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• Circuit City still mulling sale(CNN)
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• Hewlett-Packard beats expectations(CNN)
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• Falling home prices: The silver lining(CNN)
Home prices continue to tumble across the country, making homes more affordable in most U.S. cities, according to a new report released Tuesday.
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• Sallie Mae spent $640K lobbying Uncle Sam(CNN)
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• General Dynamics buys luxury jet maker(CNN)
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• Bonds mixed on inflation, housing(CNN)
Bond prices were mixed Tuesday as investors appeared torn between inflation concerns and fresh signs of economic weakness stemming from the ailing housing market.
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• iPods overheat, Apple under pressure(CNN)
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• Dollar sinks on weak economic reports(CNN)
The dollar lost ground against other currencies Tuesday after an inflation report showed a further rise in wholesale prices, and housing starts fell to a 17-year low.
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• GM offers 'employee discount' to consumers(CNN)
General Motors Corp. announced Tuesday it is extending the benefits of its employee discount to customers on nearly all of its 2008 vehicles and some 2009 models beginning Wednesday and ending Sept. 2.
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• Wall Street, meet small street(CNN)
Storm-tossed financial firms are throwing their treasures overboard just to stay afloat.
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• Riding the money train(CNN)
High energy prices have started to put a dent in corporate profits. But surprisingly, one industry that relies heavily on oil has not been hurt: the railroads. Most of the nation's top railroad companies have chugged along with strong sales and earnings increases in 2008, their results stoked by rising demand for transporting food and coal.
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• Stagflation? Or just stagnation?(CNN)
Two key reports in the past week show that inflation was running high in July. But August is offering relief.
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• Profit down at Target(CNN)
Target Corp.'s second-quarter profit slipped as the discount retailer faced more frugal consumers and difficulties in its credit card business, the company said Tuesday. But the results still managed to beat analysts' estimates.
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• Oil up on expected drop in gas supply(CNN)
Oil prices bounced back Tuesday as the dollar weakened and investors worried that a predicted fall in gasoline supplies could cause refineries to step up crude use.
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• Stocks slide for 2nd day(CNN)
Stocks slumped Tuesday, falling for the second session in a row, as oil prices rose, retailers' earnings disappointed and reports showed falling homebuilding activity and rising inflation.
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• Phonemakers fight for software developers(CNN)
Phone companies have long battled each other for customers, but now they're also fighting for the loyalty of developers: coders who create bite-sized software applications for mobile devices.
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• Selling clean machines(CNN)
When the U.S. entered World War II, David Oreck quit college to enlist in the Army Air Corps. At war's end, the idea of returning to class - and Minnesota, his home state - seemed too tame for a young man used to flying B-29 bombers. Instead, he took the first job he was offered: salesman at a Manhattan appliance distributorship.
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