Member 4576


Microsoft seeks allies for new Yahoo move: report (Reuters)

02-07-2008 20h31
Reuters - Microsoft Corp is preparing a new bid for Yahoo Inc's search business and has approached other media companies about joining it in a deal that would effectively lead to Yahoo's breakup, the Wall Street Journal said.

UnitedHealth lowers outlook, settles suit (Reuters)

02-07-2008 20h09
Reuters - UnitedHealth Group on Wednesday cut its full-year earnings outlook because of tough competition in the health benefits business.

Stock futures pare gains on weak ADP data (Reuters)

02-07-2008 21h26
Reuters - Stock futures trimmed gains on Wednesday after a weaker-than-expected ADP report on U.S. private-sector employment for June.

Analysts see big Q2 writedowns for Citi, Merrill (Reuters)

02-07-2008 20h13
Reuters - Citigroup Inc may write down $8.7 billion and Merrill Lynch & Co Inc $4.5 billion in the second quarter, according to analysts at UBS, who also forecast a second-quarter and full-year loss for both companies.

Family Dollar beats estimates, shares jump (Reuters)

02-07-2008 22h11
Reuters - Family Dollar Stores Inc on Wednesday reported higher-than-expected quarterly profit as the discount retailer kept a tight control on expenses and inventory to navigate the tough environment, sending its shares up than 11 percent.

British construction activity falls (AP)

02-07-2008 21h46
AP - Construction activity in Britain declined in June at the fastest rate in 11 years, a supply institute said Wednesday, and a major home builder said it had been unable to raise more capital — both signs of worsening conditions in the battered housing industry.

U.S. wins court order for UBS Swiss bank records (Reuters)

02-07-2008 08h45
Reuters - A federal judge in Miami has authorized U.S. officials to seek information from UBS AG about U.S. taxpayers suspected of using Swiss bank accounts to evade income taxes, part of a probe that could crack open Switzerland's tradition of bank secrecy.

Shares in UK's Marks & Spencer dive 22 percent (AP)

02-07-2008 20h47
AP - Shares in British food and clothing retailer Marks & Spencer PLC plummeted Wednesday after the company reported that home market sales fell 5.3 percent in the first quarter as the domestic economy slows.
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