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News of the 08/03/2008

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

Verizon, unions continue contract negotiations

  
Verizon Communications Inc. and two unions representing some 65,000 of its workers have agreed to "stop the clock" on contracts that were set to expire at 12:01 a.m. Sunday.
    From Boston Globe | Add a commentary | Report abuse
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BA close to American alliance

  
British Airways says it is close to agreeing a tie-up with its largest US rival American Airlines.
    From BBC News | Add a commentary | Report abuse
 

Pay Rise Demands Up As Costs Soar

  
Most workers feel they do not earn enough money to meet the cost of living as the credit crunch continues to bite, a survey reveals.
    From Sky News | Add a commentary | Report abuse
 

Fed to sit tight on rates as oil prices moderate

  
WASHINGTON (Reuters) - The U.S. Federal Reserve is expected to hold interest rates steady on Tuesday, acknowledging financial conditions remain strained, but making clear it is still worried about inflation despite a recent pullback in energy prices.
    From Reuters | Add a commentary | Report abuse
 
    
News of the 08/02/2008
    

Northeast Utilities raises outlook for year

  
Northeast Utilities on Friday raised its earnings outlook for the year, citing strength in its transmission business.
    From Boston Globe | Add a commentary | Report abuse
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Agents 'breaking home pack law'

  
Some estate agents in England and Wales are breaking the law by marketing properties without ordering a Home Information Pack, the BBC learns.
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Small Florida bank is 8th U.S. failure this year

  
WASHINGTON (Reuters) - Bank regulators closed a small Florida-based bank on Friday, the eighth U.S. bank to fail this year under pressure from a weak economy and a credit crisis precipitated by falling home prices.
    From Reuters | Add a commentary | Report abuse
 

Vermont coffee company buys Tennessee facility

  
Green Mountain Coffee has bought a building in Knox County, Tenn., it plans to use as a manufacturing center supporting its single-cup coffee business, officials said.
    From Boston Globe | Add a commentary | Report abuse
 

Airbus sells Laupheim site to Diehl/Thales

  
Diehl and Thales have signed a contract for the purchase of Airbus' site in Laupheim. From October 1st, all operational business and assets of the Laupheim site will be transferred to Diehl/Thales.
The Airbus plant in Laupheim employs a total of 1,100
    From EduBourse | Add a commentary | Report abuse
 
News of the 08/01/2008
    

British bank Alliance & Leicester reports loss

  
British mortgage bank Alliance & Leicester PLC on Friday reported a net loss of 24 million pounds ($48 million) for the first half of the year, in line with market expectations.
    From Boston Globe | Add a commentary | Report abuse
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GM investors brace for brutal Q2 results

  
DETROIT (Reuters) - General Motors Corp investors expect the No. 1 U.S. automaker to post a steep second-quarter loss on Friday, reflecting the pressure from a deepening downturn in the U.S. auto industry.
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Soaring fuel bill hits BA profits

  
British Airways blames a doubling of fuel costs for an 88% drop in quarterly profits during the "worst trading environment ever".
    From BBC News | Add a commentary | Report abuse
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EdF ends talks to buy British Energy

  
French state-controlled nuclear company EdF has ended discussions with British Energy PLC on a possible takeover of the UK electric utility, the company said Friday.
    From Boston Globe | Add a commentary | Report abuse
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Gold shines through equities gloom

  
Aug. 1 - Worries over the state of the global economy have seen investors turn away from stocks to safe-haven commodities.
    From Reuters | Add a commentary | Report abuse
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Yahoo's board wins big endorsement by shareholders

  
SAN JOSE, California (Reuters) - Yahoo Inc's board of directors received strong backing from shareholders at its annual meeting on Friday, with embattled Chief Executive Jerry Yang winning an 85 percent favorable vote.
    From Reuters | Add a commentary | Report abuse
 

Car Making Returns To Longbridge

  
Car manufacturing resumes at Longbridge in Birmingham today - three years after the collapse of Rover and the loss of more than 6,000 jobs.
    From Sky News | Add a commentary | Report abuse
 

Petrobras starts producing oil in the sea of Nigeria

  
Petrobras holds 13% stakes in the Agbami Field, in Nigeria, which started producing oil this week. The other partners in the business are Norwegian StatoilHydro, and American outfit Chevron, the operator. Nigerian National Petroleum Corporation and Famfa
    From EduBourse | Add a commentary | Report abuse
 

China's No.1 is steady growth

  
Aug 1 - Chinese President Hu Jintao said the priority is steady, fast growth while containing inflation, vowing reforms after the Beijing Olympics.
    From Reuters | Add a commentary | Report abuse
 

President of mortgage companies denies fraud

  
The president of a mortgage company that does business in New Hampshire, Maine and Massachusetts admits paperwork mistakes, but denies fraud.
    From Boston Globe | Add a commentary | Report abuse
 

EDF retreats from British Energy bid

  
Aug. 1 - The French power generator EDF says it failed to reach agreement on a 24 billion dollar plan to take over British Energy.
    From Reuters | Add a commentary | Report abuse
 

No Charges Over HBOS Rumours

  
The Financial Services Authority has closed its inquiry into the false market rumours which sent Halifax Bank of Scotland shares tumbling in March.
    From Sky News | Add a commentary | Report abuse
 

Brit Gas Boss Sorry For Rowdy Staff

  
The boss of British Gas has apologised for the rowdy behaviour of some staff at a team briefing on the day the company put up its prices for customers.
    From Sky News | Add a commentary | Report abuse
 

Life Below The Breadline In Nepal

  
The wordwide economic downturn has caused the price of rice to almost double in Nepal and for shopowners business is slow. Suresh Shresta describes the struggle the food crisis is bringing to the people of Katmandu.
    From Sky News | Add a commentary | Report abuse
 
    
    
    





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