Reuters - Retailer Home Depot Inc reported
a lower quarterly profit on Tuesday as the U.S. housing
meltdown hurt sales and it took charges tied to store closures
and a new-store pullback. -- read full article
Tue, 20 May 2008 10:11:42 GMT - Yahoo! News: Business
Reuters - NEW YORK (Reuters)- For David Simon, chief executive of
Simon Property Group , the largest U.S. owner of malls
and shopping centers, retail property may be less about dress
this year and more about distress. -- read full article
Sun, 18 May 2008 16:59:34 GMT - Yahoo! News: Business
Reuters - Berkshire Hathaway Inc (BRKa.N),
billionaire Warren Buffett's investment company, no longer held
any Ameriprise Financial Inc stock as of March 31,
according to a U.S. regulatory filing on Thursday.
AP - First the good news: The worst of the painful housing slump and the credit crunch might come to an end this year. Now the bad: The economy will weaken further and unemployment will rise.
Reuters - Stock markets are up sharply since
March. The recent batch of economic data has not looked as dire
as feared. The U.S. Federal Reserve is finding fewer takers for
its loan auctions. A fine-art sale drew a record $86 million
price for a Francis Bacon painting.
Reuters - Facebook Inc founder and CEO Mark
Zuckerberg stressed his company's independent spirit on Monday,
after a report the social networking site might be sold to
software giant Microsoft , which is hunting for ways to
beef up its Internet business.
Reuters - Martin Feldstein, President of the
National Bureau of Economic Research, said in a newspaper
interview published on Monday he had seen a clear reversal in
U.S. monthly economic indicators since December or January.
Reuters - Microsoft Corp said
on Sunday it proposed an alternative deal to Yahoo Inc
rather than a full acquisition, but the move was unlikely to
win favor with financier Carl Icahn, a person familiar with his
thinking said.
AP - Treasury Secretary Henry Paulson said Friday that financial markets are "considerably calmer" now than they were two months ago. He predicted the economy will be rebounding by the second half of this year.
Reuters - U.S. exports have been helped by a
weaker dollar and this is providing a boost to an otherwise
weak economy, Federal Reserve Bank of Atlanta President Dennis
Lockhart said on Saturday.
Reuters - Westpac Banking Corp Ltd , which
has bid $17.6 billion for St George Bank in the
biggest banking takeover ever in Australia, is bracing for
rival offers to emerge that could push the price tag even
higher.
Reuters - A top shareholder in Daewoo Shipbuilding
and Marine Engineering Co Ltd (042660.KS) said on Sunday it had
withdrawn from talks to have Goldman Sachs manage the
sale of the South Korean shipbuilder. -- read full article
Sun, 18 May 2008 05:10:13 GMT - Yahoo! News: Business
AP - Teen retailer Abercrombie & Fitch Co. said Friday that its first-quarter earnings rose 3 percent from a year ago on stronger sales. -- read full article
Fri, 16 May 2008 20:52:46 GMT - Yahoo! News: Business
Investor's Business Daily - While China grapples with the devastating May 12 earthquake in Sichuan -- now thought to have killed 50,000 people, leaving 5 million homeless and property damage at $20 billion -- the economic toll may be mild, analysts say. -- read full article
Fri, 16 May 2008 22:57:55 GMT - Yahoo! News: Business
