Archive for August 8th, 2008


Earthtimes (press release)
Berkshire Net Falls 7.6% to $2.88 Billion as Insurance Slumps
Bloomberg - 4 hours ago
By Josh P. Hamilton and Erik Holm Aug. 9 (Bloomberg) — Billionaire investor Warren Buffett's Berkshire Hathaway Inc. posted its third straight profit decline as lower rates pressured results in insurance operations.
Even Buffett Gets The Blues Forbes
Buffett Reports Dip in Profit New York Times
TMCnet - The Associated Press - MarketWatch - Los Angeles Times
all 234 news articles

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Earthtimes (press release)
Homebuilder Shares Catch Beazer's Breeze
Forbes - 6 hours ago
After months of despair, it doesn't take much to raise the hopes of investors in American homebuilders. Shares of Beazer Homes USA rose Friday on better-than-expected sales and a narrowed loss.
Beazer Posts Narrower Loss Wall Street Journal
Beazer Homes Announces Fiscal Third Quarter 2008 Financial Results MarketWatch
Bloomberg - CNNMoney.com - Bizjournals.com - Reuters
all 183 news articles

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ABC News
Time For An AOL Sale?
Forbes - 9 hours ago
Investors in Time Warner on Friday saw a silver lining around a Google cloud. When the Internet search company warned that its investment in Time's AOL unit might not be worth as much as it once was, that was taken to mean a sale of at least part of
Time Warner/AOL Financial Times
The AOL flub has analysts revisiting Google San Francisco Chronicle
Reuters - BBC News - TheStreet.com - The Associated Press
all 693 news articles

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ABC News
UBS: The ARS Are Ours
Forbes - 39 minutes ago
UBS is going the extra mile to appease authorities and set things right with its clients. The Swiss bank made the reputation-saving move on Friday to outdo its rivals and buy back billions in auction-rate securities.
UBS balked at initial amount of fines Boston Globe
UBS-NY accord offers 'first aid' to muni issuers Reuters
Wall Street Journal - Bloomberg - CNNMoney.com - MarketWatch
all 1,601 news articles

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Reuters
Verizon unions set Sunday deadline for labor talks
Reuters - 6 hours ago
NEW YORK (Reuters) - Verizon Communications Inc's (VZ.N: Quote, Profile, Research, Stock Buzz) two major unions set a new Sunday midnight deadline to complete negotiations over a labor contract for 65000 workers, saying they may strike if a deal is not
Union voting on Qwest strike authorization Bizjournals.com
Deadline set for Verizon talks Baltimore Sun
Newsday - Schenectady Gazette - TMCnet - Albany Times Union
all 228 news articles

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Earthtimes (press release)
Delphi Reports a Narrower Loss
New York Times - 11 hours ago
By BLOOMBERG NEWS Delphi, the bankrupt former auto parts unit of General Motors, said that its net loss narrowed to $551 million in the second quarter from a year earlier, when it had costs from lawsuits and a plant closing.
Delphi Posts Narrower Loss Wall Street Journal
UPDATE 1-Delphi posts narrower quarterly loss Reuters
Forbes - Detroit Free Press - Crain’s Detroit Business - BusinessWeek
all 99 news articles

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ABC News
Up To Its Fannie In Trouble
Forbes - 1 hour ago
After subprime borrowers finished beating up on Fannie Mae, the Alt-A's are getting their turn. Losses on those loans to allegedly creditworthy borrowers with lightly documented loans led the goverment-backed mortgage agency to post worse-than-expected
Fannie cuts dividend after $6bn losses Financial Times
Credit expenses lead to $2.3 billion loss for Fannie MarketWatch
New York Times - Bloomberg - CNNMoney.com - Nightly Business Report
all 2,079 news articles

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ABC News
UBS Agrees to Buy Back $18.6 Billion in Bonds
Washington Post - 31 minutes ago
UBS agreed to buy back auction-rate securities from customers who have been unable to cash them in since February. (By Walter Bieri — Associated Press) Comments that include profanity or personal attacks or other inappropriate comments or material
UBS-NY accord offers 'first aid' to muni issuers Reuters
Massachusetts's Top Regulator Galvin Will Pursue Complaint Against Wall Street Journal
Bloomberg - CNNMoney.com - MarketWatch - guardian.co.uk
all 1,786 news articles

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ABC News
Markets Rally on Falling Oil Prices
Washington Post - 45 minutes ago
By Renae Merle and Simone Baribeau US stocks rebounded yesterday as crude oil prices continued a slide that helped offset deepening losses at mortgage giant Fannie Mae.
Oil Prices Tumble Again; Stock Markets Surge New York Times
Crude's Pain Is Wall Street's Gain Forbes
The Associated Press - AFP -