Reuters - Members of the Rockefeller family are
calling on Exxon Mobil Corp to make governance changes
and increase spending on alternative fuels, sharpening the
focus on the company’s practices as oil soars close to $120.
Reuters - Stocks fell on Wednesday after the
Federal Reserve trimmed interest rates but left unclear the
outlook for further rate cuts, prompting profit-taking as the
Standard & Poor’s 500 index ended its best month since December
2003.
Reuters - A buildup in inventories kept the
U.S. economy afloat in the first quarter despite the weakest
consumer spending since 2001 and reduced business investment, a
government report on Wednesday showed.
Reuters - A buildup in inventories kept the
U.S. economy afloat in the first quarter despite the weakest
consumer spending since 2001 and reduced business investment, a
government report on Wednesday showed.
Reuters - The Federal Reserve lowered a key
U.S. interest rate by a modest quarter percentage point on
Wednesday and hinted the move could be the last in a series
dating to mid-September.
Reuters - General Motors Corp posted a
narrower-than-expected quarterly loss on Wednesday as sales
gains in Asia and Latin America overshadowed a slump in the
U.S. market, sending its shares up 13 percent.
AFP - British oil and gas giant BG Group said Wednesday it had bid 12.1 billion US dollars (7.8 billion euros) in cash for Origin Energy, Australia’s second-largest energy retailer.
AFP - Europe’s main stock markets dropped on Wednesday in cautious trade as investors awaited a statement from the US central that will accompany an expected cut in interest rates, dealers said.
AFP - Swiss banking giant UBS on Monday declined comment on a report which claimed that the group, currently the worst-hit financial institution by the subprime home loan crisis, would cut 8,000 jobs.
AFP - Leading shares in London closed flat on Wednesday, having reversed earlier gains ahead of the Federal Reserve’s interest rate decision and after better-than-expected US economic data, balanced by weakness among the UK miners.