Financial news on February 2nd, 2008
Business and Financial news
A January report by JPMorgan Chase said growing revenues from online advertising would in part lead to a great year for Internet stocks. Read more..
Advertising and media executives said that Google has become so dominant in the online advertising market that a combined Microsoft and Yahoo might be the only way to produce a legitimate competitor. Read more..
Automakers got off to a rough start in 2008, but General Motors served up a surprise on Friday with higher sales in January on strong demand for its new car models. Read more..
A plunge in construction spending threatens to drive the American economy into recession. Read more..
A South Korean court found the private equity fund and one of its executives guilty of manipulating stock prices. The executive, Paul Yoo, was sentenced to five years. Read more..
The dollar may gain a bit against other currencies in 2008, Bloomberg Markets reports, but its long-term prospects are bleak. Read more..
If your grandmother played the market, she probably invested in utilities for safety and income, not capital gains. She would need to adjust her strategy today. Read more..
The actor was convicted on three lesser charges and must pay up to $17 million of back taxes, penalties and interest. Read more..