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Member 3969
Wall St ends flat as energy gains offset sentiment (Reuters)
17-05-2008 05h49Reuters - Stocks finished little changed on Friday as surging oil prices lifted energy shares and offset data that showed consumer confidence sank to its lowest in 28 years.
Consumer grim as stagflationary 80s; housing mixed (Reuters)
17-05-2008 03h00Reuters - 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 02h22Reuters - 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.
Lehman Brothers job cuts to start next week: report (Reuters)
17-05-2008 03h57Reuters - Investment bank Lehman Brothers Holdings Inc will begin cutting jobs starting next week, CNBC Television reported on Friday, without citing sources.
Time Warner Chairman likely to step down (Reuters)
17-05-2008 02h52Reuters - 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.
Consumer grim as stagflationary 80s; housing mixed (Reuters)
17-05-2008 03h00Reuters - 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.
SMFG posts big rebound, forecasts modest growth (Reuters)
16-05-2008 17h55Reuters - 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 05h52AP - 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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