Archive for May 14th, 2008

Wall Street down after retail sales data

Wednesday, May 14th, 2008

Wall Street extended early losses Tuesday, as investors digested retail sales data and corporate news. The U.S. Commerce Department reported that retail sales fell 0.2 percent in April as consumers cut back spending due to soaring g ...

U.S. retail sales decline 0.2% in Apri

Wednesday, May 14th, 2008

Retail sales in the United States declined 0.2 percent in April, in line with analysts' expectations, the Commerce Department reported Tuesday. The April drop came after retail sales had gained 0.2 percent in March and fallen 0.5 pe ...

U.S. stocks end mixed on financials’ gloomy outlook

Wednesday, May 14th, 2008

U.S. stocks finished mixed Tuesday with renewed concerns about the financial sector weighing on the broad market. The major indexes slumped for much of the day, with financials greasing the slide, after Federal Reserve Chairman Ben ...

Iron ore supplier’s solid bond with China

Wednesday, May 14th, 2008

The world iron ore industry is dominated by three major international suppliers: Brazil's Companhia Vale do Rio Doce and two Australian producers BHP Billiton and Rio Tinto. These three contribute around 80 percent of the world's sea-borne ...

HBO to sell shows on Apple’s iTunes

Wednesday, May 14th, 2008

Apple Inc's iTunes online store will sell television shows from Time Warner Inc's HBO cable network, including The Sopranos and The Wire, the companies said yesterday. HBO shows such as Sex and the City, Flight of the Conchords and The W ...

More oil, natural gas discovered in W Uganda

Wednesday, May 14th, 2008

Tullow Oil, a company exploring for oil in western Uganda, announced on Tuesday that it had struck oil and natural gas deposits at Taitai-1 exploration well, located in Butiaba region in the Lake Albert Rift Basin. The London-based ...

S Korea to conduct reform on public firms

Wednesday, May 14th, 2008

South Korea is expected to unveil its privatization plan for state-run companies soon, a senior South Korean official said Tuesday. According to Vice Strategy and Finance Minister Bae Kook-hwan, the government plans to announce the ...

ADB index shows poor countries can provide basic social protection

Wednesday, May 14th, 2008

The Asian Development Bank (ADB) said on Wednesday that poor countries can also provide basic social protection like financing health care, cash transfers to the poor, the elderly and child protection. The ADB said in a news release ...