Car industry gloom descends on GM, BMW, Nissan

August 1, 2008 on 10:07 pm | In Business News | No Comments

FRANKFURT/DETROIT (Reuters) - The meltdown in the global car industry claimed more victims on Friday as General Motors lost another $15.5 billion (7.8 billion pounds), BMW warned on profits and Nissan earnings missed expectations by a wide margin.

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Car industry gloom descends on GM, BMW, Nissan

Yahoo board wins solid shareholder backing in vote

August 1, 2008 on 8:45 pm | In Business News | No Comments

SAN JOSE, California (Reuters) - Yahoo’s board of directors won strong backing from shareholders at its annual meeting on Friday, with Jerry Yang, the company’s embattled CEO, receiving 85 percent of the vote in his favour.

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Yahoo board wins solid shareholder backing in vote

U.S. July auto sales spiral to 16-year low

August 1, 2008 on 7:13 pm | In Business News | No Comments

DETROIT (Reuters) - U.S. auto sales plunged to a 16-year-low in July, led by a 27 percent drop at General Motors , as high gas prices and tight credit sent the industry into a tailspin.

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U.S. July auto sales spiral to 16-year low

Stocks falter on global slowdown

August 1, 2008 on 4:54 pm | In Business News | No Comments

NEW YORK (Reuters) - Global equities fell amid signs of a spreading impact from rising oil prices and the credit crunch on Friday, although the dollar gained on signs the U.S. economy may be recovering faster than others.

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Stocks falter on global slowdown

U.S. jobs woes add to global factories gloom

August 1, 2008 on 3:55 pm | In Business News | No Comments

NEW YORK/LONDON (Reuters) - Factories are struggling in countries ranging from China to Europe to the United States, while U.S. unemployment hit a four-year …

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U.S. jobs woes add to global factories gloom

Oil rises on Iranian nuclear concerns

August 1, 2008 on 3:53 pm | In Business News | No Comments

NEW YORK (Reuters) - Oil prices rose on Friday after Israel warned that Iran was on the verge of a breakthrough in its nuclear program, stirring concerns of a potential confrontation that could disrupt supply from the OPEC nation.

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Oil rises on Iranian nuclear concerns

Yahoo chairman defends merger stance at meeting

August 1, 2008 on 3:15 pm | In Business News | No Comments

SAN JOSE, California (Reuters) - Yahoo tried to soothe angry investors at its annual meeting on Friday, insisting it had been …

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Yahoo chairman defends merger stance at meeting

Global stocks fall on economic fears

August 1, 2008 on 2:50 pm | In Business News | No Comments

NEW YORK (Reuters) - Surging oil and reports of carmakers’ woes fanned economic worries and hit global equities on Friday, although the dollar managed a rise on the view that Europe’s economy is further from recovery than the United States.

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Global stocks fall on economic fears

FTSE falls on U.S. data and miners

August 1, 2008 on 12:35 pm | In Business News | No Comments

LONDON (Reuters) - The benchmark share index extended losses to fall by more than 1 percent on Friday as U.S. jobs data weighed, while mining stocks tracked metal prices lower and British Energy slipped after a takeover blow.

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FTSE falls on U.S. data and miners

TNK-BP shareholders agree management change

August 1, 2008 on 12:21 pm | In Business News | No Comments

MOSCOW (Reuters) - BP and its partners in TNK-BP have agreed to change the management of their troubled Russian oil venture, a newspaper reported after top level talks over the future of the company.

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TNK-BP shareholders agree management change

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