Manchester United report a record turnover of £245m for the 2006/07 season, and a near doubling of profits.
Source:
BBC News | Business | World Edition | 11 Jan 2008 | 12:12 pm
AP - Top Japanese finance officials gave conflicting economic assessments Friday, with the central bank chief predicting a slowdown in Japan while the economy minister said she saw no sign of one.
Source:
Yahoo! News: Business | 11 Jan 2008 | 12:05 pm
TOKYO (Reuters) - Merrill Lynch is expected to suffer $15 billion in losses stemming from soured mortgage investments, almost twice the company's original estimate, the New York Times reported on Friday.
Source:
Reuters: Business News | 11 Jan 2008 | 12:03 pm
Reuters - Stock futures fell sharply on Friday
as a report that Merrill Lynch & Co would incur
mortgage-related losses of nearly twice what it previously
forecast sparked more worry about fallout from the housing
slump.
Source:
Yahoo! News: Business | 11 Jan 2008 | 12:01 pm
NEW YORK (Reuters) - Stock futures fell sharply on Friday as a report that Merrill Lynch & Co would incur mortgage-related losses of nearly twice what it previously forecast sparked more worry about fallout from the housing slump.
Source:
Reuters: Business News | 11 Jan 2008 | 12:01 pm
Stocks looked set to slide early Friday as the prospect of a big writedown at Merrill Lynch soured the mood on Wall Street.
Source:
Business and financial news - CNNMoney.com | 11 Jan 2008 | 11:48 am
Shares in UK buy-to-let mortgage lender Paragon sink 35% after it unveils plans to raise £287m.
Source:
BBC News | Business | World Edition | 11 Jan 2008 | 11:46 am
Reuters - Bank of America Corp is in
advanced talks to buy struggling Countrywide Financial Corp
, the largest U.S. mortgage lender, several people
familiar with the matter said on Thursday.
Source:
Yahoo! News: Business | 11 Jan 2008 | 11:45 am
NEW YORK (Reuters) - Bank of America Corp is in advanced talks to buy struggling Countrywide Financial Corp , the largest U.S. mortgage lender, several people familiar with the matter said on Thursday.
Source:
Reuters: Business News | 11 Jan 2008 | 11:44 am
(Reuters) - Hair salon operator Regis Corp reported
second-quarter revenue below analysts' expectations, hurt by
deconsolidation of beauty schools and lower holiday shopping
season sales.
Source:
Reuters: Business News | 11 Jan 2008 | 11:39 am
The Iraq war has already cost the lives of nearly 4,000 U.S. troops, but there is another cost that is not so readily quantifiable: the economic toll. Forecasts of the cost to the U.S. have reached into the trillions of dollars, fueling a controversy over the impact on the budget and the economy. Missing from the debate until now has been the man who famously sparked it: Lawrence Lindsey, then President Bush's chief economist, who gave an estimate in 2002 that sent the Bush administration into sticker shock. Less than three months later he was out of the White House.
Source:
Business and financial news - CNNMoney.com | 11 Jan 2008 | 11:34 am
Bank of America is in advanced talks to purchase struggling home lending giant Countrywide Financial Corp., according to The Wall Street Journal.
Source:
Business and financial news - CNNMoney.com | 11 Jan 2008 | 11:31 am
Slow growth in Japanese bank adds to concerns the world's second-biggest economy may head into a recession.
Source:
BBC News | Business | World Edition | 11 Jan 2008 | 11:16 am
Merrill Lynch is expected to report a bigger-than-expected $15 billion writedown when it reports its quarterly results next week, according to a report in The New York Times.
Source:
Business and financial news - CNNMoney.com | 11 Jan 2008 | 11:13 am
UBS launched its campaign to win support for plans to raise SFr19bn in new capital following the consequences of the US subprime crisis, but warned shareholders 2008 was 'likely to be another generally difficult year.'
Source:
FT.com - US homepage | 11 Jan 2008 | 11:10 am
Profit at Manchester United Football Club almost doubled during the 2006/2007 season in which it regained the Premier League title.
Source:
Telegraph Business | 11 Jan 2008 | 11:00 am
Even a few months ago, it seemed like a good idea to hold a debate between real estate bulls and bears.
Source:
Business and financial news - CNNMoney.com | 11 Jan 2008 | 10:49 am
Ford CEO Alan Mulally met with a group of reporters in Detroit earlier this week and, based on reports in the local papers, he was not very encouraging.
Source:
Business and financial news - CNNMoney.com | 11 Jan 2008 | 10:47 am
The World Trade Organization could impose trade sanctions because of restrictions on GM crop imports.
Source:
BBC News | Business | World Edition | 11 Jan 2008 | 10:43 am
Maybe it's partly the post-holiday blahs, but my mailbox these days is stuffed with laments from people who don't like what they're doing for a living, but aren't sure what they would rather do instead.
Source:
Business and financial news - CNNMoney.com | 11 Jan 2008 | 10:27 am
WASHINGTON (Reuters) - Federal Reserve Chairman Ben Bernanke on Thursday acknowledged the economy faces increased risks and indicated the U.S. central bank is ready to cut interest rates aggressively to support growth.
Source:
Reuters: Business News | 11 Jan 2008 | 10:19 am
Federal Reserve Chairman Ben Bernanke said in a speech Thursday that the central bank is prepared to continue lowering interest rates in order to help keep the economy on track.
Source:
Business and financial news - CNNMoney.com | 11 Jan 2008 | 10:09 am
ZURICH (Reuters) - UBS AG said it cannot predict the final impact of the subprime crisis but that a new capital injection would strengthen its position as it called on shareholders to support its emergency capital hike.
Source:
Reuters: Business News | 11 Jan 2008 | 10:03 am
Northern Rock sells £2.2bn of its mortgage assets to US bank JP Morgan, saying it will repay the Bank of England.
Source:
BBC News | Business | World Edition | 11 Jan 2008 | 10:00 am
Reuters - Merrill Lynch is expected to
suffer $15 billion in losses stemming from soured mortgage
investments, almost twice the company's original estimate, the
New York Times reported on Friday.
Source:
Yahoo! News: Business | 11 Jan 2008 | 9:58 am
Engineering firm Rolls-Royce says its plans to cut up to 2,300 jobs to reduce costs and improve efficiency.
Source:
BBC News | Business | World Edition | 11 Jan 2008 | 9:55 am
Northern Rock is to repay £2.2bn of its £26bn Bank of England loan after selling a portfolio of mortgages to US investment bank JP Morgan.
Source:
Telegraph Business | 11 Jan 2008 | 9:50 am
Treasury minister Allan Bell says the Manx economy is still strong despite fears of recession hitting the UK.
Source:
BBC News | Business | World Edition | 11 Jan 2008 | 9:49 am
China's trade surplus for 2007 jumped by 47.7%, but the three straight months of the final quarter in which import growth outpaced exports suggests imbalances may be peaking
Source:
FT.com - US homepage | 11 Jan 2008 | 9:49 am
Source:
Telegraph Business | 11 Jan 2008 | 9:05 am
LONDON (Reuters) - Further U.S. interest rate cuts may be in the offing and money market rates easing but news from the world's major banks on Friday gave no indication that the global credit crisis is abating.
Source:
Reuters: Business News | 11 Jan 2008 | 8:42 am
Rolls-Royce, one of the world's largest engine makers, is set to axe about 6pc of its workforce to cope with rising raw material costs and a weaker dollar.
Source:
Telegraph Business | 11 Jan 2008 | 8:41 am
Danish hi-fi company Bang & Olufsen sacks its chief executive after it reported a sharp fall in profits.
Source:
BBC News | Business | World Edition | 11 Jan 2008 | 7:46 am
Merrill Lynch is expected to suffer $15bn in losses stemming from soured mortgage investments, almost double its original estimate, prompting the firm to raise additional capital from an outside investor
Source:
FT.com - US homepage | 11 Jan 2008 | 7:40 am
AP - If anyone is looking for signs that we may be headed into a recession, look no further than the dismal December sales results turned in by the nation's retailers.
Source:
Yahoo! News: Business | 11 Jan 2008 | 7:07 am
WASHINGTON (Reuters) - Skyrocketing oil prices likely pushed the U.S. trade deficit in November to its widest since July, economists polled by Reuters said.
Source:
Reuters: Business News | 11 Jan 2008 | 5:46 am
Reuters - Skyrocketing oil prices likely
pushed the U.S. trade deficit in November to its widest since
July, economists polled by Reuters said.
Source:
Yahoo! News: Business | 11 Jan 2008 | 5:35 am
Intel falls on N.Y. antitrust probe
Source:
Investor's Business Daily: BUSINESS | 11 Jan 2008 | 1:08 am
AMAZON (AMZN) will offer songs from Sony BMG without copy-protection technology, known as DRM coding. Sony BMG, home to artists like Bob Dylan and...
Source:
Investor's Business Daily: BUSINESS | 11 Jan 2008 | 1:08 am
Millions abuse cough medicine
Source:
Investor's Business Daily: BUSINESS | 11 Jan 2008 | 1:08 am
Teva Pharmaceutical (TEVA), an Israel-based generic drug maker, said the its North American chief, George Barrett, is leaving to run Cardinal...
Source:
Investor's Business Daily: BUSINESS | 11 Jan 2008 | 1:08 am
Suppose the alternator rattles free on the first 10 cars rolling off an automaker's assembly line and bangs into the cooling fan. The line is...
Source:
Investor's Business Daily: BUSINESS | 11 Jan 2008 | 1:08 am
For much of the last decade, the process of bundling commercial or residential real estate loans, slicing them into bonds, then selling the bonds...
Source:
Investor's Business Daily: BUSINESS | 11 Jan 2008 | 1:08 am
Carlsberg and Heineken have sought to pile pressure on Scottish & Newcastle's management by threatening to walk away from the battle for control of the Edinburgh-based brewer after it rejected their latest 780p takeover proposal.
Source:
Telegraph Business | 11 Jan 2008 | 12:01 am
American retailers experienced a mostly bleak Christmas as consumers began to feel the triple pinch of rising fuel prices, rising food prices and continued stagnation in the housing market.
Source:
Telegraph Business | 11 Jan 2008 | 12:01 am
Britons must now pay closer to £1 than 50p for one euro for the first time in history, after sterling suffered another weak day on the currency markets.
Source:
Telegraph Business | 11 Jan 2008 | 12:01 am
Jewellery retailer Signet has warned that profits will be lower than expected - for the second time in as many months.
Source:
Telegraph Business | 11 Jan 2008 | 12:01 am
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