Wednesday, August 27, 2008

UK homebuilder Taylor Wimpey posts $2.6B loss

Wed, 27 Aug 2008 15:20:00 GMT
company's shares fell by as much as 15 percent after the release of the earnings report, but was trading 5 percent lower at 49 pence (90 cents) by afternoon on on the London Stock Exchange. To reduce costs, Taylor Wimpey has already announced plans to

Nigeria: Piracy - Robber of Intellectual Property

Wed, 27 Aug 2008 15:26:00 GMT
to the abuse of intellectual property rights, everyone suffers the person in the street, leaders of businesses, international trading partners and the Nigerian economy as a whole. We still have a major problem with counterfeit goods of all kinds here in

PetroChina says 1H net profit fell 35 pct

Wed, 27 Aug 2008 15:22:00 GMT
company by market capitalization, though not the most profitable. But its share price has since sunk from its trading debut peak last autumn of nearly 44 yuan to Wednesday's close of 13.06 yuan, down 2.3 percent.

Oil fears weigh against confidence

Wed, 27 Aug 2008 15:20:00 GMT
still one of caution, there's not much out there to get investors excited,' said Todd Salamone, director of trading at Schaeffer's Investment Research. 'But, the bigger picture is that there hasn't really been a major breakdown considering all the bad

RBS moves to strengthen board

Wed, 27 Aug 2008 15:27:00 GMT
could reassure shareholders that Goodwin doesn't hold too much power. Shares in RBS gained 0.9% in afternoon London trading, outperforming a modest decline for the European banking sector. Simon Kennedy is the City correspondent for MarketWatch in London.

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posted by Donnie Harris