Economic gloom leads to cuts in ad forecast
NEW YORK (Reuters) - Another closely watched U.S. advertising forecast was cut on Tuesday, the second in as many weeks, in a signal that the industry has begun to buckle under the weight of a slumping economy.
[Posted
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2008-07-08 ] Category : [
US (Business) ]
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IndyMac depositors pull cash as mortgage woes grow
NEW YORK/PASADENA, California (Reuters) - Mortgage lender IndyMac Bancorp Inc said on Tuesday depositors had been withdrawing cash at an elevated pace since a key U.S. senator questioned its ability to survive the housing crisis.
[Posted
on :
2008-07-08 ] Category : [
US (Business) ]
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Traders plead guilty to foreign exchange scam
NEW YORK (Reuters) - Two currency traders pleaded guilty on Tuesday to defrauding investors, admitting their firm engaged in almost no trading and that they misappropriated money from investors and used it to buy luxury homes and cars, federal prosecutors said.
[Posted
on :
2008-07-08 ] Category : [
US (Business) ]
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Stocks rise on banks and lower oil
NEW YORK (Reuters) - Stocks rose in another turbulent session on Tuesday as a pullback in oil prices eased worries about consumer and business spending, while financial shares gained after the Fed chairman said he may keep open a lifeline for banks.
[Posted
on :
2008-07-08 ] Category : [
US (Business) ]
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Fed may keep open lifeline to financial firms
NEW YORK (Reuters) - Federal Reserve Chairman Ben Bernanke said on Tuesday the U.S. central bank might keep open a lifeline to financial firms, while the latest data showed distress in the housing and retail sectors continues.
[Posted
on :
2008-07-08 ] Category : [
US (Business) ]
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Stocks soar on lower oil and financials
NEW YORK (Reuters) - Stocks rose in another turbulent session on Tuesday as a pullback in oil prices eased worries about consumer and business spending, while financial shares gained after the Fed chairman said he may keep open a lifeline for banks.
[Posted
on :
2008-07-08 ] Category : [
US (Business) ]
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Alcoa's profit off but tops forecasts
NEW YORK (Reuters) - Aluminum producer Alcoa Inc on Tuesday posted a smaller-than-expected drop in second-quarter profit, lifting its shares, as higher aluminum prices and sales volumes offset higher costs.
[Posted
on :
2008-07-08 ] Category : [
US (Business) ]
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Market soars on lower oil and financials
NEW YORK (Reuters) - Socks rose in another turbulent session on Tuesday as a pullback in oil prices eased worries about consumer and business spending, while financial shares gained after the Fed chairman said he may keep open a lifeline for banks.
[Posted
on :
2008-07-08 ] Category : [
US (Business) ]
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