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Last updated: 14:40:30 Thursday Sep 4, 2008


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  • Oil's climb forced companies to become leaner
    NEW YORK - Conventional wisdom had long held that some industries would collapse if oil topped $100 a barrel. As oil neared $150, sending costs higher for everything from jet fuel to plastic jars, the question was how many companies would succumb.   Nations:Thailand   Activities:2007-8 Oil Crisis   Source:(AP)   2008-09-04

    Ex-Refco chief reports to serve prison term
    NEW YORK (Reuters) - Phillip Bennett, the former chief executive of collapsed commodities broker Refco, reported to prison on Thursday to serve a 16-year sentence for fraud, a spokeswoman for the Federal Bureau of Prisons said.   Nations:U.S.   Source:(Reuters)   2008-09-04

    Toll Brothers posts Q3 net loss; sees Q4 rev below Q3
    Reuters) - Luxury home builder Toll Brothers (TOL.N) swung to a third-quarter net loss, hurt by write-downs and weakened demand in most markets amid the nation's housing slump, and forecast sequentially lower revenue in the fourth quarter on higher costs.   Nations:India   Source:(Reuters)   2008-09-04

    Lenders mulling new offer in Alabama debt standoff
    BIRMINGHAM, Alabama (Reuters) - Alabama's Jefferson County and lenders pulled back from the brink of a threatened bankruptcy filing on Friday after the county proposed restructuring $3.2 billion of soured sewer debt.   Nations:U.S.   2008-08-29

    Marvell profit beats street on revenue rise
    SAN FRANCISCO (Reuters) - Diversified U.S. chipmaker Marvell Technology Group Ltd (MRVL.O) posted better-than-expected profit on Thursday as revenues grew strongly in the second quarter.   Nations:U.S.   Source:(Reuters)   2008-08-28

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