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Archive for April 24th, 2008Microsoft CFO says company “cautious” on economyPosted by UK Economy News
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24Apr 08 Microsoft Corp Chief Financial Officer Chris Liddell said on Thursday it is being "cautious" on the economy, but its wide range of products and geographic diversity will support the company's earnings.
Read full story Dollar gains amid talk of Fed rate pausePosted by UK Economy News
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24Apr 08 The dollar gained ground Thursday as speculation grew that the US Federal Reserve might soon call a halt to interest rate cuts while the European Central Bank may have to lower its rates.
Read full story Comments Off Microsoft profits slip to 4.41 billion dollars but beat estimatesPosted by UK Economy News
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24Apr 08 Microsoft reported that its profits slipped to 4.38 billion dollars in the first three months of the year despite revenues rising slightly to 14.45 billion dollars.
Read full story Comments Off U.S. crude oil falls as dollar strengthensPosted by UK Economy News
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24Apr 08 Oil slumped on Thursday as gains in the U.S. dollar and rising fuel production from U.S. refineries spurred profit-taking that dragged crude further from its record peak near $120 a barrel.
Read full story Comments Off Oil prices slip on dollar recovery, rising US crude inventoriesPosted by UK Economy News
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24Apr 08 Oil prices fell sharply Thursday as a strengthening dollar and rising US crude stockpiles prompted traders to lock in profits after this week's record-breaking run.
Read full story Comments Off US March new home sales fall to more than 16-year lowPosted by UK Economy News
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24Apr 08 Sales of new US homes plunged to their lowest level in over 16 years in March despite hefty price declines in response to a glut of unsold homes, Commerce Department data showed Thursday.
Read full story Comments Off Two major US retailers ration rice amid global food crisisPosted by UK Economy News
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24Apr 08 Two major US bulk retailers are rationing the sale of large bags of rice to consumers amid a growing global food crisis marked by skyrocketing prices and heavy pressure on demand.
Read full story Comments Off Ford posts surprise profit in quarter but predicts job cutsPosted by UK Economy News
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24Apr 08 Ford Motor Co. predicted further job cuts even as it posted a profit of 100 million dollars in the first quarter Thursday in a surprise turnaround for the struggling US auto giant that has been mired in deep losses.
Read full story Comments Off Airbus chief Enders warns that hard times lie aheadPosted by UK Economy News
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24Apr 08 Airbus boss Thomas Enders said Thursday that the toughest years for his struggling group still lay ahead, especially owing to the dollar's fall against the euro.
Read full story Comments Off Fault stops oil production off Libyan coastPosted by UK Economy News
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24Apr 08 Production has been suspended at an oil platform run by energy firm Total off the Libyan coast after a mechanical fault occurred on Thursday, the Libyan National Oil Corporation (NOC) said.
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