Member 4146


Morgan Stanley cut 1,500 jobs this week: source (Reuters)

17-05-2008 07h47
Reuters - Morgan Stanley cut 1,500 jobs this week across its investment banking, trading and asset management businesses, a person familiar with the situation said Friday, a 5 percent reduction of non-broker employees.

Wall St ends flat as energy gains offset sentiment (Reuters)

17-05-2008 05h49
Reuters - 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.

Consumers' mood as grim as early-80s (Reuters)

17-05-2008 05h59
Reuters - U.S. 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 02h22
Reuters - 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 03h57
Reuters - Investment bank Lehman Brothers Holdings Inc will begin cutting jobs starting next week, CNBC Television reported on Friday, without citing sources.

Surprise rebound in housing, outlook still shaky (AP)

17-05-2008 07h08
AP - Construction of new homes increased by the biggest percentage in more than two years in April, a rare spot of good news amid the worst downturn in housing in more than two decades.

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 05h52
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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