Archive for May 1st, 2008
Thursday, May 1st, 2008
Serbia and Italian car maker Fiat signed on Wednesday a memorandum of understanding, which envisages strategic cooperation and joint investment to produce new cars in Serbia's state-owned Zastava car plant.
"Fiat has ambitions to st ...
Posted in People | No Comments »
Thursday, May 1st, 2008
Cuban President Raul Castro and visiting Panamanian President Martin Torrijos on Wednesday signed an energy cooperation agreement, local media reported.
The agreement was signed during a ceremony at the Revolution Palace in the Cuba ...
Posted in People | No Comments »
Thursday, May 1st, 2008
Time Warner Inc. said Wednesday its earnings declined 36 percent in first-quarter from a year ago.
The company, which owns Warner Bros., CNN, AOL and Time magazine, earned 771 million U.S. dollars or 21 cents per share in the first ...
Posted in People | No Comments »
Thursday, May 1st, 2008
U.S. stocks ended lower after the Federal Reserve's latest rate cut after the market rallied earlier in the session fueled by better-than-forecast corporate earnings and first-quarter U.S. economic growth.
The Dow Jones Industrial A ...
Posted in People | No Comments »
Thursday, May 1st, 2008
The dollar fell against major currencies on Wednesday after the U.S. Federal Reserve cut interest rates by a quarter percentage point as expected.
The Fed action, after a two-day meeting, pushed the federal funds rate down to 2 perc ...
Posted in People | No Comments »
Thursday, May 1st, 2008
Crude oil futures fell Wednesday after U.S. government data showed U.S. crude inventories rose more than expected last week and the interest cut by the U.S. Federal Reserve.
Crude for June delivery closed down 2.17 U.S. dollars, or ...
Posted in People | No Comments »
Thursday, May 1st, 2008
The U.S. Federal Reserve decided Wednesday to cut a key interest rate by one quarter percentage point to 2.0 percent to prevent the economy from slipping into recession.
The Wednesday action, the seventh straight move since Sept. 18 ...
Posted in People | No Comments »
Thursday, May 1st, 2008
The U.S. economy grew at an annual rate of 0.6 percent in the first quarter of this year, stronger than the 0.2 percent growth rate expected by analysts, the Commerce Department reported Wednesday.
The first-quarter growth rate for g ...
Posted in People | No Comments »