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- Oil goes up, stocks go down
NEW YORK – Stocks ended a lackluster week with a moderate decline yesterday as higher oil prices weighed on investors' already rickety sentiment and Treasuries rallied amid concerns about a meltdown in the subprime mortgage market among companies that offer loans to those with spotty credit.
- In Mexico, fields of gold
CIUDAD SERDAN, Mexico – Rogelio Zacaula plucks an ear of corn from his field with the pride of a prospector unearthing the gold that legend says is buried in the slopes surrounding the nearby Orizaba volcano.
- Starbucks exec calls brand diluted
CHICAGO – In a blunt memo to executives, Starbucks Corp. Chairman Howard Schultz warned that the fast-growing chain may be commoditizing its brand and becoming more vulnerable to competition from other coffee shops and fast-food chains.
- Portugal Telecom shareholder won't accept bid
Portugal Telecom investor Brandes Investment Partners, a San Diego firm managing $117 billion, said it won't tender its stake to Sonaecom, which is pursuing a hostile bid for Portugal's largest phone company.
- BUSINESS BRIEFS
Hospital announcement planned
State Attorney General Jerry Brown plans to make an announcement Monday about his review of the proposed sale of nonprofit Paradise Valley Hospital in National City to for-profit Prime Healthcare Services of Victorville.
- On the move
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