Microsoft profit outlook below expectations

July 17, 2008 on 9:22 pm | In Business News | No Comments

LOS ANGELES (Reuters) - Microsoft Corp posted a quarterly profit and outlook below Wall Street expectations on Thursday, citing “tough” economic conditions, and its shares fell 6 percent.

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Microsoft profit outlook below expectations

Treasury to set rules for next cycle

July 17, 2008 on 8:54 pm | In Business News | No Comments

LONDON (Reuters) - The Treasury said it would set out fiscal rules for the next economic cycle when the current cycle ends, dismissing a report that it was about to relax its framework to allow more borrowing.

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Treasury to set rules for next cycle

Cheaper oil fuels global stocks rally

July 17, 2008 on 8:13 pm | In Business News | No Comments

NEW YORK (Reuters) - Global stocks surged for a second day on Thursday as JPMorgan Chase’s earnings lifted the battered banking sector and a slide in oil prices to under $130 a barrel eased fears that inflation could run amok.

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Cheaper oil fuels global stocks rally

Google earnings disappoint and shares drop 8 percent

July 17, 2008 on 8:10 pm | In Business News | No Comments

SAN FRANCISCO (Reuters) - Google Inc reported a weaker-than-expected 35 percent rise in net profit as the company blamed lower returns from managing its huge cash pile rather than softening sales of online advertising.

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Google earnings disappoint and shares drop 8 percent

Online retail spending up 38 percent

July 17, 2008 on 8:08 pm | In Business News | No Comments

LONDON (Reuters) - Online retail sales in Britain leapt 38 percent in the first half of the year to account for 17 pence in every pound spent, and this figure could rise to as high as 50 pence in five years, a report said on Friday.

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Online retail spending up 38 percent

Online retail spending up 38 pct

July 17, 2008 on 7:23 pm | In Business News | No Comments

LONDON (Reuters) - Online retail sales in Britain leapt 38 percent in the first half of the year to account for 17 pence in every pound spent, and this figure could rise to as high as 50 pence in five years, a report said on Friday.

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Online retail spending up 38 pct

Home gas bills to soar as oil link strengthens

July 17, 2008 on 7:12 pm | In Business News | No Comments

LONDON (Reuters) - Gas prices are going to be more strongly influenced by global oil markets for the foreseeable future and householders will have to get used to spending much more on energy unless the …

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Home gas bills to soar as oil link strengthens

UBS halts U.S. offshore services

July 17, 2008 on 5:46 pm | In Business News | No Comments

WASHINGTON (Reuters) - UBS AG overhauled its offshore private banking business for U.S. residents on Thursday in the face of accusations by congressional investigators that the Swiss bank helped clients dodge taxes.

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UBS halts U.S. offshore services

Google earnings miss expectations

July 17, 2008 on 5:27 pm | In Business News | No Comments

SAN FRANCISCO (Reuters) - Google Inc reported a weaker-than-expected 35 percent rise in quarterly net profit due to lower interest income and higher expenses for foreign currency hedges, driving its shares down 7 percent on Thursday.

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Google earnings miss expectations

EU files new competition charges against Intel

July 17, 2008 on 5:12 pm | In Business News | No Comments

BRUSSELS (Reuters) - European Union antitrust regulators made new accusations against chipmaker Intel Corp on Thursday, saying it paid retailers not to sell PCs using chips made by rival Advanced Micro Devices Inc.

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EU files new competition charges against Intel

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