June consumer confidence rises while existing home sales fall
The Conference Board reports June consumer confidence at 105.7, up from 104.7 in May, amid worries of an August Fed rate rise. Existing home sales in May drop for the third time in five months, signaling a soft landing for housing. Analysts cite resilience but a still-elevated inflation fight and possible tighter credit policy.
MENTIONED IN THIS ARTICLE
New York
Federal Reserve
Stuart Hoffman
PNC Financial Services Group
Fed
Conference Board
Gulf of Mexico
Lynn Franco
Conference Board Consumer Research Center
Honda picks Indiana for new North American plant
Honda Motor Co plans an eastern Indiana site for a major North American auto plant, aiming for 1,500 jobs and 200,000 vehicles yearly with a 2008 completion target. Officials from Honda and Indiana confirm only noncommittal statements while Greensburg prepares a morning news conference.
MENTIONED IN THIS ARTICLE
Indianapolis
Honda Motor Co
Indiana
Honda
Columbus Dispatch
Ohio
Greensburg
Ind
Honda of America
Marysville
Ed Miller
Jeffrey Smith
American Honda
Associated Press
Tokyo
Nori Ishii
Mitch Daniels
Asia
Jane Jankowski
Michigan
Illinois
Wisconsin
Microsoft launches Office preview
Microsoft Corp launches an online preview of its new Office suite as it markets the software ahead of its 2007 release. Early consumer availability is planned for next year with corporate customers to receive the suite in November.
MENTIONED IN THIS ARTICLE
Redmond
Wash
Microsoft Corp
Microsoft
Intel Unveils Xeon 5100 Server Chip in Bid to Regain Lead
Intel Corp introduces the Xeon 5100, a new server processor aimed at reclaiming share from AMDs Opteron. The chip reportedly doubles performance of prior Intel tops while using about 40 percent less power under a fresh microarchitecture designed to cut energy use in servers and PCs. CEO level comments emphasize restored leadership, amid rising data center energy costs.
MENTIONED IN THIS ARTICLE
INTEL
San Francisco
Intel Corp
Advanced Micro Devices Inc
AMD
Tom Kilroy
Santa Clara
GM to offer zero percent deals across most GM models
GM said it will briefly reintroduce incentives with zero percent financing for up to six years on most Chevrolet Buick Pontiac and GMC models starting Thursday through July 5 as it faces slower US sales and higher interest rates. The move follows January price cuts and comes as Ford and Chrysler match incentives to avoid market share losses.
MENTIONED IN THIS ARTICLE
Detroit
General Motors Corp
Chevrolet
Buick
Pontiac
GMC
Automaker
Ford
Chrysler
Paul Ballew
Paul Sandyajap
Dodge
Michigan State Fairgrounds
DaimlerChrysler
Chrysler Group
Intel sells handheld chip unit to Marvell for 600 million
Intel agrees to sell its handheld processors division to Marvell Technology for 600 million in cash. The move lets Intel focus on PCs and servers, as rivals like Texas Instruments and Qualcomm dominate handheld chips. Marvell shares fell while AMD pressed its PC and server processor bets.
MENTIONED IN THIS ARTICLE
Intel
Marvell
San Francisco
Intel Corp
Marvell Technology Group Ltd
Communica
Texas Instruments Inc
Qualcomm Inc
Advanced Micro Devices Inc
Santa Clara
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Jason Djfmams
Flag & Banner
Permian Basin
McCreless Co
Gran
Odessa
DaimlerChrysler AG
Mark LaNeve
North America
Texas Instruments
Rebecca
Lothi
W. Cuthbert Ste
Midland, TX
Midland
Fairgrounds Road
Fairgrounds
Golf Course Rd
Medicare
J.G. Wentworth
Yountu Appear
Iasi EY
Alain Andrews
PN Iy
PU Racer
Ome CC
Bk Bel Te
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