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Reading Blog Digest
Posted Tuesday July 8, 2008, 12:14 am, Over one day old
Reuters - Office supplies retailer Office Depot
Inc said on Tuesday that its North American same-store
sales fell nearly 10 percent in the second quarter and warned
its operating margins would fall more than expected, hit by a
weakening U.S. economy.
Read Office Depot sees quarterly sales decline; shares fall
(Reuters)
(Links)
Posted Tuesday July 8, 2008, 12:14 am, Over one day old
Reuters - IndyMac Bancorp Inc , one of
the largest U.S. mortgage lenders, said on Monday it will
eliminate 3,800 jobs and stop making most home loans after
regulators concluded it was no longer "well capitalized."
Read IndyMac to stop most mortgage loans, cut 3,800 jobs
(Reuters)
(Links)
Posted Tuesday July 8, 2008, 12:14 am, Over one day old
Reuters - The Federal Reserve and securities
regulators on Monday formalized a deal to share information
about banks, in a move expected to strengthen oversight of the
financial markets rocked by the housing crisis.
Read Fed and SEC reach agreement to share bank information
(Reuters)
(Links)
Posted Monday July 7, 2008, 12:14 am, Over one day old
Reuters - InBev raised the pressure on
reluctant bid target Anheuser-Busch Cos Inc on Monday
with a plan to replace the U.S. rival's board of directors that
has rejected its $46.3 billion takeover offer.
Read InBev seeks new Bud board
(Reuters)
(Links)
Posted Monday July 7, 2008, 12:14 am, Over one day old
Reuters - Microsoft Corp on Monday said
it would be willing to reopen talks to buy all or part of Yahoo
Inc -- but only if a new Yahoo board is elected, a
major boost for investor Carl Icahn's board slate.
Read Microsoft says willing to restart Yahoo talks
(Reuters)
(Links)
Posted Monday July 7, 2008, 12:14 am, Over one day old
AFP - White House foes Barack Obama and John McCain traded new shots over the limping US economy Monday, each hoping to connect with voters on the top campaign issue, less than four months from election day.
Read McCain, Obama spring into new battle over economy
(AFP)
(Links)
Posted Monday July 7, 2008, 12:14 am, Over one day old
Reuters - Oil retreated to below $142 a barrel on
Monday as the dollar gained, taking a pause from a
record-breaking rally that has lifted prices by almost 50
percent this year.
Read Oil below $142 on dollar gain, Iran in view
(Reuters)
(Links)
Posted Monday July 7, 2008, 12:14 am, Over one day old
Reuters - U.S. stocks rose on Monday, as weaker
oil prices eased inflation fears and Yahoo shares jumped after
Microsoft said it would be willing to reopen talks to buy all
or part of the Internet company.
Read Wall Street gains on lower oil; Yahoo jumps
(Reuters)
(Links)
Posted Monday July 7, 2008, 12:14 am, Over one day old
Reuters - General Motors Corp is planning to cut
thousands of white-collar jobs and is considering whether it
should sell or stop production of more of its brands, The Wall
Street Journal said, citing people familiar with the matter.
Read GM mulling thousands of job cuts, sale of brands: report
(Reuters)
(Links)
Posted Monday July 7, 2008, 12:14 am, Over one day old
Reuters - U.S. store closings and cutbacks
turned the second quarter into the worst for strip mall owners
in 30 years, as budget-conscious consumers flocked to low-cost
warehouse-style grocery centers, according to a report by real
estate research firm Reis.
Read Retail property 2nd-qtr worst in 30 yrs: report
(Reuters)
(Links)
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Office Depot sees quarterly sales decline; shares fall
(Reuters)
