Member 138


Benign inflation and strong results lift Wall St (Reuters)

15-05-2008 06h44
Reuters - Stocks rose on Wednesday in light trading after a modest rise in consumer prices in April cooled inflation fears while Macy's Inc and Freddie Mac posted reassuring quarterly results.

Tame April price rise eases inflation worry (Reuters)

15-05-2008 04h28
Reuters - U.S. consumer prices were tamer than expected in April on a lower energy price reading, giving the inflation-wary Federal Reserve a little breathing space as it seeks to fortify an anemic economy.

Delta/Northwest merger likely to be approved: Rep (Reuters)

15-05-2008 07h30
Reuters - A proposal by Delta Air Lines to buy Northwest Airlines is likely to be approved by the U.S. government, an influential lawmaker on aviation affairs said on Wednesday.

Freddie Mac loss widens less than feared (Reuters)

15-05-2008 05h24
Reuters - Freddie Mac posted a smaller-than-expected quarterly loss on Wednesday and the second-biggest U.S. home-finance company said it would raise capital to expand, sparking a rally in its shares.

GM will need over $9 billion in new financing: Lehman (Reuters)

15-05-2008 02h03
Reuters - General Motors Corp will need to raise over $9 billion in financing over the next two years to refinance existing debt and to offset projected cash losses in its auto operations in North America, Lehman Brothers analyst Brian Johnson said on Wednesday.

Inflation pressures ease despite food price jump (AP)

15-05-2008 06h47
AP - Consumer prices slowed in April despite the biggest jump in food costs in nearly two decades. But with oil near record levels, Americans should brace for more pain at the pump in coming months.

Chinese shares rebound from losses after quake (AP)

14-05-2008 14h46
AP - Chinese stocks rose Wednesday morning, rebounding from losses that came after an earthquake killed thousands of people and devastated parts of central China's Sichuan province.

Accounting changes help Freddie Mac beat expectations in 1Q (AP)

15-05-2008 06h58
AP - Freddie Mac beat Wall Street's expectations in the first quarter, but the mortgage finance company didn't vanquish concerns about its ability to weather the housing bust.

Macy's affirms full-year forecast (Reuters)

15-05-2008 01h27
Reuters - Macy's Inc reported a quarterly loss on Wednesday, hurt by restructuring costs and falling sales, but the department store operator stood by its full-year earnings forecast and its shares rose as much as 8 percent.
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