Archive for July 1st, 2008

Despite fuel blues, auto industry grows in June

Tuesday, July 1st, 2008

Rating:  0 Tuesday , July 01, 2008 at 1927 hrs Beating the fuel prices ...

Learning under Bob best in my career: Bhaichung

Tuesday, July 1st, 2008

Rating:  0 Tuesday , July 01, 2008 at 1923 hrs National football captain Bhaichung ...

S&P raises Countrywide, Fitch keeps on review

Tuesday, July 1st, 2008

NEW YORK, July 1 (Reuters) - Standard & Poor's on Tuesdayraised its ratings on Countrywide Financial Corp. after thelargest U.S. mortgage lender was acquired by Bank of America(BAC.N: Quote, Profile, Research, Stock Buzz). S&P raised Countrywide's counterparty rating to "AA," thethird-highest ...

FACTBOX: McCain and Obama infrastructure priorities

Tuesday, July 1st, 2008

(Reuters) - U.S. presidential candidates, Republican John McCain and Democrat Barack Obama, have spent the past week articulating policy goals for shoring up and modernizing the nation's infrastructure. The American Society of Civil Engineers estimates that $1.6 trillion is needed over a five-year ...

Midwest floods spotlight decrepit US infrastructure

Tuesday, July 1st, 2008

By Andrew Stern CHICAGO, July 1 (Reuters) - The latest U.S. naturaldisaster is triggering fresh rounds of concern and debate abouthow to repair America's aging infrastructure. The worst Midwest flooding since 1993 has generated imagesof swamped towns, ...

UPDATE 1-Peru’s finance minister may step down

Tuesday, July 1st, 2008

(Recasts, adds quotes from president) LIMA, July 1 (Reuters) - Peru's Finance Minister LuisCarranza has expressed his desire to resign, President AlanGarcia told reporters on Tuesday, adding that it is up toCarranza to decide whether he stays or quits, ...

UPDATE 1-Portuguese stocks fall more than 5 percent

Tuesday, July 1st, 2008

(Updates with details) LISBON, July 1 (Reuters) - Lisbon's PSI20 stockindex fell more than 5 percent on Tuesday, hitting its lowestlevel since the end of 2005 as traders said low liquidityaccentuated the declines. "It is falling ...

UPDATE 1-Fox-Pitt sees ‘08 loss provision of $16 bln at JPMorgan

Tuesday, July 1st, 2008

(Adds details, analysts' estimates, share movement) July 1 (Reuters) - Fox-Pitt Kelton analyst David Troneforecast about $16 billion in provision for credit losses forJPMorgan Chase & Co (JPM.N: Quote, Profile, Research, Stock Buzz) in 2008 and cut his rating on thestock ...

New iPhone to sell for $599-$699 without contract

Tuesday, July 1st, 2008

NEW YORK (Reuters) - U.S. consumers who want the new iPhone but cannot or do not want to sign up for a two-year contract with AT&T Inc will eventually be able to buy it for an extra $400. Apple Inc has said the ...

Google likely to stay put on AOL stake

Tuesday, July 1st, 2008

By Kenneth Li - Analysis NEW YORK (Reuters) - Starting today, Google Inc, which has a 5 percent stake in Time Warner Inc's AOL, has the right to force the media conglomerate to bring its Internet division to the market. ...