Read full story
Comments Off
Archive for July 15th, 2008GM warns of losses; scales back to fight slumping salesPosted by UK Economy News
In UK financial news
15Jul 08 US auto giant General Motors on Tuesday warned of "significant" losses in the second quarter and unveiled a fresh cost-cutting program to battle slumping sales amid soaring fuel prices.
Read full story Bush, Bernanke try to calm economic stormPosted by UK Economy News
In UK financial news
15Jul 08 As financial market turmoil intensified on worries of a banking crisis, US President George W. Bush and Federal Reserve chairman Ben Bernanke sought Tuesday to calm jitters while warning of a bumpy road to economic recovery.
Read full story Comments Off Intel beats forecasts with profit of 1.6 billion dollarsPosted by UK Economy News
In UK financial news
15Jul 08 Intel Corp. said Tuesday its second-quarter profit rose 25 percent from a year ago to 1.6 billion dollars as the world's biggest computer chipmaker shook off economic headwinds.
Read full story Comments Off Oil plunges $6 on mounting U.S. economic concernPosted by UK Economy News
In UK financial news
15Jul 08 Oil dropped more than $6 on Tuesday, the largest drop in dollar terms in 17 years, as growing concern about the economic health of top energy consumer the United States stirred demand worries.
Read full story Comments Off Oil prices plunge on worries about economic downturnPosted by UK Economy News
In UK financial news
15Jul 08 Oil plunged in the steepest fall in 17 years in New York on Tuesday amid concerns that slower economic growth in the United States, the world's largest energy consumer, could dampen demand.
Read full story Comments Off Google-Yahoo tie-up draws fire on Capitol HillPosted by UK Economy News
In UK financial news
15Jul 08 A proposed online advertising tie-up between Google and Yahoo drew fire at a Senate antitrust hearing Tuesday even as both companies defended the alliance as positive for consumers and businesses.
Read full story Comments Off German auto parts group Schaeffler bids for rival ContinentalPosted by UK Economy News
In UK financial news
15Jul 08 The family-owned Schaeffler auto and aerospace parts company launched Tuesday an offer for its much larger German rival Continental but said it was not necessarily seeking a majority stake.
Read full story Comments Off GM to cut jobs and sell assetsPosted by UK Economy News
In UK financial news
15Jul 08 General Motors on Tuesday announced a plan to cut costs by $10 billion (5 billion pounds) suspend its common stock dividend and sell up to $4 billion in assets in a bid to shore up cash and survive a deep industry slump.
Read full story Comments Off Speed of the essence in broadband battlePosted by UK Economy News
In UK financial news
15Jul 08 BT's super-fast broadband network plan shows speed is key in the fiercely competitive market, pressuring Carphone Warehouse and BSkyB while highlighting Virgin Media's advantage.
Read full story Comments Off BA to advertise virtues of Terminal 5Posted by UK Economy News
In UK financial news
15Jul 08 British Airways is launching an advertising campaign to try to rescue the reputation of Terminal 5, its new home at Heathrow Airport, which opened to chaotic scenes of lost baggage and cancelled flights in March.
Read full story Comments Off |
|
Subscribe to RSS
