Boeing makes "best and final offer" to union (Reuters)
Reuters - Boeing Co said on Thursday it
made its “best and final” contract offer to its largest labor
union, the International Association of Machinists and
Aerospace Workers (IAM).
Lehman looking at cutting some 1,200 jobs: source (Reuters)
Reuters - Lehman Brothers Holdings Inc
is looking at cutting some 1,200 jobs in its latest round of
cost cutting, a person familiar with the matter said, as weak
financial markets spur layoffs across Wall Street.
Tiffany, Zale confident on holidays; shares jump (Reuters)
Reuters - U.S. jewelers are confident they will
prevail this holiday shopping season, betting that upscale and
middle-income customers won’t resist buying baubles despite a
weak economy.
Wall Street rallies on strong GDP, weaker oil (Reuters)
Reuters - Stocks rallied on Thursday, led by
major industrial and financial companies, as oil prices eased
and data showed the economy grew more quickly than expected in
the second quarter.
Economy shows vigor, but seen flagging (Reuters)
Reuters - Strong exports and consumer spending
supported by government stimulus checks pushed the U.S. economy
ahead at a solid 3.3 percent annual rate in the second quarter,
much stronger than first thought, but growth is expected to
flag as those factors fade.
Fannie's capital better than market perceptions: Lehman (Reuters)
Reuters - Fannie Mae’s capital and reserves
positions are better than market expectations, and the biggest
U.S. mortgage finance company may not need any more externally
raised capital, according to an analyst at Lehman Brothers.
Thornburg survival in doubt, sees completing tender (Reuters)
Reuters - Thornburg Mortgage Inc , a
specialist in jumbo home loans, said its survival remained in
doubt following additional margin calls, but it is on track to
complete a restructuring and avoid collapse.
Wall Street rallies on strong GDP (Reuters)
Reuters - Stocks rallied on Thursday as a
surprisingly big upward revision to U.S. growth in the second
quarter and lower oil prices fanned optimism about the economy.
Tiffany, Zale confident on holidays; shares jump (Reuters)
Reuters - U.S. jewelers are confident they will
prevail this holiday shopping season, betting that upscale and
middle-income customers won’t resist buying baubles despite a
weak economy.
Fannie's capital better than market perceptions: Lehman (Reuters)
Reuters - Fannie Mae’s capital and reserves
positions are better than market expectations, and the biggest
U.S. mortgage finance company may not need any more externally
raised capital, according to an analyst at Lehman Brothers.