Thursday, March 27, 2008
U.S. stocks edge lower on Oracle, Google woes
U.S. stocks edge lower on Oracle, Google woes
U.S. stocks edge lower, with technology shares pressured by
disappointing numbers from Oracle Corp. and Google Inc., while crude-oil
prices stay close to $106 a barrel.
Judge orders banks to fund $19 billion Clear Channel buyout
A Texas judge has ordered six investment banks to fund the imperiled $19
billion buyout of Clear Channel Communications by two private-equity
firms.
Oracle shares slide on disappointing sales
Shares of Oracle Corp. fall as much as 8% in premarket trading after the
company's quarterly sales disappointed Wall Street.
General Electric reaches pacts with AmEx, Santander
General Electric reached separate deals with American Express and Banco
Santander, getting $1.1 billion in cash and an Italian banking operation
in return for selling its corporate card business and various European
personal finance units.
Economic Report: GDP unrevised at 0.6%, weakest U.S. growth since 2002
The U.S. economy slowly abruptly in the fourth quarter, growing at a
0.6% annual rate, the slowest pace since late 2002, the Commerce
Department estimates.
