Archive for July 15th, 2008
« Previous EntriesIntel’s profits up 25%
Tuesday, July 15th, 2008Intel Corp., the world’s largest semiconductor manufacturer, said that profits rose more than expected in the second quarter on strong international sales bolstered by a weak dollar.
Congress overrides Bush Medicare veto
Tuesday, July 15th, 2008Both houses of Congress voted Tuesday to halt planned cuts in Medicare payments to doctors, overriding a veto by President Bush for the third time of his presidency.
Bankruptcies loom for airlines - report
Tuesday, July 15th, 2008Thousands of layoffs, hundreds of grounded planes and 21 price increases may not have been enough to save the embattled airline industry from the damaging effects of high fuel prices.
Viacom, YouTube reach data deal
Tuesday, July 15th, 2008Viacom has agreed to let Google strip identifying information from YouTube viewers’ data before complying with a judge’s order to hand over the records as part of a copyright infringement lawsuit.
Bernanke gloomy on housing, economy
Tuesday, July 15th, 2008The housing finance crisis and spiraling energy costs will remain a drag on the U.S. economy for the rest of the year, Federal Reserve Chairman Ben Bernanke told lawmakers in a gloomy presentation about the economic outlook.