Blogs Posts in Others category; 169 blog posts

Crude Oil Hits Record, Pump Prices Keep Rising

Crude oil prices shattered another record yesterday, hitting $108 a barrel while the price of regular unleaded gasoline at the pump came within half a cent of its all-time high. A White House announcement that Vice President Cheney woul [...]

Posted On : Mar, 12 2008 | Comments : 0

Economy weak but not enough for recession: report

The U.S. economy will shrink in the second quarter, but avoid a recession this year as housing's drag will ease in the second half, helping normal growth return next year, according to a UCLA Anderson Forecast report released on Tuesday. & [...]

Posted On : Mar, 11 2008 | Comments : 0

Carlyle Capital Says Lenders May Force Further Sales (Update...

Carlyle Group's mortgage-bond fund said creditors may liquidate as much as $16 billion of securities unless the two sides reach agreement on debt repayments. The fund has asked lenders to refrain from further sales after they liquidated c [...]

Posted On : Mar, 10 2008 | Comments : 0

Sharp Drop in Jobs Adds to Grim Picture of U.S. Economy

The worst fears of consumers, investors and Washington officials were confirmed on Friday, as deepening paralysis on Wall Street collided with stark new evidence of falling employment and a likely recession. In a report that was far wors [...]

Posted On : Mar, 08 2008 | Comments : 0

Saudi oil minister says speculation driving prices

Speculation is driving triple-digit oil making it impossible for any organization to control price movement, Saudi Arabia's oil minister said in remarks published on Friday. "Speculation in futures market is determining prices," [...]

Posted On : Mar, 07 2008 | Comments : 0

UPDATE 1-Aggreko sees 2008 upgrades, 2007 in line

Temporary power generator provider Aggreko (AGGK.L: Quote, Profile, Research) expects its eighth set of earnings upgrades from analysts in 18 months after saying 2008 will be better than expected, its CEO told Reuters, despite predicting a [...]

Posted On : Mar, 06 2008 | Comments : 0

Stocks pull off lows on bargain hunting

Wall Street closed mixed Tuesday, recuperating from a sharp plunge as investors snapped up bargain stocks on rumors that a bond insurer rescue plan is progressing and upbeat comments from Cisco Systems Inc. Earlier in the session, the mark [...]

Posted On : Mar, 05 2008 | Comments : 0

Financial turmoil revealed at United

THE full financial picture of Newcastle United when billionaire owner Mike Ashley took control has been revealed in the club’s accounts. Massive sums were spent on failing to get casino plans off the ground (£5m) and sacking ma [...]

Posted On : Mar, 03 2008 | Comments : 0

SocGen Reports Record Loss on Trading, Writedowns

Societe Generale SA, France's second- largest bank by market value, said unauthorized trading and subprime-related writedowns combined to produce a record 3.35 billion-euro ($4.9 billion) fourth-quarter loss. The net loss compares with a 1 [...]

Posted On : Feb, 21 2008 | Comments : 0

EBay's New Tough Love CEO

For three years, as the stock of eBay (EBAY) has slid, Chief Executive Meg Whitman has asked investors for patience. On Jan. 23, when the online auction site announced that John Donahoe would take over the top job, he had a clear message fo [...]

Posted On : Jan, 24 2008 | Comments : 0

Delta mum on talks on consolidation

Delta Air Lines Inc. officials were mum Friday on the outcome of a board meeting at which executives could get the green light to enter formal talks with two competitors about a combination. Asked if the meeting in New York had been comple [...]

Posted On : Jan, 12 2008 | Comments : 0

China talks introduce world of import controls

A toy dog, an electric train and a blond doll would bring smiles to most American homes this Christmas. When the giver is the Chinese government, and the recipients are visiting U.S. trade officials, the smiles seem a little forced."It [...]

Posted On : Dec, 12 2007 | Comments : 0

European Bonds May Decline After ECB Signals Risks to Inflat...

European government bonds may extend declines after Jean-Claude Trichet, the head of the regions central bank, said it is ready to counter strong upward pressure on inflation.Benchmark debt fell after Trichet said some central bank policy m [...]

Posted On : Dec, 07 2007 | Comments : 0

Philips to buy Genlyte for $2.7 billion

Philips shares rose 1.6% in Amsterdam morning trading.Philips said the deal will help it speed up the adoption of energy saving and green lighting technology in North America thanks to Genlyte's extensive customer base in the region."T [...]