Archive for June 23rd, 2008


Citizen
Bernanke Plays `Dangerous Game' Balancing Rate Talk With Action
Bloomberg - 2 hours ago
By Scott Lanman June 24 (Bloomberg) — Federal Reserve Chairman Ben S. Bernanke, by voicing concern about inflation and the slumping dollar, has fanned investor expectations for an interest-rate increase as soon as August.
Economic Challenges Draw Out Divisions at Fed Washington Post
The Fed: What the Pros Are Saying BusinessWeek
MarketWatch - AFP - USA Today - Forbes
all 573 news articles

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Gulf Times
The Fed: What the Pros Are Saying
BusinessWeek - 1 hour ago
The Federal Reserve finds itself at a critical juncture as Ben Bernanke & Co. approach the June 24-25 Federal Open Market Committee meeting.
Watch what Fed says MarketWatch
Federal Reserve expected to leave key rate at 2% USA Today
Forbes - Reuters - The Associated Press - Nightly Business Report
all 359 news articles

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Sabah
Broadcom exec pleads guilty to lying to SEC
The Associated Press - 2 hours ago
SANTA ANA, Calif. (AP) - Broadcom Corp. co-founder Henry Samueli pleaded guilty Monday to lying to the Securities and Exchange Commission as it probed stock option backdating at the chip maker.
Broadcom's Samueli pleads guilty in backdating case Washington Post
Broadcom co-founder to plead guilty in backdating case MarketWatch
Bloomberg - Financial Times - Forbes - San Mateo County Times
all 270 news articles

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Half Life Source
United Airlines to Put 950 Pilots on Furlough
Washington Post - 2 hours ago
By Sholnn Freeman United Airlines said yesterday that it would furlough 950 pilots, or 15 percent of its pilot ranks, in the biggest such reduction since the sweeping industry cutbacks after the Sept.
United lays off 950 pilots as fuel costs mount MarketWatch
United to Eliminate 950 Pilot Jobs New York Times
Reuters - Bloomberg - Journal and Courier - Bizjournals.com
all 266 news articles

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Sabah
Samueli in plea-bargain over options
Financial Times - 43 minutes ago
By Kevin Allison in San Francisco Henry Samueli, the billionaire California entrepreneur and philanthropist, yesterday pleaded guilty to making a false statement to federal authorities about his role in stock options back-dating at Broadcom,
Broadcom's Samueli pleads guilty in backdating case Washington Post
Broadcom co-founder to plead guilty in backdating case MarketWatch
The Associated Press - Bloomberg - Forbes - Orange County Business Journal
all 249 news articles

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Earthtimes (press release)
Citibank hired to explore Hummer options
Detroit Free Press - 50 minutes ago
By KATIE MERX • FREE PRESS BUSINESS WRITER • June 23, 2008 General Motors Corp. has hired Citibank to help it review the options for the Hummer brand, the automaker told dealers today in a conference call held by the automaker’s head of North American
GM Cuts Truck Production, Adds No-Interest Financing (Update2) Bloomberg
GM to offer zero-percent financing on trucks Reuters
New York Times - The Associated Press - CNNMoney.com - guardian.co.uk
all 406 news articles

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Broadcom's Samueli pleads guilty in backdating case
Washington Post - 1 hour ago
By Gina Keating LOS ANGELES (Reuters) - Broadcom Corp (BRCM.O) co-founder Henry Samueli pleaded guilty on Monday to a criminal charge of making a materially false statement to Securities and Exchange Commission investigators in a backdating case.
Broadcom co-founder to plead guilty in backdating case MarketWatch
Broadcom's Samueli to Plead Guilty in Backdating Case (Update3) Bloomberg
Forbes - The Associated Press - Bleacher Report - Sun-Sentinel.com
all 216 news articles

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Earthtimes (press release)
UPDATE: GM Trims Truck/SUV Production Plans, Adds Incentives
CNNMoney.com - 1 hour ago
(Updates throughout with information on extent of cuts and the affected plants, details on incentives, reference to impact on parts suppliers, update on Hummer review, comments from GM executive and from analyst, and closing share prices.
GM Offers Incentives to Clear Backlog New York Times
GM Cuts Truck Production, Adds No-Interest Financing (Update2) Bloomberg
Reuters - Wall Street Journal - Financial Times - guardian.co.uk
all 317 news articles

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Earthtimes (press release)
GM Cuts Truck Production, Adds No-Interest Financing (Update2)
Bloomberg - 3 hours ago
By Greg Bensinger June 23 (Bloomberg) — General Motors Corp. reduced its North American truck production plan and added no-interest loans on many 2008 models after a consumer shift to cars contributed to a 16 percent drop in its US sales through May.
GM Extends Plant Shutdowns, Offers More Sales Incentives Wall Street Journal
GM to offer zero-percent financing on trucks Reuters
New York Times - The Associated Press - Financial Times - CNNMoney.com
all 365 news articles

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Kenya Broadcasting Corporation
Oil services index jumps 5% as energy sector romps
MarketWatch - 1 hour ago
By Steve Gelsi, MarketWatch NEW YORK (MarketWatch) - Natural gas shares and oil services shares moved up sharply Monday, with the benchmark Philadelphia Oil Service Index rising nearly 5% as crude prices advanced and the broad market flattened after a
Video: Saudis Up Oil Production CBS
Saudi hike may not be enough to end oil bull run Reuters
CNNMoney.com - guardian.co.uk - Bloomberg - The Associated Press
all 1,162 news articles

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