Friday, 25 July 2008 @ 03:25
Samsung Elec second-quarter net disappoints, outlook grim (Reuters)
Reuters - Samsung Electronics Co Ltd (005930.KS), the world's top maker of memory chips, posted a lower-than-expected rise in second-quarter profit amid a sluggish chip market and declining margins in flat screens and handsets.
Friday, 25 July 2008 @ 02:40
Microsoft CEO backs Web spending, "done" with Yahoo (Reuters)
Reuters - Chief Executive Steve Ballmer on Thursday defended Microsoft Corp's need to make heavy investments in its Internet businesses but said the company was "done," for now, with pursuing Yahoo Inc.
Friday, 25 July 2008 @ 00:31
Wachovia CFO Wurtz to leave (Reuters)
Reuters - Wachovia Corp , which posted a record $8.86 billion second-quarter loss Tuesday, said Chief Financial Officer Thomas Wurtz will resign from the fourth-largest U.S. bank after a successor is named.
Thursday, 24 July 2008 @ 23:21
The oil speculator sideshow
Watch out, speculators: The Commodity Futures Trading Commission is getting tough on crime. But since, as the CFTC has said, speculation hasn't pushed up prices, the crackdown will benefit its image more than the economy.
Thursday, 24 July 2008 @ 23:07
Fannie's new watchdog: All bark?
Backers of the housing rescue bill have been trying to reassure skeptics in Congress by pointing to the bill's creation of a new world-class regulator for Fannie Mae and Freddie Mac. But opponents doubt any watchdog will have enough teeth to keep the well-connected mortgage guarantors in line.
Thursday, 24 July 2008 @ 22:54
Qualcomm plays favorites with Nokia
It took a small army of lawyers and about $200 million in legal costs, but Qualcomm finally struck a landmark agreement with phone giant Nokia.
Thursday, 24 July 2008 @ 22:11
Tips for minimum wage earners
The Federal minimum wage is increasing to $6.55 an hour today. But for most folks facing higher prices on everything from a gallon of milk to a gallon of gas, it's still getting harder to make ends meet.
Thursday, 24 July 2008 @ 19:28
Microsoft to expand Facebook ad pact: source (Reuters)
Reuters - Microsoft Corp will announce plans to expand its relationship with online social network Facebook to provide web search and search advertising, a source familiar with the matter said on Thursday.
Thursday, 24 July 2008 @ 18:29
CFTC charges Optiver with oil-market manipulation (Reuters)
Reuters - The Commodity Futures Trading Commission on Thursday charged global trading fund Optiver Holding BV with manipulating the NYMEX oil market in March 2007.