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Archive for December 13th, 2007Shareholders OK News Corp. takeover of Dow Jones, WSJPosted by UK Economy News
In UK financial news
13Dec 07 Rupert Murdoch completed his hard-fought takeover of The Wall Street Journal and its parent company Thursday as Dow Jones & Co. shareholders formally approved a takeover by Murdoch's News Corp.
Read full story Lufthansa to buy 19 percent stake in US carrier JetBluePosted by UK Economy News
In UK financial news
13Dec 07 German airline Lufthansa will buy a 19 percent stake in US budget carrier JetBlue Airways for about 300 million dollars, the companies said in a statement Thursday.
Read full story Comments Off Oil prices slump as central bank action loses lusterPosted by UK Economy News
In UK financial news
13Dec 07 Oil prices tumbled on Thursday as traders turned skeptical about the success of a coordinated central bank action this week aimed at easing tight credit to avert a sharp economic slowdown.
Read full story Comments Off Dollar buoyed by firm dataPosted by UK Economy News
In UK financial news
13Dec 07 The dollar rose strongly against the euro on Thursday as the market digested stronger-than-expected US retail sales and inflation data, analysts said.
Read full story Comments Off Oil falls as fears of U.S. slowdown weighPosted by UK Economy News
In UK financial news
13Dec 07 Oil fell more than $2 on Thursday, erasing half of Wednesday's gains as fears over the health of the U.S. economy outweighed concerns over tight fuel supplies.
Read full story Comments Off Shareholders OK News Corp. takeover of Dow Jones, WSJPosted by UK Economy News
In UK financial news
13Dec 07 News Corp.'s takeover of The Wall Street Journal and its parent company cleared its final hurdle Thursday as Dow Jones & Co. shareholders approved the plan with a 60 percent majority, Dow Jones said.
Read full story Comments Off Crisis has legs despite central bank endeavourPosted by UK Economy News
In UK financial news
13Dec 07 Investor delight at a concerted central bank effort to relieve jammed money markets fizzled out on Thursday with experts saying the credit crisis would only end when commercial banks trusted each other again.
Read full story Comments Off Central banks try to balance inflation, credit squeeze risksPosted by UK Economy News
In UK financial news
13Dec 07 The world's major central banks face the delicate balancing act of trying to ease the global credit crunch sparked by the US subprime home loan crisis while trying to rein in rising inflation.
Read full story Comments Off Oil falls as fears of U.S. slowdown weighPosted by UK Economy News
In UK financial news
13Dec 07 Oil prices fell nearly $2 on Thursday, pressured by fears over the health of the economy of top oil consumer the United States.
Read full story Comments Off Oil prices slump after four-dollar surgePosted by UK Economy News
In UK financial news
13Dec 07 Oil prices tumbled on Thursday, erasing about half of the four-dollar jump seen the previous day as traders revisited concerns over the global economy.
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