The Editor on April 21st, 2008
Wall St opens higher on energy
NEW YORK (Reuters) - Stocks opened higher on Tuesday as rising oil prices boosted energy shares and investors awaited factory and services data for a fresh snapshot of the recession-hit economy.
(read more)Toyota orders 11-day output halt as sales slump
TOKYO (Reuters) - Toyota Motor Corp is to halt production at its Japanese plants for 11 days in February and March as a sharp slide in U.S. sales has left dealers' lots full of unsold cars.
(read more)Logitech to slash jobs, withdraws targets
ZURICH (Reuters) - Logitech International SA , the world's largest computer mouse maker, said it plans to cut 15 percent of its salaried workforce and withdrew its fiscal 2009 financial targets, citing deepening global recession.
(read more)Dow Chemical to pursue legal action against Kuwait
MUMBAI (Reuters) - Dow Chemical Co said on Tuesday that it would pursue legal and other options to fulfill rights under its agreement with Petrochemical Industries Co of Kuwait.
(read more)Oil up to over $50 on Russia gas, Mideast
LONDON (Reuters) - Oil hit a one-month high above $50 a barrel on Tuesday as Israel's incursion into Gaza and a dispute between Russia and Ukraine over natural gas heightened concern about supply disruptions.
(read more)CBS and Time Warner reach fresh broadcast deal
NEW YORK (Reuters) - Time Warner Cable extended a deal to carry CBS Corp's television stations, CBS said on Tuesday, avoiding what could have been another heated industry dispute.
(read more)Tech companies will stick to safe deals in '09
SAN FRANCISCO (Reuters) - Technology companies may have wooed rivals with alluring, pricey buyout offers in 2008, but this year, nothing says sexy like safe deal-making.
(read more)Prosecutors seek to jail Madoff
NEW YORK/WASHINGTON (Reuters) - U.S. prosecutors asked a judge to jail accused swindler Bernard Madoff on Monday, saying he sent jewelry and other items worth more than $1 million to family and friends in violation of his bail.
(read more)Best Buy offers used iPhones at lower price
ATLANTA (Reuters) - Retailer Best Buy Co, seeking new ways to appeal to cost-conscious shoppers, said on Tuesday it is selling refurbished versions of Apple Inc's iPhone 3G at its stores that are priced about $50 less than new iPhones.
(read more)Volkswagen shares gain as Porsche gets majority
FRANKFURT (Reuters) - Shares in Volkswagen traded higher on Tuesday, pacing European auto stocks, following news late on Monday that Porsche SE raised its voting stake in the world's third-largest carmaker to a majority.
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