Archive for June 4th, 2008
Wednesday, June 4th, 2008
By Aaron Smith, CNNMoney.com staff writerLast Updated: June 4, 2008: 11:51 AM EDT United plans to reduce its fleet by 100 planes and its workforce by as many as 1,600 workers.Fuel costs hurt air travelersMore VideosRecession Watch 2008Consumer confidence at 5-year lowMusical chairs at the mallU.S. ready ...
Posted in Company News | No Comments »
Wednesday, June 4th, 2008
By Himangshu Watts NEW DELHI, June 4 (Reuters) - India and Malaysia raisedretail fuel prices on Wednesday, joining a growing number ofAsian nations no longer able to afford big subsidies in the faceof record-breaking oil prices. The ...
Posted in Bonds | No Comments »
Wednesday, June 4th, 2008
(Adds background, comment from SEC official) NEW YORK, June 4 (Reuters) - The three major credit ratingagencies are near a settlement with New York Attorney GeneralAndrew Cuomo to reform some of their core business practices,including how they collect fees, The Wall ...
Posted in Bonds | No Comments »
Wednesday, June 4th, 2008
(Recasts from paragraph 2, Adds details, background, sharemovement) June 4 (Reuters) - Veteran bank analyst Richard Bove cuthis earnings outlook on Wachovia Corp (WB.N: Quote, Profile, Research), citing likelylosses of $900 million on an accounting adjustment related tolease treatments and management ...
Posted in Bonds | No Comments »
Wednesday, June 4th, 2008
(Adds background, updates share movement) By Tenzin Pema BANGALORE, June 4 (Reuters) - Bank of America Corp (BAC.N: Quote, Profile, Research)will face earnings pressure through 2010 due to its broadexposure to the U.S. consumer and to mortgage-related loans,said an analyst at ...
Posted in Bonds | No Comments »
Wednesday, June 4th, 2008
By Megan Davies BOCA RATON, Florida (Reuters) - TPG, a private equity firm with more than $30 billion capital under management, said on Wednesday it was adapting amid the credit crunch, to doing deals not so reliant on leverage and rotating the industries ...
Posted in Industries | No Comments »
Wednesday, June 4th, 2008
(Adds court, attorney comment, background, share price) NEW YORK, June 4 (Reuters) - The New Jersey Supreme Courtruled that Vioxx users who suffered no known harm from thewithdrawn pain drug cannot sue Merck & Co Inc (MRK.N: Quote, Profile, Research) to ...
Posted in Industries | No Comments »
Wednesday, June 4th, 2008
CHICAGO, June 4 (Reuters) - Drugstore chain operatorWalgreen Co (WAG.N: Quote, Profile, Research) said on Wednesday it has taken a reservefor a $35 million payment to settle claims it improperlyswitched patients to more expensive versions of three drugs. "Walgreen has reserved ...
Posted in Industries | No Comments »
Wednesday, June 4th, 2008
(Corrects to add dropped word million in headline) WASHINGTON, June 4 (Reuters) - Walgreen Co (WAG.N: Quote, Profile, Research) agreedto pay $35 million to settle claims it improperly switchedpatients to more expensive versions of three drugs to claimmore money from Medicaid, ...
Posted in Industries | No Comments »
Wednesday, June 4th, 2008
(Adds detail, background) CAPE TOWN, June 4 (Reuters) - The African Development Banksaid on Wednesday that the cost of Botswana's giant Mmamabulaenergy project could rise way above $10 billion from a previousestimate of $9.5 billion. "The project ...
Posted in Industries | No Comments »