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Google Execs Hope for Long-Term Ad Deal with YahooGoogle's top execs expressed hope Thursday that the Internet search leader will be able to form a potentially lucrative advertising partnership with Yahoo -- a deal that would lower the odds of Microsoft renewing its attempts to buy Yahoo. "We have been talking to Yahoo and we are very excited to be working with them," Google co-founder Sergey Brin told reporters, adding that, "We share a lot of values with them." ...continue |
Oil Reaches More Than $126 a Barrel for First TimeThe price of New York crude oil struck a record high of $126 on Friday, lifted by speculative demand amid concerns about tight global energy supplies, analysts said. ...continue |
United States 'AAA' Credit Rating Affirmed by FitchFitch Ratings has affirmed the United States of America's long-term foreign and local currency issuer default ratings (IDRs) at 'AAA' with stable outlooks, underpinned by its high standards of living, the flexibility of its goods and factor markets, the strength of its institutional framework, and stable political system. ...continue |
Soaring Oil Prices Fuel Economic FearsOil prices are ending the week on a record high after surging towards $125 per barrel in trading Friday. A weak U.S. dollar combined with American supply worries ahead of the summer holiday season along with strong demand from the world's leading emerging economies have led to oil prices posting their biggest weekly gain in more than 12 months ...continue |
Trade Deficit Falls as U.S Economy SlowsThe US trade deficit displayed the effects of the slowing economy in March as weak domestic demand produced a drop in imports not seen since the last recession. That more than offset the first decline in exports since the beginning of 2007. ...continue |
International Representatives Discuss High-Growth Business at Kauffman FoundationTwenty experts from around the world gathered at the Ewing Marion Kauffman Foundation Thursday to discuss the global impact of high-growth small- and medium-sized enterprises, or SMEs. The all-day workshop, sponsored by the foundation and the U.S. Department of Commerce, brought together members of the Organization for Economic Cooperation and Development, an international organization of 30 countries committed to representative democracy and free markets. ...continue |
What's Right with BiofuelsOnly a year ago, biofuels were considered the silver-bullet solution to all of America's energy woes. Today, that same bullet is being blamed for a rise in global food prices, leading to greater poverty and social unrest. The fact is neither assertion is true. ...continue |
RealNetworks to Spin Off Casual-Games BizRealNetworks Chairman and Chief Executive Rob Glaser called the casual-games business his company has built "an incredible entrepreneurial success story." Now, he plans to spin the business off as an independent, public company -- a move that could help it focus on the fast-growing market and add credibility to the region's already strong casual-games industry. ...continue |
Sierra Pacific Resources Wins EEI Supplier Diversity Innovative Approaches AwardThe Sierra Pacific Resources Supplier Diversity Program will receive the Supplier Diversity Innovative Approaches Award for 2007 from the Edison Electric Institute (EEI) during the EEI Supplier Diversity Conference's host company event and awards dinner in Denver, Colo. ...continue |
AIG Loses $7.8 billion in Q1American International Group (AIG) says it swung to a $7.81 billion loss during the first quarter due to losses in credit swaps and mortgage-related operations. AIG says it lost $3.09 per share, compared with earnings of $1.58 per share, or $4.13 billion, during the year-ago period. Analysts polled by Thomson Financial, on average, forecast a loss of 76 cents per share. ...continue |