Business

1. Wall Street moves higher at mid-morning
This week, investors face a series of economic reports, while on Tuesday, the Federal Reserve's Open Market Committee meets, and will conclude its deliberations upon monetary policy on Wednesday.
Date of addition: 01/29/2007

2. Crude prices increase as OPEC trims exports
Oil prices have risen more than and settled above a barrel on Friday on concerns that producers were complying with OPEC's production cuts and on expectations of continued cold weather in the Northeast.
Date of addition: 01/27/2007

3. Is Ford Motor Company Slowly Dying?
Ford Motor Co. has reported huge losses for year 2006. We have already written about company's losses with Jaguar but this is not all.The situation is apparently getting even worse then in 2006, at least for the next two years. Read more.
Date of addition: 01/26/2007

4. Ford ends tough year with record loss
Ford on Thursday capped the worst year in its 103-year history with a worse-than-expected fourth-quarter loss and said it would cut production for the current quarter and lose market share through September.
Date of addition: 01/25/2007

5. Siemens hit with record EU fine
On Wednesday the European Commission ordered Siemens to pay a record €397m (4m) fine for its "leadership role" in a long-running price-fixing cartel. It was a real blow to the reputation and finances of the German engineering group.
Date of addition: 01/24/2007

6. Oil prices back above
World oil prices rallied on Tuesday, with the price of Brent crude pushing back above a barrel amid higher demand for heating fuel owing to cold weather in the United States.
Date of addition: 01/23/2007

7. U.S. May Lose Its Place as World's Finance Leader, Study Says
A report commissioned by New York Mayor Michael Bloomberg and Senator Charles Schumer found that United States can lose its place as the world's leading financial center in the next decade. But legal and regulatory changes can help to avoid this. Read more ...
Date of addition: 01/22/2007

8. Energy leads consumer prices higher in December
Consumer prices have risen at the highest rate in last eight months during December, climbing 0.5% as prices for energy products shot up after three straight months of declines. This increase was the first since August. Only last April had a 0.6% increase, since then the December's one is the sharpest.
Date of addition: 01/18/2007

9. Schwarzenegger sees billion crop losses from frost
lifornia's citrus crop has been devastated by a freeze, but Florida promises to make up some of the shortfall. California Gov. Arnold Schwarzenegger estimated on Tuesday that a series of unusually cold nights would cause total state crop losses of billion, including oranges and other fruits and vegetables.
Date of addition: 01/17/2007

10. Oil prices waver around a barrel
Oil prices wavered Wednesday — sliding to new 19-month lows then recovering slightly — as the market weighed comments by Saudi Arabia's oil minister that further OPEC production cuts were not needed due to growing worldwide demand.
Date of addition: 01/17/2007