Dollar Is Close to 3-Week Low Against Euro After Fed Decision "The dollar traded near a three-week low against the euro after the Federal Reserve lifted its interest-rate target by a quarter point to 1.25 percent and suggested it may stick to increases of a similar size this year." Bloomberg
06-30-2004 | E-mail | Item
Microsoft Wins Appellate Ruling Upholding Antitrust Settlement " Microsoft Corp.'s settlement of the U.S. government's 6-year-old antitrust case was upheld by a federal appeals court that rejected proposals by Massachusetts for tougher restrictions on the world's largest software maker." Bloomberg
06-30-2004 | E-mail | Item
Fed Lifts Rates, Pledges Gradual Course "The Federal Reserve raised U.S. interest rates for the first time in four years on Wednesday, boosting them a quarter percentage point in what likely is the first of several rises to keep inflation at bay." Yahoo
06-30-2004 | E-mail | Item
KKR Buys German Auto Store $1.75 Billion "U.S. private equity firm Kohlberg Kravis Roberts has bought German car part retailer Auto-Teile-Unger (ATU) for $1.75 billion, KKR said on Wednesday, after a plan to sell ATU shares in the stock market foundered." Yahoo
06-30-2004 | E-mail | Item
Saudi Says Oil Prices Are Fair "Top world oil exporter Saudi Arabia, which has boosted supply to cool prices, believes the market has now fallen to a fair value and sees no reason to change its production level, Saudi Oil Minister Ali al-Naimi said Wednesday." Reuters
06-30-2004 | E-mail | Item
More U.S. jobs seen in June, buoying Bush "U.S. employment likely surged again in June, taking gains this year to some 1.4 million jobs and bolstering President George W. Bush's economic record ahead of the November election, analysts said on Wednesday." Yahoo
06-30-2004 | E-mail | Item
Mortgage Applications Fall "New applications for U.S. mortgages fell more than 4 percent last week reversing two straight weeks of increases, as interest rates on the 30-year mortgages were unchanged, an industry group said on Wednesday." Yahoo
06-30-2004 | E-mail | Item
UK economy tops growth estimates "GDP rose by 0.7% on the quarter and year-on-year growth was revised upwards to 3.4%, the Office for National Statistics (ONS) reported." BBC
06-30-2004 | E-mail | Item
Sears to Pay Kmart Up to $621 Mln in Deal "Kmart Holding Corp. has agreed to sell up to 54 stores to Sears, Roebuck and Co. for up to $621 million, the companies said on Wednesday, a deal that gives Kmart more cash and Sears more room to expand." Reuters
06-30-2004 | E-mail | Item
Saddam, 11 Others Turned Over to Face Iraqi Justice "Saddam Hussein appeared before an Iraqi judge Wednesday as Iraq's newly sovereign government took the first step toward bringing him to justice -- and a possible death penalty -- for 35 years of killing and torture." Reuters
06-30-2004 | E-mail | Item
Dollar Falls Versus Euro as Traders See `Measured' Fed Policy "The dollar fell the most in two weeks against the euro on speculation the U.S. currency's first back-to- back quarterly rally since 2002 already reflects forecasts for higher interest rates. The dollar also dropped against the British pound." Bloomberg
06-30-2004 | E-mail | Item
Chicago Purchasers Index Declines More Than Forecast "An index of growth for Chicago-area manufacturers and other businesses fell more than forecast this month after reaching a 16-year high, reflecting a slowdown in orders and production." Bloomberg
06-30-2004 | E-mail | Item
Fed May Target Inflation After Greenspan Exits, McCulley Says "The Federal Reserve may define an inflation target to help clarify its approach to monetary policy once Chairman Alan Greenspan leaves the central bank, said Paul McCulley, a Pacific Investment Management Co. managing director." Bloomberg
06-30-2004 | E-mail | Item
Iraq Remains on Treacherous Path After Handover "The U.S. administration's low key handover of power in Iraq, said by President Bush to usher in a new reign of freedom, leaves the Arab nation on a treacherous path to stability, U.S. experts said." Reuters
06-30-2004 | E-mail | Item
Powell Warns Sudan to End Backing for Darfur Militias "Secretary of State Colin L. Powell, warning that thousands of people are condemned to die in the strife-torn Darfur region even with an immediate influx of aid, met Tuesday night with Lt. Gen. Omar Hassan Bashir, Sudan's president, to deliver a blunt message that the situation has become intolerable." Washingtonpost
06-30-2004 | E-mail | Item
Study: Toyota Most Dependable Automaker "Toyota Motor Corp. remains the automaker with the most dependable vehicles, led by its Lexus luxury brand, though Detroit's Big Three manufacturers all showed improvement in the past year, according to the latest J.D. Power and Associates vehicle dependability study released Tuesday." AP
06-30-2004 | E-mail | Item
Dollar Strengthens Ahead of Fed "Upbeat consumer confidence data in the United States, ahead of a widely anticipated rise in interest rates, supported the dollar on Wednesday, while Asian tech shares matched strong gains in their U.S. peers." Reuters
06-30-2004 | E-mail | Item
Carlyle, Providence Will Each Buy 27% PanAmSat Stakes "Carlyle Group and Providence Equity Partners each will pay $953 million for 27 percent stakes in satellite operator PanAmSat Corp. after losing to Kohlberg, Kravis, Roberts & Co. in bidding for control of the company." Bloomberg
06-30-2004 | E-mail | Item
NASD Fines UBS, Merrill, 6 Others in Muni Mark-ups "UBS AG, Merrill Lynch & Co. and six other firms were ordered to pay $610,000 in fines and restitution after securities regulators found investors received below-market prices for their municipal bonds." Bloomberg
06-30-2004 | E-mail | Item
UN Chopper Crash in Sierra Leone Jungle Kills 24 "A helicopter carrying United Nations staff and air workers crashed into a hillside in Sierra Leone Tuesday, killing all 24 people aboard, U.N. officials said." Yahoo
06-29-2004 | E-mail | Item
Oil slips to 2-mth low at $35.80 "Oil prices dropped to their lowest in more than two months on Tuesday as the handover of power to Iraq’s interim government raised hopes for less sabotage and steadier exports, and reinforced indications of healthier world supply." The Economic Times
06-29-2004 | E-mail | Item
Fed Opens Meeting, Rate Hike Expected "The Federal Reserve began a two-day meeting on Tuesday that is widely expected to end with a quarter percentage point increase in official interest rates, ending a period of the lowest rates in two generations." Reuters
06-29-2004 | E-mail | Item
Saddam to Be Charged by Iraqi Judge on Thursday "Saddam Hussein will be handed over to Iraqi justice Wednesday, two days after the country regained sovereignty from Washington, but U.S. soldiers will still guard him to ensure he does not escape." Reuters
06-29-2004 | E-mail | Item
Consumers Confident But Spending Still Cool "U.S. consumers felt more confident about the economy this month than at any time in the last two years, but retail sales have cooled significantly, with major stores blaming unseasonable weather and slow Father's Day sales." Reuters
06-29-2004 | E-mail | Item
Credit Card Delinquencies Fall in 1Q "With the economy clearly in recovery mode, the percentage of credit card payments that were past due in the first quarter of this year fell sharply, an improvement after two previous quarters of record-high delinquency rates." AP
06-29-2004 | E-mail | Item
Crude Oil Falls to 2-Month Low After Iraq Sovereignty Transfer "New York crude oil futures plunged to a two-month low after the U.S.-led coalition authority handed sovereignty to Iraq two days ahead of schedule, tempering concern that terrorists would disrupt the country's petroleum operations." Bloomberg
06-29-2004 | E-mail | Item
Japan Unemployment Rate Falls in May "Japan's unemployment rate edged down to 4.6 percent in May, its lowest level in almost four years, the government said Tuesday, amid growing signs the country's economy is recovering." AP
06-29-2004 | E-mail | Item
Canada's Liberals Lose Parliament Control "The Liberal Party lost outright control of Parliament on Monday, ending an 11-year monopoly on power, but easily won the largest share of seats and will now try to lead Canada's first minority government since 1979." AP
06-29-2004 | E-mail | Item
Israel Tanks Enter Gaza; Palestinian Dies "Under cover of machine gun fire, Israeli tanks rolled into northern Gaza and gunships fired missiles at two buildings early Tuesday in what the military called a major drive to prevent Palestinian rocket fire from hitting Israel's border towns. One Palestinian was killed and one wounded, security officials said." AP
06-29-2004 | E-mail | Item
U.S. Resumes Relations With Libya "The United States resumed direct diplomatic ties with Libya on Monday after a 24-year break, even as the Bush administration pursued reports that Moammar Gadhafi had taken part in a plot to assassinate Saudi Arabia's crown prince." AP
06-29-2004 | E-mail | Item
Yen Drops on Output Data "Unexpectedly weak Japanese economic data hurt the yen and Tokyo stocks on Tuesday, while oil prices sank as a new government in Iraq ramped up output from repaired pipelines after a surprise early handover of power." Reuters
06-29-2004 | E-mail | Item
Militants Say U.S. Soldier 'Executed' in Iraq "An Arabic television station broadcast a video tape showing what militants said was the execution of a U.S. soldier, hours after the United States formally handed sovereignty to an interim Iraqi government." Reuters
06-29-2004 | E-mail | Item
Dollar Slips on Signs Inflation Is Muted "The dollar weakened on Monday after a U.S. economic report showed inflation to be tame enough to confirm market expectations that the Federal Reserve would for now take a measured approach in raising interest rates." Reuters
06-28-2004 | E-mail | Item
Treasuries Recoil from Signs of Inflation "Treasury debt prices slipped on Monday after a key reading on U.S. inflation proved higher than many expected as any sign of inflation is corrosive to debt that pays a fixed income." Yahoo
06-28-2004 | E-mail | Item
China tops US in investment table "China overtook the US as the biggest recipient of foreign direct investment in 2003, the Organisation of Economic Co-operation and Development has found." BBC
06-28-2004 | E-mail | Item
Close call in Canadian elections "Canadians have begun voting to elect a new government in what could turn out to be one of the closest elections in recent history there." BBC
06-28-2004 | E-mail | Item
United Loses Bid for Loan Guarantee "United Airlines on Monday lost a bid to secure a federal loan guarantee, a fresh setback to the carrier's efforts to emerge from bankruptcy. The decision by a federal panel barred the airline from making any other attempts to secure government backing." AP
06-28-2004 | E-mail | Item
Iraq Regains Sovereignty After 15-Month Occupation "The U.S.-led coalition formally ended its occupation of Iraq today by handing sovereignty to an interim government, unexpectedly moving up the transfer by two days to thwart terrorism and give the initiative to the new leadership." Bloomberg
06-28-2004 | E-mail | Item
Crude Oil Plunges After Early Transfer of Iraq Sovereignty "Crude oil futures in New York fell after the U.S.-led coalition authority handed sovereignty over to Iraq two days ahead of schedule, tempering concern that terrorists would disrupt the country's petroleum operations." Bloomberg
06-28-2004 | E-mail | Item
U.S. May Spending Rises 1%; Inflation Accelerates "U.S. personal spending rose 1 percent last month, the biggest rise since October 2001, and a gauge of inflation increased, matching the largest gain in almost 14 years." Bloomberg
06-28-2004 | E-mail | Item
Saddam to Be Given to Iraq Police Soon, CBS Says "Saddam Hussein will be handed over to Iraqi police by the United States in a process designed to show Iraqis their former leader in handcuffs and under Iraqi control, CBS reported on Sunday." Yahoo
06-28-2004 | E-mail | Item
Reports: Billions of Iraqi Funds Missing "Billions of dollars belonging to Iraq is not accounted for by the Coalition Provisional Authority, which was given responsibility by the United Nations for the country's finances, British lawmakers and aid activists said Monday." AP
06-28-2004 | E-mail | Item
Reformist Wins Serbia President Election "A pro-Western reformer won Serbia's presidential run-off election Sunday, defeating a hard-line nationalist ally of former autocrat Slobodan Milosevic." AP
06-28-2004 | E-mail | Item
Dollar Shackled at Start of Busy Week "The dollar shuffled in well-worn ranges on Monday, keeping some distance from a recent 10-week low versus the yen as market players looked to a series of heavy-weight events later in the week for direction." Reuters
06-28-2004 | E-mail | Item
Japan Stocks Firm Ahead of 'Tankan' "Japanese stocks were slightly firmer by midsession on Monday in subdued trade, with institutional investors mostly absent ahead of key events later this week including a quarterly Bank of Japan (BOJ) survey." Reuters
06-28-2004 | E-mail | Item
Moore's `Fahrenheit 9/11' Is No. 1 at the Box Office "Michael Moore's film ``Fahrenheit 9/11,'' which criticizes President George W. Bush's response to terrorism, was the top movie in the U.S. and Canada this weekend with $21.8 million in sales, the best documentary opening ever." Bloomberg
06-28-2004 | E-mail | Item
U.S. Retail Gasoline Falls to $1.94 a Gallon in Lundberg Survey "The U.S. average retail price for self-serve gasoline fell about 7 cents in the past two weeks to $1.94 a gallon as of Friday, Trilby Lundberg said, citing a survey of about 8,000 filling stations by her research firm in Camarillo, California." Bloomberg
06-28-2004 | E-mail | Item
Yen May Rise; Japan's Factory Production May Have Gained in May "The yen may gain in Asia on speculation a report tomorrow will show Japan's factory output rose for a third month in May as the world's second-largest economy extends its longest recovery since 1997." Bloomberg
06-28-2004 | E-mail | Item
Microsoft Presents New Evidence to Get EU Sanctions Suspended "Microsoft Corp., the world's largest software maker, said it submitted new evidence to get a suspension of an antitrust decision in Europe requiring it to offer a version of Windows without media player software." Bloomberg
06-28-2004 | E-mail | Item
Companies Seen Adding More Jobs in May: U.S. Economy Preview "The U.S. economy probably added a quarter million jobs this month, helping fuel the income growth that is needed to generate more spending, according to a survey of economists ahead of a Labor Department report Friday." Bloomberg
06-28-2004 | E-mail | Item
EU Temporarily Lifts Microsoft Ruling "The European Union on Sunday temporarily suspended a landmark antitrust decision against Microsoft Corp., pending a judge's decision on whether sanctions should be delayed until the company's appeals are exhausted." Yahoo
06-27-2004 | E-mail | Item
Car Bomb Blasts South of Baghdad Kill 40 -US Army "Some 40 people were killed by twin car bombs south of Baghdad in the latest attempt to derail the transition to an Iraqi government in three days' time, the U.S. military said Sunday." Yahoo
06-27-2004 | E-mail | Item
Iraq Militants Threaten to Behead 3 Turk Hostages " Suspected militants from Abu Musab al-Zarqawi's group have kidnapped three Turks in Iraq and are threatening to behead them unless Ankara pulls out all forces within 72 hours, Al Jazeera television said on Saturday." Yahoo
06-26-2004 | E-mail | Item
Canada Liberals, Conservatives in dead heat -polls "Canadian Prime Minister Paul Martin's Liberals were leading the rival Conservatives by 1 percentage point or less before Monday's national election, polls released on Saturday showed." Yahoo
06-26-2004 | E-mail | Item
Lockheed Martin Cancels $1.66 Bln Purchase of Titan "Lockheed Martin Corp., the largest U.S. defense contractor, called off its $1.66 billion purchase of Titan Corp. after Titan failed to settle a criminal probe into whether its consultants bribed foreign officials." Bloomberg
06-26-2004 | E-mail | Item
Microsoft in Court Over EU Sanctions "Microsoft Corp asked a European court on Friday to suspend the European Commission's decision that orders the software giant to change the way it sells Windows software, according to sources familiar with the situation." Reuters
06-26-2004 | E-mail | Item
Bears Argue Their Case For Caution "For the 1,100 financial advisers gathered in Chicago for the 16th annual Morningstar Investment Conference on Thursday and Friday, gloomy forecasts for stocks and bonds seemed to drown out the bullish crowd." Yahoo
06-26-2004 | E-mail | Item
What Keeps Greenspan Up At Night "He'll likely start off with a quarter-percentage-point increase in the federal funds rate, to 1 1/4%, at the Fed's June 29-30 meeting, then follow that up with as many bite-size, easily digestible hikes as needed." Yahoo
06-26-2004 | E-mail | Item
Ryan Resigns From U.S. Senate Race Amid Sex Club Allegations "U.S. Senate candidate Jack Ryan resigned from the race to represent Illinois after his ex-wife said in recently released court documents that he pressured her to attend sex clubs and have sex with him in front of others." Bloomberg
06-26-2004 | E-mail | Item
Bush Lands in Ireland for EU-U.S. Summit "President Bush flew into Ireland Friday for a summit with European Union leaders that has sparked protests and rekindled anger over American policy in Iraq and the Middle East." Yahoo
06-25-2004 | E-mail | Item
Oil Heads for Biggest Weekly Drop in 3 Months as Strike Ends "Crude oil traded in New York fell, heading for the biggest weekly drop in three months, after the Norwegian government halted a week-old strike that cut more than 10 percent of production by the world's third-largest exporter." Bloomberg
06-25-2004 | E-mail | Item
HSBC, Unlike Fed, Sees Housing Bubble "Economists at HSBC on Friday waded into the debate over whether the U.S. housing market is over-inflated, declaring a bubble exists, something the Federal Reserve has been reluctant to do." Yahoo
06-25-2004 | E-mail | Item
FOREX-Dollar firm but unmoved by strong homes data "The dollar kept a strong tone but traded in a tight range on Friday despite a surprising jump in U.S. existing homes sales and a slightly stronger than expected reading of consumer sentiment." Yahoo
06-25-2004 | E-mail | Item
Consumer Confidence Up in June "The closely watched University of Michigan's full-month report on consumer sentiment during June showed a reading of 95.6, after the 95.2 seen in the preliminary report on June sentiment and the 90.2 seen in May." AP
06-25-2004 | E-mail | Item
Over 70 People Killed in Crash in Iran "A tanker truck carrying gasoline crashed into packed buses in southern Iran and erupted in flames, killing 71 people, news reports said Friday. Another 108 people were injured, many suffering severe burns." AP
06-25-2004 | E-mail | Item
Medicare Lottery to Cover 50,000 People "The Bush administration will give "50,000 lucky individuals" chosen in a lottery up to a 16-month jump on Medicare prescription drug coverage, paying for costly medications for cancer and other illnesses this year." AP
06-25-2004 | E-mail | Item
Stocks Rise on Consumer, Housing Data "U.S. stocks were higher on Friday as positive consumer confidence and housing figures supported sentiment, although growth figures came in below expectations." Reuters
06-25-2004 | E-mail | Item
Norway Ends Eight-Day Oil Strike "Norway's government ordered an immediate halt to an eight-day oil and gas strike on Friday, averting a shutdown of output by the world's number three crude exporter." Reuters
06-25-2004 | E-mail | Item
1st-Quarter Growth Slashed, Inflation Up "The U.S. economy grew much more slowly than previously thought in the first quarter and inflation was higher, a government report showed on Friday." Reuters
06-25-2004 | E-mail | Item
U.S. Kills as Many as 25 People in Fallujah Strike "Between 20 and 25 people died in a U.S. air strike today on a building in the Iraqi city of Fallujah that was suspected of being used as a safe house by a group linked to al-Qaeda, AFP said, citing the military." Bloomberg
06-25-2004 | E-mail | Item
May Existing-Home Sales Rise to Record "U.S. sales of previously owned homes unexpectedly rose to a record 6.8 million annual pace in May and the median price rose to an all-time high, adding to evidence that the American consumer is underpinning the economy." Bloomberg
06-25-2004 | E-mail | Item
Cheney Utters 'F-Word' in Senate -- Aides "Vice President Dick Cheney blurted out the "F word" at Democratic Sen. Patrick Leahy of Vermont during a heated exchange on the Senate floor, congressional aides said on Thursday." Yahoo
06-25-2004 | E-mail | Item
Markets complacent on U.S. deficit risks -- Rubin "Financial markets are underestimating the extent of the threat posed by U.S. fiscal and current account deficits, former Treasury Secretary Robert Rubin said on Thursday." Yahoo
06-25-2004 | E-mail | Item
U.S. Senate Passes $416 Bln Fiscal 2005 Defense Spending Bill "The U.S. Senate approved a $416 billion spending bill that would allow the Pentagon to spend an additional $25 billion the Bush administration requested for operations in Iraq and Afghanistan." Bloomberg
06-25-2004 | E-mail | Item
Iraqi Government Stands Firm Against New Attacks, Powell Says "Attacks yesterday targeted Iraqi police and U.S. forces in the capital, Baghdad, and the cities of Mosul, Ramadi, Fallujah and Baqubah. More than 300 people were injured, Brigadier General David Rodriguez, the U.S. Joint Staff deputy director for operations, said at a Pentagon briefing." Bloomberg
06-25-2004 | E-mail | Item
Bush to Name Florida's Porter Goss as CIA Chief "President George W. Bush intends to name U.S. Representative Porter Goss, a former intelligence officer, as the new head of the Central Intelligence Agency, a Bush administration official said." Bloomberg
06-25-2004 | E-mail | Item
Yen Is Near 10-Week High on View Japan Will Extend Its Recovery "The yen traded near a 10-week high against the dollar in Asia, heading for its fifth weekly gain in six, on speculation the world's second-largest economy will extend its longest recovery since 1997." Bloomberg
06-25-2004 | E-mail | Item
Court Blocks Loosened FCC Media Limits "A U.S. appeals court on Thursday refused to allow loosened federal rules on media ownership to take effect, dealing a blow to large broadcasters like News Corp. and Tribune Co. that may be looking to expand their reach." Yahoo
06-24-2004 | E-mail | Item
John Mack Out at Credit Suisse Group "Credit Suisse Group, Switzerland's No. 2 bank, on Thursday stunned Wall Street by saying co-Chief Executive John Mack would leave the company next month and naming Oswald Gruebel its sole CEO." Yahoo
06-24-2004 | E-mail | Item
Court Won't Order Cheney Papers Released "The Supreme Court refused Thursday to order the Bush administration to make public secret details of Vice President Dick Cheney's energy task force, but kept the case alive by sending it back to a lower court." AP
06-24-2004 | E-mail | Item
New U.S. Home Sales Leap to Record High "Sales of new U.S. homes surged well past expectations in May to a record high, as generally rising mortgage interest rates did little to restrain home buying, a government report showed on Thursday." Yahoo
06-24-2004 | E-mail | Item
Rebel Attacks in Five Iraq Cities Kill 75 "Insurgents killed 75 people on Thursday in a wave of attacks across Iraq aimed at sabotaging the handover to Iraqi rule in six days' time." Reuters
06-24-2004 | E-mail | Item
NY Gold Tops $400/oz "COMEX gold vaulted the $400 an ounce barrier Thursday morning to set a two-month high on safe-haven and technical buying as well as anticipation of a U.S. interest rate hike as the quarter closes next week." Yahoo
06-24-2004 | E-mail | Item
Jobless Claims Climb in Latest Week "The number of Americans seeking jobless benefits rose more than expected last week, as those unable to file during the June 11 funeral for President Ronald Reagan lodged delayed applications, the government said on Thursday." Reuters
06-24-2004 | E-mail | Item
China uncovers Olympic corruption "China's auditor general has found that money for Olympic projects has been siphoned off from China's 2003 budget, the state-run media reported." BBC
06-24-2004 | E-mail | Item
Canada court upholds terror law "Canada's Supreme Court has ruled that people can be forced to testify in cases related to national security. It is the first test of the country's new anti-terrorism laws, passed in the wake of the attacks on the United States in 2001." BBC
06-24-2004 | E-mail | Item
UK manufacturing recovery 'slows' "The pace of Britain's manufacturing recovery slowed in June, with total order books and output expectations falling back, according to the CBI." BBC
06-24-2004 | E-mail | Item
America Online Buying Advertising.com "Internet giant America Online Inc. is buying Advertising.com Inc., which provides services to help companies advertise online and measure the results, for $435 million in cash." AP
06-24-2004 | E-mail | Item
8 Detained Servicemen in British Custody "Eight British servicemen who were detained after their boats strayed into Iranian territorial waters have been turned over to British diplomats, officials said Thursday." AP
06-24-2004 | E-mail | Item
Oil Prices Edge Up Amid Norway Turmoil "Oil prices edged up on Thursday as Norwegian employers said they would respond to a strike by locking out all workers next week, threatening to shut off almost all oil and gas output." Reuters
06-24-2004 | E-mail | Item
Turkey Bus Blast Kills 3 People Before NATO Summit "A bomb today exploded on an Istanbul bus killing three people and injuring about 20 others, a police spokesman said, just four days before world leaders congregate in the city for a North Atlantic Treaty Organization summit." Bloomberg
06-24-2004 | E-mail | Item
Treasuries Rise After Drop in Goods Orders, Blasts in Turkey "U.S. Treasuries gained after orders for durable goods unexpectedly dropped, diminishing speculation Federal Reserve interest-rate increases will come faster than expected. Government debt also rose after explosions in Turkey." Bloomberg
06-24-2004 | E-mail | Item
U.S. May Durables Orders Fall 1.6%; Ex-Transport. Down 0.7% "U.S. orders for durable goods unexpectedly dropped 1.6 percent in May, a second consecutive fall, paced by fewer bookings for autos, computers and machinery, a government report showed." Bloomberg
06-24-2004 | E-mail | Item
U.S. May Durable Goods Orders Seen Rising 1.6%, Survey Shows " U.S. orders for durable goods probably rebounded in May on increased bookings for commercial aircraft, machinery and computers, according to a survey of economists ahead of today's government report." Bloomberg
06-24-2004 | E-mail | Item
Trade Official: China Car Imports by 2010 "Cars built in China's low-cost labor market could start pouring into the United States in large volumes by the end of this decade, a senior U.S. trade official said on Wednesday." Reuters
06-23-2004 | E-mail | Item
StockGate: SEC Hearing Cancelled, Berlin Exchange in Touchy Situation With Israeli Companies "The unauthorized listings of public companies on the Berlin Stock Exchange has raised eyebrows and resulted in dozens of companies asking to be "delisted," but that is nothing compared to the touchy diplomatic situation developing following the discovery by Israeli business newspapers that almost two dozen Israeli companies are included." Investor's Business Daily
06-23-2004 | E-mail | Item
Confidence Up, Reversing Decline "Consumer confidence took a sharp turn for the better this week, reversing a monthlong decline amid a moderating trend in gasoline prices." ABCNEWS
06-23-2004 | E-mail | Item
Iran Frees British Sailors After Two Days "Iran released eight British sailors it had detained for illegally entering Iranian waters, but said Wednesday it was keeping their three military patrol boats." AP
06-23-2004 | E-mail | Item
Militant Vows to Assassinate Iraq Premier "A recording purportedly made by the mastermind of bombings and beheadings in Iraq threatened to assassinate Iraq's interim prime minister and fight the Americans 'until Islamic rule is back on Earth.'" AP
06-23-2004 | E-mail | Item
Bank Economists See Gradual Rate Hikes "The American Bankers Association on Wednesday forecast strong U.S. job growth and moderate inflation, and said the Federal Reserve would likely raise interest rates a quarter of a percentage point at its meeting next week." Reuters
06-23-2004 | E-mail | Item
Crude Oil Falls on Report Showing Rising U.S. Inventories "Supplies rose 2.5 million barrels to 305.4 million in the week ended June 18. Stockpiles were expected to increase by 1 million barrels, according to the median of forecasts by 12 analysts in a Bloomberg survey. Inventories were at the highest level since the week ended Aug. 3, 2002." Bloomberg
06-23-2004 | E-mail | Item
AT&T to Stop Competing in Seven States After Ruling "AT&T Corp., the largest U.S. long- distance telephone carrier, said it will stop trying to add residential customers in seven states after losing access to discount rental rates for local-phone lines." Bloomberg
06-23-2004 | E-mail | Item
Mortgage Applications Up, Rates Lower "Applications for U.S. loans to buy homes rose slightly last week amid a marginal drop in U.S. mortgage rates, an industry group said on Wednesday." Yahoo
06-23-2004 | E-mail | Item
Yen Edges Higher But Trade Cautious "The yen edged up against the dollar on Wednesday, but it kept some distance from a two-month high hit earlier in the week as investors looked to the upcoming U.S. rate-setting meeting for clues about direction." Yahoo
06-23-2004 | E-mail | Item
Major Raid Kills 57 in Ingushetia "Heavily armed guerrillas from Chechnya assaulted Russian and local installations in a neighboring region Tuesday, touching off fighting that killed at least 57 people in the deadliest incursion outside Chechen borders in five years." Washingtonpost
06-23-2004 | E-mail | Item
Norway oil strike starts to bite "A strike by offshore rig workers is biting into petroleum output in Norway, the world's third-biggest oil exporter." BBC
06-23-2004 | E-mail | Item
L.A. Times Cuts 190 Jobs at Publications "The Los Angeles Times is eliminating about 190 jobs at its newspaper and community publications as part of a cost-cutting plan ordered by its corporate parent, Chicago-based Tribune Co." AP
06-23-2004 | E-mail | Item
WHO: Africa on Brink of Polio Outbreak "Africa is on the brink of the biggest polio epidemic in years, with the crippling disease hitting Nigeria hard and re-emerging in Sudan's war-ravaged Darfur region, the World Health Organization said Tuesday." AP
06-23-2004 | E-mail | Item
U.S. House Passes $416 Bln Fiscal 2005 Defense Bill "The U.S. House of Representatives today passed a $416 billion spending bill for next fiscal year that includes allowing the Pentagon to immediately spend an extra $25 billion requested by the White House for operations in Iraq." Bloomberg
06-23-2004 | E-mail | Item
Reynolds's Purchase of Brown & Williamson Approved "R.J. Reynolds Tobacco Holdings Inc.'s $3 billion takeover of British American Tobacco Plc's U.S. cigarette unit was approved by federal antitrust enforcers, who rejected a staff recommendation to block the combination." Bloomberg
06-23-2004 | E-mail | Item
UAL Resubmits Loan Guarantee Plan Amid Probe Request "United Airlines resubmitted its application for a U.S. loan guarantee five days after a federal panel rejected the request and as a Republican senator urged an investigation into whether political pressure is being applied." Bloomberg
06-23-2004 | E-mail | Item
Oil Prices Up After Refinery Glitch "Oil prices rose on Tuesday after the shutdown of a gasoline-making unit at a key Texas refinery threatened to tighten supplies in the early days of the U.S. summer driving season." Reuters
06-22-2004 | E-mail | Item
Iraqi Militants Behead Korean Hostage "An Iraqi militant group has beheaded its South Korean hostage, Al-Jazeera television reported Tuesday, just hours after a go-between said the execution had been delayed and there were negotiations for the man's release." AP
06-22-2004 | E-mail | Item
Global Terror Casualties More Than Doubled in 2003, U.S. Says "Casualties from worldwide terrorism more than doubled last year, the U.S. State Department reported as it retracted an earlier statement that there was a decline due to the Bush administration's war on terrorists." Bloomberg
06-22-2004 | E-mail | Item
Dollar Rises Versus Euro, Yen as Traders Anticipate Fed Moves
"The dollar rose against the euro and the yen in New York as traders declined to bet against the U.S. currency, expecting the Federal Reserve next week to begin a series of interest rate increases." Bloomberg
06-22-2004 | E-mail | Item
Wal-Mart Sex-Bias Suit Gets Class Certification "Female employees suing Wal-Mart Stores Inc. for sexual discrimination in pay and promotions since 1998 may join with ex-employees with similar claims and sue the company as a group, a federal judge ruled yesterday." Bloomberg
06-22-2004 | E-mail | Item
Dollar Weaker as Focus Turns to Japan "The dollar edged down against the yen on Tuesday, staying on its back foot as investors focused on Japanese economic strength for trading clues." Reuters
06-22-2004 | E-mail | Item
Australia forecasts record commodity sales in 2005 "Australia raised its export forecast for commodities to a record A$93.4bil next fiscal year as the biggest shipper of beef, coal, iron ore and wool benefits from a weaker currency and surging demand in China." TheStar
06-22-2004 | E-mail | Item
Three British Patrol Boats, Eight Sailors Held by Iran "Iran detained three British military vessels and eight crew members near its boundary with Iraq in the Shatt al Arab waterway on Monday, Iranian state television said. Officials in Tehran alleged that the boats had intruded into Iranian waters." Washingtonpost
06-22-2004 | E-mail | Item
Vivendi Universal Games Lays Off Workers "Vivendi Universal Games has laid off 350 staffers, or 39 percent of its total North American work force, as part of a turnaround plan to reduce costs and position the company for growth, the company said Monday." AP
06-22-2004 | E-mail | Item
22 Killed in Attacks on Russia Government "Heavily-armed militants launched coordinated attacks against police headquarters, border checkpoints and government offices in a Russian region bordering warring Chechnya, authorities said Tuesday. At least 22 people were killed, including three high-ranking officials, and dozens were wounded." AP
06-22-2004 | E-mail | Item
Loews Cineplex Sold for $1.46 Billion "Toronto-based conglomerate Onex, which owns Loews in partnership with Los Angeles-based Oaktree Capital Management, said the two firms will retain Loews' interest in Canadian arm Cineplex Galaxy." Yahoo
06-21-2004 | E-mail | Item
Crude Oil Plunges as Iraq Resumes Exports After Six-Day Halt "Exports started at about 9 a.m. from the Basra Oil Terminal in the Persian Gulf. Flow rates to the facility averaged about 42,000 barrels an hour, according to the U.S.-led Coalition Provisional Authority. Iraq has the world's third-biggest proved oil reserves. A strike in Norway, the world's third-largest exporter, is limiting exports." Bloomberg
06-21-2004 | E-mail | Item
Simon to Buy Chelsea for $3.5 Billion "Simon, which last year dropped an unsuccessful hostile effort to buy rival mall owner Taubman Centers Inc., said it would pay $66 a share for each Chelsea share and operating partnership unit in a mix of cash and Simon securities, including common stock and convertible preferred shares." Yahoo
06-21-2004 | E-mail | Item
Interest rates 'hit house prices' "Rightmove said the price of the average house fell by 0.4%, or £683, during the week as recent rises in interest rates started to take effect." BBC
06-21-2004 | E-mail | Item
Stocks Rise Amid Dearth of Economic News "Stocks rose modestly Monday amid a dearth of economic or earnings news to guide investors. The buying that sparked Friday's rally barely hung on Monday morning, and analysts expected light volume and very little conviction ahead of next week's Federal Reserve meeting, during which the Fed's Open Market Committee was expected to decide on an interest rate hike." AP
06-21-2004 | E-mail | Item
Four U.S. Soldiers Killed, Four Iraqi Contractors Slain in Iraq "Four U.S. soldiers were killed near the central Iraqi town of Ramadi and four Iraqi contractors were slain south of the northern city of Mosul, the U.S.-led occupation authority said at a briefing in Baghdad." Bloomberg
06-21-2004 | E-mail | Item
Pilgrim Baxter to Pay $100 Million in Trading Probe "Pilgrim Baxter & Associates Ltd., a U.S. mutual fund unit of British insurer Old Mutual Plc, agreed to pay $100 million to settle regulators' claims that it allowed favored investors to trade fund shares at the expense of other clients." Bloomberg
06-21-2004 | E-mail | Item
Aetna, Cigna Win at U.S. High Court on Patient Suits "Health-maintenance organizations can't be sued by patients over coverage decisions, the U.S. Supreme Court ruled, shielding insurers such as Aetna Inc. and Cigna Corp. from the prospect of multimillion-dollar damage awards." Bloomberg
06-21-2004 | E-mail | Item
Wachovia Agrees to Purchase SouthTrust for $14.3 Bln "Wachovia Corp., the fourth-biggest U.S. bank, agreed to buy SouthTrust Corp. for $14.3 billion in stock to expand in nine states, including Florida, and speed its entry into Texas." Bloomberg
06-21-2004 | E-mail | Item
Bacardi Agrees to Buy Grey Goose Vodka " Bacardi Limited has agreed to purchase Grey Goose vodka from Sidney Frank Importing Co. for roughly $2 billion, adding another well-known brand of alcohol to its menu, which includes Dewar's scotch and Bombay Sapphire gin." AP
06-21-2004 | E-mail | Item
1st Private, Manned Rocket Set for Launch "Aviation enthusiasts began gathering Sunday in the high desert in hopes of seeing the first flight into space by a privately developed, manned rocket." AP
06-21-2004 | E-mail | Item
Iraq Oil Exports Set to Restart "Engineers have finished repairing one of two sabotaged oil pipelines in southern Iraq and officials expect partial exports to resume early Monday, an Iraqi official in contact with the crew said." Reuters
06-21-2004 | E-mail | Item
Nikkei Average Rises More Than 2 Percent "Tokyo's key Nikkei average rose more than two percent by midday on Monday as a rebound on Wall Street prompted investors to scoop up recently battered technology stocks including Advantest Corp." Reuters
06-21-2004 | E-mail | Item
Iraqi Militants Threaten to Behead South Korean "Iraqi militants threatened on Monday to behead a South Korean hostage within 24 hours if Seoul does not cancel plans to deploy 3,000 troops to northern Iraq, according to videotape on Arabic television station Al Jazeera." Reuters
06-21-2004 | E-mail | Item
U.S. Treasury Investor Sentiment Holds Near Lowest of the Year "Investor sentiment toward the benchmark 10-year U.S. Treasury note held near its most bearish of the year as the Federal Reserve moves closer to raising its key interest rate for the first time in four years." Bloomberg
06-21-2004 | E-mail | Item
Iraq Oil Pipeline Repairs Delayed "Repair work continued on a sabotaged oil export pipeline in southern Iraq on Sunday, preventing exports resuming and depriving the country of its main foreign currency earner, officials said." Reuters
06-20-2004 | E-mail | Item
Iraq Makes for Nervous Week "Look for another week of low volume and high anxiety on Wall Street as investors sit out the markets, watching for more violence in Iraq and waiting for the U.S. Federal Reserve to raise interest rates." Reuters
06-20-2004 | E-mail | Item
Treasury's Snow Sees Economy Aiding Bush "A stream of upbeat economic news should improve the view Americans have of President Bush's handling of the economy, U.S. Treasury Secretary John Snow said on Sunday." Reuters
06-20-2004 | E-mail | Item
Wachovia May Buy SouthTrust for at Least $11.5 Bln "Wachovia Corp., the fourth-biggest U.S. bank, may buy SouthTrust Corp., Alabama's biggest lender, in an acquisition worth at least $11.5 billion, people familiar with the matter said." Bloomberg
06-20-2004 | E-mail | Item
US Strikes 'Al Qaeda Safe House' in Iraq, 22 Dead "U.S. forces launched an air strike on Saturday on what they said was a safe house linked to elusive al Qaeda operative Abu Musab al-Zarqawi in the Iraqi city of Falluja, killing 22 people in a 'precision strike.'" Yahoo
06-19-2004 | E-mail | Item
With Big Dates Looming, Wall St. Cautious "Fear of inflation is stalking the stock market right now, and even some critical events coming later this month won't do much to calm jitters." Yahoo
06-19-2004 | E-mail | Item
Halliburton Fires Former KBR Chief Amid Nigeria Probe "A. Jack Stanley, who retired as chairman of the unit in December, and another ex-employee were fired as consultants for violating the company's conduct code, Houston-based Halliburton said in a statement. Evidence against them surfaced in an internal probe of how joint venture TSKJ won contracts to help build a $5 billion liquefied-natural-gas plant in Nigeria." Bloomberg
06-19-2004 | E-mail | Item
Dollar Drops on Current Account Gap "The dollar fell broadly on Friday, pushed down by a report that showed the U.S. current account gap widened more than expected in the first quarter." Yahoo
06-18-2004 | E-mail | Item
Dovish Fed puts bonds on the defensive "Two key sets of US inflation data, a series of other economic numbers and the appearance of Alan Greenspan, chairman of the Federal Reserve, gave bond investors plenty of "event risk" to fret about this week." FT
06-18-2004 | E-mail | Item
Oil Up, Iraqi Exports Resumption Doubted "World oil prices rose modestly Friday amid doubts that Iraqi imports would start flowing again during the weekend, four days after sabotage attacks cut off supplies." Reuters
06-18-2004 | E-mail | Item
US Imposes Duties on Chinese Furniture "The U.S. Department of Commerce on Friday imposed preliminary anti-dumping duties ranging to nearly 200 percent on $1.2 billion of wooden bedroom furniture imported from China." Reuters
06-18-2004 | E-mail | Item
U.S. Hostage in Saudi Arabia Beheaded by Kidnappers, CNN Says "Paul Johnson, a New Jersey man abducted by terrorists in Saudi Arabia who demanded the release of militants held in the kingdom, was beheaded today, Cable News Network reported, citing al-Arabiya satellite television." Bloomberg
06-18-2004 | E-mail | Item
Euro Hits 6-Wk Low Vs. Yen "The euro fell to a six-week low against the yen and near this month's trough versus the dollar on Friday, partly weighed by the perception that among major currencies, monetary tightening is least likely in the euro zone." Yahoo
06-18-2004 | E-mail | Item
Bombers Kill 41 in Strikes on Iraqi Forces "Bombers killed 41 people in two strikes on Iraq's fledgling security forces Thursday, stepping up a bloody drive to sabotage plans for U.S.-led occupation to give way to Iraqi rule on June 30." Yahoo
06-18-2004 | E-mail | Item
Dollar Edges Higher Against Euro, Yen "The dollar edged higher against the euro and the yen on Friday, but trade was largely directionless after a string of robust U.S. economic reports shed little new light on the pace of upcoming interest rate rises." Yahoo
06-18-2004 | E-mail | Item
Tech Retreat Pushes Nikkei Down 2 Pct "Japan's Nikkei average fell two percent by early afternoon on Friday in light trade, extending falls into a second day as tech stocks such as TDK Corp slid after declines in many of their U.S. peers. Yahoo
06-18-2004 | E-mail | Item
Scientists Claim to Discover New Fish "Brazilian scientists claimed to have found a new fish species believed to have lurked deep in the south Atlantic Ocean for over 150 million years. The fish, of the Chimaera genus, is about 12-16 inches long and is found at depths of 1,300 to 2,000 feet, scientists said Thursday." AP
06-18-2004 | E-mail | Item
Iraq Car Bombs Kill 41, Wound Nearly 150 "Car bombers targeted Iraq's security services Thursday, blasting Iraqis hoping to join the military in Baghdad and a civil defense post north of the capital, killing 41 people and wounding nearly 150." AP
06-18-2004 | E-mail | Item
Bush, Kerry to Have 2 Moderated Debates, 1 Town Hall "U.S. President George W. Bush and Democratic challenger John Kerry would have two moderated debates and one town-hall style meeting, according to plans released by the Commission on Presidential Debates." Bloomberg
06-18-2004 | E-mail | Item
ADM to Pay $400 Million to Settle Price-Fixing Suit "Archer Daniels Midland Co., the world's largest grain processor, said it will pay $400 million to settle a civil antitrust suit alleging the company conspired to fix prices of its high-fructose corn syrup." Bloomberg
06-18-2004 | E-mail | Item
House Passes Changes to Tax Code to Stop Sanctions "The U.S. House of Representatives, bowing to pressure from the European Union, voted to eliminate tax breaks worth $50 billion over the next 10 years to exporters including Microsoft Corp., Boeing Co. and Caterpillar Inc." Bloomberg
06-18-2004 | E-mail | Item
United Airlines Denied $1.6 Bln U.S. Loan Guarantee "UAL Corp.'s United Airlines failed to win a $1.6 billion U.S. government loan guarantee to finance an exit from bankruptcy, which may force the world's second-largest carrier to seek other financing or more cost reductions." Bloomberg
06-18-2004 | E-mail | Item
Dollar Declines Against Euro, Yen After Bomb Attack in Baghdad "The dollar fell against the euro and yen after a bomb exploded near an Iraqi military building in Baghdad and killed at least 35 people, spurring concern the U.S.- led coalition is struggling to establish security." Bloomberg
06-17-2004 | E-mail | Item
Leading Indicators Rose 0.5 Pct. in May "The Conference Board said its index of leading indicators rose 0.5 percent in May to 116.5, after a 0.1 percent gain in April." Reuters
06-17-2004 | E-mail | Item
Sunny weather boosts retail sales "Sales rose 0.8% in May as consumers bought clothing, sportswear and garden furniture, official figures show (Engalnd)." BBC
06-17-2004 | E-mail | Item
Key EU summit opens in Brussels "A summit of European Union leaders has started in Brussels with keys issues including a new constition and choosing a new European Commission president." BBC
06-17-2004 | E-mail | Item
Mayor gets 30 years for genocide "A former Rwandan mayor has been sentenced to 30 years in prison for organising the slaughter of 20,000 people during the 1994 genocide." BBC
06-17-2004 | E-mail | Item
Tokyo Stocks End Lower; Dollar Flat "The dollar was quoted at 109.64 yen by late afternoon Thursday, down 0.01 yen from late Tuesday but above the 110.09 yen it bought in New York." AP
06-17-2004 | E-mail | Item
Rumsfeld Ordered Secret Arrest in Iraq "At the request of CIA Director George Tenet, Defense Secretary Donald H. Rumsfeld ordered the military to secretly hold a suspected terrorist in Iraq, a Pentagon spokesman said." AP
06-17-2004 | E-mail | Item
Oil Up on Iraq Outage; Fuel Inventories "Oil prices edged higher on Thursday as a halt to Iraqi exports and tighter U.S. gasoline inventories lent support to the market." Reuters
06-17-2004 | E-mail | Item
Wholesale Inflation Up, Job Claims Off "Reports on U.S. inflation and jobless claims on Thursday suggested that the inflation at the wholesale level was more prevalent in May and that the labor market remains on a healthier course." Reuters
06-17-2004 | E-mail | Item
Baghdad Car Bomb Kills at Least 35, Injures 138 "At least 35 people were killed and 138 injured when a car bomb exploded near an army building in Baghdad, an official at the Iraqi interim government's health ministry, who declined to be identified, said." Bloomberg
06-17-2004 | E-mail | Item
Atmos Energy to Acquire TXU Gas Utility for $1.93 Bln "Atmos Energy Corp., which has made at least a half dozen acquisitions this decade, agreed to buy TXU Corp.'s flagship natural-gas business for $1.93 billion to boost utility earnings and add a pipeline system." Bloomberg
06-17-2004 | E-mail | Item
U.S. May Producer Prices Rise 0.8%; Core Rate Up 0.3% " U.S. producer prices rose 0.8 percent in May, the biggest increase in more than a year, boosted by higher costs for food, energy and automobiles, a government report showed. So-called core prices, which exclude food and energy, rose 0.3 percent, the most since January." Bloomberg
06-17-2004 | E-mail | Item
Dollar Holds Advances as Producer Prices May Have Risen in May " The dollar held its gains in Asia after yesterday rising by the most in a week against the euro on speculation a government report will show U.S. wholesale prices increased in May for a sixth consecutive month." Bloomberg
06-17-2004 | E-mail | Item
Broaddus Says Inflation Under Control, Fed Policy Not `Behind'
"Inflation remains ``under good control'' and central bankers are not too late in starting to raise interest rates to head off price increases, Federal Reserve Bank of Richmond President J. Alfred Broaddus Jr. said." Bloomberg
06-17-2004 | E-mail | Item
Iraqis angered by abuse, worried about safety "President Bush is fond of telling Americans they have liberated Iraq and that the country's future generations will be thankful. The current generation, however, overwhelmingly views U.S. forces as occupiers and wishes they would just leave, according to a poll commissioned by the administration." USATODAY
06-16-2004 | E-mail | Item
Sept. 11 Plot Envisioned 10 Hijackings "The mastermind of the Sept. 11 attacks told investigators he proposed hijacking 10 planes to crash into U.S. nuclear power plants, the Central Intelligence Agency and high-rise buildings on the West Coast in addition to the World Trade Center and the Pentagon, a federal commission's report says." Bloomberg
06-16-2004 | E-mail | Item
Sabotage Cripples Iraqi Exports, Oil Up "Oil prices rose on Wednesday, pushed higher by sabotage attacks that knocked out Iraq's crude exports. U.S. light crude climbed six cents to $37.25 a barrel, while London's Brent crude rose nine cents to $35.12 a barrel." Reuters
06-16-2004 | E-mail | Item
Sprint to Cut Up to 1,100 Jobs "Citing increasing competitive pressure in the long-distance market, Sprint Corp. said Wednesday it will eliminate up to 1,100 jobs, or 1.6 percent of its work force." AP
06-16-2004 | E-mail | Item
Housing, Industrial Production Show Gains "U.S. housing data beat expectations in May as prospects of rising interest rates did little to dampen demand, while industrial production gained in fresh signs of a strengthening economy, reports released on Wednesday showed." Reuters
06-16-2004 | E-mail | Item
U.S. Treasury Notes Drop After Production and Housing Reports "U.S. Treasury notes fell as reports showed builders started work on more houses than forecast in May and industrial production surged, adding to speculation the Federal Reserve will raise its key interest rate this month." Bloomberg
06-16-2004 | E-mail | Item
Nikkei Ends Up 2 Percent "Tokyo stocks advanced two percent on Wednesday to end at a seven-week high on relief that the U.S. Federal Reserve looks set to take a gradual rather than fast approach to raising interest rates." Yahoo
06-16-2004 | E-mail | Item
Brazil's Vale May Acquire Noranda for More Than $4.7 Billion "Cia. Vale do Rio Doce, the world's biggest iron-ore producer, may buy Noranda Inc., Canada's biggest mining company, for more than C$6.5 billion ($4.7 billion), people familiar with the situation said." Bloomberg
06-16-2004 | E-mail | Item
U.S. May Industrial Production Seen Rising 0.8%, Survey Shows "U.S. industrial production probably rose for an eighth month in nine in May as manufacturers responded to rising demand for computers and other equipment, according to a survey of economists ahead of today's Federal Reserve report." Bloomberg
06-16-2004 | E-mail | Item
CIA Restricts One-Third of U.S. Senate WMD Report "After reviewing the roughly 400 pages for classified data, the intelligence agency returned the report to the Senate Intelligence Committee with brackets around 30 percent to 40 percent of the contents to signal the information was secret, intelligence sources said." Yahoo
06-16-2004 | E-mail | Item
Dollar Near 1-Week Low Vs Euro "The dollar stalled near a one-week low versus the euro on Wednesday, failing to trim losses made after a U.S. inflation report and comments from the Federal Reserve chief cooled speculation about an aggressive rise in rates." Yahoo
06-16-2004 | E-mail | Item
Suspected Colombian Rebels Massacre 34 "Suspected leftist rebels shot and killed at least 34 farm workers early Tuesday at a ranch in one of Colombia's biggest cocaine-producing regions." AP
06-16-2004 | E-mail | Item
Mandalay Board OKs $4.8B MGM Mirage "The board of Mandalay Resort Group Inc. late Tuesday approved MGM Mirage Inc.'s $4.8 billion cash offer to buy the gambling company in a deal that would create the industry's dominant casino operator." AP
06-16-2004 | E-mail | Item
Bush Won't Set Timeline on Saddam Handover " President Bush insisted Tuesday he must have assurances Saddam Hussein will stay in jail and not return to power before releasing him to Iraq's interim government, refusing to commit to the June 30 timetable envisioned by Iraq's new prime minister." AP
06-16-2004 | E-mail | Item
Militants Threaten to Kill Kidnapped American, CNN Reports "A person claiming to be the military leader of al-Qaeda in Saudi Arabia threatened to kill a kidnapped American if all of the members of the terrorist organization being held as prisoners aren't released, Cable News Network reported." Bloomberg
06-16-2004 | E-mail | Item
US April net capital inflows total $76.2 bln "Foreign investors retained their appetite for U.S. assets in April, which should help the United States to finance a fairly wide current account deficit, analysts said." Yahoo
06-15-2004 | E-mail | Item
Crude Oil Futures Rebound After Attack Slows South Iraq Exports "Crude oil futures pared earlier losses in London and rallied in New York after Iraq's southern oil exports were reduced following an explosion last night on a pipeline that feeds crude oil to the Basra Oil Terminal." Bloomberg
06-15-2004 | E-mail | Item
Greenspan: Economy Must Deal With Threats "Federal Reserve Chairman Alan Greenspan said Tuesday the central bank must stand ready to deal with a large number of possible threats to the economy, including another terrorist attack on U.S. soil." AP
06-15-2004 | E-mail | Item
Fuel, Food Boost Consumer Prices in May "Surging energy and food costs fueled the largest monthly jump in consumer prices in 3-1/2 years in May, but a muted rise in underlying inflation calmed worries the Federal Reserve would have to hike interest rates aggressively." Reuters
06-15-2004 | E-mail | Item
Iraq Attack on Contractors Leaves Several Dead, U.S. Army Says "U.S. Brigadier General Mark Kimmitt said the gunman shot at the convoy from a highway overpass west of the Iraqi capital, damaging two of the vehicles and killing an unknown number of people." Bloomberg
06-15-2004 | E-mail | Item
Dollar Falls After Consumer Prices Rise Less Than Traders Bet
"The dollar declined against the yen, euro and 11 other major currencies after U.S. consumer prices rose less than some traders had predicted, trimming expectations for Federal Reserve interest-rate increases." Bloomberg
06-15-2004 | E-mail | Item
U.S. May Consumer Price Index Seen Rising 0.5%, Survey Shows U.S. consumer prices may have risen 0.5 percent in May, a sixth straight increase, as gasoline costs surged and rising demand allowed some companies to charge more, economists said in advance of today's Labor Department report." Bloomberg
06-15-2004 | E-mail | Item
MGM Mirage Says Has Deal to Buy Mandalay " Mandalay Resort Group management has tentatively agreed to MGM Mirage's sweetened bid to acquire it for $4.8 billion in a deal to create the world's largest casino empire, MGM said on Monday." Yahoo
06-15-2004 | E-mail | Item
Senators' Wealth Shows in 2003 Reports "Senators' financial disclosure reports showed anew Monday how wealthy most of them are, with quirky nuggets like a $1,059.75 Taurus and the gift of a sled dog buried amid trust funds, blind trusts and real estate holdings." AP
06-15-2004 | E-mail | Item
U.S. Said to Give Iraq Saddam in 2 Weeks "The United States will hand over Saddam Hussein and all other detainees to Iraq's new government over the next two weeks as sovereignty is restored, the interim prime minister said Monday." AP
06-15-2004 | E-mail | Item
Dollar Steadies Ahead of Fukui, Greenspan "The dollar steadied against the yen on Tuesday after pushing higher in recent days, as investors awaited clues on interest rates in the United States and Japan." Reuters
06-15-2004 | E-mail | Item
Boeing Beats Lockheed for $3.89 Bln Navy Plane Award "Boeing Co., the second-biggest U.S. defense contractor, beat Lockheed Martin Corp. for a contract worth as much as $3.89 billion to replace the U.S. Navy's fleet of Lockheed-built submarine-hunting planes." Bloomberg
06-15-2004 | E-mail | Item
Gasoline Price Drops Below $2 a Gallon "The average price U.S. drivers pay for gasoline dropped below $2 a gallon for the first time in five weeks, with costs in some cities falling more than 10 cents, the government said on Monday." Yahoo
06-14-2004 | E-mail | Item
Canadian-U.S Biotechs in $855 Mln Deal "QLT Inc. announced a friendly $855 million cash-and-share offer for fellow biotech firm Atrix Laboratories Inc. on Monday, sending its stock into a 17 percent swoon on worries about share dilution." Yahoo
06-14-2004 | E-mail | Item
House prices roar ahead in April "The UK property market surged ahead during April with prices rising by 4.5%, latest government figures have shown." BBC
06-14-2004 | E-mail | Item
Supreme Court Preserves 'God' in Pledge "The Supreme Court preserved the phrase "one nation, under God," in the Pledge of Allegiance, ruling Monday that a California atheist could not challenge the patriotic oath but sidestepping the broader question of separation of church and state." AP
06-14-2004 | E-mail | Item
Stocks Slip Before Consumer Prices Report "U.S. stocks retreated on Monday, as a stronger-than-expected retail sales report and a key consumer prices reading on Tuesday heightened fears that the Federal Reserve may take a more aggressive stance toward raising interest rates." Reuters
06-14-2004 | E-mail | Item
Mortgage Delinquencies Lowest in 4 Years "U.S. mortgage delinquencies slipped in the first quarter of 2004 to their lowest level in nearly four years, helped by a robust housing market and improving job conditions, a U.S. mortgage industry group said on Monday." Reuters
06-14-2004 | E-mail | Item
Oil Prices Slip as Shortage Fears Ease "Oil prices fell on Monday as rising fuel supplies in the United States soothed fears of a summer gasoline crunch and countered concern over violence in Middle Eastern producers Iraq and Saudi Arabia." Reuters
06-14-2004 | E-mail | Item
U.S. 2-Year Notes Have Biggest Drop in 5 Weeks on Retail Sales "U.S. two-year Treasury notes fell the most in five weeks after a gain in retail sales added to speculation the Federal Reserve will raise borrowing costs faster than some investors expected." Bloomberg
06-14-2004 | E-mail | Item
Three GE workers, two subcontractors killed in Baghdad car bombing "The bomb tore through a convoy killing a total of at least 12 people, including an American and four other foreigners working to rebuild Iraq's power plants. A crowd gathered, shouting "Down with the USA!" and dancing around a charred body." 9news
06-14-2004 | E-mail | Item
Fast-Tracking Flyers "After paying a fee and submitting to an extensive background check, airline passengers may be entitled to special security treatment." TIME
06-14-2004 | E-mail | Item
U.S. jobless rate misses "hidden" unemployed "Buried inside the official U.S. employment report each month is a little-known figure that gives a much less rosy picture of the labor market than the headlines." Yahoo
06-14-2004 | E-mail | Item
Retail Sales Jump, Trade Gap Hits Record "Strong consumer demand and record gasoline prices pushed U.S. retail sales higher in May and propelled the U.S. trade deficit to a new record in April, a pair of government reports said on Monday." Yahoo
06-14-2004 | E-mail | Item
Dollar Hits 3-Week Peak Vs Euro " The dollar rose to a three-week high against the euro and a one-week peak versus the yen on Monday on speculation that the U.S. Federal Reserve could raise rates more quickly than expected if inflation speeds up." Yahoo
06-14-2004 | E-mail | Item
Gas Prices Fall, First Time Since Dec. "After months of steady increases, U.S. average retail gasoline prices fell over the past three weeks as crude oil prices declined and refiners completed maintenance required under new and more costly environmental standards, according to a nationwide survey released Sunday." Yahoo
06-14-2004 | E-mail | Item
Oil Prices Need Not Mean Inflation -Stern "Stern, who is not a voting member of the Federal Open Market Committee this year, told reporters at a University of Minnesota journalism workshop that central banks "have the ability and responsibility to restrain inflation" as a way of fostering a stable economy that can raise living standards." Reuters
06-14-2004 | E-mail | Item
NY Atty General Subpoenas Three Insurers "Three big U.S. insurers said on Friday they received subpoenas this week from New York Attorney General Eliot Spitzer in his probe of incentives paid to insurance brokers." Yahoo
06-13-2004 | E-mail | Item
Retail Sales, Production Seen Rising: U.S. Economy Preview "U.S. retail sales probably rose in May for the seventh time in the last eight months, spurred by job growth, and manufacturers stepped up production, economists say they expect a pair of reports to show next week." Bloomberg
06-13-2004 | E-mail | Item
Greenspan to Reassure Congress on Economy "Federal Reserve Chairman Alan Greenspan will display his inflation-fighting credentials on Capitol Hill this week even as he seeks to assure lawmakers the central bank wants a vigorous expansion, analysts say." Yahoo
06-13-2004 | E-mail | Item
Hard-liner Frontrunner as Serbs Elect New President "A hardline Serbian nationalist mistrusted by the West was expected to take the lead on Sunday in a presidential election that could bring down the government of Prime Minister Vojislav Kostunica." Yahoo
06-13-2004 | E-mail | Item
Apathy and Protest Votes as EU Wraps Up Elections "Europeans were on Sunday completing the election of the first EU parliament since the bloc's expansion, but with a lack of enthusiasm that spelled trouble for many domestic governments." Yahoo
06-13-2004 | E-mail | Item
Suicide Bomber Kills 12 Iraqis in Baghdad "A suicide car bomber killed up to 12 Iraqis near a U.S.-Iraqi base in Baghdad on Sunday and gunmen killed a senior Iraqi civil servant and a university professor in a new spate of assassinations." Yahoo
06-13-2004 | E-mail | Item
OPEC Eyes August Output Hike - Venezuela "OPEC was expected to follow through with a plan to raise crude oil production by 500,000 barrels per day (bpd) from August, Venezuelan Energy Minister Rafael Ramirez said on Saturday." Reuters
06-13-2004 | E-mail | Item
Suspected Car Bomber Kills Six Iraqis in Baghdad "A suicide car bomber blew up his vehicle as police tried to stop him reaching a U.S. and Iraqi base in Baghdad Sunday, killing four policemen and two civilians, police at the scene said." Yahoo
06-13-2004 | E-mail | Item
Mandalay Rejects MGM Mirage's $4.85 Bln Takeover Bid "Mandalay Resort Group, the owner of the Mandalay Bay casino, rejected MGM Mirage's $4.85 billion takeover offer, saying MGM Mirage didn't give enough assurance it would pursue the deal if faced with regulatory opposition." Bloomberg
06-12-2004 | E-mail | Item
European Stocks Close Lower "European equities ended with small losses in holiday-hit trade on Friday as speculation about faster U.S. rate hikes weighed on investors, while French hotels firm Accor fell after a costly stake acquisition." Yahoo
06-11-2004 | E-mail | Item
Oil Falls as Nigerian Strike Ends "Oil prices eased on Friday as Nigerian unions called off a general strike without disruption to supply from Africa's biggest oil exporter." Yahoo
06-11-2004 | E-mail | Item
Fed Presidents Join Greenspan in Qualifying Policy "Federal Reserve Bank Presidents Jack Guynn, William Poole and Sandra Pianalto joined Chairman Alan Greenspan in signaling that they are ready to raise interest rates faster than many investors expect, if inflation exceeds forecasts." Bloomberg
06-11-2004 | E-mail | Item
Nigerian strike turns violent "Police have clashed with striking workers in Nigeria's capital, Abuja, on the second day of a national stoppage." BBC
06-11-2004 | E-mail | Item
Iraqi debt write-off divides G8 "World leaders at the Group of Eight summit have failed to agree over how much Iraqi debt they should write off." BBC
06-11-2004 | E-mail | Item
Shell admits fuelling corruption "Oil giant Shell has admitted it inadvertently fed corruption, poverty and conflict through its oil activities in Nigeria." BBC
06-11-2004 | E-mail | Item
G8 summit ends with show of unity "The leaders of the G8 have ended their conference with plans to promote democracy in the Middle East and relieving the debt burden in Africa." BBC
06-11-2004 | E-mail | Item
Dollar Up on Fed's Poole Inflation Talk "The dollar climbed on Friday after a top Federal Reserve official said that U.S. inflation might rise faster than currently expected, hinting that aggressive tightening of monetary policy was on the cards." Reuters
06-11-2004 | E-mail | Item
Bush Says Iraqis to Provide Most of Own Security "President George W. Bush said Iraqis will provide ``most of the security'' in their country, and it's an ``unrealistic expectation'' for NATO to send more troops." Bloomberg
06-11-2004 | E-mail | Item
Sara Lee to Cut 4,175 Apparel Jobs, Close Five Plants "Sara Lee Corp., the largest U.S. underwear maker, said it will cut about 4,175 jobs from its branded apparel unit and close five plants as it prepares to compete with cheaper products from low-wage countries." Bloomberg
06-11-2004 | E-mail | Item
Martha Stewart Asks Judge to Toss Out Her Conviction "Martha Stewart asked a federal judge to toss out her conviction for obstructing justice, arguing that false testimony by a government witness was ``vital to the prosecution's case'' and deprived her of a fair trial." Bloomberg
06-11-2004 | E-mail | Item
Oil Gains; IEA Raises '04 Demand Forecast "Oil prices rose on Thursday as the International Energy Agency revised up its 2004 demand estimate, raising bulls' hopes for the longer term." Reuters
06-10-2004 | E-mail | Item
U.S. PPI delayed due to new calculation problem "The release of the U.S. Producer Price Index has been delayed indefinitely due to renewed calculation problems with the report, the Bureau of Labor Statistics said on Wednesday." CNN
06-10-2004 | E-mail | Item
Dollar Falls, Long Weekend, Data Blamed "The dollar weakened against the euro on Thursday as investors took profits on the U.S. currency ahead of a long weekend and Monday's release of data expected to show a widening trade gap, analysts said." Yahoo
06-10-2004 | E-mail | Item
Oil Up; Stronger Demand Forecast in 2004 "Oil prices held firm on Thursday as the International Energy Agency revised up its 2004 demand estimate, raising bulls' hopes for the longer-term." Yahoo
06-10-2004 | E-mail | Item
Bank of England Raises Key Interest Rate "The Bank of England raised its key interest rate to 4.5 percent Thursday - the fourth increase in eight months - amid mounting concern about inflation, especially Britain's surging property prices." AP
06-10-2004 | E-mail | Item
Stocks Rise, Data Raises Inflation Fears "U.S. stocks rose on Thursday, helped by FedEx Corp. and Target Corp., but two reports showing higher import prices and weekly unemployment benefits claims weighed on sentiment." Reuters
06-10-2004 | E-mail | Item
Jobless Claims Rise "U.S. jobless claims rose unexpectedly last week while import prices rose more than anticipated in May as oil costs surged, adding to worries about inflation, government reports showed on Thursday." Reuters
06-10-2004 | E-mail | Item
May Import Prices Rise More Than Forecast on Oil " Prices of goods imported into the U.S. rose last month by the most in more than a year, led mainly by higher energy costs, providing investors with another sign the time may be right for the Federal Reserve to raise interest rates." Bloomberg
06-10-2004 | E-mail | Item
Nikkei at 6-Week High "Japan's Nikkei average ended up one percent at a six-week high on Thursday after strong machinery orders data underpinned a rise sparked earlier by futures-driven buying." Yahoo
06-10-2004 | E-mail | Item
Fed Will at Least Double Rate Target This Year, Bond Firms Say " The Federal Reserve will at least double its 1 percent interest-rate target for overnight loans between banks by year-end, a majority of economists at Wall Street's largest bond-trading firms said." Bloomberg
06-10-2004 | E-mail | Item
U.S. Jobless Claims Seen at 335,000 Last Week, Survey Shows "The number of Americans filing initial claims for jobless benefits may have declined last week as rising demand encouraged companies to retain workers, according to a survey of economists." Bloomberg
06-10-2004 | E-mail | Item
Nigeria mass strike to continue "A strike which has brought much of Nigeria to a near-standstill will continue on Thursday, unions have said." BBC
06-10-2004 | E-mail | Item
G8 launches Mid-East reform plan "World leaders at the Group of Eight summit have launched an initiative for political and economic reform in the Middle East and North Africa." BBC
06-10-2004 | E-mail | Item
More Than 20 Killed in Pakistan Clashes "Pakistani forces clashed with heavily armed foreign militants Wednesday, killing more than 20 people in a mountainous tribal region near the Afghan border where hundreds of al-Qaida fighters are believed to be hiding, officials and a tribal elder said." AP
06-10-2004 | E-mail | Item
Euro Falls on EU Clash, Rate Speculation "The euro lost ground against major rivals on Thursday, hurt by a spat among European leaders and speculation that the U.S. Federal Reserve will raise interest rates more aggressively than previously thought." Reuters
06-10-2004 | E-mail | Item
$10 Bln Accenture Deal Faces House Hurdle "A U.S. House of Representatives committee passed a measure on Wednesday that would block Accenture Ltd from a $10 billion security contract because the consulting firm is not based in the United States. " Reuters
06-10-2004 | E-mail | Item
May to Buy Marshall Field's From Target for $3.24 Bln "May Department Stores Co. agreed to buy the Marshall Field's department stores from No. 2 U.S. discounter Target Corp. for $3.24 billion in cash to spur sales growth after three years of declines." Bloomberg
06-10-2004 | E-mail | Item
Dollar Surges Against Euro as Traders Anticipate Fed Rate Moves "The dollar rose the most against the euro in a month on speculation government reports tomorrow will show faster inflation in the U.S., underscoring the potential for the Federal Reserve to raise interest rates more than some traders had expected." Bloomberg
06-09-2004 | E-mail | Item
Could Rising Oil Prices Trigger The Return Of High Inflation? "As world oil prices rise, there's concern this could re-ignite global inflation. Central bankers around the world are on guard, looking for any sign prices are rising. Already the U.S. central bank is indicating it could raise interest rates soon to dampen price pressures." RADIO FREE EUROPE
06-09-2004 | E-mail | Item
Oil Steady as U.S. Inventories Recover "Cooling U.S. oil prices were little changed on Wednesday after the U.S. government reported a renewed rise in fuel inventories, as high prices appeared to slow gasoline demand growth." Yahoo
06-09-2004 | E-mail | Item
Wholesale Inventories Decline in April "Inventories at U.S. wholesalers fell in April, their first decline since August 2003, while sales at the wholesale level posted another healthy monthly gain, the government said in a report on Wednesday." Yahoo
06-09-2004 | E-mail | Item
Health care spending rises at slower rate "The amounts Americans spent on hospitals, drugs and doctors grew at a slower rate last year. Even so, health care spending rose 7.4%, about twice as fast as the overall economy, and well outpaced wage growth, further threatening workers' ability to afford health insurance." USATODAY
06-09-2004 | E-mail | Item
Oil Retreats to $37 Ahead of U.S. Data "U.S. oil prices retreated to $37 a barrel Wednesday ahead of U.S. data expected to show rising oil inventories, easing worries of a summer supply crunch in the world's biggest energy consumer." Reuters
06-09-2004 | E-mail | Item
70 Taliban Reportedly Killed in Combat "An Afghan commander said Wednesday that Afghan and U.S. forces killed more than 70 Taliban rebels in a seven-day operation in a mountainous southern district, including at least 20 militants who died in a single clash." AP
06-09-2004 | E-mail | Item
Home Loan Applications Fall "U.S. applications for loans to buy homes and refinance mortgages fell amid a modest rise in mortgage rates last week, a trade group said on Wednesday." Yahoo
06-09-2004 | E-mail | Item
Coca-Cola's Heyer to Leave After Isdell Gets Top Post " Coca-Cola Co. said President Steve Heyer, passed over for chief executive officer last month, will leave by ``mutual agreement'' as E. Neville Isdell puts his stamp on the world's largest soft-drink maker." Bloomberg
06-09-2004 | E-mail | Item
Several dead in Mosul, Baquba blasts "Up to nine people have been killed and scores wounded after two car blasts rocked Mosul in northern Iraq, while five others died in a blast outside a US base in Baquba, north of Baghdad. " Occupation Watch
06-09-2004 | E-mail | Item
Nigeria's oil strike to go ahead "Nigeria's trade union leaders say they are going ahead with Wednesday's general strike despite a court order to call it off." BBC
06-09-2004 | E-mail | Item
Yen Hits 1-Week High on Japan Economy "The yen jumped to a one-week high against the dollar on Wednesday after data showed that Japan's economy remained strong in the first quarter, though the dollar rose against other major currencies." Reuters
06-09-2004 | E-mail | Item
Japanese GDP Data Disappoints Markets " Asian shares steadied on Wednesday after three days of gains and the yen reversed an early rally to a one-week high against the dollar after Japanese economic growth figures disappointed bullish investors." Reuters
06-09-2004 | E-mail | Item
State Street Aims to Start China's First Tracker Fund "State Street Global Advisors, the world's biggest manager of money for institutions, said it expects to get approval this year to set up China's first exchange-traded fund as the government widens overseas access to its securities markets." Bloomberg
06-09-2004 | E-mail | Item
U.S. Wholesalers Added to Inventories in April, Survey Shows "U.S. wholesale inventories may have risen 0.5 percent in April, an eighth straight increase, as companies rebuilt stockpiles drained by surging demand, economists said in advance of a government report today." Bloomberg
06-09-2004 | E-mail | Item
EU Renews Probe of Intel Practices "The European Commission has rekindled a three-year-old antitrust investigation into Intel Corp., asking new questions about the world's largest chip maker's business practices, the Commission said on Tuesday." Yahoo
06-08-2004 | E-mail | Item
Italy Arrests Suspected Madrid Bombing 'Mastermind' "Italy arrested an Egyptian man suspected of helping to plan the Madrid train bombings as police across Europe swooped on Islamic militants in coordinated anti-terror raids, officials said Tuesday." Yahoo
06-08-2004 | E-mail | Item
Car bombings rock northern Iraq cities "Two suicide car bombs killed at least 12 people, including a U.S. soldier, and wounded at least 50 people north of Baghdad on Tuesday in Iraq's Sunni Muslim heartland, one of the breeding grounds of the country's deadly insurgency." IHT
06-08-2004 | E-mail | Item
House price rise 'gathers pace' "Britain's housing boom continued to flourish in May according to Halifax, the UK's biggest mortgage lender." BBC
06-08-2004 | E-mail | Item
German unemployment climbs in May "German unemployment has risen for a fourth month in May, signalling that a recovery in Europe's largest economy is still too weak to create new jobs." BBC
06-08-2004 | E-mail | Item
U.S. General in Iraq Says Hostages Freed "Coalition forces freed Italian and Polish hostages in bloodless American commando operation Tuesday south of Baghdad, the top U.S. general in Iraq said." AP
06-08-2004 | E-mail | Item
Oil Prices Ease, Security Worries Persist "U.S. oil prices eased on Tuesday as dealers took profits from a rally spurred by news of fresh disruption to Iraq's crude exports and the threat a strike in Nigeria could further disrupt flows to the international market." Reuters
06-08-2004 | E-mail | Item
Retail Sales Rise Despite Gas Pump Prices "Though consumers worried about the impact of high gasoline prices on tight family budgets, they still managed to shop last week, giving retailers confidence that discounts on their summer goods would not be necessary, reports said on Tuesday." Reuters
06-08-2004 | E-mail | Item
Northrop Grumman Worker Shot Dead in Saudi Arabia "A U.S. citizen working for defense contractor Northrop Grumman Corp.'s Vinnell unit was shot dead in the Saudi Arabian capital, Riyadh, the fourth American to die in militant attacks in the kingdom since May 1." Bloomberg
06-08-2004 | E-mail | Item
Dollar Rises as Greenspan Says Fed Will `Do What Is Required' "The dollar rose the most against the euro in three weeks and advanced against the yen after Federal Reserve Chairman Alan Greenspan signaled the central bank is prepared to accelerate the pace of interest-rate increases." Bloomberg
06-08-2004 | E-mail | Item
Greenspan Says Fed Ready to Raise Rates as Warranted "Federal Reserve Chairman Alan Greenspan said the U.S. central bank is ready to raise interest rates and would accelerate the pace of increases if inflation exceeds the Fed's forecast." Bloomberg
06-08-2004 | E-mail | Item
Former WorldCom CFO Pleads to Conspiracy "Scott Sullivan, former chief financial officer of WorldCom, pleaded guilty Monday to one count of conspiracy to commit securities fraud, Mississippi Attorney General Jim Hood said." AP
06-08-2004 | E-mail | Item
Reports May Underscore Inflation Concerns "Government reports Thursday will probably show a quickening pace of inflation, eroding the value of bonds' fixed payments. The Federal Reserve will likely raise the key interest rate this month on signs of stronger growth, said analysts such as NAB's Jolly. Fed chairman Alan Greenspan will speak later today." Bloomberg
06-08-2004 | E-mail | Item
Aer Lingus in Talks to Buy Boeing 7E7 or Airbus A330 " Aer Lingus Plc, Ireland's state-owned airline, last week began talks with Boeing Co. and Airbus SAS on a potential order for as many as 12 7E7 or A330 twin-aisle jetliners, the airline's Chief Executive Willie Walsh said." Bloomberg
06-08-2004 | E-mail | Item
Microsoft, SAP say they considered merging "As part of its bid for a foothold in the enterprise applications market, Microsoft initiated merger discussions late last year with enterprise resource planning (ERP) leader SAP. The talks ended several months ago after Microsoft decided the deal and the post-union integration would be too risky." NWfusion
06-07-2004 | E-mail | Item
Nine Iraqi Militias to Disband "Nine major political parties agreed Monday to disband their militias, the interim prime minister said, although radical cleric Muqtada al-Sadr's fighters did not join the agreement." AP
06-07-2004 | E-mail | Item
Yen Surges, Boosted by Nikkei Rally "The yen rallied powerfully against the dollar and euro on Monday after a nearly 3 percent gain in Tokyo stocks underscored the likelihood that Japanese assets are benefiting from a surge of inflows from abroad." Reuters
06-07-2004 | E-mail | Item
U.S. Stock Markets to Close for Reagan's Funeral "U.S. stock markets will close Friday to mark the funeral of President Ronald Reagan, according to the New York Stock Exchange and the Nasdaq Stock Market." Bloomberg
06-07-2004 | E-mail | Item
Tokyo stocks surge, dollar lower against yen "Tokyo stocks surged Monday as investors picked up exporter and high-technology issues after strong U.S. jobs data spurred a rise on Wall Street Friday. The U.S. dollar was down against the Japanese yen." Yahoo
06-07-2004 | E-mail | Item
Citigroup Passes Goldman as Adviser to Buyout Firms "Citigroup Inc., the world's biggest financial institution, has passed Goldman Sachs Group Inc. for the first time as the top adviser to the world's biggest buyout firms, including Kohlberg Kravis Roberts & Co." Bloomberg
06-07-2004 | E-mail | Item
U.S. Consumer Borrowing Rose $6 Billion in April, Survey Shows "Borrowing by U.S. consumers may have increased for a 13th month in April as rising incomes gave people more confidence to handle debt, according to economists surveyed ahead of today's report by the Federal Reserve." Bloomberg
06-07-2004 | E-mail | Item
Pacific Rim Chiefs Urge on Global Talks "Trade leaders from 21 countries around the Pacific, who represent almost half of world trade, tried to give global trade talks a jolt on Saturday with a strong statement supporting a key July deadline to put together an outline for further negotiations." Yahoo
06-06-2004 | E-mail | Item
Leaders and veterans mark D-Day "Heads of state and thousands of war veterans are attending events on the French coast to mark 60 years since the D-Day invasion of Nazi-occupied Europe." BBC
06-06-2004 | E-mail | Item
Iraqis Paying 5 Cents a Gallon for Gas "While Americans are shelling out record prices for fuel, Iraqis pay only about 5 cents a gallon for gasoline - a benefit of hundreds of millions of dollars subsidies bankrolled by American taxpayers." AP
06-06-2004 | E-mail | Item
Iraq Car Bomb Kills 6 Near U.S.-Run Base "A car bomb exploded Sunday near the gate to a U.S.-run base north of Baghdad, killing six people and injuring 20 others - including two U.S. soldiers, the U.S. military said. It was the latest of a series of attacks against occupation forces and their Iraqi allies." AP
06-06-2004 | E-mail | Item
Microsoft Set to Appeal EU Ruling "Microsoft Corp says it will ask a European court this week to suspend parts of the European Commission's landmark decision that ordered it to stop business practices that violate antitrust law." Reuters
06-06-2004 | E-mail | Item
Dollar May Decline Against Euro, Yen, Bloomberg Survey Shows "The dollar may decline against the euro and yen this week on concern the Federal Reserve isn't reacting fast enough to signs of faster economic growth and inflation, a Bloomberg survey indicates." Bloomberg
06-06-2004 | E-mail | Item
Preview: Wholesale and Import Prices Rise on Oil "U.S. wholesale prices and the cost of imported goods probably jumped in May as the nation's oil bill swelled, reflecting strong demand and a growing economy, according to economists surveyed by Bloomberg News." Bloomberg
06-06-2004 | E-mail | Item
Goldilocks Economy' Could Be Pure Fantasy "Stocks rose Friday after the release of a long-awaited jobs report that showed an economy that still isn't growing fast enough to require drastic tightening by Alan Greenspan's Federal Reserve. But Wall Street's Goldilocks tale might need a bit of revising soon." Yahoo
06-05-2004 | E-mail | Item
MGM Mirage Offers $7.65 Billion for Mandalay Resort "MGM Mirage, the third-biggest U.S. casino company, offered to purchase Mandalay Resort Group in a transaction MGM valued at $7.65 billion, as it seeks to acquire the Mandalay Bay and Luxor casinos in Las Vegas." Bloomberg
06-05-2004 | E-mail | Item
Dollar Falls as U.S. Adds Fewer Jobs Than Some Traders Forecast
"The dollar fell against the euro and 11 other major currencies after a government report showed the U.S. economy added 248,000 jobs in May, disappointing some traders who bet the figure would be higher." Bloomberg
06-04-2004 | E-mail | Item
Economists see Fed rate rise in June a done deal "A robust May U.S. payrolls report on Friday sealed expectations the Federal Reserve will raise rates by a quarter percentage point later this month, according to a Reuters survey." Yahoo
06-04-2004 | E-mail | Item
Price Pinch Unlikely to Halt Economic Growth "The recent rise in oil prices is likely to throw some sand in the wheels of the U.S. economic recovery this year, but not enough to derail it, economists said this week." Washingtonpost
06-04-2004 | E-mail | Item
Oil slips further after Opec deal "On Friday, the price of a barrel of US-traded oil fell 63 cents to $38.65, extending Thursday's 68-cent drop. But analysts said falls were mostly due to bigger US stockpiles, and warned the "fear factor" would remain important." BBC
06-04-2004 | E-mail | Item
Iraqi PM Urges War on Sabotage, Zarqawi Aide Held "Iraq's new prime minister urged the nation Friday to unite against a terrorist threat that he said posed the major risk to its independence and prosperity." Yahoo
06-04-2004 | E-mail | Item
Maytag sets salaried job cuts at 20%, shares lower "Shares of Maytag remained lower Friday, trading down as much as 8.8 percent as investors reacted negatively to the appliance maker's latest restructuring moves." CBS
06-04-2004 | E-mail | Item
Bush's Erratic Behavior Worries White House Aides "President George W. Bush’s increasingly erratic behavior and wide mood swings has the halls of the West Wing buzzing lately as aides privately express growing concern over their leader’s state of mind." Capitol Hill Blue
06-04-2004 | E-mail | Item
U.S. May Payrolls Rise 248,000; Jobless Rate at 5.6% "U.S. employers added 248,000 workers to payrolls in May, more than forecast, helped by the biggest gain in manufacturing employment in almost six years. The economy has now recouped all the jobs lost since the recession ended in November 2001. The unemployment rate held at 5.6 percent." Bloomberg
06-04-2004 | E-mail | Item
U.S. May Payrolls Seen Rising 225,000 for Ninth Straight Gain "U.S. employers may have added 225,000 workers in May, a ninth straight monthly increase, helping boost incomes as Americans pay record prices for gasoline. The unemployment rate probably held at 5.6 percent." Bloomberg
06-04-2004 | E-mail | Item
Nestle Is Considering an Offer for General Mills, People Say "Nestle SA, the world's largest foodmaker, is considering a bid for General Mills Inc. to add brands such as Cheerios cereal and Betty Crocker dessert mixes, people familiar with the matter said." Bloomberg
06-04-2004 | E-mail | Item
Bush: Iraq Pullout Would Be Disastrous "Pulling out, Bush said, would send the wrong signals to the Iraqi people and to terrorists. "It would dispirit those who love freedom in Iraq," he said." AP
06-04-2004 | E-mail | Item
Shiite Leader Accepts Iraq Interim Gov't "Iraq's most influential Shiite figure gave tacit endorsement to the U.N.-appointed government Thursday, breaking nearly three months of silence over the country's political future. But the supreme religious leader in neighboring Iran dubbed the body a "lackey" of America." AP
06-04-2004 | E-mail | Item
Dollar Steady as U.S. Jobs Data Awaited "The dollar steadied against major rivals on Friday, as market players digested OPEC's decision to raise output and looked ahead to U.S. employment data later in the day for clues on interest rates." Reuters
06-04-2004 | E-mail | Item
Dollar Mixed; Markets Eye Jobs Data "The dollar posted mild losses against the euro but gained against the yen on Thursday as investors focused on positioning ahead of Friday's U.S. May jobs report." Yahoo
06-03-2004 | E-mail | Item
Italian embassy attacked in Baghdad "The Italian embassy in Baghdad came under mortar fire today, killing one Iraqi and injuring several others, including children, according to witnesses and hospital staff." Guardian Unlimited
06-03-2004 | E-mail | Item
World Bank Pledges 3-Year Loan to Russia "The World Bank chief on Thursday pledged a loan of $1 billion to $1.5 billion to Russia over the next three years and urged Moscow to push through economic reforms in order to achieve the ambitious goal of doubling the nation's economic output." AP
06-03-2004 | E-mail | Item
European Central Bank Holds Rates Steady "The European Central Bank kept interest rates unchanged at 2 percent Thursday for a 12th straight month, sticking to its watch-and-wait stance as it sizes up uncertain prospects for growth and the impact of higher oil prices on the economy." AP
06-03-2004 | E-mail | Item
Bush: CIA Director George Tenet Resigns "CIA Director George Tenet, who weathered storms over intelligence lapses about suspected weapons of mass destruction in Iraq and the Sept. 11 terrorist attacks, has resigned, President Bush said Thursday." AP
06-03-2004 | E-mail | Item
Services Sector Slow in May, Jobs Improve "Growth in the giant U.S. services sector slowed in May but remained strong enough to create new jobs, a survey showed on Thursday." Reuters
06-03-2004 | E-mail | Item
Jobless Claims Slip, Productivity Growing "The ranks of Americans filing initial claims for jobless aid thinned last week and business productivity was stronger in the first quarter than first thought, generally bright reports showed on Thursday." Reuters
06-03-2004 | E-mail | Item
Cautious OPEC Oil Deal Leaves $40 Intact "OPEC on Thursday agreed to raise output by two million barrels a day, at the bottom end of expectations, a deal that failed to make any immediate impact on high world oil prices." Reuters
06-03-2004 | E-mail | Item
May ISM Services Index Shows Increased Hiring "A gauge of activity at U.S. service companies, which make up the largest share of the economy, held close to a record in May as businesses increased hiring, a private survey showed." Bloomberg
06-03-2004 | E-mail | Item
Tokyo Stocks End Sharply Lower "Japanese stocks recorded their biggest one-day percentage fall in two weeks on Thursday, reversing early gains after crude oil prices rose back above $40 a barrel, renewing concerns about global economic health." Yahoo
06-03-2004 | E-mail | Item
Dollar Firms Vs Yen, Euro "The dollar edged up against the yen and the euro on Thursday ahead of an OPEC meeting that is expected to take some heat off steaming oil prices." Yahoo
06-03-2004 | E-mail | Item
U.S. Jobless Claims Seen at 335,000 Last Week, Survey Shows "The number of Americans filing for first-time jobless benefits may have declined last week and an index of services, the largest part of the economy, probably held close to a record high last month, according to surveys of economists ahead of two reports today." Bloomberg
06-03-2004 | E-mail | Item
Massive Blasts at U.S. Base in Kirkuk, Iraq -Witness "Massive explosions rocked a major U.S. military base outside the northern Iraqi city of Kirkuk Wednesday, shrouding the city in smoke, after what police said was a rocket strike on an arms store." Yahoo
06-02-2004 | E-mail | Item
Good News for Home Owners, Values Rise "U.S. home values on average rose 8.5 percent in the first quarter from a year ago on strong demand and low mortgage rates, but the gains have slowed sharply from prior quarters, Freddie Mac said on Wednesday." Reuters
06-02-2004 | E-mail | Item
Discounting Drives U.S. Auto Sales in May "U.S. automakers, using heavy discounts to lure consumers into their showrooms, posted strong sales in May as consumers, unfazed by surging gasoline prices, seized on generous cash rebates and other deals to buy new cars and trucks." Reuters
06-02-2004 | E-mail | Item
Greenspan: Rate-Hike Likely to Be Gradual "Slack in the U.S. economy and low inflation should allow the Federal Reserve to raise interest rates at a gradual pace, Fed Chairman Alan Greenspan said in a letter released on Wednesday." Yahoo
06-02-2004 | E-mail | Item
Army Issues Order to Stop U.S. Soldiers from Leaving
Army Issues Order to Stop U.S. Soldiers from Leaving "The U.S. Army has issued an order preventing thousands of soldiers designated for duty in Iraq or Afghanistan from leaving the military even when their volunteer service commitment expires, officials said on Wednesday." My Way
06-02-2004 | E-mail | Item
May Retail Sales Seen Suprisingly Hot "Hot fashions and hotter weather should easily offset the impact of sky-high gasoline prices when retail chains report their May results Thursday." Yahoo
06-02-2004 | E-mail | Item
Loan Applications to Buy Homes Rise "U.S. applications for mortgage loans to buy homes, an indication of future sales activity, rose while refinancings continued to trickle lower last week, an industry trade group said on Wednesday." Reuters
06-02-2004 | E-mail | Item
2 in siege killed by Saudis " Saudi forces killed two suspected militants whom they linked to the weekend attack on the eastern oil city of Khobar, in which 22 people were killed, the Interior Ministry said Wednesday." IHT
06-02-2004 | E-mail | Item
6 Killed As U.S. Fights Militants in Kufa "Militants loyal to radical Shiite cleric Muqtada al-Sadr clashed Wednesday with U.S. forces near a mosque in this Shiite holy city and in Baghdad, and officials said six Iraqis were killed and 40 others wounded." AP
06-02-2004 | E-mail | Item
Jobs Optimism Offsets Oil "Economists expect to see that 216,000 new jobs were created last month, compared with 288,000 the month before. Analysts say a number in that range -- confirming that the job market has finally caught up with the economic recovery -- would point toward the Federal Reserve increasing interest rates at its next meeting June 29-30." Reuters
06-02-2004 | E-mail | Item
Harbin Brewery Backs Anheuser-Busch in Takeover Fight "Harbin Brewery Group, China's oldest brewer, asked shareholders to accept a takeover bid from Anheuser- Busch Cos. that values the company at HK$5.89 billion ($757 million) and tops a rival offer from SABMiller Plc." Bloomberg
06-02-2004 | E-mail | Item
Dollar Falls Against Euro, Yen as Crude Oil Trades Near Record "The dollar fell to a two-month low against the euro and sank against 10 other major currencies on concern oil prices near record highs will cool economic growth in the U.S., the world's biggest consumer of oil." Bloomberg
06-02-2004 | E-mail | Item
Euro Trades Close to Two-Month High as German Retail Sales Rise "The euro rose to close to a two-month high against the dollar as a government report showed German retail sales rose more than forecast in April, a sign faster growth is encouraging spending in Europe's largest economy." Bloomberg
06-02-2004 | E-mail | Item
Aussie stocks reach new 2-yr highs, oil stocks up "Australian stocks climbed to fresh two-year highs on Wednesday, fuelled by oil stocks such as Woodside Petroleum which continued to advance on the back of higher oil prices." Yahoo
06-02-2004 | E-mail | Item
China Q2 economy seen up 11.4 pct on year earlier "China's economy is likely to grow 11.4 percent in the year through the second quarter, partly because the SARS disease outbreak weakened output a year ago, a top government think-tank said on Wednesday." Yahoo
06-02-2004 | E-mail | Item
Opec to meet as oil price rockets "Oil exporters' cartel Opec will meet on Thursday to discuss raising output in an effort to offset soaring oil prices." BBC
06-02-2004 | E-mail | Item
Fresh Iraq plan awaits UN verdict "The US and Britain have presented a new resolution to the UN Security Council endorsing the transition of power to the Iraqi interim government." BBC
06-02-2004 | E-mail | Item
U.S. Oil Strikes New High at $42.45 "U.S. oil prices struck a new record high in early Wednesday trade on concerns that a campaign of violence by Islamic militants in Saudi Arabia could destabilize the world's biggest crude exporter." Reuters
06-02-2004 | E-mail | Item
Tokyo Stocks Lower, Dollar Higher "The dollar was quoted at 110.86 yen at 11 a.m. Wednesday, up 1.51 yen from late Tuesday and above the 110.61 yen it bought in New York later that day." AP
06-02-2004 | E-mail | Item
Manufacturing Index Improves in May "U.S. manufacturing activity expanded for the 12th consecutive month and construction spending rose to its highest level ever, providing fresh evidence that the economy is picking up steam as it heads into summer." AP
06-02-2004 | E-mail | Item
Judge: Bush Abortion Ban Unconstitutional "In a ruling with coast-to-coast effect, a federal judge declared the Partial-Birth Abortion Ban Act unconstitutional Tuesday, saying it infringes on a woman's right to choose." AP
06-02-2004 | E-mail | Item
Tribal Sunni Chief Will Lead Iraq Gov't "Iraqi officials prevailed in their choice for president over the candidate favored by the United States, allowing a U.N. envoy Tuesday to appoint an interim government reflecting Iraq's religious and cultural diversity to rule after the return of sovereignty June 30." AP
06-02-2004 | E-mail | Item
Air N.Z. to Add Boeing Planes for More Than $849 Mln "Air New Zealand Ltd., the nation's largest airline, will buy six Boeing Co. aircraft and lease four more at a cost of more than NZ$1.35 billion ($849 million), seeking to cut fuel costs and add routes to India and China." Bloomberg
06-02-2004 | E-mail | Item
Home Price Growth Slows in First Quarter "U.S. home prices climbed but at a slower rate in the first three months of 2004 after the year-end rush to buy homes on fears of rising mortgage rates tapered off, a government agency said on Tuesday." Yahoo
06-02-2004 | E-mail | Item
Robust Growth for Factories, Construction "U.S. factories cranked up output in May and construction spending surged to a third straight record high in April, according to reports on Tuesday that showed the economy gathering speed." Reuters
06-02-2004 | E-mail | Item
Crude Oil Trades Near Record, Prompts Call for More OPEC Supply "Crude oil futures traded near a record in New York on concern terrorists may disrupt supply from Persian Gulf producers including Saudi Arabia, prompting calls for OPEC to agree on increased supply at a meeting in Beirut tomorrow." Bloomberg
06-02-2004 | E-mail | Item
