Archive for June 5th, 2008


New York Times
About 1 in 11 Mortgageholders Face Loan Problems
New York Times - 1 hour ago
A home in Stockton, Calif., is one of the many in foreclosure in that state. By VIKAS BAJAJ and MICHAEL M. GRYNBAUM About 1 in 11 American mortgages were past due or in foreclosure at the end of March, according to a report released on Thursday,
Frank-Dodd Rescue Prolongs Housing Crisis by Deferring Defaults Bloomberg
Mass. foreclosure rates soar to record Boston Herald
CNNMoney.com - MarketWatch - Seattle Post Intelligencer - The State
all 753 news articles

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PR-Inside.com (Pressemitteilung)
Continental Cuts Jobs and Grounds Jets
New York Times - 1 hour ago
Mark Lennihan/AP By MICHELINE MAYNARD Continental Airlines said Thursday that it would cut 3000 jobs and retire 67 Boeing aircraft, becoming the latest airline to announce capacity reductions in the face of high prices for jet fuel.
Video: Continental Airlines to Cut 3,000 Jobs, Capacity AssociatedPress
Continental to cut 3000 jobs Seattle Post Intelligencer
Forbes - ATWOnline - Abilene Reporter-News - Bloomberg
all 1,016 news articles

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EiTB
TREASURIES-Futures slip in Asia on rate outlook,job data eyed
Reuters - 50 minutes ago
By Rika Otsuka TOKYO, June 6 (Reuters) - US Treasury futures slid in Asia on Friday as investors trimmed government debt holdings on views that inflation pressure could prompt the US and euro zone central banks to raise interest rates in the coming
Trichet Leads Shift From Supporting Growth to Beating Inflation Bloomberg
Forex - Dollar steady after overnight losses vs. euro on ECB comments Forbes
Melbourne Herald Sun - International Herald Tribune - Scotsman - The Age
all 1,033 news articles

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WKRG-TV
Verizon to buy Alltel in $28.1 billion deal
Atlanta Journal Constitution - 2 hours ago
By DAVID HO New York - Verizon Wireless agreed Thursday to buy Alltel Corp. in a $28.1 billion deal that would create the nation's largest cellular carrier, catapulting it ahead of AT&T.
Verizon bets the house on wireless CNNMoney.com
Vodafone risks shareholder anger over Alltel takeover Independent
Reuters - Bizjournals.com - Lynchburg News and Advance - Arkansas Business Online
all 1,329 news articles

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Broadcom ex-CEO indicted over drug parties, options
Reuters - 1 hour ago
By Alex Dobuzinskis and Peter Henderson SANTA ANA/LOS ANGELES (Reuters) - Broadcom Corp's former CEO took cocaine and spiked customers' drinks with ecstasy while also directing a criminal stock-options backdating conspiracy that cost the microchip
Broadcom co-founder faces drug, securities charges The Associated Press
Broadcom Founder Indicted on Fraud and Drug Charges New York Times
PC World - Financial Times - Forbes - CNET News
all 564 news articles

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New York Times Blogs
Take-Two blows away targets on 'Grand Theft' sales
MarketWatch - 2 hours ago
By Dan Gallagher, MarketWatch SAN FRANCISCO (MarketWatch) — Take-Two Interactive Software swung to a big profit for its second fiscal quarter thanks to the runaway success of the latest installment of its popular "Grand Theft Auto" series.
Take-Two's (Predictable) Profit Surge BusinessWeek
"Grand Theft Auto" boosts Take-Two profit Reuters India
Bloomberg - CNET News - CNNMoney.com - Forbes
all 79 news articles

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Tribune Co. Plans Sharp Cutbacks at Papers
New York Times - 1 hour ago
By RICHARD PÉREZ-PEÑA Tribune Company newspapers like The Los Angeles Times and The Chicago Tribune will quickly cut costs - by printing fewer papers by employing fewer journalists - top company executives said on Thursday.
Tribune execs planning to make papers smaller BusinessWeek
Zell Unveils Sweeping Changes For Tribune's Newspaper Business Wall Street Journal
Reuters - Chicago Sun-Times - Newsday - Editor & Publisher
all 24 news articles

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TopNews
Nikkei likely to rise on weaker yen, US data
Forbes - 4 hours ago
TOKYO, June 6 (Reuters) - Japanese stocks are likely to rise on Friday, with exporters such as Toyota Motor Corp buoyed by a weaker yen and new hope for the US economy after surprisingly strong job market data and retail sales.
Nikkei rises above 14500 on US market's overnight gains Monsters and Critics.com
Japan Stocks Advance, Set for Weekly Gain, on Yen; Inpex Surges Bloomberg
Bloomberg - Bloomberg - Bloomberg - Bloomberg
all 218 news articles

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Trail of Bad Loans Leads to the Couple Next Door
New York Times - 3 hours ago
By FLOYD NORRIS In the spreading mortgage crisis, there are many homeowners who were tricked into taking out loans they could not afford, or who failed to understand the risks they were taking.
State's mortgage woes up, but still better than US Seattle Post Intelligencer
Jobs report may make or break stocks rally MarketWatch
Hartford Courant - CNNMoney.com - Bloomberg - Medill Reports
all 683 news articles

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Bank of America's Countrywide Bid Wins Fed Approval (Update2)
Bloomberg - 38 minutes ago
By David Mildenberg June 5 (Bloomberg) — Bank of America Corp., the biggest US consumer bank, won Federal Reserve approval to acquire Countrywide Financial Corp.
UPDATE: Fed Approves Bank Of America Acquisition Of Countrywide CNNMoney.com
Fed approves Bank of America takeover of Countrywide Financial Forbes
Reuters - The Associated Press - San Jose Mercury News - MSN Money
all 513 news articles

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