Business and Finance News
- 30-year mortgage rates rise in US
Barcelona News.Net
Mortgage rates have risen in the US over the past week with 30-year mortgages climbing to the highest level in nearly a year.
- Economists say Europe is flat
Barcelona News.Net
Economists have warned that the 15-nation eurozone economy is teetering on the brink of recession.
- Microsoft to power Facebook search ads
CNet
Updated at 12:30 p.m. PDT with more details on the search deal. In the coming months, Facebook will begin powering its Web search and related sponsored text links with Microsoft's technology, in an...
- Daimler finds car market unresponsive
Barcelona News.Net
German car maker Daimler has cut its full-year profit forecast on Thursday owing to a recent deterioration in auto markets.
- BP brings Russian executive home
Barcelona News.Net
UK oil company, BP, has withdrawn its chief executive from Russia after he suffered harassment by the company's Russian shareholders.
- Another crane death reported in US
Barcelona News.Net
Another industrial crane has collapsed in the US, crushing a car and killing an 80-year-old man who was in his vehicle.
- Cuomo shocks bank with lawsuit
Barcelona News.Net
New York’s Attorney General, Andrew Cuomo, has filed a civil lawsuit against Swiss bank UBS AG.
- Ford to try new approach after poor profits
Barcelona News.Net
The Ford Motor Company, an icon of American carmaking, has reported its worst-ever quarterly loss.
- Microsoft Flashes Its Ruby Bling
eWeek
Microsoft officials are continuing to push their open-source IronRuby effort to deliver an implementation of Ruby that runs on the .Net Framework, making several announcements July...
- Netflix posts higher profit, ups full-year earnings view
Market Watch
Netflix Inc. said Friday that its second-quarter profit rose as subscribers increased nearly 25%, and the company upped its forecast for the year.
- Eastman Chemical Reports Earnings
Tyler Morning Telegraph
Eastman Chemical Co. on Thursday announced earnings of $115 million, or $1.48 per diluted earnings per share, on revenue of $1.83 billion for the second quarter ended June 30.
- Belo Corp. 2Q earnings fall 28 percent
San Diego Union-Tribune
Television station owner Belo Corp. said Friday that its second-quarter earnings fell 28 percent as a weak advertising market, particularly in auto ads, pummeled business. The Dallas-based...
- Asian markets fall, tracking Wall St.
Los Angeles Times
HONG KONG — Asian stock markets fell sharply Friday, as an overnight drop on Wall Street and more concerns about the U.S. housing and financial sectors led many investors to take profits after...
- Sierra Pacific Resources shares hit new low as 2nd-quarter earnings, revenue miss estimates
Canadian Business
Sandra Chereb 2008 - 1:10 p.m. Sierra Pacific Resources said Friday its second-quarter profit rose 40 percent as rate increases and recovered construction costs offset...
- Asian, European markets fall, tracking Wall Street drop amid US financial worries
Canadian Business
Louise Watt 2008 - 08:58 a.m. - European and Asian stock markets fell Friday, as an overnight drop on Wall Street and more concerns about the U.S. housing and financial...
- Microsoft unveils DirectX 11 at GameFest
Infomatics
Microsoft has unveiled further details about its upcoming DirectX 11 at the annual GameFest developer conference in Seattle. A new 'shader' technology "lays the groundwork for the GPU to be...
- Bristol-Myers, Eli Lilly post strong 2Q results
Herald Sun
Like other major drugmakers, Bristol-Myers Squibb Co. and Eli Lilly & Co. saw benefits from the weak dollar in the second quarter, as sales grew at a faster rate overseas, but both also posted...
- Banks up borrowing over past week from Fed
eTaiwan News
Banks stepped up their borrowing over the past week from the Federal Reserve's emergency lending program, while Wall Street firms didn't draw such loans.A Fed report released Thursday said commercial...
- Dollar lower before key economic data
Breitbart
The dollar fell against the euro and yen on Friday as the market awaited publication of US housing figures and data on consumer sentiment in the world's biggest, but struggling, economy. In morning...
- Microsoft defends search investments
Courier-Journal
Analysts arrived for a yearly meeting at Microsoft headquarters in Redmond, Wash., hoping for new details about the software maker's online strategy, on the heels of the news that Kevin Johnson, a...
- Analysts served up tidbits, spy "doughnuts" at Microsoft meeting
The Seattle Times
How much is "negligible"?: Microsoft Chief Financial Officer Chris Liddell took the financial analysts through another rehash of the Yahoo pursuit. He said the value of Yahoo has eroded since...
- Qualcomm earnings outlook short of Wall Street expectations, but stock soars on Nokia deal
eTaiwan News
Qualcomm, the world's largest maker of chips that run cell phones, issued fourth-quarter and full-year earnings guidance Thursday that fell short of Wall Street targets, but the stock soared on a...
- Southwest Airlines 2nd-quarter earnings up on higher revenue and gains from hedging fuel costs
eTaiwan News
Southwest Airlines Co. earned a profit in the second quarter and beat Wall Street expectations by continuing to rely on financial deals that lowered its fuel costs.Revenue increased by 11 percent, as...
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