Merrill Lynch reports a net loss for 2007 after it is caught up in problems from a slump in the US housing market. Source: BBC News | Business | World Edition | 17 Jan 2008 | 12:14 pm
Reuters - Continental Airlines Inc on
Thursday posted a fourth-quarter profit as higher fares and
more international flights helped offset soaring fuel costs.
NEW YORK (Reuters) - Continental Airlines Inc on Thursday posted a fourth-quarter profit as higher fares and more international flights helped offset soaring fuel costs.
AP - Consumer prices rose in 2007 at the fastest pace in 17 years as motorists paid a lot more for gasoline and grocery shoppers paid higher food bills. However, falling prices for clothing and new cars offset some of those gains.
The Chinese Communist Party says insider trading deals will be punished, the state news agency says. Source: BBC News | Business | World Edition | 17 Jan 2008 | 11:48 am
Reuters - Stock index futures signaled a modest
rebound on Wall Street on Thursday ahead of results from
companies including Merrill Lynch , Bank of New York
Mellon and Washington Mutual .
LONDON (Reuters) - Stock index futures signaled a modest rebound on Wall Street on Thursday ahead of results from companies including Merrill Lynch , Bank of New York Mellon and Washington Mutual .
NEW YORK (Reuters) - Air France-KLM could provide strategic or financial help in Delta Air Line Inc's pursuit of a merger with another airline, The Wall Street Journal reported on Thursday.
Home prices dropped last year in most cities around the nation, and now rents are flattening out in many of the markets worst hit by the housing downturn.
Shares in France's Alstom jump 6% on strong results and a high-speed train deal in Argentina. Source: BBC News | Business | World Edition | 17 Jan 2008 | 11:24 am
The British Chambers of Commerce calls for an interest rate cut, amid signs of an economic slowdown in the UK. Source: BBC News | Business | World Edition | 17 Jan 2008 | 11:13 am
For 30 minutes, uber-car guy Bob Lutz held forth before an audience of business journalist on the final press day of Detroit's International Auto Show.
HMV Group, the owner of Waterstone's and the eponymous music chain, has taken the market by surprise this morning with a very strong Christmas trading update. Source: Telegraph Business | 17 Jan 2008 | 10:45 am
Deutsche Bank plans to eliminate 300 jobs from its investment banking unit amid market volatility. Source: BBC News | Business | World Edition | 17 Jan 2008 | 10:25 am
Greg Brenneman, the man who brought Continental Airlines and Burger King back from the brink, has big plans for Quiznos, the beleaguered sandwich chain he took over last year. But even if he's successful once again, will he stick around?
WASHINGTON (Reuters) - Ben Bernanke has tried hard not to follow his predecessor Alan Greenspan into the political arena by commenting on fiscal policy, but the Federal Reserve chief will find it difficult to stay above the fray this week.
While high street consumers have been reluctant to delve into their pockets of late, Thorntons has proved they still indulge a sweet tooth. Source: Telegraph Business | 17 Jan 2008 | 10:17 am
ZURICH (Reuters) - Credit Suisse Group bucked a
financial sector trend on Thursday, announcing a worldwide
expansion plan for its flagship private banking arm.
Barratt Developments has provided some much-needed cheer for the housebuilding sector this morning with an upbeat trading statement. Source: Telegraph Business | 17 Jan 2008 | 9:45 am
BASEL, Switzerland (Reuters) - Swiss drugmaker Novartis AG missed forecasts with a 42 percent drop in fourth-quarter net profit, hit by generic competition and a one-off restructuring charge, sending its shares lower.
Shares in HMV jump 15% after the music and books retailer reports "highly successful" Christmas trading. Source: BBC News | Business | World Edition | 17 Jan 2008 | 9:29 am
Home Retail Group said that despite poor Christmas trading at Argos and Homebase, full-year profits will be at the upper end of expectations. Source: Telegraph Business | 17 Jan 2008 | 9:10 am
Merrill Lynch is bracing itself to write-down more than $10bn (£5bn) today as it becomes the latest Wall Street bank to reveal how it has been ravaged by the global credit crisis. Source: Telegraph Business | 17 Jan 2008 | 9:09 am
Enterprise Rent-A-Car, the nation's largest rental car company, wants to become a better steward of the environment. Its efforts demonstrate the limits to how much - and how little - one company can do.
WASHINGTON (Reuters) - Delta Air Lines has begun merger talks with Northwest Airlines , the office of House of Representatives Transportation Committee Chairman James Oberstar said on Wednesday.
Argos owner Home Retail Group says sales growth will be harder to achieve as consumer spending slows. Source: BBC News | Business | World Edition | 17 Jan 2008 | 7:59 am
HMV Group, the music and books retailer has revealed a sparkling performance over the Christmas period, with strong sales in what was a generally gloomy trading season on the high street. Source: Telegraph Business | 17 Jan 2008 | 7:50 am
AP - Japanese stocks snapped a four-session losing streak Thursday, rebounding on broad bargain hunting in recent decliners such as real estate and construction shares. Source: Yahoo! News: Business | 17 Jan 2008 | 7:45 am
The Pentagon will ask Congress for money to buy additional F-22 fighter jets, postponing the closure of the Lockheed Martin production line for stealth aircraft Source: FT.com - US homepage | 17 Jan 2008 | 2:34 am
Reuters - Two Commerce Bancorp
shareholders go to court on Thursday to try to block a
shareholder litigation settlement that is key to the bank's
$8.5 billion merger with Toronto-Dominion Bank . Source: Yahoo! News: Business | 17 Jan 2008 | 2:17 am
The IMF and UN paint a bright picture of economic growth and political stabilisation in Iraq for the near future. Source: BBC News | Business | World Edition | 17 Jan 2008 | 2:15 am
Gregory Reyes, the former chief executive of Brocade, a Silicon Valley networking equipment maker, was sentenced to 21 months in prison and ordered to pay a $15m fine for his role in stock options backdating at the company Source: FT.com - US homepage | 17 Jan 2008 | 12:13 am
Charles Denton, the former chief executive of luxury soap maker Molton Brown, is building a stake in troubled computer games group SCi Entertainment with a view to pushing for management change or even considering a takeover bid. Source: Telegraph Business | 17 Jan 2008 | 12:10 am
Guy Hands' attempts to prevent an exodus of talent from EMI have suffered a blow with the Rolling Stones' decision to release their new album through rival Universal Music Source: FT.com - US homepage | 17 Jan 2008 | 12:06 am
Reuters - Delta Air Lines has begun
merger talks with Northwest Airlines , the office of
House of Representatives Transportation Committee Chairman
James Oberstar said on Wednesday.
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Reuters - Continental Airlines Inc on
Thursday posted a fourth-quarter profit as higher fares and
more international flights helped offset soaring fuel costs.
AP - Consumer prices rose in 2007 at the fastest pace in 17 years as motorists paid a lot more for gasoline and grocery shoppers paid higher food bills. However, falling prices for clothing and new cars offset some of those gains.
Reuters - Stock index futures signaled a modest
rebound on Wall Street on Thursday ahead of results from
companies including Merrill Lynch , Bank of New York
Mellon and Washington Mutual .
Reuters - Delta Air Lines has begun
merger talks with Northwest Airlines , the office of
House of Representatives Transportation Committee Chairman
James Oberstar said on Wednesday.