Sales of existing homes fell for the seventh time in nine months
Jun. 27, 2006

Sales of existing homes fell for the seventh time in nine months in May as interest rates rose, but U.S. consumers'' mood has since brightened a bit.

Dow fell more than 100 points on higher interest rates expectation
Media Release
Dow fell more than 100 points as better-than-expected reports on consumer confidence and the housing market raised interest-rate jitters ahead of the Fed meeting. GM slid nearly 6%.
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The war of influence starts - US will press China to reform and open up its domestic financial system : new US Treasury Secretary
Media Release
Hank Paulson, the former chief executive of Goldman Sachs nominated by President George W Bush to be the new US Treasury Secretary, set the stage for a possible shift in US China policy at his Senate confirmation hearing on Tuesday.
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A consortium of private equity groups has agreed to buy Univision
Media Release
consortium of private equity groups has agreed to buy Univision, the US Spanish-language broadcasting company, for $12.3bn in cash, in a buy-out structured with an aggressive financing package.
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Johnson & Johnson said Monday it is buying Pfizer Inc.'s consumer health care unit for $16.6 billion
Media Release
Johnson & Johnson said Monday it is buying Pfizer Inc.'s consumer health care unit for $16.6 billion in a nearly all-cash deal that strongly boosts J&J's smallest division.
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Central banks will have to move faster to raise interest rates because global inflationary pressures are rising
Media Release
...the economy remains vulnerable to a bang of market turbulence
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New sources of ethanol are required to meet the U.S. demand for energy - Corn is not the answer: Chevron CEO
Media Release
Fifteen percent of the corn crop today goes into fuel, but it's only 2 percent of the fuel
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Berkshire Hathaway fortune, worth well over $40 billion going to Bill & Melinda Gates Foundation
Media Release
Within months, he said, he would begin to give away his Berkshire Hathaway fortune, worth well over $40 billion. Most of it is going to the Bill & Melinda Gates Foundation, he said.
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Oil prices rose this week, while metal prices fell
Media Release
Oil rises on Norwegian strike fears
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Lakshmi Mittal, the billionaire Indian steel tycoon considers raising Arcelor bid
Media Release
Lakshmi Mittal, the billionaire Indian steel tycoon, was Wednesday night weighing up whether to increase his company's €25.8bn ($32.7bn) offer for Arcelor...
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