SHANGHAI/LONDON (Reuters) - Britain will back a plan to convert its lending to Northern Rock into bonds, a source familiar with the matter said, potentially tying itself to the bank for years but avoiding full-scale nationalization.
Stocks slipped Friday, ending a tough week on a down note as investors mulled upbeat earnings from GE and IBM and President Bush's proposed fiscal stimulus plan, but remained wary about the outlook for the economy.
RIYADH (Reuters) - U.S. Energy Secretary Sam Bodman said on Saturday that Saudi Arabia should raise output to ease tightness in world oil supplies and that OPEC should up output at its February 1 meeting.
Reuters - Health-care products maker Johnson &
Johnson won U.S. approval to sell a new HIV drug called
Intelence for patients with resistance to other therapies, U.S.
officials said on Friday. Source: Yahoo! News: Business | 19 Jan 2008 | 4:19 am
WASHINGTON (Reuters) - Health-care products maker Johnson & Johnson won U.S. approval to sell a new HIV drug called Intelence for patients with resistance to other therapies, U.S. officials said on Friday.
Tablets of the drug etravirine were approved Friday by the Food and Drug Administration for the treatment of HIV infection in adults who have failed treatment with other antiretrovirals.
Reuters - Social network software maker
Slide Inc said on Friday it had closed a $50 million
institutional financing round, marking the rising valuations of
start-ups riding fast-growing Facebook's wave of popularity.
SAN FRANCISCO (Reuters) - Social network software maker Slide Inc said on Friday it had closed a $50 million institutional financing round, marking the rising valuations of start-ups riding fast-growing Facebook's wave of popularity.
NEW YORK (Reuters) - Stocks tumbled for a fourth day on Friday to close out the worst week for the S&P 500 in five years on worry that a White House effort to boost the economy may not prevent a recession.
NEW YORK (Reuters) - The former CEO and now Chairman of Delphi Corp on Friday testified he had no expectation he would receive an $8.3 million cash award for helping steer the company through bankruptcy, because he didn't expect the company to file for bankruptcy in the first place.
The Government will reveal on Monday its decision on the future of Northern Rock, likely to be a privatization supported by Government backed debt. Source: Telegraph Business | 19 Jan 2008 | 1:01 am
Scottish & Newcastle shareholders yesterday threw their weight behind a takeover of the UK brewer by European rivals Carlsberg and Heineken after the two sides opened talks on Thursday. Source: Telegraph Business | 19 Jan 2008 | 1:01 am
Uncertainty over the future of Northern Rock appeared to be drawing to the close last night as the UK government put the finishing touches to plans for a public/private partnership designed to rescue the ailing mortgage lender. Source: Telegraph Business | 19 Jan 2008 | 1:01 am
Sir Richard Branson jogged up the steps on BA flight 9111 on Friday, but the Virgin chairman broke the habit of a lifetime as he boarded his deadly rival's 747 jet. Source: Telegraph Business | 19 Jan 2008 | 1:01 am
President Bush has backed an emergency fiscal package of tax cuts and spending boosts in the US administration's latest attempt to boost the flagging economy. Source: Telegraph Business | 19 Jan 2008 | 1:01 am
Northern Rock has lined up former insurance chief Paul Thompson to become chief executive if "self help" is chosen as the preferred solution for the stricken bank Source: Telegraph Business | 19 Jan 2008 | 12:01 am
New Star's admission that many of its funds have underperformed is nothing new to those who have been scrutinising it. Performance has been slipping across the board and it has not gone unnoticed by financial advisers. So what should investors in a New Star fund do? Source: Telegraph Business | 19 Jan 2008 | 12:01 am
Trevor Matthews, the head of Standard Life’s UK retail business, is understood to have refused an offer to become chief executive of Friends Provident. Source: Telegraph Business | 19 Jan 2008 | 12:01 am
Investor's Business Daily - President Bush on Friday called for a $140 billion to $150 billion stimulus package, saying the U.S. needs a "shot in the arm" to keep housing woes from spreading. Source: Yahoo! News: Business | 18 Jan 2008 | 11:56 pm
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Reuters - Social network software maker
Slide Inc said on Friday it had closed a $50 million
institutional financing round, marking the rising valuations of
start-ups riding fast-growing Facebook's wave of popularity.