Corporation News

On the New York Stock Exchange on oil is more expensive, and contracts for the supply of oil for the month of September is concluded at a price for barrel petrol of 113.01 dollars. This price is lower by 1.44 of the price on Monday, and an absolute maximum stated on the New York Stock Exchange on 11 July this year was 34.26 dollars more than the price yesterday.
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Is a meeting of shareholders of Internet company Yahoo!, Which was decided Chairman of the Board of Directors Roy Bostok and the Director-General Jerry Yang to retain their management positions, and seven other directors.
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The new months began to decrease to exchange indices in Asia. Reason for negative moods became a fall in prices of raw materials, which affect interest in companies in the sector. Financial institutions also fell in the center of sales, as representatives of the industry published disappointing results.
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For the first time, the credit agency Moody’s Investors Service has declined for the last quarter of the year more ratings of companies in Eastern Europe than increased since the financial crisis in the U.S. has become ever more global dimensions, said Bloomberg.
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Merrill Lynch disappointed investors because shares of the financial sector after it announced on Thursday greater than expected reduction of assets worth 9.4 billion dollars.
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Internet group Google has increased by 35% in its net profit for the second quarter, but proved less than expectations of investors and lower the company’s shares during the exchange trade outside the U.S.
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U.S. investment bank Merrill Lynch has decided to sell her share in the financial news agency Bloomberg and hopes to complete negotiations on the deal until the announcement of results for the second quarter, it appears from information in the New York Times.
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Happening on world exchanges in the first six months provides full reason to call 2008 “the year of the bears“. In exchange trade lasting attend Bear moods - the main indexes fell down and gradually disappear from the market and bulls.
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