Posted on Apr 29, 2008 in Online Trading News
The Oracle of Omaha is betting that the country’s candy jar is recession-proof.
With financing from Warren Buffett, candy maker Mars Inc. on Monday said it is buying confectioner Wm. Wrigley Jr. Co. for an estimated $23 billion in cash. The deal would marry brands that sweet-toothed Americans have munched on for decades: Mars owns Snickers […]
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Posted on Apr 28, 2008 in Online Trading News
President Bush said tax rebates will start going out on Monday, earlier than previously announced and should help Americans cope with rising gasoline and food prices, as well as aid a slumping economy.
Democrats said they were glad the rebate checks were about to go out, but suggested that multinational oil companies were not among the […]
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Posted on Apr 24, 2008 in Online Trading News
China has decided to cut the stamp duty on stock market transactions to 0.1 percent from 0.3 percent with effect from Thursday, state media said, following deep plunges in share prices.
The move, announced by Xinhua news agency, comes as stocks languish around 46 percent below an all-time high reached last October, with the key Shanghai […]
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Posted on Apr 21, 2008 in Online Trading News
The stock market has reacted well to the recent stream of glum earnings. But this week, Wall Street faces an even bigger flood of first-quarter results and as General Electric Co.’s bleak report earlier this month showed, bad earnings can even hurt a stock market with low expectations.
Out of the 30 components that make up […]
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Posted on Apr 18, 2008 in Online Trading News
Google Inc. tweaked its online advertising formula and accelerated its growth outside the United States to produce a first-quarter profit that surpassed analysts’ predictions, alleviating some of the economic worries battering its stock this year.
The news, released after the stock market closed on Thursday, lifted Google’s recently drooping shares by more than $76 or 17 […]
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