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Money – Current OPEC President Chakib Khelil is predicting that the price of oil may rise as high as $170 a barrel before the end of the year, citing further declines in the U.S. dollar and increased political conflicts.
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(strumors.com)
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Voted for on June 29, 2008 12:40pm
News – In order to deal with inflation, Mexico has frozen food prices. The new pact which will remain in effect until the end of the year freezes prices of more then 150 food items, including flour, tortillas, and many other staples.
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(chron.com)
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Voted for on June 18, 2008 09:40pm
Autos – Honda is being to produce fuel-cell cars that look just like ordinary cars but they no longer demand petroleum based products. On Monday, Honda begun its production of the FCX Clarity, which is the world's first hydrogen powered automobile designed for mass production.
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Voted for on June 16, 2008 09:22pm
Food – The price of corn rose for the eighth day in a row Friday reaching a new high of $7.375 a bushel as floods in the Midwest have drastically lowered the overall supply of corn.
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Voted for on June 13, 2008 05:23pm
Money – Shares of Wachovia dropped to their lowest point since 1992 on news that the bank may need to cut their dividend a second time.
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Voted for on June 13, 2008 05:22pm
Gadgets & Tech – Apple Inc. stated Thursday that it plans to allow consumers who purchased the iPhone after May 27th to be eligible to exchange their current iPhone with a new iPhone and also receive a refund. Apple reported that they have sold over 6 million iPhones since its debut just one year ago.
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Voted for on June 12, 2008 08:08pm
Shopping – Gap's CEO Glenn Murphy reported Tuesday that he plans to close some the retailers stores as well as downsize others in or to better capitalize on the 40 million square feet that Gap currently leases.
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Voted for on June 10, 2008 08:34pm
Autos – Nissan announced plans to launch its first "clean diesel" SUV at G8. The new SUV is scheduled to start selling in Japan in October 2009.
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Voted for on June 09, 2008 07:17pm
News – Comcast is looking to ramp up its cable technology in order to compete with fiber company's. It has been testing docsis 3.0 a technology that will allow it significantly more bandwidth per node.
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Voted for on June 07, 2008 10:10am
Gadgets & Tech – At Google's IO Conference there was news reported about the possibility that Google may open its own online store for Android applications. The store is great news for developers looking to distribute their applications.
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(strumors.com)
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Voted for on May 31, 2008 09:31am
Shopping – Kodak announced that is going to need to rise its prices across the board by 20 percent on higher material costs. The higher prices will go into effect on July 1st, and should help the company offset its higher costs for aluminum, silver, and oil.
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Voted for on May 30, 2008 07:50pm
Money – China Mobile, the largest wireless carrier in China, dropped nearly 8.2 percent Monday as the government released plans to merge smaller operations in order to increase competition.
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Voted for on May 26, 2008 10:24am
Money – Borders has offered itself up for sale and Barnes & Noble Inc confirmed reports that it is looking to acquire the troubled company. Borders has been redesigning, closing stores, and creating its own online e-commerce site as opposed to relying on Amazon in hopes to increase its earnings.
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(strumors.com)
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Voted for on May 24, 2008 09:01am
Gadgets & Tech – Yahoo sent Carl Ichan a rebuttal letter refuting Ichan's claim that Yahoo's board members were acting irresponsible for not accepting Microsoft's merger offer. Bostock stated that Ichan holds a "significant misunderstanding" of the merger talks.
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Voted for on May 17, 2008 08:37am
Money – Saudi Arabia, the world's largest oil exporter, stated that it plans to increase oil production by 300,000 barrels a day in response to higher demand and by request from President Bush. The move which will go into effect next month will increase its current production supply by 3.3 percent.
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Voted for on May 16, 2008 09:10pm