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Business News
US tax rebate optimism dissolves under weight of bad news 2008-05-03 06:01 - The economic optimism induced this week as Americans began to receive $110
billion ($£55.8 billion) of tax rebates has been dashed by bad news about
everything from house prices and consumer sentiment to job prospects.
Meter is running on duration of the crunch 2008-05-03 06:01 - Readers may have noted the appearance of our Crunch-o-meter
in recent days. This is our attempt to reflect, day by day, whether the
credit crunch is getting better or worse. No single measure can do this
fully, of course, and there has already been some pointy-headed sniffing
about our methodology. But it does, we hope, give a flavour of banks’
willingness to lend to one another and, therefore, the likely price and
availability of credit to everyone else, whether personal or corporate, in
future.
Analysis: Blowing in the wind 2008-05-03 06:01 - In typical elephantine fashion, Shell poked its head through the window of the
Government’s green tuck-shop, sniffed at the range of renewable goods on
offer and is now trying clumsily to back out, pulling the window off its
hinges in the process. We can now get a clear view of the mess that is the
Government’s renewable strategy and it is a huge embarrassment, not for
Shell, which has other irons in the fire, but for the whole sorry cabal of
government, environmental lobbyists and green careerists.
Prominent Green Group to Help Buyout Firm 2008-05-03 06:01 - Kohlberg Kravis Roberts & Company, the giant buyout firm, plans to announce a new partnership with the Environmental Defense Fund.
Stocks & Bonds: Rally Fades to Small Loss, Despite the Fed’s Rate Cut 2008-05-03 06:01 - Wall Street gave up sharp gains and closed lower, after the Fed cut interest rates by a quarter of a percentage point but left investors guessing about its next move.
Mixed Results for Makers of Products for the Home 2008-05-03 06:01 - Makers of household consumer and food products reported mixed results, Procter & Gamble got a boost from emerging markets, while Colgate-Palmolive’s earnings fell.
Barclays chief quits in wake of failed ABN bid 2008-05-03 06:01 - Barclays, Britain’s third largest bank, formally confirmed today that Paul
Idzik, its chief operating officer, will leave during the second half of the
year and will not be replaced.
As Gas Costs Soar, Buyers Flock to Small Cars 2008-05-03 06:01 - About one in five vehicles sold in the U.S. in April was a compact or subcompact car, while sales of pickups and S.U.V.’s fell sharply.
Cable Spending Aids Comcast’s Profit 2008-05-03 06:01 - Promotional offers and higher cable television spending fueled the first-quarter profit of Comcast, which showed limited effects from an economic slowdown.
Bolivia’s Morales Deepens Control of Economy 2008-05-03 06:01 - Bolivia’s President Evo Morales deepened state control of the economy on Thursday, the second anniversary of his energy nationalization.
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