Archive for July, 2008
Thursday, July 31st, 2008
NEW YORK (Reuters) - Stocks fell on Thursday, led by Exxon Mobil after its earnings fell short of Wall Street's expectations and as disappointing economic data revived fears of a U.S. recession.
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Thursday, July 31st, 2008
General Motors is discussing the sale of its Hummer brand with a number of potential buyers, the firm says.
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Thursday, July 31st, 2008
DETROIT (Reuters) - Automakers are expected to report on Friday that U.S. auto sales fell for a ninth consecutive month in July, as the industry hits its worst showing in 15 years.
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Thursday, July 31st, 2008
NEW YORK (Reuters) - Freddie Mac , the second-biggest provider of funding for U.S. residential mortgages, on Thursday said it is boosting incentives to mortgage servicing companies to help more borrowers renegotiate loans in an effort to curb rising delinquencies.
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Thursday, July 31st, 2008
NEW YORK (Reuters) - Standard & Poor's on Thursday cut ratings on all three major U.S. automakers deeper into junk status, citing expected losses due to higher gas prices and a weakening U.S. economy.
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Thursday, July 31st, 2008
HBOS sees profits before tax fall 72% in the first six months of the year as write-offs and bad debts rise sharply.
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Thursday, July 31st, 2008
Consumer groups express anger as British Gas owner Centrica reports £992m in profits, a day after raising gas prices 35%.
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Thursday, July 31st, 2008
Jul. 31 - The U.S. economy grew in the second quarter thanks to economic stimulus checks given to consumers.
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Thursday, July 31st, 2008
NEW YORK (Reuters) - Oil fell more than 2 percent on Thursday as weak U.S. economic data reinforced worries about shrinking fuel demand in the world's top energy consumer.
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Thursday, July 31st, 2008
NEW YORK (Reuters) - Marathon Oil Corp may split its oil and gas production business and its refining and marketing operations into separate entities, the company said on Thursday, sending its shares higher.
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