Archive for June 3rd, 2008
Tuesday, June 3rd, 2008
MOSCOW, June 3 (Reuters) - The Caspian Pipeline Consortium(CTC), pumping oil from Kazakhstan to Russia's Black Sea coast,reported on Tuesday it had recorded its first ever net profit in2007 of $423 million after raising shipping fees. The consortium, which has U.S. ...
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Tuesday, June 3rd, 2008
(Changes source, adds details) June 3 (Reuters) - Goldman Sachs initiated coverage ofRiverbed Technology (RVBD.O: Quote, Profile, Research) with a "sell" rating, saying itexpects the networking company's market share to flatten as aresult of a stronger competitive responses and some unfavorableindustry ...
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Tuesday, June 3rd, 2008
(Adds additional source, Jerini declining comment, detail onownership, recent deals in sector) By Ben Hirschler LONDON, June 3 (Reuters) - German biotech company Jerini(JI4G.DE: Quote, Profile, Research) has hired Credit Suisse to explore strategic options,including a possible ...
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Tuesday, June 3rd, 2008
BOSTON, June 3 (Reuters) - Och-Ziff Capital ManagementGroup (OZM.N: Quote, Profile, Research), one of a handful of publicly traded hedge fundcompanies, said on Tuesday that investors added new moneyrecently as most of its portfolios posted modest gains. The New York-based company, ...
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Tuesday, June 3rd, 2008
PARIS, June 3 (Reuters) - Hannover Re (HNRGn.DE: Quote, Profile, Research), theworld's fourth largest reinsurer, is searching for anacquisition in life reinsurance but has failed to find the righttarget so far, its chief financial officer said on Tuesday. Unlike rivals such ...
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Tuesday, June 3rd, 2008
By Brad Dorfman CHICAGO (Reuters) - U.S. retailers are expected to post lackluster May sales this week, as consumers spent tax rebate checks on gas and food or used them to reduce debt, rather than buying discretionary items like clothes and jewelry. ...
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Tuesday, June 3rd, 2008
By David Goldman, CNNMoney.com staff writerLast Updated: June 3, 2008: 11:17 AM EDTOil prices: Speculator freeMore VideosNEW YORK (CNNMoney.com) -- High oil prices are driving the U.S. economy into a recession, George Soros, the famous fund manager and commodities investor, told members of the Senate Commerce Committee in testimony Tuesday.The ...
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Tuesday, June 3rd, 2008
WASHINGTON (Reuters) - Democratic presidential candidate Hillary Clinton is "absolutely not" planning to concede the campaign to Barack Obama on Tuesday night, Clinton campaign chairman Terry McAuliffe told CNN on Tuesday. "No one has the number to be the nominee of the Democratic ...
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Tuesday, June 3rd, 2008
TORONTO, June 3 (Reuters) - The Canadian Auto Workers uniondemanded in a press release on Tuesday that General Motors(GM.N: Quote, Profile, Research) retain at least one shift at its Oshawa, Ontario, truckassembly plant. GM said on Tuesday it wants to end ...
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Tuesday, June 3rd, 2008
By Megan Davies BOCA RATON, June 3 (Reuters) - Private equity firm ApolloManagement said it was stepping up non-traditional methods fortaking control of companies, such as buying credit ofdebt-strapped businesses, as traditional buyouts have dried upin the wake of the credit ...
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