NPR Topics: Business

Appliance Stores Look To Energy Efficiency
Thu, 21 Aug 2008 16:58:00 -0400
Takoma Park, Md.-based Appliance Distributors Unlimited is one of the largest dealers of home appliances in the metropolitan Washington area. It has taken steps to permanently reduce its energy use. It's moving to energy-efficient lighting, recycling and other steps.
Newspaper Carriers Work With Rivals
Thu, 21 Aug 2008 16:31:00 -0400
Frank Saracino, a newspaper carrier spends roughly $300 a week on gas. He now mostly delivers on Sundays and evenings to avoid traffic. Nationwide, more than 40 percent of papers collaborate with a competitor on delivery.
To Cut Fuel Costs, American Switches To 737s
Thu, 21 Aug 2008 16:28:00 -0400
American Airlines is parking its MD 80 jets in the Texas desert and buying new Boeing 737s. The move is an attempt to cut energy costs amid high energy prices.

Latest financial news - CNNMoney.com

Why oil won't fall below $100
Thu, 21 Aug 2008 15:43:33 -0400
Last week, falling oil prices looked unstoppable. The last few days have seen a halt in that slide. Still with prices well below the record set in July and a shaky world economy threatening demand, the question remains: How low can oil go?
Commodities come roaring back
Thu, 21 Aug 2008 15:17:01 -0400
Oil up nearly $6. Gold higher for third time this week. A bushel of corn trading a buck more than it did a week ago.
Wal-Mart settles with former executive
Thu, 21 Aug 2008 16:23:23 -0400
Read full story for latest details.

The Financial Page

The Cross-eyed Queen
Rebecca Mead Mon, 28 Jul 2008 04:00:00 -0000
In May, a tiny, exquisite volume went on display at the Morgan Library & Museum: a prayer book made for Queen Claude of France, who was born in the penultimate year of the fifteenth century. Claude, a near-contemporary of Anne Boleyn, who served her at the French court as a . . .
Sponsoring Recklessness
James Surowiecki Mon, 21 Jul 2008 04:00:00 -0000
When do the words “not guaranteed” actually mean “guaranteed”? Whenever the mortgage giants Fannie Mae and Freddie Mac are involved. The two companies have long been required to tell investors that their securities are not guaranteed by the federal government. But in the financial markets everyone has always assumed that . . .
Oily Speculations
James Surowiecki Mon, 30 Jun 2008 04:00:00 -0000
When bad things happen, it’s always nice to have a scapegoat. So, with Americans furious about soaring oil prices, Congress has gone in search of someone to blame. There are a number of usual suspects to choose from, depending on your politics--OPEC, greedy oil companies, lily-livered environmentalists opposed . . .

Reuters: Business News

Markets await Bernanke as central bankers gather
Thu, 21 Aug 2008 17:27:23 -0400
JACKSON HOLE, Wyoming (Reuters) - Federal Reserve Chairman Ben Bernanke tackles financial stability in a key speech on Friday but economists doubt he will provide solid clues about future policy action to calm the credit crunch.
Fannie and Freddie debt gains, deep share dive abates
Thu, 21 Aug 2008 18:03:58 -0400
NEW YORK (Reuters) - Investors' growing belief in the likelihood of a federal bailout of home-funding giants Fannie Mae and Freddie Mac triggered a rally in the debt prices of the two companies on Thursday while a steep fall in their shares prices abated.
Oil up 5 percent on global tensions, soft dollar
Thu, 21 Aug 2008 15:57:51 -0400
NEW YORK (Reuters) - Oil prices rose nearly 5 percent on Thursday, the biggest percentage gain in more than two months, driven by rising tensions between the United States and energy behemoth Russia.

ABC News: Money

Fake Debt Collectors Terrify Consumers
Thu, 21 Aug 2008 11:07:51 -0400
Alleged debt collection scam uses strange names, threats to frighten consumers.
Hallmark Adds Gay Marriage Cards
Thu, 21 Aug 2008 17:10:39 -0400
Many states don't recognize gay marriage... but Hallmark does.
Coping With a Disgusting Co-Worker
Thu, 21 Aug 2008 07:27:49 -0400
There are polite ways to put a stop to a co-worker's nauseating habits.

BBC News | Business | UK Edition

Two energy firms to raise prices
Thu, 21 Aug 2008 15:30:36 -0000
E.On and Scottish and Southern Energy are to raise gas and electricity prices by up to 29%, blaming higher wholesale costs.
Surprise gain in UK retail sales
Thu, 21 Aug 2008 11:42:09 -0000
Retail sales defy grim forecasts to rise 0.8% in July, according to the Office for National Statistics.
Persimmon posts sharp profit fall
Thu, 21 Aug 2008 15:52:58 -0000
UK housebuilder Persimmon reports a sharp drop in half-year profits as it struggles to deal with the housing market downturn.

The Economist: Business

Dealing with the downturn:
Thu, 21 Aug 2008 11:47:15 -0000
Raising prices in straitened times calls for careful planningA COUPLE of years ago General Motors (GM), America’s biggest carmaker, swore it would no longer offer “employee discounts” on its vehicles. These large price cuts shrank bloated inventories, but they left buyers thinking that GM’s cars were worth far less than their list prices. Scrapping the discounts was part of ailing GM’s efforts to cure itself. But on August 19th the company reversed gear and reintroduced them, for a limited period, on nearly all its 2008 models and some 2009 ones.Although the move smacks of desperation, GM is not the only firm hoping that discounting can help it weather a sluggish global economy. On August 20th eBay, an online-auction site, said it would reduce the fees it charges sellers who post goods for sale on its site at a fixed price. The temptation in a downturn is to let prices slide to protect or increase market share. However, this approach can backfire if it triggers a price-cutting spiral. Moreover, managers often overestimate the extra sales that lower prices generate, so companies may be left worse off than before the cuts. That may help explain why a number of firms have been raising their prices, not cutting them—a trend that has contributed to a resurgence of inflation. ...
Virtual worlds:
Thu, 21 Aug 2008 11:47:15 -0000
Lively, Google’s virtual world, has been a flopIT SOUNDED like a brilliant idea. Google, the internet giant, would bring 3-D virtual worlds to the masses by making them accessible through a web browser. Millions of people log into virtual worlds such as World of Warcraft and Second Life every day, but they require special software and their complexity can be daunting to newcomers. So Google’s launch of Lively, in July, seemed to have great potential. But in the weeks since it opened its virtual doors, Lively has remained surprisingly lifeless, hosting a dwindling number of users and prompting a string of negative reviews.Lively is a simple environment, amounting to little more than a series of 3-D chat rooms. To enter, you must first download and install a plug-in for your web-browser. You can then choose from a list of rooms, the most popular of which are (inevitably) themed around sex and dating. And although some popular rooms—“Love Sweet Love” and “Sexy Babes Club”—have had thousands of visitors, the number quickly drops into the double digits further down the list. Hardly anyone is using Lively. ...
Business and water:
Thu, 21 Aug 2008 11:47:15 -0000
Everyone knows industry needs oil. Now people are worrying about water, too“WATER is the oil of the 21st century,” declares Andrew Liveris, the chief executive of Dow, a chemical company. Like oil, water is a critical lubricant of the global economy. And as with oil, supplies of water—at least, the clean, easily accessible sort—are coming under enormous strain because of the growing global population and an emerging middle-class in Asia that hankers for the water-intensive life enjoyed by people in the West.Oil prices have fallen from their recent peaks, but concerns about the availability of freshwater show no sign of abating. Goldman Sachs, an investment bank, estimates that global water consumption is doubling every 20 years, which it calls an “unsustainable” rate of growth. Water, unlike oil, has no substitute. Climate change is altering the patterns of freshwater availability in complex ways that can lead to more frequent and severe droughts. ...

Business News - UPI.com

UPI NewsTrack Business
Thu, 21 Aug 2008 17:59:00 -0400
U.S. markets mixed as oil prices surge ... Utility rate regulators' hands are tied ... IAC breaks down to five new companies ... Oil deal sends real estate soaring ... News from United Press International.
Crude oil prices climb
Thu, 21 Aug 2008 17:57:00 -0400
NEW YORK, Aug. 21 (UPI) -- Crude oil prices jumped Thursday, gaining on political tension and a declining dollar.
Grains rise as oil prices climb Thursday
Thu, 21 Aug 2008 17:24:31 -0400
CHICAGO, Aug. 21 (UPI) -- Galloping oil prices and a weaker dollar lifted grain prices on the Chicago Board of Trade Thursday.
U.S. mortgage rates fall slightly in week
Thu, 21 Aug 2008 16:32:22 -0400
WASHINGTON, Aug. 21 (UPI) -- Interest rates for 30-year, fixed-rate U.S. mortgages declined slightly from the previous week, the Federal Home Loan Mortgage Corp. said Thursday.
U.S. markets mixed as oil prices surge
Thu, 21 Aug 2008 16:22:27 -0400
NEW YORK, Aug. 21 (UPI) -- Oil prices rebounded Thursday, causing a ripple effect across U.S. stock indexes, hurting oil-dependent stocks, such as airlines and automobiles.
U.S. leading index down sharply in month
Thu, 21 Aug 2008 15:34:47 -0400
NEW YORK, Aug. 21 (UPI) -- The U.S. leading indicator index fell sharply in July pushed by declines in building permits and stock prices, a research group said Thursday.

 

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Data Delivery Devices LLC - RF Scada long range spread spectrum telemetry devices for analog, digital and Modbus data. Used in water, waste water, oil, gas and other industrial applications.

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ELPRO Industrial Wireless - Manufacturers frequency hopping spread spectrum licence free 900 MHz wireless I/O and radio telemetry modems and spread spectrum networking products for process control.
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Harvest Electronics - Online monitoring and telemetry solutions for a variety of industries. Products include GSM and GPRS modems and port extenders, and rail crossing monitoring system.
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