Archive for July, 2008
Thursday, July 31st, 2008
WASHINGTON (Reuters) - An emergency dose of government stimulus helped the economy grow at a 1.9 percent annual rate in the second quarter, a soft pace but enough to take it off a path perilously close to recession.
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Thursday, July 31st, 2008
LONDON/NEW YORK (Reuters) - Exxon Mobil Corp broke its own record for the highest-ever quarterly profit for a U.S. company on Thursday, but it was lower than Wall Street expected largely due to lost output from Venezuela and Nigeria and lower yields from some oil fields.
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Thursday, July 31st, 2008
Jul. 31 - International markets remain on edge a full year after the credit crisis took hold amid turmoil in the American subprime mortgage market.
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Thursday, July 31st, 2008
Jul. 31 - The U.S. economy grew 1.9 percent in the second quarter but recession fears still linger as unemployment lines grow longer.
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Thursday, July 31st, 2008
NEW YORK (Reuters) - Banks borrowed a record amount of funds from the Federal Reserve in the latest week as the year old credit crisis took a persistent toll, while the commercial paper market continued to contract, signaling tough conditions for short term borrowers.
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Thursday, July 31st, 2008
NEW YORK (Reuters) - Carlyle Group , the big
private equity firm, said on Thursday it is liquidating its
only hedge fund, Carlyle-Blue Wave Partners Management LP,
after the fund failed to achieve "critical mass."
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Thursday, July 31st, 2008
The tobacco giant behind Marlboro announces plans to take over rival Rothmans, the maker of Benson and Hedges cigarettes.
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Thursday, July 31st, 2008
NEW YORK (Reuters) - Corporate bond defaults are on track to quadruple this year and company bankruptcies may soar to more than 100 in 2009, a senior Bain & Co consultant said on Thursday.
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Thursday, July 31st, 2008
WASHINGTON (Reuters) - Former Federal Reserve Chairman Alan Greenspan said on Thursday that a slowing global economy may push the United States into recession, though it is not yet in one.
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Thursday, July 31st, 2008
WASHINGTON (Reuters) - A new law extending the number of weeks unemployed U.S. workers can collect jobless benefits may cause initial filings for aid to overstate labor market weakness over the next several weeks.
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