Topic: Buisiness and Economy

The new items published under this topic are as follows.

Articles: OPEC Eyes 2 Million Bpd Oil Increase

Posted by admin on Thursday, June 03, 2004 - 06:01 AM

	OPEC Thursday homed in on an output increase of two million barrels a day, eight percent, in a bid to ease oil prices from $40 a barrel. Read full article: 'OPEC Eyes 2 Million Bpd Oil Increase'

· 73 Reads ·

Articles: Sony will depart handheld market

Posted by admin on Wednesday, June 02, 2004 - 11:44 PM

	Sony this week said it will stop developing and selling new handheld digital assistants in the United States this year, leaving a declining market and striking a blow to PalmSource, whose software powers the devices. Read full article: 'Sony will depart handheld market'

· 82 Reads ·

Articles: Another Viacom Executive Quits After Management Shake-Up

Posted by admin on Wednesday, June 02, 2004 - 11:42 PM

	After a decade of overseeing Paramount Pictures, Jonathan Dolgen, the chairman of the entertainment division at Viacom, resigned yesterday, one day after he was passed over in a major reshuffling of the company's top management. Read full article: 'Another Viacom Executive Quits After Management Shake-Up'

· 80 Reads ·

Articles: As OPEC gears up, crude slips back below $40

Posted by admin on Wednesday, June 02, 2004 - 11:40 PM

	U.S. oil prices shed more than two dollars a barrel to end under $40 today -- only a day after hitting a 21-year high -- as the prospect of more OPEC crude coming to the market eased supply security fears sparked by a wave of violence in Saudi Arabia. Read full article: 'As OPEC gears up, crude slips back below $40'

· 71 Reads ·

Articles: Construction and Manufacturing Expand

Posted by admin on Tuesday, June 01, 2004 - 11:46 PM

	By The Associated Press United States manufacturing activity expanded for the 12th consecutive month and construction spending rose to its highest level ever, according to reports released yesterday, providing fresh evidence that the economy is picking up steam. Read full article: 'Construction and Manufacturing Expand'

· 73 Reads ·

Articles: Wall Street Journal - June 2

Posted by admin on Tuesday, June 01, 2004 - 11:43 PM

	* Viacom's (nyse: VIAb - news - people) Mel Karmazin resigned unexpectedly as president and operating chief, ending four years of tension with CEO Sumner Redstone. CBS head Leslie Moonves and MTV Networks chief Tom Freston will share the two posts vacated by Karmazin, and are the prime candidates to succeed Redstone. Read full article: 'Wall Street Journal - June 2'

· 76 Reads ·

Articles: Fiat to Name SGS's Marchionne as CEO, People Say

Posted by admin on Tuesday, June 01, 2004 - 03:24 AM

	Fiat SpA, Italy's largest manufacturer, plans to name Sergio Marchionne, head of SGS SA, the world's largest goods inspector, as its fifth chief executive officer in five years, people familiar with the situation said. Read full article: 'Fiat to Name SGS's Marchionne as CEO, People Say'

· 87 Reads ·

Articles: M&S hopes to come up smelling of roses

Posted by admin on Tuesday, June 01, 2004 - 03:20 AM

	Stuart Rose, the man brought in to defend Marks & Spencer from a 10 billion-pound takeover, has made a career out of reviving struggling retailers -- but he has never managed to see off a hostile bid. Read full article: 'M&S hopes to come up smelling of roses'

· 79 Reads ·

Articles: Oil Price Jumps $1 After Saudi Attack

Posted by admin on Tuesday, June 01, 2004 - 03:14 AM

	LONDON (Reuters) - Oil prices jumped a dollar a barrel on Tuesday after an attack in Saudi Arabia by Islamic militants left 22 people dead and heightened fears about political instability in the world's biggest oil exporter. Read full article: 'Oil Price Jumps $1 After Saudi Attack'

· 74 Reads ·

Articles: OPEC Concerned About Terror Attack in Saudi Arabia

Posted by admin on Monday, May 31, 2004 - 03:42 AM

	May 31 (Bloomberg) -- The Organization of Petroleum Exporting Countries is concerned about the attack by militants that killed 22 people at the weekend in Saudi Arabia and plans to raise output to stem price gains, the group's president said. Read full article: 'OPEC Concerned About Terror Attack in Saudi Arabia'

· 103 Reads ·