Circuit City Falls, Cuts Dividend; Mitsubishi Working on Plug-In Line; Continental and United Buddy Up; Western Oil Back in Iraq; Citi CFO Sees More Trouble; Bear Stearns Execs Arrested; Transocean and BP Extend Drilling Contract; Bank of America to Takeover Countrywide by July.

Carl Icahn is adding to his reputation as a boardroom bully. In a letter to Yahoo Inc. (YHOO) Chairman Roy Bostock, the billionaire investor threatened to seek control of the board and resuscitate takeover talks with Microsoft Corp. (MSFT).

Rental car or train? It’s a question I face every time I head back to England, trying to figure out the best way to travel. And after doing a few sums, there was no contest.

As the dollar continues its historic decline, imported goods will become too costly for many Americans.  In addition, more of those products still made domestically will be exported to wealthier foreign consumers whose appreciated currencies increase their purchasing power.

It’s earnings season again. But with an odd twist. You see, most investors realized that earnings season would be dismal; so when the results came in pretty much as expected, many investors seemed to find that the news, especially among financial, was not worse and went on a buying spree.