International Business News - Industries http://www.ibtimes.com/industries/ All articles are copyrighted by IBTimes.com 400 100 http://www.ibtimes.com/ http://www.ibtimes.com/images/top_logo_ibt2_3.gif Oil prices jumped Monday in Asia as Hurricane Ike looked poised to slam into the Gulf of Mexico later this week, delaying efforts to bring oil and gas production back online in a region still recovering from Hurricane Gustav. 176129 http://www.ibtimes.com/articles/20080908/oil-jumps-in-asia-as-ike-threatens-gulf-of-mexico.htm Mon, 08 Sep 2008 02:17:02 EDT Wall Street finally got what it's been angling for: a bailout of Fannie Mae and Freddie Mac that could aid a recovery of the broken U.S. housing market and arrest a slide in stock and credit markets worldwide. 176072 http://www.ibtimes.com/data/articleimgs/125377-mortgage-giants-crisis.jpg http://www.ibtimes.com/articles/20080907/wall-street-may-cheer-fannie-freddie-bailout.htm http://www.ibtimes.com/articles/20080907/wall-street-may-cheer-fannie-freddie-bailout.htm Sun, 07 Sep 2008 23:40:51 EDT The Bush administration's seizure of troubled mortgage giants Fannie Mae and Freddie Mac is potentially a $200 billion bet that it will help reverse a prolonged housing and credit crisis. 175978 http://www.ibtimes.com/data/articleimgs/125506-home-foreclosures.jpg http://www.ibtimes.com/articles/20080907/candidates-weigh-in-on-stabilizing-fannie-freddie.htm http://www.ibtimes.com/articles/20080907/candidates-weigh-in-on-stabilizing-fannie-freddie.htm Sun, 07 Sep 2008 21:51:58 EDT The government's historic bailout of Fannie Mae and Freddie Mac on Sunday will be good news to homebuyers and some homeowners hoping to refinance if it leads to lower mortgage rates, as experts expect. 176073 http://www.ibtimes.com/data/articleimgs/125383-mortgage-giants-crisis.jpg http://www.ibtimes.com/articles/20080907/fannie-freddie-deal-helps-some-borrowers-not-all.htm http://www.ibtimes.com/articles/20080907/fannie-freddie-deal-helps-some-borrowers-not-all.htm Sun, 07 Sep 2008 18:59:22 EDT THE TAKEOVER: The government is taking control mortgage finance companies Fannie Mae and Freddie Mac, installing new chief executives and injecting money into the troubled companies. 176074 http://www.ibtimes.com/articles/20080907/summary-box-govt-seizes-mortgage-giants.htm Sun, 07 Sep 2008 18:52:54 EDT Efforts to bring oil and gas production back online in the Gulf of Mexico slowed Sunday as Hurricane Ike barreled toward the nation's energy complex, likely to be the second hurricane to slam into the Gulf in as many weeks. 176064 http://www.ibtimes.com/articles/20080907/gulf-oil-and-gas-producers-give-ike-a-serious-look.htm Sun, 07 Sep 2008 16:49:41 EDT The stock market has lurched back near its July lows--but Wall Street's concerns are a bit different now than they were then. In July, investors were vexed about record-high oil prices; since that time, crude has fallen nearly 28 percent. Back then, financial services companies were dragging down the broader market; over the past two months, the financial sector has outperformed the major stock indexes. 176059 http://www.ibtimes.com/articles/20080907/wall-street-wobbles-as-economic-landscape-shifts.htm Sun, 07 Sep 2008 16:47:23 EDT When the 1,020-foot Explorer of the Seas cruises through North Atlantic waters next year, it'll spend more time off the coast of New England and less time near Canadian shores, and it's not because of better vistas. 176056 http://www.ibtimes.com/articles/20080907/cruise-lines-change-course-to-cut-fuel.htm Sun, 07 Sep 2008 15:18:21 EDT MARKETING BOOST: Foodmakers are squeezed right now because of high commodity prices, but they're planning boosts in advertising this year. It comes as they're raising prices and in some cases shrinking products as a way to recoup these high costs. 176045 http://www.ibtimes.com/articles/20080907/summary-box-foodmakers-expand-ads-in-down-economy.htm Sun, 07 Sep 2008 14:48:30 EDT Foodmakers may be worried about higher costs for key ingredients, pushing through price increases and still maintaining their profits. But for big names like Sara Lee, Kraft and others, these slim times don't mean doing away with their advertising budgets. 176044 http://www.ibtimes.com/articles/20080907/foodmakers-plan-big-ad-campaigns-in-down-economy.htm Sun, 07 Sep 2008 14:46:09 EDT Iraq's Cabinet approved an initial gas agreement Sunday between the Oil Ministry and Royal Dutch Shell PLC to invest in a joint venture to tap natural gas in southern Iraq, a government statement said. 176035 http://www.ibtimes.com/articles/20080907/iraqi-cabinet-approves-initial-gas-deal-with-shell.htm Sun, 07 Sep 2008 14:16:47 EDT Olympian Michael Phelps' record-setting performance in Beijing has led to multimillion-dollar endorsement deals, but his road to marketing gold was paved years before he swam a lap in China. 176039 http://www.ibtimes.com/articles/20080907/long-term-plan-aids-marketing-of-michael-phelps.htm Sun, 07 Sep 2008 14:09:24 EDT The outcome of the platinum party currently underway will determine the path of the sector for the next 50 years. 176013 http://www.ibtimes.com/articles/20080907/booysendal-platinum-belle-of-the-ball.htm Sun, 07 Sep 2008 09:47:00 EDT Media reports say Lonmin, Aquarius, Mvela could merge in a move to try and fight off hostile bid from Xstrata. 176007 http://www.ibtimes.com/articles/20080907/platinum-miner-lonmin-in-merger-talks-to.htm Sun, 07 Sep 2008 08:01:00 EDT A combination of low prices, weddings, Eid and Diwali are likely to give the physical market substantial support throughout much of September - the question is whether purchasers are buying more, or earlier, or both? 176004 http://www.ibtimes.com/articles/20080907/physical-gold-demand-strong-for-another-seven.htm Sun, 07 Sep 2008 06:59:00 EDT Amid market turmoil, good mentions go to Forsys Metals, Extract Resources, Kalahari Minerals, Summit Resources and Hathor Exploration. 176003 http://www.ibtimes.com/articles/20080907/rising-uranium-stars.htm Sun, 07 Sep 2008 03:54:00 EDT AirAsia, the region's biggest budget carrier, is making a risky bet. As soaring fuel prices have forced other airlines to cut back, shed jobs and ground planes, AirAsia is doing the opposite: increasing flights, adding routes and boosting capital investment. 175985 http://www.ibtimes.com/articles/20080907/airasia-takes-risks-with-expansion-amid-downturn.htm Sun, 07 Sep 2008 03:32:12 EDT The historic takeover of Fannie Mae and Freddie Mac, which could come as soon as Sunday, moved to the forefront of the presidential campaign Saturday as candidates and congressional leaders seized on the enormous implications for taxpayers and the economy. 175859 http://www.ibtimes.com/data/articleimgs/124895-home-foreclosures.jpg http://www.ibtimes.com/articles/20080906/govt-may-soon-back-fannie-freddie.htm http://www.ibtimes.com/articles/20080906/govt-may-soon-back-fannie-freddie.htm Sat, 06 Sep 2008 22:15:57 EDT Striking Boeing Co. production workers hunkered down Saturday for what could be along, bruising battle with costly repercussions for both sides. Greeted by friendly honking from passing vehicles, members of the International Association of Machinists and Aerospace Workers responded with cheering and blasts from handheld air horns Saturday at plants from Frederickson to Everett as cloudy skies gave way to warm and sunny weather. 175868 http://www.ibtimes.com/data/articleimgs/124478-boeing-machinists.jpg http://www.ibtimes.com/articles/20080906/boeing-machinists-talks-fail-strike-is-on.htm http://www.ibtimes.com/articles/20080906/boeing-machinists-talks-fail-strike-is-on.htm Sat, 06 Sep 2008 21:01:25 EDT Mortgage giants Fannie Mae and Freddie Mac--despite their robust cadre of economists and mortgage experts--failed to heed warnings that the most dramatic housing bubble in U.S. history would burst. 175949 http://www.ibtimes.com/data/articleimgs/124769-home-foreclosures.jpg http://www.ibtimes.com/articles/20080906/fannie-freddie-blind-to-the-bubble.htm http://www.ibtimes.com/articles/20080906/fannie-freddie-blind-to-the-bubble.htm Sat, 06 Sep 2008 20:06:14 EDT