Archive for February 16th, 2008
Saturday, February 16th, 2008
Eurozone external trade unexpectedly turned into deficit last December, a sign that the strong euro and weakening U.S. economy were taking their toll on exports of the 13 nations sharing the same currency last year.
Preliminary figu ...
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Saturday, February 16th, 2008
Billionaire Warren Buffett's Berkshire Hathaway Inc became the largest shareholder in Kraft Foods Inc, the world's second-biggest foodmaker.
Berkshire owned 132.4 million shares, or about 8.6 percent of Northfield, Illinois-based Kr ...
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Saturday, February 16th, 2008
Former Federal Reserve Chairman Alan Greenspan said the U.S. economy is on the verge of its first recession in six years as falling home values hurt consumer spending.
"We are clearly on the edge," Greenspan told a group of energy-i ...
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Saturday, February 16th, 2008
Latin America's three major stock markets closed lower Friday.
The Buenos Aires stock market closed with the Merval index down0.13 percent to 2,039.09 points. The trade volume was 52.5 million U.S. dollars.
In Sao Paulo, Lat ...
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Saturday, February 16th, 2008
Wall Street traded mixed on Friday on weak economic reports.
A New York Federal Reserve survey on regional manufacturing indicated that conditions deteriorated this month, while the preliminary Reuters/University of Michigan survey ...
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Saturday, February 16th, 2008
The New York Times will bow to growing financial strain and eliminate about 100 newsroom jobs this year, the daily reported on Friday.
The cuts will be achieved "by not filling jobs that go vacant, by offering buyouts, and if necess ...
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Saturday, February 16th, 2008
Wall Street lost ground on Friday as investors' concerns climbed after gloomy economic data and a lowered forecast from electronics retailer Best Buy.
The New York Federal Reserve's Empire State Manufacturing Survey indicated on Fri ...
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Saturday, February 16th, 2008
Wall Street headed lower Friday, as investors' concerns rose on the release of gloomy economic data and a lowered forecast from electronics retailer Best Buy.
The Dow Jones fell 34.06 to 12,342.92. Broader stock indicators also move ...
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