Member 5278


Microsoft profit outlook misses view, shares fall (Reuters)

18-07-2008 09h58
Reuters - Microsoft Corp posted a quarterly profit and outlook below Wall Street expectations on Thursday, citing "tough" economic conditions, and its shares fell 6 percent.

Freddie Mac mulling $10 bln share offer: report (Reuters)

18-07-2008 16h04
Reuters - Mortgage giant Freddie Mac is considering raising capital by selling as much as $10 billion in new shares to investors, The Wall Street Journal reported, citing people familiar with the matter.

Home starts up on one-time event, still weak (Reuters)

18-07-2008 07h21
Reuters - Housing starts took a surprising jump in June, the government reported on Thursday, but only because of a change in New York's building code that briefly obscured a drop in single-family home-building.

Qantas cuts 4 pct of workforce, prunes growth plan (Reuters)

18-07-2008 16h05
Reuters - Australia's top airline, Qantas Airways Ltd , will cut 4 percent of its workforce and scrap its growth plan for the coming year, saying the business would be at risk if it fails to offset soaring fuel prices.

Wipro Q1 profit misses forecast, remains cautious (Reuters)

18-07-2008 17h15
Reuters - India's No.3 information technology outsourcer, Wipro Ltd , missed forecasts with a 15 percent rise in quarterly profit and expressed caution in the near term due to slowing Western economies, echoing its larger rivals.

Google's Q2 Profit Falls Shy Of Views Amid Soft Economy (Investor's Business Daily)

18-07-2008 08h00
Investor's Business Daily - Google (NasdaqGS:GOOG - News) apparently isn't recession-proof.

Economy - Thursday (Investor's Business Daily)

18-07-2008 07h46
Investor's Business Daily - Home loan rates fell over the last week as Treasury yields fell sharply amid financial woes and views that the Fed won't hike rates this year. The 30-year fixed-rate mortgage fell to 6.26% for the week ended July 17 from 6.37% a week earlier, Freddie Mac said. The 15-year fixed-rate fell 13 basis points to 5.78% this week. The 5-year Treasury-indexed adjustable-rate mortgage edged down to 5.8%, while the 1-year ARM fell 7 ticks to 5.10%. Treasury yields have picked up in the last few days.
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