Archive for August 12th, 2008


ABC News
Corporate-Tax Reporting Draws GAO Scrutiny
Wall Street Journal - 2 hours ago
By JESSE DRUCKER At least 23% of large US corporations don't pay federal income taxes in any given year, according to a report by the investigative arm of Congress.
Many Corporations Paid No Income Taxes, Study Finds New York Times
AP Makes Serious Error in Story on Corporate Income Tax MarketWatch
The Associated Press - Reuters - Boston Globe - Washington Post
all 581 news articles

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AFP
Japan GDP Shrinks for First Time
Wall Street Journal - 38 minutes ago
By YUKA HAYASHI TOKYO — Japan's economy shrank for the first time in a year in the April-June quarter, confirming fears that the world's second largest economy has entered a slump at the same time as some other major countries.
Japan Economy Shrinks 2.4%, Signaling Recession Looms (Update3) Bloomberg
Japan's second-quarter GDP contracts 2.4% on year MarketWatch
The Associated Press - Financial Times - Forbes - AFP
all 116 news articles

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ZDNet
Nvidia Swings To a Net Loss On Chip Woes
Wall Street Journal - 38 minutes ago
By DON CLARK Nvidia Corp. reported its first quarterly loss in nearly five years, hurt by technical problems with some chips as well as pricing pressures.
Nvidia swings to 2Q loss, hurt by charge BusinessWeek
Buyback Wins Forgiveness For Nvidia Forbes
CNNMoney.com - Bloomberg - PC World - TheStreet.com
all 64 news articles

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Wall Street Journal
Thomson Affirms Outlook as Net Falls 54%
Wall Street Journal - 38 minutes ago
By NAT WORDEN Thomson Reuters Corp. expects a tough business environment in the second half but affirmed its financial outlook for the year despite Wall Street's persistent credit crunch.
Thomson Reuters Reports Lower Profit on Costs of a Merger New York Times
Thomson Reuters revenue growth slows Reuters
Bloomberg - Forbes - guardian.co.uk - CNNMoney.com
all 256 news articles

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USA Today
Unabomber Protests Cabin’s Display at Museum
New York Times - 35 minutes ago
By DAVID JOHNSTON Theodore J. Kaczynski, convicted a decade ago in the deadly Unabomber mail bomb attacks, is protesting the public display of his Montana cabin at the Newseum, a recently opened museum devoted to the history of news and press freedom.
Unabomber objects to cabin display at Newseum The Associated Press
'Unabomber' Objects to Cabin's Use in Newseum Display Washington Post
MarketWatch - Press-Enterprise - Wall Street Journal Blogs - The Smoking Gun
all 167 news articles

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NECN
Trade On Fast Track
Forbes - 48 minutes ago
On Tuesday, the US Commerce Department reported the trade imbalance dropped to $56.8 billion in June, down 4.1% from a revised May deficit of $59.2 billion.
June trade gap shrinks despite oil price surge Reuters
US Economy: Trade Gap Narrows on Surge in Exports (Update2) Bloomberg
CNNMoney.com - MarketWatch - Wall Street Journal - The Associated Press
all 569 news articles

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Citizen
Japan Economy Shrinks 2.4%, Signaling Recession Looms (Update3)
Bloomberg - 53 minutes ago
By Jason Clenfield Aug. 13 (Bloomberg) — Japan's economy contracted last quarter, bringing the country to the brink of its first recession in six years, as exports fell and consumers spent less.
Japan's second-quarter GDP contracts 2.4% on year MarketWatch
Japan's economy shrinks in second quarter The Associated Press
Forbes - Financial Times - AFP - RTT News
all 102 news articles

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ZDNet
Nvidia swings to 2Q loss, hurt by charge
BusinessWeek - 1 hour ago
Graphics chip maker Nvidia Corp. on Tuesday posted a net loss for its fiscal second quarter, hurt by a hefty charge as revenue declined in what the company called a "disappointing" performance.
Buyback Wins Forgiveness For Nvidia Forbes
UPDATE: Nvidia Shares Recover Despite Loss, Weak Desktop Market CNNMoney.com
PC World - Reuters - Bizjournals.com - TheStreet.com
all 51 news articles

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CVS Caremark to Purchase Longs Drug for $2.7 Billion (Update3)
Bloomberg - 55 minutes ago
By Lauren Coleman-Lochner Aug. 12 (Bloomberg) — CVS Caremark Corp., the second- biggest US drugstore chain, said it would buy Longs Drug Stores Corp.
CVS to Pay $2.54 Billion for West Coast Drug Chain New York Times
UPDATE 3-CVS Caremark to buy Longs in $2.54 bln deal Reuters
Wall Street Journal - Forbes -