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- Starbucks to cut more costs
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NEW YORK (Reuters) - Starbucks said on Thursday it would take new steps to save on costs and keep its fundamental strategy unchanged despite a U.S. recession, sending the coffee shop operator’s shares up 8 percent.
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Original Source: feeds.reuters.com
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4 December, 2008| massmedia |
Comments (0) @ 9:11
- Firms to bargain harder in pension deals
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LONDON (Reuters) - Companies sponsoring defined benefit (DB) pension schemes will demand concessions from trustees to make good deficits in the new year, consultant Aon forecasted on Thursday.
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Original Source: feeds.reuters.com
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4 December, 2008| massmedia |
Comments (0) @ 8:35
- U.S. carmakers vow change
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WASHINGTON (Reuters) - The top executives of the major U.S. auto companies pledged to refocus on higher fuel efficiency and lower production costs as they asked Congress again on Thursday for billions of dollars in emergency cash.
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Original Source: feeds.reuters.com
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4 December, 2008| massmedia |
Comments (0) @ 8:30
- ECB makes record rate cut
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BRUSSELS (Reuters) - The European Central Bank made its biggest ever cut to interest rates on Thursday, lowering them 75 basis points as it forecast a gloomy year ahead for the recession-bound euro zone economy.
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Original Source: feeds.reuters.com
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4 December, 2008| massmedia |
Comments (0) @ 8:05
- Co-op lines up buyers for more Somerfield stores
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LONDON (Reuters) - The Co-operative Group said on Thursday it had found buyers for 24 stores as part of the regulatory approval process for its purchase of rival food retailer Somerfield.
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Original Source: feeds.reuters.com
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4 December, 2008| massmedia |
Comments (0) @ 7:20
- GM pledges faster cost-cuts in return for bailout
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WASHINGTON (Reuters) - General Motors pledged to Congress on Thursday that it would accelerate labour and other cost cuts and try to reduce its mountainous debt in return for a government bailout.
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Original Source: feeds.reuters.com
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4 December, 2008| massmedia |
Comments (0) @ 7:13
- ECB cuts rates record 75 bps
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FRANKFURT (Reuters) - The European Central Bank cut interest rates a record 75 basis points to 2.50 percent on Thursday, a bigger move than economists had forecast but in line with the expectations of financial market traders.
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Original Source: feeds.reuters.com
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4 December, 2008| massmedia |
Comments (0) @ 7:07
- Standard Chartered bond buyback to lift profit
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LONDON (Reuters) - Asia-focussed bank Standard Chartered said on Thursday its second half profits will receive a boost after it bought back some of its own bonds at a discount of 37.5 percent to their $1.024 billion (697.9 million pounds) par value.
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Original Source: feeds.reuters.com
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4 December, 2008| massmedia |
Comments (0) @ 6:59
- Biotech bosses call for government-backed funds
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LONDON (Reuters) - Leading figures from the biotechology sector have called on the government to invest in the industry by launching two government-backed funds and a public-private partnership to help finance the battered sector.
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Original Source: feeds.reuters.com
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4 December, 2008| massmedia |
Comments (0) @ 6:50
- How to salvage your retirement
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The good news about your nest egg: You can find ways to make it last. The bad news: It’s not going to be pretty….
Original Source: rss.cnn.com
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4 December, 2008| massmedia |
Comments (0) @ 6:39
- Bank cuts rates to 2 percent
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LONDON (Reuters) - The Bank of England slashed interest rates to their lowest level since 1951 on Thursday but said further steps would be required to prevent a credit squeeze tipping the country’s economy into a deep recession.
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Original Source: feeds.reuters.com
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4 December, 2008| massmedia |
Comments (0) @ 5:35
- Brown says doesn’t want to keep RBS stake for long
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LONDON (Reuters) - The government does not want to hold its stake in Royal Bank of Scotland for very long, Prime Minister Gordon Brown said on Thursday.
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Original Source: feeds.reuters.com
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4 December, 2008| massmedia |
Comments (0) @ 5:30
- ECB cuts rates by record 75 bps to 2.5 percent
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FRANKFURT (Reuters) - The European Central Bank cut interest rates a record 75 basis points to 2.50 percent on Thursday, a bigger move than economists had forecast but in line with the expectations of financial market traders.
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Original Source: feeds.reuters.com
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4 December, 2008| massmedia |
Comments (0) @ 5:10
- Theo Paphitis pulls out of Woolworths talks
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LONDON (Reuters) - Entrepreneur Theo Paphitis said on Thursday he had pulled out of the running to buy Woolworths’ sweets-to-DVDs retail business, but talks between the administrators, Deloitte, and other suitors are continuing.
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Original Source: feeds.reuters.com
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4 December, 2008| massmedia |
Comments (0) @ 5:06
- Pound volatile after interest cut
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The British pound hit a historic low against the euro before the Bank of England decided to cut rate to 2%….
Original Source: news.bbc.co.uk
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4 December, 2008| massmedia |
Comments (0) @ 5:01
- FTSE pares gains as Bank rate cut in line
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LONDON (Reuters) - The top share index pared gains after the Bank of England cut interest rates by 100 basis points as expected, as advances in energy stocks and financials offset weakness in miners.
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Original Source: feeds.reuters.com
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4 December, 2008| massmedia |
Comments (0) @ 4:53
- ECB cuts rates by record 75 bps as recession bites
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FRANKFURT (Reuters) - The European Central Bank cut interest rates by 75 basis points on Thursday, its biggest ever move as inflation plummets and the euro zone economy sinks deeper into recession.
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Original Source: feeds.reuters.com
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4 December, 2008| massmedia |
Comments (0) @ 4:49
- ECB cuts eurozone rates to 2.5%
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The European Central Bank delivers its biggest rate cut, lowering interest rates to 2.5% from 3.25%….
Original Source: news.bbc.co.uk
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4 December, 2008| massmedia |
Comments (0) @ 4:45
- Ryanair met Irish minister over Aer Lingus bid
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DUBLIN (Reuters) - Ryanair Chief Executive Michael O’Leary held an informal meeting with Irish transport minister Noel Dempsey outlining its fresh bid for rival airline Aer Lingus, the transport ministry said on Thursday.
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Original Source: feeds.reuters.com
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4 December, 2008| massmedia |
Comments (0) @ 4:39
- Bank cuts UK rates to 57-year low
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The Bank of England has cut interest rates by one percentage point from 3% to 2%, their lowest level since 1951….
Original Source: news.bbc.co.uk
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4 December, 2008| massmedia |
Comments (0) @ 4:33