Stressed banks borrow record amount from Fed
Banks borrowed a record amount of funds from the Federal Reserve in the latest week as the year old credit crisis took a persistent …
Archive for July, 2008
Stocks Slump on Economic Worries
Jobless claims jumped, and the U.S. economy grew 1.9% last quarter. Exxon Mobil’s record-breaking profit still disappointed investors
Ex-American Italian Pasta exec offers to settle SEC investigation
A former American Italian Pasta Co. executive has offered $25,000 to settle an investigation with the Securities and Exchange Commission. (EPR)
Welcome to Bizarro Scrabble
Scrabulous, the Scrabble knockoff that became a hit on Facebook, has relauched as Wordscraper. Will Hasbro still sue it?
Greenspan: Global slowdown may put U.S. in recession
Former Federal Reserve Chairman Alan Greenspan said Thursday that a slowing global economy may push the United States into recession, …
Motorola’s Big Quarterly Profit Surprise
After many disappointments, the troubled mobile phone maker turns in a second-quarter profit of $4 million
Mortgage rates drop slightly after last week’s big jump
Rates on 30-year mortgages, which shot up last week to the highest level in nearly a year, dropped slightly this week following …
Duke Realty funds from operations fall short of projections
Duke Realty Corp.’s net income declined 52.9 percent in the second quarter to $18.7 million, or 12 cents a share, from $39.7 million, or 27 cents a share, in the year-ago period. (DRE) (HIW)
Buzz Transcript
Hollywood looks overseas to find its next television hit.
How to Spend Apple’s Cash
Its stash may soon be bigger than Microsoft’s. But should all those billions continue to lie dormant?