Archive for July 11th, 2008

Fuel price hikes drive rethink of US suburbs

Friday, July 11th, 2008

NEW YORK: Ever since the rise of the automobile in the 1950s, the American Dream has featured a home in the suburbs and two cars in the garage. Now the iconic white picket fence comes with a hefty price tag, in the form of the cost of th ...

Tokyo stocks open lower

Friday, July 11th, 2008

Tokyo stocks opened slightly lower Friday. In the first 15 minutes of trading, the 225-issue Nikkei Stock Average edged down 4.62 points, or 0.04 percent, from Thursday to 13,062.59. The broader Topix index of all First Sect ...

Dollar at lower 107 yen level in Tokyo

Friday, July 11th, 2008

The U.S. dollar stood at the lower 107 yen level early Friday in Tokyo. At 9 a.m., the dollar was quoted at 107.00-02 yen, compared with Thursday's 5 p.m. quotes of 107.04-14 yen in New York and 107.16-17 yen in Tokyo. The ...

Hotelier expects difficult year

Friday, July 11th, 2008

Marriott International Inc, the world's largest hotel chain, said second-quarter profit fell 24 percent and forecast more declines this year as US companies and consumers curb travel. Net income dropped to $157 million, or 42 cents a sha ...

Retailers cash in on rebate checks

Friday, July 11th, 2008

Wal-Mart Stores Inc and Costco Wholesale Corp said June sales rose more than expected as shoppers facing soaring gasoline and food costs used federal tax rebates to buy discounted clothes and groceries. Sales at stores open at least a ye ...

ADB: Asian integration good for global economy

Friday, July 11th, 2008

Increasing integration among Asian economies offers a new platform to promote growth and strengthen trade links, which is conducive not only for Asia, but also for the rest of the world, the Asian Development Bank (ADB) said on Thursday. ...

Crude prices soar on tensions in Middle East

Friday, July 11th, 2008

Crude prices rebounded sharply Thursday on tensions in the Middle East that stirred by Iran's missile testing. Oil futures soared more than 5 U.S. dollars a barrel on the New York Mercantile Exchange. Iran announced that it has succ ...

IPhone 3G ready for global debut

Friday, July 11th, 2008

Apple will roll out its next-generation iPhone on Friday across 22 countries, it was reported on Thursday. Apple aims to position itself as a leading maker of pocket PCs at a pivotal moment in the worldwide smart-phone market, accor ...