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Thursday, May 22, 2008
   
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Business


WPP CEO on rise of online ads
Thursday, 22 May 2008
Chief Executive of the world's second-largest ad company Martin Sorrell sees internet advertising outpacing television advertising in the UK. Though advertisers are increasingly trying to reach consumers online, the pace of the shift is being slowed by media fragmentation says Sorrell. Reuters European Technology Correspondent Matt Cowan reports.
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Oil tops $135 per barrel
Thursday, 22 May 2008
As oil continues its upward rise airlines feel the pinch of soaring fuel bills. * Airlines hit as soaring fuel bills squeeze profits * Oil jumps above $135 * EC launches probe against Gaz de France * UN expects bumper harvests but food prices to remain high * French strike over pensions
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Labor Market Remains Weak
Thursday, 22 May 2008
Lehman Brothers economist Zach Pandl speaks to MarketWatch's Steve Gelsi about the dip in weekly jobless claims, noting that the overall labor market is still weaker than a year ago. (May 22)
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Markets Weigh the Data
Thursday, 22 May 2008
05/22/08 Little action on Wall Street as a drop in home prices offsetts a drop in jobless claims.
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Unemployment drops as oil rises. Retail profits rise slightly.
Thursday, 22 May 2008
There were fewer people in the unemployment line last week, Investors watch to see if the surge in oil continues;tighter inventory helped Ann Taylor and New York & Co. meet estimates; and Barnes and Noble reports a wider loss for the quarter; after the bell, software company CA is expected to report 30 cents a share. Kelsey Hubbard reports.
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