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Stocks jump on better-than-expected GDP, jobs data Thu, 28 Aug 2008 22:03:21 GMT
NEW YORK (AP) -- Wall Street barreled higher Thursday after a better-than-expected reading on the gross domestic product and a drop in jobless claims gave investors some reassurance that the economy is holding up. The Dow Jones industrial average jumped more than 200 points....
Dell 2Q profit drops, hurt by PC price cuts Fri, 29 Aug 2008 05:51:39 GMT
Computer maker Dell Inc. said Thursday its fiscal second-quarter profit fell 17 percent, hurt in part by PC price cuts. Both earnings and margins fell short of Wall Street estimates, and Dell shares plunged....
Toyota lowers 2009 global sales target Fri, 29 Aug 2008 02:02:04 GMT
TOKYO (AP) -- Toyota lowered its global sales target for 2009 by 700,000 vehicles to 9.7 million Thursday, showing that even one of the world's most durable automakers is being hurt by rising material costs, a slowing U.S. market and soaring gas prices....
Spring's economic rebound unlikely to last Thu, 28 Aug 2008 20:43:04 GMT
WASHINGTON (AP) -- The economy pulled out of a dangerous rough patch in the spring, thanks largely to strong exports, but the rebound isn't expected to last. Economic slowdowns overseas could make exports tail off just as Americans are hunkering down after the bracing impact of rebate checks wanes, plunging the country into another rut later this year....
Boeing sends machinists final offer Fri, 29 Aug 2008 01:38:29 GMT
Boeing Co. delivered a final contract offer to its union machinists Thursday that it said would boost pay by 11 percent on average over three years, the latest effort by the airplane maker to avoid a strike that could cost it millions of dollars a day....
Oil jumps in Asia on fears Gustav will hit Gulf Fri, 29 Aug 2008 05:31:26 GMT
SINGAPORE (AP) -- Oil prices jumped Friday in Asia to near $117 a barrel on expectations tropical storm Gustav will soon enter the Gulf of Mexico area, home to a quarter of U.S. crude supplies and 40 percent of its refining capacity....
Automakers face conflicting safety rules worldwide Thu, 28 Aug 2008 21:08:43 GMT
DEARBORN, Mich. (AP) -- It seems like an easy solution: Americans are looking for more fuel-efficient vehicles, so Ford Motor Co. is bringing over some of the small, gas-sipping cars it's been selling to Europeans for years....
CDC: Salmonella outbreak appears to be over Thu, 28 Aug 2008 20:14:24 GMT
WASHINGTON (AP) -- The government said Thursday that the salmonella outbreak that sickened at least 1,440 people appears to be over, but its ultimate source may never be known, partly because of shortcomings in the nation's food safety system....
Sears' 2Q profit drops 62 percent Thu, 28 Aug 2008 20:37:23 GMT
CHICAGO (AP) -- Beleaguered retailer Sears Holdings Corp. reported a hefty drop in second-quarter profit as sales slumped, despite a restructuring aimed at drawing back shoppers who've taken their checkbooks elsewhere....
Jewelers look abroad to boost sales as US slows Thu, 28 Aug 2008 20:35:49 GMT
NEW YORK (AP) -- Rising sales in Asia and Europe boosted Tiffany & Co.'s second-quarter profit on Thursday, signaling that strong international demand for jewelry is helping offset U.S. economic weakness....

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