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	NEWS TAPE

27 Aug 2008 13:25

Stocks mixed on higher oil, consumer data : Wall Street ended mixed Tuesday as concerns about the path of Hurricane Gustav sent oil prices higher and offset a better-than-expected reading on consumer confidence. Comments from the Federal Reserve about ...

New-home sales rose slightly in July, prices fell : Sales of new homes rose in July, but still fell short of economists' expectations, and home prices continued to sink. The Commerce Department reported Tuesday that new-home sales rose by 2.4 percent last month to a seasonally adjusted annual rate of 515,000 units, the most since April. But sales in June had plummeted ...
27 Aug 2008 12:45

27 Aug 2008 12:15

King says Alpharma rebuffed a $1.4B buyout bid : King Pharmaceuticals Inc. said Friday that rival Alpharma Inc. has rejected a $1.4 billion buyout offer but indicated it is prepared to take the bid directly to shareholders in a move to expand its ...

Orders for Durable Goods in U.S. Probably Stalled in July : Orders for U.S. durable goods probably stalled in July as elevated raw-material costs and slowing sales prompted companies to limit spending, economists said ahead of a government report today. ...
27 Aug 2008 11:20

27 Aug 2008 10:57

Dollar Falls on Speculation Reports to Show Flagging Spending : The dollar fell from a six-month high against the euro and dropped versus the yen on speculation weakening U.S. business and consumer spending will delay a Federal Reserve interest-rate ...

FAA says communication breakdown delayed flights : Mass flight delays caused by an electronic communication failure at a Federal Aviation Administration facility drew new criticism for an agency that has been scrutinized over air traffic controller ...
27 Aug 2008 10:53

27 Aug 2008 10:32

Canadian Dollar Strengthens to a Three-Week High as Oil Gains : Canada's currency climbed to the highest in almost three weeks as the price of crude oil erased an earlier loss and increased on forecasts showing Hurricane Gustav may enter the Gulf of ...

New York neighbourhood complains about bad 'Apple' : A lower Manhattan residents' group has lodged a lengthy complaint against a neighbor over screaming parties, loitering crowds and late-night disturbances, said a letter published in US media ...
21 Aug 2008 10:29

21 Aug 2008 10:14

Advocates push propane for auto fleet use in America : It already heats your home and grills your steak, and if Brian Feehan and others have their way, it could soon power your child's school bus. Maybe even your truck, too. Feehan, vice-president of the Washington-based Propane Education and Research Council, said his group is working with engine makers, automakers and others to get 10 per cent of select auto fleets ...

Toyota to up prices of some models by 1-3 percent: Nikkei : Toyota Motor Corp (7203.T) will raise prices of hybrid cars and commercial vehicles by 1-3 percent in Japan as early as this year amid soaring raw material costs, the Nikkei business daily ...
11 Aug 2008 15:49

11 Aug 2008 15:32

Productivity growth slowed in spring : The efficiency of America's workers grew at a slightly slower pace in the spring as companies sought to produce more with leaner work forces. Workers' compensation growth slowed, too. The Labor Department reported Friday that productivity — the amount an employee produces for every hour on the job — grew at an annual rate of 2.2 percent during the April-to-June quarter. That was down from a ...

IBM Ready To Connect and Secure Mobile Devices : IBM announced new software and services for mobile workers Friday, including applications for the iPhone and Blackberry devices. The Armonk, N.Y.-based company cited a surge in mobile devices as an ...
11 Aug 2008 15:29

07 Aug 2008 15:20

Canadian Dollar Falls After U.S. Sheds Jobs for Seventh Month : Canada's dollar declined after reports showed the U.S. lost jobs for a seventh straight month and its unemployment rate rose. ``Negative numbers will mean a sell-off on the back of the data because of the negative trade implications for Canada,'' said Sal Guatieri, a senior economist at BMO Capital Markets in ...

British Airways to Raise Prices, Restrain Fuel After Net Drops : British Airways Plc plans to raise ticket prices, reduce seating and restrain fuel expenses as first-quarter profit fell 90 percent, three days after announcing merger talks with Iberia ...
07 Aug 2008 08:20

Oil, Copper, Gold Extend Decline After Worst Month in 28 Years : Crude oil, copper and gold fell, extending the worst monthly performance for commodities in 28 years, on concern that higher prices and slower economic growth are curbing demand. ...
05 Aug 2008 12:08

31 Jul 2008 12:49

Visa's Earnings Buoyed by Debit Card Use in the U.S., Overseas : Visa Inc., the world's largest credit-card company, showed U.S. consumers still had money to spend as it said debit-card purchases grew twice as fast as credit transactions in the past ...

Financial Title closes its 57 offices : Financial Title of Citrus Heights has closed all 57 of its California offices, including some in the Bay Area. But a state official said its customers will continue to have their titles processed by the company's ...
31 Jul 2008 12:33

31 Jul 2008 12:26

India Seeks Balance Between Poverty, Prosperity in Trade Talks : India sought a balance between poverty reduction in developing countries and raising prosperity in rich nations to take forward World Trade Organization talks that collapsed this week. ...

31 Jul 2008 12:08

U.S. Economy Probably Expanded at Faster Pace in Second Quarter : The U.S. economy probably expanded at a faster pace in the second quarter as the temporary stimulus of federal tax rebates offset the drag from housing and rising unemployment, economists ...

28 Jul 2008 19:17

Kraft Profit Tops Estimates; Shares Climb on Forecast (Update1) : Kraft Foods Inc. reported earnings that topped analysts' estimates and said full-year profit may be higher than it forecast after increasing cheese, chocolate and Planters peanut prices ...

Amazon Plans an Online Store for Movies and TV Shows : In a significant step toward vanquishing the local video store and keeping couch potatoes planted firmly in front of their televisions and computers, Amazon.com will introduce a new online store of ...
18 Jul 2008 16:59

18 Jul 2008 16:40

Mattel to Seek Damages From MGA After Bratz Verdict (Update1) : Mattel Inc. may ask a jury this month for hundreds of millions of dollars in damages after the panel found drawings for MGA Entertainment Inc.'s Bratz dolls were made while the designer ...

Jet Fuel Premium Collapse as Airlines Ground Fleets Weakens Oil : Jet fuel's 100 percent rise over the past year to a record $4.36 a gallon is setting the stage for its decline in the next six months. AMR Corp.'s American Airlines Inc. and UAL Corp.'s United Air Lines Inc. are among carriers readying their biggest cutback in fuel use since 1991 because of the price. The U.S. airline ...
14 Jul 2008 10:55

14 Jul 2008 10:42

Apple May Have Sold 425,000 New IPhones After Debut (Update1) : Apple Inc. may have sold as many as 425,000 of its new iPhones in the first three days after the handset made its debut, in line with projections even after a technical breakdown seemed ...

Concerns raised about lack of Mac-to-MobileMe push sync : While Apple markets MobileMe primarily as a push service, some are now discovering that updates to the Mac don't translate to immediate updates for the web or for Apple's handhelds, raising ...
14 Jul 2008 10:29

14 Jul 2008 10:20

Yahoo Spurns `Ludicrous' Microsoft-Icahn Bid to Split Company : Yahoo! Inc. rebuffed a proposal from Microsoft Corp. and activist shareholder Carl Icahn that would have broken up the Internet company, accusing them of trying to ``coerce'' officials into ...

Apple’s Latest Opens a Developers’ Playground : When Apple opens its online App Store for iPhone software on Thursday, Steven P. Jobs will be making an attempt to dominate the next generation of computing as it moves toward Internet-connected mobile ...
10 Jul 2008 10:42

10 Jul 2008 10:39

Wachovia Names Steel Chief to Mend Relationships on Wall Street : Wachovia Corp., the bank with more than $3 billion in quarterly losses tied to the U.S. housing market, hired Wall Street veteran and Treasury Undersecretary Robert Steel as chief ...

Australian Dollar Rises After Job Growth Exceeds Expectations : The Australian dollar rose after a government report showed jobs rebounded by more than economists predicted in June. The New Zealand dollar gained as the nation's interest-rate advantage ...
10 Jul 2008 10:22

Fannie Mae, Freddie Losses Make Them `Insolvent,' Poole Says : Borrowing at Fannie Mae, the U.S. government-sponsored mortgage company, has never been so expensive and it may not get better any time soon. Fannie Mae paid a record yield relative to Treasuries on the sale of $3 billion in two-year notes yesterday amid concern the biggest provider of financing for U.S. home loans won't have ...
10 Jul 2008 10:22

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27 Aug 2008

Stocks mixed on higher oil, consumer data

Orders for Durable Goods in U.S. Probably Stalled in July
27 Aug 2008

27 Aug 2008

King says Alpharma rebuffed a $1.4B buyout bid

New-home sales rose slightly in July, prices fell
27 Aug 2008

27 Aug 2008

Dollar Falls on Speculation Reports to Show Flagging Spending

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