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Business Headlines

Treasurys mainly advance as AIG reports quarterly loss Circuit City allows Blockbuster, Icahn to review books Commodities Review: Wheat drops on higher output forecast Citigroup to shed nearly $500B in assets Fedex cuts 4Q profit forecast, blames fuel costs Gas jumps above $3.67, oil passes $126 on Venezuela concerns Auto parts supplier Delphi reports wider loss Diageo brews $1.25B Irish overhaul Icahn prepared to buy Circuit City if Blockbuster can't ArcelorMittal sues Esmark over aborted steel mill sale

Earnings Reports

Auto parts supplier Delphi reports wider loss German insurer Allianz 1Q net profit falls 65 percent Japan Airlines reduces losses in latest quarter AIG posts 1Q loss of $7.8B, plans to raise $12.5B Warner Music Group 2Q loss widens on increased expenses

Mortgage Market News

Rates on 30-year mortgages top 6 percent

Chinese Market News

China producer price index up 8.1 pct China's food exports to Japan fall following dumpling case US groups in China call for freer trade

European Market News

ECB, Bank of England leave rates steady NYSE Euronext profit triples on higher volumes European Union clears Korean bid for shipbuilder Aker EU bails out German bank for $7.8 billion

Banking Market News

Softbank's annual net profit surges to record high Owner of Tropicana casinos files for Chapter 11 protection Tropicana Entertainment's Chapter 11 bankruptcy filing

The Latest Technology News

Facebook to let users carry profile with them Conference attendees in San Francisco sickened Data from Columbia disk drives survived the shuttle accident Microsoft appeals $1.4B EU antitrust fine EBay's PayPal rule in Australia draws fire Texas may claim Amazon owes sales taxes Retailers can use DNA tracing to track meat

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The Crain's Small Business Reports -- Tips On Running Your Small Business

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