Member 3876


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.

Housing data mixed, consumer confidence slumps (Reuters)

17-05-2008 01h05
Reuters - Ground-breaking on single-family homes in the United States in April dropped to the slowest pace since 1991 while consumer confidence hit a 28-year trough, showing the economy still on shaky ground.

Icahn's Yahoo fight puts Microsoft in driver's seat (Reuters)

16-05-2008 22h21
Reuters - Two weeks after Microsoft Corp abandoned its pursuit of Yahoo Inc , a proxy fight launched by activist investor Carl Icahn has put Microsoft in the driver's seat.

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.

GE confirms plans to exit appliance business (Reuters)

17-05-2008 02h07
Reuters - General Electric Co confirmed on Friday it may sell or spin off its century-old appliances unit, saying the business was too focused on the United States.

Treasury secretary says markets are calmer now (AP)

17-05-2008 01h24
AP - Treasury Secretary Henry Paulson said Friday that financial markets are "considerably calmer" now than they were two months ago. He predicted the economy will be rebounding by the second half of this year.

SMFG posts big rebound, forecasts modest growth (Reuters)

16-05-2008 17h55
Reuters - Sumitomo Mitsui Financial Group (8316.T) reported a threefold increase in fourth-quarter profit, rebounding from massive losses at its consumer finance unit a year earlier, and it forecast modest growth ahead.

Abercrombie profit edges up on sales increase (AP)

17-05-2008 01h22
AP - Teen retailer Abercrombie & Fitch Co. said Friday that its first-quarter earnings rose 3 percent from a year ago on stronger sales.
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