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Archive for April, 2008GM posts 3.3 bln dollar loss amid weak US marketPosted by UK Economy News
In UK financial news
30Apr 08 General Motors reported Wednesday a first-quarter loss of 3.3 billion dollars, citing weakness in the domestic auto industry and special charges.
Read full story Oil prices dive on robust US crude reservesPosted by UK Economy News
In UK financial news
30Apr 08 Oil prices tumbled Wednesday as traders reacted to rising US crude inventories and a generally stable dollar after the latest Federal Reserve rate cut, analysts said.
Read full story Comments Off Fed cuts rate to 2.0 percent, keeps options openPosted by UK Economy News
In UK financial news
30Apr 08 The Federal Reserve cut its key lending rate by a quarter point Wednesday in a fresh bid to fire up a lagging economy, while giving no clear signal on its next move in view of weak activity and rising inflation.
Read full story Comments Off Time Warner to spin off cable businessPosted by UK Economy News
In UK financial news
30Apr 08 US media conglomerate Time Warner said Wednesday it wants to sell its struggling cable business as part of a restructuring that includes spinning off part of its AOL Internet business.
Read full story Comments Off Three Chinese banks in world’s top four: studyPosted by UK Economy News
In UK financial news
30Apr 08 Three Chinese institutions were among the world's top four banks at the end of 2007 at a time when the market capitalisation of Western banks was suffering from a global financial crisis, a study showed Wednesday.
Read full story Comments Off British, French leaders push EU to help small businessPosted by UK Economy News
In UK financial news
30Apr 08 British Prime Minister Gordon Brown and French President Nicolas Sarkozy wrote to EU chiefs Wednesday to urge them to help small businesses cope with the global credit crunch, Brown said.
Read full story Comments Off Dollar firms against euro ahead of Fed rate decisionPosted by UK Economy News
In UK financial news
30Apr 08 The dollar held a slight lead on the euro here Wednesday, bolstered by better-than-expected US growth figures, ahead of a Federal Reserve meeting that could herald a pause in US interest rate cuts.
Read full story Comments Off BA says ‘exploring’ links with with American Airlines, ContinentalPosted by UK Economy News
In UK financial news
30Apr 08 British Airways said Wednesday it was examining closer cooperation with US carriers American Airlines and Continental Airlines but gave no additional information.
Read full story Comments Off Alitalia countersues Milan airport company: Alitalia statementPosted by UK Economy News
In UK financial news
30Apr 08 Italy's near bankrupt flag carrier Alitalia is countersuing the company that manages Milan's two airports for more than one billion euros, Alitalia said Wednesday.
Read full story Comments Off Whirlpool sues Kenwood over shape of mixerPosted by UK Economy News
In UK financial news
30Apr 08 Whirlpool Corp , the world's biggest appliance company, said on Wednesday it sued Kenwood Ltd, a unit of Italy's De Longhi Group , for infringement of the shape of its KitchenAid stand mixer.
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