Warning on new state pension plan

More final salary pension schemes may be closed because of the new national pension plan, actuaries warm.
Source: BBC News | Business | World Edition | 2 Jan 2008 | 12:05 pm

Stocks set to welcome new year

Wall Street traders are set to start returning to work Wednesday, and they'll have no shortage of economic readings to sift through on the first trading day of 2008.

Source: Business and financial news - CNNMoney.com | 2 Jan 2008 | 11:54 am

Merger talk lifts European stocks

Europe's leading exchanges turned largely higher in opening deals with the banking sector grabbing the spotlight amid reports that Spain's Santander does not rule out resuming takeover negotiations with UK mortgage bank Alliance & Leicester.

Source: Business and financial news - CNNMoney.com | 2 Jan 2008 | 11:51 am

PHH ends deal with GE, Blackstone

NEW YORK (Reuters) - Mortgage and vehicle fleet company PHH Corp said on Tuesday it terminated its nearly $2 billion sale to General Electric Co and Blackstone, after the private equity firm failed to obtain required financing for the deal.

Source: Reuters: Business News | 2 Jan 2008 | 11:49 am

Call for action as Kenya death toll tops 300

The US and Britain called for political action to end violence in Kenya as the death toll rose to more than 300 in clashes between supporters of President Mwai Kibaki and opposition leader Raila Odinga.
Source: FT.com - US homepage | 2 Jan 2008 | 11:42 am

A&L shares up on takeover report

Shares in Alliance & Leicester jump 14% on reports it has held talks about a takeover by Spanish bank Santander
Source: BBC News | Business | World Edition | 2 Jan 2008 | 11:30 am

Kenya violence unsettles markets

Kenya's currency and stocks fall amid violent protests against the outcome of Kenya's presidential election.
Source: BBC News | Business | World Edition | 2 Jan 2008 | 11:27 am

Singapore Airlines bid hits turbulence

Read full story for latest details.

Source: Business and financial news - CNNMoney.com | 2 Jan 2008 | 11:19 am

Plug is pulled on Blackstone deal

A $1.8bn deal involving Blackstone collapses after the private equity firm fails to raise the funds.
Source: BBC News | Business | World Edition | 2 Jan 2008 | 11:14 am

Qualcomm says new compliant chipsets ready

NEW YORK (Reuters) - Wireless chip maker Qualcomm Inc. said on Wednesday new chipsets, designed to comply with a court's patent infringement ruling, were now available and expected to be in handsets before the end of March.

Source: Reuters: Business News | 2 Jan 2008 | 11:12 am

Oil tops $96 a barrel on supply worries

Read full story for latest details.

Source: Business and financial news - CNNMoney.com | 2 Jan 2008 | 11:11 am

PHH's $1.7B deal to be sold falls apart

PHH Corp. said Tuesday that it has given a notice of termination to General Electric Capital Corp., a unit of General Electric Co., of their merger agreement of March 15, between the PHH and GECC.

Source: Business and financial news - CNNMoney.com | 2 Jan 2008 | 11:07 am

Qualcomm says new compliant chipsets ready (Reuters)

Reuters - Wireless chip maker Qualcomm Inc. said on Wednesday new chipsets, designed to comply with a court's patent infringement ruling, were now available and expected to be in handsets before the end of March.

Source: Yahoo! News: Business | 2 Jan 2008 | 11:02 am

Web2.0 faces 'users' revolt' over advertising

A slew of Web2.0 companies will dissolve this year in the face of a "users' revolt" against online advertising, industry expert Mark Anderson has warned.
Source: Telegraph Business | 2 Jan 2008 | 11:00 am

Qualcomm: Ruling to have immediate impact

Qualcomm Inc. (QCOM), the San Diego producer of digital-communication technologies, Wednesday said it expects an "immediate, short-term impact" on the company from a federal judge's order that it stop marketing certain of its products.

Source: Business and financial news - CNNMoney.com | 2 Jan 2008 | 10:54 am

Xstrata's mine raided by rebels

Communist rebels in the Philippines attack a large mining project majority owned by Xstrata.
Source: BBC News | Business | World Edition | 2 Jan 2008 | 10:48 am

China says "ni hao" to copper-rich Chile

VINA DEL MAR, Chile (Reuters) - Xiao Qiong, 28, stares intently at a group of Chilean teenagers, smiles and says with conviction: "Ni hao!"

Source: Reuters: Business News | 2 Jan 2008 | 10:47 am

Stocks headed for weaker start (Reuters)

Reuters - Stocks looked set to open lower on Wednesday, with the focus on economic data for clues about the outlook for growth and the Federal Reserve's next monetary policy move.

Source: Yahoo! News: Business | 2 Jan 2008 | 10:46 am

Stocks headed for weaker start

FRANKFURT (Reuters) - Stocks looked set to open lower on Wednesday, with the focus on economic data for clues about the outlook for growth and the Federal Reserve's next monetary policy move.

Source: Reuters: Business News | 2 Jan 2008 | 10:46 am

Wall St will ignite, but not before more pain

Relief comes. A reflation rally ignites Wall Street and global bourses late this year, but first we do penance for leveraged excess.
Source: Telegraph Business | 2 Jan 2008 | 10:45 am

2008 outlook: Fasten your seatbelts

Wall Street's top forecasters have some good news and bad news for 2008. Many think stocks will head higher but that unemployment will rise and the overall economy will slow.

Source: Business and financial news - CNNMoney.com | 2 Jan 2008 | 10:23 am

Energy and the presidential race

Where the leading candidates stand on everything from a gas tax to drilling in the Arctic National Wildlife Refuge.

Source: Business and financial news - CNNMoney.com | 2 Jan 2008 | 10:17 am

Growth in UK manufacturing slows

Worries about the credit crunch led to slower growth in UK manufacturing last month, industry figures show.
Source: BBC News | Business | World Edition | 2 Jan 2008 | 10:15 am

Singapore's economy contracts: official data (AFP)

AFP - Singapore's economy shrank in the fourth quarter of 2007 as manufacturing growth shuddered to a near halt, official data showed Wednesday, raising concerns about the Asian impact of US economic woe.

Source: Yahoo! News: Business | 2 Jan 2008 | 9:47 am

IBM to hold Israel news conference after XIV reports (Reuters)

Reuters - International Business Machines Corp said it will hold a news conference in Tel Aviv on Wednesday afternoon but gave no details on what it would address.

Source: Yahoo! News: Business | 2 Jan 2008 | 9:23 am

IBM to hold Israel news conference after XIV reports

TEL AVIV (Reuters) - International Business Machines Corp said it will hold a news conference in Tel Aviv on Wednesday afternoon but gave no details on what it would address.

Source: Reuters: Business News | 2 Jan 2008 | 9:23 am

OMX says board recommends Borse Dubai offer

STOCKHOLM (Reuters) - OMX said on Wednesday its board had unanimously recommended a takeover bid by Borse Dubai, which had teamed up with U.S. firm Nasdaq to purchase the Nordic and Baltic exchange owner.

Source: Reuters: Business News | 2 Jan 2008 | 8:47 am

Ferrovial says no rush to refinance BAA buy: report

LONDON (Reuters) - Spanish infrastructure group Ferrovial is in no rush to refinance the 10 billion pounds ($20.05 billion) of debt taken on to buy British airports operator BAA, the Financial Times reported on Wednesday.

Source: Reuters: Business News | 2 Jan 2008 | 8:42 am

Ferrovial says no rush to refinance BAA buy: report (Reuters)

Reuters - Spanish infrastructure group Ferrovial is in no rush to refinance the 10 billion pounds ($20.05 billion) of debt taken on to buy British airports operator BAA, the Financial Times reported on Wednesday.

Source: Yahoo! News: Business | 2 Jan 2008 | 8:33 am

Alliance & Leicester shares jump on bid hopes

Shares in Alliance & Leicester jumped almost 10pc in morning trading after the Daily Telegraph reported that mortgage bank held takeover talks with Grupo Santander, the Spanish owner of Abbey National.
Source: Telegraph Business | 2 Jan 2008 | 8:10 am