Member 40


HP seals EDS deal for $12.6 billion (Reuters)

14-05-2008 02h20
Reuters - 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, Hewlett-Packard hurt stocks (Reuters)

14-05-2008 01h45
Reuters - Stocks fell on Tuesday, after Wal-Mart Stores Inc's outlook disappointed and the price of oil pushed further into record territory, renewing concerns about the effect of higher energy prices on consumers.

Retail sales firm outside auto sector (Reuters)

14-05-2008 02h35
Reuters - Retail sales weakened modestly in April, but outside the hard-pressed auto sector they were more resilient than many economists had forecast, a government report showed on Tuesday.

Sprint faces tough questions (Reuters)

14-05-2008 02h08
Reuters - Sprint Nextel faced multiple questions about how it will turn itself around and stop customers from fleeing its cell phone service at its annual shareholder meeting on Tuesday.

Bernanke says markets healing but still not well (Reuters)

13-05-2008 21h20
Reuters - U.S. Federal Reserve Chairman Ben Bernanke said on Tuesday that emergency Fed liquidity measures have helped relieve strain in financial markets, but the recovery process remains incomplete.

Retail sales firm outside auto sector (Reuters)

14-05-2008 02h35
Reuters - Retail sales weakened modestly in April, but outside the hard-pressed auto sector they were more resilient than many economists had forecast, a government report showed on Tuesday.

French bank Credit Agricole seeks six billion euros after subprime losses (AFP)

13-05-2008 18h42
AFP - French banking giant Credit Agricole said Tuesday it is seeking 5.9 billion euros (9.2 billion dollar) in fresh cash from shareholders after reporting another 1.2 billion euros write-down due to the US subprime home loan crisis.

Bonds fall as retail sales stronger than expected (AP)

14-05-2008 02h39
AP - Treasury prices declined 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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