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Opponents of the war in Iraq say that the US invaded the country's for its oil. Oil is Iraq's most precious resource, and it is now finally within reach. Some of the world's biggest companies are set to go back into Iraq, with new contracts expected to be announced shortly. However many Iraqis are suspicious of such plans and worry the country's oil wealth will go to foreigners. Al Jazeera's Nicole Johnston reports.
| Companies face $409 billion pension deficit: study (Reuters via Yahoo! News) Volatile markets have saddled U.S. companies with a $409 billion deficit on pension plans, reversing a $60 billion surplus a year earlier, and will cut into earnings in 2009, consulting firm Mercer said. |
| New Nasdaq index to track bailed-out companies (Reuters via Yahoo! News) Nasdaq OMX is launching a new index to track the performance of companies that receive funds under U.S. government bailout efforts. |
| Ukrainian, Russian gas companies hold talks (AP via Yahoo! News) The heads of Russian and Ukrainian gas companies held an unexpected meeting in Moscow early Thursday to discuss the dispute that has caused an energy crisis in Europe, but both sides said no breakthrough was reached as they flew on to Brussels to meet with the EU. |
| Final Glance: Specialty Retail companies (AP via Yahoo! Finance) Shares of some top specialty retail companies were mixed at the close of trading: AutoZone rose $.42 or .3 percent, to $135.86. |
| Final Glance: Broadline Retail companies (AP via Yahoo! Finance) Shares of some top broadline retail companies were mixed at the close of trading: BJ's Wholesale fell $.41 or 1.2 percent, to $33.49. |
