Archive for July 31st, 2008


Telegraph.co.uk
Yahoo's Yang Has Little to Show Investors After Icahn Truce
Bloomberg - 41 minutes ago
By Crayton Harrison Aug. 1 (Bloomberg) — Yahoo! Inc. Chief Executive Officer Jerry Yang faces shareholders at his first annual meeting today with little progress to report after he spent half of his tenure fighting to retain control of the Internet
Having Won his Board Seats, Icahn Decides To Skip Yahoo Washington Post
Yahoo expected to spar with peeved shareholders The Associated Press
Reuters - CNNMoney.com - USA Today - CNBC
all 354 news articles

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IBM Invests Nearly $400 Million on Cloud Computing Centers in US
MarketWatch - 54 minutes ago
, , ) today announced a massive expansion of its cloud computing capabilities, spending hundreds of millions of dollars to create two ultra-sophisticated delivery centers that will power the cloud-like computing model that the next era of computing
IBM Ramps Up Cloud Computing With Two Data Centers CNNMoney.com
Commercializing the Cloud New York Times
Computerworld - GigaOm - New York Times Blogs - RTT News
all 20 news articles

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Reuters
Bristol-Myers Squibb's Big Bet
BusinessWeek - 57 minutes ago
by David Bogoslaw Drug giant Bristol-Myers Squibb's (BMY) $4.5 billion offer to acquire the 83% of ImClone Systems (IMCL) it doesn't already own brings the Big Pharma stalwart deeper into the biotech realm.
Bristol-Myers bids $4.5 billion for rest of ImClone MarketWatch
Everything's Coming Up Icahn Forbes
CNNMoney.com - Bloomberg - The Times of Trenton - NJ.com - Reuters
all 331 news articles

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Turkish Press
GDP Grows at Tepid 1.9% Pace Despite Stimulus
New York Times - 58 minutes ago
By PETER S. GOODMAN The American economy expanded more slowly than expected from April to June, the government reported Thursday, while numbers for the last three months of 2007 were revised downward to show a contraction - the first official slide
GDP accelerates to 1.9% pace in second quarter MarketWatch
US Economy: Growth Rate Falls Short of Forecasts (Update3) Bloomberg
Reuters - BusinessWeek - AFP - Washington Times
all 963 news articles

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GulfNews
If only Exxon could earn money like Disney
Los Angeles Times - 59 minutes ago
Some things are just too easy — like attacking Exxon Mobil Corp. for yet another quarter of record earnings. Of course Exxon made a lot of money in the second quarter.
Exxon Shares Slip Forbes
Lawmakers to Big Oil: invest in alternative energy Reuters
Houston Chronicle - New York Times - BusinessWeek - MarketWatch
all 968 news articles

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Exxon Shares Slip
Forbes - 2 hours ago
Profit margins for refined oil products slipped in the most recent quarter as gasoline prices failed to keep pace with soaring crude prices, Exxon Mobil said, echoing complaints from other oil companies.
Lawmakers to Big Oil: invest in alternative energy Reuters
ExxonMobil Corp. Q2 2008 Earnings Call Seeking Alpha
New York Times - BusinessWeek - MarketWatch - The Associated Press
all 947 news articles

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The Associated Press
GDP accelerates to 1.9% pace in second quarter
MarketWatch - 1 hour ago
By Rex Nutting, MarketWatch WASHINGTON (MarketWatch) — Boosted by stimulus checks from Uncle Sam and a big drop in imports, real growth in the US economy accelerated in the second quarter to a 1.9% annual rate, the Commerce Department reported
US Economy: Growth Rate Falls Short of Forecasts (Update3) Bloomberg
Yes, Virginia, it's a recession BusinessWeek
Reuters - guardian.co.uk - Forbes - The Associated Press
all 1,072 news articles

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US Economy: Growth Rate Falls Short of Forecasts (Update3)
Bloomberg - 1 hour ago
By Bob Willis and Timothy R. Homan July 31 (Bloomberg) — The US economy shrank at the end of 2007 and grew less than forecast in this year's second quarter, signaling that the country is in worse shape than investors had anticipated.
Unconvinced by economic growth? Blame the deflator Reuters
US GDP up modestly on stimulus,jobless claims jump guardian.co.uk
Forbes - The Associated Press - International Herald Tribune - BusinessWeek
all 1,019 news articles

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Lawmakers to Big Oil: invest in alternative energy
Reuters - 1 hour ago
By Tom Doggett WASHINGTON (Reuters) - Congressional Democrats on Thursday urged big oil companies to invest more of their record profits into boosting US oil production and developing renewable energy instead of buying back their own stock.