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Archive for December 18th, 2007US regulators ease media ownership restrictionsPosted by UK Economy News
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18Dec 07 US regulators voted Tuesday to ease restrictions on media ownership despite strong opposition from some lawmakers who threatened to block the plan on the grounds that it may harm competition.
Read full story Goldman Sachs banks hefty profit despite credit angstPosted by UK Economy News
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18Dec 07 Goldman Sachs lived up to its reputation as one of Wall Street's most successful money-making machines Tuesday as it unveiled better-than-expected profits for 2007 and its fourth quarter.
Read full story Comments Off US regulators ease media ownership restrictionsPosted by UK Economy News
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18Dec 07 US regulators voted Tuesday to ease restrictions on media ownership despite strong opposition from some lawmakers who threatened to block the plan on the grounds that it may harm competition.
Read full story Comments Off Oil prices retreat after Turkey pulls back from Iraq incursionPosted by UK Economy News
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18Dec 07 Oil prices declined Tuesday after an earlier spike as the market reacted to a move by Turkish troops into northern Iraq to flush out Kurdish rebels, and their subsequent withdrawal hours later.
Read full story Comments Off Euro fails to take advantage of negative US housing dataPosted by UK Economy News
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18Dec 07 The euro barely budged against the dollar here Tuesday, failing to take advantage of a fresh data revealing the depth of the crisis in the US housing sector.
Read full story Comments Off ECB opens cash taps to fight credit crisisPosted by UK Economy News
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18Dec 07 The European Central Bank handed unlimited amounts of two-week cash to money markets Tuesday, an unprecedented step aimed at easing a global credit squeeze that risks choking off the commercial bank lending on which business depends.
Read full story Comments Off Fed targets mortgage abuse as housing woes mountPosted by UK Economy News
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18Dec 07 The Federal Reserve proposed tough new rules Tuesday in a broad crackdown on abusive mortgage lending practices almost two years into one of America's worst housing downturns in decades.
Read full story Comments Off BP salutes oil output feat at end of turbulent 2007Posted by UK Economy News
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18Dec 07 British energy giant BP has ended one of its most difficult years on a high after announcing Tuesday that it has begun production at the deepwater Atlantis oil and gas field in the Gulf of Mexico.
Read full story Comments Off Alitalia board puts off choice of takeover partnerPosted by UK Economy News
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18Dec 07 Alitalia's board of directors decided on Tuesday to postpone its choice between two rival bidders -- the Italian airline Air One or the European giant Air France-KLM -- to rescue the near-bankrupt national flag carrier.
Read full story Comments Off Northern Rock gets more guaranteesPosted by UK Economy News
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18Dec 07 The government deepened its involvement in Northern Rock on Tuesday, offering to guarantee more of the stricken mortgage bank's liabilities as it battles to find a private-sector buyer.
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