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Week In Pictures
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Merrill Lynch & Co. Chief Executive John Thain is making a pitch to Wall Street: Buy the brokerage's shares while they're still cheap. But investors don't seem ready to listen.
The pace of U.S. venture capital investments remained steady at $7.4 billion during the second quarter despite a wobbly stock market that has made it increasingly difficult for the financiers of new ideas to cash out of startups.
Citigroup has become the latest big bank to quell Wall Street's worries about a financial sector implosion, posting a $2.5 billion second-quarter loss that was smaller than expected.
The tomato scare may be over, but it has taken a toll - it's cost the industry an estimated $100 million and left millions of people with a new wariness about the safety of everyday foods.
Platinum prices fell to a five-month low Friday as a sagging U.S. economy and a push to build smaller cars prompt automakers to buy less of the metal used in catalytic converters.
Chinese oil giant Sinopec says its first-half profit will fall more than 50 percent from the same period last year due to government controls that limit its ability to pass on record-high crude costs to consumers.
Oilfield services provider Schlumberger Ltd. opened the petroleum sector's midyear earnings period on a strong note Friday, reporting a nearly 13 percent jump in profit driven by robust spending among customers searching for new sources of crude and natural gas.
Mattel Inc. said Friday its second-quarter profit fell by nearly half as higher costs offset strong sales of toys related to summer movies like "Kung Fu Panda" and the latest Batman film and the benefit from the weaker dollar.
Second quarter earnings rose 18 percent at Honeywell International Inc. and the diversified manufacturer raised its 2008 forecast Friday as its global reach helped buffer the company from the deep woes faced by the U.S. economy.
Mobile phone maker Sony Ericsson on Friday posted a 97 percent drop in second-quarter earnings and said it would slash 2,000 jobs worldwide in a move to cut costs.
It's OK to eat all kinds of tomatoes again, the U.S. government declared Thursday - lifting its salmonella warning on the summer favorites amid signs that the record outbreak, while not over, may finally be slowing.
The World Trade Organization made public its first official condemnation of Chinese commercial practices on Friday, releasing a February ruling that sided with the United States, the European Union and Canada in a dispute over car parts.
It's only a few months into the cotton growing season, but already the budding rows of cotton are dwarfed by towering weeds that starve them of sunlight, nutrients and water.
President Cristina Fernandez canceled a widely protested farm export tax hike on Friday following months of protest and a stunning rejection by the Senate.
The trash talking has begun.
It took a few months. But the economic woes touched off by soaring oil prices and the subprime mortgage crisis in the United States are finally engulfing Europe.
Two of California's biggest health insurers have agreed to collectively pay $13 million and reinstate more than 2,000 insurance policies to settle claims with the state that they illegally dropped policyholders from coverage.
Treasury prices declined for a third straight session Friday after Citigroup Inc.'s second-quarter report eased investor concern about credit market turmoil.
Border agents have stepped up searches and hundreds of traps have been placed on the California-Mexico line in an aggressive campaign to stop a tiny bug from bringing in a disease farmers say could wipe out the $1.3 billion citrus industry here.
