Business News at nobosh.com

Israel Stocks Market higher VeriFone gets postal pact Kardan and Strauss up

Wed, 23 Jul 2008 10:25:00 -0600

Israeli stocks trade broadly higher led by bank shares as well as Teva Pharmaceutical Industries while a number of major names in technology rose sharply and real-estate companies leaped.

Source: MarketWatch

FCCs Adelstein to Oppose XM-Sirius Deal

Wed, 23 Jul 2008 10:37:01 -0600

The commissioner says he has decided to vote against the planned merger because of dissent over concessions.

Source: TheStreet

Fed Slower growth rising prices wham economy

Wed, 23 Jul 2008 12:25:17 -0600

The country slogged through slower economic growth and rising prices during the summer packing a double whammy to people and ...

Source: USA Today Money

Fed Beige Book Price pressures elevated or rising

Wed, 23 Jul 2008 12:25:04 -0600

WASHINGTON Reuters - The pace of U.S. economic activity slowed somewhat through mid-July and price pressures were elevated or increasing across the country the U.S. Federal Reserve said on Wednesday in a report showing evidence of inflation warning signs across the country.

Source: Reuters

Consumer Watch Product recalls still on the rise report finds

Wed, 23 Jul 2008 12:01:02 -0600

The U.S. needs to enact stricter product regulations consumer advocates argued Wednesday citing data that show recalls have been on the rise as Congress tries to hammer out new safety legislation.

Source: MarketWatch

NewsWatch U.S. stocks gain for day two as oil falls housing bill ahead

Wed, 23 Jul 2008 10:13:00 -0600

NEW YORK MarketWatch - U.S. stocks on Wednesday gained for a second day as crude deepened its decline and as lawmakers drew closer to approving a plan to help troubled mortgage companies Fannie Mae and Freddie Mac.

Source: MarketWatch

Emerging Markets Report Malaysias inflation soars to 26-year high in June

Wed, 23 Jul 2008 13:13:00 -0600

Malaysias consumer price inflation soars to a 26-year high in June heightening expectations that the central bank will hike interest rates at its meeting later this week.

Source: MarketWatch

Apple CEOs Health Stays On the Radar

Wed, 23 Jul 2008 13:13:01 -0600

Investors debate whether the companys nondisclosure regarding Steve Jobs is the right move.

Source: TheStreet

British Lender Puts Faith In Spanish Bank

Wed, 23 Jul 2008 13:01:03 -0600

Mortgage bank HBOS soars on speculation of interest from BBVA.

Source: Forbes

Unraveling Yahoo!s Hidden Beat

Wed, 23 Jul 2008 13:01:01 -0600

Yahoo! didnt meet Wall Streets second-quarter profit expectations but the after-hours rise in the stock had to be explained somehow.

Source: TheStreet

Small-Cap Winners & Losers Cobra Electronics

Wed, 23 Jul 2008 13:01:00 -0600

Shares of Chicago-based mobile communications manufacturerk Cobra Electronics rose on second- quarter earnings.

Source: TheStreet

Crude Falls But Not Fast Enough For Wall Street

Wed, 23 Jul 2008 09:25:05 -0600

Market opens mixed as earnings roll in.

Source: Forbes

Genentech sued over proposed Roche buyout

Wed, 23 Jul 2008 12:49:04 -0600

NEW YORK Reuters - A law firm said on Wednesday it had filed a lawsuit on behalf of Genentech Inc shareholders over the proposed buyout of the company by its majority shareholder Roche Holding AG .

Source: Reuters

Bud Toasts To Profits

Wed, 23 Jul 2008 12:37:03 -0600

The American brewer beat the Streets Q2 profit estimates on higher pricing and a popular new drink.

Source: Forbes

STMicro Chips Away At Rivals

Wed, 23 Jul 2008 12:13:03 -0600

Chip makers Q2 results show promise as sales rise deficit shrinks.

Source: Forbes

Philip Morris International Is Smokin

Wed, 23 Jul 2008 12:01:21 -0600

The Marlboro maker beats estimates in its first independent quarter.

Source: Forbes

Automakers Defy European Gloom

Wed, 23 Jul 2008 11:49:03 -0600

A sharp economic slowdown hasnt slowed down the growth of overseas carmakers.

Source: Forbes

Volkswagen Leaves Troubles Behind

Wed, 23 Jul 2008 11:01:04 -0600

Long-term contracts with steel suppliers and increased efficiency are helping the company excel.

Source: Forbes

Au Revoir 35 Hours Bonjour Stagnation

Wed, 23 Jul 2008 10:13:05 -0600

Pulling the plug on French working restrictions will not bring much joy in the current environment.

Source: Forbes

Costco Pinched By Pricey Crude

Wed, 23 Jul 2008 10:01:28 -0600

The warehouse retailer lowers its earnings expectations as inflation bites into margins.

Source: Forbes

Fiats Feat

Wed, 23 Jul 2008 09:37:03 -0600

Eco-friendly cars and demand in emerging markets like Brazil helped the automaker defy gloomy expectations.

Source: Forbes

Black in America Hit by recession

Wed, 23 Jul 2008 10:37:03 -0600

Source: CNNMoney

Costco sees Q4 profit below Wall Street estimates

Wed, 23 Jul 2008 03:01:04 -0600

Reuters - Costco Wholesale Corp the No 1 U.S. warehouse club operator on Wednesday forecast a fourth-quarter profit below Wall Street estimates citing energy costs and lower margins from merchandise sales at its outlets.

Source: Reuters

Chrysler to cut 1000 salaried jobs

Wed, 23 Jul 2008 12:25:17 -0600

Chrysler says it will cut 1000 salaried jobs worldwide by Sept. 30.

Source: USA Today Money

After Hours Amazon Qualcomm Allstate step up to earnings plate

Wed, 23 Jul 2008 12:01:03 -0600

Online retailer Amazon.com Inc. and chip developer Qualcomm Inc. are among the companies slated to roll out financial reports during the after-hours session.

Source: MarketWatch

The Ratings Game Have Wachovia shares seen a bottom? Two analysts think so

Wed, 23 Jul 2008 11:49:00 -0600

Two well-known banking analysts say Wachovias stock has seen the worst raising their respective price targets in the belief that the company can shore up its performance after having lost nearly $9 billion during the second quarter.

Source: MarketWatch

Back-to-school bargain hunting

Wed, 23 Jul 2008 11:37:03 -0600

While summer is a great time to be a kid it is a tough time to be a retailer or a parent.

Source: CNNMoney

Amazon sales expected to grow despite slowing economy

Wed, 23 Jul 2008 11:37:00 -0600

Despite pressure from a slowing economy Amazon.com is widely expected to continue delivering double-digit growth in sales and earnings when it reports its second-quarter results after the closing bell.

Source: MarketWatch

Food Futures Corn sinks to multi-month lows on favorable weather

Wed, 23 Jul 2008 11:37:00 -0600

Corn futures fall for a fourth-straight session losing as much as 4.9% to touch their lowest point in nearly four months on expectations of favorable weather for the critical pollination period.

Source: MarketWatch

Creditors say fraud possible in SemGroup collapse

Wed, 23 Jul 2008 11:25:15 -0600

WILMINGTON Delaware Reuters - A group of SemGroup LP creditors on Wednesday raised the prospect that unauthorized energy trading may have caused the $3.2 billion loss that sank the 12th-biggest U.S. privately held company.

Source: Reuters