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Uncategorized - November 9, 2007 11:00
Merck seen set for $4.85 billion Vioxx settlement:
Merck seen set for $4.85 billion Vioxx settlement: NEW YORK (Reuters) – Merck & Co is expected to announce that it has agreed to pay $4.85 billion to settle a significant portion of claims over injuries allegedly linked to its Vioxx painkiller, the Wall Street Journal said on Friday, citing a person familiar with the […]
China not to dominate steel supply
The Chinese government has reacted strongly to European anti-dumping applications against Chinese steel products, stating China’s iron and steel industry would expand to satisfy domestic demand rather than to dominate the global market. Related readings: Read More… Crude oil futures closed a volatile session lower Thursday after Federal Reserve Chairman Ben Bernanke issued a warning […]
Bernanke sets gloomy mood for Asia
Stock markets in the region were mixed and the US dollar slumped to a new low versus the euro after comments from the US central bank chief boosted interest rate cut speculation Read More…
Accounting errors to reduce earnings, Office Depot says
Accounting errors to reduce earnings, Office Depot says NEW YORK (Reuters) – Office Depot Inc said on Thursday it will reduce earnings for some prior periods following an independent review of its accounting for certain vendor program funds. Source: feeds.reuters.com Estee Lauder CEO to step down: report NEW YORK (Reuters) – Estee Lauder Cos will […]
New York eatery offers $25,000 dessert, a mix of cocoa, milk, gold and diamonds
32 What’s this By The Associated Press NEW YORK – This is one rich cup of haute chocolate: A New York eatery is offering a US$25,000 dessert bulging with top-grade cocoa, edible gold and shavings of a luxury truffle. The Frrrozen Haute Chocolate was Read More… LONDON — World crude prices rebounded toward record high […]
Wall Street and dollar weigh down Asia
Wall Street and dollar weigh down AsiaThe falling dollar, more subprime-related bad news and a grim overnight close on Wall Street set the mood for falls of two to five per cent on major Asia-Pacific stock marketsSource: www.ft.com
Vonage quarterly loss widens
Vonage quarterly loss widens NEW YORK (Reuters) – Vonage Holdings Corp said on Thursday its quarterly loss widened due to litigation costs, and cancellations rose due to problems with customer care and negative publicity from patent lawsuits. Source: feeds.reuters.com Morgan Stanley sees $3.7 billion subprime hit NEW YORK (Reuters) – Morgan Stanley on Wednesday said […]
Stock futures up on BHP bid, Alcoa higher (Reuters)
Stock futures up on BHP bid, Alcoa higher (Reuters) Reuters – S&P 500 and Dow stock futures rose on Thursday as shares of natural resources companies, including Alcoa Inc , gained after BHP Billiton disclosed it had made a bid for rival miner Rio Tinto . Source: news.yahoo.com
Oil prices drop below $96 in Asia
Nov. 08, 2007 AIM print email By GILLIAN WONG Associated Press Writer Paul Sakuma / AP Photo An Arco gas worker watches as gas is emptied from truck tanks at an Arco gas station in Fremont, Calif., Wednesday, Nov. 7, 2007. Oil prices stalled in their Read More… The Chinese government has reacted strongly to […]
FTSE bounces back on Rio approach
News that Rio Tinto had rejected a bid approach from Australian rival BHP Billition reversed early losses on the FTSE Rio shares surged 24 per cent to £54. Read More…
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