http://finreporter.com Hot finance and business news. Mon, 08 Sep 2008 13:40:25 +0000 http://backend.userland.com/rss092 en Russia aims to extend its control over energy deliveries to the West and it is important that European countries push forward on efforts to diversify routes for oil and gas supplies, a senior U.S. official said on Monday. As Vice President Dick Cheney visited Italy to seek support ... http://finreporter.com/russia-aims-to-corner-energy-market-us-official/ Gasoline prices eased for the fifth straight day, even as Tropical Storm Hanna bears down on the Carolinas, according to a nationwide survey of gas station credit card swipes.The average price of regular unleaded gasoline fell 0.4 cents to $3.674 a gallon from $3.678 a day earlier, motorist ... http://finreporter.com/gas-prices-fall-five-days-and-counting/ It's been almost a year since the Federal Reserve issued the first of what turned out to be seven rate-cuts to deal with the credit crisis.So why does the economy still seem like it's in a big funk, with banks continuing to suffer? One of the biggest proponents ... http://finreporter.com/why-the-fed-cuts-havent-worked/ More than 100 Pittsburgh-area civic leaders will convene Sept. 8 in a coordinated effort to step up efforts to combat home foreclosures. The Pennsylvania Housing Finance Agency and Federal Home Loan Bank of Pittsburgh are co-sponsoring an hour-long summit where detailed action kits will be presented to participants to help ... http://finreporter.com/civic-leaders-convening-on-monday-to-help-combat-home-foreclosures/ Representatives of Native Hawaiian programs urged the Hawaii Tourism Authority Thursday not to divert HTA money that supports them to use in marketing the state. At the same time, visitor industry executives warned that Hawaii must do more to bring tourists to the islands as hotel occupancy and visitor spending ... http://finreporter.com/hawaiian-groups-hotel-execs-lobby-hta-over-funds/ One of the most compelling dramas in New York's theater district this summer hinges on Lehman Brothers' courtship of a Korean bank.Just over a week after early enthusiasm over the reported talks dissipated, South Korea's largest newspaper reported Wednesday that a group led by Korea Development Bank is ... http://finreporter.com/lehmans-white-knight/ American International Industries Inc. has agreed to purchase a subsidiary of Shumate Industries Inc. for about $6.7 million. The Kemah-based holding company will buy Shumate Machine Works Corp. which will become a wholly owned subsidiary called Shumate Energy Technologies Inc. The deal is scheduled to close Oct. 1, Shumate currenly ... http://finreporter.com/american-international-to-buy-shumate-unit/ Transit ridership in San Francisco has increased 6.5 percent in the past year, boosted in part by rising gas prices. The San Francisco Municipal Transportation Agency said Tuesday that ridership on MUNI rose by 13.5 million to about 220 million boardings in fiscal year 2008, which ended June 30. MUNI ... http://finreporter.com/pricier-gas-and-tolls-push-up-public-transit-use-in-san-francisco/ South African central bank Governor Tito Mboweni said he will remain in his position next year after his term ends if he is asked to. ``I will complete my current term, '' Mboweni told reporters in Pretoria today. ``If asked to serve, I will.'' The president ... http://finreporter.com/mboweni-says-he-will-continue-as-central-bank-governor-if-asked/ The European Central Bank will probably keep interest rates at a seven-year high this week, and may even threaten to raise them, at the risk of prolonging the economic slump. All but one of 47 economists surveyed by Bloomberg News predict the bank will leave the benchmark ... http://finreporter.com/ecb-likely-to-keep-rates-at-7-year-high-even-as-recession-looms/