Archive for March 19th, 2008
Wednesday, March 19th, 2008
Siemens AG Chief Executive Officer Peter Loescher told analysts in November that his plan to revive Europe's largest engineering company would have its setbacks.
A disappointment came on Monday, when Munich-based Siemens said a review of ...
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Wednesday, March 19th, 2008
Starbucks Corp Chief Executive Officer Howard Schultz may introduce a plan for a loyalty program to stanch declining US sales at a shareholders meeting today.
Schultz will probably offer free coffees or discounts to customers using prepa ...
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Wednesday, March 19th, 2008
A printing plant being billed as the world's largest is now in operation cranking out newspapers for Rupert Murdoch's News International - a vote of confidence in Britain's troubled newspaper industry.
The plant in Broxbourne, 32 kilomet ...
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Wednesday, March 19th, 2008
The U.S. dollar was mixed against major currencies on Tuesday after the U.S. Federal Reserve slashed its benchmark interest rate and new economic data provided more evidence of a recession and inflation pressures.
The U.S. central b ...
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Wednesday, March 19th, 2008
The Dow Jones industrial average shot up 420.41 points, or 3.51 percent, to close at 12,392.66 on Tuesday, buoyed by a 0.75 percentage point interest rate cut and better-than-expected earnings of two major investment banks.
Sou ...
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Wednesday, March 19th, 2008
The California state Attorney General's Office shut down a half-dozen lending companies on Tuesday for their alleged involvement in pushing homeowners into "illegal and unconscionable loans."
In a lawsuit filed under seal in Los Ang ...
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Wednesday, March 19th, 2008
Crude-oil futures soared Tuesday to end above 109 U.S. dollars a barrel as the dollar declined after the Federal Reserve slashed its key interest rate by three-quarters of 1 percentage point, pushing up dollar-denominated oil prices.
...
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Wednesday, March 19th, 2008
Yahoo told its investors Tuesday that the company could increase revenue by more than 50 percent and double cash flow in coming years, in an attempt to justify its earlier rejection of the unsolicited buyout bid from Microsoft.
The ...
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