Reuters - Google Inc on Thursday
reported disappointing quarterly results on rising capital
spending and costs for acquiring advertising customers,
unnerving investors who sent its shares down 6.5 percent.
Reuters - Yahoo Inc nonexecutive
Chairman Terry Semel is leaving the board, the Internet company
said on Thursday, announcing the end of its formal ties with
the ex-CEO credited with reviving the company and then losing
touch.
Reuters - MBIA Inc said on Thursday it
would have the cash to meet commitments even after reporting a
worse-than-expected loss, but rating agencies kept the pressure
on the world’s largest bond insurer with a series of actions
and warnings late in the day.
Reuters - Stocks ended higher on Thursday after
a major bond insurer reassured investors about its stability,
fueling a rebound by financial shares hammered recently by the
prospect of crumbling credit markets.
FT.com - The Philippine economy grew at an annual rate of 7.3 per cent last year, recording its biggest expansion in 31 years thanks to stronger consumer and government spending.
Reuters - Motorola Inc , the world’s No.
3 mobile phone maker, said on Thursday it is exploring
strategic alternatives including a possible separation of its
mobile devices business from other units.
Reuters - Home Depot Inc , the world’s top
home improvement retailer, said on Thursday it will cut 500
jobs at its Atlanta store support center, or about 10 percent
of the headquarters staff.
AFP - European stock markets closed generally lower Thursday, after a mixed performance in Asia, with investors anxious about the financial health of US bond insurers as well as the broader US economy.
AP - It took years for Andrzej Solyga to muster the courage to invest in mutual funds.
Reuters - Pharmaceutical wholesaler McKesson
Corp reported on Thursday that its quarterly profit
fell 17 percent as results were hit by charges and lower profit
margins on generic drugs.
Reuters - Google Inc on Thursday
reported a disappointing quarterly profit and aggressive
spending plans to support a widening range of Web services,
unnerving investors who sent its shares down 8 percent.
Reuters - MBIA Inc said on Thursday it
will have enough cash to meet its commitments even after
reporting a worse-than-expected quarterly loss, while Standard
& Poor’s is reviewing the top ratings it gave to the world’s
largest bond insurer.
AP - WASHINGTON Buffeted by soaring fuel prices and tighter credit, consumers increased their spending at the weakest pace in six months. In other signs of trouble, applications for unemployment benefits last week soared by the largest number since Hurricane Katina.
Reuters - Home Depot Inc , the world’s top
home improvement retailer, said on Thursday it will cut 500
jobs at its Atlanta store support center, or about 10 percent
of the headquarters staff.
AP - Web retailer Amazon.com Inc. said Thursday it will buy online audio book seller Audible Inc. for $300 million in a bid to expand its reach in digital audio content.