| Ryanair Warns of 'Perfect Storm' Ryanair reported a flat net profit and warned that its outlook for the peak summer season was poor, citing high oil costs and fears of recession across Europe. Shares fell 15%. online.wsj.com |
Worries Grow for Worse 'Stagflation' WASHINGTON (AP) -- It's a toxic economic mix the nation hasn't seen in three decades: Prices are speeding upward at the fastest pace in a quarter century, even as the economy loses steam.... hosted.ap.org |
Oil prices surpass 110 U.S. dollars Oil hovered around a record high of 110 U.S. dollars a barrel Wednesday with a tumbling U.S. dollar, fund flows and OPEC's reluctance to pump extra crude providing support. Oil prices jumped from less than dollars 70 to over 110 dol ... english.people.com.cn |
Shell, AT&T ink 5-year service deal worth $4 bln Europe's largest oil company announced Monday it signed a technology service contract with America's AT&T, Electronic Data Systems Corp. and a division of Deutsche Telekom AG worth nearly 4 billion U.S. dollars during the next five years. ... english.people.com.cn |
Dollar's plunge becoming lynchpin in 1Q earnings NEW YORK (AP) -- The dollar's plunge might be preventing Americans from taking that European vacation this summer, but it could be the very thing saving their 401(k)s from buckling.... hosted.ap.org |