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Monthly Archive July, 2008

Starbucks closing 61 stores in Australia

July 31, 2008

Starbucks is closing more than two-thirds of its stores in Australia, days after announcing that hundreds of its American coffee outlets are also being […]

finance - Comments closed

2.2 million vacant homes for sale

July 29, 2008

The percentage of vacant homes available for sale remained relatively flat in the second quarter, but still hovered in record territory.
Some 2.8% of […]

news - Comments closed

Grand jury investigates subprime lenders

July 28, 2008

A federal grand jury is investigating subprime mortgage lenders Countrywide Financial Corp., New Century Financial Corp. and IndyMac Federal Bank, a person familiar with […]

news - Comments closed

Current First Mariner Arena site is the pick for home of new downtown venue

July 25, 2008

City and state leaders have selected the site of the aging First Mariner Arena as the best location for a new 18,500-seat sports and […]

business - Comments closed

Fundamentals led to $130 oil - report

July 24, 2008

A federal task force set up to examine the sharp run-up in oil prices says in an interim report that fundamental supply-and-demand factors are […]

term - Comments closed

Merrill Lynch reports $4.9 billion loss

July 22, 2008

Merrill Lynch booked its fourth-straight quarterly loss Thursday, this time losing nearly $5 billion, as the nation’s largest brokerage was forced to once again […]

news - Comments closed

U.K. Budget Deficit Balloons to Widest Since 1946

July 21, 2008

The U.K. budget deficit ballooned to the widest since records started in 1946, adding pressure on Prime Minister Gordon Brown to ease his decade-old […]

management - Comments closed

GM to cut jobs, suspend dividend

July 18, 2008

General Motors Corp. said Tuesday it will suspend its dividend, sell off $4 billion to $7 billion worth of assets and cut 20% worth […]

management - Comments closed

Anheuser-Busch agrees to $52B takeover

July 16, 2008

The maker of the King of Beers has agreed to go to work for the Belgian brewer InBev.
Anheuser Busch Cos (BUD, Fortune 500). said […]

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Hedge fund CEO gets jail in Ohio fraud

July 10, 2008

A federal judge on Tuesday sentenced an investment adviser to 12 years in prison on fraud charges related to the loss of $216 million […]

economics - Comments closed