Archive for June 2nd, 2008

Global manufacturing growth edges up in May

Monday, June 2nd, 2008

LONDON, June 2 (Reuters) - Global manufacturing activityrecovered slightly in May but input prices hit a 10-year high assoaring energy costs continued to bite, a report showed onMonday. The JP Morgan Global Manufacturing PMI, compiled withresearch and supply management organisations, rose ...

B&B’s cut-price cash call just got cheaper

Monday, June 2nd, 2008

By Steve Slater LONDON (Reuters) - Sometimes a 48 percent discount just isn't enough. British lender Bradford & Bingley (BB.L: Quote, Profile, Research) was on Monday forced to slash the price of its already deeply discounted rights issue, firing a ...

WaMu strips CEO Killinger of chairman role

Monday, June 2nd, 2008

NEW YORK (Reuters) - Washington Mutual (WM.N: Quote, Profile, Research), the large bank and home lender slammed by the mortgage slump, said on Monday that it would strip Chief Executive Kerry Killinger of his title of chairman starting next month. The Seattle-based savings ...

It is not over ’till it’s over: Hillary Clinton

Monday, June 2nd, 2008

Rapid City, S.D., June 2: It's almost over, isn't it?That seems to be all anyone wants to know ...

Semiconductor sales rise 5.9%

Monday, June 2nd, 2008

June 2, 2008: 11:18 AM EDTDell on deckMore VideosSAN JOSE, Calif. (AP) -- The Semiconductor Industry Association, or SIA, said Monday that worldwide sales of semiconductors grew 5.9% in April 2007 on a year-over-year basis, but sales were flat compared with March.April sales grew to $21.2 billion, from $20.1 ...

Fannie Mae to sell $5 billion bills on Wednesday

Monday, June 2nd, 2008

NEW YORK, June 2 (Reuters) - Fannie Mae (FNM.N: Quote, Profile, Research), thelargest U.S. home funding company, said on Monday it plans tosell $2.0 billion of three-month benchmark bills due Sept. 3,2008, $1.0 billion of six-month bills due Dec. 3, 2008 and $2.0billion of one-year ...

Vaccine doubles survival of deadly brain cancer

Monday, June 2nd, 2008

CHICAGO (Reuters) - A cancer vaccine made by Avant Immunotherapeutics Inc and licensed by drug giant Pfizer Inc more than doubled the survival time of people with glioblastoma multiforme, the most common and deadly type of brain tumor, U.S. researchers said on Monday. ...

Brazil real, stocks weaken after rally

Monday, June 2nd, 2008

SAO PAULO, June 2 (Reuters) - Brazil's currency weakened inearly trade on Monday after three straight sessions of gainsand stocks retreated as power firm Eletrobras fell onprofit-taking after Friday's surge. The benchmark Bovespa index .BVSP of the Sao Paulo stockexchange fell ...

CORRECTED - Finnish union warns of Stora Enso strike

Monday, June 2nd, 2008

(Corrects paragraph four to show the current wage deal ranout at the end of last week, not at the end of this week) HELSINKI, June 2 (Reuters) - A Finnish white-collar unionwarned on Monday of a ...

WRAPUP 1-US factory slump wears on, construction dips

Monday, June 2nd, 2008

*U.S. manufacturing contracts for fourth month in May *Inflation pressures highest in four years *Construction spending down in April By Burton Frierson NEW YORK, June 2 (Reuters) - U.S. ...