Napier New Zealand News Center
Microsoft, Yahoo mull media partner options: sources (Reuters)
July 3, 2008
Reuters - Microsoft Corp
and Yahoo Inc have been holding separate talks with
other potential media partners after their negotiations with
each other broke down, sources familiar with the companies'
thinking said on Wednesday.
Dow's bear market run spells trouble for Wall St. (Reuters)
July 3, 2008
Reuters - With the Dow sliding into a bear
market on Wednesday, the dark days on Wall Street are far from
over, amid record oil prices, struggling consumers and the
never-ending credit crisis.
Chrysler to explore ties with China's Great Wall (Reuters)
July 3, 2008Reuters - Chrysler LLC has signed a memorandum of understanding with China's Great Wall Motor Co (2333.HK) to explore long-term business ties in various areas including distribution, components and technology.
Asia stocks slide as investors flee stagflation (Reuters)
July 3, 2008
Reuters - Asian stocks fell on Thursday on
signs of further deterioration in the U.S. economy, a fresh
record high in oil prices, and heightened fears that
stagflation will continue to damage company earnings and
consumer spending.
U.S. warns of resistance in China to market reforms (Reuters)
July 3, 2008Reuters - China must make a stand against the opponents of reform and allow market forces to play a greater role in setting prices, including the yuan's exchange rate, a senior U.S. official said on Thursday.
Ex-NYSE chief can keep 100-million-dollar payout: court (AFP)
July 3, 2008
AFP - An appeals court Tuesday gave former New York Stock Exchange (NYSE) chief Richard Grasso a total victory by dismissing all claims seeking reimbursement of a contested 100-million-dollar severance payout.
U.S. wins court order for UBS Swiss bank records (Reuters)
July 3, 2008
Reuters - A federal judge in Miami has
authorized U.S. officials to seek information from UBS AG
about U.S. taxpayers suspected of using Swiss bank
accounts to evade income taxes, part of a probe that could
crack open Switzerland's tradition of bank secrecy.
Circuit City shares fall as Blockbuster yanks bid (AP)
July 3, 2008AP - Circuit City Stores Inc. plummeted to historic lows in trading Wednesday after Blockbuster Inc. withdrew its takeover bid, causing investors to question the consumer electronics retailer's future.
It's official: Market is in bear territory
July 3, 2008Wall Street resumed its sell-off Wednesday after oil hit a new record and a bearish analyst report renewed concerns that General Motors Corp. could run out of cash.
Oil passes $144 to set yet another record
July 3, 2008Oil shot to a new record above $144 a barrel Wednesday as the government reported a bigger-than-expected drop in U.S. supplies and the threat of conflict with Iran weighed on traders.
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