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Universal to sell songs without copy protection (Reuters)

News - Fri, 08/10/2007 - 05:24

Reuters - Vivendi's Universal Music Group, the world's largest music label, on Thursday said it will test the sale of songs from artists such as Amy Winehouse, 50 Cent and the Black Eyed Peas, without customary copy-protection technology.


Asia central banks join bid to calm money markets (Reuters)

News - Fri, 08/10/2007 - 05:20

Reuters - Central banks from Tokyo to Sydney injected extra cash into banking systems or pledged to do so on Friday, as Asia joined a global campaign by monetary authorities to calm panicky credit markets.


Credit fears grip Asian stocks (Reuters)

News - Fri, 08/10/2007 - 03:05

Reuters - Asian stocks fell across the board on Friday and the yen extended gains as investors dumped riskier assets following a rout in global markets sparked by a flare-up in credit jitters.


Retailers report sluggish July sales (AP)

News - Fri, 08/10/2007 - 02:15

AP - The sluggish sales that have dogged the nation's retailers this year are the result of two quite different sets of problems: Consumers are cautious — they're paying more for gasoline and watching their home values fall. And, the stores just don't seem to have the merchandise that people want to buy.


Subprime lender NovaStar posts big loss (Reuters)

News - Thu, 08/09/2007 - 23:04
Reuters - NovaStar Financial Inc. a struggling subprime mortgage lender, on Thursday posted a large second-quarter loss, hurt by rising credit losses and a writedown of home loans still on its books.

Economy - Thursday (Investor's Business Daily)

News - Thu, 08/09/2007 - 23:00
Investor's Business Daily - The benchmark fixed 30-year rate mortgage fell 9 basis points this week to 6.59%, said Freddie Mac. The 15-year loan fell to 6.25% from 6.32%. But the 1-year adjustable rate rose 6 basis points to 5.65% and the 5-year hybrid ARM climbed 4 ticks to 6.33%. Meanwhile, Bankrate said the spread between conforming and jumbo mortgages widened sharply over the last week, from 41 basis points to 69 basis points. Banks are having trouble selling lower-quality or large, higher-quality loans to Wall St., so they're raising rates.

Toyota sees slower growth in U.S. (Reuters)

News - Thu, 08/09/2007 - 20:33

Reuters - Toyota Motor Corp (7203.T) will continue to grow in the U.S. market, but at a slower rate than it has in the past, and is considering targeting young consumers with a premium small car, the automaker's North American sales chief said on Thursday.


FTSE lower as credit worries intensify (FT.com)

News - Thu, 08/09/2007 - 19:25
FT.com - The wave of volatility in financial markets on Thursday contributed to a record number of trades on the London Stock Exchange.
 
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