News | academy-info.com

Trichet defends ECB rate rise and inflation focus
guardian.co.uk - 58 minutes ago
STRASBOURG, France, July 9 (Reuters) - European Central Bank President Jean-Claude Trichet defended on Wednesday the bank's decision to raise interest rates, reaffirming to legislators his close focus on the danger of spiralling inflation.
ECB longer-term refi average rate 5.03 percent; marginal rate 4.93 ... Forbes
Trichet Says Rate Increase Will Help Fight Inflation (Update1) Bloomberg
Onet.pl - Financial Times - RTT News - The Associated Press
all 306 news articles

BBC News

Fed ready to aid investment banks
BBC News - 2 hours ago
The Federal Reserve may extend into next year a facility that gives investment banks access to emergency cash if the financial turmoil persists.
Fed Sees Turmoil Persisting Deep Into Next Year New York Times
Fed ready to extend bank aid Financial Times
Reuters - CNNMoney.com - MarketWatch - Forbes
all 1,625 news articles

Washington Post

Siemens to Trim 4% of Global Workforce
Washington Post - 4 hours ago
By George Frey AP FRANKFURT, Germany, July 8 -- Industrial conglomerate Siemens said Tuesday that it would cut 16750 jobs, or 4.2 percent of its global workforce, to streamline operations and save nearly $2 billion in costs as the economy slows.
Siemens AG to cut 16750 jobs worldwide Bizjournals.com
Siemens to cut 16750 jobs amid economic downturn Reuters
Forbes - BusinessWeek - guardian.co.uk - Financial Times
all 672 news articles

UPDATE 1-Regis to close up to 160 salons, take charge
Reuters - 44 minutes ago
July 9 (Reuters) - Hair salon operator Regis Corp (RGS.N: Quote, Profile, Research, Stock Buzz) plans to close up to 160 underperforming salons in fiscal 2009 as it tries to improve profits and will take a related charge.
Regis to close up to 160 underperforming salons CNNMoney.com
Regis Announces Plans to Close up to 160 Underperforming Salons MarketWatch
RTT News - Interactive Investor
all 16 news articles

Boston Globe

VMware Ousts CEO Diane Greene
BusinessWeek - 6 hours ago
by Aaron Ricadela VMware ended a long-running battle over its strategic direction on July 8, ousting co-founder and CEO Diane Greene and installing Microsoft veteran Paul Maritz in her place.
EMC Replaces the Chief and Co-Founder of VMware, Silencing Talk of ... New York Times
Microsoft vs. VMware: Rumble in the virtual world InfoWorld
Seeking Alpha - InternetNews.com - Forbes - San Jose Mercury News
all 389 news articles

Los Angeles Times

John Marks Templeton, 95; investment pioneer funded spiritual efforts
Los Angeles Times - 2 hours ago
Ed Bailey / AP John Templeton is seen at the announcement of the Templeton religion prize in 2003, in New York. The investor and philanthropist died Tuesday in the Bahamas from pneumonia.
Templeton: Sir Real to the End Forbes
Investor John Templeton Dies Wall Street Journal
International Herald Tribune - Washington Post - BloggingStocks - guardian.co.uk
all 197 news articles

Southwest to link up with Canadian carrier
Houston Chronicle - 6 hours ago
By BILL HENSEL JR. Marking its first real foray into international flying with more on the horizon, Southwest Airlines said Tuesday it will partner with Canadian low-fare carrier WestJet.
Southwest, Canadian Flier WestJet To Combine Flight Schedules, Paths Wall Street Journal
Southwest books deal to Canada Chicago Tribune
Baltimore Sun - The Desert Sun - Cheapflights.com - Bloomberg
all 344 news articles

ABC News

Ahead of the Bell: Oil Inventory Report
Forbes - 1 hour ago
AP 07.09.08, 6:10 AM ET Government data scheduled for release Wednesday is expected to show that crude-oil inventories fell last week for the second straight period while gasoline stockpiles rose again.
Oil Reverses Slide As Iran Tests Missiles, Wall Street Journal
Crude Oil Rises as Iran Test-Fires Missile, Dollar Declines Bloomberg
The Associated Press - WXVT - MarketWatch - Reuters UK
all 1,506 news articles

AFP

SJM to List After Ho's Sister Loses Bid to Block Sale (Update1)
Bloomberg - 1 hour ago
By Kelvin Wong and Wendy Leung July 9 (Bloomberg) -- Stanley Ho's SJM Holdings Ltd., Macau's biggest casino operator, said its shares will begin trading next week after Ho's sister lost a legal bid to block the company's HK$3.85 billion ($493 million) ...
Hong Kong court rejects Winnie Ho's judicial review petition on ... Forbes
UPDATE 2-Macau's SJM delays trading debut amid family feud Reuters
Monsters and Critics.com - Wall Street Journal - AFP - Reuters India
all 67 news articles

CNBC

Mortgage applications up 7.5% last week: MBA
MarketWatch - 58 minutes ago
By Amy Hoak, MarketWatch CHICAGO (MarketWatch) -- Applications filed for mortgages rose a seasonally adjusted 7.5% last week compared with the week before, coinciding with higher interest rates charged on mortgages, the Mortgage Bankers Association ...
US mortgage applications increased last week-MBA Reuters
Ahead of the Bell: Mortgage Applications Forbes
all 5 news articles

BBC News

Legg: Icahn support up if ensures Yahoo price
Reuters - 6 hours ago
By Kenneth Li SUN VALLEY, Idaho (Reuters) - Carl Icahn would have more support in his proxy battle against Yahoo Inc if he pledged not to sell the company for less than $33 a share, Legg Mason portfolio manager Bill Miller said on Tuesday.
Yahoo: Icahn's Eager-Seller Tactics BusinessWeek
Yahoo May Get Less Than $30 Now in Microsoft Bid, Moran Says Bloomberg
AFP - Washington Post - New York Times - FOXBusiness
all 1,420 news articles

ABC News

Is There a "Best Way" to Invest in Wind Power?
Seeking Alpha - 46 minutes ago
Yesterday, I saw many interesting articles about wind power. The main bit I'm seeing is Boone Pickens' alternative energy plan found on the new website.
My Plan to Escape the Grip of Foreign Oil Wall Street Journal
Pickens wants more emphasis on alternative energy BusinessWeek
Los Angeles Times - Houston Chronicle - Louisville Courier-Journal - SmartBrief
all 258 news articles

BBC News

Anheuser-Busch Sues InBev, Seeks to Block Takeover (Update3)
Bloomberg - 11 hours ago
By Andrew Harris and Duane D. Stanford July 8 (Bloomberg) -- Anheuser-Busch Cos., the US beermaker being pursued by InBev NV, said the Belgian brewer's $46.3 billion takeover attempt is illegal and asked a federal court to block the bid.
In New Lawsuit, Anheuser Swings Hard at InBev New York Times
Anheuser strikes back at suitor BBC News
Reuters - MarketWatch - Wall Street Journal - Bizjournals.com
all 1,315 news articles

Credit Suisse Helps With US Probe of Former Brokers (Update1)
Bloomberg - 1 hour ago
By Warren Giles July 9 (Bloomberg) -- Credit Suisse Group, Switzerland's second-biggest bank, said it's helping US prosecutors in an investigation of two former cash management employees who resigned after engaging in ``prohibited activity.
Auction-Rate Probe Grows Over Clarity From Brokers Wall Street Journal
US regulators probe 2 ex-Credit Suisse brokers-WSJ Reuters
SmartBrief
all 17 news articles

The Associated Press

Alumina Gains as Partner Alcoa Profit Tops Estimates (Update1)
Bloomberg - 5 hours ago
By Rebecca Keenan July 9 (Bloomberg) -- Alumina Ltd., owner of 40 percent of the world's biggest maker of the material used to make aluminum, rose the most in almost five months in Sydney trading after partner Alcoa Inc. reported profit that topped ...
Alcoa Profit Tops Estimates After Price Rise New York Times
Alcoa beats the Street CNNMoney.com
The Associated Press - Reuters - Forbes - MarketWatch
all 337 news articles

Seattle Times

Ahead of the Bell: Air Force Tanker
Forbes - 1 hour ago
AP 07.09.08, 6:15 AM ET Defense Secretary Robert Gates on Wednesday is expected to disclose whether the Pentagon will rebid a disputed $35 billion Air Force tanker contract awarded to Northrop Grumman Corp.
Boeing, Northrop, EADS Await Tanker Decision BusinessWeek
Tanker mess exposes problems in Pentagon Seattle Times
Press-Register - al.com - HeraldNet - USA Today - Seattle Post Intelligencer
all 100 news articles

ABC News

Study Finds Flawed Practices at Ratings Firms
New York Times - 9 hours ago
By MICHAEL M. GRYNBAUM The analyst at the credit ratings agency was blunt: “Let’s hope we are all wealthy and retired by the time this house of cards falters.
SEC Report Details Problems At Top Three Rating Firms Wall Street Journal
SEC finds serious shortcomings in credit raters Reuters
Los Angeles Times - Financial Times - Forbes - Dailyrecord.com
all 325 news articles

Hedge Funds Fell 0.75%, Worst First-Half Performance (Update1)
Bloomberg - 2 hours ago
By Katherine Burton and Saijel Kishan July 9 (Bloomberg) -- Hedge funds turned in their worst first-half performance in almost two decades because of the credit crunch and the onset of a bear market in stocks.
New Hedge Funds Grow Fatter Wall Street Journal
Fewer US hedge fund starts so far this year Reuters
MarketWatch - New York Times Blogs - HedgeCo.net - FINalternatives
all 20 news articles

Los Angeles Times

Fannie, Freddie Downgraded by Derivatives Traders (Update1)
Bloomberg - 3 hours ago
By Shannon D. Harrington and Dawn Kopecki July 9 (Bloomberg) -- Fannie Mae and Freddie Mac, ranked Aaa by the world's largest credit-rating companies, are being treated by derivatives traders as if they are rated five levels lower.
Selloff in Financial Stocks Lacks Sense Wall Street Journal
Feeling Fannie's and Freddie's pain CNNMoney.com
Los Angeles Times - MarketWatch - Washington Post - guardian.co.uk
all 1,070 news articles

Sify

Merrill may get $5 bln for Bloomberg stake -NY Post
Reuters - 1 hour ago
July 9 (Reuters) - A blind trust run by New York City Mayor Michael Bloomberg is willing to pay between $4.5 billion and $5 billion to buy Merrill Lynch & Co's (MER.
Selling shares would be extra pricey for Merrill guardian.co.uk
Ahead of the Bell: Merrill Lynch Forbes
New York Times - MarketWatch - FOXBusiness - Wall Street Journal
all 185 news articles