| Friday, May 9 2008 |
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 Auto parts supplier Delphi reports wider loss NEW YORK (AP) -- Auto parts maker Delphi Corp. reported on Friday that it lost more money in the first quarter than it did a year ago, but that an increased credit line will still allow it to emerge from bankruptcy protection intact.... German insurer Allianz 1Q net profit falls 65 percent FRANKFURT, Germany (AP) -- German insurer Allianz SE said Friday first-quarter net profit fell 65 percent due to difficult market conditions as it wrote down $1.3 billion tied to the U.S. subprime crisis.... Japan Airlines reduces losses in latest quarter TOKYO (AP) -- Japan Airlines reduced losses in the January-March quarter from a year earlier on cost cuts but forecast lower profit Friday for this fiscal year, blaming soaring fuel costs and intense competition.... Warner Music Group 2Q loss widens on increased expenses  Stocks decline as AIG reveals need for cash, oil surges NEW YORK (AP) -- Wall Street ended the week with a big decline as investors grappled with two of the biggest threats to the economy: fallout from turmoil in the credit market and surging energy prices. All three major indexes suffered losses for the week.... Sovereign, AIG among big market movers NEW YORK (AP) -- Stocks that are moving substantially or trading heavily Friday on the New York Stock Exchange and the Nasdaq Stock Market:... Wall Street looks for more evidence to justify a rally NEW YORK (AP) -- Wall Street goes into the new week in an upbeat mood, with investors growing more confident that the economy and the financial markets are heading toward a second-half recovery....  Federal regulators close Arkansas bank ANB Financial BENTONVILLE, Ark. (AP) -- Federal regulators says they've closed ANB Financial National Association banks after discovering "unsafe and unsound" business practices there.... Smoking ban could hit Detroit's casinos DETROIT (AP) -- If smoking is banned in Detroit bars, restaurants and workplaces, Betty Gilbert says it will hurt the city's casinos.... FedEx cuts 4Q profit forecast, blames fuel costs MEMPHIS, Tenn. (AP) -- FedEx Corp. cut its fourth-quarter earnings expectations Friday, blaming continuing increases in fuel costs.... Circuit City allows Blockbuster, Icahn to review books |
  
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