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The Cody Blog: The Cody News (July 5, 2005)

Tuesday, July 05, 2005

The Cody News (July 5, 2005)

Wal-Mart unit Asda cuts 1,400 jobs UPDATE
Forbes - 27 minutes ago
LONDON (AFX) - Britain's second biggest grocer Asda, a unit of US giant Wal-Mart Stores Inc, is to axe 1,400 jobs in an attempt to boost earnings after it lost customers to market leader Tesco PLC. The company ...
Walmart appears to be facing a major backlash from a grassroots disgust of the company's aggressive (and crony) actions.

Options players lay bets on oil at $80 a barrel
Globe and Mail - 7 hours ago
By ALEJANDRO BARBAJOSA. Buyers are betting that oil prices could climb to $80 (US) a barrel this year, according to options contracts on the New York Mercantile Exchange. That pessimism is based on concern ...
Wasn't the time to bet on oil when it was at $30 just a year or so ago? Momentum hounds dominating the oil market.

Bush won't sign Kyoto - It would "wrecked" US economy
EITB - 37 minutes ago
Bush describes climate change as "a significant, long-term issue that we've got to deal with" and acknowledged that human activity is "to some extent" to blame. President George W. Bush begins his fourth trip ...
Had to flag this one just because of the grammar mistake in the title.


Anonymous Anonymous said...

I'm not really liking it either but I think that the mo-mo'ers will make $80 a reality.

Thank goodness for Apple, F5 and the Googster.

7/05/2005 08:57:00 PM  

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