Stocks sag on economic uncertainty
SINGAPORE (Reuters) - Stocks fell on Monday, weighed down by uncertainty over the health of the U.S. economy and surging oil and commodity prices, while Japanese exporters felt the pinch from a stronger yen.
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2008-05-12 ] Category : [
US (Business) ]
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Oil steady above $126
PERTH (Reuters) - Oil hovered close to record levels above $126 a barrel on Monday as violence in the Middle East heightened worries of supply disruptions in the world's largest crude producing region.
[Posted
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2008-05-12 ] Category : [
US (Business) ]
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Cablevision near deal to buy Newsday: source
NEW YORK (Reuters) - Tribune Co is close to an agreement to sell its Newsday newspaper to Cablevision Systems Corp and an announcement could come as early as Monday, a source familiar with the situation said on Sunday.
[Posted
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2008-05-11 ] Category : [
US (Business) ]
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EnCana to split in two with oil at record highs
CALGARY, Alberta (Reuters) - EnCana Corp , Canada's biggest energy company, said on Sunday it plans to split into two separate oil and natural gas firms in an effort to wring out more value with crude prices at record highs.
[Posted
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2008-05-11 ] Category : [
US (Business) ]
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Cablevision near deal to buy Newsday: report
NEW YORK (Reuters) - Tribune Co is close to a deal to sell Newsday to Cablevision Systems Corp for $650 million, the Long Island paper reported on its website on Sunday, citing people familiar with the negotiations.
[Posted
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2008-05-11 ] Category : [
US (Business) ]
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EnCana to split into separate oil, gas companies
CALGARY, Alberta (Reuters) - EnCana Corp , Canada's biggest energy company, said on Sunday it plans to split itself into separate oil and natural gas companies in efforts to lift its value with crude prices at record highs.
[Posted
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2008-05-11 ] Category : [
US (Business) ]
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Mubadala to turn Abu Dhabi island into business zone
ABU DHABI (Reuters) - Mubadala Development Co, an Abu Dhabi investment arm which manages over $10 billion in assets, said on Sunday it will develop an offshore island into a new business district that would house the stock exchange.
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2008-05-11 ] Category : [
US (Business) ]
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China forms company to make regional, jumbo jets
BEIJING (Reuters) - China established a company on Sunday to build regional commercial jets, with an eye to eventually reducing the country's reliance on Boeing and Airbus for jumbo jets, official media said on Sunday.
[Posted
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2008-05-11 ] Category : [
US (Business) ]
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Citigroup eyes selling Japan consumer unit: paper
TOKYO (Reuters) - Citigroup Inc is considering selling its Japanese consumer finance company CFJ KK or cutting the unit's business significantly as part of its plans to shed assets, Japanese daily Nikkei reported on Sunday.
[Posted
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2008-05-11 ] Category : [
US (Business) ]
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China launches jet firm to vie with Boeing, Airbus
Beijing - China on Sunday launched a state-backed aviation company with the task of producing large commercial jets that will eventually challenge global manufacturers Boeing and Airbus. The Commercial Aircraft Corporation of China opened in Shanghai...
[Posted
on :
2008-05-11 ] Category : [
Business ]
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