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Web Directory Home / Business Saturday, May 7, 2005
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   Consumer Borrowing Increases in March (AP)
AP - Americans increased their borrowing for auto loans and other types of consumer debt at an annual rate of 3.1 percent in March, the smallest gain in four months, the Federal Reserve ...

Employers Hire More, Jobless Rate Steady (AP)
AP - Employers ramped up hiring in April, adding 274,000 jobs, enough to hold the nation's jobless rate steady at 5.2 percent. The latest figures offered a hopeful sign that the labor ...

Treasuries sink after strong jobs report (Reuters)
Reuters - Treasury debt prices sank on Friday after an unambiguously strong U.S. jobs report scotched talk of an economic soft patch and even revived speculation the Federal Reserve might ...

Payrolls grow much more than expected (Reuters)
Reuters - U.S. employers added a surprisingly large 274,000 jobs in April and payrolls grew in each of the two prior months more than first estimated, the Labor Department said on Friday in ...

Ousted AIG chief in stock probe -report
NEW YORK (Reuters) - Federal prosecutors are investigating whether Maurice "Hank" Greenberg, ousted head of insurance giant American International Group

Unilever profits up, shares on recovery
LONDON (Reuters) - Anglo-Dutch consumer goods giant Unilever Plc/NV

Stocks higher after strong April payrolls
NEW YORK (Reuters) - U.S. stocks rose on Friday after government data showed U.S. employers created a surprisingly large 274,000 new jobs in April and added more workers in each of the ...

Albertsons reorganizes key operations (Reuters)
Reuters - Albertsons Inc., the No. 2 U.S. grocery chain, on Friday said it was reorganizing its supply chain and food operations, as U.S. supermarkets face greater competition from ...

Money Funds Fall by $5.87 Billion (AP)
AP - Assets of the nation's retail money market mutual funds fell by $5.87 billion in the latest week to $805.96 billion, the Investment Company Institute said Thursday.

Mercedes sales rise 2 pct in April (Reuters)
Reuters - Sales at DaimlerChrysler's premium Mercedes Car Group rose 2 percent in April to 104,900 units, helped by the first monthly rise in deliveries of its core Mercedes-Benz brand ...

Unilever Q1 earnings jump 25 percent (Reuters)
Reuters - Anglo-Dutch consumer goods giant Unilever Plc/NV beat forecasts with a 25 percent jump in first-quarter earnings, and further signs of a turnaround from a disastrous 2004 pushed ...

Stocks seen higher on strong payrolls (Reuters)
Reuters - U.S. stock futures rose on Friday after government data showed April nonfarm payrolls grew by 274,000, with economists expecting 170,000, easing investor concerns of slowing ...

GE restates some earnings going back to 2001 (Reuters)
Reuters - General Electric Co. on Friday said it was restating earnings for the years 2002 through 2004 after an internal audit found that its accounting for certain hedging transactions ...

Jobs growth surprisingly robust in April (Reuters)
Reuters - U.S. employers created a surprisingly large 274,000 new jobs in April and added more workers in each of the two prior months than first thought, the Labor Department said on ...

Dollar surges on robust April jobs report
NEW YORK (Reuters) - The dollar surged on Friday after the influential April jobs report signaled the U.S. labor market was stronger than expected.

Ousted AIG chief in stock manipulation probe -paper
NEW YORK (Reuters) - Federal prosecutors are investigating whether Maurice "Hank" Greenberg, ousted head of insurance giant American International Group, tried to manipulate the ...


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