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Archive for July 21st, 2008Dollar slips on rising oil prices, Iran worriesPosted by UK Economy News
In UK financial news
21Jul 08 The dollar weakened Monday under pressure from a rebound in oil prices, despite better-than-expected earnings from Bank of America that eased some concerns about the US financial sector.
Read full story Apple posts third-quarter profit of 1.07 billion dollarsPosted by UK Economy News
In UK financial news
21Jul 08 Apple on Monday reported its third-quarter profits topped a billion dollars on strong sales of its Macintosh computers, iPods, and iPhones.
Read full story Comments Off American Express mulls options after disappointing profitPosted by UK Economy News
In UK financial news
21Jul 08 US finance giant American Express on Monday reported second-quarter net profit fell 38 percent from a year ago to 653 million dollars and said the outlook is clouded by a "weaker" American economy.
Read full story Comments Off Yahoo makes deal with Icahn on board seatsPosted by UK Economy News
In UK financial news
21Jul 08 On the eve of a Tuesday release of its latest earning figures Yahoo struck a truce with corporate raider Carl Icahn, ending his fight to oust the struggling Internet pioneer's board.
Read full story Comments Off EU bid to steal show at WTO falls flatPosted by UK Economy News
In UK financial news
21Jul 08 A bid by the European Union to kickstart crucial trade talks with a new-sounding offer on agriculture tariffs fell flat on Monday with Brazil denouncing the proposal as "gimmickry".
Read full story Comments Off Oil prices rally on Dolly storm, Iran concernsPosted by UK Economy News
In UK financial news
21Jul 08 Oil prices rebounded Monday, after falling more than 16 dollars last week, as a tropical storm barreled into the Gulf of Mexico and the international community tightened pressure on Iran to halt its nuclear program.
Read full story Comments Off EA continues quest to buy videogame maker Take-TwoPosted by UK Economy News
In UK financial news
21Jul 08 US videogame giant Electronic Arts (EA) on Monday extended anew the deadline on its two-billion-dollar offer to buy "Grand Theft Auto" maker Take-Two Interactive.
Read full story Comments Off Schaeffler sweetens its bid for ContinentalPosted by UK Economy News
In UK financial news
21Jul 08 The German auto parts company Schaeffler Group said Monday it had sweetened its hostile bid for its significantly larger rival Continental.
Read full story Comments Off Roche likely to raise bid for GenentechPosted by UK Economy News
In UK financial news
21Jul 08 Roche Holding may need to raise its $43.7 billion (21.9 billion pound) bid for the Genentech stock that it does not already own, but an eventual deal is likely, analysts and investors said on Monday.
Read full story Comments Off Boeing wins Qatar order for C-17 military aircraftPosted by UK Economy News
In UK financial news
21Jul 08 Boeing on Monday signed a contract with Qatar for C-17 military airlift planes, the US aerospace giant said, without revealing how many of the long-range troop and cargo aircraft were ordered.
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