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News of the 07/30/2008

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Wall St. rebounds on auto hopes
Thomas Cook Profits Rise To £300m
GM Seeks $18B in Federal Aid
    

Sony stumbles

  
July 30 - A larger than expected fall in quarterly profit hit Sony shares, while those of rival Matsushita jumped on robust growth.
    From Reuters | Add a commentary | Report abuse
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Dismay at collapse of trade talks

  
International negotiators express disappointment at the failure of trade talks in Geneva, but some vow to fight on.
    From BBC News | Add a commentary | Report abuse
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Visitor spending drops in Hawaii in 1st half

  
Visitors who arrived in Hawaii by air over the first half of the year spent $5.9 billion while in the islands, a 3.4 percent decline from the first six months of 2007, the state Department of Business, Economic Development and Tourism said Tuesday.
    From Boston Globe | Add a commentary | Report abuse
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British bank Lloyds sees profits more than halved

  
Lloyds TSB said Wednesday that its net income had fallen about 63 percent to 576 million pounds ($1.15 billion) over the first half of 2008, compared to the same period last year, as softening sales and economic turmoil bit into the British bank's bottom line.
    From Boston Globe | Add a commentary | Report abuse
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Lords overturn Saudi probe ruling

  
The House of Lords rules the Serious Fraud Office was lawful when it halted a probe into a £43bn Saudi arms deal.
    From BBC News | Add a commentary | Report abuse
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Northern Rock unveils job losses

  
Northern Rock expects to make about 1,300 staff redundant as part of its plan to restructure the troubled bank.
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Wall St seen starting higher as oil slips

  
NEW YORK (Reuters) - Stock index futures rose on Wednesday as oil prices slid for a second consecutive session, further easing fears about inflation and the impact of high energy prices on consumer spending.
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British Gas raises bills by up to 35%

  
The UK's biggest domestic energy supplier raises gas prices by 35% and electricity prices by 9%, with immediate effect.
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BBC Fined £400K By Media Watchdog

  
The BBC has been fined £400,000 by media regulator Ofcom for faking winners and
misleading audiences in viewer and listener competitions.
    From Sky News | Add a commentary | Report abuse
 

Fire near Yosemite park hurts tourist business

  
Vendors along one of the main roads leading to Yosemite National Park this summer were finally seeing business turn around following a rock slide that kept tour buses away for the previous two years.
    From Boston Globe | Add a commentary | Report abuse
 

Microsoft Virtual Earth to Be Offered With ESRI's ArcGIS Online Services

  
Mapping platform collaboration helps improve business processes, unlock and gain insight into data, and create better citizen and customer connections.
    From EduBourse | Add a commentary | Report abuse
 

Man shoots at NH nightclub after being ejected

  
Police say a man who was thrown out of a nightclub in Gilford, N.H., returned with a rifle and fired more than a dozen shots at the business.
    From Boston Globe | Add a commentary | Report abuse
 

Oh, Goody! Jade Has A New Scent

  
A whiff of polemic has followed Jade Goody around for some time - so it is perhaps unsurprising that she should wish to cash in on her contentious personality with the launch of a new perfume.
    From Sky News | Add a commentary | Report abuse
 

Fed extends helping hand

  
Jul. 30 - The Federal Reserve extended a temporing funding facility through early 2009 in a bid to energize a stubbornly lethargic credit market.
    From Reuters | Add a commentary | Report abuse
 

U.S. shift to smaller cars raises safety questions

  
WASHINGTON (Reuters) - An accelerating U.S. consumer shift from sport utility vehicles and pickups to more fuel-efficient cars should reduce rollover, but safety experts worry a lighter fleet poses serious risks despite air bags, anti-collision systems and other advances.
    From Reuters | Add a commentary | Report abuse
 

Operators of failed business face new legal woes

  
Two brothers who ran a Biddeford heating oil dealership that failed to honor customers' prepaid oil contracts are in more legal trouble.
    From Boston Globe | Add a commentary | Report abuse
 

U.S. minimum wage set to rise, but views vary

  
WASHINGTON (Reuters) - The national minimum wage is set to increase by 70 cents on Thursday to $6.55 an hour, the second of three increases to take place after the wages earned by the nation's poorest and least educated failed to rise for ten years.
    From Reuters | Add a commentary | Report abuse
 
    
    
    





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