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Global Investing Roundups
Siemens Settle Bribery Charges for $1.3 Billion; Google Walks From Yahoo; Enbridge Channels 88% Profit Growth; FCC Approves Sprint-Clearwire Merger; GMAC Finance Revenue Stuck in Reverse; Time Warner Revenue Unchanged; Molson Coors Pops; News Corp. Profit Down 30%
- Siemens AG (SI) put aside nearly $1.3 billion to settle charges that it bribed government officials around the world to win contracts. The concessionary provision will affect earnings for the year ended Sept. 30, Bloomberg reported.
- Internet titan Google Inc. (GOOG) announced Wednesday (yesterday) that its wariness for antitrust-related legal battles ultimately killed discussions with Yahoo Inc. (YHOO) about forming an advertising partnership, the New York Times reported.…
Global Investing Roundups
Oil Over $143; GM Falls to 54-year Low; Starbucks Closes 600 Stores; Nikkei Post 10th Straight Loss; United Health Lands in the Emergency Ward; 900 American Flight Attendants on Standby; Blockbuster Abandons Bid; Microsoft at it Again;
Crude futures closed yesterday (Wednesday) at a record $143.57 a barrel in New York after the U.S. Department of Energy announced a 2 million barrel decline in supply last week. Earlier, crude had traded for as high as $143.91 on Globex, MarketWatch reported.
Shares of General Motors Corp. (GM) plunged Wednesday to their lowest level in 54 years yesterday (Wednesday), as investors shrugged off better-than-expected…
3Jul2008 | Money Morning | Comments Off | Continued
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