Archive for July, 2007

UnWired Nation offers new take on telemarketing (Reuters)

Tuesday, July 31st, 2007

Reuters - Remember those unwelcome dinnertime
phone calls from strangers promising the latest in attic
insulation or a holiday for two for the price of one?

Paulson to make his currency case to China's Hu (Reuters)

Tuesday, July 31st, 2007

U.S. Treasury Secretary Henry Paulson views a reforestation area aimed at combating the advancement of desert near Qinghai Lake in western China July 30, 2007. Paulson stopped at the lake, threatened by climate change and advancing deserts, to highlight China's environmental challenges before visits in Beijing with top government officials. (David Lawder/Reuters)Reuters - U.S. Treasury Secretary Henry Paulson
brings his overtures for a faster rise in the yuan to Chinese
President Hu Jintao on Wednesday, a day after the Bush
administration warned that anti-China legislation in the U.S.
Congress could provoke a global trade backlash.

Consumer spending cools in June (AP)

Tuesday, July 31st, 2007

AP - Shoppers took a break in June, boosting their spending at the slowest pace in nine months as high gasoline prices and fallout from the housing slump made people think twice about buying.

Wall Street skids on subprime anxiety (AP)

Tuesday, July 31st, 2007

A pair of Rolls Royce cars are parked in front of the New York Stock Exchange, on Monday, July 30, 2007 to mark the listing of the Claymore Robb Report Global luxury Index. Stock futures lifted Monday, as Wall Street, still jittery about a possible credit crunch putting a crimp in U.S. growth, looked to recover some of its recent losses. (AP Photo/Mark Lennihan)AP - Wall Street resumed its downward skid Tuesday, falling sharply as renewed concerns about soured home loans blew away what had looked like a solid recovery rally. The Dow Jones industrials lost nearly 150 points, while investors seeking safety moved into bonds.

Dow Jones OKs $5 bln sale to News Corp: source (Reuters)

Tuesday, July 31st, 2007

Chairman and Managing Director of News Corp, Rupert Murdoch (R), departs the News Corporation building in New York July 31, 2007. Murdoch was one step closer to fulfilling a decades-long dream of running the venerable Wall Street Journal on Tuesday after the News Corp board approved his $5 billion bid for Dow Jones  and  Co Inc. (Lucas Jackson/Reuters)Reuters - Rupert Murdoch is set to achieve his
decades-long dream of running the venerable Wall Street Journal
after Dow Jones & Co Inc.'s board agreed to News Corp's $5
billion buyout bid on Tuesday.

Google wary of behavioral targeting in online ads (Reuters)

Tuesday, July 31st, 2007

A Google search page is seen through the spectacles of a computer user in Leicester, England, July 20, 2007. Google is looking to find more links between the searches its users do in order to better target advertising, but the company is reluctant to go much further than that in tracking their behavior. (Darren Staples/Reuters)Reuters - Google Inc.
is looking to find more links between the searches its users do
in order to better target advertising, but the company is
reluctant to go much further than that in tracking their
behavior.

Consumer spending cools in June (AP)

Tuesday, July 31st, 2007

AP - Shoppers took a break in June, boosting their spending at the slowest pace in nine months as high gasoline prices and fallout from the housing slump made people think twice about buying.

Wall Street skids on subprime anxiety (AP)

Tuesday, July 31st, 2007

A pair of Rolls Royce cars are parked in front of the New York Stock Exchange, on Monday, July 30, 2007 to mark the listing of the Claymore Robb Report Global luxury Index. Stock futures lifted Monday, as Wall Street, still jittery about a possible credit crunch putting a crimp in U.S. growth, looked to recover some of its recent losses. (AP Photo/Mark Lennihan)AP - Wall Street resumed its downward skid Tuesday, falling sharply as renewed concerns about soured home loans blew away what had looked like a solid recovery rally. The Dow Jones industrials lost nearly 150 points, while investors seeking safety moved into bonds.

American Home may liquidate assets, shares plunge (Reuters)

Tuesday, July 31st, 2007

A sign points to a home for sale in a new subdivision in Vancouver, Washington, April 25, 2006. American Home Mortgage Investment Corp, a struggling mortgage lender, said on Tuesday it can no longer provide funding for home loans and has hired advisers to explore options, including a possible 'orderly liquidation of its assets.' (Richard Clement/Reuters)Reuters - American Home Mortgage Investment Corp
said on Tuesday it can no longer fund home loans and
may liquidate assets, putting its survival in doubt and sending
its shares plummeting 90 percent.

Credit worries return, driving Wall St. lower (Reuters)

Tuesday, July 31st, 2007

Traders work on the floor at the New York Stock Exchange July 26, 2007. (Brendan McDermid/Reuters)Reuters - Stocks tumbled on Tuesday as worries
about the deteriorating credit market resurfaced with news of
another mortgage lending casualty.

GM beats second-quarter estimates (Reuters)

Tuesday, July 31st, 2007

General Motors CEO Rick Wagoner answers questions in Detroit, Michigan October 4, 2006. General Motors Corp on Tuesday said it flipped to a second quarter net profit, beating Wall Street estimates as it benefited from cost-cutting, a better mix of products and growing sales overseas. (Rebecca Cook/Reuters)Reuters - General Motors Corp. on Tuesday
said it swung to a quarterly profit that trounced Wall Street
estimates as it benefited from cost-cutting and growing sales
overseas, sending its shares higher.

Strong newsflow helps FTSE recover poise (FT.com)

Tuesday, July 31st, 2007

FT.com - Strong interim results at Lloyds TSB and relief that GlaxoSmithKline was cleared to keep a key drug on sale in US markets helped London traders throw off the bears on Tuesday.

RadioShack posts profit but sales weaken (Reuters)

Tuesday, July 31st, 2007

A Radio Shack retail location is seen in an undated publicity photo. RadioShack Corp. reported a better-than-expected second-quarter profit on Monday on cost cutting but sales missed estimates, sending shares of the consumer electronics retailer tumbling about 13 percent. (Handout/Reuters)Reuters - RadioShack Corp. reported a
better-than-expected second-quarter profit on Monday on cost
cutting but sales missed estimates, sending shares of the
consumer electronics retailer tumbling about 13 percent.

Consumer spending cools in June (AP)

Tuesday, July 31st, 2007

AP - Shoppers took a break in June, boosting their spending at the slowest pace in nine months as high gasoline prices and fallout from the housing slump made people think twice about buying.

FCC sets airwaves sale rule (Reuters)

Tuesday, July 31st, 2007

Walkman phones by Sony Ericsson are displayed at the Consumer Electronics Show in Las Vegas, January 3, 2006. The winner of valuable wireless airwaves the U.S. government plans to sell by early next year would have to permit consumers to connect using any device or software, U.S. regulators decided on Tuesday. (Steve Marcus/Reuters)Reuters - The Federal Communications
Commission voted to shake up the wireless market on Tuesday by
approving rules for a big airwaves auction that would require
the winner to make them accessible to any cell phone or other
device.