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Uncategorized - September 24, 2007 10:00
UAW sets strike deadline, blames GM on job security
UAW sets strike deadline, blames GM on job security DETROIT (Reuters) – The United Auto Workers union set a firm Monday morning deadline to reach a contract deal with General Motors Corp and threatened to send 73,000 GM factory workers on strike if no deal is reached. Source: feeds.reuters.com Starbucks to give away music as […]
Housing, confidence data in focus
LONDON (Reuters) – After a hefty cut in interest rates and the dollar’s plunge to new record lows against a surging euro, investors will closely watch data for clues on how seriously problems in credit markets are affecting the real economy. Read More… DUBAI (Reuters) – Halliburton Co. , the world’s second-largest oil services company […]
US crude oil futures lower
NYMEX US crude oil futures fell by Friday’s close with oil platforms and coastal refineries along the US Gulf Coast believed to be under less threat from storm damage. The energy companies operating in the Gulf of Mexico had earlier been cautious and Read More…
Oracle helps market end higher (Reuters)
Oracle helps market end higher (Reuters) Reuters – U.S. stocks rose on Friday after robust results from software maker Oracle Corp brightened the outlook for technology and helped the Dow and S&P 500 post their best weekly performance since March. Source: news.yahoo.com
Gold hits 28-year high as oil surges
Spot gold came within a whisker of $740 a troy ounce, the highest level in nearly 28 years, after the US dollar sank to a new record low against the euro and oil prices surged. Read More…
Shell to begin $7 billion Port Arthur refinery expansion
Shell to begin $7 billion Port Arthur refinery expansion LONDON/NEW YORK (Reuters) – Royal Dutch Shell will go ahead with a 325,000 barrel-per-day capacity expansion of its Motiva refinery in Port Arthur, Texas, that will make the plant one of the biggest in the world. Source: feeds.reuters.com Pfizer looks to spin off cream of Japan […]
Weak dollar weighs on Japanese stocks (FT.com)
FT.com – Japanese stocks fell on Friday as a stronger yen hurt exporters and more problems emerged in the battered consumer lending industry. Read More…
US crude oil futures soar
Aust markets: Aussie stocks close in the red Aust dollar report: Australian dollar closes stronger Aust credit close: Australian bonds close weaker Read More… Extract not available. Read More…
Euro hits fresh highs but data disappoints
The euro thrust higher on Friday, hitting a record high on a trade-weighted basis and reaching a fresh peak against the dollar. Read More…
Shell to begin $7 bln Port Arthur refinery expansion
Shell to begin $7 bln Port Arthur refinery expansion NEW YORK (Reuters) – Royal Dutch Shell will go ahead with a 325,000 barrel-per-day capacity expansion of its Motiva refinery in Port Arthur, Texas, at a cost of $7 billion, the Anglo-Dutch oil group said on Friday. Source: feeds.reuters.com Pension adviser Callan cited by SEC on […]
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