Imation outlook down on costs to shut Calif. plant Removable data storage manufacturer Imation Corp. said Tuesday it expects lower profits during the rest of 2008 largely because of charges from the closing of a California plant. 22 Jul 2008
672.
Possible shutdown of Navajo Internet is postponed The Navajo Nation has temporarily averted having its Internet services shut down, a tribal official said Monday. SES Americom, which provides bandwidth for the services, had threatened to halt service by noon Tuesday if the company was not paid for services rendered. However, the company informed Navajo officials Monday night that it had decided not to shut down services until Aug. 1. 22 Jul 2008
673.
France sees inflation coming down French Finance Minister Christine Lagarde said Tuesday she expects the inflation rate to start falling in the months ahead as the economy absorbs last year's rise in fuel and food prices. 22 Jul 2008
674.
Norsk Hydro 2Q profits down 87 percent Aluminum and energy group Norsk Hydro ASA on Tuesday said its profits dropped 87 percent in the second quarter on falling sales and higher costs. Net profit was 786 million kroner ($155 million), down from 5.95 billion kroner in the same quarter last year. 22 Jul 2008
675.
China stocks mixed; refiners down Chinese stocks had a mixed performance Tuesday as refiners and airlines fell on worries about oil prices and other major issues were largely unchanged. 22 Jul 2008
676.
Dow Jones takes traders by surprise… Sandy Jadeja is Chief Market Strategist for ODL Markets and founder of www.Spreadbettingtowin.com where he teaches low risk trading strategies and money management. 22 Jul 2008
677.
Ericsson: 2Q profit down 70 percent Sweden's LM Ericsson on Tuesday posted a 70 percent plunge in second-quarter profits, mainly citing recent acquisitions and high development and restructuring costs. 22 Jul 2008
678.
Forex and Dow Jones recommended levels EUR/USD
Today’s support: - 1.5907, 1.5871, 1.5840 and 1.5817(main), where correction is possible. Break would give 1.5806, where correction 21 Jul 2008
679.
Dollar Falls on Concerns a Slowdown in U.S. Growth May Deepen The EUR USD traded mostly steady throughout the day until American Express announced that profits had decreased 37 percent. This news rekindled concerns that a slow down in U.S. growth may deepen as more consumers defaulted on loans. Also helping boost the Euro was a stronger oil complex. 21 Jul 2008
680.
Possible shutdown of Navajo Internet pushed back The Navajo Nation has temporarily averted having its Internet services shut down, a tribal official said Monday. SES Americom, which provides bandwidth for the services, had threatened to halt service by noon Tuesday if the company was not paid for services rendered. However, the company informed Navajo officials Monday night that it had decided not to shut down services until Aug. 1. 21 Jul 2008