RIO DE JANEIRO (Reuters) - Blackstone Group LP , the
U.S. private equity company, is setting up a $675 million fund
to invest in Brazil and will contribute $500 million in
capital, the Valor Economico newspaper said on Friday.
CHICAGO (Reuters) - Harley-Davidson Inc said on Friday that its quarterly earnings fell 26 percent as sales of its iconic motorcycles tumbled in the United States, its biggest and most important market.
U.S. stocks looked set for a third session of gains early Friday as bullish guidance from Microsoft helped allay fears about a weakening U.S. economy that had been hanging over markets.
LONDON (Reuters) - Carlsberg and Heineken on Friday finally agreed a cash bid of 7.8 billion pounds ($15.3 billion) to buy and break up Scottish and Newcastle (S&N) to boost the Danish brewer's position in Russia and the Dutch group's presence in western Europe.
NEW YORK (Reuters) - Stock index futures rose on Friday, buoyed by strong earnings from Microsoft Corp and as a speedy agreement on a U.S. economic stimulus package helped boost investor confidence.
NEW YORK (Reuters) - Diversified manufacturer Honeywell International Inc said on Thursday its fourth-quarter profit and sales rose from a year earlier, helped by strong economic conditions.
Prime Minister Gordon Brown says institutions worldwide must change to better handle a globalised economy. Source: BBC News | Business | World Edition | 25 Jan 2008 | 12:00 pm
Deutsche Bank plans to eliminate 300 jobs from its investment banking unit amid market volatility. Source: BBC News | Business | World Edition | 25 Jan 2008 | 11:53 am
AP - Buoyed by optimism from Bill Gates, business and government leaders at the World Economic Forum on Friday set aside two days of confronting fears and considered the positive things they can do.
London stocks were higher on Friday, prompted by gains across Asia and in New York overnight. Sentiment was lifted after leaders of the US House of Representatives and the Bush administration reached... Source: Infocious RSS raw feed - channel BNPaperBusiness | 25 Jan 2008 | 11:27 am
TOKYO (Reuters) - Shares in Nintendo Co Ltd briefly jumped more than 5 percent on Friday after robust holiday sales of Wii and DS game machines helped more than double its quarterly operating profit and prompted it to raise its outlook above market expectations.
Banks that produce complex and illiquid derivative products that have been at the heart of the credit squeeze may be forced to provide more information about them on public stock exchanges Source: FT.com - US homepage | 25 Jan 2008 | 11:21 am
Eighteen months ago, Todd Nielsen was stationed at Balad Air Base in Iraq, 55 miles north of Baghdad. It was Nielsen's second tour at Balad, where he was fire chief, putting out blazes amid the daily attacks on the base. But the worst part of his deployment wasn't the mortar fire around him or the sandstorms or the boredom at night. For Todd it was knowing how much his wife Julie, a master sergeant stationed at an Air Force base north of London, and their three children - Kayla, Colin and Annika - worried about him.
It's time again for DEMO, that bi-annual entrepreneurial beauty contest where hungry startups by the dozens parade their latest creations before a who's who of Silicon Valley money men. This winter's gathering is being held at the end of January in a Marriott resort a few miles south of Palm Springs, Calif. As I write this, it is expected to draw a record number of corporate bidders. "A lot of little companies are going to be picked up in some real sweet deals," says Chris Shipley, DEMO executive producer. "We're going to see a lot of activity."
DAVOS, Switzerland (Reuters) - Sony Corp is performing well but is concerned about the strength of the Japanese yen, Sony Chief Executive Howard Stringer said on Friday.
PARIS (Reuters) - France stepped up efforts to restore confidence in the banking system as Societe Generale faced tough questions on Friday over why it failed to prevent the biggest financial dealing scandal in history.
Reuters - Carlsberg and Heineken on Friday finally
agreed a cash bid of 7.8 billion pounds ($15.3 billion) to buy
and break up Scottish and Newcastle (S&N) to boost the Danish
brewer's position in Russia and the Dutch group's presence in
western Europe.
The yen dropped sharply on Friday as surging global equity and commodity prices soothed some fears over the health of the global financial system. This in turn boosted risk appetite, driving investors... Source: Infocious RSS raw feed - channel BNPaperBusiness | 25 Jan 2008 | 10:59 am
DAVOS, Switzerland (Reuters) - Reuters Group Plc expects to deliver signature 2007 results and has seen a good start to 2008 with no signs of major weakness in the U.S. markets, Chief Executive Tom Glocer said on Friday.
DAVOS, Switzerland (Reuters) - Reuters Group Plc expects to deliver signature 2007 results and has seen a good start to 2008 with no signs of major weakness in the U.S. markets, Chief... Source: Infocious RSS raw feed - channel BNewsBusiness | 25 Jan 2008 | 10:53 am
The economic stimulus plan announced Thursday by Congress and the Bush administration includes provisions that specifically address the mortgage crisis. It aims to make getting a mortgage easier and cheaper in high-cost markets, to facilitate refinancing and to prevent foreclosures.
The first is the incredible €5bn loss allegedly created and concealed by Jerome Kerviel and the second is the $150bn stimulus package voted in by the US Senate. Source: Telegraph Business | 25 Jan 2008 | 10:40 am
The owner of Foster's lager and Newcastle Brown Ale recommended a formal 800p a share offer from European rivals Carslberg and Heineken, valuing the group at £7.8bn Source: FT.com - US homepage | 25 Jan 2008 | 10:33 am
Scottish & Newcastle, owner of Foster's lager and Newcastle Brown Ale, on Friday called time on a contentious three-month takeover battle as it recommended a formal 800p a share offer from rival European... Source: Infocious RSS raw feed - channel BNPaperBusiness | 25 Jan 2008 | 10:33 am
South Korea's economic growth accelerated in the fourth quarter on strength in exports and manufacturing, the Bank of Korea said Friday, with economists expressing optimism the country... Source: Infocious RSS raw feed - channel BNewsBusiness | 25 Jan 2008 | 10:23 am
South Africa's biggest gold and platinum mining firms suspend production because of recent power cuts. Source: BBC News | Business | World Edition | 25 Jan 2008 | 10:18 am
Japan's benchmark stock index jumped more than 4 percent Friday as traders bought exporter issues on a stronger dollar following reports of a U.S. economic stimulus plan. The benchmark Source: Infocious RSS raw feed - channel BNewsBusiness | 25 Jan 2008 | 10:17 am
European and Asian shares recover, with investors buoyed by a plan to stimulate the US economy. Source: BBC News | Business | World Edition | 25 Jan 2008 | 10:16 am
Regional stocks rallied in a positive end to a volatile week, following overnight rises in US and European markets and buoyed by a US government agreement on a stimulus package aimed at staving off a recession Source: FT.com - US homepage | 25 Jan 2008 | 10:14 am
Asian markets applauded the agreement reached in Washington on a US economic stimulus package, ending a volatile week on an optimistic note. Sydney showed particular vigour, staging its biggest three-day... Source: Infocious RSS raw feed - channel BNPaperBusiness | 25 Jan 2008 | 10:14 am
European equities rose on Friday, with recently battered carmakers and technology stocks leading the advance after the US passed measures to stimulate the world's biggest economy. The FTSE Eurofirst... Source: Infocious RSS raw feed - channel BNPaperBusiness | 25 Jan 2008 | 10:13 am
Congressional leaders and Bush administration officials have reached a bipartisan deal on an economic stimulus package that would send $600 to more than $1,200 to most taxpayers in an effort to keep the economy from falling into recession.
The UK's largest brewer, Scottish & Newcastle, agrees to be bought by Carlsberg and Heineken for £7.8bn. Source: BBC News | Business | World Edition | 25 Jan 2008 | 10:04 am
Societe Generale files a legal complaint against the trader accused of fraud which led to huge losses at the bank. Source: BBC News | Business | World Edition | 25 Jan 2008 | 10:03 am
Ratings agency Moody's raised the outlook on Philippine credit rating from stable to positive on Friday, citing the country's lower budget deficit, faster economic growth, and less dependence on external... Source: Infocious RSS raw feed - channel BNPaperBusiness | 25 Jan 2008 | 9:42 am
B&Q owner Kingfisher has named Ian Cheshire as its new chief executive, to take over from Irishman Gerry Murphy on Monday. Source: Telegraph Business | 25 Jan 2008 | 9:35 am
Reuters - France stepped up efforts to restore
confidence in the banking system as Societe Generale faced
tough questions on Friday over why it failed to prevent the
biggest financial dealing scandal in history.
Europe's main stock markets continued their recovery in early trading on Friday following steep losses earlier in the week caused by fears of a US recession. London's FTSE... Source: Infocious RSS raw feed - channel BNewsBusiness | 25 Jan 2008 | 9:30 am
AFP - Europe's main stock markets continued their recovery in early trading on Friday following steep losses earlier in the week caused by fears of a US recession.
Gold prices on Friday jumped to a new all-time high above $920 a troy ounce as mining companies in South Africa, the world's second largest producer, halted their operations because of acute power shortages. Source: FT.com - US homepage | 25 Jan 2008 | 9:28 am
Gold prices on Friday jumped to a new all-time high above $920 a troy ounce as mining companies in South Africa, the world's second largest producer, halted their operations because of acute power shortages.... Source: Infocious RSS raw feed - channel BNPaperBusiness | 25 Jan 2008 | 9:28 am
Gold and platinum prices struck fresh record highs on Friday as investors rushed once more to invest in commodities amid a recovery on global stock markets, analysts said. On Source: Infocious RSS raw feed - channel BNewsBusiness | 25 Jan 2008 | 9:21 am
German luxury sports car maker Porsche said Friday that sales in the first half of its 2007-2008 fiscal year grew by 14.2 percent to 3.5 billion euros (5.2 billion dollars). ... Source: Infocious RSS raw feed - channel BNewsBusiness | 25 Jan 2008 | 8:50 am
The grants aim to provide the rural poor with better seeds, healthier soil and access to new markets for their crops. Source: Infocious RSS raw feed - channel BNPaperBusiness | 25 Jan 2008 | 8:39 am
Microsoft Corp., the world's largest software maker, posted a second-quarter profit that topped analysts' estimates and raised forecasts for the year after selling more Xbox 360 games and Windows programs.... Source: Infocious RSS raw feed - channel BNPaperBusiness | 25 Jan 2008 | 8:37 am
Scandals like the $7.2 billion in secretive bad bets that exploded on the books of French bank Socit Gnrale will continue to haunt Wall Street and other markets - thanks to human weaknesses. Experts say... Source: Infocious RSS raw feed - channel BNPaperBusiness | 25 Jan 2008 | 8:37 am
An effort is under way in the state Legislature to resurrect Nebraska's ban on non-family corporate farming, which was struck down by a federal appeals court in 2006. Sen. Cap Dierks... Source: Infocious RSS raw feed - channel BNewsBusiness | 25 Jan 2008 | 8:35 am
The fugitive trader behind the biggest banking fraud in history was preparing to give himself up to the authorities today telling his lawyer: "I've nowhere to hide". Source: Telegraph Business | 25 Jan 2008 | 8:30 am
The fugitive trader who allegedly lost his bank £3.7 billion in the money markets is "traumatised" by his new-found infamy and reluctant to face up to the global publicity generated by his actions, legal sources said. Source: Telegraph Business | 25 Jan 2008 | 8:30 am
The fugitive trader behind the biggest banking fraud in history was preparing to give himself up to the authorities today telling his lawyer: "I've nowhere to hide". Source: Telegraph Business | 25 Jan 2008 | 8:30 am
The EU Commission accuses German energy group E.ON of having broken an official seal on a room containing confiscated documents, and is preparing to fine the German utility up to 100... Source: Infocious RSS raw feed - channel BNewsBusiness | 25 Jan 2008 | 8:20 am
LONDON (Reuters) - Carlsberg and Heineken on Friday agreed a joint cash bid of 800 pence a share for Scottish and Newcastle (S&N) that will split up the British brewer of Foster's... Source: Infocious RSS raw feed - channel BNewsBusiness | 25 Jan 2008 | 8:12 am
SEATTLE (Reuters) - Microsoft signaled confidence to a rattled stock market by raising its full-year earnings outlook above Wall Street targets and reporting a 79 percent rise in quarterly profit on Thursday.
British brewer Scottish & Newcastle said Friday it had accepted a 7.8 billion pound (10.5 billion euro, 15.5 billion dollar) takeover bid by Carlsberg of Denmark and Heineken of the... Source: Infocious RSS raw feed - channel BNewsBusiness | 25 Jan 2008 | 8:02 am
Japanese consumer prices rise by their fastest pace in almost a decade in December, figures show. Source: BBC News | Business | World Edition | 25 Jan 2008 | 7:50 am
Carlsberg and Heineken have agreed a £7.8bn takeover of Scottish & Newcastle, marking the end of the independence of the brewer of John Smith and Newcastle Brown Ale. Source: Telegraph Business | 25 Jan 2008 | 7:45 am
Reuters - Diversified manufacturer Honeywell
International Inc said on Thursday its fourth-quarter
profit and sales rose from a year earlier, helped by strong
economic conditions.
Microsoft shrugged off concerns about a slowdown in the tech industry with solid quarterly earnings and an optimistic outlook for the first half of this year, sparking a strong relief rally in its shares Source: FT.com - US homepage | 25 Jan 2008 | 4:10 am
A lone rogue trader was being blamed for the biggest fraud in investment banking history after Société Générale revealed his actions had cost it €4.9bn and forced it into an emergency €5.5bn cash call on shareholders Source: FT.com - US homepage | 25 Jan 2008 | 2:24 am
Reuters - Microsoft signaled confidence
to a rattled stock market by raising its full-year earnings
outlook above Wall Street targets and reporting a 79 percent
rise in quarterly profit on Thursday.
Leaders of the House of Representatives reached agreement with the Bush administration over a $150bn fiscal stimulus package to stave off a recession Source: FT.com - US homepage | 25 Jan 2008 | 12:37 am
Reuters - Stocks rose on Thursday, after
government leaders agreed on a plan for tax rebates to
stimulate the U.S. economy and a healthy outlook from cell-
phone chip maker Qualcomm helped drive the Nasdaq up sharply.
The US would consider conducting joint military operations against extremists inside Pakistan if requested by Islamabad, Robert Gates, US defence secretary, said Source: FT.com - US homepage | 25 Jan 2008 | 12:08 am
Jérome Kerviel, the man behind the biggest alleged fraud in banking history, is the first 'rogue trader' to be exposed in the age of online social networking. Source: Telegraph Business | 25 Jan 2008 | 12:05 am
Property millionaire and Helical Bar chief executive Mike Slade is to take advantage of the falling commercial property prices to invest up to £500m in the market. Source: Telegraph Business | 25 Jan 2008 | 12:01 am
The financial health of car companies Jaguar and Land Rover look to be rosier than they have been for several years, according to the latest profits figures from owner Ford. The US car company has been preparing the UK marques for sale - probably to India's Tata - and the changes appear to be paying off. Source: Telegraph Business | 25 Jan 2008 | 12:01 am
Société Générale has made itself vulnerable to takeover bids from other large international financial institutions after it revealed one of its traders committed the biggest ever alleged bank fraud, losing €4.9bn (£3.7bn) in the first few weeks of this year, bankers said. Source: Telegraph Business | 25 Jan 2008 | 12:01 am
Microsoft's profits for the key Christmas trading quarter soar 79%, driven by strong computer sales. Source: BBC News | Business | World Edition | 24 Jan 2008 | 10:33 pm
Private equity firms that are considering setting up their own credit insurers have been studying the experience of competitor Warburg Pincus, which invested $1bn in troubled MBIA late last year Source: FT.com - US homepage | 24 Jan 2008 | 10:03 pm
The US government and Congress Democrats agree on an economic stimulus plan focused on tax rebates. Source: BBC News | Business | World Edition | 24 Jan 2008 | 9:31 pm
US stocks rose in choppy trade as investors digested an array of mixed earnings and renewed weakness among bond insurers after a ratings downgrade Source: FT.com - US homepage | 24 Jan 2008 | 9:31 pm
Reuters - Retail stocks fell on Thursday as
analysts said a proposed $150 billion U.S. economic stimulus
package aimed at averting a recession will provide little
relief for struggling retailers and cash-strapped consumers.
Microsoft's Bill Gates calls on firms to engage in creative capitalism that creates a profit while helping the poor. Source: BBC News | Business | World Edition | 24 Jan 2008 | 7:23 pm
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AP - Buoyed by optimism from Bill Gates, business and government leaders at the World Economic Forum on Friday set aside two days of confronting fears and considered the positive things they can do.
Reuters - Carlsberg and Heineken on Friday finally
agreed a cash bid of 7.8 billion pounds ($15.3 billion) to buy
and break up Scottish and Newcastle (S&N) to boost the Danish
brewer's position in Russia and the Dutch group's presence in
western Europe.
Reuters - France stepped up efforts to restore
confidence in the banking system as Societe Generale faced
tough questions on Friday over why it failed to prevent the
biggest financial dealing scandal in history.
AFP - Europe's main stock markets continued their recovery in early trading on Friday following steep losses earlier in the week caused by fears of a US recession.
Reuters - Diversified manufacturer Honeywell
International Inc said on Thursday its fourth-quarter
profit and sales rose from a year earlier, helped by strong
economic conditions.
Reuters - Microsoft signaled confidence
to a rattled stock market by raising its full-year earnings
outlook above Wall Street targets and reporting a 79 percent
rise in quarterly profit on Thursday.
Reuters - Stocks rose on Thursday, after
government leaders agreed on a plan for tax rebates to
stimulate the U.S. economy and a healthy outlook from cell-
phone chip maker Qualcomm helped drive the Nasdaq up sharply.
Reuters - Retail stocks fell on Thursday as
analysts said a proposed $150 billion U.S. economic stimulus
package aimed at averting a recession will provide little
relief for struggling retailers and cash-strapped consumers.