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Oil Prices Hit New Highs on Supply Fears "Oil prices vaulted to new highs on Friday on worries that financial turmoil at Russia's largest oil company could cut into exports from the No. 2 supplier nation, with oil cartel OPEC already struggling vainly to cool the red hot market."  Yahoo
07-30-2004 |
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White House forecasts record budget deficit "The White House said on Friday the federal budget deficit will grow to $445 billion this fiscal year, a new record likely to fuel election-year wrangles about President George W. Bush's economic policies."  Reuters
07-30-2004 |
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Chicago PMI Perks Up "The Purchasing Management Association of Chicago index of area business activity rose to 64.7 in July on a seasonally adjusted basis from 56.4 in June, according to a press release Friday."  Smartmoney
07-30-2004 |
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Dollar rises briefly vs euro after Chicago PMI data "The dollar rose briefly against the euro on Friday, after a stronger-than-expected Chicago purchasing management report, before giving up those gains in a second wave reaction."  Yahoo
07-30-2004 |
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Consumer Confidence Edges Higher in July "An index of consumer moods published by the University of Michigan showed confidence climbing to 96.7 in July from 95.6 in June, according to sources who saw the subscription-only report. Economists had forecast a rise to 96.5."  Yahoo
07-30-2004 |
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Janus Client to Withdraw $5 Billion "Janus Capital Group Inc., which in April settled regulatory probes of improper mutual fund trading, said on Friday a client intends to withdraw $5 billion from its funds by year end, or 3.7 percent of Janus' total assets under management."  Yahoo
07-30-2004 |
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Shell slapped with $120m reserves fine  ic Birmingham
07-30-2004 |
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WTO Moves Closer to Trade Accord to Cut Farm Subsidies, Tariffs "World Trade Organization negotiators moved closer to an agreement to open global markets for food and manufactured goods, as countries including Brazil and Namibia said enough time remains to iron out differences."  Bloomberg
07-30-2004 |
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Belgian Gas Pipe Blast Kills 15, Destroys Plants "A huge blast on a leaking gas pipeline in Belgium Friday sent giant fireballs in the air and catapulted bodies hundreds of yards in the biggest industrial disaster in the country's recent history."  Reuters
07-30-2004 |
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UK house prices '30% overvalued' "UK house prices are 30% above their long-term sustainable level, according to the National Institute of Economic and Social Research (NIESR)."  BBC
07-30-2004 |
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Russia Wants Yukos to Pay Bill in Month "Russia expects the country's largest oil company, Yukos, to pay its crushing back taxes bill within a month, a Justice Ministry official said Friday in an apparent indication that Yukos' feared collapse isn't imminent."  AP
07-30-2004 |
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13 Iraqis Killed in Fallujah Fighting "Fierce fighting between U.S. Marines backed by fighter aircraft and insurgents using small arms and mortars killed 13 Iraqis in Fallujah overnight, and Secretary of State Colin Powell made an unannounced visit to Baghdad on Friday."  AP
07-30-2004 |
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Parmalat Seeks $10 Billion from Citigroup "Parmalat is seeking more than $10 billion in damages from Citigroup in a lawsuit that accuses the U.S. bank of helping defraud the Italian food firm and its shareholders and creditors of billions of dollars."  Reuters
07-30-2004 |
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Kerry Vows to Restore `Credibility' at Home, Abroad "John Kerry, vowing to ``restore trust and credibility to the White House,'' and invoking his combat experience in Vietnam, accepted the Democratic Presidential nomination with a promise to invigorate the economy, protect the Constitution and revive respect for America."  Bloomberg
07-30-2004 |
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U.S. Treasury Notes Rise; Economy Expanded Less Than Forecast "U.S. Treasury notes rose after the government said the economy and personal consumption expanded less quickly last quarter than forecast, a sign that inflation may be held in check."  Bloomberg
07-30-2004 |
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Chain Deflator at 3.2% The expected number was 3% after 2.8% last quarter.  Yahoo
07-30-2004 |
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International Power, Mitsui to Buy Edison Assets "International Power Plc formed a venture to buy the power plants of Edison International in Australia, Asia and Europe for $2.3 billion to lessen its dependence on the U.S."  Bloomberg
07-30-2004 |
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Dollar Drops Against Euro; U.S. Growth Falls Short of Forecasts "U.S. oil prices hit fresh record highs Friday on fears of a disruption in supplies from world number two exporter Russia and doubts over oil cartel OPEC's ability to make up for any shortfalls."  Bloomberg
07-30-2004 |
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Oil Prices Hit New Highs on Supply Fears "U.S. oil prices hit fresh record highs Friday on fears of a disruption in supplies from world number two exporter Russia and doubts over oil cartel OPEC's ability to make up for any shortfalls."  Reuters
07-30-2004 |
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Blasts Hit U.S. Embassy, Uzbek Prosecutor's Office "Explosions struck the prosecutor's office and the U.S. embassy in the Uzbek capital Tashkent on Friday, causing a number of casualties."  Reuters
07-30-2004 |
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Economy Weaker Than Expected in 2nd Qtr. "The U.S. economy braked more sharply than expected in the second quarter as shoppers curbed their free-spending ways amid a sharp advance in energy prices, government data released on Friday showed."  Reuters
07-30-2004 |
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Target to Sell Mervyn's for $1.65 Bln "Retailer Target Corp. said on Thursday it has reached a deal to sell its Mervyn's department stores for $1.65 billion in cash to an investment group that includes Sun Capital Partners."  Yahoo
07-30-2004 |
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U.S. 2Q Growth Probably Rose at a 3.7% Pace, BN Survey Shows " The U.S. economy is forecast to have grown at a 3.7 percent annual pace in the second quarter, slower than the prior three months, as rising energy prices left consumers with less money to spend, according to a survey of economists in advance of today's government report."  Bloomberg
07-30-2004 |
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Kerry Prepares for Prime-Time Speech Tonight "Democratic presidential candidate John F. Kerry, fresh from his official nomination to be the party's standard-bearer in November, prepared Thursday to deliver the most important speech of his life, a prime-time address to the Democratic National Convention that aides said would seek to convey an image of strong leadership for troubled times."  Washingtonpost
07-29-2004 |
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Stocks Retreat on FBI Warning, Oil Fears "U.S. stocks slipped on Thursday as investors nervously eyed oil prices following a report of an FBI warning of possible 'terrorist activity' in the United States. Traders said the market was worried about the price of oil following a report by The Associated Press that the 'FBI warned police in California and New Mexico that it received information about possible terrorist activity in their states.'"  Yahoo
07-29-2004 |
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Dollar Up as Investors Ignore U.S. Data "The dollar traded stronger against the euro on Thursday after a rise U.S. weekly jobless claims failed to curb investor's recent optimism on the U.S. economy and the prospect of higher interest rates."  Reuters
07-29-2004 |
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Canada economy up 0.3 pct in May,2nd-qtr boom seen "Canada's economy grew 0.3 percent in May, Statistics Canada said on Thursday, pointing to strong second-quarter growth that could outpace that in the United States."  Yahoo
07-29-2004 |
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The Conference Board's Help-Wanted Index Dips One Point "The Conference Board's Help-Wanted Advertising Index -- a key barometer of America's job market -- dipped one point in June. The Index now stands at 38, down from 39 the previous month."  PRNewswire
07-29-2004 |
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Taro disappoints again  Globes
07-29-2004 |
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Tokyo Stocks Close Lower, Dollar Higher "The dollar was quoted at 111.68 yen at 5 p.m. Thursday, up 0.66 yen from late Wednesday in Tokyo but below the 111.71 yen it bought in New York later that day. The greenback traded between 111.69 yen and 111.82 yen in Tokyo."  Forbes
07-29-2004 |
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Yukos can keep selling oil; crude prices fall back "Oil prices fell from record levels on relief that oil deliveries from Russia the world's number-two oil exporter may not be disrupted. Yukos shares rallied more than 20% after diving to three-year lows on Wednesday."  USATODAY
07-29-2004 |
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Schwab to close 16 pct of branches, cut 186 jobs "The San Francisco-based company plans to shut 16 percent of its 339 branches as part of a bid to cut expenses by $150-$200 million this year, Glen Mathison said."  Yahoo
07-29-2004 |
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UK consumer debt hits 1 trillion "The amount of money owed by consumers has broken through the symbolic 1 trillion barrier for the first time."  BBC
07-29-2004 |
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Freeze Against Yukos Units Is Lifted "The Justice Ministry lifted a freeze on the property of three subsidiaries of the Yukos oil giant, according to documents made available Thursday. The company had warned the freeze could force it to stop pumping within days."  AP
07-29-2004 |
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Shell Agrees to Pay $120M Penalty "The Royal Dutch/Shell Group of Cos. agreed to pay a $120 million penalty to U.S. authorities for the company's misstatement of its oil and gas reserves."  AP
07-29-2004 |
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Iraqi Officials Delay National Conference "The Iraqi national conference, considered a key step in the country's efforts to move toward democracy, has been postponed for two weeks, a conference spokesman said Thursday, a day after a devastating car bomb north of Baghdad."  AP
07-29-2004 |
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U.S. 2nd-Quarter Employment Cost Index Rises 0.9 Percent "The employment cost index rose 0.9 percent from April through June, compared with 1.1 percent from January through March, the Labor Department said in Washington."  Bloomberg
07-29-2004 |
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U.S. Initial Jobless Claims Rose by 4,000 to 345,000 Last Week "The number of Americans filing new claims for jobless benefits rose more than expected last week, an increase that may be exaggerated because of seasonal closings in the auto industry."  Bloomberg
07-29-2004 |
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U.S. Jobless Claims Seen at 340,000 Last Week, Survey Shows "The number of Americans filing initial jobless claims may have held last week at a level that suggests payrolls are steadily expanding, economists said in advance of a report today from the Labor Department."  Bloomberg
07-29-2004 |
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Fed's McTeer slams euro, says may hurt growth " In a rare blast of public euro-skepticism, a top U.S. Federal Reserve official criticized the euro on Wednesday, calling it a politically motivated project that may slow growth."  Yahoo
07-29-2004 |
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New Zealand lifts rates again "New Zealand's central bank has again moved to ease inflation pressures, raising its key interest rate by 0.25 percentage points to 6.0 percent -- a level last seen in April 2001."  CNN
07-29-2004 |
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U.S.'s Goldman Sachs nearing China venture "Premier U.S. investment bank Goldman Sachs Group Inc. is close to setting up a groundbreaking venture in China that could make it the first foreign firm able to arrange equity and bond deals in the country, the Financial Times reported on Thursday."  Reuters
07-29-2004 |
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Saudis propose Muslim troops for Iraq "Saudi Arabia has proposed to the United States that troops from Arab or Muslim nations could be sent to Iraq, Saudi officials said after talks with U.S. Secretary of State Colin Powell."  Reuters
07-29-2004 |
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Japan retail sales slide in June "Japanese retail sales fell in June as bad weather and fewer shopping days kept many consumers at home."  BBC
07-29-2004 |
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Parmalat Avoids Fines, Agrees to Reforms "Italian dairy giant Parmalat, accused by U.S. regulators of one of the biggest financial frauds in history, on Wednesday agreed to make corporate reforms but was not fined in a settlement accord."  AP
07-29-2004 |
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FTC Clears Way for Sony-BMG Merger "Federal antitrust regulators cleared the way Wednesday for the proposed merger between Sony Music Entertainment and BMG, the music unit of the German media conglomerate Bertelsmann AG."  AP
07-29-2004 |
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Cooper Cos to Buy Ocular for $1.2 Bln "Vision care products maker Cooper Cos. on Wednesday said it agreed to buy rival Ocular Sciences Inc. for $1.2 billion in cash and stock, in a bid to create the world's third-largest contact lens company."  Reuters
07-29-2004 |
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Kerry Formally Selected as Democratic Party's Candidate "Massachusetts Senator John Kerry was officially selected as the Democratic Party's candidate to face President George W. Bush in the November election."  Bloomberg
07-29-2004 |
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Edwards Promises 'Hope Is on the Way' "John Edwards introduced himself to voters on Wednesday with an uplifting tribute to John Kerry as a 'decisive, strong' leader and promised struggling Americans that 'hope is on the way.'"  Yahoo
07-28-2004 |
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Iraq Captors Kill Two Pakistani Hostages "Militants in Iraq have killed two Pakistani hostages and have released an Iraqi, Al Jazeera television said on Wednesday."  Yahoo
07-28-2004 |
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Recovery Hopes Survive Weak Durable Goods "The Commerce Department said on Wednesday orders for big-ticket items meant to last at least three years rose 0.7 percent after shrinking 0.9 percent in May. May's drop was revised from a 1.8 percent decline."  Reuters
07-28-2004 |
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FOREX-Dollar mixed after tepid Fed report on economy "The dollar fell marginally against the euro but rose versus the yen on Wednesday as a fairly tepid Federal Reserve report on the U.S. economy failed to dispel the view that it is growing at a healthy clip."  Yahoo
07-28-2004 |
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U.S. Growth Rates Patchy - Fed " The U.S. economy moved ahead in June and the first part of July but the pace of growth varied by geography, the Federal Reserve said on Wednesday in its "beige book" economic report."  Reuters
07-28-2004 |
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Iraqi governor's sons taken captive "A group of armed men torched the house of the governor of Iraq's Anbar province after seizing three of his children in a day that also saw US forces suffer many casualties."  Aljazeera
07-28-2004 |
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Pension vote win for Berlusconi "The Italian parliament has passed long-awaited pension reforms, paving the way for a rise in the national retirement age."  BBC
07-28-2004 |
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Reynolds' Shareholders OK Merger With B&W "Shareholders of R.J. Reynolds Tobacco Co. overwhelmingly approved a $4.2 billion merger with Brown & Williamson Tobacco Corp. on Wednesday, clearing the way for completion of the deal."  AP
07-28-2004 |
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Stocks Fall as Oil Prices Hit 21-Yr High "U.S. stocks fell on Wednesday as oil prices spiked to a new 21-year higher on news that Russia's largest oil firm is halting production."  Reuters
07-28-2004 |
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Citigroup, Three Other Brokers to Settle Bond Probe "Citigroup Inc., Goldman Sachs Group Inc., Deutsche Bank AG and Miller Tabak Roberts Securities LLC agreed to pay a total of $20 million to settle allegations they overcharged high-yield corporate-bond investors."  Bloomberg
07-28-2004 |
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Crude Oil Rises to Record After Yukos Says It May Cut Output "Crude oil futures rose to a record after OAO Yukos Oil Co., Russia's biggest oil exporter, said the government ordered a halt to production from its main Siberian unit."  Bloomberg
07-28-2004 |
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Yukos ordered to stop selling oil "Russian authorities have ordered the oil giant Yukos to stop selling oil, the company has said."  BBC
07-28-2004 |
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Treasuries Eke Out Gains After Mixed Data "Treasury prices struggled to rally on Wednesday as durable goods data proved soft on first sight, though upward revisions to past figures complicated the picture."  Yahoo
07-28-2004 |
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Mortgage Applications, Most Rates Rise "New applications for U.S. mortgages climbed last week for the first time in three weeks as most mortgage interest rates increased, an industry group said on Wednesday."  Yahoo
07-28-2004 |
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Iraq Car Bomb Targets Police Station; 68 Killed " A suicide car bomber today drove into a crowd of people waiting in line for jobs at a police station in the central Iraqi city of Baqubah, a government spokesman said. The blast killed 68 Iraqis and wounded another 56, the Associated Press said, citing the Health Ministry."  Bloomberg
07-28-2004 |
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U.S. June Durables Orders Rise 0.7%; Ex-Transport. Down 0.6% "U.S. orders for durable goods rose 0.7 percent in June, the first increase in three months, reflecting greater demand for autos and business equipment, a government report showed."  Bloomberg
07-28-2004 |
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U.S. Durable Goods Orders Seen Rising, Fed to Issue Beige Book "U.S. orders for durable goods probably rose for the first time in three months in June on demand for electronics, communications equipment and machinery, a survey of economists showed in advance of today's government report."  Bloomberg
07-28-2004 |
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Bush Seen Projecting Record Deficit "The White House is expected to project soon a record federal budget deficit of about $420 billion for 2004, which could give ammunition to both sides of the election-year debate over tax and spending policies."  Yahoo
07-27-2004 |
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PLEASE Take our SHORT Reader Survey
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07-27-2004 |
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Oil Hits $42 on Supply Gloom Before Data "U.S. oil prices touched $42 a barrel on Tuesday, as speculative funds took a spate of refinery problems and forecasts of shrinking U.S. crude stockpiles as their cue to bid the market higher."  Yahoo
07-27-2004 |
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Dollar Gains Versus Yen, Euro as U.S. Consumer Confidence Rises "The dollar jumped to the highest in six weeks against the yen and climbed versus the euro after U.S. consumer confidence rose more than expected to a two-year high."  Bloomberg
07-27-2004 |
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Treasuries Weaken as Rising Confidence Adds to Rate Speculation "U.S. Treasury notes fell, pushing 10- year yields to the highest since July 2, after a bigger-than- forecast gain in consumer confidence added to speculation the Federal Reserve will boost its benchmark interest rate four more times this year."  Bloomberg
07-27-2004 |
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MGM, Mandalay Say FTC Wants More Info "MGM and Mandalay, whose deal must clear state regulators and the Federal Trade Commission, would own a combined 28 properties, including one-third of the casinos on the Las Vegas Strip and about half its hotel rooms."  Reuters
07-27-2004 |
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U.S. June New Home Sales Fall 0.8% to 1.326 Million Annual Rate "U.S. new home sales fell less than forecast to a 1.326 million annual rate in June, the second- fastest on record, a government report showed, evidence more jobs and higher incomes are keeping homes affordable as interest rates rise."  Bloomberg
07-27-2004 |
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U.S. July Consumer Confidence Rises to 106.1 From 102.8 in June "Consumer confidence in the U.S. economy rose this month to a two-year high as expectations for the job market improved, a private survey found."  Bloomberg
07-27-2004 |
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Democrats Aim to Show Kerry's Softer Side "Democrats shift gears on Tuesday on their convention's second night, as John Kerry's wife shows a personal side of the White House hopeful and the son of a Republican icon takes a star turn at the podium."  Reuters
07-27-2004 |
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Brazil's Levy sees minimum 4 pct growth in '05,'06 "Brazilian Treasury Secretary Joaquim Levy said he expected the nation's economy to grow at least 4 percent in 2005 and 2006 and possibly more if investment is increased sufficiently."  Yahoo
07-27-2004 |
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WTO Chief: 'Lot of Work' Needed for Deal "World Trade Organization (WTO) chief Supachai Panitchpakdi said on Tuesday "a lot of work" was needed if rich and poorer countries were to reach a key deal this week on shaping a new global trade."  Reuters
07-27-2004 |
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Tokyo Court Seeks to Scrap Bank Merger "The planned merger between two of Japan's megabanks to create the world's biggest bank ran into a major obstacle Tuesday when a Tokyo court demanded the merger talks be scrapped. UFJ Holdings Inc., one of the banks, said it will fight the order."  AP
07-27-2004 |
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Palestinian Leader Retracts Resignation "Palestinian Prime Minister Ahmed Qureia retracted his resignation Tuesday, ending a two-week standoff with Yasser Arafat that raised profound questions the Palestinian leader's ability to rein in dissident elements of his ruling Fatah movement."  AP
07-27-2004 |
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Treasuries Defensive; Await Data, Supply "U.S. Treasury prices slipped for a second session on Tuesday as bears sold in anticipation of upbeat economic data and traders looked to cheapen prices before $35 billion in new supply."  Reuters
07-27-2004 |
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Iraqi Killed, 14 Coalition Soldiers Injured in Baghdad Attack "One Iraqi civilian was killed and 14 coalition soldiers were injured in a mortar attack today on a residential district in central Baghdad, the U.S. military said."  Bloomberg
07-27-2004 |
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Dollar Struggles to Rise Ahead of U.S. Data "The dollar struggled to rise against major rivals on Tuesday as caution set in ahead of a range of data that is seen key to gauging the buoyancy of the U.S. economic recovery."  Yahoo
07-27-2004 |
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Iraqi Militants Seize Four New Hostages "Kidnappers released an Egyptian diplomat they had seized outside a mosque, but two other militant groups threatened to kill four new foreign hostages amid an escalating wave of kidnappings aimed at forcing U.S.-allied countries and foreign contractors out of Iraq."  AP
07-27-2004 |
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Dell's Japan 2nd-Quarter Market Share Rose to 12.2% "Dell Inc., the world's biggest personal-computer maker, raised its share of Japan's PC market to 12.2 percent in the three months to June from 10.5 percent in the previous quarter, aided by sales to corporations, the company said."  Bloomberg
07-27-2004 |
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U.S. July Consumer Confidence Seen Little Changed, Survey Shows "A Bloomberg News survey calls for a reading of 102 in the Conference Board's consumer confidence index for July. The index was 101.9 a month earlier and hasn't been higher since it was 106.3 in June 2002. July numbers are being released at 10 a.m. today, New York time."  Bloomberg
07-27-2004 |
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Democrats Open Convention with Call to Arms "Former President Bill Clinton, opening the Democratic Party's national convention, praised John Kerry's leadership on Monday and vowed to be a "foot soldier in the fight" to drive President Bush from the White House."  Yahoo
07-26-2004 |
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Mexico's economy shrinks 0.51 pct in May vs April "Mexican economic activity contracted 0.51 percent in May from April, the government said on Monday, reflecting a month of relatively weak industrial production despite an overall economic recovery."  Yahoo
07-26-2004 |
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US criminal numbers hit new high "The US has nearly 6.9 million people - roughly 3.2% of the adult population - in prison or on probation or parole, a Justice Department report reveals."  BBC
07-26-2004 |
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Europe threatens Sudan sanctions "The European Union has urged the United Nations to threaten Sudan with sanctions over the violence in Darfur."  BBC
07-26-2004 |
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Boise Cascade to Sell Its Assets for $3.2B "Boise Cascade Corp. plans to sell its paper and timber assets to a private investment group for about $3.2 billion in cash to focus on worldwide distribution of office products."  AP
07-26-2004 |
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Dollar Weakens Vs Euro, Yen "The dollar weakened against the euro on Monday in a technically driven market, losing some of the luster the U.S. currency gained from strong U.S. economic data and the Federal Reserve's optimism on the economy."   Reuters
07-26-2004 |
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2,000 US Troops Killed So Far In Iraq? "The United States suffers far heavier casualties in Iraq than it officially admits, a Russia military diplomat claimed. The actual U.S. military losses in Iraq may have reached 2,000 personnel, more than twice the official figure of 900.  Rense
07-26-2004 |
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U.S. Treasuries Decline as Home Sales Point to Faster Growth "U.S. Treasury notes fell in New York after home sales unexpectedly rose in June and speculation increased that other reports this week will add to evidence economic growth rebounded this month."  Bloomberg
07-26-2004 |
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U.S. June Existing-Home Sales Rise 2.1% to 6.95 Million Rate "U.S. sales of previously owned houses rose 2.1 percent in June to a record annual pace of 6.95 million, the National Association of Realtors said. Last month's pace compares with a revised 6.81 million in May, the association said. Sales were forecast to fall to 6.65 million in June from a previously reported 6.80 million for May."  Bloomberg
07-26-2004 |
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Dollar Takes Step Before New Data "The dollar slipped from last week's three-week highs against the euro on Monday as the market waited data to see if fresh data supported Federal Reserve chief Alan Greenspan's recent optimism on the U.S. economy."  Yahoo
07-26-2004 |
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Google Sets IPO Between $108-$135 a Share "The Mountain View, California-based company said it will list shares of its Class A common stock on the Nasdaq under the symbol 'GOOG.'"  Reuters
07-26-2004 |
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Iraq Attacks Kill Official, 7 Others in Three Cities "An Iraqi Interior Ministry official and seven other people were killed today by attackers in the capital, Baghdad, the northern city of Mosul and Basra in the south, military and government officials said."  Bloomberg
07-26-2004 |
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Mylan to Buy King Pharma for $4 Bln - WSJ "Mylan Laboratories Inc., the biggest U.S. maker of generic drugs, has agreed to buy King Pharmaceuticals Inc. for $4 billion to expand its branded-drug business, the Wall Street Journal reported on Monday, citing unidentified people familiar with the situation."  Yahoo
07-26-2004 |
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Car Bombs Hit Baghdad and Near U.S. Base in Mosul "Suspected car bombs hit Baghdad and near a U.S. base in northern Iraq on Monday in fresh security challenges to the interim Iraqi government ahead of a major political gathering expected this week."  Reuters
07-26-2004 |
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U.S. Oil Price Rises to Near $42 "Oil prices rose on Monday as disruptions to refined products output in Germany and South Korea ahead of winter gave added impetus to speculative fund buyers who were capitalizing on fears of unstable crude supplies."  Yahoo
07-26-2004 |
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Brewers go on the road to promote merger "Molson and Adolph Coors, the two North American brewers, will today embark on a week-long roadshow to persuade investors to support their "merger of equals", which is facing a possible counter-bid from a dissident member of the Molson family."  FT
07-26-2004 |
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Abbey expected to unveil takeover "UK mortgage bank Abbey National's board is expected to announce a takeover by Spanish bank BSCH on Monday."  BBC
07-26-2004 |
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Israelis Form Human Chain Across Gaza "Israelis formed a human chain stretching 55 miles from Gaza to Jerusalem to protest Prime Minister Ariel Sharon's Gaza Strip withdrawal plan, as violence left six Palestinian militants dead and five Israeli children wounded."  AP
07-26-2004 |
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Iraq Fighting Leaves 15 Militants Dead "U.S. and Iraqi troops backed by heavy artillery and helicopters killed 15 insurgents in fighting Sunday that began in palm groves and ended in dusty streets of a city north of Baghdad as violence surged throughout the country."  AP
07-26-2004 |
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Democrats Promise Upbeat Convention for Kerry "A unified Democratic Party on Sunday readied an upbeat, positive coronation for White House hopeful John Kerry on the eve of a national convention held amid unprecedented security -- but without threatened union disruptions."  Reuters
07-26-2004 |
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PNM Resources to Purchase TNP to Expand in Southwest "PNM Resources Inc., owner of New Mexico's largest utility, agreed to buy TNP Enterprises, which sells power in Texas and New Mexico, for $189 million in cash and stock from a group of investors to expand in the Southwest. PNM will assume $835 million in debt and preferred stock."  Bloomberg
07-26-2004 |
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Dollar Pauses Vs Rivals But Gains Eyed "The dollar caught its breath on Monday after gaining on improving market sentiment on the U.S. economy following an upbeat assessment by U.S. Federal Reserve Chairman Alan Greenspan."  Yahoo
07-26-2004 |
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Former Boeing CFO to Plead Guilty "Chief Financial Officer Michael Sears agreed to plead guilty to conspiring to deceive the U.S. government about negotiations for a contract to provide the Air Force with refueling jets, according to a report by Bloomberg News on Sunday."  Yahoo
07-25-2004 |
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Fed's View Too Rosy for Some Analysts "The Federal Reserve's latest economic forecasts assume a perfect blend of growth and inflation, but analysts suspect the central bank is heading for disappointment on both counts."  Reuters
07-25-2004 |
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Earnings, Oil to Weigh on Stocks "Nagging worries about corporate earnings and spiking oil prices are set to keep stocks under pressure this week, dissuading investors from diving back into the market."  Reuters
07-25-2004 |
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Hopes Raised for Release of Seven Hostages in Iraq "A Kuwaiti company said on Sunday it had received assurances that seven of its employees being held hostage by militants in Iraq would be freed."  Reuters
07-25-2004 |
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Slower Consumer Spending Restrains Growth: U.S. Economy Preview "The U.S. economy probably grew at a slower pace in the second quarter than in the prior three months as consumers, who spent more for gasoline, cut back on other purchases, economists forecast the government's initial report to show Friday."  Bloomberg
07-25-2004 |
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Kerry Trails Bush in Electoral Votes "John Kerry narrowly trails President Bush in the battle for the 270 electoral votes needed to win the White House, as he makes his case at the Democratic National Convention this week to topple the Republican incumbent. Tall hurdles remain in his path, including Electoral College math that favors Bush."  AP
07-24-2004 |
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CEO Bonuses May Rise, Payout May Lag "With U.S. corporate earnings surging, CEOs should again see big gains in annual cash bonuses. But even if they exceed performance targets, their 2004 compensation may be collared by a weak stock market."  Reuters
07-24-2004 |
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Purported Threat to Italy and Australia Over Iraq :A purported statement from militants linked to Osama bin Laden's al Qaeda threatened Italy and Australia Saturday with attacks if they did not withdraw their troops from Iraq."  Reuters
07-24-2004 |
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Egyptian Diplomat Abducted in Iraq "Militants kidnapped a senior Egyptian diplomat as he left a mosque Friday and demanded his country abandon any plans to send security experts to support Iraq's new government, according to a video broadcast on the Al-Jazeera television station."  AP
07-23-2004 |
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Anthem merger in doubt over latest roadblock "California's insurance commissioner has rejected the Indianapolis-based company's proposed $16.4 billion deal with WellPoint, officials said today."  Indystar
07-23-2004 |
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Crude Oil Gains as Yukos Cash Shortfall Prompts Supply Concern "Oil futures rose for a third day amid concern supplies could be hampered if Russia's government seizes the nation's No. 2 oil company."  Bloomberg
07-23-2004 |
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Mexico Central Bank Raises Interest Rates "Mexico's central bank tightened monetary policy on Friday, hoping to rein in a recent jump in prices that endangered its 2004 inflation goal. The bank raised its money-market "short" to 41 million pesos per day from 37 million pesos. An increase in the short, the bank's main monetary policy tool, reduces overnight lending to banks and tends to push interest rates higher."  iWon
07-23-2004 |
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Stocks Fall; Dow Below 10,000 Level "U.S. stocks fell on Friday, with the blue-chip Dow falling below the psychologically key 10,000 level, dragged lower by disappointing results from Dow components Coca-Cola Co. and Microsoft Corp."  Yahoo
07-23-2004 |
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Dollar Poised to End 5-Week Slide on Faster Rate-Increase View
"The dollar rose against the euro, heading for its first weekly gain in six, on speculation the Federal Reserve will raise interest rates at a faster pace this year than investors expected." 
 Bloomberg
07-23-2004 |
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OPEC plans a massive rise in oil production "Before the end of the current year the Organisation of the Petroleum Exporting Countries (OPEC) will raise the volume of its oil output by no less than 10 per cent, OPEC president Purnomo Yusgiantoro, Indonesia's Minister of Energy and Mining Industry, told journalists in Vienna on Thursday."  NewsFromRussia
07-23-2004 |
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UK investor group offers to rescue Yukos Oil | newratings_ "A British consortium of private investors has reportedly offered to pay the tax bills of Yukos Oil (YUSA.FSE) in return for the company's shares owned by Mikhail Khodorkovsky and his partners."  Newratings
07-23-2004 |
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US Congress calls Darfur crisis 'genocide' "Genocide is being committed in Sudan's Darfur region, according to a new US Congress resolution."  BBC
07-23-2004 |
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Earnings!  
07-23-2004 |
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Iraq Bombing Kills Two U.S. Soldiers Near the City of Samarra "The bombing of a convoy left two U.S. soldiers dead and another injured near the northern Iraqi city of Samarra, the military said today."  Bloomberg
07-23-2004 |
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U.S. Planes Target Zarqawi Network in Iraqi City of Fallujah "U.S. aircraft attacked a hideout of Abu Musab al-Zarqawi's al-Qaeda-linked terrorist network in the Iraqi city of Fallujah early today, a military statement said."  Bloomberg
07-23-2004 |
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Congress Approves $416 Billion for Pentagon "The U.S. Congress on Thursday sent President Bush a $416.2 billion defense spending bill for signing that includes $25 billion in emergency funds for operations in Iraq and Afghanistan."  Reuters
07-23-2004 |
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US nuclear lab staff put on leave "The US's leading centre for nuclear weapons research have sent 15 employees on leave amid an investigation into the disappearance of secret information."  BBC
07-23-2004 |
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Dollar Set for First Weekly Gain in 6; Four Fed Increases Seen "The dollar headed for its first weekly gain in six versus the euro in Asia on speculation the world's biggest economy will grow fast enough for the Federal Reserve to lift its key interest-rate four more times this year."  Bloomberg
07-23-2004 |
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DaimlerChrysler, Workers Reach Accord on Cost Cuts "DaimlerChrysler AG and workers' representatives reached an agreement over a plan by the world's fifth-biggest carmaker to cut 500 million euros ($612 million) in costs, a union spokesman said."  Bloomberg
07-23-2004 |
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Dollar Up Vs Euro, Greenspan Rally Wanes "The dollar was slightly higher against the euro on Thursday after a week-long rally by the U.S. currency appeared to be running out of steam, traders said."  Yahoo
07-22-2004 |
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Oil Futures Surge as Competing Fuel Costs Boost Factory Demand "Supplies of gas in the nation's underground storage caverns and reservoirs gained less than the median forecast by analysts in a Bloomberg survey. Gas competes with oil products to fuel five to 10 percent of U.S. factories and power plants. U.S. oil supplies fell by 3.2 million barrels in the week ended Friday, the Energy Department said."  Bloomberg
07-22-2004 |
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S&P 500 Rises; SBC Communications, Technology Stocks Lead Gains "Some investors bid shares higher after the Dow Jones Industrial Average dipped below 10,000 for the first time in two months. Both the S&P 500 and Dow average are down more than 3.6 percent this month on concern rising interest rates and oil prices will put a drag on earnings and economic growth. The S&P 500 has advanced twice in the last seven trading sessions."  Bloomberg
07-22-2004 |
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Dollar holds at two-week highs vs. European rivals "The dollar reached two-week peaks against the euro, Swiss franc and British pound after Greenspan told U.S. lawmakers that June's economic slowdown appeared short-lived. His viewpoint led financial markets to price in stronger odds for a series of monthly rate hikes by year's end."  CBS
07-22-2004 |
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Treasuries Up as Techs Hit 9-Mth Low "U.S. Treasury prices recouped early losses to move higher on Thursday, helped by a drop in tech stocks to a nine-month trough that made fixed-income debt more attractive."  Yahoo
07-22-2004 |
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Marines Kill 25 Insurgents in Ramadi "U.S. Marines killed 25 insurgents and captured 25 others during fierce fighting in Ramadi, a hotbed of the insurgency against U.S. and Iraqi forces, the American military said Thursday. A decapitated body, meanwhile, was found on the banks of the Tigris River in northern Iraq."  AP
07-22-2004 |
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DU.S. Reports 94 Cases of Prisoner Abuse "The U.S. military has found 94 cases of confirmed or alleged abuse of prisoners by U.S. soldiers in Iraq and Afghanistan since the fall of 2001, the Army's inspector general said Thursday in a long-awaited report made public at a hastily called Senate hearing."  AP
07-22-2004 |
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UPS Earnings Rise 18 Percent  Reuters
07-22-2004 |
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McDonald's Profit Up 25 Percent  Reuters
07-22-2004 |
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Sept 11 Panel Points to Many Bush, Clinton Failings "U.S. leaders and intelligence agencies failed for many years to grasp the gravity of the threat posed by radical Islamists and suffered from a collective "failure of imagination," the commission investigating the Sept. 11 attacks said in its final report."  Reuters
07-22-2004 |
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AT&T Retreats from Residential Market "AT&T Corp. said on Thursday it would no longer compete for traditional residential customers, a historic retreat the once-dominant "Ma Bell" blamed on changing government regulations and consumer demands."  Reuters
07-22-2004 |
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U.S. Jobless Claims Fall; Leading Indicators Have First Decrease in a Year "The number of Americans filing new claims for unemployment benefits fell last week, suggesting the labor market improved after a month that Federal Reserve Chairman Alan Greenspan called a ``soft patch'' in the economy."  Bloomberg
07-22-2004 |
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Molson, Adolph Coors Agree to Combine in Share Swap "Molson Inc., Canada's biggest beermaker, and No. 3 U.S. brewer Adolph Coors Co. agreed to merge in a share swap, seeking to compete better with Anheuser-Busch Cos. and Interbrew SA for customers and acquisitions."  Bloomberg
07-22-2004 |
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U.S. Jobless Claims Seen at 345,000 Last Week, Survey Shows "The number of Americans filing initial jobless claims may have held near this year's average last week, economists said ahead of today's government report."  Bloomberg
07-22-2004 |
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DreamWorks Animation Files for $650 Million IPO "Jeffrey Katzenberg plans to take the animation unit of DreamWorks SKG public in a $650 million share sale that will allow the studio to double its film production and increase its challenge to Walt Disney Co."  Bloomberg
07-21-2004 |
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Flood Toll Nears 800 in Asia "Flood waters swept into the largest city in India's northeast on Wednesday and further submerged the Bangladeshi capital as fresh rains in Asia took the rainy season death toll to nearly 800."  Yahoo
07-21-2004 |
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Earnings Archives  
07-21-2004 |
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Heineken declines comment on Molson bid speculation "Broker SNS said the Coors-Molson merger talks were important for Heineken because it affected its position on the Canadian market and in Brazil, where Heineken and Molson jointly own Kaiser."  Reuters
07-21-2004 |
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U.S. Notes Decline; Greenspan Fuels Speculation Rates to Rise "Greenspan's testimony yesterday spurred expectations the Fed will raise its target rate for overnight lending between banks by a quarter point at each of the four meetings left in 2004. The decline in bonds trimmed gains that cut 10-year yields by as much as half a percentage point since June, when the economy added fewer jobs and consumer prices rose less than some had forecast."  Bloomberg
07-21-2004 |
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Bank unanimous on freezing rates "Members of the Bank of England's Monetary Policy Committee (MPC) voted unanimously against a third successive rate rise at July's meeting."  BBC
07-21-2004 |
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Arafat urged to let premier quit "The Palestinian legislature has called on Yasser Arafat to allow Prime Minister Ahmed Qurei to stand over a security crisis in the Gaza Strip."  BBC
07-21-2004 |
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Hoon outlines armed forces cuts "Defence Secretary Geoff Hoon has announced large cuts in the armed forces as part of modernisation plans. By 2008 the RAF will shed 7,500 jobs, the Navy 1,500 with a further 10,000 civilian posts also lost. Aircraft, tank and ship numbers will also be cut."  BBC
07-21-2004 |
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Delta Pilots Offer New Concessions Package "Delta Air Lines' pilots union offered management a new wage concession proposal late Tuesday that it says will save the struggling carrier as much as $705 million annually."  AP
07-21-2004 |
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Saudis Find Head of Slain U.S. Hostage in Riyadh "Saudi security forces found the head of slain U.S. hostage Paul Johnson in a fridge when they raided a villa in Riyadh on Tuesday night, a security source said on Wednesday."  Reuters
07-21-2004 |
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U.S. Soldier Dies in Iraq; Marks 900th Military Death "One U.S. soldier was killed by a roadside bomb in Duluiyah, north of Baghdad, the military said. The death brings to 900 the number of American military personnel who have died in Iraq since the conflict began."  Bloomberg
07-21-2004 |
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Yen Strengthens as Japan Doubles 2004 Economic Growth Forecast "The yen strengthened against the dollar and the euro in Europe as Japan's Cabinet Office almost doubled its economic growth estimate for the fiscal year to March to 3.5 percent, the fastest in eight years."  Bloomberg
07-21-2004 |
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Nikkei Up 1.4 Percent by Midday "Tokyo's Nikkei stock average rose 1.4 percent by midday on Wednesday after a jump in U.S. stocks encouraged investors to buy back technology shares such as Tokyo Electron Ltd."  Yahoo
07-21-2004 |
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U.N. Demands Israel Tear Down Barrier "The U.N. General Assembly overwhelmingly adopted a resolution Tuesday demanding that Israel comply with a world court decision and tear down the barrier it is building to seal off the West Bank. A defiant Israel vowed to continue construction."  AP
07-21-2004 |
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Dollar Gains After Greenspan Says Slowdown Will Be Short-Lived "The dollar rose by the most against the euro in more than a month and climbed against the yen after Federal Reserve Chairman Alan Greenspan said a slowdown in consumer spending 'should prove short-lived.'"  Bloomberg
07-20-2004 |
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Texas Instruments Profit Up  Yahoo
07-20-2004 |
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Microsoft Starts $30 Billion Buyback, Boosts Dividend "Microsoft Corp., the world's biggest software maker, said it will buy back as much as $30 billion in shares over four years and set a one-time dividend of $3 a share."  Bloomberg
07-20-2004 |
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Sun Micro Posts Profit  Yahoo
07-20-2004 |
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Treasury Notes Tumble After Greenspan Says Slump `Short-Lived' "Demand for government debt weakened on speculation Greenspan's comments mean the Fed is prepared to raise rates at each of its four remaining meetings this year, starting Aug. 10. Treasuries, led by the two-year note, had their biggest drop in three weeks."  Bloomberg
07-20-2004 |
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U.S. Fed's Greenspan Monetary Policy Report to Senate "The following is the statement of Federal Reserve Chairman Alan Greenspan's before the Committee on Banking, Housing, and Urban Affairs, United States Senate..."  Bloomberg
07-20-2004 |
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Greenspan Calls Inflation-Led Spending Slump `Short-Lived' "Federal Reserve Chairman Alan Greenspan said a recent slowdown in consumer spending because of inflation ``should prove short-lived'' and that the central bank can continue to raise interest rates at a ``measured'' pace."  Bloomberg
07-20-2004 |
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Treasuries Down Before Greenspan's Speech "U.S. Treasury debt prices crept lower on Tuesday as investors anxiously awaited testimony from Federal Reserve Chairman Alan Greenspan on the outlook for future interest rate hikes."  Yahoo
07-20-2004 |
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Grasso Countersues NYSE for $50 Million "Former New York Stock Exchange chief Richard A. Grasso lashed back at the exchange Tuesday, suing it for at least $50 million, claiming breach of contract and defamation on the part of officials including current NYSE chairman John Reed."  Forbes
07-20-2004 |
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Berger investigated for taking classified reports "President Clinton's national security adviser, Samuel R. Berger, is the focus of a criminal investigation after removing highly classified documents and handwritten notes from a secure reading room while preparing for the September 11 commission hearings."  The Washington Times
07-20-2004 |
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EDS inks $1.1bn integration deal with Bank of America "The contract is an extension of a deal inked last year that saw the troubled tech services company upgrading and managing the bank's voice and data network for 10 years at cost of $4.5bn."  Silicon
07-20-2004 |
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Oil stays above $41 as supplies stretched "Oil prices eased slightly Tuesday but held above $41 a barrel, supported by concerns that robust world demand is stretching supplies to the limit."  CNN
07-20-2004 |
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UK mortgage lending rises sharply "Mortgage lending rose sharply in June, figures from the British Bankers' Association (BBA) have shown. Lending rose by 6.5bn, up from 5.1bn in May, and breached the recent monthly average of 5.7bn."  BBC
07-20-2004 |
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Bailiffs to sell off Yukos unit "Bailiffs will sell off the main production unit of Russian oil giant Yukos to pay its $3.4bn tax bill - at what Yukos says is a knock-down price."  BBC
07-20-2004 |
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Airbus Signs $7B Deal With Etihad Airways "European aircraft maker Airbus signed a deal Tuesday worth more than $7 billion to sell 24 airplanes to Abu Dhabi-based Etihad Airways, including four of its new A380 jumbo jets."  AP
07-20-2004 |
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Filipino Hostage Freed in Iraq After Troops Leave "A Filipino truck driver held hostage in Iraq for two weeks was freed Tuesday, a day after Manila withdrew its troops in response to demands from kidnappers who had threatened to behead him."  Reuters
07-20-2004 |
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U.S. Housing Starts Fell 8.5% to a 1.802 Million Rate in June "U.S. housing starts unexpectedly fell in June to the lowest level in a year, suggesting residential construction will contribute less to economic growth in coming months."  Bloomberg
07-20-2004 |
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Wal-Mart and Target Report Rising Sales  The New York Times
07-20-2004 |
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Iraqi defense official slain "Gunmen yesterday killed a senior Iraqi defense official and a suicide bomber blew up a Baghdad police station, killing 10 and wounding at least 60, as insurgents continued a deadly campaign targeting Iraq's new government."  The Washington Times
07-20-2004 |
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Filipino hostage still held in Iraq despite troop withdrawal "A kidnapped Filipino truck driver was Tuesday still being held by kidnappers in Iraq, officials said, despite the withdrawal of all Filipino troops from the country. The Philippine government Monday bowed to the kidnappers' demands by completing the withdrawal of the small contingent of police and troops from Iraq, more than one month ahead of schedule."  Channelnewsasia
07-20-2004 |
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Sony and BMG merger backed by EU "The planned merger between music giants Sony and Bertelsmann (BMG) has been given the green light by the European Union, with no strings attached."  BBC
07-20-2004 |
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EU parliament begins new session "Members of the newly-elected European Parliament meet for the first time in Strasbourg on Tuesday. A total of 732 members were elected last month from 25 European countries, including the 10 new member states which joined the European Union in May."  BBC
07-20-2004 |
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Gas Prices Rise for Second Straight Week "The retail price of gasoline rose for the second week in a row, climbing to nearly $1.93 per gallon, after declining during the five previous weeks, the Energy Department reported Monday."  AP
07-20-2004 |
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Dollar Up, Seen Capped Before Greenspan "The dollar edged up against major currencies on Tuesday but traders said its movements would be muted ahead of a speech by U.S. Federal Reserve Chairman Alan Greenspan later in the day."  Reuters
07-20-2004 |
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Asian Techs Fall; Dollar Awaits Greenspan "Asian technology shares tumbled Tuesday as a broker downgrade of AU Optronics unnerved investors ahead of key U.S. earnings reports, while the dollar rose before testimony by Fed chief Alan Greenspan."  Reuters
07-20-2004 |
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Coors, Molson Confirm Merger Talks "The deal, if completed, would likely offer little or no premium to shareholders of either company and split the executive jobs among the two companies. The terms being discussed include naming Molson Chairman Eric Molson the combined company's chairman, while Coors Chief Executive Officer Leo Kiely would be CEO, the companies said in a joint statement."  Reuters
07-20-2004 |
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Bush: U.S. Looking Into Whether Iran Involved in 9/11 "President Bush said on Monday the United States was trying to determine whether Iran was involved in the Sept. 11 plot and accused the government of harboring al Qaeda leaders."  Reuters
07-20-2004 |
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Google to Disclose Financials " Google is expected to give an indication of how much it expects bidders to pay for its shares in an updated initial public offering filing as soon as this week, according to potential investors."  Reuters
07-20-2004 |
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Marine Hassoun Says He Was Held by Iraq Insurgents " U.S. Marine Corporal Wassef Ali Hassoun, who went missing last month in Iraq before turning up in Beirut, denied he abandoned his unit and said he was held captive by insurgents."  Bloomberg
07-20-2004 |
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U.S. Housing Starts Probably Increased Last Month, Survey Shows "U.S. housing starts probably rose to 1.99 million units at an annual pace in June, a month after sales of new homes soared to a record, economists said before a report today from the Commerce Department."  Bloomberg
07-20-2004 |
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Halliburton's Iran Business Subject to Criminal Probe "Halliburton Co., the world's largest oilfield services company, said federal prosecutors subpoenaed documents in an investigation of whether the company violated U.S. laws by doing business in Iran."  Bloomberg
07-20-2004 |
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Greenspan May Say Gradual Rate Increases Will Control Inflation "Federal Reserve Chairman Alan Greenspan will likely tell Congress today that the U.S. needs only gradual interest-rate increases, even as he and other policy makers raise their inflation forecast."  Bloomberg
07-20-2004 |
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Flextronics Posts Net Profit  Yahoo
07-19-2004 |
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Coors, Molson Mull Merger "Adolph Coors Co., the No. 3 U.S. brewer, is engaged in talks to merge with Canadian brewing company Molson Inc., hoping to create a more powerful rival to market leaders SABMiller (London:SAB.L - News) and Anheuser-Busch, sources close to the situation said on Monday."  Yahoo
07-19-2004 |
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Earnings Archives  
07-19-2004 |
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Treasuries Down Before Greenspan's Speech "U.S. Treasury prices eased on Monday, as investors kept a tight rein on their positions ahead of Federal Reserve Chairman Alan Greenspan's twice-yearly speech on monetary policy Tuesday."  Yahoo
07-19-2004 |
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Citigroup, Merrill, Morgan Stanley fined by NASD "The NASD has censured and fined Citigroup Inc. , Merrill Lynch & Co. and Morgan Stanley $250,000 each for failing to produce documents in 20 arbitration cases from 2002 to 2004, the regulator said on Monday."  Yahoo
07-19-2004 |
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Crude Oil Steady as OPEC, Iraq Shipments Ease Supply Concern "Oil prices were little changed at a six-week high as 12 days of uninterrupted output from terminals in Iraq and an agreement to lift output by the Organization of Petroleum Exporting Countries eased concern about supplies."  Bloomberg
07-19-2004 |
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Webster Financial to buy First City Bank for $33 million "Webster Financial Corp. Monday said it agreed to purchase a fellow Connecticut bank, First City Bank, for about $33 million, in a move to strengthen its presence in the Hartford area."  Newsday
07-19-2004 |
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EDS Gets $1.1B Bank of America Pact "Electronic Data Systems Corp., which provides the financial industry with information technology, on Monday said it received an 8 1/2 year, $1.1 billion outsourcing agreement from Bank of America Corp. to integrate the bank's communications infrastructure with that of its recently acquired Fleet Boston Financial Corp."  Forbes
07-19-2004 |
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Boeing Lands 13 Plane Emirates Deal " Dubai-based airline Emirates announced a deal for 13 Boeing Co. 777 jets worth up to $3 billion at the Farnborough air show on Monday. The deal includes orders for four of the wide-body 777-300ER extended-range planes and options to buy nine more."  Reuters
07-19-2004 |
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Baghdad Bombing Targets Police; Nine Killed " A vehicle bombing in Baghdad killed seven people and injured 40 in an attack targeting an Iraqi police station, the U.S.-led military coalition said. The Associated Press said a fuel truck exploded, killing nine."  Bloomberg
07-19-2004 |
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Bayer to Buy Roche Over the Counter Unit "Bayer AG will buy Swiss Roche's over-the-counter drugs unit for 2.38 billion euros ($2.94 billion) in a move analysts say will improve profitability at the German drugs and chemicals group."  Yahoo
07-19-2004 |
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Militants Sack, Burn Palestinian Offices "Militants sacked and burned Palestinian government offices Sunday, the latest sign of growing anger over Yasser Arafat's decision to reach into his old guard and choose a loyalist relative as his new security chief."  AP
07-19-2004 |
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Asian Techs Fall, Dollar at 4-Month Low "Technology stocks such as TSMC fell in otherwise flat Asian markets on Monday on worries about the sector's outlook, while the dollar stayed near four-month lows against the euro following weak inflation data."  Reuters
07-19-2004 |
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Zarqawi Group Puts Bounty on Iraqi PM's Head "A group led by suspected al Qaeda ally Abu Musab al-Zarqawi offered a reward of $282,000 on Sunday for the killing of Iraqi Prime Minister Iyad Allawi, according to a statement posted on an Islamist Web site."  Reuters
07-19-2004 |
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Gaza Gunmen Issue New Challenge to Arafat's Rule "Palestinian gunmen issued a fresh challenge to Yasser Arafat's rule on Monday in a standoff that followed a weekend of growing violence in the Gaza Strip, demanding police leave a compound so they could set it alight."  Reuters
07-19-2004 |
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Dollar May Drop for Sixth Week vs Euro, Survey Shows "The dollar may extend its slide against the euro this week on speculation Federal Reserve Chairman Alan Greenspan will signal in testimony to Congress the central bank will stick to a plan to raise interest rates gradually, a Bloomberg News survey indicates."  Bloomberg
07-19-2004 |
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U.S. Treasury Notes Poised to End Longest Rally Since September "The U.S. 10-year Treasury note may decline for the first week in six, ending its longest rally since September, on speculation yields are too low given the prospect for Federal Reserve interest rate increases."  Bloomberg
07-19-2004 |
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Housing Starts Seen as Rising in June: U.S. Economy Preview "Home construction may have increased in June to the second fastest pace this year, as housing proves one of the most resilient contributors to economic growth."  Bloomberg
07-19-2004 |
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Client Conflicts May Hit Gray Global Bid "Potential bidders for U.S. advertising conglomerate Gray Global will need convincing strategies for two top clients who could put a squeeze on a deal, according to industry watchers."  Yahoo
07-18-2004 |
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Italy names new economy minister "Italy's Prime Minister Silvio Berlusconi has named treasury head Domenico Siniscalco as the country's new economy minister."  BBC
07-18-2004 |
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Brazilians protest over recession "Thousands of Brazilians have taken to the streets in protest at the slow recovery of the country's worst recession in more than a decade."  BBC
07-18-2004 |
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Judge OKs $4.2B Halliburton Asbestos Plan "Halliburton Co. has won court approval for its $4.2 billion plan for settling asbestos-related health claims and a judge's signature on Chapter 11 bankruptcy restructuring plans for several of its key business units."  AP
07-18-2004 |
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Trade 'Road Map' Faces Rough WTO Ride " A proposed deal for troubled global trade talks may get a rough ride from World Trade Organization (WTO) states on Monday, but rival camps are likely to stop short of rejecting it altogether, trade sources say."  Reuters
07-18-2004 |
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Greenspan to Reassure Congress on Prices "Federal Reserve Chairman Alan Greenspan will go before Congress this week armed with data showing the U.S. economy is solid and free of dangerous price pressures that could force rapid interest-rate rises."  Reuters
07-18-2004 |
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U.S. Air Raid on Suspected Militants in Iraqm " U.S. forces launched an air strike on suspected guerrillas allied to al Qaeda in the rebellious city of Falluja on Sunday, and local doctors said at least 12 people were killed."  Reuters
07-18-2004 |
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Remaining Philippine Troops to Leave Iraq on Monday "The Philippines said on Sunday its remaining troops will leave Iraq on Monday to save the life of a Filipino hostage threatened with beheading unless the country pulls its humanitarian contingent out of Baghdad."  Yahoo
07-18-2004 |
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Execs Named in Invesco Suit Leave Company "Two executives and a defendant named in a lawsuit against Invesco over improper trading are no longer working for it or an affiliated company, a spokesman for the affiliated company said on Saturday."  Yahoo
07-18-2004 |
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2 Calif. Macy's Stores Stage 1-Day Strike "More than 1,500 workers from two Macy's stores in San Francisco walked off the job on Saturday in a one-day strike to protest pay rates and insufficient sick days."  Yahoo
07-18-2004 |
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Iraqi Justice Minister Escapes Suicide Car Bomb "Iraq (news - web sites)'s justice minister escaped unscathed but five bodyguards were killed when a suicide car bomber drove into his convoy in an attack claimed by a group led by al Qaeda ally Abu Musab al-Zarqawi."  Yahoo
07-17-2004 |
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U.S. Addiction to Foreign Oil Deepens "U.S. domestic oil production has dropped five percent since this year's peak in February and near-record oil prices are unlikely to inspire drillers to slow the country's deepening dependence on foreign oil, experts say."  Yahoo
07-17-2004 |
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Dollar Falls on Softer Data "The dollar tumbled to a four-month low against the euro on Friday and also dropped against other major currencies as a string of U.S. economic reports signaled steady, but slowing growth."  Yahoo
07-16-2004 |
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Iraqi PM executed six insurgents: witnesses "Iyad Allawi executed as many as six suspected insurgents at a Baghdad police station at the end of June. The explosive claims in tomorrow's Sydney Morning Herald and Age newspapers allege that the prisoners were handcuffed and blindfolded, lined up against a courtyard wall and shot by the Iraqi Prime Minister."  Lateline
07-16-2004 |
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Ford Recalls 899,060 Cars in 22 States " Ford Motor Co. has recalled 899,060 Taurus and Mercury Sable sedans registered in cold-weather states due to defective front springs that can break and puncture a tire, according to the National Highway Traffic Safety Administration."  Yahoo
07-16-2004 |
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Text of Martha Stewart Statement in Court "Text of the statement read by Martha Stewart in court Friday before U.S. District Judge Miriam Goldman Cedarbaum sentenced her to five months in prison, as transcribed by Southern District Reporters, P.C."  Yahoo
07-16-2004 |
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Consumer Confidence Improves in July "U.S. consumer sentiment improved in early July, supported by a relatively healthy jobs market and a fairly optimistic outlook on the world's largest economy, according to a survey released on Friday."  Reuters
07-16-2004 |
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Euro Hits 4-Month High Vs Dollar"The euro surged to 4-month highs against the dollar on Friday after a University of Michigan consumer sentiment report came in below expectations."  Yahoo
07-16-2004 |
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Crude Oil Rises to Six-Week High as Surplus Capacity Shrinks "Oil prices rose to a six-week high amid concern Saudi Arabia and other oil producers have inadequate surplus capacity to meet demand from North America, Asia and Europe should terrorists disrupt global supplies."  Bloomberg
07-16-2004 |
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U.S. Treasuries Rise After Core Inflation Rate Slowed in June "U.S. Treasury notes rose after a government report showed a slower rate of inflation, raising speculation the Federal Reserve can stick to its policy of 'measured' increases in its key interest rate."  Bloomberg
07-16-2004 |
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Philippine troops start leaving Iraq "The Philippines has begun pulling troops out of Iraq to save the life of a Filipino hostage, ignoring calls from the United States and other allies not to bow to kidnappers' demands."  Reuters
07-16-2004 |
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Oil output increase to go ahead "An oil production increase by Opec member countries will go ahead on 1 August, despite the cancellation of a ministerial meeting next week."  BBC
07-16-2004 |
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Japanese banks plan merger dates "UFJ, Japan's fourth biggest bank, hopes to sign a deal with rival Mitsubishi Tokyo Financial Group (MTFG) to create the world's biggest bank by next autumn."  BBC
07-16-2004 |
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India Fire Kills at Least 73 Children "A fire raged through a school building in southern India on Friday, killing at least 73 children and injuring more than 100, a local government official said."  AP
07-16-2004 |
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U.S. June Consumer Prices Rise 0.3%; Core Index Rises 0.1% "Prices paid by U.S. consumers in June rose 0.3 percent, the seventh consecutive increase, government figures showed. Prices excluding food and energy rose the least since December."  Bloomberg
07-16-2004 |
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Blair Loses One Seat, Nearly Two, After Iraq Report "Tony Blair's Labour party lost one key parliamentary by-election and narrowly avoided defeat in another Friday in the wake of a damning report on Iraq."  Yahoo
07-16-2004 |
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Dollar rises above 110 yen, one-month high "The dollar rose above 110 yen on Friday to a one-month high, following a mixed bag of U.S. economic data released overnight, including producer prices and a survey on business conditions, Tokyo dealers said."  Yahoo
07-16-2004 |
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China says Q2 GDP up 9.6 pct on year earlier "China's second-quarter gross domestic product increased 9.6 percent from a year earlier, lower than many estimates, data showed on Friday. Analysts say the economy may have even shrunk from the previous quarter because of a raft of cooling measures."  Yahoo
07-16-2004 |
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Senate Approves Australian Trade Pact "The Senate approved a free trade agreement with Australia on Thursday, despite concerns that the accord could block efforts to allow imports of low-price medicine into the United States."  The New York Times
07-16-2004 |
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U.S. House Votes to Cut Saudi Arabian Aid in Terrorism Protest "The U.S. House of Representatives voted to cut financial aid to Saudi Arabia, as lawmakers registered their protest over the level of cooperation on terrorism from the world's largest oil producer."  Bloomberg
07-16-2004 |
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Dollar to Fall on Current Account Deficit, Bies Says "The dollar will fall against foreign currencies because of a ``very large'' U.S. current account deficit, Federal Reserve Governor Susan Bies said."Q  Bloomberg
07-16-2004 |
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U.S. June Consumer Price Index Seen Rising 0.2%, Survey Shows "Prices paid by U.S. consumers may have risen for a seventh straight month in June, economists said in advance of today's report from the Labor Department."  Bloomberg
07-16-2004 |
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Headless body found in Iraq river "A headless body in an orange jumpsuit has been found in the Tigris River in Baghdad, the US military has said."  BBC
07-15-2004 |
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OPEC to Up Daily Oil Production Target "With the price of oil stuck above $40 a barrel, OPEC decided Thursday to raise its daily production target by 500,000 barrels, or 2 percent, in an effort to keep crude prices from lurching even higher."  AP
07-15-2004 |
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Former Tyco Lawyer Not Guilty of Fraud "Tyco International Ltd.'s former general counsel, Mark Belnick, on Thursday was found not guilty of securities fraud and grand larceny in connection with his role as the top attorney at the conglomerate."  Reuters
07-15-2004 |
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Iraq Forms New Spy Agency, Car Bomb Kills 10 "Iraq's interim prime minister announced the formation of a new spy agency to fight insurgents Thursday, hours after a car bomb killed 10 people including several policemen and two children northwest of Baghdad."  Reuters
07-15-2004 |
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Dollar Rises as Gauges of Regional U.S. Manufacturing Surge "The dollar rose against the euro and yen in New York after manufacturing in the northeastern U.S. expanded more than forecast this month, easing concern among some investors that the economy is slowing."  Bloomberg
07-15-2004 |
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U.S. June Producer Prices Fall 0.3%; Core Up 0.2% "U.S. producer prices fell 0.3 percent last month, the biggest drop in more than a year, reflecting declines in energy and food costs, a government report showed."  Bloomberg
07-15-2004 |
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U.S. June Industrial Output Unexpectedly Falls 0.3% "U.S. industrial production unexpectedly fell for the first time since March, led by a slowdown in car production, a Federal Reserve report showed."  Bloomberg
07-15-2004 |
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Earnings!  
07-15-2004 |
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Marriott Quarterly Profit Up  Yahoo
07-15-2004 |
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Harrah's to Buy Caesars for About $9.44 Billion, Including Debt "Harrah's Entertainment Inc., the No. 2 U.S. casino company, agreed to buy Caesars Entertainment Inc. for about $9.44 billion in cash, stock and assumed debt."  Bloomberg
07-15-2004 |
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Insurance Rates Drop in Second Quarter "After several years of soaring prices, a majority of businesses are beginning to pay less for insurance, according to an industrywide survey released on Thursday by the Risk and Insurance Management Society."  Yahoo
07-15-2004 |
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Dollar Little Changed Vs Major Currencies "The dollar was little changed against major currencies early on Thursday as investors awaited key U.S. inflation figures later in the day and on Friday that will give more hints about the direction of U.S. interest rates."  Yahoo
07-15-2004 |
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"Tired" Green abandons M&S bid "Retail tycoon Philip Green has dropped his planned 9.1-billion-pound bid for Marks & Spencer, but has left the door open for a fresh raid if the retailer's recovery plan runs aground."  Reuters
07-15-2004 |
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Peru hit by major workers' strike "At least 76 people have been arrested in Peru during a 24-hour strike against the free market economic policies of President Alejandro Toledo."  BBC
07-15-2004 |
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Baghdad Governor Slain "A suicide attacker detonated a car bomb Wednesday outside the fortified enclave housing the headquarters of Iraq's interim government, killing at least 10 people, and gunmen in northern Iraq assassinated a provincial governor."  AP
07-15-2004 |
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U.S. 10-Year Yields Hold Near April Lows; Production May Slow "U.S. 10-year Treasury yields may hold near their lowest since April on concern reports on manufacturing activity today may add to evidence of slowing economic growth, reinforcing the central bank will rein in any rate increases."  Bloomberg
07-15-2004 |
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U.S. June Producer Price Index Seen Rising 0.2%: BN Survey "U.S. producer prices probably rose 0.2 percent last month, the smallest increase since February, restrained by a drop in energy costs, according to economists in advance of a government report today."  Bloomberg
07-15-2004 |
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Nymex Oil Rallies to Six-Week High as U.S. Crude Supplies Drop "Crude-oil futures rose to a six-week high in New York after the U.S. government reported the largest withdrawal of oil from storage in three months amid surging fuel demand in the world's biggest gasoline market."  Bloomberg
07-14-2004 |
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Divided SEC Proposes More Oversight of Hedge Funds "A divided U.S. Securities and Exchange Commission proposed that hedge fund managers be required to register with the agency, giving Chairman William Donaldson a victory in his campaign to open the $850 billion industry to greater scrutiny."  Bloomberg
07-14-2004 |
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U.S. Mortgage Applications Fall "New applications for U.S. mortgages fell for the week ending July 9, under pressure from lower demand for floating-rate home loans and reduced business activity during a holiday-shortened week, an industry group said on Wednesday."  Yahoo
07-14-2004 |
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U.S. Senate Blocks Bid to Vote on Gay Marriage Ban "The U.S. Senate blocked an attempt to amend the Constitution to ban same-sex marriage, dealing a defeat to President George W. Bush, who made his support for the measure part of his re-election campaign."  Bloomberg
07-14-2004 |
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Oil Holds Near $40 After Inventory Report "U.S. oil prices held just below $40 on Wednesday as a weekly U.S. government report showed a fall in crude and gasoline stockpiles but a rise in heating oil inventory."  Yahoo
07-14-2004 |
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Harrah's Near Deal to Buy Caesars-Source "Harrah's Entertainment Inc. is close to a deal to buy rival Caesars Entertainment Inc. for around $10 billion, merging the two largest U.S. casino operators, a person close to the talks said on Wednesday."  Yahoo
07-14-2004 |
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Dollar Falls Against Euro After Retail Report, Issing Remarks "The dollar fell against the euro for the first day in three after U.S. retail sales dropped the most since February 2003, which some traders said may cause the Federal Reserve to ease the pace of interest-rate increases."  Bloomberg
07-14-2004 |
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Oil near $40 ahead of US fuel data "U.S. oil prices held just below $40 a barrel Wednesday ahead of a weekly U.S. government report expected to show a fresh increase in fuel stockpiles."  CNN
07-14-2004 |
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Delta reporting huge loss   The Cincinnati Post
07-14-2004 |
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Dollar Declines Against Euro Before U.S. Retail Sales Report "Today's decline comes after the U.S. currency yesterday had its biggest advance against the euro in two weeks, following a government report that showed the U.S. trade deficit unexpectedly narrowed in May. Retail sales may fall 0.8 percent, according to the median of 68 forecasts in a Bloomberg survey."  Bloomberg
07-14-2004 |
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S. Asia Monsoons Kill More Than 300 "Landslides in mountainous Nepal killed 11 people, and eight were reported dead when their boat capsized in India, bringing the death toll across South Asia from monsoon flooding to more than 300."  ABCNEWS
07-14-2004 |
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Rise in UK's unemployment total "Unemployment increased by 6,000 between March and May to 1,432,000, according to official data."  BBC
07-14-2004 |
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Tesco gains a foothold in China "Supermarket giant Tesco has announced its first foray into China with the purchase of a 50% stake in a 25-strong hypermarket chain for 140m ($260m)."  BBC
07-14-2004 |
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Inquiry: U.K. Iraq Intelligence'Flawed' "Prime Minister Tony Blair said he accepted the conclusions in Lord Butler's report in full, but that "getting rid of Saddam Hussein" was not a mistake. "Any mistakes made should not be laid at the door of our intelligence and security community," Blair told the House of Commons after the report was released."  AP
07-14-2004 |
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Import Prices Decline Unexpectedly "The price of goods imported into the United States declined unexpectedly last month, falling for the first time since September 2003, the government said on Wednesday in a report likely to ease inflation expectations."  Reuters
07-14-2004 |
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Blast Rocks Baghdad Compound; 10 Dead "An explosion rocked central Baghdad at a checkpoint of a fortified compound which houses the Iraqi government, and the U.S. and U.K. embassies, a U.K. embassy spokeswoman said."  Bloomberg
07-14-2004 |
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U.S. June Retail Sales Declined 1.1%; Ex-Autos Down 0.2% "Last month's decline, which reflected a drop in spending at automobile dealerships and department stores, followed a revised 1.4 percent increase in May, the Commerce Department said in Washington. Economists had forecast a 0.8 percent drop. Excluding vehicles and parts, sales fell 0.2 percent after rising 0.9 percent a month earlier."  Bloomberg
07-14-2004 |
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Crude oil prices recover most of their early falls "Crude futures recovered most of their early falls yesterday ahead of the weekly US commercial crude inventory report to be released today, which is expected to show an increase in crude and gasoline stockpiles."  FT
07-14-2004 |
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Aide to Bin Laden Surrenders "A Saudi confidant of Osama bin Laden surrendered in Iran and was flown to his home country Tuesday, Saudi officials said. The man, who in 2001 appeared in a videotape with bin Laden, is a potentially valuable asset in the hunt for the fugitive al Qaeda chief."  Washingtonpost
07-14-2004 |
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Investment still pours into China "The giant flow of foreign investment into China shows no sign of slowing down, official Chinese figures reveal."  BBC
07-14-2004 |
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Israel missiles hit Gaza workshop "Israeli helicopters fired missiles at a suspected weapons-making factory in Gaza City, the army said."  BBC
07-14-2004 |
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De Beers Pleads Guilty in Price-Fix Case "De Beers pleaded guilty Tuesday in a 10-year-old price-fixing case and agreed to pay a maximum $10 million fine, clearing the way for the diamond giant to resume selling diamonds directly in the lucrative U.S. market."  AP
07-14-2004 |
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Fed Study: House-Price Growth to Be Slow "U.S. house prices are likely to grow at the slowest pace in more than three decades as interest rates climb and land prices take a tumble over the next three years, researchers at the Federal Reserve have estimated in a new study."  AP
07-14-2004 |
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Pay Raises Remain Lower Than 1990s Levels "Despite an improved economy, cost-conscious employers are granting workers limited pay raises this year, and plan only slightly larger increases in 2005. Companies are budgeting pay increases of 3.3 percent to 3.5 percent this year - the third in a row below the 4 percent-plus level that was routine in the 1990s - and plan raises of 3.5 percent next year, according to a pair of surveys."  AP
07-14-2004 |
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U.S. Seeks to Protect Afghan Elections "Thousands of American troops have begun a new operation to prevent militants from derailing Afghanistan's first presidential election, the top U.S. commander here said Tuesday in an interview with The Associated Press."  AP
07-14-2004 |
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Militants Kill Bulgarian Hostage in Iraq "Militants led by suspected al Qaeda ally Abu Musab al-Zarqawi have killed a Bulgarian hostage in Iraq and vowed to execute a second Bulgarian within 24 hours, Al Jazeera reported on Tuesday."  Yahoo
07-13-2004 |
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Oil Retreats as Traders Take Profits "Oil prices fell on Tuesday as dealers pocketed profits from a $5 rally since the end of June that hit the buffers on Monday. U.S. light crude dropped 34 cents to $39.16 a barrel."  Reuters
07-13-2004 |
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Congressman Charles Rangle Arrested at Sudanese Embassy "Congressman Rangel, along with other members of the Congressional Black Caucus (CBC), are calling for an end to the genocide in Sudan. The CBC is demanding sanctions against the government of Sudan. Many of the protesters are planning to get arrested. In addition to being arrested, radio talk show host and civil rights leader, Joe Madison, will launch a hunger strike."  t r u t h o u t
07-13-2004 |
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Chechen Blast Targets Acting President's Convoy, Interfax Says "Acting Chechen President Sergei Abramov escaped injury when his convoy was targeted today in the capital, Grozny, in a bombing that killed one of his guards, Russia's Interfax news agency reported, citing officials."  Bloomberg
07-13-2004 |
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Court overturns finance ministers "The European Court of Justice has annulled a decision by EU finance ministers to suspend action against Germany and France over budget deficits."  BBC
07-13-2004 |
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Flood havoc mounts in South Asia "More than 10 million people across South Asia are battling what some officials are calling the worst monsoon floods for over a decade."  BBC
07-13-2004 |
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Iraq Police Net Over 500 Suspects in Baghdad "In the 15 months since the U.S.-led war that toppled Saddam Hussein, there has been widespread lawlessness in Baghdad and throughout the country. The former Iraqi president released all common criminals as part of an amnesty in October 2002, a move that many say has contributed to a surge in crime."  Reuters
07-13-2004 |
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U.S. Treasuries Fall on Concern About Faster Global Inflation "A report today showing inflation in the U.K. grew at its fastest pace since March 2003 comes before data this week on U.S. consumer, producer and import prices. Inflation erodes the value of fixed-income payments. Treasuries remained lower after the U.S. said its trade deficit unexpectedly narrowed in May."  Bloomberg
07-13-2004 |
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The U.S. Trade Gap Falls Unexpectedly "The U.S. trade deficit narrowed unexpectedly in May as stronger growth overseas and the weak U.S. dollar helped propel exports to record levels, government data released on Tuesday showed."  Reuters
07-13-2004 |
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Verizon Wireless Signs Pact with Lucent "Verizon Wireless said on Tuesday it awarded Lucent Technologies Inc. a contract worth at least $5 billion for software, network equipment and services to help it build high-speed Internet services."  Reuters
07-13-2004 |
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Dollar Rises After Report Shows U.S. Trade Deficit Narrowed "The dollar extended its gains against the euro and rose against the yen after the U.S. reported its trade deficit unexpectedly narrowed in May."  Bloomberg
07-13-2004 |
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Bank of America to Buy National Processing for $1.4 Billion "Bank of America Corp. the third- biggest U.S. bank, agreed to buy National Processing Inc. for $1.4 billion, or $26.60 a share."  Bloomberg
07-13-2004 |
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U.S. has no plan for election delay due to terrorism "Federal officials said Monday that they have taken no steps toward changing the date for the Nov. 2 presidential election if a terrorist attack should occur around that time."  USATODAY
07-13-2004 |
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India's communists vow opposition "India's communist parties have vowed to fight government plans to increase the level of foreign investment allowed in the country's economy."  BBC
07-13-2004 |
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Tokyo Stocks Down, but Dollar Up "The dollar was quoted at 108.70 yen at 11 a.m. Tuesday, up 0.98 yen from late Monday and above the 108.23 yen it bought in New York later that day."  AP
07-13-2004 |
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Blackout Hits Athens Month Before Olympics "The worst blackout in more than a decade hit Athens and southern Greece on Monday, leaving millions sweltering in a heat wave and raising concerns about whether the lights will go out at next month's Olympics."  AP
07-13-2004 |
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Small Business Optimism Gains in June "U.S. small businesses grew more optimistic last month as rising demand helped many increase prices but caused some problems in keeping shelves stocked, a survey released on Tuesday showed."  Reuters
07-13-2004 |
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Philippines Will Withdraw Troops From Iraq, Al-Jazeera Says "The Philippines will withdraw its troops from Iraq ``as soon as possible'' to save the life of a Filipino truck driver held hostage in Iraq, al-Jazeera reported, citing Philippine Deputy Foreign Minister Rafael Seguis."  Bloomberg
07-13-2004 |
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N.Y. Oil Climbs to 5-Week High as U.S. Gasoline Demand Soars "Crude oil rose to a five-week high in New York amid record U.S. fuel demand that's forcing oil companies to run refineries at close to maximum capacity to keep filling stations supplied in the world's largest gasoline market."  Bloomberg
07-12-2004 |
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Morgan Stanley, EEOC Settle Sex Discrimination Case "Morgan Stanley agreed to pay $54 million to settle a sex bias suit brought by the U.S. Equal Employment Opportunity Commission on the eve of opening arguments, the judge in the case said."  Bloomberg
07-12-2004 |
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Piper Jaffray Fined $2.4 Million by NASD for Improper IPO Sales "The agency accused the securities firm of ``spinning'' hot IPOs between 1999 and 2002, offering shares to 22 corporate executives in order to try and win investment banking business."  Bloomberg
07-12-2004 |
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Copper Futures Rise to Five-Week High in New York on Slump in Inventories "Copper futures in New York rose to a five-week high on concern that global inventories are shrinking as economic growth in the U.S. and China spurs rising demand for metal used in appliances, homes and automobiles."  Bloomberg
07-12-2004 |
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Japanese Stocks Climb "Foreign investors helped lift Japanese shares and, for a while, the yen on Monday after political worries eased, but European financial markets were quiet in the absence of a major trading impetus."  Yahoo
07-12-2004 |
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Wall Street seen mixed on chips, weaker dollar "The dollar fell to a four-month low against the euro (EUR=) on Monday, ahead of this week's raft of U.S. economic numbers, as investors started to scale back expectations for aggressive, dollar-supportive U.S. interest rate hikes after a series of softer-than-expected economic releases."  Yahoo
07-12-2004 |
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Mellon to Buy Vegas Money Manager Paragon "Mellon Financial Corp., which manages more than $675 billion and has been busy making acquisitions, on Monday said it agreed to buy privately held Paragon Asset Management Co. for an undisclosed sum."  Yahoo
07-12-2004 |
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Hedge Funds Turn to Congress in Opposing SEC's Regulatory Plans "Hedge funds including Citadel Investment Group and Cerberus Capital Management are turning to Congress for help to block the Securities and Exchange Commission's initiative to increase oversight of the $850 billion industry."  Bloomberg
07-12-2004 |
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Oil Prices Fall Again "Crude oil prices moved lower Monday, after slipping below the $40-a-barrel level Friday. The benchmark U.S. crude fell 33 cents, or 0.8%, to $39.63, while gasoline futures were slightly lower at $1.316 a gallon."  TheStreet
07-12-2004 |
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Iraq's Abu Ghraib Jail Attacked; 1 Wounded, U.S. Military Says "Insurgents late yesterday injured one person in a mortar attack on Baghdad's Abu Ghraib prison, which houses more than 2,300 inmates, the U.S. military said in an e- mailed statement."  Bloomberg
07-12-2004 |
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Foreign investors confident over Japan stocks "Foreign investors returned to the Japanese stock market in June, cheered by growing signs of a solid economic recovery, and analysts said their confidence will likely keep the buying trend intact. Contract-based net foreign buying of Japanese shares amounted to 874 billion yen ($8.12 billion) in June, after foreign investors had been net sellers of 52.6 billion yen in May, the Ministry of Finance (MOF) said on Monday."  Yahoo
07-12-2004 |
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Gasoline Prices Dip to $1.93/gallon "The average cost of retail gasoline in the United States fell slightly over the last two weeks, part of a continuing trend that began in late May, according to an industry analyst."  Reuters
07-12-2004 |
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U.S. Treasuries May Fall on Concern Inflation Is Quickening "U.S. 10-year Treasuries may fall on concern reports this week will show inflation is accelerating, curbing demand for debt as rising prices diminish the value of fixed-income payments."  Bloomberg
07-12-2004 |
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Japan's PM 'suffers poll setback' "Prime Minister Junichiro Koizumi's party has lost a significant number of seats in an upper house election, early results suggest."  BBC
07-12-2004 |
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Iraq and Syria 'to seal frontier' "Iraq says it has reached an agreement with Syria to seal their long desert border and stop the infiltration of foreign insurgents."  BBC
07-12-2004 |
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Senate Leaders Urge Bush to Name New CIA Director "Senate Intelligence Committee leaders called on President Bush on Sunday to name a new CIA director quickly amid heightened terror fears and widespread concerns about U.S. intelligence flaws."  Reuters
07-12-2004 |
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Filipino Hostage in Iraq Gets 48-Hour Reprieve "Islamic militants threatening to kill a Filipino hostage in Iraq gave the Philippines another 48 hours on Monday to agree to withdraw its troops, while two Bulgarian hostages were reported alive despite death threats."  Reuters
07-12-2004 |
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Yen Rises to 2-Week High as LDP Loses Fewer Seats Than Expected "The yen rose to its strongest in two weeks against the dollar in Asia after Japan's ruling Liberal Democratic Party lost fewer seats than some had expected and Prime Minister Junichiro Koizumi said he won't step down."  Bloomberg
07-12-2004 |
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Sharon defies court over barrier "Israeli Prime Minister Ariel Sharon has ordered building work to continue on Israel's West Bank barrier, despite a World Court ruling that it is illegal."  BBC
07-11-2004 |
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Four U.S. Marines Die in Western Iraq "Four U.S. marines who died in western Iraq Saturday lost their lives in a vehicle accident, not in combat, the U.S. military said Sunday."  Reuters
07-11-2004 |
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Russia's YUKOS Offers Gov't $7.5 Billion "Embattled Russian oil firm YUKOS has offered $7.5 billion to settle its tax arrears bill on condition it be given three years to pay, Interfax news agency quoted a senior YUKOS source as saying on Sunday."  Reuters
07-11-2004 |
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Trade Talks Move Slowly as Deadline Looms "Five key trading nations made some progress at weekend talks, but cautioned that many obstacles still lay ahead of an end-July deadline for an outline accord on global trade, officials said on Sunday."  Reuters
07-11-2004 |
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Manila Rebuffs Kidnappers in Iraq; Bulgarians Alive "A Filipino hostage in Iraq was in grave peril on Sunday after Manila rejected his captors' demands for an early withdrawal of its U.S.-allied troops."  Reuters
07-11-2004 |
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Kerry Gets 5-Point Lift in Newsweek Poll After Picking Edwards "Democratic presidential candidate John Kerry may have gained in his race against President George W. Bush by picking North Carolina Senator John Edwards as his running mate, a poll for Newsweek magazine found."  Bloomberg
07-11-2004 |
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Dollar Drops for 4th Week Versus Euro on Lower Growth Forecasts "The dollar declined for a fourth straight week against the euro as analysts scaled back estimates for U.S. economic growth and for the pace of interest-rate increases by the Federal Reserve."  Bloomberg
07-11-2004 |
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KfW, Marsh & McLennan Led U.S. Borrowers of $9.38 Bln Last Week "KfW Group and Marsh & McLennan Cos. led borrowers that sold $9.38 billion of debt in the U.S. last week, as issuers took advantage of a drop in borrowing costs."  Bloomberg
07-11-2004 |
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Retail Sales Seen Falling, Prices Rising: U.S. Economy Preview "Retail sales declined and manufacturing production stalled in June, signs of a respite in the U.S. economy, economists said two reports will probably show next week. Inflation data may show consumer prices drifted higher."  Bloomberg
07-11-2004 |
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SELECT COMMITTEE ON INTELLIGENCE UNITED STATES SENATE Full Report Here  The Emergency Email Network
07-09-2004 |
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Dollar slips to 4-month low on less hawkish view "Some of the mid-summer torpor was shaken out of the foreign exchange markets this week as the dollar slid to a four-month low against the euro. Negative momentum for the dollar began to pick up in mid-week, and pushed the single currency to a peak of $1.2423 in early London trade on Friday before week-end profit-taking and position-squaring led the pair to settle back around $1.238 as London traders headed out for the weekend."  FT
07-09-2004 |
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Treasuries Dip as Stock Strength Holds "U.S. Treasury prices dipped on Friday as stock markets pushed higher, but with little in the way of economic data, dealers had little incentive to push the market aggressively lower ahead of key data next week."  Yahoo
07-09-2004 |
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Oil Above $40 as Supply Concerns Linger "World oil prices held firm above $40 a barrel on Friday after weekly data showed surprisingly strong demand in the United States that is soaking up extra OPEC output and leaving little leeway for supply disruptions."  Yahoo
07-09-2004 |
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Rate Outlook, Attack Fears Hurt Dollar "The dollar struggled near a 3-1/2 month low versus the euro and a five-month low against the Swiss franc on Friday, weighed down by diminishing interest rate hike expectations and by security concerns in the United States."  Reuters
07-09-2004 |
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650th US soldier killed in Iraq "Another United States soldier was killed - the 650th since the Iraq invasion - and a fresh hostage drama reportedly unfolded, just two days after Prime Minister Iyad Allawi armed himself with emergency security powers."  IOL
07-09-2004 |
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Iraq oil deals 'by end of August' "Iraq's interim government is expected to award the first three post-war oil production contracts by the end of August, industry sources say."  BBC
07-09-2004 |
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Bush military records 'destroyed' "Military records relating to George W Bush's National Guard service more than 30 years ago have been accidentally destroyed, the Pentagon has said."  BBC
07-09-2004 |
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China's Industrial Output Slows Again "Growth in China's industrial output slowed for the fifth straight month in June as efforts to rein in dangerously fast economic growth appeared to be taking effect, the government reported Friday."  AP
07-09-2004 |
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Dana to Sell Parts Unit for $1.1 Billion "Auto parts maker Dana Corp. has agreed to sell its replacement parts business to private-equity firm Cypress Group for $1.1 billion, the companies said on Friday."  Reuters
07-09-2004 |
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EU, Philip Morris Reach $1.25 Bln Deal "The world's top tobacco company, Philip Morris, agreed on Friday to pay $1.25 billion to the European Union over 12 years to fight contraband cigarettes and end legal disputes with the EU over smuggling charges."  Reuters
07-09-2004 |
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U.S. Wholesale Inventories Rose 1.2% in May; Sales Up 0.5% "The increase reflected more imported autos, machinery and electrical equipment and brought the value of stocks to $305.5 billion after a 0.2 percent rise in April, the Commerce Department said in Washington. Sales increased 0.5 percent in May following a 0.9 percent rise."  Bloomberg
07-09-2004 |
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Dollar falls more than one yen from day's high "The dollar fell more than one yen on the day against the Japanese currency on Friday, pressured by gains in Japanese stocks/"  Yahoo
07-09-2004 |
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U.S. Wholesalers Added to Inventories in May, Survey Shows "U.S. wholesale inventories may have risen 0.5 percent in May, the eighth increase in the last nine months, as companies attempted to have enough goods on hand to satisfy demand, according to a survey of economists ahead of a government report today."  Bloomberg
07-09-2004 |
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U.S. Executives Buy More Shares as Rally Slows "Corporate insiders bought more of their companies' shares last quarter than in any period since the first three months of 2003 as a rally in U.S. stocks slowed."  Bloomberg
07-09-2004 |
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Bush Wins; House Leaves Patriot Act As Is "The Republican-led House bowed to a White House veto threat Thursday and stood by the USA Patriot Act, defeating an effort to block the part of the anti-terrorism law that helps the government investigate people's reading habits."  AP
07-09-2004 |
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Iraq Insurgency Larger Than Thought "The Iraq insurgency is far larger than the 5,000 guerrillas previously thought to be at its core, U.S. military officials say, and it's being led by well-armed Iraqi Sunnis angry at being pushed from power alongside Saddam Hussein."  AP
07-09-2004 |
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Adelphia's Rigas Guilty of Fraud "Adelphia Communications Corp. founder John Rigas and his son, Timothy, were found guilty on Thursday of fraud and conspiracy in the multibillion-dollar collapse of the cable television company."  Reuters
07-09-2004 |
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Dollar Drops to 3-Month Low Against Euro After Terror Warning "The dollar fell to a three-month low against the euro and declined against the yen in Asia after the U.S. warned al-Qaeda may attempt terrorist attacks and as analysts scaled back growth estimates."  Bloomberg
07-09-2004 |
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Oil May Fall Next Week on Rising OPEC Production, Survey Says "New York crude-oil futures may fall next week as rising output by the Organization of Petroleum Exporting Countries boosts inventories in consuming countries, according to a Bloomberg survey of traders and analysts."  Bloomberg
07-09-2004 |
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Pepsi Bottling Profit Rises  Yahoo
07-08-2004 |
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Oil Hits $40, Led by Strong Gasoline "U.S. crude oil hit $40 a barrel on Thursday for the first time since June 3 after gasoline futures led an afternoon rally on supply concerns and U.S. data showed a lower-than-expected rise in weekly crude oil stocks."  Yahoo
07-08-2004 |
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Putin Aide: Russia in Crisis Run on Banks "Russia's largest private bank acted to stop a run on deposits on Thursday as President Vladimir Putin's economic adviser said the country's banking industry was in crisis and blamed the government."  Yahoo
07-08-2004 |
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An about-face for mortgage rates "Long-term mortgage rates continue to move slowly lower, after a spring of rising rates. Freddie Mac's weekly report puts the average 30-year, fixed-rate mortgage at 6.01 percent, down from 6.24 percent last week. It is the third straight weekly decline for average 30-year rates."  Washington Business Journal
07-08-2004 |
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Bank keeps rate unchanged at 4.5% "The Bank of England has decided to leave interest rates at 4.5% for July.
Rates were left unchanged despite warnings from Bank of England governor Mervyn King that rates may have to keep rising to cool house prices." 
 BBC
07-08-2004 |
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Al-Qaeda 'targeting US election' "Al-Qaeda is aiming to attack the US to try to undermine the presidential election in November, Homeland Security Secretary Tom Ridge has warned."  BBC
07-08-2004 |
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Yukos Subsidiary's Accounts Are Frozen "Russia froze some accounts of a Yukos subsidiary Thursday, according to the Interfax news agency, after the deadline passed for the country's largest oil company to pay a back-taxes bill that officials say could drive it into bankruptcy."  AP
07-08-2004 |
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5 U.S. Soldiers Killed in Iraq Gunfire "Insurgents firing mortar rounds destroyed a headquarters used by U.S. and Iraqi forces in the city of Samarra on Thursday, killing five American soldiers and one Iraqi guardsman, the military said."  AP
07-08-2004 |
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Philip Morris-EU to Reach $1 Bln Accord "The EU Commission and Philip Morris, a unit of Altria Group, will say on Friday they have sealed a deal for the firm to pay $1 billion to help in anti-contraband and fraud efforts, an EU source said on Thursday."  Reuters
07-08-2004 |
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Retailers Blame Weather for Misses, Hmm "Major U.S. retailers on Thursday blamed unusually cool weather for disappointing June sales, with Wal-Mart Stores Inc. generating its smallest monthly sales gain in more than a year."  Reuters
07-08-2004 |
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Dollar Falls as Economic Data Disappoints "The dollar fell to a 3-month lows against the euro and Canadian dollar on Thursday after a report showing a sharper-than-expected drop in U.S. weekly jobless claims failed to alter the market's bearish sentiment on the U.S. currency."  Yahoo
07-08-2004 |
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Jobless Claims Lowest in Nearly 4 Years "U.S. jobless claims staged an unexpectedly steep fall to the lowest level in nearly four years with 39,000 fewer workers seeking aid, the government said on Thursday, but seasonal factors distorted the report."  Yahoo
07-08-2004 |
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Nikkei Closes at 5-Week Low"Japan's Nikkei average fell for a fifth day to hit a five-week closing low on Thursday, with better-than-expected machinery orders data unable to offset investor concerns over U.S. corporate earnings and a weekend election in Japan."  Yahoo
07-08-2004 |
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U.S. Jobless Claims Seen at 341,000 Last Week, Survey Shows "The number of Americans filing initial applications for unemployment insurance may have fallen last week, economists said ahead of a government report today."  Bloomberg
07-08-2004 |
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Ken Lay Indicted  
07-07-2004 |
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Taliban Kill Six Afghan Police, Kidnap Plot Foiled "The officers were killed in a clash in the Chakab area of Farah province where police prevented the kidnap of the foreign engineers who were working on a highway project, local police officer Shah Mohammad said."  Yahoo
07-07-2004 |
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Fuelling suspicion: the coalition and Iraq's oil billions "The US-controlled coalition in Baghdad is handing over power to an Iraqi government without having properly accounted for what it has done with some $20 billion of Iraq's own money, says a new report published by Christian Aid."  Reuters
07-07-2004 |
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U.S. Treasuries falter as auction disappoints "Treasury debt prices lost their early gains on Wednesday after an auction of new U.S. government debt drew somewhat disappointing demand compared to to other recent stellar sales."  Yahoo
07-07-2004 |
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Russia Bank Tries to Reassure Country "Russia's Central Bank chief moved to reassure the country on Wednesday that its banking sector was sound, and a major state-owned bank stepped in to rescue the largest casualty yet, the troubled Guta Bank."  Forbes
07-07-2004 |
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Europe Gold Gains More Than $10 "Gold prices jumped by more than 2.5 percent, or $10 an ounce, in Europe on Wednesday after the euro surged amid waning expectations of aggressive rises in U.S. interest rates that might revive the dollar."  Yahoo
07-07-2004 |
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Chain Store Sales Finish June in the Red "Sales at U.S. chain stores finished June below May's growth pace, as retailers failed to see strong business after the middle of the month, a report said on Wednesday."  Yahoo
07-07-2004 |
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Mortgage Applications Jumped Last Week "New applications for U.S. mortgages jumped last week, as interest rates on 30-year mortgages fell below 6 percent for the first time since mid-April, an industry group said on Wednesday."  Reuters
07-07-2004 |
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Oil Slips as Saudi Arabia Pledges Oil "World oil prices fell on Wednesday after leading exporter Saudi Arabia said the OPEC oil cartel would go ahead with plans to increase output. Prices also came under pressure after Iraq repaired a sabotaged pipeline and restored crude exports to near-normal levels."  Reuters
07-07-2004 |
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Five Die as Suicide Blast Rocks Sri Lanka Capital "At least five people were killed and 11 wounded when a suspected Tamil Tiger suicide bomber blew herself up inside a police station in the Sri Lankan capital on Wednesday, shattering more than two years of relative peace."  Reuters
07-07-2004 |
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Six Yemenis Charged in USS Cole Bombing "A security court Wednesday opened the first trial in the bombing of the USS Cole, charging six Yemenis with planning the October 2000 attack, claiming they were members of Osama bin Laden's terrorist network."  AP
07-07-2004 |
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Iraq Unveils Security Law Amid Clashes in Baghdad "Iraq's interim government announced a new security law on Wednesday giving itself wider powers to combat militants as insurgents battled U.S. troops and Iraqi forces in the heart of Baghdad."  Reuters
07-07-2004 |
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Pentagon Official Sought Contracts for Friends, L.A. Times Says " A Defense Department official allegedly conducted unauthorized inspections in Iraq and tried to get contracts for his friends, the Los Angeles Times reported on its Web site, citing unidentified Pentagon officials."  Bloomberg
07-07-2004 |
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Pimco's Gross Sees Risk of Rising Interest Rates "Rising interest rates threaten a global economy that is already ``more vulnerable than it has been'' in about 30 years, said Bill Gross, who runs the world's biggest bond fund at Pacific Investment Management Co."  Bloomberg
07-07-2004 |
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Grasso Used NYSE Funds to Finance Langone, Lipton Charities "Richard Grasso directed more than $24 million of New York Stock Exchange funds to charities during his eight years as chairman without disclosing what he was doing with members' money."  Bloomberg
07-07-2004 |
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Dollar Hits 3-Month Low Vs Euro "The dollar hit a three-month low against the euro and lost one percent on the day versus the yen on Wednesday, as economic data added to expectations that future hikes in U.S. interest rates might not be aggressive."  Bloomberg
07-07-2004 |
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Tokyo Stocks Lower; Dollar Higher Vs. Yen "The dollar was quoted at 109.06 yen at 11 a.m. Wednesday, down 0.34 yen from late Tuesday and below the 109.50 yen it bought in New York later that day."  AP
07-07-2004 |
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Analysts: Banner Year Ahead for Economy "The economy appears headed for a banner year despite a springtime spike in energy prices and a recent increase in interest rates."  AP
07-07-2004 |
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Austrian President Thomas Klestil Dies "President Thomas Klestil, who brought calm to an office frayed by controversy surrounding his predecessor's past in the Nazi army, died Tuesday just two days before he was to leave office. He was 71."  AP
07-07-2004 |
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Gas Price Below $1.90, Lowest in 9 Weeks "The average price U.S. drivers pay for gasoline fell below $1.90 a gallon for the first time in nine weeks, but crude oil costs are on the rise, the government said on Tuesday."  Reuters
07-07-2004 |
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Suicide Bomber Kills Six at Iraqi Funeral "A suicide bomber exploded a car in the middle of a funeral gathering in an Iraqi town north of Baghdad Tuesday, killing six people and wounding 35."  Yahoo
07-06-2004 |
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Job Picture Hazy "Employment research firm Challenger, Gray and Christmas said planned layoffs in the United States slipped to 64,343 in June, down from May's 73,368. But corporate hirings, which Challenger began tracking in May, fell to 38,377 workers, down 31 percent from May's 55,307."  Reuters
07-06-2004 |
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U.S. ISM Services Index Falls to 59.9 in June From 65.2 "The Institute for Supply Management's index of financial services, construction, retail and other non-manufacturing enterprises dropped to 59.9 last month from 65.2 in May. It reached a record 68.4 in April and has exceeded 50, indicating expansion, since April 2003."  Bloomberg
07-06-2004 |
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KERRY NAMES EDWARDS AS DEMOCRATIC VICE PRESIDENTIAL CANDIDATE "The following is a reformatted version of a press release issued by Democratic Presidential candidate John Kerry and obtained from e-mail. The release was confirmed with the sender."  Bloomberg
07-06-2004 |
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Journal Register to Buy 21st Century "Newspaper owner Journal Register Co. said Tuesday that it signed a definitive agreement to purchase 21st Century Newspapers Inc., a privately-held newspaper operator, for $415 million in cash."  Forbes
07-06-2004 |
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Conexant Cuts Outlook  Yahoo
07-06-2004 |
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Yen Moves Lower by Japan Election Worries "The yen slid to a two-week low against the dollar and a one-month low against the euro on Tuesday as jitters rose ahead of weekend elections and Japanese stock prices extended their recent slide."  Yahoo
07-06-2004 |
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Global Markets: Oil Price Rises Again "Oil prices jumped above $39 a barrel on worries about the security of supplies from Iraq, Russia and Nigeria on Tuesday."  Reuters
07-06-2004 |
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Apollo to Buy Borden Chemical From Kohlberg Kravis "Apollo Management LP agreed to buy Borden Chemical Inc., which makes resins, adhesives and specialty chemicals, from Kohlberg Kravis Roberts & Co., the world's biggest buyout firm, for $1.2 billion, including assumed debt."  Bloomberg
07-06-2004 |
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Kidnapped marine 'safe after defecting' to Islamists "Kidnapped US marine Wassef Ali Hassoun has been taken to "a place of safety" after he pledged not to return to the US military, his captors told al-Jazeera television in a statement yesterday."  Guardian Unlimited
07-06-2004 |
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Contractors Eyeing Iraq Following Handoff "One might think that a security firm would be among the few companies that would stand to benefit from the unstable security situation in Iraq."  AP
07-06-2004 |
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Coca-Cola Opens $8.3M Somalia Plant "After a 15-year absence, Coca-Cola Co. returned to Somalia Monday with the opening of a $8.3 million bottling plant."  AP
07-06-2004 |
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Poll Shows Run-Off in Indonesia Election "Indonesian voters frustrated by persistent corruption and poverty dealt a harsh blow to President Megawati Sukarnoputri, with a private poll Monday showing a former general pulling ahead to force a run-off in the country's presidential election."  AP
07-06-2004 |
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Dollar Rises Versus Yen "The dollar rose against the yen on Tuesday, but sell orders at key levels from Japanese exporters and a lack of fresh news kept a cap on the U.S. currency."  Reuters
07-06-2004 |
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Service Report May Show Fewer Jobs in June "U.S. 10-year notes may rise in Asia for a fifth day on speculation a report will show service companies added fewer workers in June, reinforcing the view the Federal Reserve won't need to speed up interest-rate increases."  Bloomberg
07-06-2004 |
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CSFB China Banker Christianson Quits, Following Mack "Credit Suisse Group's top China banker Wei Christianson is quitting the bank, the second senior executive to leave following the departure of co-chief executive John Mack 10 days ago."  Bloomberg
07-06-2004 |
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Libya buys US oil assets in Niger "Libya's state-owned Tam Oil Company has bought the Niger unit of the US oil major Exxon Mobil."  BBC
07-05-2004 |
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Yukos defaults on $1bn bank loan "Embattled Russian oil giant Yukos is under fresh pressure after being declared in default of a $1bn loan."  BBC
07-05-2004 |
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U.S. Airstrike on Fallujah House Kills 10 "The U.S military launched a coordinated airstrike Monday on a safehouse in the turbulent city of Fallujah, the military said. At least 10 people were killed, officials and witnesses said."  AP
07-05-2004 |
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Iraq Group Says U.S. Marine Taken to Safety " An Iraqi Islamist group said it has moved abducted U.S. marine Wassef Ali Hassoun to "a place of safety" after he pledged not to return to the American armed forces, Al Jazeera television said on Monday."  Reuters
07-05-2004 |
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Iraq Government Delays Security Law Announcement "Iraq's interim government on Monday again postponed an announcement on a security law to curb insurgents but gave no explanation for the latest delay."  Reuters
07-05-2004 |
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Yen Feels Pre-Election Heat, Dollar Off "The yen fell broadly on Monday as Tokyo stocks dropped and jitters grew ahead of Japanese parliamentary elections, while the dollar held near a one-month low on the euro following soft U.S. jobs data last week."  Reuters
07-05-2004 |
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Kerry Is Only Days Away From Announcing Running Mate, CBS Says "U.S. Democratic presidential candidate Senator John Kerry is only days away from announcing his choice of running mate for the November election, CBS News reported, citing unidentified party officials."  Bloomberg
07-05-2004 |
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Brent Crude Reaches One-Month High as Iraq Exports Fall by Half "Crude oil futures rose to a one-month high in London after a ruptured pipeline cut Iraqi exports by almost half, the third day shipments from the Middle East's fifth- largest oil-producing nation have been disrupted."  Bloomberg
07-05-2004 |
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U.S. to Sell $25 Billion of Government Debt This Week "The Treasury will auction $15 billion of five-year notes on Wednesday and $10 billion of 10-year Inflation-Protected Securities, or TIPS, on Thursday. Demand for TIPS, which are intended to provide investors with a hedge against rising prices, has increased this year as inflation has accelerated."  Bloomberg
07-05-2004 |
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Saboteurs Hit Iraq Strategic Oil Pipeline "Saboteurs attacked the oil pipeline linking Iraq's northern and southern oil fields on Sunday, witnesses and police said."  Reuters
07-04-2004 |
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Service Industry Seen Expanding in June: U.S. Economy Preview "The U.S. services economy, which accounts for the largest share of gross domestic product, probably expanded again in June, while initial filings for unemployment insurance last week may have declined, economists forecast before the two reports."  Bloomberg
07-04-2004 |
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Iraqi, Not U.S., Cash Spent on Rebuilding "The U.S. government has spent 2 percent of an $18.4 billion aid package that Congress approved last year after the Bush administration called for a quick infusion of cash into Iraq to finance reconstruction, according to figures released Friday by the White House."  Washingtonpost
07-04-2004 |
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Russian police raid Yukos offices "Police in Moscow have raided the headquarters of the embattled Russian oil company, Yukos."  BBC
07-04-2004 |
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Shopping 'Till the Stock Market Drops "The shop-till-you-drop consumers who have helped the economy through good times and bad are starting to show signs of weariness, and that's worrying Wall Street."  Reuters
07-04-2004 |
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Fireworks Unlikely to Spark Stocks "All quiet on the trading desk. With U.S. markets closed on Monday for Independence Day and a light financial calendar, Wall Street will be sparsely populated next week and stocks are expected to stay flat."  Reuters
07-04-2004 |
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Italy Economy Minister Quits, Berlusconi Steps In "Italian Economy Minister Giulio Tremonti was forced to quit on Saturday after a showdown with coalition allies, weakening Prime Minister Silvio Berlusconi at a time when government accounts face EU scrutiny."  Yahoo
07-03-2004 |
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Saboteurs Halve Iraqi Oil Exports "Guerrillas set a southern oil pipeline ablaze on Saturday, halving Iraq's vital crude exports, in the first major sabotage attack since an Iraqi interim government took over from the U.S.-led occupation."  Reuters
07-03-2004 |
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Bush Cites `Steady Progress' on U.S. Economy After Jobs Report "President George W. Bush said the economy is showing ``steady progress'' after the government yesterday said U.S. companies added 112,000 jobs in June, less than half the median forecast."  Bloomberg
07-03-2004 |
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Burger King CEO Blum Leaves "Burger King Corp., the world's No. 2 hamburger chain, on Friday said its chief executive, Brad Blum, has left the company after 18 months on the job due to strategic differences with the company's board of directors."  Yahoo
07-02-2004 |
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Payrolls and Earnings "Workers' average hourly earnings rose 0.1 percent, or 2 cents, after a 0.3 percent increase the previous month. Economists had expected a 0.3 percent increase in hourly wages. Average weekly earnings fell to $525.84 from $528.29 in May."  Bloomberg
07-02-2004 |
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Gold ends at four-day high as jobs data hits dollar "Gold futures rose for a third session Friday to close at a four-day high as disappointing figures on U.S. job growth weighed on the dollar and boosted investment demand for the metals."  Yahoo
07-02-2004 |
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Factories Orders Fall for 2nd Month in Row "The 0.3 percent drop in orders placed with U.S. factories came after a larger 1.1 percent decline in April, the Commerce Department reported Friday. It typified the sometimes bumpy recovery experienced by the nation's manufacturers."  AP
07-02-2004 |
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Oil Takes a Breather After 2-Day Rally "Oil prices ending down slightly on Friday after surging $3 in two days on concerns about low winter supplies ahead and fears that global oil flows could tighten again."  Reuters
07-02-2004 |
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Treasuries Up on Broadly Weak Jobs Report "Treasury debt prices surged on Friday after a surprisingly weak reading on U.S. employment prompted investors to rein in expectations for Federal Reserve rate hikes this year."  Yahoo
07-02-2004 |
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Dollar Falls Against Euro as U.S. Job Growth Is Below Forecasts "The dollar tumbled to a three-week low against the euro after the U.S. added less than half the number of jobs expected last month."  Bloomberg
07-02-2004 |
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Bomb and Rocket Attack in Baghdad, No Casualties "A boobytrapped bus exploded outside a mosque in central Baghdad on Friday morning and guerrillas fired three rockets at targets in the city but there were no casualties, police at the scene said."  Yahoo
07-02-2004 |
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US hints at Guantanamo releases "The US may try to head off legal challenges to the detention of terror suspects at Guantanamo Bay by releasing some prisoners, the Pentagon has said."  BBC
07-02-2004 |
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Yen Falls as Nikkei Dips, Data Awaited "The yen fell against the dollar on Friday, erasing gains made after a survey showing strong Japanese business sentiment the previous day, as investors took their cue from falling Tokyo share prices."  Reuters
07-02-2004 |
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Verizon Wireless to Buy Qwest Assets for $418 Mln "Verizon Wireless, the biggest U.S. mobile-telephone carrier, agreed to buy Qwest Communications International Inc.'s wireless assets for $418 million, adding call capacity in cities including Denver, Phoenix and Seattle."  Bloomberg
07-02-2004 |
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Hong Kong Stages Massive Democracy March "Angered by Beijing's decision ruling out full democracy in Hong Kong, hundreds of thousands of people marched Thursday to demand the right to choose their leader."  My Way News
07-02-2004 |
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U.S. June Auto Sales Decline 2% as General Motors, Ford Fall "U.S. auto sales fell 2 percent in June, led by declines at General Motors Corp. and Ford Motor Co. as incentives lured fewer buyers away from rivals' newer models. The annual sales pace dropped to its lowest level in six years."  Bloomberg
07-01-2004 |
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Goldman Settles SEC Charges for $2 Mln "The investment bank settled without admitting or denying allegations that it made illegal offers of securities by email to certain of its institutional customers, failed reasonably to supervise its employees and made inappropriate statements to the media, the SEC said."  Yahoo
07-01-2004 |
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Wendy's June Sales Slow  Yahoo
07-01-2004 |
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Oil Jumps for 2d Day After Saudi Signal "Oil prices jumped a dollar on Thursday, extending a strong rally from Wednesday when U.S. crude oil inventories fell and Saudi Arabia signaled that prices had come down far enough."  Yahoo
07-01-2004 |
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Treasuries Pull Back After Factory Report "The benchmark 10-year Treasury note dipped 5/32 in price, lifting its yield to 4.60 percent from 4.58 percent late on Wednesday. Yields are still well down on the week, however, courtesy of the Federal Reserve's promise to raise interest rates as gradually as inflation allows."  Yahoo
07-01-2004 |
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Marine Killed in Action in Western Iraq "A U.S. Marine was killed in action on Thursday in western Iraq, scene of clashes between American troops and insurgents on the outskirts of Falluja."  Yahoo
07-01-2004 |
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U.S. June ISM Manufacturing Index Falls to 61.1 From 62.8 " A reading greater than 50 signals expansion. The measure has exceeded 60 for eight straight months, the longest such stretch since July 1983-February 1984. The index reached 63.6 in January, the highest since December 1983."  Bloomberg
07-01-2004 |
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U.S. Construction Spending Rose 0.3% in May to $988.5 Billion "U.S. construction spending rose 0.3 percent in May to a record annual pace of $988.5 billion, led by work on housing, a government report showed."  Bloomberg
07-01-2004 |
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Dollar Firmer; Strong U.S. Jobs Expected "The dollar was marginally firmer against most major currencies on Thursday, as a jobless claims report, while weaker than expected, still suggested robust U.S. employment growth, analysts said."  Yahoo
07-01-2004 |
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Oil Slips After Rallying on Saudi Signal "Oil prices eased on Thursday as traders took profits from Wednesday's sharp rally when U.S. crude oil inventories fell and Saudi Arabia signaled that prices had dropped far enough."  Reuters
07-01-2004 |
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ECB Leaves Rates Unchanged "The European Central Bank left interest rates unchanged at 2.00 percent as expected on Thursday as inflation risks appear limited and the recovery path mixed in the 12-nation euro region."  Reuters
07-01-2004 |
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JP Morgan Chase, Bank One Complete Merger "The merger, one of the largest financial mergers in U.S. history, expands the Chase name to retail branches well beyond the Northeast and into the Midwest and the rapidly growing Southwest."  Reuters
07-01-2004 |
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Hussein Charged in Iraqi Court; Calls Bush `Criminal,' CNN Says "Deposed Iraqi dictator Saddam Hussein appeared in court today and was read seven charges against him for crimes committed during his 23-year rule, Cable News Network reported, citing the network's reporter in the courtroom."  Bloomberg
07-01-2004 |
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Charles River to Purchase Inveresk for $1.5 Billion "Charles River Laboratories International Inc., which has made 22 acquisitions since 1994, agreed to buy Inveresk Research Group Inc. for about $1.5 billion in cash and stock to expand its product testing for drugmakers."  Bloomberg
07-01-2004 |
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U.S. Initial Jobless Claims Rose by 1,000 to 351,000 "The number of U.S. workers filing new claims for jobless benefits unexpectedly rose last week to 351,000, a level economists said remains consistent with job growth."  Bloomberg
07-01-2004 |
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Banks Raise Prime Rates After Fed Move "Several U.S. banks raised their prime rates, the borrowing rates they charge their best customers and which serve as a benchmark for consumer loans, by a quarter percentage point to 4.25 percent on Wednesday."  Yahoo
07-01-2004 |
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Kidnapped Colombian senator freed "Right-wing paramilitaries in Colombia have freed a former senator they kidnapped at the weekend with his wife and their five children."  BBC
07-01-2004 |
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Nikkei Higher After Strong Tankan "Japan's Nikkei average was higher by midsession on Thursday after the Bank of Japan's quarterly "tankan" business survey reassured investors that companies are strongly optimistic about business conditions."  Reuters
07-01-2004 |
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Upbeat Tankan Lifts Yen; Fed Boosts Bonds "An upbeat business survey on Thursday pushed up Tokyo shares, and U.S. bonds jumped after the Federal Reserve promised a "measured" approach to future rate moves after raising interest rates by a quarter point, as expected."  Reuters
07-01-2004 |
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U.S. Treasuries Drop; Jobs Report May Spur More Rate Increases "U.S. 10-year Treasuries fell in Asia on concern a report tomorrow will show the economy is adding jobs and give the Federal Reserve more reason to raise interest rates for a second time as soon as its next meeting in August."  Bloomberg
07-01-2004 |
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U.S. Strike Against 'Zarqawi Safe House' "U.S. forces attacked and destroyed what they said was a "safe house" belonging to the Jordanian militant Washington views as its top guerrilla target in Iraq, Abu Musab al-Zarqawi."  Yahoo
07-01-2004 |
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