Archive for July 1st, 2008
Tuesday, July 1st, 2008
(Recasts; adds stock and debt prices) MEXICO CITY, July 1 (Reuters) - Mexican stocks and the pesoweakened sharply on Tuesday as rising oil prices stoked worriesworldwide about economic growth and inflation, adding tobanking sector concerns that pulled down global bourses. ...
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Tuesday, July 1st, 2008
(Recasts; adds details) MEXICO CITY, July 1 (Reuters) - The amount of money senthome by Mexicans living abroad fell 3.41 percent in May fromthe same month in 2007, the central bank said on Tuesday, asworkers made less money in the slowing ...
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Tuesday, July 1st, 2008
(Corrects second paragraph to say Constellation sells ratherthan makes spirits and beer) (Adds sales details, share price) NEW YORK, July 1 (Reuters) - Constellation Brands Inc(STZ.N: Quote, Profile, Research, Stock Buzz) posted better-than-expected quarterly earnings onTuesday on price increases and strong ...
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Tuesday, July 1st, 2008
NEW YORK, July 1 (Reuters) - Prices are rising so rapidlythat U.S. manufacturers must pass along those increases toconsumers if they want to remain afloat, the head of a topindustry survey said on Tuesday. The comments from Norbert Ore, head of ...
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Tuesday, July 1st, 2008
By Huw Jones BRUSSELS, July 1 (Reuters) - The EU executive will adopt itsreform of the bloc's 6 trillion euro ($9.5 trillion) mutualfunds sector on July 16 but without a core provision forcentralised management, European Commission officials said onTuesday. ...
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Tuesday, July 1st, 2008
NEW YORK, July 1 (Reuters) - The cost of protectingCountrywide Home Loans' debt with credit default swaps fell onTuesday after Bank of America (BAC.N: Quote, Profile, Research, Stock Buzz) completed its acquisitionof Countrywide Financial Corp. Countrywide Home Loans' five-year credit default ...
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Tuesday, July 1st, 2008
NEW YORK (Reuters) - Bank of America Corp (BAC.N: Quote, Profile, Research, Stock Buzz) completed the acquisition of Countrywide Financial Corp on Tuesday, clearing the way for thousands of job cuts as the No. 2 commercial bank seeks to prove it can revive the largest U.S. ...
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Tuesday, July 1st, 2008
CHICAGO, July 1 (Reuters) - William Poole, who retired inMarch as president of the Federal Reserve Bank of St Louis, hasjoined Merk Investments LLC as senior economic advisor, themutual fund company said on Tuesday. Poole, well known as a monetary policy ...
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Tuesday, July 1st, 2008
Manufacturing data beats expectations NEW YORK (Reuters) - U.S. factory activity expanded unexpectedly in June but inflation pressures soared, according to a report released on Tuesday. The Institute for Supply Management said its index ...
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Tuesday, July 1st, 2008
July 1, 2008: 10:20 AM EDT Banks paid 2.340% on the 28-day loans from the Fed.Tapping the FedMore VideosWASHINGTON (AP) -- The Federal Reserve has auctioned another $75 billion in loans to squeezed banks to help them overcome credit problems and announced it will provide a ...
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