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Using Twitter for Travel

Heather Whaling, a marketer from Florida, was recently planning a business trip to Long Beach, CA, and wondered if she should fly into Long Beach or LAX. She could have looked at blogs, checked out airport websites, or even called a travel agent.

AIG may sell U.S. auto unit to Zurich: source

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American International Group Inc is close to selling its U.S. auto insurance business to Swiss insurer Zurich Financial Services for roughly $1.5 billion, a source familiar with the matter said on Wednesday.
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One in 8 U.S. households late paying or in foreclosure

One in every eight U.S. households, a record share, ended 2008 behind on their mortgage payments or in the foreclosure process as job losses intensified a housing crisis spawned by lax lending practices, the Mortgage Bankers Association said on Thursday.
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PG&E to purchase solar power from space

Utility firm PG&E, California's largest, is approaching renewable energy in a much different way by completing a deal to be provided with solar energy from space starting in 2016.
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Netsuite targets SAP and Oracle: source

NetSuite Inc has developed programs targeted at large corporations, a person familiar with the strategy said, in an effort to move the software maker beyond the small- to mid-sized business market.
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Seized credit union planned to understate loss

Senior managers at a major corporate credit union seized last month were preparing to report a credit loss significantly below what an external analysis had revealed, the U.S. regulator of credit unions said on Friday.
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Chevron sees sharply lower Q1 profit

Chevron Corp warned that first-quarter earnings would be sharply lower than the previous quarter as lower oil and gas prices took a toll and refined-product margins shrank significantly.
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Oil rises $1 on U.S. distillate draw

Oil rose more than $1 a barrel on Wednesday after a U.S. government report showed a surprise draw in commercial distillate stockpiles and equities markets rallied.
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California county retreats on offshore drilling

Leaders of California's scenic Santa Barbara County, site of a 1969 oil spill that galvanized the modern environmental movement, voted on Tuesday to reverse a decision backing new offshore energy development.
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State pension funds weigh toxic assets: report

Representatives from at least 15 U.S. states discussed with a federal regulator the possibility of using their pension funds to buy troubled loans and securities, or toxic assets, the Bergen County Record in New Jersey reported.
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Retail Real Estate Investment Commentary

The retail sector is in contraction, fueled by the recession, mounting job losses and a sharp drop in consumer spending. Retail businesses are scaling back operations, closing stores and trimming demand for space.
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Affordability - Big Improvement in Most Markets

Affordability has been a major concern as home prices in some markets more than doubled earlier in the decade. After a period in the 1990s of great affordability when mortgage costs were between 20 and 35 percent of household income for most U.S. markets
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Wall Street climbs on economy, bank rule and G20

Stocks rallied for a third day on Thursday as more data pointed to a stabilizing economy and changes to an accounting rule were seen as shoring up the volatile financial sector in the short term.
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Wall Street rallies on economy, bank rule and G20

Stocks rallied for a third day on Thursday as more data pointed to a stabilizing economy and changes to a bank-accounting rule were seen as shoring up the volatile financial sector in the short term.
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Wall Street rallies on economy, bank rule

Stocks rallied for a third day on Thursday as more data pointed to a stabilizing economy and changes to a bank-accounting rule were seen as shoring up the volatile financial sector in the short term.
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Rackable Systems to buy Silicon Graphics for $25 mln

Server and data storage products maker Rackable Systems Inc on Wednesday said it agreed to acquire Silicon Graphics Inc, which filed for bankruptcy protection earlier in the day, for about $25 million in cash.

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