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Archive for February 19th, 2008Microsoft reportedly taking aim at Yahoo’s boardPosted by UK Economy News
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19Feb 08 Microsoft is crafting a plan to oust Yahoo's board of directors after it rejected the software giant's unsolicited 44.6-billion-dollar takeover offer, according to a US media report Tuesday.
Read full story Comments Off Wal-Mart sees modest profit gain in ‘volatile economy’Posted by UK Economy News
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19Feb 08 Wal-Mart Stores, Inc. reported a modest four percent rise in quarterly profits on Tuesday as the world's biggest retailer appeared to weather an abrupt slowdown in US economic growth.
Read full story Comments Off Oil hits record over $100 on OPEC supply concernsPosted by UK Economy News
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19Feb 08 Oil surged nearly 5 percent on Tuesday to hit a record over $100 a barrel on expectations OPEC will not hike output to ease high prices next month despite the economic woes of top consumer the United States.
Read full story Comments Off Liechtenstein accuses Germany of attacking its sovereigntyPosted by UK Economy News
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19Feb 08 Liechtenstein on Tuesday launched a withering attack on the German government for paying an informer in the Alpine state for bank secrets to launch a tax probe targeting hundreds of wealthy Germans.
Read full story Comments Off Oil prices race to record highs on supply worriesPosted by UK Economy News
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19Feb 08 Crude-oil futures surged to new record peaks Tuesday, driven higher by speculation that OPEC will cut output and geopolitical tensions in Venezuela and Nigeria.
Read full story Comments Off Oil hits record over $100 on OPEC supply concernsPosted by UK Economy News
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19Feb 08 Oil prices surged more than 4 percent on Tuesday to hit a record over $100 a barrel on expectations OPEC will keep production levels steady when it meets next month.
Read full story Comments Off Oil hits record 100.10 dollarsPosted by UK Economy News
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19Feb 08 The price of oil in New York spiked to a record 100.10 dollars a barrel Tuesday on supply concerns.
Read full story Comments Off Oil jumps 4 percent past $99Posted by UK Economy News
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19Feb 08 Oil prices jumped more than 4 percent on Tuesday to a one-month high of over $99 a barrel as expectations that OPEC will keep production steady spurred supply concerns.
Read full story Comments Off Iraq to buy 40 aircraft from BoeingPosted by UK Economy News
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19Feb 08 Iraq announced Tuesday it will buy 40 new aircraft from US manufacturer Boeing plus another six from Canadian firm Bombadier to revitalise an ailing fleet depleted by UN sanctions.
Read full story Comments Off Thomson set to close deal for Reuters in AprilPosted by UK Economy News
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19Feb 08 Thomson Corporation said Tuesday it expected to close its 17-billion-dollar takeover of British media group Reuters in April after regulatory approval in the US, Canada and European Union.
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