Member 148


Benign inflation report boosts Wall St (Reuters)

15-05-2008 03h28
Reuters - Stocks rallied on Wednesday as government data that showed consumer prices rose less than expected in April took some pressure off the Federal Reserve to raise interest rates.

Freddie Mac loss widens less than feared (Reuters)

15-05-2008 02h09
Reuters - Freddie Mac posted a smaller-than-expected quarterly loss on Wednesday and the second-biggest U.S. home-financing company said it would raise capital to expand its business, sparking a rally in its shares.

Tame April price rise eases inflation worry (Reuters)

15-05-2008 01h05
Reuters - Consumer prices rose less than expected in April as energy prices paused after their recent surge, easing inflation fears.

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.

Clear Channel trial adjourned (Reuters)

15-05-2008 00h17
Reuters - A New York State judge adjourned the trial over financing of the Clear Channel Communications Inc buyout on Wednesday, giving the banks involved 14 days to fund the new, lower-priced deal.

Inflation pressures ease despite food price jump (AP)

15-05-2008 03h42
AP - Inflation pressures eased a bit in April despite the biggest jump in food prices in 18 years.

Freddie Mac loses $151M in 1Q, but beats expectations (AP)

15-05-2008 02h08
AP - Mortgage finance company Freddie Mac said Wednesday its first quarter loss widened to $151 million as the U.S. housing market worsened, though the results were not as poor as expected. Its shares jumped on the news.

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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