Business news for Fri, 09 Nov 2007. 1269 news.

An NBC executive says the network has told the non-writing staff of "The Tonight Show with Jay Leno" that they face layoffs next week because of the Hollywood writers strike.

Thanks to the weak dollar and a burgeoning demand for wind power infrastructure, the tide of outsourcing may finally be rolling back in.

Growing cotton has rarely been a more risky proposition than it is now, which is precisely why cotton farmer Frank Williams is planning to sow his fields with wheat.

As housing markets are cooling, so are remodeling markets.

As housing markets are cooling, so are remodeling markets.

FT.com - Stock markets on both sides of the Atlantic concluded their worst week in months on Friday as deepening economic gloom raised expectations that the US Federal Reserve would be forced to cut rates again in the face of mounting credit losses.

SAN FRANCISCO (MarketWatch) -- GlaxoSmithKline PLC sued Abbott Laboratories over its 2003 decision to raise the price of an AIDS drug fivefold, the Wall Street Journal reported late Friday on its website. In its complaint filed in U.S. District Court in Oakland, Calif., Glaxo alleges that Abbott "schemed to remove...one of the critical components" of AIDS drug cocktails from the U.S. market by raising the price of its drug, Norvir, by 400%. The move, Glaxo alleges, undercut a Glaxo drug, Lexiva, which is used in combination with Norvir, the newspaper reported. Norvir's U.S. wholesale price rose to $257.10 from $51.30 for 30 100-milligram capsules, according to the Journal's article.

Pressure mounted Friday for stalled negotiations to resume in the Hollywood writers strike, with Gov. Arnold Schwarzenegger and Mayor Antonio Villaraigosa calling for a deal before the financial toll climbs higher.

Stock markets on both sides of the Atlantic concluded their worst week in months as deepening economic gloom prompted investors to ratchet up bets that the US Federal Reserve would be forced to cut rates again in the face of mounting credit losses

And now there is one.

Visa Inc. hopes to cash in on its massive credit and debit card network by raising up to $10 billion in what would be the second largest initial public offering of stock in U.S. history.

WASHINGTON (Reuters) - Republican presidential candidate Fred Thompson waded into the politically potent issue of Social Security on Friday and proposed overhauling the retirement system by creating 401(k)-style personal accounts.

The largest US home lender predicted that the US housing market would deteriorate "for the next couple of years" as it reported a more than doubling of net losses for the third quarter

Stocks fell sharply Friday, with the Dow ending over 200 points lower, as mortgage-induced losses at Wachovia and Fannie Mae riled traders already nervous that the woes could spread to the wider economy.

ON Semiconductor Corp. has agreed to buy the voltage-regulation and heat-monitoring chip business from Analog Devices Inc. for $185 million in cash.

The lofty Canadian dollar flew lower for the third day in a row Friday, and North American stock markets endured big sell-offs as investors backed away from risk.

Lender Delta Financial Corp. is almost all subprime in a world running away from subprime.