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Financial News

08/28/2008 04:49 AM
Toyota Cuts 2009 Sales Forecast on Lower US Demand (Update3) - Bloomberg

AFP
Toyota Cuts 2009 Sales Forecast on Lower US Demand (Update3)
Bloomberg - 1 hour ago
By Naoko Fujimura and Tetsuya Komatsu Aug. 28 (Bloomberg) -- Toyota Motor Corp., the world's second-largest carmaker, lowered its forecast for 2009 auto sales growth to 2.1 percent from 5.6 percent as record fuel prices and slowing economic growth damp ...
Toyota cuts `09 sales target 6.7%; US demand off MarketWatch
Toyota cuts sales forecast as demand sputters Washington Post
Wall Street Journal - Reuters - Forbes - BBC News
all 211 news articles
08/28/2008 05:00 AM
STOCKS NEWS EUROPE-Higher oil price, finacial woes weigh early - Forbes

BBC News
STOCKS NEWS EUROPE-Higher oil price, finacial woes weigh early
Forbes - 49 minutes ago
European shares slip as quarterly results do little to dispel worries over the financial sector and oil threatens to breach $120 a barrel on weather-related supply concerns.
Hurricane fears raise oil prices BBC News
Oil Steady After Rising as Gustav Threatens US Gulf Platforms Bloomberg
International Herald Tribune - MarketWatch - The Daily Advertiser - The Associated Press
all 1,910 news articles
08/28/2008 04:17 AM
Gustav raising alarms in Gulf - Houston Chronicle

Gustav raising alarms in Gulf
Houston Chronicle - 1 hour ago
By DALE LEZON and DANE SCHILLER Copyright 2008 Houston Chronicle As the three-year anniversary of Hurricane Katrina nears, federal, state and local officials along the Gulf Coast are keeping a wary eye on Tropical Storm Gustav and preparing for the ...
Gustav Heads Past Cuba for Gulf After Drenching Haiti (Update1) Bloomberg
TROPICAL STORM Tropical Storm Gustav takes aim at Gulf Coast MiamiHerald.com
New York Times - MarketWatch - WBIR-TV - Alexandria Town Talk
all 1,406 news articles
08/28/2008 12:21 AM
Fannie's Mudd Shakes Up Management to Boost Investor Confidence - Bloomberg

Washington Post
Fannie's Mudd Shakes Up Management to Boost Investor Confidence
Bloomberg - 5 hours ago
By Dawn Kopecki and Jody Shenn Aug. 28 (Bloomberg) -- Fannie Mae Chief Executive Officer Daniel Mudd replaced three top deputies in an effort to restore investor confidence after record losses and a 90 percent drop in the shares.
Fannie Shuffles Its Top Leaders Washington Post
Management shake-up at Fannie Mae BBC News
Wall Street Journal - CNNMoney.com - Forbes - Bizjournals.com
all 371 news articles
08/27/2008 02:29 PM
State insurance commissioner backs 'pay-as-you-drive' policies - Los Angeles Times

KNX1070
State insurance commissioner backs 'pay-as-you-drive' policies
Los Angeles Times - 15 hours ago
Commissioner Steve Poizner released proposed regulations today. The plans are considered to be more accurate, and they would give a financial incentive to California motorists to drive less.
Calif. to tie auto insurance to miles driven BusinessWeek
Driving less? Pay less for your auto insurance San Jose Mercury News
Bizjournals.com - Sacramento Bee - MarketWatch - abc7news.com
all 103 news articles
08/28/2008 04:32 AM
UPDATE: Caterpillar:To Invest $100 Million To Expand Shandong Plant - CNNMoney.com

Reuters
UPDATE: Caterpillar:To Invest $100 Million To Expand Shandong Plant
CNNMoney.com - 1 hour ago
(Adds executive's comments on partnership with Xuzhou Construction; outlook for China and US economy and housing market in 2008.
Caterpillar looks for record sales on China demand International Herald Tribune
Caterpillar sees strong China sales enduring Reuters
Chicago Tribune - MarketWatch - RTT News - Peoria Journal Star
all 59 news articles
08/28/2008 05:09 AM
Canon Shares Fall After Ricoh Buys Copier Distributor (Update2) - Bloomberg

AFP
Canon Shares Fall After Ricoh Buys Copier Distributor (Update2)
Bloomberg - 40 minutes ago
By Stuart Biggs Aug. 28 (Bloomberg) -- Canon Inc., Japan's biggest office- equipment maker, fell the most in more than five months in Tokyo trading after Ricoh Co.
Tokyo Market Cheers Ricoh's Ikon Buy-Out, Shares Up 3.8% Midday CNNMoney.com
Ricoh to buy Malvern's Ikon Office Solutions Philadelphia Inquirer
MarketWatch - Wall Street Journal - Boston Globe - Reuters
all 316 news articles
08/28/2008 12:17 AM
Xcel to Disclose Global Warming Risks - New York Times

Wall Street Journal
Xcel to Disclose Global Warming Risks
New York Times - 5 hours ago
By NICHOLAS CONFESSORE ALBANY - One of the country’s largest builders of coal-fired power plants will give investors detailed warnings about the risks that global warming poses to its business under a deal with New York’s attorney general.
Xcel to Expand Greenhouse-Gas Data Wall Street Journal
Xcel Makes CO2 Disclosure Agreement GreenBiz
MarketWatch - Bizjournals.com - Denver Post - Minneapolis Star Tribune
all 69 news articles
08/28/2008 03:26 AM
Stocks rise following gain in durable goods orders - Washington Post

Chippewa Herald
Stocks rise following gain in durable goods orders
Washington Post - 2 hours ago
By TIM PARADIS AP NEW YORK -- Wall Street posted a sizable advance Wednesday after the government reported a larger-than-expected increase in orders for big-ticket manufactured goods that indicated the economy could be stronger than some investors ...
Durable-goods surprise doesn't spell recession Los Angeles Times
US Economy: Durable Goods Orders Unexpectedly Rise (Update2) Bloomberg
New York Times - Wall Street Journal - Forbes - Chicago Tribune
all 905 news articles
08/28/2008 01:40 AM
Big Shift in Accounting Rules Nears - BusinessWeek

CEP News
Big Shift in Accounting Rules Nears
BusinessWeek - 4 hours ago
US execs welcome the clarity of the SEC's new timetable for switching from GAAP to international standards. But adopting new ways won't be easy or inexpensive by Nanette Byrnes and Keith Epstein Searching for what he called a "lingua franca" of ...
US SEC mulls 2014 for international accounting rules Forbes
The Evening Wrap Wall Street Journal
USA Today - Bloomberg - New York Times - MarketWatch
all 246 news articles
08/28/2008 12:21 AM
UAL Sickout Suit Heard - Wall Street Journal

UAL Sickout Suit Heard
Wall Street Journal - 5 hours ago
By ANN KEETON UAL Corp., parent of United Airlines, and its pilots union appeared in US District Court in Chicago Wednesday, as the airline seeks a preliminary injunction against its pilots, alleging an illegal "sickout" in July.
United Issues Statement on ALPA Hearing MarketWatch
United, pilots trade charges Chicago Tribune
Aero-News Network - Chicago Sun-Times - ABC7Chicago.com - CNNMoney.com (press release)
all 22 news articles
08/28/2008 03:24 AM
Esprit Slides on Slower Net Growth, Stock Downgrades (Update2) - Bloomberg

Esprit Slides on Slower Net Growth, Stock Downgrades (Update2)
Bloomberg - 2 hours ago
By Frank Longid Aug. 28 (Bloomberg) -- Esprit Holdings Ltd., the clothing retailer that makes more than four-fifths of its revenue in Europe, slid the most in ten years in Hong Kong trading on slowing profit growth and stock-rating downgrades.
RPT-UPDATE 1-Esprit shares plummet 20 pct on growth worries Reuters
Esprit Announces 24.5% Net Profit Growth MarketWatch
Women's Wear Daily - Forbes - Reuters - Reuters
all 52 news articles
08/28/2008 01:46 AM
Chrysler Crunch Hits the Viper - BusinessWeek

The Gazette (Montreal)
Chrysler Crunch Hits the Viper
BusinessWeek - 4 hours ago
by David Welch It's possible. Chrysler Chairman and CEO Robert Nardelli said Aug. 27 that the company has enlisted investment banking firm Lazard Freres to explore strategic options for the Dodge Viper, Chrysler's iconic 600-horsepower sports car.
Viper line may be cut loose Detroit Free Press
Chrysler May Jettison Its Dodge Viper MediaPost Publications
Louisville Courier-Journal - CNNMoney.com - Wall Street Journal - MarketWatch
all 222 news articles
08/28/2008 01:32 AM
ConocoPhillips is latest to sell its gas stations - Houston Chronicle

Wall Street Journal
ConocoPhillips is latest to sell its gas stations
Houston Chronicle - 4 hours ago
By BRETT CLANTON Copyright 2008 Houston Chronicle ConocoPhillips on Wednesday became the latest major oil company to exit the troubled gas station business and pass on the guardianship of familiar store brands to new owners.
ConocoPhillips to sell the rest of its filling stations to ... Los Angeles Times
Oil Majors Exiting the Gas Station Business Seeking Alpha
Bloomberg - MarketWatch - New York Times - Wall Street Journal
all 251 news articles
08/28/2008 04:34 AM
Euro extends recovery, lifted by ECB rate talk - guardian.co.uk

Maktoob Business (press release)
Euro extends recovery, lifted by ECB rate talk
guardian.co.uk - 1 hour ago
By Naomi Tajitsu LONDON, Aug 28 (Reuters) - The euro rose on Thursday, adding to its recovery from a six-month low against the dollar a day after comments from European Central Bank policymakers dimmed speculation that its next move on interest rates ...
ECB, Fed Plan Easier Liquidity Access in Crises, FTD Reports Bloomberg
NZ dollar rise on weaker US dollar; bonds firm Forbes
AFP - Financial Times - Bloomberg - guardian.co.uk
all 285 news articles
08/28/2008 04:32 AM
UPDATE 1-Cazenove upgrades Alcatel-Lucent to outperform - Reuters

UPDATE 1-Cazenove upgrades Alcatel-Lucent to outperform
Reuters - 1 hour ago
Aug 28 (Reuters) - Cazenove upgraded Alcatel-Lucent (ALUA.PA: Quote, Profile, Research, Stock Buzz) to "outperform" from "in-line" and said it sees potential for change at the company, following a report that Mike Quigley, the group's highly-regarded ...
Alcatel-Lucent Losses Tell Dresdner Analyst Bottom Has Arrived Bloomberg
Quigley on Short List For Alcatel-Lucent CEO Wall Street Journal
Forbes - CNNMoney.com - America's Network - FierceTelecom
all 42 news articles
08/28/2008 03:23 AM
Boeing to Give Machinists Final Offer Today for 3-Year Contract - Bloomberg

AFL-CIO
Boeing to Give Machinists Final Offer Today for 3-Year Contract
Bloomberg - 2 hours ago
By Susanna Ray Aug. 28 (Bloomberg) -- Boeing Co. plans to give its largest union a final offer today for a three-year contract, in an effort to keep machinists working on a record plane-order backlog rather than going on strike next week.
Boeing plans final offer to Machinists today Seattle Times
Boeing gives up on pension-plan modifications MarketWatch
Bizjournals.com - CNNMoney.com - Seattle Post Intelligencer - HeraldNet
all 229 news articles
08/28/2008 03:24 AM
MBIA May Rise After Agreeing to Reinsure $184 Billion of Debt - Bloomberg

MBIA May Rise After Agreeing to Reinsure $184 Billion of Debt
Bloomberg - 2 hours ago
By Christine Richard Aug. 28 (Bloomberg) -- MBIA Inc. may rise after the company agreed to reinsure $184 billion in municipal bonds for Financial Guaranty Insurance Co.
MBIA Agrees to Backstop Wall Street Journal
MBIA to Aid Troubled Bond Insurer New York Times
Reuters - Financial Times - MarketWatch - Trading Markets (press release)
all 45 news articles
08/28/2008 03:09 AM
Drug trial halted; Cell Genesys shares plummet - San Francisco Chronicle

eFluxMedia
Drug trial halted; Cell Genesys shares plummet
San Francisco Chronicle - 2 hours ago
(08-27) 12:17 PDT SAN FRANCISCO -- Shares in Cell Genesys, once a high-flying biotech startup whose shares traded above $50 back in 2000, plunged 72 percent Wednesday to close at less than $1 after safety questions brought an end to a clinical trial of ...
Cell Genesys' Saving Grace Forbes
Biz break: FDA approves XDx's test for heart transplant patients San Jose Mercury News
MarketWatch - Wall Street Journal - CNNMoney.com - Reuters
all 80 news articles
08/28/2008 04:59 AM
Monolines Mangle Credit Agricole - Forbes

BBC News
Monolines Mangle Credit Agricole
Forbes - 49 minutes ago
LONDON - French bank Credit Agricole saw its profits nearly wiped out for the second quarter, after a fresh set of write-downs related to the subprime crisis saddled its investment banking division with a hefty loss of 855 million euros ($1.3 billion).
C.Agricole Q2 profit plunges on Calyon loss guardian.co.uk
Profits plunge at Credit Agricole BBC News
Wall Street Journal - Bloomberg
all 14 news articles

 

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