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Rising Rates Tempt Investors Into Cash

Offering yields not seen in years, savings accounts, certificates of deposits and money market funds are enticing investors rattled by the recent gyrations in stocks and bonds.

China's Nanjing to build MG cars in Oklahoma

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China's Nanjing Automobile Group, which took control of Britain's collapsed MG Rover last year, on Wednesday said it would build MG-brand cars in Oklahoma, making it the first Chinese automaker to assemble vehicles in the United States.
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U.S. Army to End Halliburton Deal

The U.S. Army will discontinue its multi-billion dollar contract with oil services giant Halliburton Co. to provide logistical support to U.S. troops worldwide, The Washington Post reported on Wednesday.
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Myspace Tops U.S. Charts

Myspace.com, the social networking phenomenon, ranked as the top U.S web site last week the Internet tracking site, Hitwise stated Tuesday.
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Matsushita Creates Massive Plasma

Matsushita Electric Industrial Co. Ltd., the maker of Panasonic brand electronics, said on Monday it hoped to start selling the world's largest plasma television by early next year.
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Samsung Elec to post weak Q2, but recovery ahead

Samsung Electronics Co. Ltd. is set to report a 7 percent fall in quarterly profit on Friday on shrinking margins in mobile phones and flat screens, but analysts forecast a recovery in the second half.
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Time Warner sees loss, potential in AOL plan: report

Time Warner Inc. estimates its AOL division would lose almost $1 billion in operating profit through 2009 under a plan to offer the unit's services free to some customers, The Wall Street Journal said on Tuesday.
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Equities still expensive by some measures

How easily global equities bounce back from May-June losses is in large part dependent on how much of a bargain shares have become for investors, and that depends on what measure you choose to determine value.
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Alliance Talks to Start Amid Investor Concerns

As GM, Renault-Nissan prepare to pursue “exploratory” talks about a possible alliance, GM investors are wondering whether the partnership can benefit the world largest automaker, currently in the midst of a major restructuring.
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Home loan demand rises amid Fed rate increase

U.S. mortgage applications rose for the first time in three weeks as interest rates on home loans fell from a four-year high during a week when the Federal Reserve raised borrowing costs, an industry trade group said on Thursday.
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Antidepressant market under siege from generics

The $15 billion market for antidepressants, one of the biggest in the pharmaceuticals industry, is in danger of crumbling as generic competition eats away at existing products and drug companies struggle to develop replacements.
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More than 14 pct lack health insurance

More than 14 percent of Americans lacked health insurance last year, a slightly lower share than 2004, according to federal statistics published on Wednesday.
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Pension fund holds promise

China's efforts to defuse what experts have called its pension time bomb have created a multibillion-dollar opportunity for domestic and international fund managers.
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H&R Block says break-up not in the cards

H&R Block Inc. has no plans to break itself up or sell some businesses to private equity firms to improve the company's value to shareholders, Chief Financial Officer William Trubeck said on Wednesday.
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Avoiding an Audit

An IRS audit is one of those things - like public speaking - that makes most of us sweat by just thinking about it. And unfortunately, the IRS is enforcing the nation's tax laws with renewed vigor, so you can expect a higher statistical chance of being audited in the future. How much higher remains to be seen, but I advise increased caution and attention to detail with your 2005 return.
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How to Write Off That Boondoggle

You've done it - tacked a few vacation days on to the end of a boring business trip. And why not? It's one of the few perks of spending time on the road. But what if you're self-employed and the only one picking up the bill is you? Well, you can still combine tax savings and vacation into the same trip. Consider yourself reimbursed by Uncle Sam.
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Aviva in talks to buy AmerUs

Britain's biggest insurer, Aviva Plc, is in talks to buy U.S. life insurer AmerUs Group Co, valued at about $2.3 billion, in a deal that would boost Aviva's undersized presence in the booming U.S. market.
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Atlantic City casino losses seen at $20 mln a day

Atlantic City casinos could lose more than $20 million a day in revenue and cut thousands of jobs, an industry executive said on Wednesday, as a New Jersey budget impasse forced operators to close shop.
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Internet TV: AT&T's Dubious Attempt

AT&T says that the initial customers of its latest Internet TV offering have been pleased. But with experts citing a number of problems and limitations, will the new service be embraced?
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BAE Systems Orders New Airbus Audit

Britain's BAE Systems, Europe's largest defense company, ordered an audit of Airbus on Wednesday, pushing back its possible sale of a 20-percent stake in the European planemaker into September at the earliest.

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