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1d61c5fef11f199ffe8046c2e4ade24f | https://www.cnbc.com/2007/09/14/bonds-steady-as-market-eyes-rate-cut.html | Bonds Steady as Market Eyes Rate Cut | Bonds Steady as Market Eyes Rate Cut
U.S. Treasurys were flat Friday after mixed economic data did not change expectations of a Federal Reserve interest rate cut next week.
But the data reduced the chances of half a percentage point cut in the Fed funds rate target at the central bank's policy meeting on Tuesday. A 25 ... |
f8c05af55cf13b0276c27da1beb456f0 | https://www.cnbc.com/2007/09/14/brad-paisleys-cooler-than-cool-online.html | Brad Paisley's Cooler Than Cool "Online" | Brad Paisley's Cooler Than Cool "Online"
Just a brief blog post this Friday to bring a smile to your face as we head into the weekend. We get myopic here at CNBC sometimes, covering the vagaries of Wall Street, interest rates, big momentum trends like mobile computing, all things Apple, social networking. Forgetting th... |
8e3e648b2070ab93acd4e526b07d810c | https://www.cnbc.com/2007/09/14/bush-agrees-to-limited-troop-cuts-in-iraq.html | Bush Agrees to Limited Troop Cuts in Iraq | Bush Agrees to Limited Troop Cuts in Iraq
President George W. Bush on Thursday ordered gradual troop reductions in Iraq but defied calls for a dramatic change of course, telling skeptical Americans the U.S. military role there will stretch beyond his presidency.
Trying to secure more time to allow his strategy to work,... |
778d05cda41e72233aa5bf7fa8549bf2 | https://www.cnbc.com/2007/09/14/cadbury-rejects-drinks-bid-due-to-financing-sources.html | Cadbury Rejects Drinks Bid Due to Financing: Sources | Cadbury Rejects Drinks Bid Due to Financing: Sources
Britain's Cadbury Schweppes rejected a private equity bid for its North American drinks unit over the terms rather than price after it was asked to finance a third of the deal, industry sources said on Friday.
A private equity consortium including Blackstone Group , ... |
d6946e3639a8c2c691e229df4ec26d07 | https://www.cnbc.com/2007/09/14/china-investment-stays-strong-tightening-on-agenda.html | China Investment Stays Strong, Tightening on Agenda | China Investment Stays Strong, Tightening on Agenda
China kept up a fast investment tempo in August, government figures showed on Friday, making the case for further policy tightening to prevent economic growth and inflation from spinning out of control.
Capital spending in urban areas on fixed assets such a flats and ... |
11e7cf01e2cb2fb4433062b668c266e7 | https://www.cnbc.com/2007/09/14/cocacola-ceo-may-stay-on-after-turning-65.html | Coca-Cola CEO May Stay on After Turning 65 | Coca-Cola CEO May Stay on After Turning 65
Coca-Cola's CEO Neville Isdell indicated he would stay on at the helm of the global drinks group after he turns 65 next year, the Financial Times reported on Friday.
"There is no set date (for retiring). I don't think age is a factor. Look at the age of the people who are runn... |
9dc5f041790f6dabfa2141f6171b2a50 | https://www.cnbc.com/2007/09/14/commodities-gone-wild.html | As the resource-hungry economies of China and India continue to roar forward, and the dollar continues to plunge to new lows, commodity prices are going wild. The traders speak to the CEO of the world’s largest publicly traded copper company – and the owner of the world’s largest gold mine - to find out how to profit f... | |
314b0ea7ffca40f0e44c9cf324fc9706 | https://www.cnbc.com/2007/09/14/consumer-confidence-tumbles-to-18month-low.html | Consumer Confidence Tumbles to 18-Month Low | Consumer Confidence Tumbles to 18-Month Low
Consumer confidence tumbled to its lowest point in nearly one and a half years as a deep housing slump and a credit crunch made people more worried about the country's economic health as well as their own.
The RBC Cash Index showed consumer confidence clocking in at 71.1 in S... |
a67a9eaf345f1102bcfa0510a8c39418 | https://www.cnbc.com/2007/09/14/consumers-could-face-higher-toy-prices.html | Consumers Could Face Higher Toy Prices | Consumers Could Face Higher Toy Prices
Someone is going to have to pay all the extra costs of making toys safer.
For now, toy makers and retailers are sharing the burden, but that's only expected to last until the holiday season. Next year, American consumers will be facing price increases of up to 10% to pay for the i... |
7c5e8b753d3e102ff51e7007aa18cd59 | https://www.cnbc.com/2007/09/14/cramers-allstar-fantasy-football-stocks.html | All week Cramer has been drafting a portfolio of all-star stocks the way football fans pick their fantasy teams. He recommended a group of stocks for each key position with the intention of picking only the best for today’s show. Here’s who made the cut.
For quarterback, the team leader, Cramer went with Exxon Mobile. ... | |
f0433e7f9ddbf87308ce3d9ca882eee1 | https://www.cnbc.com/2007/09/14/deutsche-telekom-to-sell-iphone-in-germany-sources.html | Deutsche Telekom to Sell iPhone in Germany: Sources | Deutsche Telekom to Sell iPhone in Germany: Sources
Deutsche Telekom has clinched an exclusive deal with Apple to sell the coveted iPhone in Germany, an industry source told Reuters. The deal will be announced next week, the source said.
The touch-screen device, which combines the popular iPod music player, a video pla... |
97164f0bf9c092450836d0143e23c958 | https://www.cnbc.com/2007/09/14/dow-jones-union-close-to-contract-deal-report.html | Dow Jones, Union Close to Contract Deal: Report | Dow Jones, Union Close to Contract Deal: Report
Dow Jones and its main labor union are close to a contract agreement for reporters and other employees at The Wall Street Journal and Dow Jones Newswires, the New York Times reported on its Web site on Friday, citing union officials.
The board of the union, the Independen... |
42e86de5cbff692cfee02728459c676f | https://www.cnbc.com/2007/09/14/eli-lilly-receives-new-fda-approval-for-evista.html | Eli Lilly Receives New FDA Approval For Evista | Eli Lilly Receives New FDA Approval For Evista
Drug developer Eli Lilly said Friday the Food and Drug Administration approved its osteoporosis drug Evista for use in reducing the risk of invasive breast cancer.
The approval covers postmenopausal women with osteoporosis and postmenopausal women at high risk for invasive... |
644f328f1a66a957941775d4e992f094 | https://www.cnbc.com/2007/09/14/eu-ministers-back-ecb-on-creditcrunch-actions.html | EU Ministers Back ECB on Credit-Crunch Actions | EU Ministers Back ECB on Credit-Crunch Actions
EU finance ministers gave the European Central Bank a thumbs-up on Friday for its efforts to combat a global credit crunch and said they hoped the damage to economic growth from market turmoil would be limited.
As they met, Britain revealed its first big casualty of the cr... |
1a1e65e95946178fd3f1aadb00ac274d | https://www.cnbc.com/2007/09/14/european-credit-pain-spread-across-atlantic.html | European Credit Pain Spread Across Atlantic | European Credit Pain Spread Across Atlantic
U.S. stock futures are pointing lower this morning as new credit worries in Europe drag down banking shares there and wipe out yesterday's euphoria in the financial sector.
Bank of England to the Rescue
Northern Rock, one of the largest U.K. mortgage lenders, confirmed report... |
f350c5b172188e0abe934b7c843cc28e | https://www.cnbc.com/2007/09/14/european-stocks-are-set-to-open-weaker-us-data-eyed.html | European Stocks Are Set to Open Weaker, U.S. Data Eyed | European Stocks Are Set to Open Weaker, U.S. Data Eyed
European shares are seen opening lower on Friday, paring the previous session's gains, on worries over financing for banks, while markets also focus on U.S. retail sales data for signs of a slowdown in the U.S. economy.
Financials are eyed as media reported that Br... |
2ba37ec6c9438528f2bca489d5321f72 | https://www.cnbc.com/2007/09/14/european-stocks-close-lower-on-banking-sector-woes.html | European Stocks Close Lower on Banking Sector Woes | European Stocks Close Lower on Banking Sector Woes
European stocks finished the week lower, dragged down by news that British mortgage-lender Northern Rock was forced to ask for an emergency loan from the Bank of England.
The London FTSE-100 , Paris CAC-40 and Frankfurt DAX were all sharply lower, while the FTSE CNBC G... |
3a67ebccfd057d400acd502b3c12ef6c | https://www.cnbc.com/2007/09/14/eurozone-august-inflation-drops-to-17.html | Euro-Zone August Inflation Drops to 1.7% | Euro-Zone August Inflation Drops to 1.7%
Inflation in the 13 euro nations was 1.7% in August, the European Union's statistical agency said Friday, lowering its earlier estimate of 1.8%.
Inflation was 1.8% in July and 1.9% in June -- beneath the European Central Bank's guideline of just under 2% that it looks to when it... |
e041ed0d6c4d35127c5f06f93a3fe204 | https://www.cnbc.com/2007/09/14/fast-money-mail-we-answer-your-questions.html | Paul writes: Why does a strong yen accelerate the unwinding of the so-called “yen carry trade”? And what are the ramifications of such an event?
VIDEO0:0000:00Money Mail
Jeff Macke explains: the yen is a heavily-shorted asset that’s going up in price and people have to buy yen to get out of the trade. As it ramps, peop... | |
66d4dc64417396325abc908552d2a9b6 | https://www.cnbc.com/2007/09/14/fedex-cup-payout-bonds-homer-ball-ruined-ad.html | FedEx Cup Payout, Bonds Homer Ball, Ruined Ad | FedEx Cup Payout, Bonds Homer Ball, Ruined Ad
CNBC.com
So I have some correcting to do. In my commenting on the PGA Tour's FedEx Cup payout plan, I said it was an annuity. Why wouldn't I? Everyone, including the players have been calling it that. But I spoke with Ron Price, the Tour's CFO, who clarified that it's actua... |
7c17cc7879fe77de34e9446651a21841 | https://www.cnbc.com/2007/09/14/fighting-diabetes-and-more.html | Could a new pharmaceutical partnership be a diabetes killer? In Thursday’s Web.Extra the traders reveal how to play the latest news. Also get their trades on hard drive behemoths Western Digital and Seagate. Remember, this content is exclusively for you our internet audience. You won't find these trades on TV!
VIDEO0:0... | |
54d447fbc35a7f96efd24a38812a4044 | https://www.cnbc.com/2007/09/14/game-plan-how-to-play-the-fed-meeting.html | Next week, it’s all about the Fed.
Cramer dedicated his Game Plan tonight to the best ways to play what he sees as the three possible outcomes from the Tuesday, Sept. 18 FOMC meeting: no rate cut, a 25 basis point cut, or a 50 basis point cut.
It would be “Armageddon” if the Fed didn’t cut rates, Cramer said, and it’s ... | |
7230718c6ee7cd2abbfa6b0704576f71 | https://www.cnbc.com/2007/09/14/germanys-glos-fears-euro-will-remain-strong.html | Germany's Glos Fears Euro Will Remain Strong | Germany's Glos Fears Euro Will Remain Strong
German Economy Minister Michael Glos said on Friday he feared the euro would remain strong and turbulence on financial markets would continue.
"I am worried for the export economy that the strong euro will stay like this," Glos told parliament.
Many economists have said the ... |
d238cd299a2a9720f94de4353653805e | https://www.cnbc.com/2007/09/14/getting-down-to-earth-amidst-soaring-oil-prices.html | Commodity Store with Sri Jegarajah | Commodity Store with Sri Jegarajah
It’s been a busy week for us in the news industry. Japan’s prime minister resigned and was promptly hospitalized; several big earthquakes hit Indonesia; Hurricane Humberto came out of nowhere, hitting the Texas-Louisiana coast with 85-mph winds; and the news highlighter for my little... |
753f080e40568ca3dfe0988a8d33e732 | https://www.cnbc.com/2007/09/14/goldmans-global-alpha-hedge-fund-posts-worst-month.html | Goldman's Global Alpha Hedge Fund Posts Worst Month | Goldman's Global Alpha Hedge Fund Posts Worst Month
Goldman Sachs' flagship Global Alpha hedge fund sank 22.7% in August, the worst month in its 12 years of operation, the Wall Street Journal reported Friday, citing a letter from the fund to investors.
Global Alpha, run by University of Chicago alumni Mark Carhart and ... |
919f4be914c3a95804b5847526a5e9c2 | https://www.cnbc.com/2007/09/14/hovnanian-homes-from-upscale-to-communal-living.html | Hovnanian Homes: From Upscale To Communal Living? | Hovnanian Homes: From Upscale To Communal Living?
I'm at a Hovnanian community in Woodbridge, VA today, covering the story of an incredible three-day sale, where the beleaguered builder is slashing prices over 100 thousand dollars. This area is new home central; bulldozers on steroids and the sound of nail guns comin... |
46f984521e05e23bc8d2e59a14cb3ee6 | https://www.cnbc.com/2007/09/14/hovnanian-stages-weekend-fire-sale-of-luxury-homes.html | Hovnanian Stages Weekend Fire Sale of Luxury Homes | Hovnanian Stages Weekend Fire Sale of Luxury Homes
Hovnanian Enterprises, struggling like other home builders, is offering six-figure discounts on some of its properties this weekend as it attempts to draw interest in a slumping market.
Walter Bibikow | The Image Bank | Getty Images
The sales blitz involves dropping p... |
0d7b2dee9bd16cd372b60ab64f114d31 | https://www.cnbc.com/2007/09/14/inside-wall-street.html | It’s almost four years at the helm of Citigroup for Chuck Prince, and the stock is virtually unchanged. CNBC’s Charlie Gasparino joins the panel to discuss the pressure that the Street is putting on Prince and Citi.
VIDEO0:0000:00Tomorrow's Headlines #1
Citigroup (C) is not a well-run company, Gasparino said. He thinks... | |
2f6509555c58808c6789f87b7a3f5678 | https://www.cnbc.com/2007/09/14/lamborghini-ride-was-i-reckless-you-weigh-in.html | Lamborghini Ride: Was I Reckless? You Weigh In! | Lamborghini Ride: Was I Reckless? You Weigh In!
CNBC.com photo composite
Well, I asked and you told me. Yes, some of you do think I was reckless to drive a Lamborghini 150 mph while in Italy. However, others told me it's hard not to air out a lambo when you get the chance, so don't worry about it.
Mike e-mailed: "Yes i... |
829afc1e314a697983380d9fa11f804d | https://www.cnbc.com/2007/09/14/lightning-round-blockbuster-palm-cnooc-and-more.html | Pacific Ethanol : “I have to steer you away from that.” Sell, sell, sell! Bunge and Monsanto are better plays, Cramer said.
Sirius Satellite : “Mel Karmazin is back in our good graces…and I’m giving him two thumbs up.”
VIDEO0:0000:00Lightning Round
Blockbuster : Don’t buy! Cramer said he’s “lukewarm” on Blockbuster.
P... | |
eb3ec1b69034b1292325c03741c74acf | https://www.cnbc.com/2007/09/14/lindex-profit-climbs-on-womens-clothing-sales.html | Lindex Profit Climbs on Women's Clothing Sales | Lindex Profit Climbs on Women's Clothing Sales
Clothing retailer Lindex, trying to fend off a $1 billion bid by rival KappAhl, on Friday posted alarger-than-expected rise in pretax profit, helped by strong sales of womens' clothing.
Pre-tax earnings in the firm's fiscal fourth quarter rose 25% year-on-year to 180 milli... |
415f23ff49811c283724206298e605f4 | https://www.cnbc.com/2007/09/14/macquarie-flags-record-firsthalf-profit-shares-rise.html | Macquarie Flags Record First-Half Profit, Shares Rise | Macquarie Flags Record First-Half Profit, Shares Rise
Macquarie Bank, Australia's top listed investment bank, said on Friday its first-half profit is expected to be about 40% higher than the previous corresponding period, on strong M&A flows. But Macquarie added that there had been a slowdown in deals due to current ma... |
1ee93b97d6429d38930a4c32bd4be71e | https://www.cnbc.com/2007/09/14/mad-mail-why-diversify.html | Hey Jim: Loved your segment the other night on CEEMEA (Central and Eastern Europe, Middle East, and Africa). It seems to me that Caterpillar is an obvious play on CEEMEA, but you didn’t mention it. Am I missing something? --Steven
Cramer says: “It is a big CEEMEA player, and they actually mentioned it on their conferen... | |
1b58e2590c621b51ac7abd13186237aa | https://www.cnbc.com/2007/09/14/making-money-across-america-san-francisco-video-roundup.html | Making Money Across America: San Francisco -- Video Roundup | Making Money Across America: San Francisco -- Video Roundup
“Power Lunch” is in San Francisco to focus on the world of venture capital – from alternative energy to biotech to new media – and talk to some major players. Here's what some of the guests on the program are saying.
Khosla Ventures Managing Partner Vinod Khos... |
73cb4da380d85def069d31943c60ab61 | https://www.cnbc.com/2007/09/14/merrill-investments-being-hurt-by-credit-crunch.html | Merrill: Investments Being Hurt by Credit Crunch | Merrill: Investments Being Hurt by Credit Crunch
Merrill Lynch warned on Friday that shaky credit markets forced the world's largest brokerage to reduce the value of securities linked to risky subprime mortgages and other products, a move that could hurt third-quarter profit.
Merrill shares initially fell 3.5 percent ... |
d0e72a61391db9999e355741d405bcd6 | https://www.cnbc.com/2007/09/14/moondance-diner-talk-about-a-relocation.html | Moondance Diner: Talk About A Re-Location?!! | Moondance Diner: Talk About A Re-Location?!!
The Moondance Diner
So how far are you willing to go to make your spouse happy? Would you drive for 7 days over 2,400 miles toting a 75 year old New York City diner?
Vince Pierce did, along with his father-in-law. Vince is a long haul trucker and his wife is a human dynamo n... |
a8c1b129cd2f104fcd7ea848fae8f91d | https://www.cnbc.com/2007/09/14/nasdaq-says-may-raise-omx-bid-to-fight-borse-dubai.html | Nasdaq Says May Raise OMX Bid to Fight Borse Dubai | Nasdaq Says May Raise OMX Bid to Fight Borse Dubai
U.S. exchange Nasdaq held out the possibility on Friday of boosting an offer for exchange group OMX currently worth $3.8 billion as it competes with a higher all-cash bid from Borse Dubai.
A senior executive at Nasdaq , speaking after a seminar that also featured the h... |
05497ec629c694aa41159fd098af3202 | https://www.cnbc.com/2007/09/14/nbcwsj-poll-more-highlights-about-white-house-race.html | NBC/WSJ Poll: More Highlights About White House Race | NBC/WSJ Poll: More Highlights About White House Race
Here are some more highlights from our NBC/WSJ poll, which tells a lot about the state of the race for the White House. (see link below for my previous post on the poll)
--Though rivals question Hillary Clinton's "electability," she outpaces all of them in the public... |
3c2ebd0b537d2c1b701abcff9acd2f91 | https://www.cnbc.com/2007/09/14/not-so-rock-solid-what-have-we-learnt.html | Not so 'rock' solid. What have we learnt? | Not so 'rock' solid. What have we learnt?
This credit problem is taking me back to the last big story I worked on where a financial economy crisis had real economy consequences: the Asian market meltdown of 1997.
Then, an attack on currency regimes resulted in a broader financial collapse which ultimately saw former hi... |
8ec84a9f4ed53070d7db96bc8735df1d | https://www.cnbc.com/2007/09/14/oil-closes-down-as-us-storm-fades.html | Oil Closes Down as U.S. Storm Fades | Oil Closes Down as U.S. Storm Fades
Oil eased from its record high on Friday as a hurricane subsided in the Gulf of Mexico and as fresh evidence of credit troubles in the banking sector hit financial markets.
There was some downward pressure on oil from initial falls in European shares after the Bank of England had to ... |
c6f701a3e4934219e8e452b99054d205 | https://www.cnbc.com/2007/09/14/paulson-turmoil-to-persist-but-economy-strong.html | Paulson: Turmoil to Persist But Economy Strong | Paulson: Turmoil to Persist But Economy Strong
Treasury Secretary Henry Paulson said on Friday that it will take time to work through the
problems contributing to current financial market turmoil but expressed confidence U.S. growth will not be derailed.
Treasury Secretary Henry Paulson said on Friday that it will take... |
4b28facaa8c84cdaa6f5ed73658d306b | https://www.cnbc.com/2007/09/14/pick-your-alternative.html | As goes oil, so goes the rest of the energy sector. As oil closes above $80 for the first time, what’s the best alternative in the alternative energy space?
VIDEO0:0000:00Tomorrow's Headlines #3
Pete Najarian has long been a believer in solar energy. He likes Trina (TSL) and Suntech (STP), but his favorite play is SunP... | |
47b9c988785044c6992cefbc13d47f6a | https://www.cnbc.com/2007/09/14/sell-block-chuck-citis-prince.html | Because Cramer took yesterday to celebrate Rosh Hashanah – and continue repenting for all those years at his hedge fund as the chair-tossing, computer-smashing boss – he didn’t get a chance to cover this week’s Sell Block until today. The focus? His Hall of Shame.
Cramer’s dislike of Citigroup CEO Chuck Prince is no se... | |
7e5dac014a5da6561066f1f46dd8dc4a | https://www.cnbc.com/2007/09/14/special-series-the-secret-of-her-success.html | Special Series: The Secret of Her Success | Special Series: The Secret of Her Success
This week, NBC Nightly News is airing a series of special reports on issues important to women, including work and finances.
Thursday: CNBC's Sue Herera focused on personal finance for younger women (ages 21-34); with expert advice on how to be money smart from the get-go. Watc... |
0942b56a855e1e1ef1921ab279a76971 | https://www.cnbc.com/2007/09/14/stocks-on-the-move-lowes-blockbuster-and-more.html | POPS (stocks that jumped higher)
Blockbuster (BBI) popped 5% after Citigroup said a small increase in rental prices will add a lot of cash to BBI’s books – “A great day to sell Blockbuster,” Jeff Macke said.
VIDEO0:0000:00Stock Pops & Drops
Sotheby’s (BID) popped 5% - Karen Finerman is afraid it can’t sustain a rally n... | |
4df375d8a7e80f17c7dc332a1968359b | https://www.cnbc.com/2007/09/14/support-is-growing-for-japans-fukuda-in-pm-race.html | Support Is Growing for Japan's Fukuda in PM Race | Support Is Growing for Japan's Fukuda in PM Race
Momentum grew in Japan's ruling party on Friday to back 71-year-old lawmaker Yasuo Fukuda, known for his pro-Asian diplomacy, as successor to Prime Minister Shinzo Abe after his shock resignation.
"I think this is an emergency situation. I don't know how it will develop ... |
eb482f49672d2c3262eba41faf25fe82 | https://www.cnbc.com/2007/09/14/td-ameritrade-hacked-customer-info-stolen.html | TD Ameritrade Hacked; Customer Info Stolen | TD Ameritrade Hacked; Customer Info Stolen
Online brokerage TD Ameritrade Holding said Friday one of its databases was hacked and contact information for its more than 6.3 million customers was stolen.
TD AmeritradeAP
A spokeswoman for the Omaha-based company said more sensitive information in the same database, includ... |
de3c0906892881fd9dc4876656c91404 | https://www.cnbc.com/2007/09/14/uaw-singles-out-gm-rallies-for-possible-strike.html | UAW Singles Out GM, Rallies for Possible Strike | UAW Singles Out GM, Rallies for Possible Strike
Local leaders with the United Auto Workers union on Thursday began preparing to walk picket lines as soon as Friday if contract talks with General Motorsbreak down after the UAW singled out the No. 1 U.S. automaker as its strike target.
A Chevrolet dealership in Loveland,... |
c5b979a66c3cdaef5a80a56a819fbd15 | https://www.cnbc.com/2007/09/14/uk-liquidity-chinas-rates-weigh-on-markets.html | Trader Talk | Trader Talk
Several issues weighing on the markets today. Liquidity issues again coming to the fore, this time in the U.K.
1) Northern Rock, the 4th largest mortgage company in the UK, has sought emergency funding from the Bank of England because it won't be able to roll over obligations that are coming due over the ne... |
66cc4adc6aa7d8c509f269eab1c9d384 | https://www.cnbc.com/2007/09/14/uks-darling-says-world-must-act-to-shore-up-market-defenses.html | U.K.'s Darling Says World Must Act to Shore Up Market Defenses | U.K.'s Darling Says World Must Act to Shore Up Market Defenses
U.K. Chancellor of the Exchequer Alistair Darling Friday called on global economic policymakers and regulators to provide a coordinated response to financial stability issues arising from the recent period of instability in global financial markets.
In a le... |
bbc27f4bd3d95f647942a68541ff9c6a | https://www.cnbc.com/2007/09/14/week-on-wall-street-making-gains-ahead-of-the-fed.html | Week on Wall Street: Making Gains Ahead of the Fed | Week on Wall Street: Making Gains Ahead of the Fed
Stocks ended higher as investors widely expected the Federal Reserve to cut interest rates, but gains were tempered due to uncertainty about the magnitude of easing.
The Dow Jones Industrial Average posted a weekly gain of 2.5%, the S&P 500 rose 2.1% and the Nasdaq Com... |
2675ba13691e44c70772efb3d21b8f73 | https://www.cnbc.com/2007/09/14/whale-watching-bill-ackman.html | McDonald’s and Target – two stocks that surged Thursday – are both held by Wall Street Whale and activist investor Bill Ackman. Does he have the Midas touch, or are the moves merely coincidental?
VIDEO0:0000:00Tomorrow's Headlines #2
Ackman has a 9.6% stake in Target (TGT) and a 1.6% stake in McDonald’s (MCD). The news... | |
d6d289a230159dd8a2376fc63c895e78 | https://www.cnbc.com/2007/09/14/why-you-shouldnt-worry-about-a-fed-rate-cut.html | Why You Shouldn't Worry About a Fed Rate Cut | Why You Shouldn't Worry About a Fed Rate Cut
NYSE TradersAP
Can the Fed do anything to make the markets happy?
The answer: not really.
Even if Federal Reserve policymakers cut interest rates on Tuesday, as most expect, stocks aren't likely to show much enthusiasm. The reason: credit market jitters probably won't subsi... |
254d2c776bb72ed0de079c063f579ba2 | https://www.cnbc.com/2007/09/14/your-first-move-for-friday-sept-14.html | Jeff Macke recommends selling General Motors (GM).
Guy Adami would be a buyer of the Short Dow30 ETF (DOG), because he “didn’t like the action” Thursday.
Karen Finerman is a buyer of ConocoPhillips (COP) with oil at $80.
Pete Najarian likes the networkers and thinks Sun Microsystems (JAVA) is the way to go.
Final Trade... | |
9850cc0bb487a96123d72359a2219f02 | https://www.cnbc.com/2007/09/15/chrysler-recalls-nearly-300000-suvs.html | Chrysler Recalls Nearly 300,000 SUVs | Chrysler Recalls Nearly 300,000 SUVs
Chrysler said Friday it would recall nearly 300,000 sport utility vehicles to address potential braking problems while driving uphill. In a separate move, Honda Motor Co. said it was recalling more than 180,000 Civics from the 2006-2007 model year to fix a wheel-bearing seal that co... |
51297c093d107ecb9329fbcfff25139d | https://www.cnbc.com/2007/09/15/gm-union-make-progress-deal-seen-likely.html | GM, Union Make Progress, Deal Seen Likely | GM, Union Make Progress, Deal Seen Likely
Negotiators from General Motors and the United Auto Workers union were making significant progress on Saturday on a new labor contract, but major issues remained unresolved, a person close to the talks said.
GM and the UAW returned to the bargaining table in the morning for a ... |
577267f45f76e918bf310af6ab1af524 | https://www.cnbc.com/2007/09/15/greenspan-criticizes-bush-policies-in-memoir.html | Greenspan Criticizes Bush Policies in Memoir | Greenspan Criticizes Bush Policies in Memoir
Former Federal Reserve Chairman Alan Greenspan sharply criticizes President George W. Bush's administration and Republican congressional leaders in his memoir for putting political imperatives ahead of sound economic policies, several newspapers reported on Friday.
"Little v... |
482b5b8491475caf0c640bd75ac933e1 | https://www.cnbc.com/2007/09/15/microsoft-to-see-eu-court-ruling-on-antitrust-appeal.html | Microsoft to See EU Court Ruling on Antitrust Appeal | Microsoft to See EU Court Ruling on Antitrust Appeal
When Europe's second-highest court rules Monday on Microsoft's appeal of its landmark antitrust conviction, more will be at stake for regulators than just the behavior of the world's largest software company.
Experts say an affirmation of the European Commission's 20... |
cbef152aba85fd8ba59512fb4915367d | https://www.cnbc.com/2007/09/16/bush-to-tap-former-federal-judge-as-attorney-general.html | Bush to Tap Former Federal Judge as Attorney General | Bush to Tap Former Federal Judge as Attorney General
President Bush has settled on Michael B. Mukasey, a retired federal judge from New York, to replace Alberto Gonzales as attorney general and will announce his selection Monday, a source familiar with the president's decision said Sunday evening.
Mukasey, who has hand... |
03adfcaa06c376a33736812936865699 | https://www.cnbc.com/2007/09/16/gm-union-talks-resume-second-day-after-deadline.html | GM, Union Talks Resume Second Day After Deadline | GM, Union Talks Resume Second Day After Deadline
Contract talks between General Motors and the United Auto Workers union resumed late Sunday morning after negotiators talked all day Saturday, a person familiar with the talks said.
Negotiators for both sides adjourned the bargaining session at around 9 p.m. EDT Saturda... |
795ce9ab8de61bd75e21e0f9c3d936f0 | https://www.cnbc.com/2007/09/16/hovnanian-says-weekend-home-sale-a-success.html | Hovnanian Says Weekend Home Sale a Success | Hovnanian Says Weekend Home Sale a Success
Homebuilder Hovnanian Enterprises said its weekend sales blitz on some of its hottest real estate properties was a clear success but exact figures are yet to be determined.
"It has been phenomenally successful," said Doug Fenichel, head of public relations for Hovnanian's Nort... |
08c1fc9094a9b1df414d8d6de30f1da1 | https://www.cnbc.com/2007/09/16/japans-fukuda-is-set-for-landslide-win-in-pm-race.html | Japan's Fukuda Is Set for Landslide Win in PM Race | Japan's Fukuda Is Set for Landslide Win in PM Race
Yasuo Fukuda is the runaway favorite to become Japan's next prime minister, according to a newspaper poll of ruling party lawmakers who will vote for a new leader on Sunday.
The Yomiuri Shimbun survey, released on Monday, showed that 55% of Liberal Democratic Party (L... |
e3a4b782dadfa82eecb1f1ec7b6bcaf2 | https://www.cnbc.com/2007/09/16/newcrest-raises-133-billion-in-institutional-offer.html | Newcrest Raises $1.33 Billion in Institutional Offer | Newcrest Raises $1.33 Billion in Institutional Offer
Australia's Newcrest Mining said on Monday it had raised A$1.586 billion (US$1.33 billion) in an institutional entitlement offer to close out its gold hedge book, sending its shares up as much as 12.5%.
About 96.5% of eligible institutional shareholders took entitlem... |
b739767b5d76d725860543fa91e7d3f6 | https://www.cnbc.com/2007/09/16/oil-search-surges-on-cnpc-5-billion-bid-report.html | Oil Search Surges on CNPC $5 Billion Bid Report | Oil Search Surges on CNPC $5 Billion Bid Report
Shares in Oil Search surged as much as 19.4% on Monday after the South China Morning Post newspaper said a joint venture of China's National Petroleum Corp. was considering a bid of up to US$5 billion for the Australia oil firm.
Oil Search said it had had no formal approa... |
d2b9d560aaf36e0b481626fde4d13b18 | https://www.cnbc.com/2007/09/16/qatar-is-close-to-buying-lse-stake-media-reports.html | Qatar Is Close to Buying LSE Stake: Media Reports | Qatar Is Close to Buying LSE Stake: Media Reports
Qatar's state investment fund is close to buying Nasdaq's 31% stake in the London Stock Exchange Group, newspaper reports said on Sunday.
U.S. exchange Nasdaq has put its LSE stake on the market to boost its chances of buying Nordic exchange operator OMX.
The Sunday Tim... |
d77eab917aeb486e9c2f94086ea52ac3 | https://www.cnbc.com/2007/09/17/adb-raises-2007-growth-forecast-for-asia-to-83.html | ADB Raises 2007 Growth Forecast for Asia to 8.3% | ADB Raises 2007 Growth Forecast for Asia to 8.3%
Asia's developing economies, the fastest growing nations in the world, will expand much more this year than previously expected, but a credit crunch in the West may take a toll in 2008, the Asian Development Bank (ADB) said on Monday.
The Manila-based multilateral agency... |
60cd3490b5e76d8b83cf3537cc497ecd | https://www.cnbc.com/2007/09/17/air-franceklm-eyes-alitalia-iberia-ft.html | Air France-KLM Eyes Alitalia, Iberia: FT | Air France-KLM Eyes Alitalia, Iberia: FT
Air France-KLM, the world's largest airline by revenue, is studying a potential merger with either Italy's Alitalia or Spain's Iberia, the Financial Times reported on Monday.
Air France's chairman and chief executive Jean-Cyril Spinetta said in an interview with the paper the "c... |
04f0be1156c6a3a401fa3ebdd28966ff | https://www.cnbc.com/2007/09/17/already-baked-in.html | As the Dow and S&P 500 jumped 2% this week ahead of next week’s Fed meeting, is it possible the market already got the rate cut rally it has been jonesing for? Futures traders believe with certainly the Fed will cut the target rate at least 5%, but will it even matter for equities?
VIDEO0:0000:00Tomorrow's Headlines #1... | |
14dfc77f1a559b7c07958545a117b7c9 | https://www.cnbc.com/2007/09/17/amerisourcebergen-operating-chief-resigns.html | AmerisourceBergen Operating Chief Resigns | AmerisourceBergen Operating Chief Resigns
Drug distributor AmerisourceBergen on Monday said Kurt Hilzinger resigned as chief operating officer and director to join a private equity firm and will not be replaced.
The company also announced a series of management changes intended to boost efficiency following the recent... |
f4d930ffe41040c2b712bc3a42c1df9a | https://www.cnbc.com/2007/09/17/aol-expands-hp-moves-headquarters-to-new-york.html | AOL Expands HP; Moves Headquarters to New York | AOL Expands HP; Moves Headquarters to New York
AOL, a unit of Time Warner, said Monday that it had expanded its deal with Hewlett-Packardbeyond the United States and was realigning its advertising business.
AOL also said it would move its corporate headquarters to New York City, where its advertising executives are alr... |
1518e46274899d8277ca75e863c68e7a | https://www.cnbc.com/2007/09/17/asian-stocks-close-mostly-lower-china-makes-strong-gains.html | Asian Stocks Close Mostly Lower, China Makes Strong Gains | Asian Stocks Close Mostly Lower, China Makes Strong Gains
Asian stocks finished mostly lower Monday, taking a breather after four straight weeks of gains. The Shanghai Composite Index closed 2% higher and South Korea ended a touch stronger after spending most of the day in negative territory. Australia finished weaker.... |
bd811f98d7ce16288b2b402dc8b060bd | https://www.cnbc.com/2007/09/17/bank-of-spain-says-banks-in-no-need-of-emergency-funds.html | Bank of Spain Says Banks in No Need of Emergency Funds | Bank of Spain Says Banks in No Need of Emergency Funds
The Bank of Spain moved to calm financial markets on Monday, saying no Spanish financial institution had sought emergency financing from the European Central Bank (ECB).
Spanish bank shares were sharply lower after a British newspaper had reported that Adam Applega... |
db4d97827299354d1dee18a8bce6efcb | https://www.cnbc.com/2007/09/17/boise-state-university-and-some-basque-cuisine.html | Boise State University And Some Basque Cuisine | Boise State University And Some Basque Cuisine
What do talking pens, seven out-of-staters, and Basque cuisine all have in common? Boise and the Boise State University Broncos.
It has been 9 months and a few days since Boise State rocked the college football world with its unexpected victory in the Fiesta Bowl over Okla... |
fd8534afa2bf03afb6fb1c5210c25e83 | https://www.cnbc.com/2007/09/17/bonds-dip-as-deeper-cut-seems-less-likely.html | Bonds Dip as Deeper Cut Seems Less Likely | Bonds Dip as Deeper Cut Seems Less Likely
U.S. Treasury debt prices eased on Monday, as investors pared bets for a more aggressive interest rate cut from the Federal Reserve absent any further deterioration in the economy.
Still, uncertainty over what the Fed might signal about the future when policy-makers meet on Tue... |
3e5ade7c802a3c10a18459974b8e0dc1 | https://www.cnbc.com/2007/09/17/business-objects-shares-jump-on-sale-report.html | Business Objects Shares Jump on Sale Report | Business Objects Shares Jump on Sale Report
Shares in Business Objects rose sharply on Monday following a weekend newspaper report that the Franco-American software group was for sale and had retained Goldman Sachs as advisers.
But the shares lost some of their earlier gains as some analysts said a deal looked unlikely... |
b38d8828c61724a172c7d4b8d179e877 | https://www.cnbc.com/2007/09/17/china-confirms-bird-flu-outbreak-in-guangdong.html | China Confirms Bird Flu Outbreak in Guangdong | China Confirms Bird Flu Outbreak in Guangdong
China has confirmed an outbreak of the H5N1 bird flu virus among ducks in an outlying district of the southern metropolis of Guangzhou in Guangdong province, the Agriculture Ministry said.
The ministry said on its Web site (www.agri.gov.cn) late on Monday that 36,130 ducks ... |
798e40631aecb230e0e2b925cc6b30b1 | https://www.cnbc.com/2007/09/17/clintons-health-plan-a-better-prescription-than-93s.html | Clinton's Health Plan: A Better Prescription Than '93's? | Clinton's Health Plan: A Better Prescription Than '93's?
Hillary ClintonAP
Hillary Clinton's new health plan is a sign of how the debate has shifted since 1993. It's universal--the individual mandate she's called for would see to that--but less ambitious in design than the version that crashed and burned during her hus... |
eee81290bc0f7086c0e020d452a4c0e8 | https://www.cnbc.com/2007/09/17/credit-crunch-may-affect-maximum-12-trillion-euros-in-debt.html | Credit Crunch May Affect Maximum 1.2 Trillion Euros in Debt | Credit Crunch May Affect Maximum 1.2 Trillion Euros in Debt
The global credit crunch may force banks to take back up to 1.2 trillion euros ($1.66 trillion) in debt on their balance sheets if investors are unable to refinance it, the Dutch Central Bank (DNB) said on Monday.
Dutch media reported on Saturday that DNB Pres... |
22ff662d2d8da95093c4be91b3acb9fe | https://www.cnbc.com/2007/09/17/crh-in-talks-to-buy-3545-billion-of-cemex-assets.html | CRH in Talks to Buy $3.5-4.5 Billion of Cemex Assets | CRH in Talks to Buy $3.5-4.5 Billion of Cemex Assets
Irish building materials firm CRH is in talks with Cemex to buy U.S. and European assets worth up to $4.5 billion from the Mexican cement maker, the companies said on Monday.
The two firms said the deal was subject to due diligence, shareholder and regulatory approva... |
f72354ba62ec5525a6c1a26e17ec689b | https://www.cnbc.com/2007/09/17/deutsche-telekoms-tmobile-to-buy-suncom-wireless.html | Deutsche Telekom's T-Mobile to Buy SunCom Wireless | Deutsche Telekom's T-Mobile to Buy SunCom Wireless
Deutsche Telekom mobile phone division T-Mobile USA has agreed to buy SunCom Wireless Holdings for about $1.6 billion, the companies said on Monday.
Deutsche Telekom said in a statement it would also take on SunCom debt of almost $800 million and it saw synergies from ... |
0b5f515af3bac4fd289a86413550a2ac | https://www.cnbc.com/2007/09/17/emmys-nice-to-get-but-do-they-matter.html | Emmys: Nice To Get, But Do They Matter? | Emmys: Nice To Get, But Do They Matter?
The Emmys kicked off the awards season last night--worst dressed lists are already up and starlets have begun collecting the season's "gifting suite" loot. The Emmy 'prizes' were doledout to some of the usual suspects--"The Sopranos" team collecting the gold statuettes for 'top d... |
8b35353dc00076c0f81d05a45683d984 | https://www.cnbc.com/2007/09/17/energy-system-needs-overhaul-former-exxon-ceo.html | Energy System Needs Overhaul: Former Exxon CEO | Energy System Needs Overhaul: Former Exxon CEO
America's aging energy infrastructure will require massive investments in order to make much needed efficiency improvements, former Exxon Mobil Chief Executive Lee Raymond said on Monday.
"It's not enough to just look at solar cells or windmills or whatever. You also have ... |
68827d69b68865bbcffc18702ff5d29e | https://www.cnbc.com/2007/09/17/european-stocks-finish-lower-on-banking-woes.html | European Stocks Finish Lower on Banking Woes | European Stocks Finish Lower on Banking Woes
European stocks closed down, with the banking sector the worst hit after shares of battered U.K. mortgage lender Northern Rock sank further.
The London FTSE-100 and Paris CAC-40were sharply lower, while the Frankfurt DAX was nearly flat. The FTSE CNBC Global 300 was also in ... |
ece27146042139f05f20babed1a180a1 | https://www.cnbc.com/2007/09/17/european-stocks-seen-down-as-credit-woes-persist.html | European Stocks Seen Down as Credit Woes Persist | European Stocks Seen Down as Credit Woes Persist
European shares were set to dip in early trade on Monday, adding to Friday's losses, as worries over the impact of a crunch in the credit market remain high despite expectations of a U.S. interest rate cut.
Financial bookmakers, or spread betters, in London expected Brit... |
ea38e497f08b8941540853c99a26b997 | https://www.cnbc.com/2007/09/17/first-data-to-consolidate-data-centers-take-charge.html | First Data to Consolidate Data Centers, Take Charge | First Data to Consolidate Data Centers, Take Charge
First Data Corp. plans to consolidate data centers and shift work overseas as it prepares for its purchase by private equity firm Kohlberg Kravis Roberts, the payment processing company said Monday in a regulatory filing.
KKR is currently negotiating the financing ter... |
863323d91d6216db459f3df36c272abe | https://www.cnbc.com/2007/09/17/fordmicrosoft-sync-is-information-highway-safe.html | Ford/Microsoft Sync: Is 'Information Highway' Safe? | Ford/Microsoft Sync: Is 'Information Highway' Safe?
This morning I'm in Seattle for the roll out Ford's Sync: a software program the automaker developed with Microsoft that will allow you to send and receive text messages through your car while you are driving. In many ways, it's the first true step toward making our c... |
aa0c51af8918927d84bd0c645dba35af | https://www.cnbc.com/2007/09/17/former-ceo-albrecht-finds-life-after-hbo.html | Former CEO Albrecht Finds Life After HBO | Former CEO Albrecht Finds Life After HBO
Since when does scandal stop anyone in Hollywood? It's certainly not stopping HBO's former CEO Chris Albrecht, who was forced to resign from the top spot after he was arrested and charged with assaulting his girlfriend in a Las Vegas hotel parking lot. Oh, and back in 1991 HBO p... |
5fdbb3e5d9f43997749c798a8adb754a | https://www.cnbc.com/2007/09/17/gmuaw-talks-why-agreement-may-take-a-while.html | GM/UAW Talks: Why Agreement May Take A While | GM/UAW Talks: Why Agreement May Take A While
AP
This afternoon negotiators for GM and the UAW resumed talksto iron out a new contract. Despite the growing sense in Detroit that the two sides are close to deal, it may be while before we see an agreement in principal. Why?
It comes down to making sure the numbers work fo... |
bb9d93149f5a972982870d0f77b35216 | https://www.cnbc.com/2007/09/17/goldman-may-part-ways-with-partner-in-china-wsj.html | Goldman May Part Ways with Partner in China: WSJ | Goldman May Part Ways with Partner in China: WSJ
Goldman Sachs and its investment banking partner in China may part ways, potentially raising questions about future control of the Wall Street firm's business there, the Wall Street Journal reported on Monday.
Fang Fenglei, chairman of a joint venture called Goldman Sach... |
e0c23a2516faf732d42fe138d605e477 | https://www.cnbc.com/2007/09/17/goldman-sachs-forecasts-crude-to-hit-85-by-yearend.html | Goldman Sachs Forecasts Crude to Hit $85 By Year-End | Goldman Sachs Forecasts Crude to Hit $85 By Year-End
Goldman Sachs on Monday forecast U.S. oil prices will surge to $85 by the end of the year, and said crude could climb as high as $90 due to tight supplies.
Oil Pipeline
Their estimate was $13 higher than its previous forecast, and came after oil's rally to a record h... |
24452cd59b1325cf47c5f2afc5c65147 | https://www.cnbc.com/2007/09/17/greenspan-fed-couldnt-stop-housing-bubble.html | Greenspan: Fed Couldn't Stop Housing Bubble | Greenspan: Fed Couldn't Stop Housing Bubble
Former Federal Reserve Chairman Alan GreenspanAP
The Federal Reserve tried to curb the explosive growth in the U.S. housing sector under Alan Greenspan's tenure, but each time it tried to raise long-term interest rates it failed, the former Fed chief said.
"In 2004 we tried t... |
e66cc20ef7c48417eaf6073d44a9bcdc | https://www.cnbc.com/2007/09/17/greenspan-gives-democrats-an-economic-boost.html | Greenspan Gives Democrats An Economic Boost | Greenspan Gives Democrats An Economic Boost
Alan Greenspan may call himself a libertarian Republican, but his new bookprovides a major credibility boost for Democrats on economic policy.
The first, and less surprising, blow came in his criticism of the Bush-era spending excesses. Many conservative Republicans have long... |
5ea99b35ab455a127a7bd13a64abc522 | https://www.cnbc.com/2007/09/17/greenspan-speak-dominates-news.html | Greenspan "Speak" Dominates News | Greenspan "Speak" Dominates News
Credit worries once more haunt world markets, but frankly, the only headlines that matter are the ones that will be released by the Fed tomorrow afternoon.
The big story of today though is what former Fed Chairman Alan Greenspan is saying."Greenspan breaks 18 years of silence," says CNB... |
a01b965bec30fd05ef5bc5a86a38a5ba | https://www.cnbc.com/2007/09/17/holiday-retail-hiring-seen-minimal-challenger-says.html | Holiday Retail Hiring Seen Minimal, Challenger Says | Holiday Retail Hiring Seen Minimal, Challenger Says
Retailers will likely hire fewer workers for this holiday season than they have since 2001 as many worry that consumers will spend less on holiday shopping, an outplacement firm said Monday.
Retailers are expected to add a minimal number of seasonal employees for the ... |
7f72cd9ef8a35f9362ce1551e5206e1f | https://www.cnbc.com/2007/09/17/hovnanian-numbers-in-why-the-media-blame-game.html | Hovnanian Numbers In: Why The Media Blame Game? | Hovnanian Numbers In: Why The Media Blame Game?
Ok well I guess the jury is in and the court finds in favor of Hovnanian Enterprises . (See previous post ) The company issued a press release this afternoon saying they had gross sales of 2,100 homes over the weekend: that's 1,700 contracts with 400 deposits.
Apparently ... |
b5320dc24032113ee245169d306b3e92 | https://www.cnbc.com/2007/09/17/hovnanian-sells-more-than-2100-homes-during-weekend-blitz.html | Hovnanian Sells More Than 2,100 Homes During Weekend Blitz | Hovnanian Sells More Than 2,100 Homes During Weekend Blitz
Hovnanian Enterprises said it sold more than 2,100 homes during its weekend sales campaign which saw prices slashed as much as 25% on some luxury homes.
"All in all, the campaign was a huge success," said CEO Ara Hovnanian, in a prepared statement released Mond... |
5083db56364535b3438416fe22d719e1 | https://www.cnbc.com/2007/09/17/hovnanians-fire-sale-fanning-the-flames-of-home-buyers.html | Hovnanian's Fire Sale: Fanning The Flames Of Home Buyers? | Hovnanian's Fire Sale: Fanning The Flames Of Home Buyers?
I don’t have any real numbers from Hovnanian yet, but the spin abounds. The head of PR for the homebuilder’s Northeast region claims it was a huge success, thousands of people visited homes and one area at least sold out. Again, I have no real numbers, and Hovna... |
d61186d0293cdb10d30dcdf9362a6498 | https://www.cnbc.com/2007/09/17/infospace-to-sell-assets-to-idearc-for-225-million.html | InfoSpace to Sell Assets to Idearc for $225 Million | InfoSpace to Sell Assets to Idearc for $225 Million
Idearc said Monday it is purchasing Switchboard.com and other online directory assets from InfoSpace for $225 million in cash.
The transaction will be financed through a mix of cash and borrowings under Idearc's existing credit facility and is expected to add to cash ... |
2daf9c3f02ed9fde39a77c5289531f97 | https://www.cnbc.com/2007/09/17/itt-to-buy-electronics-maker-edo-for-17-billion.html | ITT to Buy Electronics Maker EDO for $1.7 Billion | ITT to Buy Electronics Maker EDO for $1.7 Billion
ITT, an aerospace and defense company, said Monday it would buy defense electronics maker EDO for about $1.7 billion to bolster the defense component of its business.
The deal, which includes about $120 million in debt, is not expected to affect ITT's earnings in 2008,... |
1f24bfe760aa941c0fd421976d0e143b | https://www.cnbc.com/2007/09/17/japan-ldp-supporters-favor-fukuda-for-next-leader.html | Japan LDP Supporters Favor Fukuda for Next Leader | Japan LDP Supporters Favor Fukuda for Next Leader
Former cabinet minister Yasuo Fukuda appears a shoo-in to become Japan's next prime minister after a poll showed on Tuesday that most rank-and-file supporters of the ruling party -- like lawmakers -- backed him for the job.
The 71-year-old has emerged as the clear front... |
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