Reuters - Most Asian stock markets were down on
Tuesday as oil and food prices showed no signs of defusing
stagflation fears, particularly with soybean prices at a record
and oil above $141 a barrel.
Reuters - Chrysler LLC will shut its St Louis
minivan plant, cutting production of its top-selling vehicle
and 2,400 factory jobs in a sign of the automaker's troubles
with a market reeling from record gas prices.
Reuters - InBev stuck to its proposal
to take over reluctant bid target Anheuser-Busch and
said it would seek to give the latter's shareholders a direct
voice if the U.S. brewer still refused to talk.
AFP - Oil prices briefly struck fresh record highs over 142 dollars on Friday as the US dollar remained weak, and as world stock markets tumbled amid economic jitters marking the end of a volatile week.
Reuters - The world's biggest bond fund manager
anticipates that Barack Obama will be the next U.S. president,
and warns that he will face stern economic circumstances.
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.
