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Analysts See Big Q2 Writedowns For Citi, Merrill

(Reuters) - Citigroup Inc <C.N> may write down $8.7 billion and Merrill Lynch & Co Inc <MER.N> $4.5 billion in the second quarter, according to analysts at UBS, who also

July 4th, 2008

Sony’s U.S. Gadget Demand Good Despite Rising Costs

SAN FRANCISCO (Reuters) - Sony Corp <6758.T> is seeing little or no sign of softer demand among U.S. consumers for its range of digital TVs, cameras and computer goods despite

July 4th, 2008

Google-Yahoo Deal Subject of Antitrust Probe: Report

WASHINGTON (Reuters) - The U.S. Justice Department has opened a formal antitrust investigation into a deal between Google <GOOG.O> and Yahoo <YHOO.O> to share some advertising revenue, The Washington Post

July 4th, 2008

Taylor Wimpey Unable to Raise Cash, CFO Resigns

LONDON (Reuters) - British housebuilder Taylor Wimpey <TW.L> has failed to raise the extra capital it said it would seek just two days ago, citing tough market conditions, sending its

July 4th, 2008

U.S. Facing Tough Q2, Europe to Suffer: Paulson

BRUSSELS (Reuters) - The U.S. economy is facing a tough second quarter and Europe will not be immune to the impact, Treasury Secretary Henry Paulson was quoted as saying on

July 4th, 2008

Microsoft Seeks Allies For New Yahoo Move: Report

(Reuters) - Microsoft Corp <MSFT.O> is preparing a new bid for Yahoo Inc's <YHOO.O> search business and has approached other media companies about joining it in a deal that would

July 4th, 2008

DISH Says AT&T to End Partnership at Year-end

NEW YORK (Reuters) - DISH Network Corp <DISH.O>, the No. 2 U.S. satellite television provider, said on Tuesday it received notice that phone operator AT&T Inc <T.N> is ending their

July 4th, 2008

Judge Finds Wal-Mart Violated Minnesota Labor Laws

NEW YORK (Reuters) - A Minnesota judge has ruled that Wal-Mart Stores Inc <WMT.N> violated state wage and hour laws, requiring employees to work off the clock, and the discount

July 4th, 2008

Lithia Withdraws Outlook, Cites Weak Car Sales

DETROIT (Reuters) - U.S. auto dealer Lithia Motors Inc <LAD.N> said on Tuesday it would withdraw its earnings outlook, citing weak June vehicle sales and the shift in consumer demand

July 4th, 2008

U.S. Gets Court Order For UBS Swiss Bank Records

WASHINGTON (Reuters) - A federal judge in Miami authorized the Internal Revenue Service to request information from UBS AG about U.S. taxpayers who may be using Swiss bank accounts to

July 1st, 2008

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