FTSE up on Thursday
The FTSE 100 share index rose on Thursday following news that the Bank of England decided to keep interest rates at 5.0 per cent. The index was up 9.8 points to 6,270.8 by the end of the day (up 0.2 per cent).
Royal Mail profits fall 30 Pct
Royal Mail Group said on Thursday that it had delivered robust financial results in the year ended 30 March 2008, despite many challenges.
Provident Financial has good start to 2008
Non-standard lender Provident Financial Plc said on Thursday that it had made a strong start to 2008, with customer numbers up 6.3 per cent in its core consumer credit division at the end of the first quarter.
Signet sales hurt by poor US performance
Signet Group Plc said on Thursday that its sales dropped 2.5 per cent in the 13 weeks to 3 May 2008.
Unilever underlying sales up 7.2%
Unilever said on Thursday that its pre-tax profit for the first quarter of 2008 was up 39 per cent at constant rates. The company added that its turnover in the period was up six per cent at constant rates.
Tech stocks rise; AMD on track
Technology stocks rose on Thursday the day after AMD said it was on track with profitability goals.
Dollar lower on Hawkish Trichet, AIG Writedowns
The dollar was slightly lower against the euro on Friday after losses on Thursday due to hawkish comments from the head of the European Central Bank which propped up the euro.
Orisis sells Osteocel to NuVasive
Osiris Therapeutics Inc. announced today it entered in a deal with NuVasive Inc. to sell its business Osteocel for up to $85 million in upfront and milestone payments.
Google's Brin 'excited' about working with Yahoo
Google Inc, in talks with Internet portal Yahoo Inc, is hoping that it can strike an advertising deal, according to a report.
Dollar ends lower after range bound trading
Dollar closed slightly lower after a range bound movement against the euro yesterday due to the recovery in European currency after the decision from ECB.
Warner Brothers Shuts Down Indie Film Studios
Warner Brothers will shut down its independent film units Picturehouse and Warner Independent Pictures, cutting about 70 jobs.
Sterling gains marginally
Sterling gained marginally after the Bank of England held interest rates at 5 percent.
Citigroup's Pandit Stands in the Spotlight on Investor Day
Citigroup chief executive Vikram Pandit is set to present his plans and outlook for the largest U.S. bank, when it holds its annual Investor Day meeting on Friday.
GM Gives Supplier American Axle $200 Million to Help End Strike
General Motors Inc, said on Thursday it gave $200 million to parts supplier American Axle Manufacturing Holdings Inc to help it settle a 10-week strike by union workers.
RealNetworks to Spin-Off Fast Growing Games Unit
RealNetworks Inc, the digital media company, plans to spin-off its fastest growing unit which makes games for various platforms into a separate company.
Nvidia Reports 34 Pct Growth in 1Q
Graphic chip-maker Nvidia Corp. on Thursday reported a 34 percent jump in first-quarter profit, boosted by stronger sales of its graphics processors, but shares fell as earnings still missed expectations.
Wachovia Splits Chairman, CEO Roles
Wachovia Corp., the fourth largest U.S. bank, said on Thursday that it is separating the roles of Chairman and CEO, with Ken Thompson retaining his chief executive role and board member Lanty Smith now serving as non-executive Chairman, effective immediately
Facebook Tackles Pedophile and Cyber Bullies with Safety Plan
After coming under fire by parents groups for its lax safety protocols to protect minors from online predators, Facebook has agreed to increase its efforts to keep its young users safe from cyber bullies, porn, pedophiles and other online hazards.
Stryker reveals $50 Million Investment on Quality, Compliance
Stryker Corp. said today it will invest $50 million in 2008 to improve its quality systems and compliance at the time it deals with three warni
Mylan 1Q Profit Slumps on Charges
Mylan Inc. manufacturer of generic pharmaceutical products said on Thursday an extended first quarter loss and a large increase on its revenue triggered by the purchase of Merck KGaA in October.
AIG Will Raise Capital after 1Q Big Loss
American International Group Inc., the world's largest insurer by assets, announced plans to raise $12.5 billion in capital as it posted its second straight big quarterly loss.
MySpace Allows Users to Share Profiles with other Sites
The Internet's most popular social networking site MySpace will soon allow their members to share their public profile information on other online services.
Copper Drops as Stockpiles Rise Easing Supply Concerns
Copper prices fell on Thursday as inventories of the metal rose, easing supply concerns.
Japan Stocks Declined On Profit-Taking And Strong Yen
Japan stocks declined Thursday as investors sold issues which gained recently for profit-taking. Also strong yen led investors sell export-oriented issues such as Toyota and Honda.
Wheat Rallies on Concern of Low prices for U.S. Supply Increasing Demand
Wheat rallied on speculations that low grain prices will increase buying by flour millers and cereal makers.
China stocks closed higher, led by coal producers
China's stocks rose the most in a week, led by energy companies and China Unicom, which will benefit from the coming restructuring of the telecom industry.
PRECIOUS METALS: Gold Gains as Oil Hits Record $124 a barrel
Gold futures ended with strong gains on Thursday as record energy costs and weakness in the U.S. dollar boosted the demand for a hedge against inflation.
Microsoft Turns Focus on Developing Mobiles Phones for Poor Countries
Microsoft is set to place more emphasis on making mobile phones as one of its strategies to develop the Information Technology infrastructure in developing nations, based partly on a prototype that was developed for Fone+.
Oil Hits New Record of $124 a barrel
Crude futures climbed past $124 a barrel in electronic trading late afternoon, recovering from earlier weakness as traders continued to have concerns over global supplies, while OPEC commented the market is well supplied.
Natural Gas Weekly Update - May 8
Since Wednesday, April 30, natural gas spot prices increased at most markets in the Lower 48 States. Prices at the Henry Hub rose 27 cents per million Btu (MMBtu), or about 2.5 percent, to $11.08 per MMBtu.