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Member 377
Benign inflation report boosts Wall St (Reuters)
15-05-2008 03h28Reuters - 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 02h09Reuters - 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 04h28Reuters - 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.
GM will need over $9 billion in new financing: Lehman (Reuters)
15-05-2008 02h03Reuters - 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.
E*Trade volume beats expectations, Schwab's down (Reuters)
15-05-2008 03h31Reuters - Shares of online broker E*Trade Financial Corp surged on Wednesday after the company delivered higher April trading volume than analysts had expected.
Tame April price rise eases inflation worry (Reuters)
15-05-2008 04h28Reuters - 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.
Freddie Mac loses $151M in 1Q, but beats expectations (AP)
15-05-2008 02h08AP - 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 01h27Reuters - 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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