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Archive for August 7th, 2007
Posted in Daily Updates News on Aug 7th, 2007
NEW YORK (Reuters) - Despite such speedy-sounding names as “Full Throttle,” “Amp” and “Rush,” energy drinks pack a punch that is generally no stronger than coffee, according to a report released on Monday.
A comparison of 12 popular energy drinks, published in the September issue of Consumer Reports, found that the caffeine in 8 ounces [...]
Posted in Daily Updates News on Aug 7th, 2007
The Federal Reserve reported Tuesday that consumer credit rose at an annual rate of 6.5 percent in June. It marked the second straight sizable gain. Consumer credit rose by an even larger 7.9 percent in May.
The increase was led by an 8.4 percent rate of increase for revolving credit, the category that includes credit card [...]
Posted in Daily Updates News on Aug 7th, 2007
WASHINGTON - The productivity of American workers rebounded in the spring while wage pressures eased, favorable economic developments that analysts worried might prove only temporary.
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The Labor Department reported Tuesday that worker efficiency rose at an annual rate of 1.8 percent in the April-June quarter, more than double the 0.7 percent pace of the first three [...]
Posted in Daily Updates News on Aug 7th, 2007
SAN FRANCISCO - Former Brocade Communications Systems Inc. CEO Gregory Reyes was convicted Tuesday of defrauding investors in the first stock options backdating case to go to trial.Â
The guilty verdict on all counts is an important validation of the Justice Department’s options backdating probe, which has so far led to criminal charges against at least [...]