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- Car industry gloom descends on GM, BMW, Nissan
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FRANKFURT/DETROIT (Reuters) - The meltdown in the global car industry claimed more victims on Friday as General Motors lost another $15.5 billion (7.8 billion pounds), BMW warned on profits and Nissan earnings missed expectations by a wide margin.
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Original Source: feeds.reuters.com
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1 August, 2008| massmedia |
Comments (0) @ 19:07
- Yahoo board wins solid shareholder backing in vote
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SAN JOSE, California (Reuters) - Yahoo’s board of directors won strong backing from shareholders at its annual meeting on Friday, with Jerry Yang, the company’s embattled CEO, receiving 85 percent of the vote in his favour.
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Original Source: feeds.reuters.com
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1 August, 2008| massmedia |
Comments (0) @ 17:45
- Allstate eyeing bid for RBS insurance unit
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NEW YORK (Reuters) - U.S. insurer Allstate is expected to submit a bid for Royal Bank of Scotland’s insurance arm, but the offer could be below what the bank expects, the Financial Times website reported on Friday.
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Original Source: feeds.reuters.com
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1 August, 2008| massmedia |
Comments (0) @ 17:04
- Shareholders endorse Yahoo’s board
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SAN JOSE, California (Reuters) - Yahoo’s board of directors received strong backing from shareholders at its annual meeting on Friday, with embattled Chief Executive Jerry Yang winning an 85 percent favourable vote.
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Original Source: feeds.reuters.com
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1 August, 2008| massmedia |
Comments (0) @ 16:56
- New York Lambasts Citi
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Cuomo goes after bank for its sales of auction-rate securities, insisting investors get all their money back….
Original Source: www.forbes.com
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1 August, 2008| massmedia |
Comments (0) @ 16:15
- U.S. July auto sales spiral to 16-year low
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DETROIT (Reuters) - U.S. auto sales plunged to a 16-year-low in July, led by a 27 percent drop at General Motors , as high gas prices and tight credit sent the industry into a tailspin.
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Original Source: feeds.reuters.com
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1 August, 2008| massmedia |
Comments (0) @ 16:13
- Airbus superjumbo lands at New York’s JFK
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NEW YORK (Reuters) - Airbus’s A380 superjumbo touched down at New York’s John F. Kennedy International Airport on Friday, marking the first commercial arrival of the giant, double-decker passenger plane on U.S. soil.
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Original Source: feeds.reuters.com
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1 August, 2008| massmedia |
Comments (0) @ 15:35
- Yahoo’s board wins big endorsement by shareholders
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SAN JOSE, California (Reuters) - Yahoo Inc’s board of directors received strong backing from shareholders at its annual meeting on Friday, with embattled Chief Executive Jerry Yang winning an 85 percent favourable vote.
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Original Source: feeds.reuters.com
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1 August, 2008| massmedia |
Comments (0) @ 14:52
- Stocks falter on global slowdown
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NEW YORK (Reuters) - Global equities fell amid signs of a spreading impact from rising oil prices and the credit crunch on Friday, although the dollar gained on signs the U.S. economy may be recovering faster than others.
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Original Source: feeds.reuters.com
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1 August, 2008| massmedia |
Comments (0) @ 13:54
- U.S. jobs woes add to global factories gloom
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NEW YORK/LONDON (Reuters) - Factories are struggling in countries ranging from China to Europe to the United States, while U.S. unemployment hit a four-year high, raising concerns that economies around the globe could slip into recession, according to data released on Friday.
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Original Source: feeds.reuters.com
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1 August, 2008| massmedia |
Comments (0) @ 12:55
- Oil rises on Iranian nuclear concerns
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NEW YORK (Reuters) - Oil prices rose on Friday after Israel warned that Iran was on the verge of a breakthrough in its nuclear program, stirring concerns of a potential confrontation that could disrupt supply from the OPEC nation.
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Original Source: feeds.reuters.com
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1 August, 2008| massmedia |
Comments (0) @ 12:53
- Yahoo chairman defends merger stance at meeting
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SAN JOSE, California (Reuters) - Yahoo tried to soothe angry investors at its annual meeting on Friday, insisting it had been serious about talks to sell itself to Microsoft and that it had good growth prospects in the next three years.
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Original Source: feeds.reuters.com
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1 August, 2008| massmedia |
Comments (0) @ 12:06
- Global stocks fall on economic fears
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NEW YORK (Reuters) - Surging oil and reports of carmakers’ woes fanned economic worries and hit global equities on Friday, although the dollar managed a rise on the view that Europe’s economy is further from recovery than the United States.
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Original Source: feeds.reuters.com
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1 August, 2008| massmedia |
Comments (0) @ 11:50
- FTSE falls on U.S. data and miners
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LONDON (Reuters) - The benchmark share index extended losses to fall by more than 1 percent on Friday as U.S. jobs data weighed, while mining stocks tracked metal prices lower and British Energy slipped after a takeover blow.
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Original Source: feeds.reuters.com
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1 August, 2008| massmedia |
Comments (0) @ 9:35
- What the Bank of England has to weigh up next week
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LONDON (Reuters) - The Bank of England is expected to leave interest rates on hold for the fourth month running next week as it continues to tread a fine line between a sharply slowing economy and rising inflation.
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Original Source: feeds.reuters.com
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1 August, 2008| massmedia |
Comments (0) @ 8:53
- Nuclear plan in disarray as deal stalls
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LONDON/PARIS (Reuters) - The drive for more nuclear power is in disarray after key British Energy investors rejected a 12 billion pound takeover bid by EDF, derailing the French group’s expansion plans.
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Original Source: feeds.reuters.com
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1 August, 2008| massmedia |
Comments (0) @ 7:34
- US jobless rate at four-year high
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The US unemployment rate climbed to 5.7% in July, its highest in more than four years, official data shows….
Original Source: news.bbc.co.uk
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1 August, 2008| massmedia |
Comments (0) @ 6:18
- US unemployment at four-year high
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The US unemployment rate climbed to 5.7% in July, its highest in more than four years official data shows….
Original Source: news.bbc.co.uk
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1 August, 2008| massmedia |
Comments (0) @ 5:43
- HSBC and Barclays profit set to fall
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LONDON (Reuters) - Europe’s biggest bank HSBC is expected to report a 28 percent drop in profit next week as it spearheads results showing how the country’s top four banks are coping with a global credit crunch.
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Original Source: feeds.reuters.com
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1 August, 2008| massmedia |
Comments (0) @ 5:24
- Irish watchdog to probe Heineken buy of Beamish
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DUBLIN (Reuters) - Ireland’s Competition Authority said on Friday it would conduct an in-depth investigation of Dutch brewer Heineken’s purchase of Scottish & Newcastle’s Irish unit Beamish & Crawford Plc.
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Original Source: feeds.reuters.com
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1 August, 2008| massmedia |
Comments (0) @ 5:01