Archive for August, 2007

Motorola wins dismissal of some Iridium claims

Friday, August 31st, 2007

NEW YORK (Reuters) - A U.S. judge on Friday dismissed some claims brought by unsecured creditors of Iridium against Motorola Inc , saying the market had not been misled about valuation of the failed satellite phone venture.

U.S. returns to Doha talks with renewed optimism

Friday, August 31st, 2007

WASHINGTON (Reuters) - The Bush administration returns to world trade talks next week with renewed optimism, but even the most ardent supporters of the Doha round see formidable hurdles to clinching a deal.

Bush, Bernanke launch subprime assault

Friday, August 31st, 2007

NEW YORK/LONDON (Reuters) - The Federal Reserve on Friday reassured investors it would take any steps needed to shelter the U.S. economy from a global credit squeeze, while President George W. Bush promised to help struggling homeowners refinance their mortgages.

Amazon Chief Information Officer to retire

Friday, August 31st, 2007

LOS ANGELES (Reuters) - Amazon.com Inc said on Friday that Senior Vice President and Chief Information Officer Richard Dalzell will retire by the end of 2007.

Anxiety remains even after stock rebound

Friday, August 31st, 2007

NEW YORK (Reuters) - Stock markets ended one of the most volatile months in years on an impressive note, but this coming week still won’t be any easier for investors as the employment report and housing turmoil remain high on radar screens.

Bush and Bernanke spur rally on Wall Street

Friday, August 31st, 2007

NEW YORK (Reuters) - Stocks surged on Friday as President Bush and Federal Reserve Chairman Ben Bernanke reassured investors they would do what was needed to shelter the economy from market turmoil.

NBC Universal ends contract with Apple’s iTunes

Friday, August 31st, 2007

NEW YORK (Reuters) - NBC Universal has decided not to renew its contract to sell television shows on iTunes, becoming the second major media company to challenge Apple Inc’s dominance in digital entertainment.

Delphi settles shareholder lawsuits

Friday, August 31st, 2007

CHICAGO (Reuters) - Bankrupt auto parts maker Delphi Corp said on Friday it has settled class action lawsuits by shareholders and employees that grew out of financial restatements that were the subject of civil fraud charges the company settled last year.