Pfizer is expected to see a sharp fall in sales of one of its best-selling drugs after a warning by US regulators. Source: BBC News | Business | World Edition | 3 Feb 2008 | 12:21 pm
The debut of the $2,500 car may be billed as a mobility breakthrough for billions of people in the developing world, but for U.S. motorists it could mean one thing: higher gas prices.
You might expect Jim Rogers to be gloating a little bit. After all, the famed investor has been predicting a recession in the U.S. economy for months and shorting the shares of now-tanking Wall Street investment banks for even longer. And with fears of a recession sparking both a worldwide market sell-off and emergency action from Federal Reserve chairman Ben Bernanke, Rogers again looks prescient - just as he has over the past few years as the China-driven commodities boom he predicted almost a decade ago began kicked into high gear. But when I reached him by phone in Singapore the other day there was little hint of celebration in his voice. Instead, he took a serious tone.
With US politicians to debate Microsoft's offer for Yahoo, analysts expect any deal to get regulatory backing. Source: BBC News | Business | World Edition | 3 Feb 2008 | 11:54 am
PARIS (Reuters) - Societe Generale laid out its defense ahead of a high-profile money laundering trial due to begin in Paris on Monday, which could put further pressure on the French bank as it grapples with the effects of a trading scandal.
PARIS (Reuters) - Societe Generale laid out its defense ahead of a high-profile money laundering trial due to begin in Paris on Monday, which could put further pressure on the French bank... Source: Infocious RSS raw feed - channel BNewsBusiness | 3 Feb 2008 | 11:00 am
SEATTLE (Reuters) - Yahoo Inc said it may take "quite a bit of time" to weigh its strategic options, including keeping the company independent, following Microsoft Corp's $45 billion offer... Source: Infocious RSS raw feed - channel BNewsBusiness | 3 Feb 2008 | 8:01 am
SEATTLE (Reuters) - Yahoo Inc said it may take "quite a bit of time" to weigh its strategic options, including keeping the company independent, following Microsoft Corp's $45 billion offer to buy the company.
Democratic leaders give priority to seniors on Social Security and people who need help paying energy bills. The unemployed may fall to the wayside. ... Source: Infocious RSS raw feed - channel BNPaperBusiness | 3 Feb 2008 | 8:00 am
Speak up politely but firmly when friends or relatives fail to repay loans or cover their share of the tab, writers suggest. ... Source: Infocious RSS raw feed - channel BNPaperBusiness | 3 Feb 2008 | 8:00 am
Consumers generally ignore the interest rates on their credit cards and treat interest payments as a service charge for using credit cards. Thus, the use of interest rate adjustments by the Federal Reserve... Source: Infocious RSS raw feed - channel BNPaperBusiness | 3 Feb 2008 | 8:00 am
Buying jewelry has never been a mystery to me. Someone in my family has always known someone in the industry who has been able to guarantee a good price, excellent advice and plenty of hand-holding. ... Source: Infocious RSS raw feed - channel BNPaperBusiness | 3 Feb 2008 | 8:00 am
Dear Liz: Last year I had to find a new accountant to prepare my taxes and was charged a small fortune. (The person who had done our taxes previously refused to do them last year because he was doing... Source: Infocious RSS raw feed - channel BNPaperBusiness | 3 Feb 2008 | 8:00 am
Reuters - With his formal training in geology, Tom
Albanese could be excused for believing he'd struck the mother
lode after orchestrating a bump-free $38 billion acquisition of
Alcan just six months into his new job as chief executive of
Rio Tinto, the world's second-largest mining house.
SYDNEY (Reuters) - With his formal training in geology, Tom Albanese could be excused for believing he'd struck the mother lode after orchestrating a bump-free $38 billion acquisition of Alcan just six months into his new job as chief executive of Rio Tinto, the world's second-largest mining house.
SYDNEY (Reuters) - With his formal training in geology, Tom Albanese could be excused for believing he'd struck the mother lode after orchestrating a bump-free $38 billion acquisition of... Source: Infocious RSS raw feed - channel BNewsBusiness | 3 Feb 2008 | 7:59 am
CALL it the Fritos fix for the US economy. Just in time for Super Bowl Sunday, Wal-Mart, the nation's biggest retailer, is rolling out up to 30 percent price cutbacks on thousands of items, including... Source: Infocious RSS raw feed - channel BNPaperBusiness | 3 Feb 2008 | 7:59 am
Yahoo! CEO Jerry Yang's bid to turn around the struggling Internet giant appears to have run out of time - less than a year after being brought in to save the company he co-founded. While he has been... Source: Infocious RSS raw feed - channel BNPaperBusiness | 3 Feb 2008 | 7:59 am
Dear John: Last spring Delta Air Lines emerged from bankruptcy and as part of the deal the airline gave employees stock that went into our Fidelity account. The stock was worth $20.72 a share but fell... Source: Infocious RSS raw feed - channel BNPaperBusiness | 3 Feb 2008 | 7:59 am
General Motors Corp. will introduce a new hybrid full-size pickup and a concept hybrid truck this week at the Chicago Auto Show, betting that pickup drivers have been itching to jump on... Source: Infocious RSS raw feed - channel BNewsBusiness | 3 Feb 2008 | 5:32 am
Faced with record inflation, the European Central Bank is expected to resist pressure for an interest rate cut when its governing council meets this week, in the wake of moves by the US... Source: Infocious RSS raw feed - channel BNewsBusiness | 3 Feb 2008 | 4:09 am
Burkina Faso may be one of the poorest countries on the planet but some of its people are now getting ahead thanks to rising demand in the developed world for organically grown cotton and... Source: Infocious RSS raw feed - channel BNewsBusiness | 3 Feb 2008 | 3:27 am
Some of the cheapest housing of any major European city is attracting a wave of foreign buyers to the German capital, promising a new property boom after a false start after the fall of the Source: Infocious RSS raw feed - channel BNewsBusiness | 3 Feb 2008 | 3:25 am
Downtown Scottsdale is the hottest place to see and be seen at night in the sprawling Phoenix metropolitan area as fans and celebrities pour onto the 786-acre stretch of bars, restaurants and nightclubs during this Super Bowl weekend.
Safety conditions on Shell's five oil platforms in the North Sea have been called into question amid a row over alleged "industrial gangsterism" and claims that a manager in charge of the rigs believes the backlog of maintenance has reached "appalling levels". Source: Telegraph Business | 3 Feb 2008 | 12:01 am
Airport group BAA's sale of its jointly owned £1bn property portfolio has been grounded after failing to secure a buyer. Source: Telegraph Business | 3 Feb 2008 | 12:01 am
There are increasing fears that Icelands boom could lead to a heavy bump as a Northern Rock style crisis threatens the entire banking system. Source: Telegraph Business | 3 Feb 2008 | 12:01 am
The embattled property magnate is dismissive of the traders and hedge funds circling to profit from his recent run of losses. Helen Power and Richard Fletcher report. Source: Telegraph Business | 3 Feb 2008 | 12:01 am
London Scottish Bank (LSB), the debt collection and finance group, is considering the disposal of its invoice finance business as part of a fire sale of assets to repair its capital base after breaching regulatory rules last year. Source: Telegraph Business | 3 Feb 2008 | 12:01 am
Fury over internet bank Egg's decision to stop high-risk customer credit cards has prompted a Labour MP to refer the matter to the banking industry watchdog. Source: Telegraph Business | 3 Feb 2008 | 12:01 am
The concerns over the monoline bond insurers could rock the capital markets still further, says James Quinn Source: Telegraph Business | 3 Feb 2008 | 12:01 am
Lamprell, the oil services group that floated on Aim just over a year ago, is targeting a move to the London Stock Exchange's main market, where it should go straight into the FTSE 250 index. Source: Telegraph Business | 3 Feb 2008 | 12:01 am
Ben Langdon, chief executive of Digital Marketing Group, is torn. He runs a strong business - a collection of online marketing and data businesses in the UK - enjoying growth rates that would bring a smile to any face. Source: Telegraph Business | 3 Feb 2008 | 12:01 am
Bingo clubs and religion rarely collide except when the caller shouts "Heaven's Gate" for number 78. But in a rare meeting of Mammon and God, gambling group Rank has sold its historic Mecca bingo club on London's Kilburn High Road to a gospel church in a £9m deal. Source: Telegraph Business | 3 Feb 2008 | 12:01 am
Reuters - Yahoo Inc said it may take
"quite a bit of time" to weigh its strategic options, including
keeping the company independent, following Microsoft Corp's
$45 billion offer to buy the company.
Investors will attempt to cement a nascent recovery in stocks next week, seeking help from earnings growth outside the battered financial sector and trying to gauge whether much lower interest rates will be enough to prevent the U.S. economy from sliding into recession.
Ukraine may join the WTO on unfavorable terms just to beat Russia to it and gain advantage, Russian Finance Minister Alexei Kudrin said Saturday, adding that Russia would only take an offer Source: Infocious RSS raw feed - channel BNewsBusiness | 2 Feb 2008 | 9:58 pm
British Internet bank Egg has cancelled the credit cards of around 160,000 customers who have a "higher than acceptable risk profile", it said Saturday. Egg, which was bought Source: Infocious RSS raw feed - channel BNewsBusiness | 2 Feb 2008 | 9:44 pm
Australian mining company Oklo Uranium Limited said Saturday the result of prospecting for uranium in Mali was "highly encouraging", with widespread elevated uranium levels in the... Source: Infocious RSS raw feed - channel BNewsBusiness | 2 Feb 2008 | 9:39 pm
Reuters - A senior adviser to French President
Nicolas Sarkozy said France remained opposed to any hostile bid
for Societe Generale , the French bank hit by a
trading scandal.
PARIS (Reuters) - A senior adviser to French President Nicolas Sarkozy said France remained opposed to any hostile bid for Societe Generale , the French bank hit by a trading scandal.
Sen. Barack Obama, D-Ill., may continue to trail Sen. Hillary Clinton, D-N.Y., for delegates, but following an important win in South Carolina last week, the former university professor might be pulling ahead in presidential campaign contributions after collecting a record $32 million in January.
Reuters - U.S. government prosecutors are
investigating whether Swiss banking giant UBS misled investors
by reporting inflated prices of mortgage-backed securities it
held despite knowing those valuations had eroded, the Wall
Street Journal said on Saturday.
CHICAGO (Reuters) - U.S. government prosecutors are
investigating whether Swiss banking giant UBS misled investors
by reporting inflated prices of mortgage-backed securities it
held despite knowing those valuations had eroded, the Wall
Street Journal said on Saturday.
Investors will attempt to cement a nascent recovery in stocks next week, seeking help from earnings growth outside the battered financial sector and trying to gauge whether much lower interest rates will be enough to prevent the U.S. economy from sliding into recession.
Two years ago, AOL was the belle of the Internet ball as its owner, Time Warner, entertained teams of suitors hoping to cozy up to the once-dominant Web portal. Microsoft offered to buy half of AOL, but the board of Time Warner demurred. Yahoo offered to acquire the company with stock, which was also a non-starter. In the end Time Warner settled on a deal under which search giant Google invested $1 billion in AOL in exchange for running its search business.
Investors will attempt to cement a nascent recovery in stocks next week, seeking help from earnings growth outside the battered financial sector and trying to gauge whether much lower interest rates will be enough to prevent the U.S. economy from sliding into recession.
Reuters - With his formal training in geology, Tom
Albanese could be excused for believing he'd struck the mother
lode after orchestrating a bump-free $38 billion acquisition of
Alcan just six months into his new job as chief executive of
Rio Tinto, the world's second-largest mining house.
Reuters - Yahoo Inc said it may take
"quite a bit of time" to weigh its strategic options, including
keeping the company independent, following Microsoft Corp's
$45 billion offer to buy the company.
Reuters - A senior adviser to French President
Nicolas Sarkozy said France remained opposed to any hostile bid
for Societe Generale , the French bank hit by a
trading scandal.
Reuters - U.S. government prosecutors are
investigating whether Swiss banking giant UBS misled investors
by reporting inflated prices of mortgage-backed securities it
held despite knowing those valuations had eroded, the Wall
Street Journal said on Saturday.