Reuters - An online gauge of U.S. labor demand
rose in April, reflecting more job offerings in the
accommodation and food services industry from heavy seasonal
hiring, a private research group said on Thursday.
Original post by Reuters
AP - Starbucks Corp. is dialing back expectations for its U.S. stores in light of economic uncertainty but has a three-year plan for snazzy new drinks and future profit growth fueled by aggressive international expansion.
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Reuters - Microsoft Corp’s board met on
Wednesday to discuss its stand-off with Yahoo Inc over
its $41.8 billion takeover bid, but failed to reach a decision
on what to do next, according to a Wall Street Journal report.
Original post by Reuters
AP - Starbucks Corp. said Wednesday its fiscal second-quarter profit fell 28 percent as U.S. consumers responded to rising food and gas prices by making fewer latte runs.
Original post by AP
AP - Las Vegas Sands Corp. said Wednesday it lost $11.2 million in the first quarter as resort construction costs escalated, the U.S. economy weakened and competition intensified in the Chinese gambling enclave of Macau.
Original post by AP
Reuters - Starbucks Corp said on
Wednesday it would slash U.S. coffee store openings through
2011 as it adjusts to slower U.S. growth and turns its focus to
expanding newer international markets.
Original post by Reuters
Investor’s Business Daily - Monetary Policy: Yes, the economy has dodged a bullet — for now — and the Fed deserves credit. It moved fast to cut rates when things got dodgy. That said, some now want to raise rates to boost the dollar. Huh?
Original post by Investor’s Business Daily
Reuters - Investors fear that Citigroup Inc’s
sale of $4.5 billion of shares, combined with a $6
billion preferred stock sale last week, signal the bank is
likely to face more write-downs in the future and may need to
raise even more capital.
Original post by Reuters
Reuters - Stocks fell on Wednesday after the
Federal Reserve trimmed interest rates but left unclear the
outlook for further rate cuts, prompting profit-taking as the
Standard & Poor’s 500 index ended its best month since December
2003.
Original post by Reuters
Reuters - Treasury Secretary Henry Paulson
said he was supportive of the Federal Reserve’s interest rate
cuts, adding he believes the weak economy will recover and the
U.S. dollar’s value will eventually reflect better long-term
prospects.
Original post by Reuters
AP - A Securities and Exchange Commission lawsuit filed Wednesday accuses Mayor Larry Langford of taking more than $156,000 from a friend whose firm made millions on risky bond transactions that have pushed an Alabama county to the brink of bankruptcy.
Original post by AP
AP - Treasury prices advanced Wednesday after the Federal Reserve announced a quarter-point interest rate cut and indicated it was taking a neutral stance toward future reductions amid concerns about the economy.
Original post by AP
Reuters - Treasury Secretary Henry Paulson
said on Wednesday he did not believe the time was right to
consider a second economic stimulus package and would watch the
economy closely as tax rebate checks reach the American public.
Original post by Reuters
Reuters - Starbucks Corp said on Wednesday it
would slash U.S. coffee store openings through 2011 to cut
costs in the face of weak U.S. sales and to focus more on
growth abroad.
Original post by Reuters
Reuters - The Toronto Stock Exchange’s main index
trimmed early gains but still ended more than 100 points higher
on Wednesday, helped by optimism over corporate results and
stronger economic data from south of the border.
Original post by Reuters
AP - Scrambling to shore up the faltering economy, the Federal Reserve cut interest rates to the lowest point in nearly four years Wednesday as the nation teetered on the edge of recession.
Original post by AP
PC World - With more than half of its revenue now coming from outside the U.S., Symantec ended its fiscal year on a high note on…
Original post by PC World
Reuters - The Toronto Stock Exchange’s main index
trimmed gains but still ended more than 100 points higher on
Wednesday, helped by optimism over corporate results and better
than expected economic data south of the border.
Original post by Reuters
AP - Starbucks Corp. said Wednesday its fiscal second-quarter profit fell 28 percent as U.S. consumers responded to rising food and gas prices by making fewer latte runs.
Original post by AP
Reuters - Stocks fell on Wednesday after the
Federal Reserve trimmed interest rates but left unclear the
outlook for further rate cuts, prompting profit-taking as the
Standard & Poor’s 500 index ended its best month since December
2003.
Original post by Reuters
Reuters - The Toronto Stock Exchange’s main index
rose on Wednesday, boosted by a rally in resource issues, as
well as optimism over corporate results and better than
expected economic data south of the border.
Original post by Reuters
AP - Wall Street gave up sharp gains and closed lower Wednesday after the Federal Reserve cut interest rates by a quarter point but left investors guessing about the central bank’s next move. The Dow Jones industrial average, momentarily soaring above 13,000 for the first time since early January, ended the session with a modest loss.
Original post by AP
FT.com - Ben Bernanke’s Federal Reserve is supposedly more transparent than the Fed of Alan Greenspan. And, we were led to believe, the era of rate cuts that began amid last August’s credit crisis would end with Wedneday’s rate cut, which brought the Fed Funds rate down to 2 per cent. (It peaked at 5.25 per cent).
Original post by FT.com
Reuters - Stocks closed lower on Wednesday after
the Federal Reserve trimmed interest rates as expected but left
the outlook for further cuts unclear, prompting investors to
lock in profits.
Original post by Reuters
Reuters - Kellogg Co , the world’s largest
breakfast cereal maker, posted higher-than expected profits on
Wednesday as price increases helped offset soaring commodity
costs.
Original post by Reuters
Reuters - Starbucks Corp on
Wednesday reported a 28 percent drop in quarterly profit, a
week after it warned on weak results from its key California
and Florida markets and forecast its first annual earnings drop
since 2000.
Original post by Reuters
AFP - Oil prices tumbled Wednesday as traders reacted to rising US crude inventories and a generally stable dollar after the latest Federal Reserve rate cut, analysts said.
Original post by AFP
U.S. News & World Report - Faced with a weak dollar and rising inflation, the Federal Reserve seems done with its aggressive rate-cutting campaign. Here’s how this shift in monetary policy may affect mortgage rates this year:
Original post by U.S. News & World Report
AP - Wall Street gave up sharp gains to trade mixed Wednesday after the Federal Reserve cut interest rates by a quarter point but left investors in the dark about the central bank’s next move. The Dow Jones industrial average, momentarily soaring above 13,000 for the first time since early January, traded only modestly higher in the last hour of trading.
Original post by AP
Reuters - Stocks gave up gains on Wednesday
following the Federal Reserve’s widely anticipated quarter
percentage point rate cut.
Original post by Reuters