Reuters - World energy powers
embarked on a new level of dialogue to try to rein in runaway
oil prices at an emergency meeting in this Red Sea city, but
were unable to come up with a quick fix.
Reuters - Years ago, when the first Armani
boutiques opened in China, a furious customer walked into one
of the shops, brandishing two Armani T-shirts.
Reuters - Andrew D. Busch, a nonemployee member
of Anheuser-Busch Cos Inc's founding Busch family, said
on Saturday that he supports the U.S. brewer's efforts to
remain "a strong company headquartered in St. Louis."
Reuters - The world's top energy
policy makers meet in this Red Sea city on Sunday for emergency
talks on halting oil's unrelenting rally, but divided views
over the cause of recent gains emerged early.
Reuters - British bank Lloyds TSB would
consider a significant acquisition and is looking at a possible
deal in Germany, people familiar with the situation said on
Saturday.
Reuters - OPEC members with any
capacity to spare will discuss boosting output together with
top oil exporter Saudi Arabia at an emergency meeting to try to
tame record oil, a senior Gulf OPEC official said on Saturday.
Reuters - Spain's biggest bank, Banco
Santander said on Saturday it would significantly
boost profits in 2008, buoyed by growth in Latin America just
as many of its international peers suffer credit crunch woes.
AFP - Europe's main stock markets dropped Friday, with London hit by losses to heavyweight banks after share prices fell further in Japan, traders said.
Investor's Business Daily - The Int'l Monetary Fund said the U.S. economic slowdown has been less than feared and a slow recovery should begin in '09. The group didn't mention recession in its annual review and urged the Fed to hold interest rates steady. The recommendation assumed inflation will be contained. The IMF sees GDP growth of 1% in '08 and 0.8% in '09 vs. its prior estimates of 0.5% and 0.6%, respectively. -- read full article
Fri, 20 Jun 2008 23:14:15 GMT - Yahoo! News: Business
Reuters - Chrysler LLC is meeting or topping its
financial targets despite the deepening slump in U.S. market,
the automaker's senior spokeswoman said on Friday.
Reuters - The Federal Communications
Commission voted on Friday to bar Verizon Communications Inc
from marketing to customers to talk them out of a
decision to switch their phone service to cable, a source at
the agency said on Friday. -- read full article
Sat, 21 Jun 2008 07:12:10 GMT - Yahoo! News: Business
Reuters - In another blow to beleaguered U.S.
automakers, Standard & Poor's on Friday said it may cut its
ratings on Ford Motor Co, General Motors and Chrysler LLC,
citing financial damage resulting from high gasoline prices.
Reuters - BCE Inc. ,
Canada's largest telecom company, won the backing of the
country's Supreme Court on Friday to proceed with the world's
biggest leveraged buyout, but financing could still trip up the
deal.
Reuters - Retail mergers and acquisitions look to
have dried up for at least another nine months, according to
speakers at the Reuters Retail and Consumer Summit, but once
the credit crunch eases and consumer trends are more
predictable, buyers are poised for dealmaking.
