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Archive for February 14th, 2008New York Times to lay off 100 newsroom staffPosted by UK Economy News
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14Feb 08 The New York Times, one of America's largest and most influential newspapers, is to lay off 100 newsroom staff, bowing to growing financial strains in the print media business, it said Thursday.
Read full story Bernanke open to more rate cuts, sees second-half reboundPosted by UK Economy News
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14Feb 08 US Federal Reserve chairman Ben Bernanke on Thursday predicted "a period of sluggish growth" followed by improvement on interest rate cuts and a stimulus plan, while keeping the door open to further cuts.
Read full story Comments Off Oil prices surge to 95 dollars after US supply dataPosted by UK Economy News
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14Feb 08 Oil prices jumped above 95 dollars on Thursday amid economic data from the US and Japan slightly above expectations and a smaller-than-expected rise in American energy stockpiles.
Read full story Comments Off Settlement in case of HP spying on news reportersPosted by UK Economy News
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14Feb 08 Hewlett-Packard on Thursday announced a settlement with Business Week and New York Times reporters on whom the computer maker spied during a hunt for a boardroom leak.
Read full story Comments Off Exxon claim said to be fraction of asset freezePosted by UK Economy News
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14Feb 08 Venezuela on Thursday minimized the compensation it owes Exxon Mobil for an oil project, the latest volley in hard-ball negotiations that have prompted a threat to stop sending America oil.
Read full story Comments Off Most U.S. consumers find imports best valuePosted by UK Economy News
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14Feb 08 Most U.S. consumers think domestic manufacturers no longer offer the best quality or make the most innovative products, a survey released Thursday shows.
Read full story Comments Off US trade deficit falls for first time in six yearsPosted by UK Economy News
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14Feb 08 The US trade deficit narrowed in 2007 for the first time in six years, as rising exports supported by a weak dollar helped offset a record gap with China, data showed Thursday.
Read full story Comments Off Shell sets out vision of energy futurePosted by UK Economy News
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14Feb 08 Anglo-Dutch oil giant Shell unveiled its vision of the world's future energy sources Thursday, suggesting two scenarios where policy either remains with individual countries or is decentralised to allow a reduction in energy consumption and carbon emissions.
Read full story Comments Off Air France-KLM eyes Delta-Northwest venturePosted by UK Economy News
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14Feb 08 Air France-KLM, the world's leading airline, said Thursday it was prepared to invest in a tie-up between US carriers Delta and Northwest.
Read full story Comments Off US trade deficit falls for first time in six yearsPosted by UK Economy News
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14Feb 08 The US trade deficit narrowed in 2007 for the first time in six years, as rising exports supported by a weak dollar helped offset a record gap with China, data showed Thursday.
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