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Archive for February 13th, 2008News Corp and Yahoo said to be in deal talkPosted by UK Economy News
In UK financial news
13Feb 08 Rupert Murdoch's News Corp is in talks to combine MySpace and other Internet properties with Yahoo to fend off Microsoft's $42.1 billion (21.5 billion pound) bid, according to several reports.
Read full story Bets against Microsoft-Yahoo deal may be waningPosted by UK Economy News
In UK financial news
13Feb 08 Scepticism about Microsoft's prospects of buying Yahoo may be waning, as short sellers appear to have backed away in the last few days from bets against Yahoo's stock rising.
Read full story Comments Off Bush signs economic stimulus packagePosted by UK Economy News
In UK financial news
13Feb 08 US President George W. Bush signed a two-year, 168-billion-dollar economic stimulus package on Wednesday, hoping it would deliver "a booster shot" to an ailing American economy.
Read full story Comments Off French rogue trader’s lawyer appeals detention: officialPosted by UK Economy News
In UK financial news
13Feb 08 Rogue trader Jerome Kerviel's lawyer filed a high court appeal Wednesday to seek his release from French custody, a judicial official said, as he appeared again before judges investigating the case.
Read full story Comments Off Morgan Stanley cuts 1,000 mortgage jobsPosted by UK Economy News
In UK financial news
13Feb 08 Morgan Stanley will slash 1,000 jobs, scale back its U.S. home-lending business and shut down a British mortgage unit as new management takes a hard look at the continued deterioration in mortgage markets.
Read full story Comments Off Spanish premier promises 1.2 million new jobs for womenPosted by UK Economy News
In UK financial news
13Feb 08 Spanish Prime Minister Jose Luis Rodriguez Zapatero on Wednesday promised to create 1.2 million jobs for women and pay them equivalent salaries to men if he is returned to office in March elections.
Read full story Comments Off Air Arabia’s profits soar by 272 percent in 2007Posted by UK Economy News
In UK financial news
13Feb 08 Gulf budget-carrier Air Arabia on Wednesday posted a record 272 percent surge in net profits in 2007 as the Sharjah-based carrier continued to boost its route expansion plans.
Read full story Comments Off US files appeal at WTO over cotton subsidies disputePosted by UK Economy News
In UK financial news
13Feb 08 The United States is appealing a World Trade Organization ruling upholding Brazil's complaint that US farm subsidies, particularly to cotton growers, violate global trade rules, a US official said Wednesday.
Read full story Comments Off China suffers first defeat at WTO over auto parts: sourcePosted by UK Economy News
In UK financial news
13Feb 08 China suffered its first defeat at the World Trade Organisation after the body upheld a complaint by the US, EU and Canada over Beijing's import tariffs on car parts, a source said Wednesday.
Read full story Comments Off Morgan Stanley to shed 1,000 jobs in mortgage downsizingPosted by UK Economy News
In UK financial news
13Feb 08 Wall Street investment giant Morgan Stanley said Wednesday it would eliminate 1,000 jobs as it scales back residential mortgage operations in response to the US housing slump.
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