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Wednesday, June 4, 2008 Print   Email   Bookmark

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Citigroup sinks to 10-year low, Goldman urges short sale

BANGALORE, June 26, 2008 (Reuters) — Citigroup Inc shares fell to their lowest level in nearly a decade after a Goldman Sachs & Co analyst said investors should sell the largest U.S. bank's stock short as losses mount from troubled debt. ...  > full story

Kroger 1st-quarter profit rises

CHICAGO, June 24, 2008 (Reuters) — Kroger Co , the largest U.S. grocery chain, on Tuesday posted a better-than-expected quarterly profit, helped by an emphasis on lower prices, gasoline discounts and other efforts to appeal to cash-strapped consumers. ...  > full story

Oil rises, Mideast tension offsets Saudi pledge

PERTH, June 22, 2008 (Reuters) — Oil rose 30 cents on Monday as escalating tensions between Israel and Iran countered the impact of Saudi Arabia's promise to pump more oil and a vow by Nigerian militants to halt attacks on oil facilities in the delta. ...  > full story

Optimism about tech spending lifts Nasdaq

NEW YORK, June 16, 2008 (Reuters) — U.S. technology stocks rose on Monday for the third straight session, fueled by optimism about sales for Research in Motion's BlackBerry and Apple's new iPhone. ...  > full story

Market breathes sigh of relief on Lehman rally

NEW YORK, June 4, 2008 (Reuters) — Lehman Brothers, which has been besieged by reports that it may need to raise capital to shore up its balance sheet, won a key vote of confidence from a top bond manager on Wednesday, who said he was buying Lehman's securities and was not at all hesitant to trade with the bank. ...  > full story

UAL shrinks business, cuts staff to offset fuel

CHICAGO, June 4, 2008 (Reuters) — United Airlines parent UAL Corp will slash its work force and domestic fleet, following similar cuts by rivals as the industry grapples with soaring fuel costs and a weakening economy, the company said on Wednesday. ...  > full story

U.S. auto sales plunge, drag market down in May

DETROIT, June 4, 2008 (Reuters) — U.S. auto sales tumbled in May as consumers spurned pickup trucks and SUVs in the face of record gasoline prices, driving General Motors Corp , Ford Motor Co and Chrysler LLC to double-digit declines. ...  > full story

Yahoo sets August 1 date for annual meeting showdown

SAN FRANCISCO/NEW YORK, June 4, 2008 (Reuters) — Yahoo Inc on Tuesday set its annual shareholder meeting on for August 1 in the heart of Silicon Valley, as it braced for a showdown with billionaire activist investor Carl Icahn, who is mounting a proxy fight for control of Yahoo. ...  > full story
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