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Citigroup loses, but surprises Wall Street
Fri, 18 Jul 2008 12:08:40 -0400
Citigroup booked a $2.5 billion quarterly loss Friday, but surprised investors as it took fewer painful marks against its books and stayed ahead of Wall Street's dreary earnings projections.
Freddie Mac CEO paid almost $20M last year
Fri, 18 Jul 2008 16:29:11 -0400
Read full story for latest details.
Freddie Mac strikes back
Fri, 18 Jul 2008 14:59:30 -0400
Taxpayers got some good news Friday: Freddie Mac wants to take your money just as little as you want to hand it over.
Top fund managers socked by financial bets
Fri, 18 Jul 2008 10:52:35 -0400
A two-day rally aside, the beating that financial stocks have taken lately have knocked out some top money managers and their brand-name mutual funds.
Apple shares could be in for a rough ride
Fri, 18 Jul 2008 15:09:05 -0400
The iPhone maker is on the losing side of the expectations game: Even if it meets earnings estimates next week, its shares are likely to fall.
House likely to modify Fannie, Freddie rescue
Fri, 18 Jul 2008 17:29:29 -0400
The House is likely next week to take up a Bush administration proposal to empower the Treasury to back up embattled mortgage giants Fannie Mae and Freddie Mac.
BBC News | Business | World Edition
Argentina drops disputed farm tax
Fri, 18 Jul 2008 18:19:27 -0000
Argentina's President Cristina Fernandez de Kirchner cancels tax rises on farm exports, after months of protests.
Sony Ericsson to axe 2,000 jobs
Fri, 18 Jul 2008 15:17:17 -0000
Mobile phone maker Sony Ericsson says it will shed 2,000 jobs worldwide in order to cut costs.
China loses WTO car parts dispute
Fri, 18 Jul 2008 17:07:12 -0000
The World Trade Organization (WTO) rules that Chinese import tariffs on foreign car parts break the trade body's rules.
NYT > World Business
In Dispute With BP, Kremlin’s Hand Is Seen
Sat, 19 Jul 2008 03:33:10 -0000
Critics say that Russian shareholders have enlisted an improbable ally in their attempt to force BP to fire the chief executive of TNK-BP.
For Global Trade Talks, the Stakes Have Risen
Sat, 19 Jul 2008 10:11:22 -0000
If negotiations fail at the Doha round of trade talks, one casualty will be the credibility of the World Trade Organization itself.
W.T.O. Rules Against China for Its Tariffs on Auto Parts
Sat, 19 Jul 2008 03:12:57 -0000
China violates global trade rules by requiring automakers operating there to buy components from local suppliers or face penalties, the World Trade Organization ruled on Friday.
