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News! UAW, American Axle reach deal that could end strike
American Axle and Manufacturing Holdings Inc. boosted its wage offer and increased the payments it will give workers to take a wage cut as part of a tentative agreement that could settle an 11-week strike by the United Auto Workers union, a person briefed on the deal said... (More)
 
Market Report
16:25 ET [BRIEFING.COM] The stock market closed just above the unchanged mark Friday, locking in a 2.6% gain for the week.  Despite being an options expiration date, the session's tone was rather subdued. 

Several... (More)

 
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Union rejects American Airlines offer  - May 17, 4:34 pm (ET)
Negotiators for union mechanics and bag handlers at American Airlines have rejected a contract proposal from American Airlines that called for lump-sum payments instead of wage increases.
 
Oil sets record near $128; pump price at high, too  - May 17, 10:55 am (ET)
News that Saudi Arabia had boosted its oil output by 300,000 barrels a day was greeted as a non-event on oil markets — the move wasn't anywhere near the kind of production increase needed to bring prices down on Friday.
 
AOL seeks growth in shift from mass site to niches  - May 17, 7:44 am (ET)
A company rooted in bringing the Internet to the masses, AOL is shifting its focus toward serving niche audiences with the launch of dozens of specialty Web sites.
 
AOL sheds its brand to draw specialty audiences  - May 17, 7:46 am (ET)
Unless you're looking carefully, you'll likely miss the fact that the new Asylum Web site for young men is a creation of Time Warner Inc.'s AOL. Same for WalletPop on personal finance, Spinner on indie music and StyleList on fashion.
 
Summer may bring a turning point for stock market  - May 17, 3:57 am (ET)
After nine months of turmoil that started with the collapse of the subprime mortgage market, Wall Street appears to be at a turning point of sorts.
 
Ex-Malaysian leader calls for ban on Halliburton  - May 17, 8:05 am (ET)
Former Prime Minister Mahathir Mohamad on Saturday slammed the government's move to allow U.S. oilfield services provider Halliburton Co. to begin operating in Malaysia, saying the country doesn't need "blood money."
 
Cathay Pacific Airways considers cutting routes  - May 17, 8:06 am (ET)
Cathay Pacific Airways might cut routes to help cope with surging fuel prices, its chief executive said.
 
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