10 July 2007 13:00 [Source: ICIS news]
Privilege fight holds risk for Congress
A looming constitutional showdown over the White House's right to shield internal communications may pose less risk to President Bush, who is resisting subpoenas from Congress, than to lawmakers faced with deepening public discontent.
In a tech backwater, a profit fortress rises
Erik Soule had been waiting 15 months for this moment. The semiconductor engineer was about to launch a new chip, and he needed his pricing approved. In a conference room at Linear Technology Corp, Soule anxiously explained why his amplifier chip is so advanced that it should sell for $1.68 (€1.22), a third more than its rivals.
Labour shortage pinches
In recent years, global car makers have flocked to
Money & Investing
Moody's faces the storm
Short sellers love to target companies heading into financial turmoil. Now, some of those investors who bet on a stock's decline are targeting a company that is paid to spot financial problems before they occur: Moody's Corp.
Why a billionaire lost on Wall Street?
The billionaire co-founder of Subway, the fast food chain known for promoting the slimming effects of its sandwiches, charged that the brokerage house of UBS slimmed down his bankroll by more than $190m (€138.7m) because of a big bet on tech stocks after the stock market bubble burst.
The junkyard dogs investors
Investing in mutual funds holding “junk” may be getting costlier. Prices for so-called junk, or high-yield, bonds have fallen in recent weeks, partly thanks to rising yields on safer bonds, like Treasurys.
With pressure put on Hamas,
In the month since Hamas took over Gaza, the 1.5m Palestinians there have become more isolated than ever, supplies and jobs slipping away as its rival, Fatah, is backed by Israel and the West, presses Hamas.
As the Senate prepares to begin a new debate this week on proposals for a withdrawal from
Google buys a manager of e-mail
Taking further aim at one of Microsoft’s core franchises, Google said Monday that it would acquire the e-mail security and management company, Postini Solutions, for $625m (€456m) in cash.
The Delphi Corp, the large auto supplier, said today that it had terminated a $3.4bn (€2.4bn) financing plan to bring the company out of bankruptcy protection but that it expected to sign a new deal this month.
Bush plans to stress next phase in
President Bush, facing a growing Republican revolt against his
Gonzales was told of FBI violations
As he sought to renew the US Patriot Act two years ago, Attorney General Alberto R Gonzales assured lawmakers that the FBI had not abused its potent new terrorism-fighting powers. “There has not been one verified case of civil liberties abuse,” Gonzales told senators on 27 April 2005.
Carlyle's shopping spree continues
The Carlyle Group, the District private equity giant, continued its recent acquisition spree yesterday with a $2.7bn (€1.97bn) deal for Sequa, a manufacturer of as diverse a group of products as pumps that inflate automobile airbags and After Six tuxedos.
Guilty plea puts pressure on firm
A former official at the Milberg Weiss law firm pleaded guilty yesterday to a conspiracy charge, significantly advancing a criminal investigation against one of the nation's largest class action firms and its top partners.
Day pleads with Mounties to back new boss
Public Safety Minister Stockwell Day pleaded with RCMP members in a personal e-mail to support their new commissioner, saying that William Elliott may not know what it feels like to have “a hardened criminal stare him in the face” but he does know how to assess threats to national security.
Celil appeal rejected by Chinese court
In a brief and perfunctory hearing Tuesday, a Chinese court has rejected an appeal by Huseyin Celil, the Canadian Muslim religious leader who was convicted of “separatist activities” in
Home Depot cuts outlook, blames slump in US housing market
Home improvement retailer Home Depot cut its 2007 earnings outlook on Tuesday, citing weakness in the
Loonie has Canucks eyeing US for cars
The surging dollar has sent a record number of Canadians looking for a new or used car bargain south of the border, says the North American Automobile Trade Association.
Technical issues prevented the loading of the Buenos Aires Herald website on Tuesday.
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