U.S. first-quarter GDP growth revised to +0.9 pct
May 29, 2008 08:38 AM ET
 |
WASHINGTON (Reuters)- The U.S. economy grew at an upwardly revised
0.9 percent in the first quarter, slightly better than previously
thought because of lower demand for foreign goods and services
and a rise in investment in non-residential structures, the
Commerce Department said on Thursday.
Full Article | |
|
|
|
Costco's profit up 32 percent, above expectations
May 29, 2008 07:31 AM ET
 |
NEW YORK (Reuters) - Costco Wholesale Corp , the biggest U.S.
warehouse club operator, said on Thursday its quarterly profit
jumped 32 percent, beating expectations, as shoppers flocked
to its stores for discounts on food and gasoline.
Full Article | |
|
|
|
Jobless claims rise in latest week
May 29, 2008 08:36 AM ET
 |
WASHINGTON (Reuters) - The number of U.S. workers filing new
claims for jobless benefits rose slightly more than expected
last week, the government said on Thursday.
Full Article | |
|
|
|
Sears Holdings posts unexpected loss on markdowns
May 29, 2008 07:53 AM ET
 |
ATLANTA (Reuters) - Retailer Sears Holdings Corp reported an
unexpected first-quarter loss on Thursday as sales fell at its
Kmart and Sears stores and markdowns hurt margins, sending its
shares down about 4 percent before the opening bell.
Full Article | |
|
|
|
Heinz raises earnings growth forecast
May 29, 2008 08:01 AM ET
 |
CHICAGO (Reuters) - H.J. Heinz Co on Thursday raised its forecast
for annual earnings growth, with health and wellness products
and emerging markets helping fuel the growth.
Full Article | |
|
|
|
Futures flat on mixed retail results; GDP eyed
May 29, 2008 07:47 AM ET
 |
NEW YORK (Reuters) - Stock index futures were little changed
on Thursday, pointing to a pause after a two-day rebound, as
retailers reported mixed results and investors awaited data
on economic growth.
Full Article | |
|
|
|
GM preparing further restructuring: report
May 29, 2008 08:34 AM ET
 |
NEW YORK (Reuters) - General Motors Corp is preparing to announce
further restructuring to cut costs and conserve cash amid a
downturn in U.S. truck sales, the Wall Street Journal reported
on Thursday, citing people familiar with the matter.
Full Article | |
|
|
|
Permira not interested in RWE: source
May 29, 2008 08:29 AM ET
 |
FRANKFURT (Reuters) - Shares in RWE AG rose 2 percent on Thursday
and traders cited market talk that Permira , Blackstone and
Warren Buffett were interested in the German utility.
Full Article | |
|
|
|
Yahoo says Microsoft no longer keen to merge
May 29, 2008 04:12 AM ET
 |
CARLSBAD, California (Reuters) - Yahoo Inc Chief Executive Jerry
Yang said on Wednesday a potential deal with Microsoft has tremendous
power, but the software giant appears no longer interested in
a full merger.
Full Article | |
|
|
|
Anheuser-Busch/Inbev about value, not family: report
May 29, 2008 03:18 AM ET
 |
NEW YORK (Reuters) - A member of the founding family of Anheuser-Busch
Cos said any talks with Belgian brewer InBev NV should be
based on shareholder value rather than the Busch family's legacy,
the Wall Street Journal reported on Thursday.
Full Article | |
|
|
|
Back to newsletter list
