Oil steady above $145 in Asia on Saudi declaration
adeal
7/4/2008 6:53:34 AM

Oil prices remained near record highs above $145 a barrel in Asia after Saudi Arabia's oil minister suggested his country doesn't plan to boost production.Light, sweet crude for August delivery was up 23 cents at $145.52 a barrel in Asian electronic trading on the New York Mercantile Exchange, midaf .... (GetMarketNews)

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Filed Under : Economic data , International markets ,

TPG pulls out of Bradford & Bingley plan
adeal
7/4/2008 6:50:29 AM

Mortgage lender Bradford & Bingley PLC said Friday it is revising its plans to raise new capital after U.S. private equity fund Texas Pacific Group pulled out of its agreement to invest. Fort Worth, Texas-based TPG withdrew after Moody's rating service downgraded Bradford & Bingley's long-term debt .... (GetMarketNews)

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Market highlights for next week: Alcoa to report earnings
adeal
7/4/2008 6:48:55 AM

* San Francisco Fed Reserve Bank President Yellen to speak about the U.S. economic outlook at the University of California/San Diego with a Q&A session. * Aracruz Cellulose (NYSE: ARA) to report Q2 earnings; conference call at 11:00am. Tuesday, July 8 * Richmond Fed Reserve Bank President Lacker to .... (GetMarketNews)

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Vodafone: a $900 million cash call for Ghana Telecom
adeal
7/4/2008 6:47:13 AM

In a way, Africa is a new frontier for mobile services. The continent is seeing growth from the commodities boom. Plus, there is certainly a need to build up the infrastructure. No doubt, Vodafone Group plc (NYSE: VOD) sees the opportunity. In fact, this week the company plunked down $900 million fo .... (GetMarketNews)

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Adidas plans to open new stores in China
adeal
7/4/2008 6:46:06 AM

If you love Adidas' clothing and footwear then I have some good news for you. Adidas is eying to open about 2,300 new stores in China by 2010, lifting its total number to 6,300. The company's decision came as a result of strong demand from China even in times when we might expect to see some downtur .... (GetMarketNews)

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General Motors may bring new mini car to US
adeal
7/4/2008 6:44:20 AM

General Motors Corp. is considering a new Chevrolet mini car for the United States as it reworks its product lineup to cope with a dramatic shift from trucks to cars linked to high gas prices, a spokesman said Thursday.GM spokesman Dee Allen said bringing the Chevrolet Beat, which is about the size .... (GetMarketNews)

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Analyst: Chrysler, not GM, in biggest danger
adeal
7/4/2008 6:43:30 AM

Faced with soaring gas prices, a sputtering economy and a rapid U.S. market shift away from trucks, the U.S. auto industry's weakest player, Chrysler, may have to file for bankruptcy or sell its storied Jeep and Dodge Ram brands as early as next year, JPMorgan said Thursday.But rivals GM and Ford ar .... (GetMarketNews)

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Oil heads past $145 for 1st time; gas up too
adeal
7/4/2008 6:42:17 AM

Soaring fuel costs are taking some of the celebration out of this holiday weekend. Oil prices headed into the busy Fourth of July break by racing past $145 a barrel for the first time Thursday. The story was no different at the gas pump, where the national average soared to within a whisker of $4.10 .... (GetMarketNews)

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NY judge orders prison for former Refco CEO
adeal
7/4/2008 6:40:18 AM

The former head of Refco Inc., blamed for the collapse of one of the world's largest commodities brokerages, was sentenced to 16 years in prison Thursday by a judge who decried the "staggeringly arrogant" greed of white collar criminals. Phillip Bennett, 59, a British citizen living in Gladstone, N. .... (GetMarketNews)

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Of House and Home
adeal
7/4/2008 6:38:11 AM

Kai Wright's moving Nation cover story from last week's issue of the magazine put a human face on the subprime mortgage foreclosure crisis and illuminated a little remarked upon aspect of the catastrophe -- the way that the mortgage industry has effectively stolen much of black America's hard-won we .... (MortgagesInsight.com)

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