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Tuesday, August 10, 2004
Archives on Economy
 
 
 
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1.  Newsday: Oil Prices Hit a Record High 
Published on  8/10/2004

Oil prices marched to record highs just shy of $45 a barrel yesterday after an Iraqi oil official said production ceased at key southern oil fields, meaning the market could lose more than 1.5 million barrels a day by the end of the week....
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2.  USA Today: Get Ready for Jennie Finch 
Published on  8/10/2004

"It's not my goal for Jennie Finch to be a household name," she says. "My goal is to win the gold medal." Her sponsors want the same....
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3.  TechTree: 3D Monitors Ship, No Need for Geeky Glasses 
Published on  8/10/2004

Sharp Systems has introduced the LL-151-3D, a 15-inch 3D LCD monitor, which delivers "eye-popping " 3D images to the naked eye and hopes to bring the greatest amount of realism to the gaming experience "without the need for geeky glasses"....
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4.  Economist: Gloomy West Clues into Kremlin Oil Grab, too late 
Published on  8/6/2004

recent announcements hint at a new plan: to break Yukos up and sell it off at artificially low prices, with the main production subsidiary, Yuganskneftegaz, perhaps going to the state oil firm, Rosneft (whose new chairman, Igor Sechin, is one of President...
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5.  USA Today: Analysts Say $50 a Barrel Oil is Possible 
Published on  8/6/2004

Worldwide demand for oil has grown by nearly 3 million barrels a day, or 3.6%, in the past year, according to PFC Energy, with about a third of that extra consumption occurring in China. Demand is up by about 350,000 barrels a day in the United States....
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6.  WT: Record Oil Prices Pound Stock Prices 
Published on  8/6/2004

Stocks plummeted as oil prices hit a record $44.41 a barrel yesterday and major retailers such as Wal-Mart reported another month of tepid sales because of high gasoline prices....
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7.  Bloomberg: Lukoil Sells for Low Market Price, Industry Spooked 
Published on  8/5/2004

Aug. 4 (Bloomberg) -- Russia will sell its remaining stake in OAO Lukoil, the nation's largest oil producer, for at least $1.26 billion, 28 percent below the market value as a crackdown on OAO Yukos Oil Co. over back taxes hurts investor confidence....
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8.  Cool Tech: IBM to Build Linux Supercomputer for US Army 
Published on  8/5/2004

Stryker will consist of 1,186 IBM's most powerful computers bundled together with AMD's 2,300 64-bit compliant microprocessors. The system will perform at 10 teraflops of speed and it will be the fastest Linux based computer in the U.S. Military, stated I...
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9.  Forbes: Nanosys Withdraws Initial Public Offering 
Published on  8/5/2004

Nanosys Inc., a nanotechnology startup that has no commercially available products, weak revenue and no profit, withdrew its initial public offering Wednesday, citing "adverse market conditions."...
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10.  Reuters: US Oil Prices Reach Record High 
Published on  8/4/2004

LONDON (Reuters) - U.S. oil prices notched up a fresh record high above $44 a barrel on Wednesday, fanning growing concern that consistently high prices are denting global economic growth....
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11.  USA Today: Pfizer to Sue Web Sites Selling Fake Viagra 
Published on  8/4/2004

SAN FRANCISCO — Pfizer (PFE), the world's biggest drugmaker, said Tuesday that it is taking legal action against dozens of online pharmacies and spammers it claims are selling illegal versions of anti-impotence drug Viagra. Pfizer is a rare non-tech comp...
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12.  ChannelNewsAsia: US factories output grows fastest in 30 years 
Published on  8/3/2004

WASHINGTON : The American manufacturing sector sped up activity in July, cementing the longest stretch of rapid growth in more than 30 years, a survey showed....
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13.  eTaiwan News: The Structural Basis for Soaring Oil Prices 
Published on  8/2/2004

Perrin said that "there is not enough flexibility in supply to cope with an accident or an attack. "If Saudi Arabia were to be attacked, there will be a shortage. And this is a scenario nobody wants to think of." ...
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14.  USA Today: Microsoft Profit Growth Hits 82% 
Published on  7/23/2004

SEATTLE — Two days after unveiling a historic $75 billion cash payout to shareholders, Microsoft (MSFT) on Thursday reported profit growth of 82% in its fiscal fourth quarter. It also raised its revenue projection for its current fiscal year....
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15.  WP: Russian Oil Giant Reports it is Almost Out of Cash 
Published on  7/23/2004

MOSCOW, July 22 -- The embattled Yukos Oil Co. warned Thursday that it was going to run out of cash within three weeks because of the government freeze on its assets and bank accounts, jeopardizing the operations of Russia's largest oil producer and poten...
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16.  USA Today: Anti Spam Forces Gather 
Published on  7/20/2004

SAN FRANCISCO — Spam might be big business for junk e-mailers and spam-fighting companies, but something is shrinking: the number of anti-spam vendors....
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17.  USA Today: Companies Brace for Microsoft's Security Update 
Published on  7/19/2004

SEATTLE — As a vice president at security software leader Symantec, Matthew Moynahan applauds Microsoft Corp.'s effort to make its Windows operating system safer from attack. But Moynahan is not so excited about the flood of help-desk calls almost certain...
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18.  USA Today: Dell Gains Market Share, Earnings Go Up 
Published on  7/19/2004

When No. 1 PC maker Dell (DELL) reports earnings next month, it expects 2 cents more profit per share than it estimated in May — good news for the wary tech industry....
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19.  WP: In August, Windows XP to Get a Big Security Upgrade 
Published on  7/13/2004

SEATTLE - Microsoft Corp. will release a major update to the Windows XP computer operating system in August that focuses on boosting protection against malicious intrusions....
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20.  Economic Times: India's Pop. to Exceed China's by 2035 
Published on  7/12/2004

NEW DELHI: India's population stands at over one billion and by 2035 it will overtake China as the world's most populous nation if present trends continue, India's census office said....
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21.  TIME: The Kremlin's Reassertion of Economic Control over Oil 
Published on  7/12/2004

Yukos might in effect be nationalized, with the government holding a controlling stake and the rest spread out among compliant domestic and foreign investors. Yukos' inexorable demise has made the markets nervous, and capital flight has jumped sharply. De...
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22.  Reuters: Jobless Claim is Lowest in Four Years 
Published on  7/8/2004

WASHINGTON (Reuters) - U.S. jobless claims staged an unexpectedly steep fall to the lowest level in nearly four years with 39,000 fewer workers seeking aid, the government said on Thursday, but seasonal factors distorted the report....
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23.  My Way: Economy Set for Best Growth in 20 Years 
Published on  7/7/2004

"We are moving into a sweet spot for the economy with interest rates not too high, jobs coming back and business investment providing strength," said Diane Swonk, chief economist at Bank One in Chicago, who is predicting GDP growth of 4.8 percent this yea...
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24.  USA Today: Almost Five Million New Cases of AIDS in 2003 
Published on  7/7/2004

BANGKOK — Global health officials scaled back estimates of the number of people infected with the AIDS virus, but said Tuesday that despite the statistical adjustment, the epidemic is expanding and killing people at a record rate....
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25.  Reuters: Oil Prices Slip, as Saudis say OPEC will Up Supply 
Published on  7/7/2004

LONDON (Reuters) - World oil prices fell on Wednesday after leading exporter Saudi Arabia said the OPEC oil cartel would go ahead with plans to increase output. Prices also came under pressure after Iraq repaired a sabotaged pipeline and restored crude e...
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26.  Bus. Week: A Mortgage of Her Own, in Japan 
Published on  7/7/2004

Noriko Ito, 43, who took out a $125,000, variable-rate mortgage on her three-room apartment in Mitaka, Tokyo, in 1997, remembers how hard it was to find any bank willing to lend to her....
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27.  MSNBC: Why are More Women Are Buying Homes Alone? 
Published on  7/6/2004

More and more single women are buying homes on their own these days, while others are becoming solely responsible for their houses after a divorce, the death of a spouse or other relative....
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28.  News OK: Deal to Put Nanotech in Flat Screen TVs 
Published on  7/6/2004

NORMAN - An alliance between SouthWest NanoTechnologies and a Texas-based company may help improve quality and lower the cost of flat-panel televisions and computer monitors....
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29.  Ottawa Business: US Factories Expand for 13th Month in a Row 
Published on  7/2/2004

The U.S. manufacturing sector expanded for the 13th month in a row in June, the nation's Institute for Supply Management reported this week, providing further evidence that the recovering economy is firing on all cylinders....
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30.  NYT: Survey in Japan Puts Optimism at Highest in 12 Yrs 
Published on  7/2/2004

TOKYO, July 1 - Business is better than at any time since the collapse of the bubble economy a dozen years ago, according to a survey of Japanese companies released Thursday by the central bank....
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