Reuters - Stocks rose on Monday as record crude
oil prices lifted energy shares on the final trading day of the
month and the second quarter, offsetting a financial sector
sell-off on fears of further credit losses.
Reuters - Tax preparer H&R Block Inc
said on Monday it swung to a quarterly profit from a loss,
beating estimates and driving the stock 6.6 percent higher, as
revenue rose 11 percent.
Reuters - Shares of General Motors Corp
tumbled to a 54-year low while smaller rival Ford Motor Co
shares fell as much as 10 percent on Monday on concerns
record oil prices would further hit U.S. demand for vehicles.
Reuters - Ford Motor Co has had
exploratory talks with French automaker Renault SA to
sell Volvo, but the initial talks broke down due to price
differences, sources familiar with the matter told Reuters.
Reuters - Chrysler LLC said it scheduled
a briefing on Monday afternoon to discuss an unspecified
"manufacturing action" it plans to take in response to a
slumping U.S. auto market.
Reuters - Clear Channel Radio Chief Executive
John Hogan signed on Sunday a five-year contract to remain in
his role with the company as its parent, Clear Channel
Communications , heads toward closing a private buyout,
according to a company memo obtained by Reuters. -- read full article
Mon, 30 Jun 2008 02:37:42 GMT - Yahoo! News: Business
Reuters - (Corrects first paragraph to read "the parties could not
agree on the terms of a deal" and not "it could not reach an
agreement on the financing of the deal") -- read full article
Mon, 30 Jun 2008 08:36:52 GMT - Yahoo! News: Business
Reuters - Oil rose over $1 to near $142 a barrel on
Monday, bolstered by a weak U.S. dollar and continuing tensions
between Israel and Iran over Tehran's nuclear program.
Reuters - Citigroup is planning to change
its bonus system for senior managers to encourage different
parts of the vast company to cooperate and help one another win
business, a person familiar with the matter told Reuters.
Reuters - The U.S. Senate on Friday confirmed
one Republican and two Democratic nominees to fill open
commissioner seats at the Securities and Exchange Commission,
returning the agency to full strength as it tackles oversight
of big U.S. investment banks and other issues. -- read full article
Fri, 27 Jun 2008 19:05:22 GMT - Yahoo! News: Business
Reuters - Business sentiment at big South Korean
companies has hit its lowest in more than three years due to
worries about soaring oil and raw material prices and sluggish
domestic consumption, a private survey showed on Sunday. -- read full article
Sun, 29 Jun 2008 08:39:44 GMT - Yahoo! News: Business
Reuters - Steve Ballmer has been CEO at Microsoft
Corp for eight years, but he will finally get to move into the
corner office vacated by Bill Gates, the college friend who
brought him to the company nearly three decades ago.
Reuters - The worst of the financial crisis is over
and markets should start settling from the second half of this
year, the head of France's biggest listed bank, BNP Paribas,
told Italy's La Repubblica newspaper.
