Archive for June 24th, 2008


Earthtimes (press release)
Fed seen holding rates as inflation unease grows
Reuters - 1 hour ago
By Mark Felsenthal WASHINGTON (Reuters) - The US Federal Reserve on Wednesday is expected to hold interest rates steady and indicate slightly greater unease on inflation, while stopping well short of signaling higher borrowing costs are imminent.
The Fed Five Wall Street Journal
Don't Expect the BOE's Tough Talk From the Fed Barron’s
CNBC - Bloomberg - Arizona Republic - Charlotte Observer
all 948 news articles

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Turkish Press
Bernanke May Halt Rate Cuts, Shift Focus to Inflation Concern
Bloomberg - 2 hours ago
By Steve Matthews June 25 (Bloomberg) — The Federal Reserve may signal today that inflation is starting to replace a recession and the credit crunch as the biggest risk facing the economy.
Fed seen holding rates as inflation unease grows Reuters
The Fed Five Wall Street Journal
Barron’s - CNBC - Financial Times - MSN Money
all 917 news articles

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Reuters
Dow Chemical Raises Prices for Second Time in a Month
New York Times - 3 hours ago
Steven Simpkins/AP A Dow Chemical complex in Midland, Mich. The company, which increased prices by 20 percent last month, now says costs are forcing a second increase, this time by up to 25 percent.
Dow Chemical again hikes prices Chicago Tribune
Dow Chemical raises prices by 25 percent Arizona Daily Star
GreenBiz - CNNMoney.com - Forbes - istockAnalyst.com
all 363 news articles

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Earthtimes (press release)
Ill. AG to sue Countrywide over lending practices
The Associated Press - 38 minutes ago
CHICAGO (AP) - The nation's biggest mortgage lender engaged in "unfair and deceptive" practices to get homeowners to apply for risky mortgages far beyond their means, according to a civil lawsuit Illinois' attorney general planned to file Wednesday.
Illinois Sues Countrywide New York Times
AG Madigan to sue Countrywide Financial for fraud Crain’s Chicago Business
WTHI - Wall Street Journal - Reuters - Forbes
all 118 news articles

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Earthtimes (press release)
Charlotte home prices slip for the year
Charlotte Observer - 1 hour ago
It's the first such drop since 1991, and things are a lot worse elsewhere - but that's little comfort for homeowners who can't sell.
Four years of gains in home prices wiped out MarketWatch
US house prices data hit hopes for recovery Financial Times
CNNMoney.com - New York Times - Minneapolis Star Tribune - guardian.co.uk
all 712 news articles

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Citizen
Consumer Mood Plummets
New York Times - 1 hour ago
By Michael Gadd, Inc.com Driven by a weaker job market and poor business conditions, consumer confidence dropped to a 16-year low in June, the Conference Board reported this week.
The US Consumer: Darkness in June BusinessWeek
Consumer confidence inches up but still negative: ABC Reuters
CNNMoney.com - Nightly Business Report - Footwear News - Bloomberg
all 629 news articles

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Wall Street Journal
London Exchange Says Efforts to Curb Speculation are `Foolish'
Bloomberg - 2 hours ago
By Dale Crofts and Millie Munshi June 25 (Bloomberg) — Governments would be “foolish'' to limit participation in commodity markets and curb speculation because prices are based on supply and demand, London Metal Exchange Chief Executive Officer
To Find a Culprit New York Times
Fundamentals, not speculators, are to blame for rising prices Financial Times
CNNMoney.com - MarketWatch - Forbes - Los Angeles Times
all 394 news articles

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Reuters
Pier 1 withdraws offer to buy Cost Plus
BusinessWeek - 1 hour ago
Retailer Pier 1 Imports Inc. said Tuesday it is withdrawing its offer to buy rival Cost Plus Inc. for $88 million. Pier One said it was unlikely it would be able to buy the company at a price that would make sense for its shareholders.
Pier 1 drops bid for Cost Plus MarketWatch
Pier 1 withdraws offer to acquire Cost Plus Forbes
RTT News - Fort Worth Business Press - KTEN - Business Wire (press release)
all 41 news articles

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RTE.ie
Dollar millionaires top 10m
guardian.co.uk - 8 hours ago
The number of dollar millionaires around the world increased by 6% last year, defying the impact of the credit crunch, with the fastest growth in the emerging economies of India, China and Brazil.
10 Million Millionaires ToTheCenter.com
Minnesota mints millionaires Pioneer Press
The Associated Press - Bloomberg - BBC News - Boston Globe
all 578 news articles

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Earthtimes (press release)
US house prices continue to fall
guardian.co.uk - 2 hours ago
US house prices fell further in April, with every top city showing annual losses, many with double-digit declines, new figures showed yesterday.
Four years of gains in home prices wiped out MarketWatch
Home prices post record 15.3% drop CNNMoney.com
New York Times - The Associated Press - Money Morning - Bizjournals.com
all 633 news articles

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