June 30, 2008 - 07:36 a.m. BERLIN (AP) - The dollar rose against major currencies Monday despite a new record for oil and a report showing yearly inflation in euro nations hit a record 4 percent in June. Inflation may put calamity on the European Central Bank to hold off on expected rate hikes later this week. The 15-nation currency barbarous to $1.5761 at dawn Monday, along the course of from the $1.5775 it bought in ...
Del Monte sells StarKist seafood unit to Korea’s Dongwon
Jun 30 2008
The Associated Press June 30, 2008 - 7:54 a.m. SAN FRANCISCO - Del Monte will barter its seafood business, which includes the StarKist brand, to a South Korean company for US$363 million as it focuses without interruption higher-margin yield and pet foods. Del Monte Foods Co., which operates brands so being of the kind which Contadina, Kibbles 'n Bits and 9Lives, said the divestiture will improve margins, eliminate a source of earnings volatility and reduce debt. The seafood profession generates about ...
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Euro inflation hits new high of four per cent as fuel and food hit consumers
Jun 30 2008
Aoife White, The Associated Press June 30, 2008 - 7:53 a.m. BRUSSELS, Belgium - The inflation rate in the countries using the euro hit a record four per cent in June, EU statistics agency Eurostat aforesaid Monday. Soaring prices during fuel and food are raising oppression in continuance the European Central Bank to raise interest rates for the first time in a year when it meets this week. Inflation is Europe's biggest economic cephalalgy as shoppers steer clear of major purchases ...
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Nasdaq futures and options contracts to continue trading on CME Group exchanges through 2019
Jun 30 2008
June 30, 2008 - 07:16 a.m. CHICAGO (AP) - Exchange operators CME Group Inc. and Nasdaq OMX Group Inc. uttered Monday they own extended a deal to allow options and futures contracts trading based on Nasdaq indices. CME Group's board of directors also approved a plan to single list its hackneyed stock on Nasdaq. The companies agreed to a seven-year contract extension that will allow for options and futures contracts based on Nasdaq indices to be ...
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Oil prices reach new record high, pass $143 a barrel
Jun 30 2008
The Associated Press June 30, 2008 - 7:52 a.m. Oil prices surged above $143 a barrel for the first time ever Monday, as a weaker dollar spurred investors to seek refuge in dollar-denominated oil futures to hedge in opposition to inflation. Light, sweet crude for August delivery rose $3.46 to $143.67 a barrel in electronic trading attached the New York Mercantile Exchange, by midday in Europe. On Friday, harsh futures spiked to a note $142.99 a barrel in New ...
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