WAGT - News - Business http://www.nbcaugusta.com/news/business RSS Feed for WAGT-1 - News - Your Money en-us Mon, 06 Oct 2008 15:52:38 GMT Oil, gas prices continue decline http://www.nbcaugusta.com/news/business/30516404.html Oil prices have traded under $90 a barrel for the first time in eight months. Traders expect the widening financial crisis could drastically reduce global demand for energy. Wall Street tumbles amid global sell-off http://www.nbcaugusta.com/news/business/30515194.html Wall Street is plunging, with the Dow Jones industrials down more than 500 points amid growing fears that the credit crisis is spreading around the world. Holiday shopping expected to show weakest growth since 2002 http://www.nbcaugusta.com/news/business/30514824.html Experts say the turmoil in the financial markets could prompt some parents to cut back on spending in the holiday season. More than 100 banks to fail next year, analyst predicts http://www.nbcaugusta.com/news/business/30498939.html Economists consider it a safe bet that a lot of banks are not going to survive over the next year despite Washington's $700 billion bailout plan. Wachovia says it will press ahead with Wells deal http://www.nbcaugusta.com/news/business/30488909.html Despite a judge's order temporarily blocking the deal, Wachovia Corporation says it's going ahead with an almost 15 billion dollar agreement to sell itself to Wells Fargo. Wells Fargo agrees to buy Wachovia, Citi objects http://www.nbcaugusta.com/news/business/30399464.html Wachovia says it agreed to be acquired by San Francisco-based Wells Fargo & Co. in a $15.1 billion all-stock deal. But Citigroup now demands that Wachovia abide by the terms of its earlier deal to buy Wachovia's banking operations. Airlines on-time performance improved in August http://www.nbcaugusta.com/news/business/30261379.html The federal government says U.S. airlines did a better job in August handling baggage and getting people to their destinations on time. Senate approves its version of the economic bailout bill http://www.nbcaugusta.com/news/business/30071514.html Shrimpers pull out of Beaufort festival http://www.nbcaugusta.com/news/business/30069329.html Officials say a difficult year for shrimpers has prompted the state's Shrimpers Association to pull its sponsorship from Beaufort's annual shrimp festival. Labeling law shines light on the origin of food http://www.nbcaugusta.com/news/business/30053574.html Do you ever wonder where those steaks, pineapples and carrots you bought at the grocery store came from?