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Member 199
HP to buy EDS for $12.6 bln in challenge to IBM (Reuters)
14-05-2008 07h32Reuters - Hewlett-Packard Co plans to buy technology outsourcing company Electronic Data Systems Corp to better compete against IBM , but Wall Street questioned whether the $12.6 billion deal for a slow-growing company was overpriced.
Oil price, financials hit Dow; techs lift Nasdaq (Reuters)
14-05-2008 06h02Reuters - Blue-chip stocks declined on Tuesday as oil rose to another record and underscored concerns about inflation, while the Federal Reserve chairman said financial markets are still troubled.
U.S. could face mild recession, Greenspan quoted (Reuters)
14-05-2008 14h51Reuters - U.S. economic data suggests the world's biggest economy could face a mild recession, former Federal Reserve chairman Alan Greenspan was quoted as telling Asian investors on Wednesday.
Sony posts surprise loss, forecasts growth (Reuters)
14-05-2008 15h34Reuters - Sony Corp (6758.T) posted a surprise quarterly loss as the weak stock market ate into the value of its securities holdings, but it forecast a bigger-than-expected profit this year as it boosts sales of digital cameras and flat TVs.
Icahn may run Yahoo proxy campaign: source (Reuters)
14-05-2008 10h38Reuters - Billionaire investor Carl Icahn is considering mounting a proxy campaign to replace Yahoo Inc board members after the company failed to reach a deal to merge with Microsoft Corp , a source close to the matter said on Tuesday.
U.S. could face mild recession, Greenspan quoted (Reuters)
14-05-2008 14h51Reuters - U.S. economic data suggests the world's biggest economy could face a mild recession, former Federal Reserve chairman Alan Greenspan was quoted as telling Asian investors on Wednesday.
Bank of America sees higher home equity losses (Reuters)
14-05-2008 03h48Reuters - Bank of America Corp on Tuesday increased its forecast for expected losses from home equity loans, citing the deteriorating U.S. housing market.
Bonds fall as retail sales stronger than expected (AP)
14-05-2008 06h37AP - Treasury prices fell Tuesday as signs of modestly better-than-expected consumer spending and rising inflation made safe government securities less attractive to investors.
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