Business and Finance News
- T. Boone Pickens warns of $300 oil
The Iran News.Net
Billionaire oil investor T. Boone Pickens has told legislators that oil prices will hit US$300 a barrel in 10 years.
- Bush raises eyebrows with stock market comment
The Iran News.Net
US President George Bush has made an unguarded comment at a Houston fundraiser.
- New fees mean turnaround for airlines
The Iran News.Net
New travel fees have meant hundreds of millions of dollars a year for beleaguered airlines.
- Italians lose confidence in economy
The Iran News.Net
Italian consumer confidence has slumped in July to the lowest level since the 1993 recession.
- Lufthansa pilots on pay strike
The Iran News.Net
Lufthansa has been forced to cancel nearly 1,000 flights in Germany because of an unannounced strike by pilots.
- Wachovia takes big hit on the market
The Iran News.Net
US banking giant Wachovia has announced a quarterly loss of US$8.662 billion.
- Small town hit by housing crisis
The Iran News.Net
The mortgage crisis has hit the small town of Vallejo, near San Francisco.
- UK chains drop fuel prices
The Iran News.Net
A number of UK national supermarket chains and an oil company have said they will cut the price of fuel.
- Microsoft Pushes For User Created Xbox Games
RedOrbit
Posted on: Wednesday, 23 08:55 CDT Microsoft Corp is following the lead of popular websites Facebook and YouTube, as it begins to rely on Xbox 360 users to create new video games and...
- GlaxoSmithKline 2Q profit slips on competition
CNBC
All Associated Press news - GlaxoSmithKline PLC, the world's second-largest drug maker, posted a 3 percent drop in second-quarter profit on Wednesday, after strong competition from...
- Toyota beats GM in worldwide sales in first half
Seattle Post-Intelligencer
Toyota sold more than 4.8 million vehicles worldwide in the first...
- Wavecom Announces Second Quarter 2008 Financial Results
CNBC
... at constant currencies, i.e. using the second quarter 2007 exchange rate for the U.S. dollar to the euro), the continued weak U.S. dollar had a...
- New York Times quarterly profit, revenue fall
Reuters
Second-quarter ad revenue fell 9.5 percent at New York Times Media Group, which includes the flagship New York Times newspaper. At its New England group, which includes the Boston Globe, ad...
- Boeing profit falls on military, civil delays
Reuters
Stock Buzz ) reported a greater-than-expected 19 percent drop in quarterly profit on Wednesday as it took a charge on a delayed military plane contract and suffered knock-on effects of its troubled...
- AT&T profit rises on wireless growth
Reuters
Stock Buzz ) posted on Wednesday a higher quarterly profit as stronger-than-expected growth in wireless subscribers compensated for shrinking traditional landlines.
- European Utilities Eyeing EdF Ambitions
Morning Star
MARKET EXPECTATIONS: Analysts see EdF reaping some rewards from an improved performance of its nuclear and hydroelectric assets. Growth in power sales, driven partly by weather conditions...
- Yahoo earnings decline, miss estimates
CNet
Yahoo's earnings for its second quarter came in 1 cent lower than expectations, with net income declining 19 percent and revenue a bit light as well, but the company called the quarter...
- Stock markets tepid in early trading
The Detroit News
Advertisement A drop in energy prices would benefit a wide spectrum of companies, including airlines, manufacturers and even retailers. It also helped distract investors from some...
- Bush will sign housing bill into law-W. House
San Diego Union-Tribune
WASHINGTON – President Bush will sign into law a housing rescue package, despite objections about a provision to provide grants to communities to buy and repair foreclosed homes, because the...
- Peabody Energy 2Q earnings more than double
Examiner
Coal-mining Peabody Energy Corp. said Wednesday its second-quarter profit more than doubled, beating Wall Street's expectations as the miner benefited from higher shipments, soaring global prices and...
- China gets first seat in select WTO negotiating group
Times Of India
China takes a seat for the first time in the World Trade Organization's most select negotiating group when seven commercial powers meet on Wednesday. The meeting behind closed doors at...
- Wall Street News Alert Issues Special Alert on EENR! July 23, 2008
Market Wire
... - Wall Street News Alert's "stocks to watch" this morning are: Exterra Energy Inc....
- UnitedHealth Beats Wall St. Expectations
Gadsden Times
The UnitedHealth Group beat Wall Street expectations on Tuesday, and its shares rose despite a sharp drop in second-quarter profit. Shares of the health insurer and managed-care provider...
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