Reuters - The Federal Reserve worried about
exposing its balance sheet to credit risks when it launched a
lending facility for top bond dealers in an emergency move in
mid-March, minutes of two Fed meetings released on Friday
showed.
Reuters - Stocks fell sharply on Friday, as
concerns about the impact of record oil prices on the economy
and fears of more credit losses in the bank sector rattled
investors.
Reuters - Consumer confidence fell more than
expected in June, hitting another 28-year low as surging prices
and mounting job losses contributed to a bleak outlook,
according to a survey released on Friday.
AP - New Zealand's government said Friday the economy shrank by 0.3 percent in the first quarter of 2008, but the country may just escape falling into recession if the central bank's forecast for minor second-quarter growth holds true. -- read full article
Fri, 27 Jun 2008 04:32:38 GMT - Yahoo! News: Business
Reuters - AniBoom.com, an Internet home for
animators to create and share their work, has raised an
additional $10 million in funding led by venture capital firm
Draper Fisher Jurvetson.
Reuters - Talks to bring Apple Inc's
iPhone to mainland China have cleared their biggest hurdle and
are now focusing on practical issues, the country's top mobile
operator China Mobile Ltd (0941.HK) said on Friday. -- read full article
Fri, 27 Jun 2008 06:59:35 GMT - Yahoo! News: Business
Reuters - German pay television group Premiere
(PREGn.DE) is unaware of any plans by big shareholder News Corp
(NWSa.N) to acquire the company, Premiere said on Friday,
declining further comment on what it called speculation.
Reuters - Anheuser-Busch Cos Inc
rejected InBev NV's $46.3 billion takeover bid on
Thursday, calling it inadequate, but the largest U.S. brewer
left the door open to a higher bid.
Reuters - Merger activity in the United
States dropped 29 percent in the second quarter, faring better
than the 40 percent global slump, as corporations filled the
void left by buyout firms and targeted big consumer brands such
as Anheuser-Busch Cos Inc and Wm. Wrigley Jr Co
.
AP - The Bush administration wants to stop charities from offering down-payment assistance made through contributions from home sellers. -- read full article
Thu, 26 Jun 2008 18:04:34 GMT - Yahoo! News: Business
AP - The fragile economy improved slightly at the beginning of the year and could grow a bit stronger in the current quarter as extra cash from tax rebates spurs people to buy more. Still, it's not out of danger yet. -- read full article
Thu, 26 Jun 2008 18:04:02 GMT - Yahoo! News: Business
Reuters - NEW YORK (Reuters) -The Nasdaq fell more than 3 percent on
Thursday as investors dumped technology shares after weak
profit outlooks from BlackBerry maker Research in Motion
and software maker Oracle Corp .
Reuters - Sales of previously owned U.S. homes
rose in May and the glut of homes for sale shrank, but prices
were off sharply from a year ago, suggesting the housing sector
remains a big weight on the economy.
Reuters - Citigroup Inc shares fell to
their lowest level in nearly a decade after a Goldman Sachs &
Co analyst said investors should sell the largest U.S. bank's
stock short as losses mount from troubled debt.
Reuters - Shares of General Motors Corp hit their
lowest level since 1955 and dragged down the auto sector on
Thursday after Goldman Sachs cut the struggling U.S. industry's
largest manufacturer to a "sell" rating and warned it would
have to raise capital.
