Archive for February 19th, 2008



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.
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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.
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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.
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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.
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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.
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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.
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Oil hits record 100.10 dollars

Posted by UK Economy News
In Uncategorized
19Feb 08

The price of oil in New York spiked to a record 100.10 dollars a barrel Tuesday on supply concerns.
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Oil jumps 4 percent past $99

Posted by UK Economy News
In Uncategorized
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.
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Iraq to buy 40 aircraft from Boeing

Posted by UK Economy News
In Uncategorized
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.
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In Uncategorized
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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