A benchmark for a range of commodities at a record high reminds the Federal Reserve that inflation risks loom, even as it concentrates on reviving U.S. economic growth.
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MarketWatch.com - Top Stories | 9 Feb 2008 | 2:00 pm
DAMASCUS, MD (MarketWatch) -- Sitting around a nice warm wood stove when the cold winds howl and the snow never seems to stop is a great way to idle away a February day with friends.
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MarketWatch.com - Top Stories | 9 Feb 2008 | 2:00 pm
Read full story for latest details.
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Business and financial news - CNNMoney.com | 9 Feb 2008 | 1:55 pm
FT.com - The world economy remains vulnerable to downside risks stemming from tighter credit, a deterioration of the US housing market, higher oil prices and rising inflation, according to G7 finance ministers gathering in Tokyo on Saturday.
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Yahoo! News: Business | 9 Feb 2008 | 1:50 pm
G7 finance ministers warn against downside risks facing the world economy and called for increased oil production to help fight inflation
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FT.com - US homepage | 9 Feb 2008 | 1:47 pm
Reuters - A Paris broker was due to appear before
an investigating judge on Saturday as part of a widening probe
into the rogue trading scandal at French bank Societe Generale
, the prosecutor's office said.
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Yahoo! News: Business | 9 Feb 2008 | 1:46 pm
PARIS (Reuters) - A Paris broker was due to appear before an investigating judge on Saturday as part of a widening probe into the rogue trading scandal at French bank Societe Generale , the prosecutor's office said.
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Reuters: Business News | 9 Feb 2008 | 1:45 pm
Lawmakers have given their final seal of approval to a $170 billion plan intended to spark the slowing economy.
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Business and financial news - CNNMoney.com | 9 Feb 2008 | 1:36 pm
Forget flowers and chocolates. Our Valentines should make you money. Check out our picks for this year's most lovable stocks.
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Business and financial news - CNNMoney.com | 9 Feb 2008 | 1:31 pm
TOKYO (Reuters) - Finance leaders of the world's top industrialized nations put on a show of solidarity on Saturday in the face of an economic slowdown and conceded that things could get even worse because of the crumbling U.S. housing market.
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Reuters: Business News | 9 Feb 2008 | 1:01 pm
In case you missed them, here are the top 10 Personal Finance stories from MarketWatch for the week of Feb. 4-8:
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MarketWatch.com - Top Stories | 9 Feb 2008 | 12:50 pm
PARIS (Reuters) - A Paris broker was due to appear before an investigating judge on Saturday as part of a widening probe into the rogue trading scandal at French bank Societe Generale ,...
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Infocious RSS raw feed - channel BNewsBusiness | 9 Feb 2008 | 12:00 pm
Portland's gleaming, $21 million terminal for cruise ships and ferries will open this spring. Another $7 million berth built to accommodate the world's largest cruise ships will follow...
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Infocious RSS raw feed - channel BNewsBusiness | 9 Feb 2008 | 11:53 am
On stage at a sales convention, XanGo executive vice president Joseph Morton said that when he first stumbled across mangosteen, a tropical fruit with purported curative powers, "I didn't
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Infocious RSS raw feed - channel BNewsBusiness | 9 Feb 2008 | 11:49 am
The Delta-Northwest combination inching toward completion would create a new world leader, leapfrogging American Airlines and the Air France- KLM tandem in passenger traffic, but would...
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Infocious RSS raw feed - channel BNewsBusiness | 9 Feb 2008 | 11:22 am
Pressure is building from London’s leading financiers and arts fund raisers for the Government to scrap its controversial tax on non-domiciled foreigners.
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Telegraph Business | 9 Feb 2008 | 11:01 am
Ministers from the Group of Seven wealthy nations pledge action over global economic turmoil, but warn it could get worse.
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BBC News | Business | World Edition | 9 Feb 2008 | 10:44 am
Reuters - Finance leaders of the world's top
industrialized nations put on a show of solidarity on Saturday
in the face of an economic slowdown and conceded that things
could get even worse because of the crumbling U.S. housing
market.
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Yahoo! News: Business | 9 Feb 2008 | 10:40 am
Reuters - U.S. private equity firm Blackstone
is considering a fresh bid for British engineer FKI
, the Independent newspaper said on Saturday.
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Yahoo! News: Business | 9 Feb 2008 | 10:19 am
LONDON (Reuters) - U.S. private equity firm Blackstone is considering a fresh bid for British engineer FKI , the Independent newspaper said on Saturday.
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Infocious RSS raw feed - channel BNewsBusiness | 9 Feb 2008 | 10:19 am
LONDON (Reuters) - U.S. private equity firm Blackstone is considering a fresh bid for British engineer FKI , the Independent newspaper said on Saturday.
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Reuters: Business News | 9 Feb 2008 | 10:19 am
For the big three credit rating agencies, growing criticism this past week that their ratings systems are flawed must have sounded like a familiar refrain. Standard & Poor's, Moody's...
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Infocious RSS raw feed - channel BNewsBusiness | 9 Feb 2008 | 10:06 am
Group of Seven (G7) finance chiefs on Saturday called on China to allow faster appreciation of its currency, the yuan, to try to ease global economic imbalances. "We welcome...
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Infocious RSS raw feed - channel BNewsBusiness | 9 Feb 2008 | 9:06 am
DUBAI (Reuters) - Iran plans to privatize 47 firms in its energy sector worth $90 billion and set up a holding company for these assets which it will list on four international exchanges, a National Iranian Oil Company (NIOC) executive said.
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Reuters: Business News | 9 Feb 2008 | 9:05 am
DUBAI (Reuters) - Iran plans to privatize 47 firms in its energy sector worth $90 billion and set up a holding company for these assets which it will list on four international exchanges, a
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Infocious RSS raw feed - channel BNewsBusiness | 9 Feb 2008 | 9:04 am
MUMBAI (Reuters) - U.S. investment bank Morgan Stanley denied a newspaper report on Saturday which said it was putting its Indian business process outsourcing (BPO) operation, Morgan Stanley Advantage Services Pvt Ltd (MSAS), up for sale.
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Reuters: Business News | 9 Feb 2008 | 8:50 am
MUMBAI (Reuters) - U.S. investment bank Morgan Stanley denied a newspaper report on Saturday which said it was putting its Indian business process outsourcing (BPO) operation, Morgan...
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Infocious RSS raw feed - channel BNewsBusiness | 9 Feb 2008 | 8:50 am
Awho's who of the companies that helped perpetrate the housing market debacle had a get-together in Las Vegas this week.
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Infocious RSS raw feed - channel BNPaperBusiness | 9 Feb 2008 | 8:00 am
The No. 3 U.S. automaker says it will phase out copycat models and reduce dealerships. ...
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Infocious RSS raw feed - channel BNPaperBusiness | 9 Feb 2008 | 8:00 am
For modest fees, services match sellers who are looking to dump their cars with buyers who may not like their dealership's terms. ...
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Infocious RSS raw feed - channel BNPaperBusiness | 9 Feb 2008 | 8:00 am
The most serious of the reported problems occurred in cerebral palsy patients treated with a botulinum-based drug. ...
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Infocious RSS raw feed - channel BNPaperBusiness | 9 Feb 2008 | 8:00 am
The Dow and S & P drop but Nasdaq rises. Financial stocks slide as the corporate credit crunch intensifies. ...
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Infocious RSS raw feed - channel BNPaperBusiness | 9 Feb 2008 | 8:00 am
The growth of the alternative energy in the U.S. is being slowed by a lack of experienced workers. ...
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Infocious RSS raw feed - channel BNPaperBusiness | 9 Feb 2008 | 8:00 am
Alliance Data Systems dropped its lawsuit against The Blackstone Group yesterday in the hopes that it can reach a deal with the buyout firm to complete the stalled $6.6 billion takeover of the credit-card...
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Infocious RSS raw feed - channel BNPaperBusiness | 9 Feb 2008 | 7:45 am
Dre pay Rapper and music producer Dr. Dre wants to investigate Death Row Records to de termine how much the record company owes him for unpaid royal ties from sales of his re cords that accrued after...
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Infocious RSS raw feed - channel BNPaperBusiness | 9 Feb 2008 | 7:45 am
Tiffany & Co. gave a surprisingly glittery forecast for 2008 sales and earnings despite recent worries that luxury spending is slowing, boosting its shares more than 4 percent yesterday. The upscale...
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Infocious RSS raw feed - channel BNPaperBusiness | 9 Feb 2008 | 7:45 am
Goldman Sachs Group Inc., the world's biggest securities firm, expanded its health insurance plans last year to cover sex-reassignment surgery as it seeks to build a more diverse workforce, Fortune reported....
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Infocious RSS raw feed - channel BNPaperBusiness | 9 Feb 2008 | 7:45 am
The world's leading economies pledged to take appropriate action to secure stability in global markets but stopped short of prescribing specific measures, according to a draft statement...
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Infocious RSS raw feed - channel BNewsBusiness | 9 Feb 2008 | 7:36 am
Investors will closely monitor data next week, given concerns that a recession might already be at hand, while a renewed surge in commodities prices is raising concerns inflation.
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MarketWatch.com - Top Stories | 9 Feb 2008 | 5:01 am
NEW YORK (Reuters) - Stocks fell on Friday as investors lost their appetite for risk and sold shares of financials, home builders and other sectors that have been at the center of the credit market crisis.
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Reuters: Business News | 9 Feb 2008 | 4:47 am
CARACAS (Reuters) - Venezuela accused Exxon Mobil of legal "terrorism" on Friday after the giant oil company won court orders freezing $12 billion of the major crude supplier's assets in a dispute at the heart of a worldwide fight for control of natural resources.
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Reuters: Business News | 9 Feb 2008 | 4:19 am
Reuters - U.S. automaker Chrysler LLC
plans to shrink its dealer network and cut some vehicles that
compete with its each other for customers to become a smaller,
profitable company, an executive said on Friday.
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Yahoo! News: Business | 9 Feb 2008 | 2:59 am
CHICAGO/DETROIT (Reuters) - U.S. automaker Chrysler LLC plans to shrink its dealer network and cut some vehicles that compete with its each other for customers to become a smaller, profitable company, an executive said on Friday.
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Reuters: Business News | 9 Feb 2008 | 2:59 am
NEW YORK (Reuters) - Yahoo Inc's board met by telephone on Friday and discussed strategy for getting Microsoft Corp to raise its $42 billion offer for the company and the possibility of hiring Google Inc to run Yahoo's search, the Wall Street Journal said.
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Reuters: Business News | 9 Feb 2008 | 2:28 am
Microsoft is facing an additional probe by European antitrust regulators focused on the promotion of a controversial file format.
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MarketWatch.com - Top Stories | 9 Feb 2008 | 1:17 am
Yahoo board meets to discuss responses to Microsoft’s acquisition offer, including dodging the bid by outsourcing to Google.
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MarketWatch.com - Top Stories | 9 Feb 2008 | 1:10 am
German investment bank WestLB is to lay off around 25pc of its workforce as its regional government owners agreed to provide €5bn (£3.7bn) of public funds to bail out the bank from its trading and sub-prime losses.
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Telegraph Business | 9 Feb 2008 | 1:01 am
Chrysler has launched a drive to consolidate its North American dealer network and trim its product line-up as part of a widening shake-up at the smallest of the three Detroit-based carmakers
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FT.com - US homepage | 9 Feb 2008 | 12:53 am
Ethanol may fuel global warming
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Investor's Business Daily: BUSINESS | 9 Feb 2008 | 12:41 am
Welcome to the corn vs. soybean smackdown, part two. Soybeans ceded the first round when an early 2007 spike in corn prices prodded farmers to...
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Investor's Business Daily: BUSINESS | 9 Feb 2008 | 12:41 am
Oil companies and meat producers cringed when the Energy Policy Act was signed into law in August 2005. The law mandated refiners blend an...
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Investor's Business Daily: BUSINESS | 9 Feb 2008 | 12:41 am
Yahoo board talks about buyout
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Investor's Business Daily: BUSINESS | 9 Feb 2008 | 12:41 am
Gold prices have reached record highs of more than $900 an ounce, as worries about the quality of paper assets have led investors to seek a safe...
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Investor's Business Daily: BUSINESS | 9 Feb 2008 | 12:41 am
Yahoo's board discussed its response to Microsoft's unsolicited takeover offer on day but broke up without issuing any formal response to the proposal
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FT.com - US homepage | 9 Feb 2008 | 12:41 am
The Government may hold Northern Rock's shareholders to ransom by pledging to underwrite the stricken lender's debt for three years only if investors agree to Downing Street's choice for who should run the bank.
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Telegraph Business | 9 Feb 2008 | 12:01 am
The stuttering global economy has taken the sparkle out of De Beers' diamond sales. The world's biggest diamond company, part-owned by mining giant Anglo American, said yesterday sales in 2007 fell 3pc to $6.84bn (£3.5bn), while warning that future sales are subject to a "high level of uncertainty".
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Telegraph Business | 9 Feb 2008 | 12:01 am
Ford's planned sale of car makers Jaguar and Land Rover (JLR) faces new hurdles after trade unions demanded further guarantees over job security and the US motor giant's continuing relationship with the two UK companies.
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Telegraph Business | 9 Feb 2008 | 12:01 am
The London Stock Exchange has asked the Financial Services Authority to investigate following a dramatic fall in the Premier Food share price.
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Telegraph Business | 9 Feb 2008 | 12:01 am
The chief executive of Russian nickel company Norilsk Nickel, Denis Morozov, flew to London this week to persuade institutional investors to back him in his fight against Rusal, the aluminium producer owned by oligarch Oleg Deripaksa.
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Telegraph Business | 9 Feb 2008 | 12:01 am
EXXONMOBIL, the world's second largest company, has struck back against Venezuela by winning court orders freezing up to $12bn (£6.2bn) of assets belonging to the country's state-owned oil company PDVSA.
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Telegraph Business | 9 Feb 2008 | 12:01 am
Biffa's 4,000 binmen are set to collect around £1,000 each after the waste disposal group recommended a £1.2bn bid by a private equity consortium.
Source:
Telegraph Business | 9 Feb 2008 | 12:01 am
Move over Perez Hilton. Step aside Guido Fawkes. For Carl Icahn is about to join your ranks. Yes, Icahn, the septuagenarian investor better known for activist investing, is to take the plunge and become an internet blogger.
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Telegraph Business | 9 Feb 2008 | 12:01 am
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CNBC Top News and Analysis | 9 Feb 2008 | 12:00 am
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CNBC Top News and Analysis | 9 Feb 2008 | 12:00 am
Another grueling week for Wall Street could be in store, even as some see value among the wreckage. The Senate and House of Representatives have approved a $168 million stimulus package aimed at aiding businesses and individuals amid a slowing economy.
In an unusually strong show of bipartisanship, the measure passed the Senate, 81-16, with the House quickly adopting the Senate's changes last night, in a 380-34 vote.
President Bush said today that he would sign the economic stimulus package into law next week.
The legislation will provide one-time rebates of up to $600 for individuals or $1,200 for couples, plus $300 for each child. The amounts begin to phase out at incomes above $75,000 for individuals and $150,000 for married couples. People who don't pay taxes but have incomes of at least $3,000, retirees on Social Security, and disabled veterans and their surviving spouses, would receive checks for $300.
The final bill closely followed the package passed by Congress last month, but fell short of the goals of many Democrats, who wanted more benefits for the long-term unemployed, the elderly, and the poor. The Senate did add benefits for elderly and disabled veterans, who had been left out of the House bill, and added language to ensure illegal immigrants did not receive rebate checks.
Democrats also pressed for more help on housing, proposing to raise the amount states can offer to help fund low-income housing and low-interest mortgages. In the end, they dropped those requests along with broader proposed benefits for long-term unemployed workers in order to gain Republican support.
On the business side, the measure contains provisions allowing businesses to more quickly write off equipment purchases made this year, and gives small firms greater ability to write off their expenses.
Though the Senate tried a broader bill that failed on Wednesday night, they were able to pass the measure well before a self-imposed February 15 deadline.
Related LinksThe widening of the investigation comes as the Paris prosecutor is seeking to have Kerviel put in detention, contending that he may try to flee.
Kerviel, who has been free since January 28, has been accused of breach of trust and computer tampering, but he has not been charged with fraud.
The Times of London says that if prosecutors can show that others aided the trader, they "may have new grounds to press fraud charges." Société Générale maintains that Kerviel acted alone.
"The entire mechanism of the fraud needs to be verified, and for the moment we only have the evidence provided by Société Générale," said Ulrika Weiss, spokeswoman for the prosecutor, according to the BBC.
Kerviel has said he will not be made a "scapegoat" by Société Générale.
Related Links
AFP - Global stock markets were walloped with a collective loss of 5.2 trillion dollars in the month of January as investors scurried for cover in the face of economic uncertainty, a report showed Friday.
Reuters - U.S. President George W. Bush said
on Friday he would sign a $152 billion economic stimulus
package into law next week.
