By STEVEN LEE MYERS
RIYADH, Saudi Arabia — President Bush on Tuesday urged Saudi Arabia and other members of OPEC to consider the strain the high cost of oil was having on the American economy, addressing an issue that has begun to color the last year of his presidency and dominate the presidential election campaign.
Speaking […]
Posted on January 16th, 2008 by admin
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By JEFFREY GETTLEMAN
NAIROBI, Kenya — Kenya sunk further into violence on Wednesday as police battled with protesters across the country, shooting several, according to witnesses, while opposition leaders vowed to press ahead with the protests.
The worst violence was in Kisumu, Kenya’s third largest city and an opposition stronghold, where mobs of furious young men […]
Posted on January 16th, 2008 by admin
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By DIANE CARDWELL and RAY RIVERA
The robust growth in real estate values in New York, a trend that helped fuel years of record budget surpluses and city spending, has nearly skidded to a halt, city officials said Tuesday, and that shift could bring new pressure on Mayor Michael R. Bloomberg to raise taxes.
The city […]
Posted on January 16th, 2008 by admin
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By REUTERS
BOSTON (Reuters) - Oracle Corp <ORCL.O> on Wednesday won a three-month-long campaign to buy BEA Systems Inc <BEAS.O> by raising its bid for the business software maker by 14 percent to $8.5 billion.
Activist investor Carl Icahn, BEA’s largest shareholder with a nearly 13 percent stake, said he supported the […]
Posted on January 16th, 2008 by admin
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By REUTERS
Filed at 9:49 a.m. ET
NEW YORK (Reuters) - Wells Fargo & Co <WFC.N> on Wednesday said its fourth-quarter profit fell 38 percent, the first decline in more than six years, hurt by rising losses from home equity loans.
The decline was smaller than expected but reflects how the housing […]
Posted on January 16th, 2008 by admin
Filed under: Mortgage, Investment, Business | No Comments »
By MICHAEL M. GRYNBAUM
Inflation continued to creep up in December, but the rise in prices will likely do little to hold back an interest rate cut by the Federal Reserve this month.
The consumer price index rose 0.3 percent last month, the Labor Department said on Wednesday. The increase was more than expected but also […]
Posted on January 16th, 2008 by admin
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