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Monthly Archive March, 2008

Mitsubishi plans carbon fiber jet

March 31, 2008

Mitsubishi Heavy Industries is going ahead with its mid-sized regional jet - the first "made in Japan" passenger aircraft in three decades.
The announcement from the company President Kazuo Tsukuda came Friday, a day after major Japanese carrier All Nippon Airways placed the first orders for the twin-engine aircraft that seats about 70 to 90 […]

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U.S. Economy: Spending Slows, Confidence Weakens

March 29, 2008

Spending by American consumers, who have sustained the economy amid housing's worst downturn in a generation, rose in February at the slowest pace in more than a year.
The 0.1 percent increase in purchases followed a 0.4 percent gain in January, the Commerce Department said today in Washington, matching economists' projections. The report also […]

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U.S. Economy Probably Expanded at Slower Pace in Fourth Quarter

March 27, 2008

The deepening housing slump brought U.S. growth to a near standstill in the fourth quarter and has now probably tipped the world's biggest economy into a recession, economists said ahead of a government report today.
Gross domestic product advanced at a 0.6 percent annual rate in the last three months of 2007, matching the […]

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Consumer Confidence in U.S. Probably Decreased to 5-Year Low

March 25, 2008

Confidence among U.S. consumers probably fell to a five-year low in March as more Americans lost their jobs and gasoline prices climbed, economists said before reports today.
The Conference Board's confidence index fell to 73.5 from 75 in February, according to the median estimate of 61 economists surveyed by Bloomberg News. Another report today […]

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Visa offering not seen as elixir for U.S. IPO market

March 24, 2008

The blockbuster initial public offering of Visa Inc (V.N: Quote, Profile, Research) — the largest ever in the United States — will do little to revive the slowing IPO market, which has been dampened by investors spooked by the credit crisis.
With its $17.9 billion offering, the world’s largest credit-card network’s IPO is the […]

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GameStop, other retailers named in ‘Guitar Hero’ suit

March 22, 2008

Gibson Guitar Corp. has filed a lawsuit against six major retailers, including Target Corp. and GameStop Corp., that sell the popular "Guitar Hero" video game, saying the game violates a patent the guitar maker holds.
Nashville, Tenn.-based Gibson, which already has filed suit against the game's publisher, Activision Inc. (Nasdaq: ATVI), said Target, […]

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Europe Exports to U.S. Fall for First Time Since 2003

March 20, 2008

European exports to the U.S. fell last year for the first time in four years as the dollar's decline made goods from Europe more expensive for Americans.
Shipments to the U.S. declined 3 percent to 194 billion euros ($305 billion) in 2007, the European Union's statistics office in Luxembourg said today. That followed an […]

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Japan Proposes Former MOF Head Tanami as BOJ Chief

March 18, 2008

Japanese Prime Minister Yasuo Fukuda nominated former Finance Ministry official Koji Tanami as central bank governor, setting a collision course with the opposition who rejected his first choice for being too close to the government.
The Democratic Party of Japan is “disappointed'' by Tanami's nomination and will have difficulty approving him, said Jun Azumi, […]

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Recession fears revived as store sales tumble

March 17, 2008

Monthly retail sales suffered a surprising drop last month as American households continued to curtail their spending amid higher energy and food prices and a weakening jobs market.
The Commerce Department reported Thursday that total retail sales fell 0.6%, compared to a revised 0.4% increase in January. January sales were originally reported to have increased […]

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China's Factory, Property Investment Climbs 24.3%

March 14, 2008

China's factory and property spending rose 24.3 percent in January and February, maintaining pressure on Premier Wen Jiabao to prevent the world's fastest- growing major economy from overheating.
Fixed-asset investment in urban areas rose to 812.1 billion yuan ($115 billion) from a year earlier, the statistics bureau said today. That was more than the […]

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