Monthly Archives: August 2011

Carrefour warns on 2011 profit as Europe struggles (Reuters)

Written on August 31, 2011 by Editor - Business News

PARIS (Reuters) – Carrefour (CARR.PA), Europe’s No.1 retailer, warned 2011 profits would slump 15 percent as it cuts prices in a bid to reverse falling market share and tackle an increasingly tough economic environment. Carrefour said it was downsizing its … Continue reading →

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IMF sees 200 billion euro capital gap at European banks (Reuters)

Written on August 31, 2011 by Editor - Business News

BRUSSELS (Reuters) – The International Monetary Fund has estimated European banks could face a capital shortfall of 200 billion euros ($287 billion), a European source said on Wednesday. The figure has prompted a fierce response from European officials who said … Continue reading →

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Eurozone inflation data suggest no more rate hikes (AP)

Written on August 31, 2011 by Editor - Business News

BRUSSELS – Inflation in the 17 euro countries remained steady at 2.5 percent in August, adding to expectations the European Central Bank will hold off from raising interest rates — and may even consider cutting them — as economic growth … Continue reading →

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Recession fears ease on factory, hiring data (Reuters)

Written on August 31, 2011 by Editor - Business News

WASHINGTON (Reuters) – Factory activity in the U.S. Midwest slowed just a bit in August and private employers continued to hire despite extreme financial market turmoil, easing fears the economy would fall back into recession. Other data on Wednesday showed … Continue reading →

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Unemployment rates fell in most US cities in July

Written on August 31, 2011 by Editor - Finance Top Stories

WASHINGTON (AP) — Unemployment rates fell in a majority of U.S. cities in July, despite a weak economy that is producing few jobs. The Labor Department said Wednesday that unemployment rates dropped in 193 large metro areas, increased in 118 … Continue reading →

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Redbox’s golden opportunity: higher Netflix prices

Written on August 31, 2011 by Editor - Finance Top Stories

In this photo taken Aug. 26, 2011, Gary Cohen, senior vice president of marketing and customer experience at Redbox, poses at the company’s offices in Oakbrook Terrace, Ill. Redbox is looking to pick up new customers with rival Netflix poised … Continue reading →

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Even with low prices, T-Mobile customers flee

Written on August 31, 2011 by Editor - Finance Top Stories

SymbolPriceChangeAAPL384.83-5.16S3.76+0.21T28.48-1.14VZ36.17-0.14{“s” : “aapl,s,t,vz”,”k” : “a00,a50,b00,b60,c10,g00,h00,l10,p20,t10,v00″,”o” : “”,”j” : “”} NEW YORK (AP) —Read More from the Article Source: http://us.rd.yahoo.com/finance/news/rss/story/*http%3A//us.rd.yahoo.com/finance/finhome/topstories/apf/*http%3A//biz.yahoo.com/ap/110831/us_at_t_t_mobile_customers.html

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Investors are down in August, and jittery as ever

Written on August 31, 2011 by Editor - Finance Top Stories

NEW YORK (AP) — For investors, August was one for the record books — but not in a good way. Hurricane Irene didn’t shut down stock exchanges, Europeans banks didn’t collapse and stocks narrowly avoided dropping into bear market territory. … Continue reading →

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BNY Mellon CEO Robert Kelly quits, successor named

Written on August 31, 2011 by Editor - Finance Top Stories

NEW YORK (AP) — Robert P. Kelly, the chairman and CEO of BNY Mellon, the nation’s sixth-largest bank, stepped down on Wednesday due to “differences in approach to managing the company.” The company did not spell out what differences led … Continue reading →

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Exxon-Russia oil deal unlikely to raise concerns

Written on August 31, 2011 by Editor - Finance Top Stories

Russian Prime Minister Vladimir Putin, right, and Rex Tillerson, ExxonMobil’s chief executive smile during a signing ceremony in the Black Sea resort of Sochi, Russia, Tuesday, Aug. 30, 2011. Russia’s state-owned Rosneft teamed up with U.S. company ExxonMobil on Tuesday … Continue reading →

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