Pablo Gorondi August 29, 2008 - 09:32 a.m. (AP) - Oil prices rose sharply Friday as Tropical Storm Gustav neared the Gulf of Mexico area, abode to a quarter of U.S. crude supplies and 40 percent of its refining capacity. By afternoon in Europe, light, sweet crude for October delivery was up $2.61 to $118.20 a barrel on the New York Mercantile Exchange. The lessen fell $2.56 overnight to settle at $115.59 a ...
Stocks head for lower open after drop in personal incomes; consumer spending rises as expected
Aug 29 2008
Tim Paradis August 29, 2008 - 09:31 a.m. NEW YORK (AP) - Stocks headed toward a lower opening Friday after the government said personal incomes fell by the biggest amount in nearly three years and consumer spending slowed. Investors in like manner charted the track of Tropical Storm Gustav. The Commerce Department said personal incomes fell by 0.7 percent in July — well beyond the drop of 0.1 percent that analysts polled by dint ...
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Wall Street heads for lower opening ahead of consumer spending data; investors watch Gustav
Aug 29 2008
August 29, 2008 - 07:00 a.m. NEW YORK (AP) - Stocks headed toward a debase opening Friday as investors awaited reports on consumer spending and income and charted the path of Tropical Storm Gustav. The Commerce Department is scheduled to release July figures on consumer outlays and how much they earned at 8:30 a.m. EDT. Wall Street has been specially concerned about Americans' ability to support the economy, since rising prices for gas and meat have ...
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PartyGaming posts strong 1st-half profit, but growth in online poker sales slow
Aug 29 2008
August 29, 2008 - 07:08 a.m. LONDON (AP) - PartyGaming PLC, the owner of the PartyPoker.com web station, posted a first-half profit on Friday in the same manner with the group's international online roulette, bingo and sports betting businesses boomed, but poker revenue growth slowed. Net profit was $22.7 a thousand thousand for the six months to June 30, a major turnaround from the $50.6 million loss the company reported a year earlier. Revenue rose to ...
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Scarf-maker Hermes’ 1st-half profits rise 5.3 percent on strong sales of perfume, leather
Aug 29 2008
August 29, 2008 - 07:12 a.m. PARIS (AP) - Luxury goods gang Hermes Group said Friday its first-half profit rose 5.3 percent, driven by vigorous sales in its divisions for perfume, leather goods and silk and textiles. The maker of Kelly and Birkin handbags and high-end scarves reported first-half consolidated net income of euro134.9 million ($199.26 million), compared with euro128.1 million in the comparable year-earlier period. The body did not degrade out quarterly figures. The troop ...
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