Month: July, 2008
Greenspan speaks, market sinks
Blog: The former Fed chairman sends stocks reeling late in the day after warning that home prices are “nowhere near the bottom”
Salmonella probe likened to ‘Keystone Kops’
WASHINGTON — The government bungled the salmonella outbreak probe so badly, a House committee chairman said today, that federal investigators reminded him of Keystone Kops. A colleague hoped the maligned tomato can get its good name back.
Bristol-Myers offering $4.5 billion for ImClone
TRENTON, N.J. — Bristol-Myers Squibb Co. today offered $4.5 billion in cash for its cancer drug partner, biotechnology company ImClone Systems Inc., saying the two are “a natural fit.”
Food prices rise 16% during 2008
ST. LOUIS — Rising costs for fuel, feed and fertilizer propelled grain prices to all-time highs in June, raising the overall price of crops and livestock by 16 percent this year compared to last year.
Wall Street slides on GDP, jobless data
NEW YORK — Wall Street sank today, after weak readings on economic growth and the job market touched off renewed concerns about the financial health of businesses and consumers. The Dow Jones industrial average fell more than 200 points.
Workers’ pay and benefits lagging far behind inflation
Blog: Employers’ compensation costs rose just 0.7% in the second quarter, flat with the first quarter and down from a year earlier
Stocks mostly decline on GDP, jobless reports
NEW YORK — Stocks mostly declined today after a weaker-than-expected reading on the nation’s economy and troubling news on jobs touched off renewed concerns about businesses and consumers.
STAR-LEDGER ‘ON LIFE SUPPORT,’ OWNER MULLS SALE
The Star-Ledger in Newark, and its sister paper The Trenton Times, are “on life support” and could be sold if fewer than 225 workers fail to accept voluntary buyouts, their publishers warned. The paper’s owners, the Newhouse family, has already…
Scrabulous reincarnated on Facebook as Wordscraper
Blog: The addictive online game is back, but with a new name and a different look.
Fast Lane: Auto-related briefs for Friday, Aug. 1, 2008
FORD DOWNGRADES FUEL STANDARD
Ford Motor Co. thinks running on regular is a good deal, especially with premium gas prices running well above $4 a gallon.
Shoppers switching to store brands
After watching the price of her favorite bread rising too quickly, Michele Shores decided it was time for a fresh approach.
GDP increase below expectations; Democrats seek second stimulus package
The prospects for a quick economic recovery dimmed Thursday, with new data showing the economy grew at a slower-than-expected rate this spring despite some oomph from tax rebate checks - and actually shrank late last year.
Ad malaise begins to spread to TV
Earnings reports from three major media companies - CBS Corp., The Walt Disney Co. and Viacom Inc. - this week show the malaise in local ad markets beginning to spread to national cable and broadcast networks.

