Iflove Business Finance Revealed This Week: from Rising Gas Prices to Profit Forcasts

Here it is a news list on business finance for this week. The movie star will show you the most interesting financial news to you. Come on and enjoy them.

Facebook joins effort to thwart online predators

By Eric Benderoff | Tribune reporter Following MySpace’s lead, social networking site Facebook said Thursday it has agreed to work with officials from Washington, DC, and 49 states on user privacy issues.
Facebook, states set bullying, predator safeguards The Associated Press
Facebook puts into place new safety controls Houston Chronicle
Some Oil Companies Settle Suit Over Chemical Cleanup

By BRUCE LAMBERT and DONNA DEEDY Several major oil companies have agreed to pay the Suffolk County Water Authority $74 million for the cost of filtering a potentially hazardous additive in gasoline that has leaked from storage tanks into the …
Chevron, other oil companies settle MTBE cases Bizjournals
Refiners to pay $422 million settlement on MTBE MarketWatch

Toyota shares slide after bleak profit forecasts

By Chang-Ran Kim and Sachi Izumi TOKYO (Reuters) - Shares in Toyota Motor Corp skidded on Friday after the world’s biggest automaker forecast its first annual net profit decline in seven years as it faces a triple blow of a stronger yen, …
Toyota Falls Most in Month on Lower Profit Forecast (Update2) Bloomberg
Tokyo shares close sharply lower on Toyota’s outlook, stronger yen Forbes
Forex - Euro rebounds as euro zone interest rate outlook remains …

LONDON (Thomson Financial) - The euro firmed against the dollar as markets continued to digest yesterday’s European Central Bank interest rate decision and the lack of any signal that borrowing costs in the 15-nation currency zone will fall anytime …
FOREX-Dollar falls broadly, yen up as risk appetite fades Reuters
Tight Money Won’t Slay Food, Energy Inflation Bloomberg
EUROPE MARKETS: Shares In Europe Drop After AIG Losses, $124 Crude

European shares declined on Friday morning, with financials under pressure after American International Group unveiled plans to raise more capital after a steep quarterly loss and as Citigroup may unveil a plan to sell $400 billion worth of assets.
AIG’s Loss, Need for Cash Add to Pressure on Sullivan (Update1) Bloomberg
Freeport, Unilever, Alcoa Post Solid Gains Wall Street Journal
Pandit Citigroup Turnaround Plan May Mean Asset Sales

 (Update2)

By Josh Fineman and Bradley Keoun May 9 (Bloomberg) — Citigroup Inc. Chief Executive Officer Vikram Pandit goes before shareholders today with a turnaround plan for the biggest US bank that may include more than $200 billion of asset sales.
Citigroup may sell $400 billion of non-core assets: report MarketWatch
Coming soon: Citigroup’s grand plan
Inside Microsoft’s War Against Google

With Yahoo off the table, Microsoft plans to challenge Google’s online-ad juggernaut alone. A behind-the-scenes look at its provocative strategy by Jay Greene It’s April, and Microsoft’s (MSFT) top US salesman for online advertising, Keith Lorizio, …
Google keen on greater Yahoo ties BBC News
Google sees YouTube products soon; warm on Yahoo Reuters
Allianz profit falls 65% after write-downs

By Simon Kennedy, MarketWatch LONDON (MarketWatch) — German insurance giant Allianz on Friday reported a 65% drop in first-quarter net profit, after taking 845 million euros ($1.3 billion) in write-downs at its struggling Dresdner Bank unit.
2nd UPDATE: Allianz 1Q Net Profit -65%; Doubts Mid-Term Outlook CNNMoney
Allianz Profit Falls on EU513 Million Dresdner Loss (Update1) Bloomberg
Facebook joins effort to thwart online predators

By Eric Benderoff | Tribune reporter Following MySpace’s lead, social networking site Facebook said Thursday it has agreed to work with officials from Washington, DC, and 49 states on user privacy issues.
Facebook, states set bullying, predator safeguards The Associated Press
Facebook puts into place new safety controls Houston Chronicle
Takeda Expects Profit to Fall 55% on Takeover Costs

By Kanoko Matsuyama May 9 (Bloomberg) — Takeda Pharmaceutical Co., Japan’s largest drugmaker, expects a 55 percent decline in profit this year from costs related to the $8.8 billion takeover of Millennium Pharmaceutical Inc. last month.
Takeda Pharmaceutical: Tender offer for Millennium successful MarketWatch
Takeda sees big profit slump on Millennium costs Reuters
Stocks rise despite oil spike

Wall Street ends higher as investors eye some better-than-expected April retail sales and take in stride rising oil prices. By Alexandra Twin, CNNMoney.
Easter shift, discounts lift April sales; tough trends ahead MarketWatch
Sales Expected to Bloom In April for Retailers Wall Street Journal
Housing aid bill faces veto by President Bush

WASHINGTON (AP) - Democrats’ plans to help hundreds of thousands of homeowners struggling with rising subprime mortgage rates and plummeting house values could be sidetracked by President Bush’s threatened veto and the backing of many congressional …
House passes mortgage relief plan Detroit Free Press
Package: More cash, bigger loans Chicago Tribune
Best Buy to Control the Carphone Deal

By ANN ZIMMERMAN Consumer-electronics retailer Best Buy Co. emphasized Thursday that it will call the shots in a new joint venture it is forming with Carphone Warehouse Group PLC of the United Kingdom to expand Best Buy’s electronics stores into Europe …
Best Buy Acquires Stake in Carphone Warehouse Stores (Update8) Bloomberg
Best Buy’s Joint Venture Seen Boosting Global Wireless Operations
EDF Plans British Energy Takeover Offer, People Say

By Paul Dobson and Ambereen Choudhury May 9 (Bloomberg) — Electricite de France SA, Europe’s biggest power producer, plans an offer for British Energy Group Plc that will be at least 5 percent below the company’s share price, said three people with …
Centrica joins with EDF in British Energy deal Times Online
British Energy bid deadline looms
Ahold Sales Fall, Will Only Improve Later This Year

By Joram Kanner May 9 (Bloomberg) — Royal Ahold NV, the Dutch owner of the US Stop & Shop supermarket chain, said first-quarter sales fell 1.3 percent because of the dollar’s slide and forecast no improvement until later this year.
Ahold Trading Statement Q1 2008 CNNMoney
UPDATE 1-Ahold Q1 sales down 1.3 pct, revamp weighs Reuters
Some Oil Companies Settle Suit Over Chemical Cleanup

By BRUCE LAMBERT and DONNA DEEDY Several major oil companies have agreed to pay the Suffolk County Water Authority $74 million for the cost of filtering a potentially hazardous additive in gasoline that has leaked from storage tanks into the …
Chevron, other oil companies settle MTBE cases Bizjournals
Refiners to pay $422 million settlement on MTBE MarketWatch
Wachovia’s Thompson Loses Chairman’s Title After Loss Mounts

By David Mildenberg May 9 (Bloomberg) — Wachovia Corp. Chief Executive Officer Kennedy Thompson, under fire for buying a California lender near the housing market’s peak in 2006, was stripped of his role as chairman of the company, …
Wachovia CEO Thompson gives up chairman role Reuters
Wachovia Ousts Chief From Chairman Post New York Times
Julius Baer cautions fewer assets will hit profit

By Katharina Bart Of DOW JONES NEWSWIRES , , ) Friday tempered profit expectations as the strong Swiss franc and unpredictable markets ate into managed assets.
Julius Baer Had `Significant’ New Money Through April (Update2) Bloomberg
Swiss bank Baer lures super-rich, says deposits up Reuters
Gas Natural net up 10% on gas distribution

By Jason Sinclair MADRID (MarketWatch) — Gas distributor Gas Natural SDG SA (GAS.MC) Friday said first-quarter net profit rose 10%, supported by strong growth in its main gas distribution and electricity generation businesses.
UPDATE 1-Spain’s Gas Natural raises Q1 profit 10 pct Reuters
Gas Natural Q1 net 335.8 mln eur from 304.7 mln Forbes
Major Deal Preserves Ranch Land in California

By FELICITY BARRINGER Almost 90 percent of one of Southern California’s best-known ranches - long the property of one of the state’s best-known newspaper families - will be kept permanently free of development under the terms of a deal announced on …
Conservationists, developer reach major Calif. land deal The Associated Press
Conservationists win battle on key California land Reuters
China’s Export Growth Slows, Easing Pressure on Yuan

By Nipa Piboontanasawat and Li Yanping May 9 (Bloomberg) — China’s export growth slowed in April and the trade surplus was little changed, giving the government room to maintain a slower pace of yuan gains.
China FX policy shift more rhetoric than reality guardian.co.uk
Costs and soft US demand may shutter 10000 factories Toronto Star
RealNetworks Posts Lower 1Q Net, Plans Games Unit Spinoff

SAN FRANCISCO -(Dow Jones)- RealNetworks Inc. (RNWK) Tuesday said it planned to spin off its casual games business as it posted a lower net income on higher revenues boosted by games sales.
RealNetworks plans spinoff of casual games business BusinessWeek
RealNetworks 1st-qtr profit declines, revenue rises Forbes
Gas Natural net up 10% on gas distribution

By Jason Sinclair MADRID (MarketWatch) — Gas distributor Gas Natural SDG SA (GAS.MC) Friday said first-quarter net profit rose 10%, supported by strong growth in its main gas distribution and electricity generation businesses.
UPDATE 1-Spain’s Gas Natural raises Q1 profit 10 pct Reuters
Gas Natural Q1 net 335.8 mln eur from 304.7 mln Forbes

Toyota shares slide after bleak profit forecasts

By Chang-Ran Kim and Sachi Izumi TOKYO (Reuters) - Shares in Toyota Motor Corp skidded on Friday after the world’s biggest automaker forecast its first annual net profit decline in seven years as it faces a triple blow of a stronger yen, …
Toyota Falls Most in Month on Lower Profit Forecast (Update2) Bloomberg
Tokyo shares close sharply lower on Toyota’s outlook, stronger yen Forbes

Iflove Business Finance Revealed This Week: from Rising Gas Prices to Profit Forcasts

Here it is a news list on business finance for this week. The movie star will show you the most interesting financial news to you. Come on and enjoy them. Compiled by Alice Lee

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