Business News for Introduction to Business

According to GDP data released Wednesday, the economy grew at 0.6% in the first quarter of 2008. From TheStreet.com : The government reporte...

As many expected, the Federal Reserve cuts the Federal Funds rate, the rate at which banks can borrow from the Fed on an overnight basis, by...

Crude oil prices dropped about $3.00 per barrel yesterday as the U.S. dollar strengthened a bit and traders waited to see what the Federal R...

Two-thirds of economists surveyed by USA Today believe the U.S. is in a recession currently and 79% believe the U.S. will enter a recessiona...

Continental Airlines has declined an option to merge with United. From USA Today : Continental Airlines' directors on Sunday opted to st...

Mars is acquiring Wrigley for approximately $23 billion. The deal is being financed in part by Warren Buffett. From The New York Times : Ma...

Starbucks shares fell 12% yesterday when it was announced that the company cut its quarterly and 2008 profit outlook. From USA Today : Schu...

Wendy's has been exploring sales options for quite some time and has accepted a bid from Triarc, the parent of Arby's. From The New...

The parent company of United Airlines posted a loss of $537 million for the first quarter citing a 51% increase in fuel costs as a major rea...

According to The New York Times, Rupert Murdoch's News Corporation has bid $580 million to buy a third New York-based newspaper, Newsday...

The price for a gallon of gasoline averaged $3.508, surpassing the inflation-adjusted high of $3.413 of 1981. From USA Today : The average p...