SubscribeAll Posts Tagged With: "global news"
Global Investing Roundups
South Africa Cuts Interest Rates; BlackRock Cans 500; Empire Co. Posts 13% Profit; KB Toys Files for Bankruptcy; Citi and UBS to Buy Back $30 Billion in Securities; Bank of America to Cut 35,000 Jobs
- South Africa’s central bank cut a half-percentage point from its benchmark interest rate, marking the country’s first interest rate reduction in more than three years, Bloomberg reported. The growing global crisis, rising unemployment and falling commodity prices are hampering growth for the emerging economy.
- Asset manager BlackRock Inc. (BLK) cut 500 jobs, Chief Executive Laurence Fink said Thursday. Many of the job losses were part-time employees, Reuters reported. BlackRock…
Global Investing Roundups
Slim Bites Into Big Apple Daily; Campbell’s Earnings Mmm, Mmm Good; King’s Alpharma Bid Heats Up; Conflicting Crude Trader Findings; WSJ: BAC to Buy Lehman; Bristol Doesn’t Budge; Sun Setting on Sunrise; Deutsche Bank Ready to Compete for Postbank
-Carlos Slim, the Mexican billionaire Forbes ranks as the second-richest man in the world, yesterday (Thursday) announced he purchased a 6.4% stake in New York Times Co. (NYT). Slim called the publisher of The New York Times an “attractive value” due to the stock’s 20% loss so far this year, Bloomberg News reported.
-Campbell Soup Co. (CPB) yesterday (Thursday) announced quarterly profit…
12Sep2008 | Money Morning | Comments Off | ContinuedGlobal Investing Roundups
Best Buy Goes Kiosk; Strike Averted at Verizon; Pilgrim’s Pride Shutdown; JDA Doubles Up; Japan’s Stimulus; Oil Hits New Three-Month Low; Waste Management Raises Bid; UPS in Talks with Competitor
-Electronics retailer Best Buy Co. Inc. (BBY) plans to install self-service kiosks in eight major U.S. airports, The Associated Press reported. The vending machines will be stocked with cell phone and computer accessories as well as digital cameras, memory storage devices and headphones. Best Buy is calling the new program, “Best Buy Express.â€
-Verizon Communications Inc. (VZ) narrowly averted a strike deadline set for yesterday (Monday) by coming to a last-minute agreement Sunday…
12Aug2008 | Money Morning | Comments Off | Continued
Loading ...
