http://www.ey3news.com/content/topic_000006_page.shtml Updated with the latest news for Business & Finance en-gb Mon, 13 Aug 2007 01:01:06 EST Copyright: (C) Ey3News.com, see http://www.ey3news.com/terms_and_conditions.shtml for terms and conditions of reuse http://www.ey3news.com/ http://www.ey3news.com/images/icons/ey3news_logo_rss.gif http://www.ey3news.com Spend any time online these days and you'll see and hear a lot about widgets. On the web, these are tiny free software programs that can be dragged, dropped, and embedded into web pages, offering everything from weather reports to sports scores. http://www.ey3news.com/cgi-bin/goto.cgi?stid=0000000003219932 http://www.ey3news.com/cgi-bin/goto.cgi?stid=0000000003219932 2007-08-10 18:01:57 Gone are the days of browsing through the newspaper in search of houses on the market. Now, most potential buyers look online and and view slide shows. But soon they'll be walking virtually through homes and even sneaking a look at what's in the refrigerator. http://www.ey3news.com/cgi-bin/goto.cgi?stid=0000000003219934 http://www.ey3news.com/cgi-bin/goto.cgi?stid=0000000003219934 2007-08-10 18:01:57 Here's one possible reason why Apple isn't talking about the progress of video downloads on iTunes, reports Senior Editor Jon Fortt: Consumers don't like them. http://www.ey3news.com/cgi-bin/goto.cgi?stid=0000000003219935 http://www.ey3news.com/cgi-bin/goto.cgi?stid=0000000003219935 2007-08-10 18:01:57 http://www.ey3news.com/cgi-bin/goto.cgi?stid=0000000003219936 http://www.ey3news.com/cgi-bin/goto.cgi?stid=0000000003219936 2007-08-10 18:01:57 http://www.ey3news.com/cgi-bin/goto.cgi?stid=0000000003219939 http://www.ey3news.com/cgi-bin/goto.cgi?stid=0000000003219939 2007-08-10 18:01:57 Read full story for latest details. http://www.ey3news.com/cgi-bin/goto.cgi?stid=0000000003219940 http://www.ey3news.com/cgi-bin/goto.cgi?stid=0000000003219940 2007-08-10 18:01:57 Blockbuster's purchase of Movielink is one more punch in the ongoing battle with Netflix, reports the Media Biz blog. http://www.ey3news.com/cgi-bin/goto.cgi?stid=0000000003219941 http://www.ey3news.com/cgi-bin/goto.cgi?stid=0000000003219941 2007-08-10 18:01:57 How do you get your product noticed in a sea of look-alike competitors? If you're South African winery Stormhoek, you go Web 2.0, with blogging, viral marketing, and crowdsourcing. http://www.ey3news.com/cgi-bin/goto.cgi?stid=0000000003219942 http://www.ey3news.com/cgi-bin/goto.cgi?stid=0000000003219942 2007-08-10 18:01:57 Computer networking company Cisco Systems reported higher-than-expected earnings on a boost in quarterly sales, the company announced Tuesday. http://www.ey3news.com/cgi-bin/goto.cgi?stid=0000000003219943 http://www.ey3news.com/cgi-bin/goto.cgi?stid=0000000003219943 2007-08-10 18:01:57 Read full story for latest details. http://www.ey3news.com/cgi-bin/goto.cgi?stid=0000000003219944 http://www.ey3news.com/cgi-bin/goto.cgi?stid=0000000003219944 2007-08-10 18:01:57 Read full story for latest details. http://www.ey3news.com/cgi-bin/goto.cgi?stid=0000000003219945 http://www.ey3news.com/cgi-bin/goto.cgi?stid=0000000003219945 2007-08-10 18:01:57 What was good for our country was good for General Motors, and vice versa. - Charles E. Wilson, president of GM, 1953 http://www.ey3news.com/cgi-bin/goto.cgi?stid=0000000003219946 http://www.ey3news.com/cgi-bin/goto.cgi?stid=0000000003219946 2007-08-10 18:01:57 When Adam Cohen learned that developers planned to build condos on five acres of pristine wetland within sight of his home on North Street in Northampton, Mass., he panicked. http://www.ey3news.com/cgi-bin/goto.cgi?stid=0000000003219947 http://www.ey3news.com/cgi-bin/goto.cgi?stid=0000000003219947 2007-08-10 18:01:57 Read full story for latest details. http://www.ey3news.com/cgi-bin/goto.cgi?stid=0000000003219948 http://www.ey3news.com/cgi-bin/goto.cgi?stid=0000000003219948 2007-08-10 18:01:57 One day in the not-so-far-off past, Kun-Hee Lee, chairman of Samsung Electronics, sent each of his closest friends and key employees one of the company's newest wireless phones as a New Year's present. http://www.ey3news.com/cgi-bin/goto.cgi?stid=0000000003219949 http://www.ey3news.com/cgi-bin/goto.cgi?stid=0000000003219949 2007-08-10 18:01:57 Big retailers are working hard to cater to tech-hungry students. Here's how to put together a perfect package on a budget for your back-to-school student. http://www.ey3news.com/cgi-bin/goto.cgi?stid=0000000003219950 http://www.ey3news.com/cgi-bin/goto.cgi?stid=0000000003219950 2007-08-10 18:01:57 Big stock-market drops can be a boon for the young since they get to buy low and then let their investments grow for decades. http://www.ey3news.com/cgi-bin/goto.cgi?stid=0000000003219956 http://www.ey3news.com/cgi-bin/goto.cgi?stid=0000000003219956 2007-08-10 18:01:57 First there was serial entrepreneur Malcolm Bricklin, who, building on his experience importing Subarus and Yugos, promised to bring Chinese cars to the United States by 2007. But Bricklin's deal with Chinese automaker Chery fell through and Chery linked up instead with Chrysler to build Chinese Dodges. http://www.ey3news.com/cgi-bin/goto.cgi?stid=0000000003219962 http://www.ey3news.com/cgi-bin/goto.cgi?stid=0000000003219962 2007-08-10 18:01:57 Read full story for latest details. http://www.ey3news.com/cgi-bin/goto.cgi?stid=0000000003219963 http://www.ey3news.com/cgi-bin/goto.cgi?stid=0000000003219963 2007-08-10 18:01:57 American Home Mortgage filed for Chapter 11 bankruptcy protection this week. Mortgage banking company Homebanc announced it will shutter its doors. Other mortgage lenders are also sending out distress signals. Here's what you need to know if your mortgage lender goes out of business. http://www.ey3news.com/cgi-bin/goto.cgi?stid=0000000003219964 http://www.ey3news.com/cgi-bin/goto.cgi?stid=0000000003219964 2007-08-10 18:01:57 Everyone has a dream: Inventing the next great vice. Running a corporation. Traveling into space. Me? I'm searching for a new one, having just had mine fulfilled: driving with Michael Schumacher. http://www.ey3news.com/cgi-bin/goto.cgi?stid=0000000003219966 http://www.ey3news.com/cgi-bin/goto.cgi?stid=0000000003219966 2007-08-10 18:01:57 Read full story for latest details. http://www.ey3news.com/cgi-bin/goto.cgi?stid=0000000003219967 http://www.ey3news.com/cgi-bin/goto.cgi?stid=0000000003219967 2007-08-10 18:01:57 How's this for irony? Choosing the software that's supposed to make our work lives easier is becoming horribly complex. Market hegemon Microsoft recently unleashed its most impressive riffs yet on Word, Excel, PowerPoint, and the rest, packaged as Office 2007 and built for the new Vista operating system. Meanwhile, Internet search-giant Google has come to market with a reliable and low-cost suite of web-based tools: word processing, spreadsheets, calendar, e-mail, and more, all packaged as Google Apps. http://www.ey3news.com/cgi-bin/goto.cgi?stid=0000000003219969 http://www.ey3news.com/cgi-bin/goto.cgi?stid=0000000003219969 2007-08-10 18:01:57 Read full story for latest details. http://www.ey3news.com/cgi-bin/goto.cgi?stid=0000000003219884 http://www.ey3news.com/cgi-bin/goto.cgi?stid=0000000003219884 2007-08-10 18:01:56 Read full story for latest details. http://www.ey3news.com/cgi-bin/goto.cgi?stid=0000000003219885 http://www.ey3news.com/cgi-bin/goto.cgi?stid=0000000003219885 2007-08-10 18:01:56 It's an irony that even Al Gore might appreciate. As global warming causes the polar icecaps to recede, potentially oil-rich seabeds are being uncovered beneath the Arctic Circle in the suddenly navigable -- and drillable -- territory. http://www.ey3news.com/cgi-bin/goto.cgi?stid=0000000003219886 http://www.ey3news.com/cgi-bin/goto.cgi?stid=0000000003219886 2007-08-10 18:01:56 Read full story for latest details. http://www.ey3news.com/cgi-bin/goto.cgi?stid=0000000003219889 http://www.ey3news.com/cgi-bin/goto.cgi?stid=0000000003219889 2007-08-10 18:01:56 Read full story for latest details. http://www.ey3news.com/cgi-bin/goto.cgi?stid=0000000003219890 http://www.ey3news.com/cgi-bin/goto.cgi?stid=0000000003219890 2007-08-10 18:01:56 Despite heavy back-to-school discounting from Wal-Mart and other merchants, retailers reported a mixed bag of sales at their stores last month. http://www.ey3news.com/cgi-bin/goto.cgi?stid=0000000003219891 http://www.ey3news.com/cgi-bin/goto.cgi?stid=0000000003219891 2007-08-10 18:01:56 Read full story for latest details. http://www.ey3news.com/cgi-bin/goto.cgi?stid=0000000003219892 http://www.ey3news.com/cgi-bin/goto.cgi?stid=0000000003219892 2007-08-10 18:01:56 The Federal Reserve as expected left a key short-term interest rate unchanged Tuesday, but indicated in its closely scrutinized statement that it was concerned about growing credit problems in the economy. http://www.ey3news.com/cgi-bin/goto.cgi?stid=0000000003219893 http://www.ey3news.com/cgi-bin/goto.cgi?stid=0000000003219893 2007-08-10 18:01:56 Sept. 7 http://www.ey3news.com/cgi-bin/goto.cgi?stid=0000000003219894 http://www.ey3news.com/cgi-bin/goto.cgi?stid=0000000003219894 2007-08-10 18:01:56 Sept. 25 http://www.ey3news.com/cgi-bin/goto.cgi?stid=0000000003219895 http://www.ey3news.com/cgi-bin/goto.cgi?stid=0000000003219895 2007-08-10 18:01:56 Read full story for latest details. http://www.ey3news.com/cgi-bin/goto.cgi?stid=0000000003219896 http://www.ey3news.com/cgi-bin/goto.cgi?stid=0000000003219896 2007-08-10 18:01:56 Read full story for latest details. http://www.ey3news.com/cgi-bin/goto.cgi?stid=0000000003219897 http://www.ey3news.com/cgi-bin/goto.cgi?stid=0000000003219897 2007-08-10 18:01:56 First there was serial entrepreneur Malcolm Bricklin, who, building on his experience importing Subarus and Yugos, promised to bring Chinese cars to the United States by 2007. But Bricklin's deal with Chinese automaker Chery fell through and Chery linked up instead with Chrysler to build Chinese Dodges. http://www.ey3news.com/cgi-bin/goto.cgi?stid=0000000003219898 http://www.ey3news.com/cgi-bin/goto.cgi?stid=0000000003219898 2007-08-10 18:01:56 On a late May morning when I visit Danny Rimer at his London office, he puts on a big grin every time either of two subjects comes up. http://www.ey3news.com/cgi-bin/goto.cgi?stid=0000000003219899 http://www.ey3news.com/cgi-bin/goto.cgi?stid=0000000003219899 2007-08-10 18:01:56 Read full story for latest details. http://www.ey3news.com/cgi-bin/goto.cgi?stid=0000000003219900 http://www.ey3news.com/cgi-bin/goto.cgi?stid=0000000003219900 2007-08-10 18:01:56 Read full story for latest details. http://www.ey3news.com/cgi-bin/goto.cgi?stid=0000000003219902 http://www.ey3news.com/cgi-bin/goto.cgi?stid=0000000003219902 2007-08-10 18:01:56 Read full story for latest details. http://www.ey3news.com/cgi-bin/goto.cgi?stid=0000000003219904 http://www.ey3news.com/cgi-bin/goto.cgi?stid=0000000003219904 2007-08-10 18:01:56 Read full story for latest details. http://www.ey3news.com/cgi-bin/goto.cgi?stid=0000000003219905 http://www.ey3news.com/cgi-bin/goto.cgi?stid=0000000003219905 2007-08-10 18:01:56 Read full story for latest details. http://www.ey3news.com/cgi-bin/goto.cgi?stid=0000000003219908 http://www.ey3news.com/cgi-bin/goto.cgi?stid=0000000003219908 2007-08-10 18:01:56 Read full story for latest details. http://www.ey3news.com/cgi-bin/goto.cgi?stid=0000000003219909 http://www.ey3news.com/cgi-bin/goto.cgi?stid=0000000003219909 2007-08-10 18:01:56 Read full story for latest details. http://www.ey3news.com/cgi-bin/goto.cgi?stid=0000000003219910 http://www.ey3news.com/cgi-bin/goto.cgi?stid=0000000003219910 2007-08-10 18:01:56 Read full story for latest details. http://www.ey3news.com/cgi-bin/goto.cgi?stid=0000000003219911 http://www.ey3news.com/cgi-bin/goto.cgi?stid=0000000003219911 2007-08-10 18:01:56 Read full story for latest details. http://www.ey3news.com/cgi-bin/goto.cgi?stid=0000000003219912 http://www.ey3news.com/cgi-bin/goto.cgi?stid=0000000003219912 2007-08-10 18:01:56 Read full story for latest details. http://www.ey3news.com/cgi-bin/goto.cgi?stid=0000000003219913 http://www.ey3news.com/cgi-bin/goto.cgi?stid=0000000003219913 2007-08-10 18:01:56 Read full story for latest details. http://www.ey3news.com/cgi-bin/goto.cgi?stid=0000000003219914 http://www.ey3news.com/cgi-bin/goto.cgi?stid=0000000003219914 2007-08-10 18:01:56 I remember there was a time when the value of his enterprises was very low," recalls Patrick, the youngest son of Carlos Slim Helú. It was the early 1980s, and Mexico was in the depths of a massive financial crisis. Periodically the elder Slim would round up his three teenage sons for an economics lesson. Sitting them down in the living room of the family home, Slim would produce a single handwritten list. One line would show, for instance, how a Mexican insurance company was selling for far less than a similar American insurer. Another would show that compared with European candy or cigarette makers, Mexican manufacturers were drastically undervalued. "It was a very, very long time ago," says Patrick, "but I absolutely remember him teaching us at an early age." http://www.ey3news.com/cgi-bin/goto.cgi?stid=0000000003219915 http://www.ey3news.com/cgi-bin/goto.cgi?stid=0000000003219915 2007-08-10 18:01:56 It may seem strange that the emirate of Abu Dhabi, one of the planet's largest suppliers of oil, is planning to build the world's first carbon-neutral city. http://www.ey3news.com/cgi-bin/goto.cgi?stid=0000000003219916 http://www.ey3news.com/cgi-bin/goto.cgi?stid=0000000003219916 2007-08-10 18:01:56 Big stock-market drops can be a boon for the young since they get to buy low and then let their investments grow for decades. http://www.ey3news.com/cgi-bin/goto.cgi?stid=0000000003219917 http://www.ey3news.com/cgi-bin/goto.cgi?stid=0000000003219917 2007-08-10 18:01:56 Question: In a world of globalization, should you invest a larger portion of your assets in foreign equities? I'm in my mid-40s and currently have about 40 percent of my money in both international and emerging markets, but I wonder whether I'm taking too much risk. - Hung Lee, Annandale, Virginia http://www.ey3news.com/cgi-bin/goto.cgi?stid=0000000003219918 http://www.ey3news.com/cgi-bin/goto.cgi?stid=0000000003219918 2007-08-10 18:01:56 Don't look now but the cost of financing a home purchase in some of the nation's priciest areas just got more expensive. http://www.ey3news.com/cgi-bin/goto.cgi?stid=0000000003219922 http://www.ey3news.com/cgi-bin/goto.cgi?stid=0000000003219922 2007-08-10 18:01:56 Question: I'm 28 years old and looking to invest some extra money that's come my way recently, $10,000 to be exact. Any suggestions? - Brandon, Charlotte, NC http://www.ey3news.com/cgi-bin/goto.cgi?stid=0000000003219923 http://www.ey3news.com/cgi-bin/goto.cgi?stid=0000000003219923 2007-08-10 18:01:56 Students may not get too excited for back-to-school, but in many states there's cause for parents to smile, as it's the start of a tax holiday season. http://www.ey3news.com/cgi-bin/goto.cgi?stid=0000000003219925 http://www.ey3news.com/cgi-bin/goto.cgi?stid=0000000003219925 2007-08-10 18:01:56 After years of preparation and planning, Virgin America is finally ready for take off, despite delays caused by a summer storm in New York. But whether all the hype surrounding the new airline is anything more than hot air remains to be seen. http://www.ey3news.com/cgi-bin/goto.cgi?stid=0000000003219926 http://www.ey3news.com/cgi-bin/goto.cgi?stid=0000000003219926 2007-08-10 18:01:56 In the fall of 2003, Dennis and Beth Albiani had their future perfectly planned. They'd purchased 18 acres of rolling hills at the foot of California's Sierra Nevada near Sacramento, where they were preparing to build their 3,400-square-foot dream house. http://www.ey3news.com/cgi-bin/goto.cgi?stid=0000000003219927 http://www.ey3news.com/cgi-bin/goto.cgi?stid=0000000003219927 2007-08-10 18:01:56 Here's a familiar scene: Lunch hour at the bank, and you're waiting in line for a teller. You're there to deposit a few paper checks, as well as to ask about a service charge you noticed on your last statement (which annoyingly wipes out any interest you earned). The minutes tick by as your stomach growls, and you begin to think: There's got to be a better way. http://www.ey3news.com/cgi-bin/goto.cgi?stid=0000000003219928 http://www.ey3news.com/cgi-bin/goto.cgi?stid=0000000003219928 2007-08-10 18:01:56 There are tempting ways to use your home for potential financial gain. Here's how and when they make sense. http://www.ey3news.com/cgi-bin/goto.cgi?stid=0000000003219929 http://www.ey3news.com/cgi-bin/goto.cgi?stid=0000000003219929 2007-08-10 18:01:56 Question: I've contributed to a Roth IRA in the past and plan to do so again this year. My wife isn't employed, but I was wondering whether I can make a Roth IRA contribution for her too. If so, can we have a joint account or do we need two separate IRA accounts? - Raj, Edison, N.J. http://www.ey3news.com/cgi-bin/goto.cgi?stid=0000000003219930 http://www.ey3news.com/cgi-bin/goto.cgi?stid=0000000003219930 2007-08-10 18:01:56 Read full story for latest details. http://www.ey3news.com/cgi-bin/goto.cgi?stid=0000000003219852 http://www.ey3news.com/cgi-bin/goto.cgi?stid=0000000003219852 2007-08-10 18:01:55 The rebirth of the Taurus was given a sour reception, but the new Ford deserves better. http://www.ey3news.com/cgi-bin/goto.cgi?stid=0000000003219854 http://www.ey3news.com/cgi-bin/goto.cgi?stid=0000000003219854 2007-08-10 18:01:55 Sales of the new iMac are likely to be strong, but not because parents are going to buy them for school, writes Business 2.0's Philip Elmer-DeWitt. http://www.ey3news.com/cgi-bin/goto.cgi?stid=0000000003219855 http://www.ey3news.com/cgi-bin/goto.cgi?stid=0000000003219855 2007-08-10 18:01:55 Big stock-market drops can be a boon for the young since they get to buy low and then let their investments grow for decades. http://www.ey3news.com/cgi-bin/goto.cgi?stid=0000000003219856 http://www.ey3news.com/cgi-bin/goto.cgi?stid=0000000003219856 2007-08-10 18:01:55 http://www.ey3news.com/cgi-bin/goto.cgi?stid=0000000003219858 http://www.ey3news.com/cgi-bin/goto.cgi?stid=0000000003219858 2007-08-10 18:01:55 Fireworks exploded over Tiananmen Square Wednesday night to mark the official one-year rundown to the 2008 Olympics. In American presidential politics, China is already producing fireworks between the nation's two major parties. http://www.ey3news.com/cgi-bin/goto.cgi?stid=0000000003219859 http://www.ey3news.com/cgi-bin/goto.cgi?stid=0000000003219859 2007-08-10 18:01:55 Gone are the days of browsing through the newspaper in search of houses on the market. Now, most potential buyers look online and and view slide shows. But soon they'll be walking virtually through homes and even sneaking a look at what's in the refrigerator. http://www.ey3news.com/cgi-bin/goto.cgi?stid=0000000003219860 http://www.ey3news.com/cgi-bin/goto.cgi?stid=0000000003219860 2007-08-10 18:01:55 http://www.ey3news.com/cgi-bin/goto.cgi?stid=0000000003219861 http://www.ey3news.com/cgi-bin/goto.cgi?stid=0000000003219861 2007-08-10 18:01:55 Mortgage rates fell for the third straight week after rising substantially over the previous two months, Freddie Mac reported Thursday. http://www.ey3news.com/cgi-bin/goto.cgi?stid=0000000003219863 http://www.ey3news.com/cgi-bin/goto.cgi?stid=0000000003219863 2007-08-10 18:01:55 The online marriage company had a spectacular quarter. But the stock price should give investors cold feet, argues the Media Biz blog. http://www.ey3news.com/cgi-bin/goto.cgi?stid=0000000003219864 http://www.ey3news.com/cgi-bin/goto.cgi?stid=0000000003219864 2007-08-10 18:01:55 Two Goldman Sachs computer-driven hedge funds have sold some positions after taking a big hit in recent weeks, according to a report published Tuesday. http://www.ey3news.com/cgi-bin/goto.cgi?stid=0000000003219867 http://www.ey3news.com/cgi-bin/goto.cgi?stid=0000000003219867 2007-08-10 18:01:55 Private equity titan Blackstone Group raised $21.7 billion for its latest fund, despite a chill in the debt markets that has brought buyout deals to a halt. http://www.ey3news.com/cgi-bin/goto.cgi?stid=0000000003219868 http://www.ey3news.com/cgi-bin/goto.cgi?stid=0000000003219868 2007-08-10 18:01:55 This year's trifecta of a housing slump, credit market crunch and high gas prices has made investors very jittery about retail stocks that are especially vulnerable to those risks. http://www.ey3news.com/cgi-bin/goto.cgi?stid=0000000003219869 http://www.ey3news.com/cgi-bin/goto.cgi?stid=0000000003219869 2007-08-10 18:01:55 Bond prices surged Thursday as investors sought shelter as the equity market tumbled amid continued credit market fears. http://www.ey3news.com/cgi-bin/goto.cgi?stid=0000000003219870 http://www.ey3news.com/cgi-bin/goto.cgi?stid=0000000003219870 2007-08-10 18:01:55 Read full story for latest details. http://www.ey3news.com/cgi-bin/goto.cgi?stid=0000000003219871 http://www.ey3news.com/cgi-bin/goto.cgi?stid=0000000003219871 2007-08-10 18:01:55 Read full story for latest details. http://www.ey3news.com/cgi-bin/goto.cgi?stid=0000000003219872 http://www.ey3news.com/cgi-bin/goto.cgi?stid=0000000003219872 2007-08-10 18:01:55 Read full story for latest details. http://www.ey3news.com/cgi-bin/goto.cgi?stid=0000000003219873 http://www.ey3news.com/cgi-bin/goto.cgi?stid=0000000003219873 2007-08-10 18:01:55 Bond prices fell Wednesday after a lackluster sale of 10-year notes and as traders turned towards riskier assets rather than the safe haven of bonds. The dollar fell against the euro and rose versus the yen. http://www.ey3news.com/cgi-bin/goto.cgi?stid=0000000003219874 http://www.ey3news.com/cgi-bin/goto.cgi?stid=0000000003219874 2007-08-10 18:01:55 The stunning drop in stock prices dominated the headlines for days in late July -- and not just in the business press. The major market averages in the U.S. fell approximately 5% in a week, the largest weekly decline in five years. http://www.ey3news.com/cgi-bin/goto.cgi?stid=0000000003219875 http://www.ey3news.com/cgi-bin/goto.cgi?stid=0000000003219875 2007-08-10 18:01:55 Oil prices see-sawed Wednesday after government said supplies of crude showed a big decrease, refining activity fell, and gasoline stocks slid unexpectedly. http://www.ey3news.com/cgi-bin/goto.cgi?stid=0000000003219876 http://www.ey3news.com/cgi-bin/goto.cgi?stid=0000000003219876 2007-08-10 18:01:55 Michael Psaros is ready to pounce. Perched in his office atop Manhattan's MetLife Building, with its sweeping views of Central Park and photos of the sun-splashed Greek isle of Chios, home of his forebears, the 40-year-old is convinced that the spreading wreckage in the buyout world will serve up the best deals of his life. http://www.ey3news.com/cgi-bin/goto.cgi?stid=0000000003219877 http://www.ey3news.com/cgi-bin/goto.cgi?stid=0000000003219877 2007-08-10 18:01:55 Trading at the New York Stock Exchange and the Nasdaq Stock Market began as scheduled Wednesday in spite of violent thunderstorms and flash floods that crippled New York City's transportation system in the early morning. http://www.ey3news.com/cgi-bin/goto.cgi?stid=0000000003219878 http://www.ey3news.com/cgi-bin/goto.cgi?stid=0000000003219878 2007-08-10 18:01:55 Wall Street's wild ride resumed Monday with the Dow industrials soaring 286 points, marking its biggest point gain in nearly 5 years, helped by financial sector strength and subsiding credit market fears. http://www.ey3news.com/cgi-bin/goto.cgi?stid=0000000003219879 http://www.ey3news.com/cgi-bin/goto.cgi?stid=0000000003219879 2007-08-10 18:01:55 Back in the early 1960s, Bob Dylan informed us that the times were a-changin'. He was right, at least ethnically; America was, back then, a very different place. http://www.ey3news.com/cgi-bin/goto.cgi?stid=0000000003219881 http://www.ey3news.com/cgi-bin/goto.cgi?stid=0000000003219881 2007-08-10 18:01:55 President Bush said Wednesday the U.S. economy is thriving and he is doing what it takes to keep it strong. http://www.ey3news.com/cgi-bin/goto.cgi?stid=0000000003219883 http://www.ey3news.com/cgi-bin/goto.cgi?stid=0000000003219883 2007-08-10 18:01:55 Read full story for latest details. http://www.ey3news.com/cgi-bin/goto.cgi?stid=0000000003219830 http://www.ey3news.com/cgi-bin/goto.cgi?stid=0000000003219830 2007-08-10 18:01:54 Read full story for latest details. http://www.ey3news.com/cgi-bin/goto.cgi?stid=0000000003219831 http://www.ey3news.com/cgi-bin/goto.cgi?stid=0000000003219831 2007-08-10 18:01:54 Fannie Mae told regulators Thursday that it will not be able to file its its quarterly report on form 10-Q for the quarter ended June 30 in time. http://www.ey3news.com/cgi-bin/goto.cgi?stid=0000000003219832 http://www.ey3news.com/cgi-bin/goto.cgi?stid=0000000003219832 2007-08-10 18:01:54 Stock slumped Thursday, with the Dow suffering its second worst session of the year as worries about the global credit market sparked a broad selloff in equities, following a three-session rally. http://www.ey3news.com/cgi-bin/goto.cgi?stid=0000000003219833 http://www.ey3news.com/cgi-bin/goto.cgi?stid=0000000003219833 2007-08-10 18:01:54 Parents beware - financial aid scams are growing. Complaints are up 60 percent last year, according to the Better Business Bureau. Here's what you need to watch out for. http://www.ey3news.com/cgi-bin/goto.cgi?stid=0000000003219834 http://www.ey3news.com/cgi-bin/goto.cgi?stid=0000000003219834 2007-08-10 18:01:54 Financials were among the hardest hit during Thursday's session as new credit concerns surfaced, sparking a steep selloff on Wall Street. http://www.ey3news.com/cgi-bin/goto.cgi?stid=0000000003219836 http://www.ey3news.com/cgi-bin/goto.cgi?stid=0000000003219836 2007-08-10 18:01:54 Stock declines accelerated Thursday afternoon as worries about the global credit market sparked a broad selloff in equities, following a three-session rally. http://www.ey3news.com/cgi-bin/goto.cgi?stid=0000000003219837 http://www.ey3news.com/cgi-bin/goto.cgi?stid=0000000003219837 2007-08-10 18:01:54 Read full story for latest details. http://www.ey3news.com/cgi-bin/goto.cgi?stid=0000000003219838 http://www.ey3news.com/cgi-bin/goto.cgi?stid=0000000003219838 2007-08-10 18:01:54 My AARP card arrived in the mail last year, unsolicited, just a few months shy of my fiftieth birthday, like it does for just about everyone - and I reacted like, well, just about everyone. http://www.ey3news.com/cgi-bin/goto.cgi?stid=0000000003219840 http://www.ey3news.com/cgi-bin/goto.cgi?stid=0000000003219840 2007-08-10 18:01:54 Stocks slumped Thursday afternoon, as revived concerns about the global credit market caused investors to dump equities and seek safer havens for their money. http://www.ey3news.com/cgi-bin/goto.cgi?stid=0000000003219841 http://www.ey3news.com/cgi-bin/goto.cgi?stid=0000000003219841 2007-08-10 18:01:54 What a difference a few months can make. http://www.ey3news.com/cgi-bin/goto.cgi?stid=0000000003219842 http://www.ey3news.com/cgi-bin/goto.cgi?stid=0000000003219842 2007-08-10 18:01:54 President Bush said Thursday he believed that financial markets, which have been rattled recently by mortgage and credit market woes, should remain resilient. http://www.ey3news.com/cgi-bin/goto.cgi?stid=0000000003219843 http://www.ey3news.com/cgi-bin/goto.cgi?stid=0000000003219843 2007-08-10 18:01:54 Last year was a safer one for workers in the United States; 5,703 died on the job, down slightly from the 5,734 fatalities in 2005. The rate was 3.9 per 100,000 workers, slightly lower than the 4.0 per 100,000 in 2005. http://www.ey3news.com/cgi-bin/goto.cgi?stid=0000000003219844 http://www.ey3news.com/cgi-bin/goto.cgi?stid=0000000003219844 2007-08-10 18:01:54 Read full story for latest details. http://www.ey3news.com/cgi-bin/goto.cgi?stid=0000000003219845 http://www.ey3news.com/cgi-bin/goto.cgi?stid=0000000003219845 2007-08-10 18:01:54 Read full story for latest details. http://www.ey3news.com/cgi-bin/goto.cgi?stid=0000000003219846 http://www.ey3news.com/cgi-bin/goto.cgi?stid=0000000003219846 2007-08-10 18:01:54