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Money Minute: Guinness, eBay, CitigroupPlay

Money Minute: Guinness, eBay, Citigroup

AP - Fri May 9, 3:42 PM ET

Guinness plans to lay off more than half of its brewery workers, close two breweries and shift most beer production to a new, high-tech plant in the Dublin suburbs by 2013. (May 9)

  • Consumers give stores some relief Play
    Consumers give stores some relief AP - Thu May 8, 1:55 PM ET

    Consumers gave some of the nation's retailers a little relief in April but a new report points to a consumer contending with rising gas prices, sagging home values and worries about jobs. (May 8)

  • Paulson says credit crisis may be fading Play
    Paulson says credit crisis may be fading AP - Wed May 7, 3:34 PM ET

    Treasury Secretary Henry Paulson told The Associated Press Wednesday that the worst of the credit crisis may have passed but acknowledged that rising gas prices will blunt the effect of 130 million stimulus checks. (May 7)

  • Clearwire, Sprint Nextel to form WiMAX network Play
    Clearwire, Sprint Nextel to form WiMAX network AP - Wed May 7, 12:41 PM ET

    Clearwire and Sprint Nextel will combine their wireless broadband units to create a $14.55 billion communications company. (May 6)

  • Oil soars on Goldman Sachs prediction Play
    Oil soars on Goldman Sachs prediction AP - Tue May 6, 4:33 PM ET

    Oil futures hit new highs Tuesday, as investors bought on a forecast of much higher prices and on any news hinting at supply shortages. (May 6)

  • Fannie Mae reports $2.2B first-quarter loss Play
    Fannie Mae reports $2.2B first-quarter loss AP - Tue May 6, 11:57 AM ET

    Fannie Mae reported losses of $2.2 billion in the first quarter. The nation's largest buyer of home loans said it would cut its dividend and raise $6 billion in new capital, with expectations that the housing slump will persist into next year. (May 6)

  • Investors irked by Yahoo move Play
    Investors irked by Yahoo move AP - Mon May 5, 1:13 PM ET

    Yahoo shares fell more than 16 percent Monday as hopes for the once-dominant Internet icon dimmed following Microsoft's withdrawal of a $47.5 billion takeover bid. (May 5)

  • Military robots ready for combat challenge Play
    Military robots ready for combat challenge AP - Fri May 2, 12:32 PM ET

    Designers are showing off the latest in military hardware in London. And at first glance, you could mistake this convention for a toy show. But these remote-controlled vehicles are anything but toys. (May 2)

  • Employers cut 20,000 jobs, overall rate drops Play
    Employers cut 20,000 jobs, overall rate drops AP - Fri May 2, 10:25 AM ET

    Employers cut far fewer jobs in April than in recent months and the unemployment rate dropped to 5 percent. (May 2)

  • Exxon Mobil 1Q profit up 17 percent Play
    Exxon Mobil 1Q profit up 17 percent AP - Thu May 1, 12:42 PM ET

    Exxon Mobil Corp., the world's largest publicly traded oil company, said Thursday record crude prices helped its net income grow 17 percent in the first quarter.(May 1)

  • Fed: rate drops, economy remains weak Play
    Fed: rate drops, economy remains weak AP - Wed Apr 30, 3:52 PM ET

    The Federal Reserve cuts a key interest rate by a quarter point, a smaller move than drops in the past. But it says economic activity remains weak. (April 30)

  • Time Warner shedding cable business Play
    Time Warner shedding cable business AP - Wed Apr 30, 12:38 PM ET

    Time Warner will spin off the rest of its cable TV business, a widely anticipated move after months of pressure from investors. (April 30)

  • Economy grows by only 0.6 percent Play
    Economy grows by only 0.6 percent AP - Wed Apr 30, 11:59 AM ET

    The bruised economy limped through the first quarter, growing by only sixth-tenths of a percent as housing and credit problems forced people and businesses alike to hunker down. (April 30)

  • GM loses $3.3 billion in first quarter Play
    GM loses $3.3 billion in first quarter AP - Wed Apr 30, 10:41 AM ET

    General Motors has posted a $3.3 billion first-quarter loss. The nation's biggest automaker blamed the performance on weak U.S. market, a strike at a major parts supplier and plummeting sales of sport utility vehicles and pickups. (April 30)

  • Analysis: Countrywide loss shows scope of crisis Play
    Analysis: Countrywide loss shows scope of crisis AP - Tue Apr 29, 4:17 PM ET

    Jack Gage, Associate Editor of Forbes magazine says the quarterly losses suffered by Countrywide Financial serve as a barometer for the health of the housing sector. (April 29)

  • Home prices plunge by record 12.7 percent Play
    Home prices plunge by record 12.7 percent AP - Tue Apr 29, 12:22 PM ET

    Housing prices dropped in February at an accelerated rate, a widely watched index showed on Tuesday, reflecting that the housing slump is gaining momentum and showing no signs of letting up. (April 29)

  • "Grand Theft Auto IV' goes on sale Play
    "Grand Theft Auto IV' goes on sale AP - Tue Apr 29, 11:41 AM ET

    It what could be the biggest media launch in history, "Grand Theft Auto IV" has hit store shelves. (April 29)

  • Kerkorian seeks to boost Ford stake Play
    Kerkorian seeks to boost Ford stake AP - Mon Apr 28, 3:39 PM ET

    Billionaire Kirk Kerkorian made yet another foray into the troubled automotive industry on Monday with an offer to expand his stake in Ford Motor Co. to 5.6 percent. (April 28)

  • Mars buying gum maker Wrigley Play
    Mars buying gum maker Wrigley AP - Mon Apr 28, 1:05 PM ET

    Snickers and M&Ms candy maker Mars Inc. is buying Wm. Wrigley Jr. Co., which makes Juicy Fruit and Doublemint gum and Life Savers, for about $23 billion in cash. (April 28)