Member 5218


Second quarter growth revised upward to 3.3 percent (Reuters)

28-08-2008 22h10
Reuters - The U.S. economy grew at a solid 3.3 percent annual rate in the second quarter, much stronger than first thought, but many economists expect growth to flag as the year progresses.

Fannie's capital better than market perceptions: Lehman (Reuters)

28-08-2008 20h23
Reuters - Fannie Mae's capital and reserves positions are better than market expectations, according to an analyst at Lehman Brothers, who also said the biggest U.S. mortgage finance company may not need any more externally raised capital.

Wall Street gains after GDP data (Reuters)

28-08-2008 22h48
Reuters - Stocks rose on Thursday after second-quarter U.S. growth was revised up much more than expected, buoying optimism about the economy.

Toyota cuts sales forecast (Reuters)

28-08-2008 22h29
Reuters - Toyota Motor Corp cut its 2009 vehicle sales forecast by nearly 7 percent as high fuel prices hammer demand for large cars and pickup trucks, and said it will speed up the rollout of hybrid and electric cars as their popularity grows.

Starbucks top brass to receive no raise next year (Reuters)

28-08-2008 10h33
Reuters - Top executives at Starbucks Corp including Chairman and Chief Executive Howard Schultz will not be getting raises anytime soon, after the coffee chain's first-ever quarterly loss as a public company.

Thornburg survival in doubt, sees completing tender (Reuters)

27-08-2008 02h28
Reuters - Thornburg Mortgage Inc , a specialist in jumbo home loans, said its survival remained in doubt following additional margin calls, but it is on track to complete a restructuring and avoid collapse.

Tiffany profit up, raises outlook; Zale posts loss (Reuters)

28-08-2008 21h38
Reuters - Upscale U.S. jeweler Tiffany & Co posted a higher-than-expected profit and raised its full-year forecast on strong sales overseas, while middle-tier Zale Corp posted a loss due to price markdowns.
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