The Bank of England's Monetary Policy Committee voted to cut the bank rate by a quarter point to 5.25 per cent, as was widely expected, amid growing signs of a weakening economy.
Source:
FT.com - US homepage | 7 Feb 2008 | 12:21 pm
Northern Rock's debt will appear on government accounts, the Office for National Statistics decides.
Source:
BBC News | Business | World Edition | 7 Feb 2008 | 12:19 pm
CHICAGO (Reuters) - Children's Place Retail Stores Inc said on Thursday that sales at stores open at least a year rose 6 percent in January.
Source:
Reuters: Business News | 7 Feb 2008 | 12:18 pm
The Bank of England's Monetary Policy Committee cuts interest rates to 5.25% from 5.5%.
Source:
BBC News | Business | World Edition | 7 Feb 2008 | 12:17 pm
(Corrects headline to delete reference to lower sales volume)
Source:
Reuters: Business News | 7 Feb 2008 | 12:17 pm
Read full story for latest details.
Source:
Business and financial news - CNNMoney.com | 7 Feb 2008 | 12:13 pm
Reuters - PepsiCo Inc reported lower
quarterly profit on Thursday, hurt by a higher tax rate and a
decline in sales volume of carbonated soft drinks.
Source:
Yahoo! News: Business | 7 Feb 2008 | 12:11 pm
Airbus expects air passenger traffic to treble in the next two decades, creating global demand for 24,300 aircraft.
Source:
BBC News | Business | World Edition | 7 Feb 2008 | 12:05 pm
The Bank of England has cut interest rates by a quarter percentage point to 5.25pc in an attempt to head off a slowdown in the economy.
Source:
Telegraph Business | 7 Feb 2008 | 12:05 pm
Thursday appears likely to bring another Cisco (CSCO) skid.
Source:
Business and financial news - CNNMoney.com | 7 Feb 2008 | 12:01 pm
A roundup of the latest corporate earnings reports and what companies are saying about future quarters.
Source:
MarketWatch.com - Top Stories | 7 Feb 2008 | 12:01 pm
European equities fell in line with losses on Wall Street as technology shares lost ground after Cisco Systems in the US warned of weak demand. Germany's Infineon Technologies, a chipmaking rival of...
Source:
Infocious RSS raw feed - channel BNPaperBusiness | 7 Feb 2008 | 12:00 pm
Read full story for latest details.
Source:
Business and financial news - CNNMoney.com | 7 Feb 2008 | 11:59 am
BBC Worldwide, the commercial arm of the BBC, confirms it is in talks with private equity groups.
Source:
BBC News | Business | World Edition | 7 Feb 2008 | 11:57 am
Read full story for latest details.
Source:
Business and financial news - CNNMoney.com | 7 Feb 2008 | 11:55 am
E.On becomes the latest of the big energy firms to increase prices of gas and electricity.
Source:
BBC News | Business | World Edition | 7 Feb 2008 | 11:53 am
Wheat and platinum prices continued their record breaking runs on Thursday while gold traded above the $900 level and oil prices consolidated after falling in the previous session following a huge increase...
Source:
Infocious RSS raw feed - channel BNPaperBusiness | 7 Feb 2008 | 11:33 am
Tech stocks were poised to keep sinking at Thursday's open after bellwether Cisco Systems warned of slower growth, but blue chips looked set to end a three-day slide.
Source:
Business and financial news - CNNMoney.com | 7 Feb 2008 | 11:32 am
Rolls-Royce has lifted its final dividend by 51pc, despite unveiling a tumble in full-year profits from £1.39bn to £733m.
Source:
Telegraph Business | 7 Feb 2008 | 11:30 am
Microsoft's takeover bid would be hard to refuse, but there are escape routes for the Internet giant.
Source:
Business and financial news - CNNMoney.com | 7 Feb 2008 | 11:21 am
NEW YORK (Reuters) - D.R. Horton Inc , the largest U.S. home builder, posted a quarterly loss on Thursday as it took $245.5 million in inventory charges and write-offs of land option contracts.
Source:
Reuters: Business News | 7 Feb 2008 | 11:21 am
Just another pipe dream in PowerPoint: That's what Merck's recovery plan looked like in 2004. At the company's annual meeting with Wall Street analysts that December, then-CEO Ray Gilmartin unveiled Merck's lineup of future medicines. The audience was skeptical. The company had missed three quarterly earnings targets and had been forced to cancel two late-stage research programs for promising drugs. Analysts were in a "show me" mood.
Source:
Business and financial news - CNNMoney.com | 7 Feb 2008 | 11:19 am
Why did you quit your last job - assuming you left voluntarily? According to a recent study of 93 big companies by human-resources consultants Watson Wyatt (www.watsonwyatt.com), the No. 1 reason why people quit is excessive stress. Yet employers seem unaware of this, or in denial: When asked why they thought employees were leaving, most HR managers gave insufficient pay and lack of career development, including promotions, as the main reasons.
Source:
Business and financial news - CNNMoney.com | 7 Feb 2008 | 11:19 am
Read full story for latest details.
Source:
Business and financial news - CNNMoney.com | 7 Feb 2008 | 11:16 am
Read full story for latest details.
Source:
Business and financial news - CNNMoney.com | 7 Feb 2008 | 11:16 am
LONDON (MarketWatch) -- U.S. stocks futures signaled a mixed performance on Thursday, with technology shares bruised by Cisco Systems' cautious outlook while the broader market awaited another slew of earnings reports as well as sales figures from the nation's top retailers.
Source:
MarketWatch.com - Top Stories | 7 Feb 2008 | 11:16 am
Deutsche Bank said it had successfully avoided any major write-downs in the fourth-quarter and stuck to its earnings target in the face of tough market conditions as its latest profit largely matched expectations.
Source:
MarketWatch.com - Top Stories | 7 Feb 2008 | 11:11 am
LONDON (Reuters) - Oil held above $87 a barrel on Thursday after two days of losses, as production shutdowns in Nigeria and the North Sea outweighed growing evidence of weaker demand in the world's top oil consumer, the United States.
Source:
Reuters: Business News | 7 Feb 2008 | 11:10 am
Nato's secretary-general rejected criticism from Robert Gates after the US defence secretary warned that Nato risked becoming a 'two-tier' alliance unless some members were willing to send more troops for the campaign to defeat the Taliban in Afghanistan.
Source:
FT.com - US homepage | 7 Feb 2008 | 11:05 am
If there are any bright spots on the horizon for consumer spending, they will not be found in January's retail sales numbers.
Macy's announcement on Wednesday that same store sales were down 7.1 percent for January will set the tone for today, when the bulk of the nation's retail chains report sales for the month.
The parent of Macy's and Bloomingdale's stores and the country's largest department store operator also said that was eliminating 2,550 jobs, or about 1.4 percent of its work force, as it consolidates its divisional central office organizations.
January is always a low-volume month for sales, but high food and fuel prices, a weak housing market, and recession fears sweeping the country will have provided extra reasons for consumers to keep their wallets closed this year.
Department stores and women's apparel will likely continue to perform the weakest, with
J.C. Penney and
Kohl's now expected to come in below even dismal targets for the month. Earlier this week Thomas Weisel Partners lowered its rating on Kohl's to "market weight" from "overweight," saying that it expects January comparable store sales to be weak.
Abercrombie & Fitch will probably perform better than both
American Eagle Outfitters and the
Gap, which have been hard hit by stagnant consumer spending in recent months.
Saks' up-market clientele do not seem to be curtailing their spending just yet, but
Nordstrom sales are expected to stumble as recession fears continue to climb into higher tax brackets.
As consumers look for ways to cut spending, discounters will continue to be the biggest winners. The overall category is expecting to have posted a 2.3 percent gain in January, according to Thomson Financial.
TJX -- the parent of TJMaxx and Marshall's -- and
Wal-Mart Stores are expected as some of the biggest winners, with Target likely be weaker.
Poor January sales will serve as yet another reminder, alongside recent housing and jobs data, that the economy is slowing and perhaps sliding into a recession.
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Source:
Portfolio.com: Top 5 | 7 Feb 2008 | 11:00 am
The euro erases small losses against major counterparts, with markets awaiting the European Central Bank's decision on interest rates.
Source:
MarketWatch.com - Top Stories | 7 Feb 2008 | 10:47 am
Gordon Brown has been dealt another humiliating blow in his efforts to avoid nationalising Northern Rock after the Office for National Statistics announced it is treating the stricken bank as a 'public financial corporation'.
Source:
Telegraph Business | 7 Feb 2008 | 10:45 am
The pound lost ground on Thursday after a surprise fall in UK industrial output fuelled expectations that the Bank of England would cut interest rates. Data revealed UK manufacturing output dropped by...
Source:
Infocious RSS raw feed - channel BNPaperBusiness | 7 Feb 2008 | 10:43 am
Fed boss Ben Bernanke is monitoring problems at bond insurers that may see more sub-prime banking losses.
Source:
BBC News | Business | World Edition | 7 Feb 2008 | 10:42 am
NEW YORK/SAN FRANCISCO (Reuters) - Cisco Systems Inc gave a disappointing outlook on Wednesday and warned of a rapid slowdown in U.S. and European orders, driving its shares down 8 percent and adding to broader fears of a U.S. recession.
Source:
Reuters: Business News | 7 Feb 2008 | 10:42 am
Reuters - Stock futures pointed to a mixed
opening on Thursday ahead of a slew of earnings and with
technology stocks in focus after Cisco Systems' grim
outlook fuelled recession fears.
Source:
Yahoo! News: Business | 7 Feb 2008 | 10:42 am
FRANKFURT (Reuters) - Stock futures pointed to a mixed opening on Thursday ahead of a slew of earnings and with technology stocks in focus after Cisco Systems' grim outlook fuelled recession fears.
Source:
Reuters: Business News | 7 Feb 2008 | 10:41 am
London equities were lower on Thursday morning as cautious investors awaited the Bank of England's interest rate decision at midday. The Bank's monetary policy committee is widely expected to cut the...
Source:
Infocious RSS raw feed - channel BNPaperBusiness | 7 Feb 2008 | 10:31 am
Shares of BT Group Plc fall 8% after the U.K.'s largest phone company posts a sharp drop in first-quarter profit and misses revenue expectations.
Source:
MarketWatch.com - Top Stories | 7 Feb 2008 | 10:25 am
BG Group tripled its estimate of the production output of a giant Brazilian oilfield, and said total group reserves and resources had risen 42 per cent in two years. The Tupi oilfield in the Santos basin...
Source:
Infocious RSS raw feed - channel BNPaperBusiness | 7 Feb 2008 | 10:23 am
Asian stocks fought off another major decline on Thursday despite persistent concerns over the state of the US economy. Most Asian markets were closed for the Lunar New Year holidays. Japan, Australia,...
Source:
Infocious RSS raw feed - channel BNPaperBusiness | 7 Feb 2008 | 10:15 am
BT's shares slide more than 7pc this morning after announcing that it has missed quarterly revenue targets amid fierce competition in the broadband market and a drop in premium rate television phone-ins.
Source:
Telegraph Business | 7 Feb 2008 | 10:10 am
LONDON (Reuters) - Oil rose above $87 a barrel on Thursday after two days of losses, as production shutdowns in Nigeria and the North Sea outweighed growing evidence of weaker demand in the
Source:
Infocious RSS raw feed - channel BNewsBusiness | 7 Feb 2008 | 10:04 am
Shares in Germany's biggest chipmaker, Infineon Technologies, fall as much as 11% as the group pares its outlook for microchips used for phones and broadband devices.
Source:
MarketWatch.com - Top Stories | 7 Feb 2008 | 9:49 am
Reuters - InBev , the world's
second-largest beer producer by volume, and U.S. Anheuser-Busch
are in talks that could lead to a merger of the two,
Belgian business magazine Trends said on Thursday.
Source:
Yahoo! News: Business | 7 Feb 2008 | 9:43 am
London shares decline for the third time in four sessions as earnings from Yell Group and BT Group pressure sentiment amid worries about revenue growth.
Source:
MarketWatch.com - Top Stories | 7 Feb 2008 | 9:43 am
BRUSSELS (Reuters) - InBev , the world's second-largest beer producer by volume, and U.S. Anheuser-Busch are in talks that could lead to a merger of the two, Belgian business magazine Trends said on Thursday.
Source:
Reuters: Business News | 7 Feb 2008 | 9:42 am
BRUSSELS (Reuters) - InBev , the world's second-largest beer producer by volume, and U.S. Anheuser-Busch are in talks that could lead to a merger of the two, Belgian business magazine...
Source:
Infocious RSS raw feed - channel BNewsBusiness | 7 Feb 2008 | 9:42 am
Deutsche Bank, Germany's top lender, said Thursday it had stemmed losses from the US subprime mortgage debacle and made a record profit last year, putting it in a strong position for growth
Source:
Infocious RSS raw feed - channel BNewsBusiness | 7 Feb 2008 | 9:38 am
SYDNEY (Reuters) - A day after BHP Billiton Ltd/Plc launched the second costliest corporate takeover in history, analysts and industry executives reckoned the world's biggest miner...
Source:
Infocious RSS raw feed - channel BNewsBusiness | 7 Feb 2008 | 9:30 am
SYDNEY (Reuters) - A day after BHP Billiton Ltd/Plc
launched the second costliest corporate takeover in history,
analysts and industry executives reckoned the world's biggest
miner may have to dig a little deeper into its pockets to win
rival Rio Tinto Ltd/Plc .
Source:
Reuters: Business News | 7 Feb 2008 | 9:30 am
Reuters - A day after BHP Billiton Ltd/Plc
launched the second costliest corporate takeover in history,
analysts and industry executives reckoned the world's biggest
miner may have to dig a little deeper into its pockets to win
rival Rio Tinto Ltd/Plc .
Source:
Yahoo! News: Business | 7 Feb 2008 | 9:29 am
Two Chinese firms and a US food importer are indicted in the US for their alleged role in a tainted pet food scandal.
Source:
BBC News | Business | World Edition | 7 Feb 2008 | 9:28 am
BT Group reported a 30 per cent fall in pre-tax profits, and missed revenue targets for the third quarter as competition in the broadband market and a decline in premium-rate calls hit the company. ...
Source:
Infocious RSS raw feed - channel BNPaperBusiness | 7 Feb 2008 | 9:25 am
The Bank of England (BoE) was widely forecast to reduce the level of its key interest rate on Thursday as it attempts to keep a lid on inflation amid fears of an economic slowdown.
Source:
Infocious RSS raw feed - channel BNewsBusiness | 7 Feb 2008 | 9:23 am
British Land has announced the first fall in the value of its portfolio for 14 years, and swung to a £1.3bn pre-tax loss as the values of its property fell in the wake of the credit crunch and economic slowdown
Source:
Telegraph Business | 7 Feb 2008 | 9:06 am
Traders are still cautious but hope for turnaround as dividend season approaches
Source:
Telegraph Business | 7 Feb 2008 | 9:00 am
HONG KONG (MarketWatch) - Stocks in Tokyo nudged higher Thursday led by gains in cellular telecom operators while a rebound in shares of mining giant BHP Billiton helped Australia's leading share benchmark pare losses.
Source:
MarketWatch.com - Top Stories | 7 Feb 2008 | 8:59 am
Japan's Nikkei rose on Thursday, but most Asian exchanges were closed for the lunar new year.
Source:
SmartMoney.com | 7 Feb 2008 | 8:58 am
LONDON (MarketWatch) - European shares fell for the second time in three sessions on Thursday, as earnings from local heavyweights like BT Group and Infineon Technologies as well as overseas giants like Cisco Networks casting a mostly negative shadow on stocks.
Source:
MarketWatch.com - Top Stories | 7 Feb 2008 | 8:55 am
LONDON (MarketWatch) - Unilever on Thursday reported a 65% drop in fourth-quarter net income after selling its European frozen-food business, but the consumer products giant unveiled a heartening rise in comparable sales growth after jacking up prices.
Source:
MarketWatch.com - Top Stories | 7 Feb 2008 | 8:42 am
Germany´s largest bank reported a 25% drop in fourth-quarter pre-tax income, but escaped further heavy write-downs that have dogged many of its US and European investment banking peers
Source:
FT.com - US homepage | 7 Feb 2008 | 8:40 am
Deutsche Bank on Thursday reported a 25 per cent drop in fourth-quarter pre-tax income, but escaped further heavy writedowns that have dogged many of its US and European investment banking peers and reconfirmed...
Source:
Infocious RSS raw feed - channel BNPaperBusiness | 7 Feb 2008 | 8:40 am
A critically ill former Yukos oil company executive being tried for embezzlement is to be transferred from prison to a regular hospital, officials said Thursday, following pressure from...
Source:
Infocious RSS raw feed - channel BNewsBusiness | 7 Feb 2008 | 8:28 am
NEW YORK/LONDON (Reuters) - Standard & Poor's Ratings Services, a unit of the McGraw-Hill Companies Inc is set to announce changes to boost the integrity of its research, such as...
Source:
Infocious RSS raw feed - channel BNewsBusiness | 7 Feb 2008 | 8:23 am
NEW YORK/LONDON (Reuters) - Standard & Poor's Ratings Services, a unit of the McGraw-Hill Companies Inc is set to announce changes to boost the integrity of its research, such as rotating analysts' coverage, newspapers said on Thursday.
Source:
Reuters: Business News | 7 Feb 2008 | 8:23 am
A digital product similar to the print version is posted on MySpace. Results are good. ...
Source:
Infocious RSS raw feed - channel BNPaperBusiness | 7 Feb 2008 | 8:00 am
Many people who start a small business don't realize what they're getting into, including the need to collect on bills. ...
Source:
Infocious RSS raw feed - channel BNPaperBusiness | 7 Feb 2008 | 8:00 am
NEW YORK (Reuters) - General Motors Corp is planning for half its cars in the United States to be running on ethanol by 2012, the Associated Press reported.
Source:
Infocious RSS raw feed - channel BNewsBusiness | 7 Feb 2008 | 7:59 am
NEW YORK (Reuters) - General Motors Corp is planning for half its cars in the United States to be running on ethanol by 2012, the Associated Press reported.
Source:
Reuters: Business News | 7 Feb 2008 | 7:59 am
Deutsche Bank reports a 48% drop in profits as the global credit squeeze hits its investment earnings.
Source:
BBC News | Business | World Edition | 7 Feb 2008 | 7:11 am
NEW YORK (Reuters) - Stock indexes dropped for a third straight session on Wednesday after Federal Reserve officials cast doubt on the outlook for more interest rate cuts, driving the...
Source:
Infocious RSS raw feed - channel BNewsBusiness | 7 Feb 2008 | 7:07 am
under its own brand name after leasing space in dozens of stores to outside companies that operate the quick-service health stops. The world's largest retailer said Thursday it will...
Source:
Infocious RSS raw feed - channel BNewsBusiness | 7 Feb 2008 | 6:47 am
US department store chain Macy's is to cut 2,300 jobs, as it announces a 7.1% fall in sales in January.
Source:
BBC News | Business | World Edition | 7 Feb 2008 | 6:42 am
AP - Worker productivity, the key factor in rising living standards, slowed sharply in the final three months of the year as overall economic activity weakened considerably while labor pressures increased.
Source:
Yahoo! News: Business | 7 Feb 2008 | 3:54 am
The US Senate fails to agree on a different version of the White House-backed economic stimulus plan.
Source:
BBC News | Business | World Edition | 7 Feb 2008 | 3:29 am
Pakistan has refused a US request to conduct joint military operations in its lawless northern tribal regions where al-Qaeda and Taliban militants have become increasingly active
Source:
FT.com - US homepage | 7 Feb 2008 | 1:56 am
Rio Tinto rejects raised BHP bid
Source:
Investor's Business Daily: BUSINESS | 7 Feb 2008 | 1:30 am
Pediatrix Medical Group (PDX), a health care services firm, said its Q4 EPS rose 26% to 82 cents ex items, beating views by 2 cents. Revenue rose...
Source:
Investor's Business Daily: BUSINESS | 7 Feb 2008 | 1:30 am
Americans not into the outdoors
Source:
Investor's Business Daily: BUSINESS | 7 Feb 2008 | 1:30 am
WMS INDUSTRIES (WMS), a slot machine maker, said Q2 EPS rose 35% to 27 cents, beating views by 2 cents. Revenue rose 18% to $159 mil, above views....
Source:
Investor's Business Daily: BUSINESS | 7 Feb 2008 | 1:30 am
Medicare and Medicaid reimbursement get lower. Nursing shortages are acute. And costs keep rising.
Source:
Investor's Business Daily: BUSINESS | 7 Feb 2008 | 1:30 am
Shares of the CME Group, the world's largest futures exchange, fell nearly 18 per cent as its chief executive hit back at a government proposal to prevent exchanges such as his from owning clearing houses
Source:
FT.com - US homepage | 7 Feb 2008 | 1:26 am
Reuters - Cisco Systems Inc
gave a disappointing outlook on Wednesday and warned
of a rapid slowdown in U.S. and European orders, driving its
shares down 8 percent and adding to broader fears of a U.S.
recession.
Source:
Yahoo! News: Business | 7 Feb 2008 | 1:23 am
Delta Air Lines and Northwest Airlines are closing in on an agreement to merge the two US carriers, people familiar with the discussions said
Source:
FT.com - US homepage | 7 Feb 2008 | 1:19 am
Hillary Clinton has dipped into her own pockets to finance her presidential bid, lending her campaign $5m in the run-up to this week's Super Tuesday primary votes
Source:
FT.com - US homepage | 7 Feb 2008 | 1:15 am
MBIA, the world's largest bond insurer, announced plans to raise $750m in equity in an effort to stave off cuts to its triple A credit ratings
Source:
FT.com - US homepage | 7 Feb 2008 | 1:02 am
Nursing home group Healthcare Homes could be about to change hands for an estimated £80m.
Source:
Telegraph Business | 7 Feb 2008 | 1:01 am
Engineering group FKI is attempting to improve its rating with promises of a strong growth in full-year trading after a 70p-a-share offer from rival Melrose.
Source:
Telegraph Business | 7 Feb 2008 | 1:01 am
Billionaire Warren Buffett has accused major investment banks of creating their own downfalls through the collapse in the US sub-prime mortgage market.
Source:
Telegraph Business | 7 Feb 2008 | 12:11 am
The Government yesterday paved the way for Crossrail to be extended from Maidenhead to Reading.
Source:
Telegraph Business | 7 Feb 2008 | 12:01 am
PepsiCo reported lower quarterly profit Thursday, hurt by a higher tax rate and a decline in sales volume of carbonated soft drinks. 
AFP - US retailer Macy's said Wednesday it was cutting 2,300 jobs as it vies to overhaul its operations and cut costs amid a slowing economy.
AFP - German luxury car maker BMW unveiled details Wednesday of a broad cost-savings plan that includes a sharp cut in personnel expenses.
