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Archive for May 7th, 2008News Corp profit rises on cable and TV ratingsPosted by UK Economy News
In UK financial news
7May 08 Rupert Murdoch's News Corp said on Wednesday its quarterly net profit tripled on higher advertising sales at the Fox TV network and Fox News Channel, as well as a big one-time gain from its stock swap with Liberty Media .
Read full story Dollar firm ahead of ECB rate decisionPosted by UK Economy News
In UK financial news
7May 08 The dollar traded mainly higher Wednesday, supported by hopes that the worst of the credit crunch is over and that the US economy will avert a major economic downturn.
Read full story Comments Off Dr Pepper Snapple shares get tepid receptionPosted by UK Economy News
In UK financial news
7May 08 Dr Pepper Snapple Group shares began trading in New York on Wednesday at a lower-than-expected $25, showing that U.S. investors are hesitant to invest in the country's third-largest soft drink maker.
Read full story Comments Off News Corp profit rises on cable and TV ratingsPosted by UK Economy News
In UK financial news
7May 08 Rupert Murdoch's News Corp said on Wednesday its quarterly net profit rose three-fold on higher advertising sales at the Fox TV network and Fox News Channel, as well as a one-time gain from its stock swap with Liberty Media .
Read full story Comments Off Oil prices hit record peaks above 123 dollarsPosted by UK Economy News
In UK financial news
7May 08 World oil prices surged to fresh record highs above 123 dollars per barrel Wednesday amid concerns about tight supplies and lingering unrest in oil-rich Nigeria, traders said.
Read full story Comments Off Airbus says outpaces Boeing on ordersPosted by UK Economy News
In UK financial news
7May 08 European aircraft maker Airbus said Wednesday it is outpacing Boeing so far this year, winning 397 orders in the four months to April compared with 346 for its US rival.
Read full story Comments Off Panama sells Claro and Digicel mobile licensesPosted by UK Economy News
In UK financial news
7May 08 Panama awarded Irish-backed Digicel Panama and Claro Panama, a unit of billionaire Carlos Slim's America Movil, concessions to run new mobile phone networks on Wednesday.
Read full story Comments Off Oil surges to $123 a barrelPosted by UK Economy News
In UK financial news
7May 08 Oil prices rose more than a dollar Wednesday to over $123 a barrel, extending further into record territory as worries over tight world supplies of diesel outweighed a boost in U.S. crude stocks.
Read full story Comments Off WTO sees no ministerial meeting in May as trade talks still bogged downPosted by UK Economy News
In UK financial news
7May 08 The World Trade Organisation said Wednesday it is highly unlikely that a ministerial meeting will be held this month given the scant progress in talks on liberalising agriculture and other thorny issues.
Read full story Comments Off Germany probes Gazprom official’s alleged Stasi pastPosted by UK Economy News
In UK financial news
7May 08 A senior executive at a German subsidiary of the Russian energy giant Gazprom is under investigation for allegedly lying about his past as a former East German spy, a chief prosecutor said Wednesday.
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