Futures gain on hopes for Fed rate cut
NEW YORK (Reuters) - Stock futures rose on Monday as investors bought beaten-down shares on hopes that recent signs of deterioration in the economy will prompt the Federal Reserve to slash interest rates to avert a recession.Source: Reuters: Business News | 7 Jan 2008 | 12:24 pm
Gates eyes next "digital decade"
LAS VEGAS (Reuters) - Microsoft Corp Chairman Bill Gates took center stage at the world's largest technology show for the last time on Sunday and predicted that his industry was on the cusp of the next "digital decade."Source: Reuters: Business News | 7 Jan 2008 | 12:19 pm
Crude drops
Read full story for latest details.Source: Business and financial news - CNNMoney.com | 7 Jan 2008 | 12:18 pm
McDonald's vs. Starbucks: The barista war
Starbucks (SBUX) is getting another jolt. The Wall Street Journal reports that McDonald's (MCD) is hiring baristas, of all things, for a full-fledged push into the high-end coffee business.Source: Business and financial news - CNNMoney.com | 7 Jan 2008 | 12:16 pm
Electronics makers keep eye on U.S. economy
LAS VEGAS (Reuters) - Electronics makers considering the strain on the U.S. economy are hoping consumers will cut other expenses first, but many see some worrying signs ahead.Source: Reuters: Business News | 7 Jan 2008 | 12:15 pm
Stocks set to rebound
U.S. stock futures rose early Monday as investors eyed a comeback from the previous session's brutal selloff and crude prices extended their declines.Source: Business and financial news - CNNMoney.com | 7 Jan 2008 | 12:14 pm
Melinda Gates goes public
Years before Melinda French met and married Bill Gates, she had a love affair - with an Apple computer. ? She was growing up in Dallas in a hard-working middle-class family. Ray French, Melinda's dad, stretched their budget to pay for all four children to go to college. An engineer, he started a family business on the side, operating rental properties. "That meant scrubbing floors and cleaning ovens and mowing the lawns," Melinda recalls. The whole family pitched in every weekend. When Ray brought home an Apple III computer one day when she was 16, she was captivated. "We would help him run the business and keep the books," she says. "We saw money coming in and money going out."Source: Business and financial news - CNNMoney.com | 7 Jan 2008 | 12:04 pm
Northern Rock should avoid "hasty" deal: investor
LONDON (Reuters) - Ailing British bank Northern Rock is not a "lame duck" and its value is far higher than its current share price, its biggest investor said on Monday as it sought backing to prevent a hasty rescue deal.Source: Reuters: Business News | 7 Jan 2008 | 11:59 am
Napster to sell music with less restrictions
Read full story for latest details.Source: Business and financial news - CNNMoney.com | 7 Jan 2008 | 11:52 am
Motorola to buy online music firm Soundbuzz
Motorola Inc. (MOT) said Monday it will acquire Singapore-based online music retailer Soundbuzz Pte. Ltd. in a move that will help bolster the U.S. cellphone maker's mobile music offerings in Asia.Source: Business and financial news - CNNMoney.com | 7 Jan 2008 | 11:32 am
Credit Suisse shares fall on report of writedowns
ZURICH (Reuters) - Shares in Swiss bank Credit Suisse fell by around 3 percent on Monday after a Swiss newspaper reported the bank faced writedowns in its commercial mortgage and leveraged-finance business.Source: Reuters: Business News | 7 Jan 2008 | 11:31 am
Sony upbeat on PS3 sales and Blu-ray deal
Sony has revealed that it sold 1.2m PlayStation 3 games consoles over the Christmas period in North America, finishing the year in a "strong position" after suffering from a troubled launch and fierce competition from the Nintendo Wii and the Microsoft Xbox 360.Source: Telegraph Business | 7 Jan 2008 | 11:30 am
More banks to cut dividends
Read full story for latest details.Source: Business and financial news - CNNMoney.com | 7 Jan 2008 | 11:14 am
Dollar bounces from payrolls lows (Reuters)
Reuters - The dollar rallied on Monday, recovering
from a slide after last week's poor U.S. jobs data and helping
European equities edge up, while government bond prices fell.
Source: Yahoo! News: Business | 7 Jan 2008 | 11:14 am
How Bush may boost the economy
Word is that President Bush may propose new measures to boost the economy by the time he gives his State of the Union address later this month.Source: Business and financial news - CNNMoney.com | 7 Jan 2008 | 11:04 am
Sainsbury's hit by sales worries
Sainsbury's shares fall as much as 8% on concern it may unveil weak Christmas trading figures later this week.Source: BBC News | Business | World Edition | 7 Jan 2008 | 11:01 am
US woes prompt shares slump
European share markets stabilise after earlier Asian losses and last week's global sell off.Source: BBC News | Business | World Edition | 7 Jan 2008 | 10:57 am
Action urged over US economy woes
Top economists warn that a recession in the US looks more likely, and urge government action.Source: BBC News | Business | World Edition | 7 Jan 2008 | 10:47 am
Nokia Siemens wins $935 million Saudi Arabia deal (Reuters)
Reuters - Nokia Siemens Networks said on Monday it had won an order worth $935 million from Kuwait telecom operator Zain to build second- and third-generation mobile networks in Saudi Arabia.Source: Yahoo! News: Business | 7 Jan 2008 | 10:42 am
Nokia Siemens wins $935 million Saudi Arabia deal
HELSINKI (Reuters) - Nokia Siemens Networks said on Monday it had won an order worth $935 million from Kuwait telecom operator Zain to build second- and third-generation mobile networks in Saudi Arabia.Source: Reuters: Business News | 7 Jan 2008 | 10:42 am
Rate cuts may not be enough for retailers
As talk of a possible recession in the UK gathers momentum, analysts are warning that further cuts in interest rates might not be enough to restore consumer confidence and prevent the downgrade and de-rating of the retail sector.Source: Telegraph Business | 7 Jan 2008 | 10:35 am
Oil falls below $98 on economic worries (Reuters)
Reuters - Oil fell on Monday, extending the
previous session's decline, as the market mulled over gloomy
U.S. economic data and the impact on demand should the world's
top energy consumer slip into recession later this year.
Source: Yahoo! News: Business | 7 Jan 2008 | 10:26 am
Oil falls below $98 on economic worries
LONDON (Reuters) - Oil fell on Monday, extending the previous session's decline, as the market mulled over gloomy U.S. economic data and the impact on demand should the world's top energy consumer slip into recession later this year.Source: Reuters: Business News | 7 Jan 2008 | 10:26 am
Sainsbury's falls over missed targets
Shares in J Sainsbury fell 6pc in early trading today, sparked by speculation that it had missed internal sales and profit targets in the run-up to Christmas.Source: Telegraph Business | 7 Jan 2008 | 10:25 am
China Eastern bid battle heats up
Singapore Airlines says it will not sweeten its bid to buy a stake in China Eastern Airlines as rival Air China promises to pay more.Source: BBC News | Business | World Edition | 7 Jan 2008 | 10:22 am
Warner backs Sony Blu-ray format
Blu-ray takes the lead in the battle of the high-definition DVD formats after Warner backs it.Source: BBC News | Business | World Edition | 7 Jan 2008 | 10:10 am
Darling seeks energy cost talks
Chancellor Alistair Darling asks to meet with energy regulator Ofgem to discuss gas and electricity price rises.Source: BBC News | Business | World Edition | 7 Jan 2008 | 9:56 am
McDonald's coffee bars to take on Starbucks: report (Reuters)
Reuters - McDonald's Corp is set to
launch coffee bars with "baristas" serving cappuccinos and
lattes, moving into direct competition with global coffee chain
Starbucks Corp. , The Wall Street Journal reported on
Monday.
Source: Yahoo! News: Business | 7 Jan 2008 | 9:50 am
McDonald's coffee bars to take on Starbucks: report
NEW YORK (Reuters) - McDonald's Corp is set to launch coffee bars with "baristas" serving cappuccinos and lattes, moving into direct competition with global coffee chain Starbucks Corp. , The Wall Street Journal reported on Monday.Source: Reuters: Business News | 7 Jan 2008 | 9:50 am
Toshiba says HD DVD has not lost out to Blu-ray (Reuters)
Reuters - Toshiba Corp (6502.T) said on Sunday its HD DVD high-definition video format is not dead despite being dealt a big setback by Warner Bros studio's decision to exclusively back Sony Corp's (6758.T) rival Blu-ray technology.Source: Yahoo! News: Business | 7 Jan 2008 | 8:59 am
Festive PS3 sales in US pass 1m
Sony says sales of the PlayStation 3 (PS3) console in the US hit 1.2 million over the Christmas period.Source: BBC News | Business | World Edition | 7 Jan 2008 | 8:33 am
Standard of living in UK better than in USA
For the first time in more than a century the standard of living in Britain is higher than in America, according to a new report.Source: Telegraph Business | 7 Jan 2008 | 8:25 am
Aggreko wins Beijing Olympics power contract
Aggreko, the Aberdeen-based company, will light up China this year after winning its bid to supply the power at this year's Olympic Games in Beijing.Source: Telegraph Business | 7 Jan 2008 | 8:05 am
Aggreko wins Beijing Olympics power contract
Aggreko, the Aberdeen-based company, will light up China this year after winning its bid to supply the power at this year's Olympic Games in Beijing.Source: Telegraph Business | 7 Jan 2008 | 8:05 am
GCap shares soar on Global Radio approach
Shares in Capital Radio-owned GCap Media soared this morning after Global Radio confirmed that it recently approached Capital Radio-owner GCap Media regarding a possible takeover, as reported in The Sunday Telegraph.Source: Telegraph Business | 7 Jan 2008 | 8:00 am
Credit woes 'hit finance firms'
Business at the UK's financial services firms is falling at its fastest rate in almost 17 years, warns the CBI.Source: BBC News | Business | World Edition | 7 Jan 2008 | 7:02 am
Gates eyes next "digital decade" (Reuters)
Reuters - Microsoft Corp Chairman Bill Gates took center stage at the world's largest technology show for the last time on Sunday and predicted that his industry was on the cusp of the next "digital decade."Source: Yahoo! News: Business | 7 Jan 2008 | 5:27 am
Wikipedia founder launches search engine
Wikia will let users rate the relevance of results on a five-star system and will be 'more transparent' than Google and other existing services, says Jimmy WalesSource: FT.com - US homepage | 7 Jan 2008 | 5:13 am
Morning Market Comment
With Friday's rather dire non farm payroll numbers on everybody's mind this morning, the focus will be turning towards the Christmas period sales results from a swathe of retailers. Whilst some, John Lewis and Selfridges, appear to have done rather well others - Dixons (it is still difficult to use the appalling name DSG Intl!) and Next, have disappointed.Source: Telegraph Business | 7 Jan 2008 | 12:05 am
Sony DVD move deals blow to Microsoft
The high definition video strategies of Toshiba and Microsoft have been thrown into disarray on the eve of the consumer electronics industry's biggest trade event of the year, following a landmark movie deal secured by rival Sony.Source: FT.com - US homepage | 6 Jan 2008 | 11:06 pm
Pension funds in threat over private equity fees
Big public pension funds have warned they will stop investing in buy-out funds if private equity groups raise their fees to recoup higher US taxes on executives' earningsSource: FT.com - US homepage | 6 Jan 2008 | 10:01 pm
Delta delays Comair sale
Delta Air Lines has put on hold plans to sell its Comair regional jet service division while it explores a possible merger with United Airlines or another rival, the latest sign that 2008 could be the year US carriers press for consolidationSource: FT.com - US homepage | 6 Jan 2008 | 10:01 pm
Fed should stop rate cuts, says fund chief
Ray Dalio, the billionaire fund manager who was among the experts to advise the US Federal Reserve in recent months, has said interest rate cuts are not the solution to the turmoil in the credit marketsSource: FT.com - US homepage | 6 Jan 2008 | 8:06 pm
Spectre of US slowdown haunts tech fair
The prospect of a consumer spending slowdown in the important US market clouded the upbeat mood at the start of the global consumer electronics industry's biggest annual jamboree in Las VegasSource: FT.com - US homepage | 6 Jan 2008 | 7:19 pm
Clinton in scramble to rescue campaign
Hillary Clinton and Mitt Romney are scrambling to rescue faltering presidential campaigns as opinion polls showed momentum continuing to shift against them ahead of Tuesday's New Hampshire primarySource: FT.com - US homepage | 6 Jan 2008 | 6:51 pm
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