Archive for August 4th, 2008


Washington Post
Crude Oil Falls to Three-Month Low as Storm to Miss US Fields
Bloomberg - 56 minutes ago
By Nesa Subrahmaniyan Aug. 5 (Bloomberg) — Crude oil fell to a three-month low as meteorologists forecast Tropical Storm Edouard will miss most offshore production facilities in the US Gulf Coast while approaching Texas.
Video: Tropical Storm Edouard Aims for Texas, La. Coast AssociatedPress
Coastal residents brace for Edouard's arrival Houston Chronicle
Seguin Gazette-Enterprise - Beaumont Enterprise - KGMB9 - Houma Courier
all 3,367 news articles

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StarPhoenix
Bernanke May Sound Tougher on Inflation to Avert Fed Rebellion
Bloomberg - 3 hours ago
By Scott Lanman Aug. 5 (Bloomberg) — Federal Reserve Chairman Ben S. Bernanke, likely to leave interest rates unchanged today, may need to sound tougher on inflation to avert the sharpest public disagreement among policy makers in more than a decade.
Fed seen holding rates steady as growth stumbles Reuters
No change expected in Fed interest rates The Associated Press
Seattle Times - CNN International - Money Morning - BusinessWeek
all 668 news articles

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Jackson County Floridan
Fannie Mae, Freddie Mac to Report Losses Through End of Year
Bloomberg - 2 hours ago
By Dawn Kopecki Aug. 5 (Bloomberg) — Fannie Mae and Freddie Mac, the biggest US mortgage-finance companies, may report net losses through the first quarter of 2009 as home-loan delinquencies rise to the highest on record, analysts' estimates show.
Truce Time in the Fan-Fred Wars Wall Street Journal
At Freddie Mac, Chief Discarded Warning Signs New York Times
San Francisco Chronicle - Reuters - International Herald Tribune - MarketWatch
all 407 news articles

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Boston Globe
Fed seen holding rates steady as growth stumbles
Reuters - 24 minutes ago
By Mark Felsenthal WASHINGTON, Aug 5 (Reuters) - The US Federal Reserve on Tuesday is expected to hold interest rates steady as dismal housing markets and tight credit weigh on the economy, while it signals lingering inflation concerns despite lower
Fed Watch: What the Pros Are Saying BusinessWeek
Will the FOMC Acknowledge the Credit Crisis' Impact? Barron’s
MarketWatch - AFP - CNBC - CNNMoney.com
all 383 news articles

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Calgary Herald
Oil Falls to Three Month Low as Storm May Miss US Gulf Fields
Bloomberg - 49 minutes ago
By Nesa Subrahmaniyan Aug. 5 (Bloomberg) — Crude oil fell to a three month low as Tropical Storm Edouard will avoid most offshore production facilities in the US Gulf Coast as it approaches Texas.
Video: Tropical Storm Edouard Aims for Texas, La. Coast AssociatedPress
2 Swimmers Die in Gulf: Double-Red Flags Posted on Beaches RedOrbit
guardian.co.uk - MyFox Houston - Beaumont Enterprise - CNNMoney.com
all 3,047 news articles

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PhysOrg.com
Market Place Motorola Names Leader for Mobile Phone Unit
New York Times - 1 hour ago
By LAURA M. HOLSON MOTOROLA, struggling to design a popular line of cellphones, tapped a semiconductor industry executive, Sanjay K. Jha of Qualcomm, to head its troubled mobile phone division and share chief executive duties for the entire company in
Qualcomm Sees Opportunity as Jha Departs Wall Street Journal
Wireless-device giant taps Qualcomm exec prior to spinning off MarketWatch
BusinessWeek - Forbes - Financial Times - Bloomberg
all 544 news articles

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AFP
Thain Says Merrill May Become Profitable `Shortly' (Update2)
Bloomberg - 2 hours ago
By Bradley Keoun and Josh Fineman Aug. 4 (Bloomberg) — Merrill Lynch & Co., the US securities firm that booked almost $19 billion of net losses in the past four quarters, may become profitable soon, Chief Executive Officer John Thain said.
Thain Speaks. Will Investors Listen? Forbes
Merrill's Thain says could be more capital raises: report Reuters
BusinessWeek - AFP - CNBC - Wall Street Journal
all 61 news articles

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Sabah
Icahn Calls Bristol Bid Too Low, Weighs ImClone Split (Update2)
Bloomberg - 2 hours ago
By Tom Randall Aug. 4 (Bloomberg) — Carl Icahn, ImClone Systems Inc.'s chairman and second-biggest shareholder, said Bristol-Myers Squibb Co.
Bristol-Myers: 'Have Made A Full And Fair Offer' For ImClone CNNMoney.com
Biotech says Bristol-Myers' $4.5B bid 'substantially undervalues MarketWatch
FOXBusiness - Reuters - New York Times - TheStreet.com
all 715 news articles

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Calgary Herald
Tropical Storm Edouard Heads for Texas, Shuts Rigs (Update1)
Bloomberg - 1 hour ago
By Brian K. Sullivan Aug. 4 (Bloomberg) — Tropical Storm Edouard prompted evacuations of some oil and gas rigs in the Gulf of Mexico as it struggled to intensify before an expected landfall near Galveston, Texas, the biggest US petroleum port.
Video: AP Top Stories AssociatedPress