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Prudential 2nd-Qtr Profit Declines 5 Percent

Posted: 08/05/2009 - Insurance and investment company Prudential Financial Inc. has reported a 5 percent drop in profit for the second quarter, but adjusted results topped Wall Street expectations as the company benefited from improving financial markets.

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Chavez: Coffee Plants To Be Expropriated

Posted: 08/05/2009 - Venezuelan President Hugo Chavez says his government will expropriate the country's two largest coffee processing companies.

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News Corp Boosts Stake In Sky Deutschland

Posted: 08/05/2009 - News Corp., the media conglomerate controlled by Rupert Murdoch, has boosted its stake in German pay TV company Sky Deutschland AG to 39.96 percent.

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LaHood Extolls 'Cash For Clunkers' As Huge Success

Posted: 08/05/2009 - Transportation Secretary Ray LaHood proclaimed "cash-for-clunkers" a roaring success just as the Senate seems poised to push the popular program back into high gear with another $2 billion in cash.

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Pending Home Sales Index Rises Again In June

Posted: 08/04/2009 - The National Association of Realtors says pending home sales rose in June for the fifth straight month, another encouraging sign of life for the embattled U.S. housing market.

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