Member 1186


Wal-Mart quarterly profit rises (Reuters)

13-05-2008 19h20
Reuters - Wal-Mart Stores Inc , the world's largest retailer, reported higher quarterly profit on Tuesday as discounts drew U.S. shoppers looking for bargains on necessities like food and pharmacy items.

HP in talks to buy EDS to compete with IBM (Reuters)

13-05-2008 09h33
Reuters - Hewlett-Packard Co is in talks to buy technology outsourcing company Electronic Data Systems Corp for $12 billion to $13 billion in a deal which would vault it to a close second to IBM in technology services.

Finmeccanica buys DRS for $5.2 bln, shares drop (Reuters)

13-05-2008 18h34
Reuters - Finmeccanica SpA has agreed to buy U.S. military contractor DRS Technologies Inc. in a $5.2 billion deal, the biggest so far in European defense contractors' bid for a slice of the growing U.S. defense market.

C.Agricole to raise $9.1 bln after writedown (Reuters)

13-05-2008 19h05
Reuters - France's biggest retail bank, Credit Agricole , announced a 5.9 billion euros ($9.1 billion) rights issue to shore up its capital after further writedowns at its Calyon investment bank, sending its shares down sharply.

Lockheed likely to win GPS satellite contract: report (Reuters)

13-05-2008 17h05
Reuters - Lockheed Martin Corp is likely to win a contract over Boeing Co to build next generation navigation satellites for the U.S. military, the Wall Street Journal said on Tuesday, citing people familiar with the contract.

Survey: 1 in 10 boomers borrowing for everyday expenses (AP)

13-05-2008 13h06
AP - The economic downturn is hitting roughly one in 10 middle-aged and older Americans especially hard, compelling them to borrow money for everyday living expenses and to seek help from family, friends or charities, according to a survey released Tuesday by the AARP.
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