2008  —  BW CHICAGO
Baron in the Making
Jim Tyree overcame poverty and life-threatening disease to lift Mesirow Financial to new heights

APRIL 25, 2008  —  AGRICULTURE
Behind the Run on Rice
Despite bumper crops in Vietnam and India, export limits and bans have created a global shortage and driven up prices

APRIL 23, 2008  —  TOP NEWS
From the Boeing Cockpit
A letter from the aircraft maker's boss claims further progress on the Dreamliner 787, due to be completed this year

APRIL 23, 2008  —  TOP NEWS
Boeing's McNerney: 'Digging Out of a Hole'
After a long silence, Boeing CEO James McNerney admits the company may have moved "a little too far, too fast" on the 787 Dreamliner

APRIL 23, 2008  —  POLITICS
Will Pennsylvania Win Fill Clinton Purse?
To beat Obama's cash-rich campaign, Hillary calls for new donors. By late Apr. 23, 60,000 had heeded the call. But it will take many more

APRIL 22, 2008  —  BW CHICAGO
A Better Gambit for Illinois: Bio-Crops
One startup already has contracts with Monsanto and Syngenta

APRIL 22, 2008  —  TOP NEWS
Oil: How High from Here?
Prices could reach more record highs as traders bid up oil in reaction to a weak U.S. dollar brought on by low interest rates

APRIL 22, 2008  —  BW CHICAGO
Indie Music's Hipster Heaven
Already an Internet magnet, Pitchfork is starting a Web channel for music videos and interviews

APRIL 22, 2008  —  TOP NEWS
Biotech Isn't in the DNA
Despite Chicago's efforts to foster a local life-science community, the metro area trails second-tier genetics centers—and is way behind the leaders

APRIL 22, 2008  —  TOP NEWS
Climate Change: Comparing the Candidates
The remaining Presidential hopefuls talk of transforming the economy to save the environment. But who would actually get the job done?

APRIL 22, 2008  —  BW CHICAGO
How States Stack Up
In venture capital, Illinois ranks fourth in the Midwest

APRIL 22, 2008  —  TOP NEWS
Top Editor Quits the Journal
Marcus Brauchli resigns as new owner Rupert Murdoch reworks The Wall Street Journal to compete more directly with The New York Times

APRIL 22, 2008  —  MEDIA
A Boss for Viacom's Pay TV Venture
Former Showtime executive Mark Greenberg is expected to be named chief of the Paramount, MGM, and Lions Gate channel

APRIL 22, 2008  —  BW CHICAGO
Sidebar: Pitchfork's Preferences
Sidebar: Pitchfork's Preferences

APRIL 22, 2008  —  MEDIA
Marcus Brauchli's Memo to the WSJ Staff
Brauchli addresses the staff of The Wall Street Journal after resigning as the newspaper's managing editor Apr. 22

APRIL 18, 2008  —  REAL ESTATE
The Other Orange County
What you won't see on fantasy TV shows: a cratered real estate industry, few jobs, foreclosed homes, and empty office space

APRIL 17, 2008  —  TOP NEWS
Global Warming: The Greenland Factor
As the island's ice sheets melt, lakes form, then disappear. Scientists investigated: Turns out the melting's glacial speed is increasing

APRIL 16, 2008  —  TOP NEWS
In Brazil, Another Gusher
If its size is confirmed, a vast new oil find would catapult Brazil into the world's oil-producing elite. But extraction will be difficult

APRIL 16, 2008  —  ENVIRONMENT
Behind Bush's About-Face on Emissions
The EPA is under pressure to address global warming. But the resulting legislation probably won't satisfy environmentalists

APRIL 15, 2008  —  TOP NEWS
Heart Disease: Not About Cholesterol?
AstraZenaca's Crestor study finds that statins may help prevent heart attacks because they control inflammation, not because they lower cholesterol

APRIL 15, 2008  —  TOP NEWS
A Taxing History
No better time than tax day for Ancestry.com to announce it's including access to federal income tax records—dated 1862-1918—for subscribers

APRIL 15, 2008  —  CYBER ESPIONAGE
Recruiting for the Cyber Wars
Uncle Sam wants you—to help defend against Internet threats. But is the military any place for slackers and hackers?

APRIL 15, 2008  —  TOP NEWS
Heart Disease: Not About Cholesterol?
AstraZenaca's Crestor study finds that statins may help prevent heart attacks because they control inflammation, not because they lower cholesterol

APRIL 15, 2008  —  TOP NEWS
McCain's Gas-Tax Holiday
Republican Presidential candidate John McCain calls for a suspension of federal gas taxes from Memorial Day to Labor Day, plus a simpler tax code

APRIL 14, 2008  —  RETAILING
Squeezed by Rising Food Costs
Nearly every food staple has seen double-digit price increases over the past year, some of it due to skyrocketing energy costs

APRIL 14, 2008  —  TOP NEWS
Behind the Chrysler-Nissan Deal
The carmakers will produce vehicles for each other, though it's unclear if the agreement paves the way for an all-out alliance

APRIL 14, 2008  —  TOP NEWS
Don't Stop with Katie Couric
In light of the rumors about the CBS anchor, BW's Ronald Grover says the TV evening news model should go the way of the dodo bird

APRIL 14, 2008  —  TOP NEWS
Delta and Northwest Agree to Merge
Executives emphasize the benefits of their plan to create the world's largest airline, but they offer few details about the supposed economic advantages

APRIL 10, 2008  —  TOP NEWS
Prying Open Hedge Funds' Exit Door
Prominent investor Joseph Umbach is suing hedge fund Carrington Investment and its manager for putting a freeze on redemptions

APRIL 10, 2008  —  TOP NEWS
Why's the MD-80 Still Flying?
Sure it's a gas-guzzler, but the old plane has plenty in its favor despite the recent groundings to inspect wire bundles


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