Business - Page 21

Reuters - Wal-Mart Stores Inc. said on Monday it fired a systems technician for intercepting text messages of people who were not Wal-Mart employees and for recording telephone conversations with a New York Times reporter without authorization.

Reuters - U.S. stocks slid on Monday as a worldwide flight from riskier assets moved into a second week, fed in part by heightened concerns about the flagging health of the subprime mortgage market.

Business

Reuters - Jim Balsillie, the co-chief executive of BlackBerry maker Research In Motion Ltd., stepped down as chairman on Monday as the company announced a $250-million earnings restatement relating to mistakes in how it granted stock options.

FT.com - As markets tried to find a level on Monday after more heavy selling in Asia, one question was easy to answer. How, people wanted to know, could last Tuesday's 9 per cent fall in Chinese stocks possibly have caused such mayhem across the world? The answer: it didn't. More Info...  

Reuters - Licking their wounds after stiff losses, jittery investors will be looking for relief this week in the form of reassurance that the U.S. economy will keep growing at a moderate pace.

Business

Reuters - Private equity firm Blackstone Group has emerged as a leading contender to buy the troubled U.S. division of German automaker DaimlerChrysler AG (DCXGn.DE), The Detroit News reported on its Web site on Saturday, citing people familiar with the situation.

AFP - The US economic expansion suddenly seems more fragile than thought just weeks earlier, after a sharp downward revision to the past quarter's growth and renewed fears about the slump in real estate.

Reuters - Private equity firm Apax is believed to be the front-runner to acquire jewelry and accessories retailer Claire's Stores Inc. in a $3 billion deal, Britain's Sunday Telegraph said. More Info...  

Reuters - Treo smartphone maker Palm Inc. could bring a buyer a decade's worth of digital assistant design and mobile phone know-how, but at a hefty price for a company no longer viewed as cutting edge.

Reuters - U.S. Treasury Secretary Henry Paulson on Sunday said he feels good about the U.S. economy and does not see the country slipping into recession.

Reuters - Licking their wounds after stiff losses, jittery investors will be looking for relief next week in the form of reassurance that the U.S. economy will keep growing at a moderate pace.

Reuters - Ford Motor Co. is in exclusive talks with Prodrive, a motor racing company, over the potential sale of the U.S. carmaker's Aston Martin luxury car unit, The Times said on Saturday. More Info...  

Reuters - The co-chief executives of Airbus parent company EADS said there was no alternative to thousands of job cuts at the troubled European planemaker and warned that strikes would only make things worse.

Business

Reuters - Global factors may on balance have boosted U.S. inflation, but globalization has not affected the ability of the Federal Reserve to influence U.S. financial conditions, Fed Chairman Ben Bernanke said on Friday.

Reuters - Motorola Inc.'s board will not endorse a nomination of billionaire financier Carl Icahn to join the board, the company said in a document filed with regulators late on Friday.

Reuters - Aeroflex Inc. , which provides technology solutions to the aerospace and other markets, said it agreed to be acquired by private equity firms General Atlantic and Francisco Partners for about $1.0 billion. More Info...  

AFP - US Treasury Secretary Henry Paulson said Friday that the global and US economies were "strong" and that volatility is a facet of stock markets following heavy losses on Wall Street.

Reuters - Stocks fell on Friday, capping their worst week in more than four years, as a rapidly diminishing appetite for risk fueled the latest leg of a global equities sell-off.

Business

Reuters - Treasury Secretary Henry Paulson said on Friday that recent financial market volatility does not necessarily reflect strong fundamentals in the U.S. economy, nor those of the developing Chinese economy.

Reuters - Treasury Secretary Henry Paulson said on Friday that recent financial market volatility does not necessarily reflect strong fundamentals in the U.S. economy, nor those of the developing Chinese economy.