BUSINESS

Bush in Saudi Arabia to Make Oil Plea - New York Times


Aljazeera.net
Bush in Saudi Arabia to Make Oil Plea
New York Times -1 hour ago
By SHERYL GAY STOLBERG RIYADH, Saudi Arabia - With the price of oil hitting record highs, President Bush will use a private visit to King Abdullah’s ranch here Friday to make a second attempt to persuade the Saudi government to increase oil production
Bush in Saudi to press king on oil and IranReuters
Bush asks Saudis to increase oil productionThe Associated Press
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Yahoo teaming with WPP Grp on digital advertising - BusinessWeek


Marketing Week
Yahoo teaming with WPP Grp on digital advertising
BusinessWeek -1 hour ago
Yahoo Inc. said Friday it will team with WPP Group PLC on digital display advertising. Three of WPP Group's divisions, GroupM, 24/7 Real Media and WPP Digital, will work with the Internet search engine pioneer to give their advertising customers more
Yahoo, WPP form multiyear ad-trading partnershipReuters
Yahoo and WPP in PartnershipNew York Times
Silicon Alley Insider - Forbes - Mediapost.com - Conde Nast Portfolio
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Microsoft Joins Effort for Laptops for Children

After years of conflict, Microsoft and the computing and education project One Laptop Per Child have reached an agreement that will put Windows on the organization?s computers.

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Blackstone Reports a $66.5 Million Quarterly Loss - New York Times

Blackstone Reports a $66.5 Million Quarterly Loss
New York Times -11 hours ago
By MICHAEL J. de la MERCED The Blackstone Group, the big private equity firm run by Stephen A. Schwarzman, posted a $66.5 million quarterly loss on Thursday, and its executives warned that the turmoil in the financial markets may not be over.
Blackstone Has $66.5 Million Loss as LBO Fees Drop (Update4)Bloomberg
Blackstone posts 1Q loss on weakening marketsBusinessWeek
AltAssets - Reuters - TheStreet.com - International Herald Tribune
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Market Place: A Values Debate (Not the Political Kind)

Wall Street is struggling to answer what might seem like a simple question: How much are some investments really worth?

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Stocks Slip as Oil Hits New Record

Investors? nervousness over a fresh record for oil prices dented enthusiasm over a surprising jump in new home construction.

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SMFG posts big rebound, forecasts modest growth (Reuters)

Reuters - Sumitomo Mitsui Financial Group (8316.T) reported a threefold increase in fourth-quarter profit, rebounding from massive losses at its consumer finance unit a year earlier, and it forecast modest growth ahead.

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Stocks struggle as oil spikes - CNNMoney.com


HispanicBusiness.com
Stocks struggle as oil spikes
CNNMoney.com -1 hour ago
Investors welcome surprise rise in new home construction report, but play it cautious as commodity prices jump. NEW YORK (CNNMoney.
US STOCKS-Futures rise on housing data, energy companiesReuters
Stocks open flat after housing starts reportThe Associated Press
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For Wall Street Workers, Ax Falls Quietly

Some people who have lost jobs, and many more struggling to hold them, say banks are keeping employees in the dark about the size and timing of layoffs.

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High & Low Finance: Color-Blind Merrill in a Sea of Red Flags

So-called piggyback loans have been highly vulnerable to homeowners who walk away when property values fall.

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