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News of the 07/31/2008

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Business Logic Systems expands operations in the Middle East and Africa

  
Dubai, 31st July 2008; Business Logic Systems, the business intelligence and marketing campaign software company focused on the mobile telecoms industry, is expanding its operations in the Middle East with the opening of an office in Dubai, United Arab Em
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Centrica says net profits fall in first half

  
Centrica PLC, Britain's largest energy supplier, on Thursday reported a 47 percent fall in net profits in the first half of 2008, a day after it announced its retail wing is raising gas and electricity prices.
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Starbucks posts first loss, backs '09 profit target

  
LOS ANGELES (Reuters) - Starbucks Corp posted its first quarterly loss as a public company on Wednesday and said its U.S. coffee chain would shrink in the year ahead, but investors stunned by months of uncertainty sent shares up 4 percent as it stuck by its profit target for 2009.
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Asia stocks climb amid caution

  
July 31 - Many Asian stock markets rose on Thursday after central banks moved to boost liquidity in stormy financial markets.
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Housing band-aid now law

  
Jul 30 - President Bush quietly signed a housing rescue plan into law as home prices deteriorate and foreclosures rise.
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UK house price fall 'at new low'

  
UK house prices see their biggest annual fall since the Nationwide began its housing survey in 1991, new figures show.
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UK economy woes pile up

  
Key indexes for Britain's house prices and consumer confidence posted record falls on Thursday, giving credence to growing fears that the country is headed for a recession.
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College families scouring for loans

  
With tuition bills looming, thousands of Massachusetts students and parents are scrambling to secure college loans amid deep turbulence in the nation's credit markets, but college and university officials are reassuring families they should be able to borrow the money they need.
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Deutsche Bank writedowns swell beyond $11 billion

  
FRANKFURT (Reuters) - Deutsche Bank AG announced fresh writedowns on Thursday, taking its bill from the global financial crisis beyond $11 billion.
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Digital ad agency reaches out to old media

  
NEW YORK (Reuters) - Avenue A/Razorfish, a digital advertising and services agency, is set to announce plans to launch a media and entertainment consulting practice, banking on business from traditional media companies that are trying to broaden their image.
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Angel Investors and VCs Join Forces in Groundbreaking Video Advertising Opportunity

  
MirriAd Wins ‘Best Structured Deal' Award
31 July 2008, London, UK – The innovative funding structure of embedded advertising specialist, MirriAd, has been recognised by the British Business Angels Association (BBAA) as the ‘Best Structured Deal betwee
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Anger over £1bn Centrica profits

  
Consumer groups express anger as British Gas owner Centrica reports huge profits, a day after raising gas prices 35%.
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Actress's Clothing Firm Goes Bust

  
Sadie Frost's clothing firm has been placed in administration with debts of more than £4m.
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Domestic Energy Bills: Help At Hand

  
As British consumers tot up the cost of another rise in domestic energy prices, Zoe McLeod of National Energy Action tells Sky News Online where people can turn for help.
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US jobless ranks swell

  
Jul. 31 - State unemployment lines jumped to a more than 5-year high in a sign Americans are finding it difficult to find a new job in an anemic economy.
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