lunes, 11 de agosto de 2008

Business News

Business News

Oil rises on Russia-Georgia conflict

A civil defence worker stands next to a damaged house at the site of a suicide car bomb attack in the coastal town of Zemmouri el Bahri, 45km (28 miles) east of the Algerian capital Algiers August 10, 2008. A suicide car bomb attack on security forces killed at least six civilians east of Algiers late on Saturday, the second such blast this month, authorities in OPEC member Algeria said on Sunday. REUTERS/Zohra Bensemra (ALGERIA)
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Reuters
AP - 1 hour, 18 minutes ago

VIENNA, Austria - Oil prices rebounded Monday on concerns a widening conflict between Russia and Georgia over a the breakaway province of South Ossetia could disrupt supplies in the region.

Economy News

  • Daniel Fulton constructs dormers for a home at the Westchester Modular Homes factory in Wingdale, N.Y. Thursday, Aug. 7, 2008. The employee-owned company produces about 400 modular homes annually. 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 2.6 percent growth rate logged in the first three months of this year. (AP Photo/Craig Ruttle)
    Productivity growth slowed in spring AP - Fri Aug 8, 11:02 AM ET

    WASHINGTON - 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.

  • Mexico's annual inflation hits 3-year high in July AP - Thu Aug 7, 10:13 PM ET

    MEXICO CITY - Mexico's central bank says rising food and gasoline prices have pushed inflation to its highest level in three years.

  • Venezuela's inflation hits 33.7 percent in July AP - Thu Aug 7, 10:12 PM ET

    CARACAS, Venezuela - Venezuela's annual inflation climbed to 33.7 percent in July in metropolitan Caracas, but slowed its pace as price controls on food were eased and supply increased, the Central Bank said Thursday.

Stock Markets News

  • Traders work on the floor of the New York Stock Exchange on August 5, 2008 in New York City. Wall Street ended the week on an up note Friday as cooling oil prices diminished fears that the economy could be further singed by inflationary pressures and after the Federal Reserve kept interest rates on hold.(AFP/Getty Images/File/Chris Hondros)
    Wall Street heads for moderately higher open AP - 21 minutes ago

    NEW YORK - U.S. stocks headed for a moderately higher open Monday after sharp gains last week and as oil prices increased on concerns over fighting between Russia and Georgia.

  • Traders work works on the floor of the New York Stock Exchange August 8, 2008. (Joshua Lott/Reuters)
    Futures flat as oil up on geopolitical worry Reuters - 28 minutes ago

    NEW YORK (Reuters) - Stock index futures were little changed on Monday as geopolitical concerns fueled caution and oil prices edged higher.

  • Europe's major stock markets rose slightly on Monday, with London lifted by gains to energy and mining majors, and after share prices had rallied in Tokyo and before the weekend on Wall Street.(AFP/File/Shaun Curry)
    European shares gain ground AFP - 40 minutes ago

    LONDON (AFP) - Europe's major stock markets rose slightly on Monday, with London lifted by gains to energy and mining majors, and after share prices had rallied in Tokyo and before the weekend on Wall Street.

Earnings News

  • Insurance weighs on Berkshire Hathaway's 2Q profit AP - Fri Aug 8, 8:22 PM ET

    OMAHA, Neb. - Berkshire Hathaway Inc. reported an 8 percent decline in second-quarter profit Friday because it collected fewer insurance premiums and recorded $1 billion in unrealized derivative losses.

  • A common sight these days where auctions, bank owned homes, foreclosures, and unfinished housing developments dot the housing landscape like this home Wednesday, July 30, 2008, in Phoenix. Mortgage finance company Fannie Mae swung to a second-quarter loss, Friday, Aug. 8, 2008, that was more than triple what Wall Street expected as conditions in the housing market continued to deteriorate. (AP Photo/Ross D. Franklin)
    Fannie Mae loses $2.3B in quarter as defaults rise AP - Fri Aug 8, 6:42 PM ET

    WASHINGTON - Fannie Mae is making bold cutbacks that will send shock waves through the mortgage market, after posting a quarterly loss Friday that was three times larger than Wall Street expected.

  • Lions Gate returns to profit in first quarter Reuters - Fri Aug 8, 5:24 PM ET

    LOS ANGELES (Reuters) - Lions Gate Entertainment Corp , an independent film and television studio, on Friday returned to a quarterly profit, driven by double-digit revenue increases at its motion pictures, television, home entertainment, and library businesses.

Industries

  • A New York City cab driver fills his taxi up with gas at a Hess station in New York in this July 2, 2008 file photo. U.S. average retail gasoline prices fell over the past two weeks and could ease further in coming weeks if the price of crude oil keeps dropping, according to the latest nationwide Lundberg survey. (Shannon Stapleton/Reuters)
    Gas prices continue to drop across the nation AP - 1 hour, 34 minutes ago

    CAMARILLO, Calif. - A national survey shows gas prices continue dropping across the nation.

  • An unsold new Toyota Sequoia SUV is seen at a dealership in Silver Spring, Maryland, July 1, 2008. (Yuri Gripas/Reuters)
    Toyota to up prices of some models by 1-3 percent: Nikkei Reuters - Sun Aug 10, 7:22 PM ET

    TOKYO (Reuters) - 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 reported on Monday.

  • ImClone hints at dim view of Bristol-Myers offer AP - Mon Aug 4, 5:20 PM ET

    NEW YORK - ImClone Systems Inc.'s board of directors said Monday cancer drug partner Bristol-Myers Squibb Co.'s $4.5 billion buyout offer "substantially undervalues" the company, with Chairman Carl Icahn personally against the deal.

Opinion

  • Subprime City Confidential: Aug. 11, 2009 BusinessWeek Online - 21 minutes ago

    Amid the blizzard of media commentary, analysis, and general navel-gazing accompanying the first anniversary of the credit crunch (BusinessWeek.com, 7/31/08), we here at Subprime City Confidential were dutifully prepared to present our own version of what it all means, what we have learned, etc., when a much more exciting opportunity dropped in our lap.

  • Bankrupt Retailers: Pushed to the Brink BusinessWeek Online - 21 minutes ago

    On Feb. 19 the electronic gizmo retailer Sharper Image filed for Chapter 11 bankruptcy protection. As part of its court filing, Sharper Image management committed to its lenders to close 90 of its 184 stores. But within weeks, newly appointed Chief Executive Robert Conway decided to liquidate the rest of the stores. Conway, who is a principal at turnaround specialist Conway, Del Genio, Greiss & Co., reached the conclusion that it would be nearly impossible to secure adequate financing to restock the remaining 94 stores. ...

  • The Job Hunt Goes Mid-Market BusinessWeek Online - 21 minutes ago

    Recruiters at Harris Williams & Co. usually spend July and August handling a small stack of resumes and gearing up for the fall hiring season. But this summer, things have been far from quiet at the boutique investment banking firm in Richmond, Va. More than 300 resumes have landed on Stevie McFadden's desk this summer -- and that's not counting the dozens of casual inquiries she's received from prospective job applicants and MBA students.

Most Popular Business News

  • United Parcel Service aircraft are loaded with containers at the UPS Worldport All Points International Hub during peak delivery day in Louisville, Kentucky, December 19, 2007. (John Sommers II/Reuters)
    TNT shares up on UPS talks Reuters - Mon Aug 11, 3:45 AM ET

    AMSTERDAM (Reuters) - Shares in Dutch TNT NV rose more than 6 percent on Monday after a source said Europe's No.2 mail and logistics company was in talks with U.S. rival United Parcel Service .

  • In this July 31, 2008 photo released by General Motors, a ten-year-old prototype of General Motors thermoelectric generator, which converts exhaust heat into electricity, is shown on a tail pipe in Warren, Mich. An updated version of the device, which could improve fuel economy by 5 percent, is planned to be tested in a Chevrolet Suburban in 2009. (AP Photo/General Motors, Lee Short)
    Researchers work to turn car's exhaust into power AP - Sun Aug 10, 3:21 PM ET

    WARREN, Mich. - The stinky, steaming air that escapes from a car's tailpipe could help us use less gas.

  • Employers boost 401(k)s to meet workers' demand AP - 52 minutes ago

    CHICAGO - Corporate America may have turned its back on traditional pensions but it appears to be embracing 401(k)s more than ever.

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