Bear's stock in focus amid talk of CEO shake-up
Add Bear Stearns (BSC) to the list of Wall Street firms shuffling top management as the mortgage crisis drags on.Source: Business and financial news - CNNMoney.com | 8 Jan 2008 | 11:56 am
Starbucks replaces chief executive
Read full story for latest details.Source: Business and financial news - CNNMoney.com | 8 Jan 2008 | 11:53 am
AmEx gets CEO pay right
Through a rare alignment of the planets, the subject of CEO pay may get extremely hot in a few months. If it does, I'd advise four key groups - CEOs, board members, government officials, and presidential candidates - to study the remarkable grant of stock options that American Express's board recently gave CEO Ken Chenault. Members of all those groups have made stupid pay-related moves in the past, and here's a lesson in how to avoid doing so again: Chenault's new pay package is a model for how to smartly incentivise a CEO.Source: Business and financial news - CNNMoney.com | 8 Jan 2008 | 11:51 am
Stocks set to open higher, Bear Stearns eyed
LONDON (Reuters) - Stock index futures indicated a stronger start on Wall Street on Tuesday, taking a cue from a rise in European shares and base and precious metal prices.Source: Reuters: Business News | 8 Jan 2008 | 11:45 am
Bush tax cut guru: Recession likely
Martin Feldstein, the Harvard economist credited with being one of the fathers of the Bush administration tax cuts, says the U.S. economy is now likely to slip into a recession, and that avoiding one will take a new round of tax cuts and interest rate cuts from the Federal Reserve.Source: Business and financial news - CNNMoney.com | 8 Jan 2008 | 11:41 am
Wall Street looks to the Fed
U.S. stock futures advanced early Tuesday after a lackluster session, although ongoing fears about a recession and a rise in crude prices could crimp any opening gains.Source: Business and financial news - CNNMoney.com | 8 Jan 2008 | 11:38 am
Microsoft bids $1.2 billion for Norway's Fast (Reuters)
Reuters - Microsoft Corp has offered to buy Norwegian Internet-search software firm Fast Search & Transfer for 19 crowns per share, valuing it at about $1.2 billion, the companies said on Tuesday.Source: Yahoo! News: Business | 8 Jan 2008 | 11:34 am
Microsoft bids $1.2 billion for Norway's Fast
OSLO (Reuters) - Microsoft Corp has offered to buy Norwegian Internet-search software firm Fast Search & Transfer for 19 crowns per share, valuing it at about $1.2 billion, the companies said on Tuesday.Source: Reuters: Business News | 8 Jan 2008 | 11:34 am
China Eastern shareholders reject Singapore Air deal
SHANGHAI/HONG KONG (Reuters) - China Eastern Airlines shareholders rejected a deal to sell a 24 percent stake to Singapore Airlines for US$920 million, opening the door for bigger rival Air China to make a play for the country's third-largest carrier.Source: Reuters: Business News | 8 Jan 2008 | 11:30 am
Sharp aims to boost profit by 10 percent in 2008/09
TOKYO (Reuters) - Sharp Corp said on Tuesday it aims for 10 percent profit growth in the year starting in April as it brings forward a planned capacity expansion at its flagship LCD panel plant and drives LCD TV sales in China.Source: Reuters: Business News | 8 Jan 2008 | 11:27 am
Festive sales 'at three-year low'
UK retailers had their worst Christmas since 2004, according to the British Retail Consortium (BRC).Source: BBC News | Business | World Edition | 8 Jan 2008 | 11:11 am
Microsoft to buy Fast search firm
Microsoft offers to buy the Norwegian search software company Fast Search & Transfer for $1.2bn (£607m).Source: BBC News | Business | World Edition | 8 Jan 2008 | 11:11 am
S&N outlines £100m benefits of BBH
S&N outlines £100 benefits of BBHSource: Telegraph Business | 8 Jan 2008 | 11:10 am
Glitzy Golden Globes ceremony scrapped
Read full story for latest details.Source: Business and financial news - CNNMoney.com | 8 Jan 2008 | 11:06 am
China Eastern shareholders reject Singapore Air deal (Reuters)
Reuters - China Eastern Airlines (0670.HK) shareholders rejected a deal to sell a 24 percent stake to Singapore Airlines for US$920 million, opening the door for bigger rival Air China (0753.HK) to make a play for the country's third-largest carrier.Source: Yahoo! News: Business | 8 Jan 2008 | 11:00 am
Microsoft offers $1.2bn for search group
Microsoft has extended its internet search capabilities with the $1.2bn acquisition of Fast Search & Transfer, a Norwegian search companySource: FT.com - US homepage | 8 Jan 2008 | 10:59 am
Ford plans $500M expansion in India
Read full story for latest details.Source: Business and financial news - CNNMoney.com | 8 Jan 2008 | 10:57 am
Paulson defends 'freeze' plan
Treasury Secretary Henry Paulson used a speech Monday to defend the Bush Administration's plan to "freeze" mortgage rates for some subprime borrowers and also to call on Congress to pass legislation to head off a housing crisis.Source: Business and financial news - CNNMoney.com | 8 Jan 2008 | 10:45 am
House price inflation falls again
House price inflation fell sharply at the end of last year, according to the Halifax bank.Source: BBC News | Business | World Edition | 8 Jan 2008 | 10:26 am
Retail round-up: Updates from Jessops, John Lewis, Topps Tiles & Dunelm
Jessops, the struggling photographic retailer, said today that like-for-like sales over Christmas were slightly higher than the year before.Source: Telegraph Business | 8 Jan 2008 | 10:00 am
China Eastern rebuff to Singapore
Singapore Airlines' offer to buy a stake in China Eastern Airlines is rejected by a shareholders' vote.Source: BBC News | Business | World Edition | 8 Jan 2008 | 9:53 am
Indian shares hit intraday record
India's main stock index, the Sensex, hits a new high on confidence about strong corporate earnings and foreign investment.Source: BBC News | Business | World Edition | 8 Jan 2008 | 9:38 am
Bear Stearns boss 'may step down'
James Cayne, the chief executive of Bear Stearns, is reported to be planning to step down soon.Source: BBC News | Business | World Edition | 8 Jan 2008 | 9:33 am
House prices bounce back despite gloom
House prices bounced back by 1.3pc last month according to Halifax, despite the deepening gloom surrounding the UK housing market.Source: Telegraph Business | 8 Jan 2008 | 9:15 am
Northrop aiming for military vehicle contract: report
NEW YORK (Reuters) - Defense contractor Northrop Grumman Corp is teaming up with Oshkosh Truck Corp in a bid to supply military vehicles in a contract that could be worth billions of dollars, The Wall Street Journal reported on Tuesday.Source: Reuters: Business News | 8 Jan 2008 | 8:47 am
Northrop aiming for military vehicle contract: report (Reuters)
Reuters - Defense contractor Northrop Grumman Corp is teaming up with Oshkosh Truck Corp in a bid to supply military vehicles in a contract that could be worth billions of dollars, The Wall Street Journal reported on Tuesday.Source: Yahoo! News: Business | 8 Jan 2008 | 8:45 am
Morning Market Comment
Having spoken volubly about the extreme volatility during the first week of the year in yesterday's comment, the markets then had the bad manners actually to close virtually unchanged across the board.Source: Telegraph Business | 8 Jan 2008 | 8:45 am
S&N hopes for Russia brewer deal
Scottish & Newcastle says it will benefit by £100m a year if it takes full control of Russian brewer BBH.Source: BBC News | Business | World Edition | 8 Jan 2008 | 8:41 am
Violence may have cost Kenyan economy a billion dollars: ministry (AFP)
AFP - Nationwide violence since a disputed presidential poll may have cost the Kenyan economy close to a billion dollars, the finance ministry said Tuesday.
Source: Yahoo! News: Business | 8 Jan 2008 | 8:24 am
Recession in the US 'has arrived'
The feared recession in the US economy has already arrived, according to a report from Merrill Lynch.Source: BBC News | Business | World Edition | 8 Jan 2008 | 7:56 am
Ford to put $500 million into India manufacturing
MUMBAI (Reuters) - Ford Motor Co said on Tuesday it plans to invest $500 million in India to double manufacturing capacity by 2010 and make a small car and engines to compete more effectively in the fast-growing market.Source: Reuters: Business News | 8 Jan 2008 | 7:23 am
Bear Stearns chief Jimmy Cayne set to quit
Jimmy Cayne, the head of Bear Stearns and one of Wall Street's veterans, is expected to relinquish his position as chief executive as a direct result of the continuing credit crisis in the financial markets.Source: Telegraph Business | 8 Jan 2008 | 6:50 am
Samsung sees rise in 2008 digital media sales
SEOUL (Reuters) - Samsung Electronics said on Tuesday it is targeting a 15 percent rise to 30 trillion won ($32 billion) in global sales of digital media this year from 2007 through steady growth in TV, printers and computers.Source: Reuters: Business News | 8 Jan 2008 | 6:41 am
Oil recovers after three-day fall on economy worry
SINGAPORE (Reuters) - Oil rebounded on Tuesday after falling nearly 3 percent a day earlier, as the specter of a recession in the United States haunted traders who fear it will diminish oil demand from the world's biggest consumer.Source: Reuters: Business News | 8 Jan 2008 | 6:25 am
Obama leads Dems early in New Hampshire
Sen. Barack Obama won seven of the 10 votes cast for Democrats while Sen. Hillary Clinton received none in the first balloting of the New Hampshire primary. Sen. John McCain won the Republican ballotingSource: FT.com - US homepage | 8 Jan 2008 | 6:11 am
Clear Channel buy-out doubts grow
The $19.5bn buy-out of Clear Channel Communications, the US radio and outdoor advertising group, is in danger of becoming the next victim of the storm in the deal worldSource: FT.com - US homepage | 8 Jan 2008 | 2:49 am
Paramount in HD DVD blow
Paramount is poised to drop support for HD DVD after Warner Brothers' recent backing of Sony's Blu-ray technology, in a move that will sound the death knell of HD DVD and end the home entertainment format warSource: FT.com - US homepage | 8 Jan 2008 | 2:49 am
Cayne plans to step down as Bear Stearns chief
Jimmy Cayne has told the board of Bear Stearns that he plans to step down as chief executive of the Wall Street investment bank, which has suffered heavy losses in the credit market turmoil.Source: FT.com - US homepage | 8 Jan 2008 | 1:18 am
After The Close - Monday
ISIS PHARMACEUTICAL (ISIS) said it could receive up to $1.5 bil in fees from drug maker Genzyme, which licensed its cholesterol drug mipomersen....Source: Investor's Business Daily: BUSINESS | 8 Jan 2008 | 1:10 am
Trends & Innovations - Monday
Greenhouse gas fuel of the future?Source: Investor's Business Daily: BUSINESS | 8 Jan 2008 | 1:10 am
Emerging Firms Hanging Tough, But Few Planning IPOs
With the market being like it is, companies aren't exactly leaping to the starting line of the 2008 IPO season.Source: Investor's Business Daily: BUSINESS | 8 Jan 2008 | 1:10 am
Business Briefs - Monday
Salesforce falls on mixed viewsSource: Investor's Business Daily: BUSINESS | 8 Jan 2008 | 1:10 am
In Brief - Monday
JA Solar, (JASO) a Chinese solar cell manufacturer, declared a 3-for-1 stock split that will be effective Feb. 7. Shareholders of record as of...Source: Investor's Business Daily: BUSINESS | 8 Jan 2008 | 1:10 am
Schultz back as Starbucks CEO (Reuters)
Reuters - Starbucks Corp replaced CEO Jim Donald with founder and Chairman Howard Schultz and said it would slow an aggressive U.S. expansion in a shake-up that sent its battered shares up nearly 9 percent.Source: Yahoo! News: Business | 8 Jan 2008 | 1:07 am
Starbucks' Schultz returns as CEO
The chairman and founder of Starbucks is returning to the post of chief executive in response to a sharp fall in its shares and growing anxieties about the impact of rapid growth on the company's brand and performanceSource: FT.com - US homepage | 8 Jan 2008 | 12:53 am
Domino's Pizza delivers meaty sales
Forget turkey, pizza was the big hit this Christmas if sales at takeaway chain Domino's Pizza are anything to go by.Source: Telegraph Business | 8 Jan 2008 | 12:05 am
Nationwide accuses rivals over temporary bonuses
Nationwide, Britain's biggest building society, has accused rivals of using "introductory interest rates to lure customers" and then failing to warn savers when returns are due to fall.Source: Telegraph Business | 8 Jan 2008 | 12:01 am
Andy Chivers's email to Network Rail
The email sent by Andy Chivers, managing director of National Express's One commuter franchise, to Iain Coucher, Network Rail chief executive, on Friday Jan 4Source: Telegraph Business | 8 Jan 2008 | 12:01 am
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