Archive for May 7th, 2008

NY judge orders trial in Clear Channel purchaseout battle

Wednesday, May 7th, 2008

NEW YORK - A New York state judge has said on Wednesday a dispute over financing the $20 billion purchaseout of Clear Channel Communications Inc would go to trial on a breach of contract claim filed against six banks, according to a court filing.

Oil surges to new highs as dealers focus on diesel

Wednesday, May 7th, 2008

NEW YORK - Oil prices rose 1.4 percent on Wednesday, extending further into record territory amid intensifying worries over tight world supplies of diesel fuel.

Wall St dives on record oil over $123

Wednesday, May 7th, 2008

NEW YORK - Stocks tumbled on Wednesday, on concerns about inflation and higher interest rates as oil jumped to a record above $123 a barrel.

Consumers mark tax rebates for bills and savings

Wednesday, May 7th, 2008

GIBSON CITY, Illinois - The first batch of taxpayers has already started to receive their federal tax rebates as part of the economic stimulus package, but very few consumers interviewed by Reuters in the past week has said they plan to spend them on anything other than necessities.

Oil surges to new highs, dealers focus on diesel

Wednesday, May 7th, 2008

NEW YORK - Oil prices rose 1.4 percent on Wednesday, extending further into record territory amid intensifying worries over tight world supplies of diesel fuel.

Dr Pepper Snapple shares get tepid reception

Wednesday, May 7th, 2008

NEW YORK - Dr Pepper Snapple Group Inc shares began trading in New York on Wednesday at a lower-than-expected $25, showing that United States investors are hesitant to invest in the country’s third-largegest soft drink maker.

Inflation, rate fears push Wall St to lower close

Wednesday, May 7th, 2008

NEW YORK - United States stocks ended lower on Wednesday, with all three major indexes down more than 1 percent, on concerns about inflation and higher interest rates as oil jumped to a record above $123 a barrel.

News Corp profit goes up on cable, TV ratings

Wednesday, May 7th, 2008

NEW YORK - Rupert Murdoch’s News Corp
has said on Wednesday its quarterly net profit rose three-fold on
higher advertising sales at the Fox TV network and Fox News
Channel, as well as a one-time gain from its stock swap with
Liberty Media .