Archive for May 19th, 2008

United States stock futures flat; focus on oil, Yahoo bid

Monday, May 19th, 2008

LONDON - United States stock futures were flat on Monday, as oil prices remained stubbornly high, while the technology sector could get a lift from the latest twist in Microsoft’s pursuit of Yahoo .

Lehman, Goldman, Morgan Stanley outlooks cut at Citi

Monday, May 19th, 2008

- Citigroup slashed its earnings outlook for Wall Street investment banks, Goldman Sachs Group Inc , Lehman Brothers Holdings Inc and Morgan Stanley , citing a tough operating environment.

Facebook stresses independence amid Microsoft talk

Monday, May 19th, 2008

TOKYO - Facebook Inc founder and CEO Mark Zuckerberg stressed his company’s independent spirit on Monday, after a report the social networking site might be sold to software giant Microsoft, which is hunting for ways to beef up its Internet business.

Oil drifts lower after early gains

Monday, May 19th, 2008

LONDON - Oil gave up early gains on Monday after a climb to a all time high last week of nearly near $128 a barrel.

NBER’s Feldstein sees United States downturn since Dec-Jan

Monday, May 19th, 2008

PARIS - Martin Feldstein, President of the National Bureau of Economic Research, has said in a newspaper interview published on Monday he had seen a clear reversal in United States monthly economic indicators since December or January.

Oil goes up near $127 despite dollar gains

Monday, May 19th, 2008

PERTH - Oil rose on Monday, extending last week’s climb that saw prices jump to a all time high near $128 a barrel, as concerns over tight fuel supplies overshadowed gains in the United States dollar.

BAE chief subpoenaed in United States over Saudi arms deal

Monday, May 19th, 2008

WASHINGTON - United States officials investigating alleged bribes in a Saudi arms deal subpoenaed the chief executive of BAE Systems , Britain’s largegest military contractor, on his arrival in the United States last week, BAE officials has said on Sunday.

Microsoft proposes alternative deal to Yahoo

Monday, May 19th, 2008

SEATTLE - Microsoft Corp has said on Sunday it has proposed an alternative deal to Yahoo Inc, rather than a full acquisition, in a move that could save the web pioneer from battleing a proxy battle with financier Carl Icahn.