Reuters - U.S. stocks were slightly higher on
Tuesday as lower oil prices dragged down shares of energy
companies while lifting airlines and data showed a mixed
picture of the housing sector.
Reuters - Prices of single-family homes
plunged a record 14.4 percent in March from a year earlier,
while consumer confidence slumped to its lowest in 16 years in
May as gasoline prices surged.
Reuters - It's been a bloody year for world
stocks, but above the fray, Canada stands with Brazil and
Mexico as the only countries with unscathed major indexes. -- read full article
Sun, 25 May 2008 17:07:09 GMT - Yahoo! News: Business
Reuters - Top contract chip maker Taiwan
Semiconductor Manufacturing Co Ltd (TSMC) (2330.TW)
said on Tuesday it may raise prices for its higher-end chips as
rising costs threaten to squeeze profits.
Reuters - Asian central banks moved to
prop up falling currencies on Tuesday to help prevent surging
oil prices from stoking inflation in economies bracing for a
global slowdown. -- read full article
Tue, 27 May 2008 08:48:32 GMT - Yahoo! News: Business
Reuters - Belgian brewer InBev , the
world's second-biggest by volume, could start talks with rival
Anheuser Busch on a possible bid as early as Tuesday,
Belgian business daily De Tijd reported.
Reuters - Former Federal Reserve chairman Alan
Greenspan was quoted on Tuesday as saying the United States was
still more likely than not to have a recession despite relative
stabilization in the economy in recent weeks.
Reuters - The majority of small business owners
think the U.S. economy is getting worse, though sentiment
showed some improvement in May from its recent lows, according
to a survey released on Tuesday.
AP - Wall Street ended a week of big losses with more selling Friday as rising oil prices again raised worries that strained consumers will cut back spending and hurt the overall economy. The Dow Jones industrials fell nearly 150 points in the final session before the three-day holiday weekend.
Reuters - Major economies, particularly the
United States, must balance financial market discipline and
supervision better to cushion against future crises, New York
Federal Reserve President Timothy Geithner said on Monday.
Reuters - Bell Canada bondholders filed a motion
on Monday opposing BCE Inc's request for a speedy
appeal at the Supreme Court of Canada of a lower court decision
that imperils the C$34.8 billion ($35.2 billion) buyout of the
telecommunications company.
Reuters - A former Siemens (SIEGn.DE)
manager who built a system of slush funds and fake contracts
for the engineering giant told a court he later tried to stop
the systematic bribery but top managers failed to act.
Reuters - Wolfgang Ziebart has resigned
as chief executive of German chipmaker Infineon (IFXGn.DE) over
management clashes about strategy and will be replaced by board
member Peter Bauer, the company said.
Reuters - The U.S. Securities & Exchange Commission
(SEC) is looking into the workings of the three main credit
rating agencies, prompted by their handling of the subprime
crisis and a report of computer errors at Moody's
