US banking giant Citigroup reports a $9.83bn (£5bn) net loss, blaming its exposure to bad mortgage debt.
Source:
BBC News | Business | World Edition | 15 Jan 2008 | 11:57 am
Northern Rock's chairman tells shareholders the troubled bank can still be put 'on the road to recovery'.
Source:
BBC News | Business | World Edition | 15 Jan 2008 | 11:49 am
NEW YORK (Reuters) - Citigroup Inc on Tuesday cut its quarterly dividend 41 percent, and said it is raising $14.5 billion from offerings of convertible preferred securities.
Source:
Reuters: Business News | 15 Jan 2008 | 11:45 am
NEW YORK (Reuters) - Delta Air Lines Inc has started merger talks with UAL Corp.'s United Airlines and Northwest Airlines Corp. , and hopes to negotiate an agreement with one of them in the next two weeks, The Wall Street Journal reported on Tuesday.
Source:
Reuters: Business News | 15 Jan 2008 | 11:43 am
NEW YORK (Reuters) - Citigroup Inc is likely to announce on Tuesday a significant dividend cut, at least $10 billion of new capital and a writedown of as much of $20 billion, the Wall Street Journal reported on Monday.
Source:
Reuters: Business News | 15 Jan 2008 | 11:42 am
Shares in Burberry sink 11% after it says retail sales were lower than hoped in the last three months of 2007.
Source:
BBC News | Business | World Edition | 15 Jan 2008 | 11:40 am
TOKYO (Reuters) - Merrill Lynch said on Tuesday it would issue $6.6 billion in preferred shares to investors, including the Kuwait Investment Authority, as the subprime-hit bank looks to shore up its capital base.
Source:
Reuters: Business News | 15 Jan 2008 | 11:36 am
The pound falls to a fresh all-time low against the euro on growing expectations of a cut in UK interest rates.
Source:
BBC News | Business | World Edition | 15 Jan 2008 | 11:32 am
FRANKFURT (Reuters) - Stock index futures fell before the start of Wall Street trading on Tuesday with the focus on Citigroup's earnings as well as economic data for clues about the Federal Reserve's next monetary policy move.
Source:
Reuters: Business News | 15 Jan 2008 | 11:11 am
Source:
Telegraph Business | 15 Jan 2008 | 11:10 am
Regent Inns, the owner of Walkabout sports bars and Jongleurs comedy clubs, has received several approaches about a possible takeover.
Source:
Telegraph Business | 15 Jan 2008 | 11:07 am
The record label EMI is planning to cut as many as 2,000 jobs as part of a restructuring strategy.
Source:
BBC News | Business | World Edition | 15 Jan 2008 | 10:40 am
Reuters - British music company EMI is to axe up
to 2,000 jobs in a restructuring plan by its new private-equity
owners to save up to 200 million pounds ($392 million) a year
and recast itself for the digital age.
Source:
Yahoo! News: Business | 15 Jan 2008 | 10:36 am
LONDON (Reuters) - British music company EMI is to axe up to 2,000 jobs in a restructuring plan by its new private-equity owners to save up to 200 million pounds ($392 million) a year and recast itself for the digital age.
Source:
Reuters: Business News | 15 Jan 2008 | 10:35 am
Brazil's President Lula visits Cuba to strengthen economic ties and amid hopes of seeing the ailing Fidel Castro.
Source:
BBC News | Business | World Edition | 15 Jan 2008 | 10:30 am
Debenhams reports better-than-expected Christmas trading, but Blacks Leisure warns on profits.
Source:
BBC News | Business | World Edition | 15 Jan 2008 | 10:22 am
AFP - Britain's biggest retailer Tesco on Tuesday reported surging sales over the Christmas period, driven by its international arm, but experienced flagging growth in its home market.
Source:
Yahoo! News: Business | 15 Jan 2008 | 10:22 am
Reuters - Mizuho Financial Group Inc (8411.T),
Japan's second-biggest bank, is in talks to invest more than
$925 million in Merrill Lynch & Co Inc , sources said on
Tuesday, amid speculation the U.S. bank is looking to further
boost its capital.
Source:
Yahoo! News: Business | 15 Jan 2008 | 10:06 am
UK inflation remained level in December, holding at 2.1% for the third month in a row, official figures show.
Source:
BBC News | Business | World Edition | 15 Jan 2008 | 10:05 am
Britons are cutting back on Spanish holiday homes
Source:
Telegraph Business | 15 Jan 2008 | 10:00 am
AFP - The German economy grew by 2.5 percent last year, provisional figures released on Tuesday by the national statistics office Destatis showed.
Source:
Yahoo! News: Business | 15 Jan 2008 | 9:36 am
Debenhams has warned it may delay refurbishment plans for its department stores in order to avoid disrupting sales in an increasingly tough market.
Source:
Telegraph Business | 15 Jan 2008 | 9:35 am
Shares in Northern Rock slumped this morning ahead of today's crucial shareholder meeting as investors increased bets that the troubled bank will eventually be nationalised.
Source:
Telegraph Business | 15 Jan 2008 | 9:15 am
With essential spending inflation now at the top end of expectations as commodities and currency factors combine to force producer and retail prices higher, we can step back and look at the stores' results in a slightly different light.
Source:
Telegraph Business | 15 Jan 2008 | 8:45 am
Reuters - Citigroup Inc is likely to
announce on Tuesday a significant dividend cut, at least $10
billion of new capital and a writedown of as much of $20
billion, the Wall Street Journal reported on Monday.
Source:
Yahoo! News: Business | 15 Jan 2008 | 7:50 am
This is a solid update from Tesco although the all-important non-fuel UK like-for-like sales figure is below analysts' forecasts.
Source:
Telegraph Business | 15 Jan 2008 | 7:45 am
Tesco, the UK's largest supermarket chain, today revealed Christmas sales figures that fell short of City expectations.
Source:
Telegraph Business | 15 Jan 2008 | 7:30 am
Reuters - Delta Air Lines Inc has
started merger talks with UAL Corp.'s United Airlines
and Northwest Airlines Corp. , and hopes to negotiate an
agreement with one of them in the next two weeks, The Wall
Street Journal reported on Tuesday.
Source:
Yahoo! News: Business | 15 Jan 2008 | 7:21 am
LONDON (Reuters) - Four U.S. bidders including General Electric and Danaher are vying to win control of British laboratory equipment company Whatman , the Financial Times said on Tuesday.
Source:
Reuters: Business News | 15 Jan 2008 | 7:15 am
NEW YORK (Reuters) - Former Federal Reserve Chairman Alan
Greenspan is set to join hedge-fund firm Paulson & Co. as an
adviser, The Wall Street Journal reported on Tuesday.
Source:
Reuters: Business News | 15 Jan 2008 | 7:04 am
The former US Federal Reserve chairman will join Paulson & Co's advisory board and it will be the only hedge fund that he works with under the terms of his agreement
Source:
FT.com - US homepage | 15 Jan 2008 | 5:05 am
In a bear market after a long holiday break, would-be IPO firms seem crowded like penguins at the edge of the water, hoping somebody else will go...
Source:
Investor's Business Daily: BUSINESS | 15 Jan 2008 | 12:46 am
Scientists report heart advance
Source:
Investor's Business Daily: BUSINESS | 15 Jan 2008 | 12:46 am
Sprint Nextel (S), the No. 3 U.S. mobile carrier, will lay off several thousand workers, a published report said. Sprint cut 5,000 jobs last year...
Source:
Investor's Business Daily: BUSINESS | 15 Jan 2008 | 12:46 am
Apple gains on expo anticipation
Source:
Investor's Business Daily: BUSINESS | 15 Jan 2008 | 12:46 am
Reuters - Sprint Nextel Corp , the No. 3
U.S. mobile service, plans to lay off several thousand of its
60,000 employees, the Wall Street Journal reported on Monday.
Source:
Yahoo! News: Business | 14 Jan 2008 | 11:04 pm
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