Financial news on May 3rd, 2008
Business and Financial news
Many economists took the losses as powerful evidence of a recession, but the cuts’ limited scope raised hopes that a slump would be mild. Read more..
Leaders of the Screen Actors Guild and the Alliance of Motion Picture and Television Producers said on Friday that they would extend their current round of contract talks through Tuesday. Read more..
Chevron said first-quarter profit rose 9.5 percent, beating Wall Street estimates. Read more..
The Federal Reserve announced it would increase the size of its cash auctions to banks and allow financial institutions to put up credit card debt, student loans and car loans as collateral for Fed loans. Read more..
The companies are in active merger talks, people involved said, and Microsoft is said to have increased its offer. Read more..
The chief executive of Citigroup, Vikram S. Pandit, finds himself in the position of having to restructure or make changes at the hedge fund he co-founded and that Citigroup purchased. Read more..
Even if the standard personal finance guidance is to monitor one’s spending over a longer period of time, reviewing a monthly bank statement can be just as valuable. Read more..
For those people who own their homes mortgage-free, the question is what to do with a houseful of equity. Read more..
Rupert Murdoch and Mortimer B. Zuckerman have not signaled they would increase their bid for Newsday to match a higher offer from Cablevision. Read more..
Daphne Koller’s work has led to advances in artificial intelligence that can be used to predict traffic jams, improve machine vision and understand the way cancer spreads. Read more..