Asia stocks sink, oil hits record above $144
HONG KONG (Reuters) - Asian stocks slumped on Thursday on signs of further deterioration in the U.S. economy, fresh record highs for oil prices and fears that stagflation will continue to damage company earnings and consumer spending.
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Asia stocks sink, oil hits record above $144
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Oil hits new peak above $144 on dollar, supply concerns
SINGAPORE (Reuters) - Oil hit fresh records on Thursday for the fifth time in six sessions, as the dollar fell on gloomy U.S. jobs data and a broad equity sell-off, and a higher than expected fall in U.S. crude stocks raised supply concerns.
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Microsoft, Yahoo mull media partner options: sources
SAN FRANCISCO/NEW YORK (Reuters) - Microsoft Corp and Yahoo Inc have been holding separate talks with other potential media partners after their negotiations with each other broke down, sources familiar with the companies’ thinking said on Wednesday.
See more here: Microsoft, Yahoo mull media partner options: sources
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Weather Channel sale could come in 2 days: sources
NEW YORK (Reuters) - Landmark Communications could announce the sale of the Weather Channel to a group made up of NBC Universal, Blackstone Group LP and Bain Capital in the next day or two, sources briefed on the matter said.
More here: Weather Channel sale could come in 2 days: sources
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L.A. Times to cut 250 jobs, 150 in editorial
LOS ANGELES (Reuters) - The Los Angeles Times will slash 250 jobs, including 150 in the newsroom, and trim its published pages by 15 percent in an effort to save money in the face of declining revenues, the newspaper said on Wednesday.
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Ex-hedge fund manager surrenders, sent to New York
SPRINGFIELD, Massachusetts (Reuters) - Fugitive former hedge fund manager Samuel Israel III drove a motor scooter to a Massachusetts police station on Wednesday and surrendered, ending a nationwide manhunt after he staged his own suicide to avoid a 20-year prison sentence.
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Mattel had morale, creative issues before Bratz: CEO
RIVERSIDE, California (Reuters) - Mattel Inc Chief Executive Bob Eckert believed morale was at an all-time low and the stock price “wasn’t far behind” when he joined the company in mid-2000, a year before rival MGA Entertainment Inc launched the Bratz doll, he testified on Wednesday in a trial to decide which company owns […]
Dow enters bear market as stocks slide
NEW YORK (Reuters) - The Dow sank into a bear market on Wednesday as U.S. stocks fell on growing concerns about the toll that record oil prices are taking on the economy and corporate profits.
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Dow’s bear market run spells trouble for Wall St.
NEW YORK (Reuters) - With the Dow sliding into a bear market on Wednesday, the dark days on Wall Street are far from over, amid record oil prices, struggling consumers and the never-ending credit crisis.
Dow’s bear market run spells trouble for Wall St.
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AMR cutting jobs to offset fuel prices
CHICAGO (Reuters) - AMR Corp , parent of American Airlines, will reduce its employee headcount by about 8 percent as it cuts capacity to offset record-high fuel prices, the company said in an internal memo on Wednesday.
Originally posted here: AMR cutting jobs to offset fuel prices
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Microsoft mulls media options, no new talks: source
SAN FRANCISCO/NEW YORK (Reuters) - Microsoft Corp has had no new negotiations on deals involving Yahoo Inc, but preliminary talks with media companies continue, a source familiar with the software giant’s thinking said on Wednesday.
Read more here: Microsoft mulls media options, no new talks: source
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Lehman to pay employees more in stock
NEW YORK (Reuters) - Lehman Brothers Holdings Inc is paying more of employees’ compensation in stock this year, the company said in a memo sent to employees on Wednesday.
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Oil hits record over $144 on U.S. inventory drop
NEW YORK (Reuters) - Oil prices shot to a record high over $144 a barrel on Wednesday after a drop in U.S. crude inventories stoked supply concerns.
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FTSE down as miners and M&S fall
LONDON (Reuters) - The top share index shed 1 percent on Wednesday, extending the previous session’s sharp losses as miners fell on weaker coal prices and Marks & Spencer slumped after a profit warning, though drugmakers rose.
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FTSE down as miners and M&S fall
LONDON (Reuters) - The top share index shed 1 percent on Wednesday, extending the previous session’s sharp losses as miners fell on weaker coal prices and Marks & Spencer slumped after a profit warning, though drugmakers rose.
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