Member 1521


Market falls on record oil price (Reuters)

17-05-2008 01h44
Reuters - Stocks fell on Friday after the price of oil hit a record and consumer sentiment data came in surprisingly weak, reviving concerns over spending.

Consumer grim as stagflationary 80s; housing mixed (Reuters)

17-05-2008 03h00
Reuters - Consumer confidence tumbled to a 28-year low this month as rising prices strained household finances, while another drop in single-family housing starts underscored problems still plaguing the economy.

Shareholders file new legal claims in Yahoo case (Reuters)

17-05-2008 02h22
Reuters - Investors suing Yahoo Inc over its rebuff of Microsoft Corp's $47.5 billion buyout bid have filed a new case that adds company co-founder David Filo as a defendant, but they say much of their complaint is being kept under seal at Yahoo's demand.

Time Warner Chairman likely to step down (Reuters)

17-05-2008 02h52
Reuters - Time Warner Inc Chairman Richard Parsons said he is likely to step down in the next year, clearing the path for Chief Executive Jeffrey Bewkes to assume the role.

Abercrombie profit tops view; affirms outlook (Reuters)

16-05-2008 23h19
Reuters - Teen apparel retailer Abercrombie & Fitch Co reported higher quarterly profit on Friday, topping Wall Street estimates, as a lower tax rate and a better gross margin helped offset the impact of lower same-store sales.

Consumer grim as stagflationary 80s; housing mixed (Reuters)

17-05-2008 03h00
Reuters - Consumer confidence tumbled to a 28-year low this month as rising prices strained household finances, while another drop in single-family housing starts underscored problems still plaguing the economy.
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