Member 2966


Ford abandons profit goal, turnaround sputters (Reuters)

23-05-2008 04h28
Reuters - Ford Motor Co warned on Thursday that it no longer expected to meet a key target of returning to profitability in 2009 and would cut production through this year in response to a slumping U.S. auto market.

Stocks rebound modestly as oil pulls back (Reuters)

23-05-2008 04h08
Reuters - Stocks rebounded modestly on Thursday after two days of steep declines, as energy prices pulled back from record highs and a proposed major acquisition in the utilities sector buoyed optimism.

Airline stocks rally as oil prices retreat (Reuters)

23-05-2008 01h34
Reuters - U.S. airline shares were broadly higher on Thursday as oil prices -- directly linked to the price of jet fuel -- retreated from a record high above $135 a barrel.

Oil pulls back after hitting record above $135 (Reuters)

23-05-2008 04h47
Reuters - Oil prices pulled back sharply from a record above $135 a barrel on Thursday as dealers took profits from a dazzling rally and a recovering U.S. dollar dampened commodities markets.

Last UAW plant votes on American Axle contract (Reuters)

23-05-2008 04h17
Reuters - Union workers at American Axle & Manufacturing Holdings Inc's flagship Detroit plant voted on Thursday in the final hurdle to the ratification of a concessionary and a controversial contract that would slash wages for the auto supplier by more than a third.

When economy revives, how will we know? (AP)

23-05-2008 03h07
AP - With any luck, the second half of this year will be better than the so-far rocky first half. The Federal Reserve chief hopes that is the case. So does President Bush.

Crunch turns back clock on mortgage lending (Reuters)

22-05-2008 21h13
Reuters - As U.S. banks mop up the mess from billions of dollars of bad home loans, buyers are finding the days of cheap money are over and, in many cases, tougher versions of old lending rules now apply.

Retail shares rally after beating Wall St views (Reuters)

23-05-2008 03h57
Reuters - Apparel and jewelry retailers surprised Wall Street with better-than-expected earnings on Thursday as cost-cutting measures and inventory controls offset the impact of the weak economy.
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