Reuters - French holiday resort operator Club
Mediterranee is trading well and will be profitable
in the current fiscal year, its chief executive told Le Figaro
newspaper.
Reuters - Toyota Motor Corp (7203.T) said on
Wednesday its battery joint venture with Matsushita Electric
Industrial Co (6752.T) will start full-scale production of
lithium-ion batteries in 2010 as it aims to roll out more
electricity-driven cars over the next few years.
Reuters - Lehman Brothers almost
struck a deal with Korean financial institutions as part of
raising $6 billion in capital, and may yet arrange one by the
end of the year, the Financial Times reported on its website on
Tuesday, citing people familiar with the matter.
Reuters - Office supplies company Staples has
won its battle to buy Corporate Express after the Dutch firm
agreed to a sweetened bid of 1.7 billion euros ($2.65 billion)
and ended its own deal with Lyreco. -- read full article
Wed, 11 Jun 2008 08:38:14 GMT - Yahoo! News: Business
Reuters - U.S. gasoline prices will continue
to march to record highs this summer before peaking at $4.15
per gallon in August, the Energy Information Administration
said on Tuesday.
Reuters - U.S. stocks shifted gears and climbed
at midday on Tuesday as investors bought Dow industrials like
Coca-Cola and other companies with steady earnings, while a
drop in oil prices helped ease concerns about inflation.
Reuters - The U.S. trade deficit widened more
than expected in April as the price of imported oil hit a
record, pushing overall imports to an all-time high, a Commerce
Department report showed on Tuesday. -- read full article
Tue, 10 Jun 2008 18:46:43 GMT - Yahoo! News: Business
Reuters - One of the biggest U.S. money
managers said on Tuesday the Federal Reserve was unlikely to
raise interest rates despite surging oil prices until the U.S.
economy shows more signs of stabilization.
AP - Privately owned Goody's Family Clothing Inc., a moderately priced retailer operating primarily in the Southeast, said Monday it is filing for Chapter 11 bankruptcy protection and will close 103 stores and an Arkansas distribution center. -- read full article
Mon, 09 Jun 2008 20:13:23 GMT - Yahoo! News: Business
Reuters - General Motors Corp has raised
cash rebates on some of its large sport utility vehicles and
pickup trucks to a total of up to $6,000 in the face of falling
U.S. sales.
Reuters - A Yahoo employee severance
plan meant to protect workers after a merger with Microsoft
should be scrapped, according to a shareholder lawsuit
against Yahoo and its directors, The New York Times reported on
Tuesday.
Reuters - Federal Reserve Chairman Ben
Bernanke on Monday signaled the central bank would act to
strongly resist rising inflation, as energy costs soar into the
stratosphere.
Reuters - Apple Inc on Monday unveiled a
next-generation iPhone with faster Internet access that will
run on advanced wireless networks and sell for as low as $199
-- half the current entry-level price.
Reuters - Economists have trimmed forecasts
for U.S. growth in the second half of this year and in 2009,
but more have come to the view that the United States will
dodge a recession, a survey released on Tuesday showed.
