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Last updated: 21:41:38 Friday Jul 18, 2008


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  • Wall Street mixed after earnings reports
    NEW YORK - Wall Street closed out an impressive week with a mixed performance Friday after disappointing high-tech earnings punctured some of investors' enthusiasm over better-than-expected bank earnings reports. But the major indexes still ended the week with big gains, the result of rising optimism about the troubled financial sector.   Nations:Germany Japan France   Activities:U.S. Markets   Source:(AP)   2008-07-18

    S&P 500 plunges into a bear market
    NEW YORK (Reuters) - Stocks tumbled on Wednesday, dragging the S&P 500 into a bear market, as worries about more credit losses hurt financial companies and Cisco Systems led technology shares lower after its CEO raised fears of an extended economic downturn.   Activities:U.S. Markets   2008-07-09

    Siemens cutting 17K jobs worldwide to cut costs
    FRANKFURT, Germany - Industrial conglomerate Siemens AG said Tuesday it will cut 16,750 jobs, or 4.2 percent of its global work force, to streamline operations and slice nearly $2 billion in costs in the face of a slowing economy.   Nations:Germany   Source:(AP)   2008-07-08

    Factories hit worldwide as commodity prices soar
    LONDON/TOKYO (Reuters) - Soaring commodity costs are denting manufacturing activity in Asia and Europe and the outlook looks bleak as new orders drop off in the face of rising prices, surveys showed on Tuesday.   Nations:China India Germany Italy France Spain   Activities:2007-8 Global Inflation   Source:(Reuters)   2008-07-01

    Reports: Siemens to cut 17,200 jobs
    FRANKFURT, Germany - Conglomerate Siemens AG, wracked by a wide-ranging corruption scandal, will cut up to 4 percent of its work force worldwide, or about 17,200 jobs, a pair of newspapers reported Saturday.   Nations:Germany   Source:(AP)   2008-06-28

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