Greenspan sees less than 50-50 chance of recession - September 28, 2007 10:00

Greenspan sees less than 50-50 chance of recession LONDON (Reuters) – The probability of the U.S. economy slipping into recession has increased recently but is still less than 50/50, former Federal Reserve Chairman Alan Greeenspan said in comments broadcast on Friday. Source: feeds.reuters.com Home sales fall, job market resilient WASHINGTON (Reuters) – Sales of new […]

China Yongcheng Coal in Guinea bauxite venture-paper 0:47 GMT - September 28, 2007 10:00

BEIJING, Sept 28 (Reuters) – Yongcheng Coal & Electricity Group Co Ltd, the biggest coal producer in central China, has formed a venture with other firms from its home province of Henan to develop a bauxite deposit in Guinea, the Shanghai Securities Read More… HONG KONG, Sept 28 (Reuters) – Here are some stocks on […]

Freddie CEO puts U.S. recession chance at 40-45 pct: report - September 28, 2007 8:00

Freddie CEO puts U.S. recession chance at 40-45 pct: report NEW YORK (Reuters) – The chief executive of Freddie Mac warned that the U.S. economy faces a 40 percent to 45 percent risk of recession induced by the housing market downturn, the Financial Times reported on its Web site. Source: feeds.reuters.com

Wheat Futures Decline in Asia as Six-Day Rally to Record Seen as Overdone - September 28, 2007 8:00

Sept. 28 (Bloomberg) — Wheat prices fell in Asian trading, snapping a six-day rally, as some investors deemed yesterday’s rise to a record wasn’t justified by the outlook for supply. Wheat futures for December delivery fell as much as 11.25 cents, or Read More… John Howard Says Australian Food Shortage Will Affect Prices By Gemma […]

Northern Rock sees second day of gains - September 27, 2007 14:00

London’s leading shares made further gains. Northern Rock rose for a second-consecutive session on continued hopes of a rescue bid. Read More…

McCormick quarterly profit rises - September 27, 2007 14:00

NEW YORK (Reuters) – Spice maker McCormick & Co. Inc reported higher quarterly profit on Thursday, bolstered by increased sales volume in Europe and Asia. Read More… WASHINGTON (Reuters) – The number of U.S. workers filing new claims for jobless aid unexpectedly fell 15,000 last week to its lowest in four months, government data showed […]

Futures up as data seen spurring rate cuts (Reuters) - September 27, 2007 14:00

Futures up as data seen spurring rate cuts (Reuters) Reuters – Stock futures rose on Thursday as investors bet that data on new home sales would strengthen the case for further interest rate cuts to ease the toll of the housing slump on the economy. Source: news.yahoo.com

Ahead of the Bell: Starbucks (AP) - September 27, 2007 14:00

A Banc of America Securities analyst cut his rating on Starbucks Corp. Thursday, saying the stock might fall because expectations for a quick recovery are too high amid slowing growth. Read More…

Northern Rock sees second day of gains - September 27, 2007 12:00

London’s leading shares made further gains. Northern Rock rose for a second-consecutive session on continued hopes of a rescue bid. Read More…