Regulators will tell Europe's mobile phone operators to cut the cost of overseas texting and internet access. Source: BBC News | Business | World Edition | 11 Feb 2008 | 12:08 pm
FRANKFURT (Reuters) - Investigators raided the German offices of chocolate bar makers Mars, Ritter, Nestle and Kraft, the companies said on Monday, on suspicion they colluded over price increases.
Shares in Reliance Power fall 17% on their first day of trading in India's biggest stock market flotation. Source: BBC News | Business | World Edition | 11 Feb 2008 | 11:54 am
NEW YORK (Reuters) - Hasbro Inc , the second-largest U.S. toy company, posted a higher quarterly profit on Monday, boosted by strong demand for its Transformers, Nerf ball and Furreal Friends product lines.
The annual rate of house price growth falls, despite a slight price gain in December, government figures show. Source: BBC News | Business | World Edition | 11 Feb 2008 | 11:35 am
LONDON (Reuters) - Stock index futures indicated a positive open on Wall Street on Monday in a thin day for earnings, while technology shares might grab attention as Yahoo was set to rebuff a takeover bid from Microsoft.
LONDON (Reuters) - Oil held above $91 a barrel on Monday, supported by Venezuela's threat to stop sending oil to the world's top fuel consumer the United States.
Scandal-hit bank Societe Generale unveils plans to sell shares at a 40% discount to raise 5.5bn euros. Source: BBC News | Business | World Edition | 11 Feb 2008 | 11:29 am
(Reuters) - Mortgage lender Countrywide Financial Corp and housing advocacy group ACORN said they have reached an agreement to formalize workout programs to help borrowers with all types of subprime loans avoid foreclosure.
NEW YORK (Reuters) - Motorola Inc and Nortel Networks Corp are in talks to combine their wireless infrastructure units, the Wall Street Journal reported, quoting people familiar with the situation.
Reuters - Stock index futures indicated a positive
open on Wall Street on Monday in a thin day for earnings, while
technology shares might grab attention as Yahoo was
set to rebuff a takeover bid from Microsoft.
U.S. stock futures were steady in early action on Monday, with a flood of data due later in the week that could provide further evidence of the fragile state of the U.S. economy.
AP - Countrywide Financial Corp., under pressure to help stem growing home loan defaults, says it will expand programs to help borrowers manage their mortgage payments regardless of the type of subprime loan they have or whether they have already fallen behind on payments. Source: Yahoo! News: Business | 11 Feb 2008 | 11:12 am
Competition authorities raid the German offices of some of world's biggest manufacturers of chocolate. Source: BBC News | Business | World Edition | 11 Feb 2008 | 10:58 am
In case there was any doubt before, exit polls from the primaries now confirm a central truth of the '08 presidential election: The economy has replaced Iraq as the No. 1 concern of voters, and they are deeply worried. Slowing growth, rising home foreclosures, cranky consumer spending, nausea-inducing market swings, and the possibility of $4-a-gallon gas - that pileup of economic indicators has blanketed this presidential campaign with a chill not seen in 16 years. "Pessimism is not as deep as it was leading up to the 1980 or 1992 elections, but it could get there," says Karlyn Bowman, public opinion scholar at the American Enterprise Institute.
The Office of Fair Trading criticises credit card companies for making cards difficult to compare. Source: BBC News | Business | World Edition | 11 Feb 2008 | 10:41 am
Rising petrol and food costs push the price inflation of goods leaving UK factories to a new 16-year high. Source: BBC News | Business | World Edition | 11 Feb 2008 | 10:41 am
Hong Kong shares closed Monday sharply lower, with the main index driven well below the 23,000-point support level by persistent worries about a global economic slowdown and mounting losses from the subprime mortgage crisis.
Societe Generale on Monday launched a heavily discounted €5.5 billion (around $8 billion) rights issue as it attempts to fill a capital gap the French bank says was caused by trader Jerome Kerviel, while also lifting its net profit forecast for 2007.
NEW YORK (Reuters) - Delta Air Lines Inc and
Northwest Airlines Corp may reach a merger agreement
within weeks after sharing details of their plans with pilot
unions, according to a report on Bloomberg.com citing people
familiar with the talks.
Reuters - Delta Air Lines Inc and
Northwest Airlines Corp may reach a merger agreement
within weeks after sharing details of their plans with pilot
unions, according to a report on Bloomberg.com citing people
familiar with the talks.
LONDON (Reuters) - Yahoo is seeking to restart merger talks with AOL as a means of defending itself against an unsolicited bid approach from Microsoft, the Times newspaper said on Monday.
Asian markets declined Monday, with South Korean, Hong Kong and Singaporean shares extending their decline on worries about the U.S. economy as trading resumed after the Lunar New Year holidays.
LONDON (Reuters) - Worries about a deeper global economic slowdown than expected battered equities on Monday and hit the dollar while commodity prices soared, adding fears of inflation to the mix.
The U.S. dollar fell on Monday against the euro, the British pound and the Australian dollar as concerns over inflation rattled traders around the globe.
Falling home values, rising unemployment, declining confidence among consumers and businesses and, lately, a swooning stock market. We may or may not be entering an official recession (defined as two consecutive quarters of shrinking economic activity), but either way 2008 has gotten off to a scarier start than most anyone predicted.
Ever since eBay announced changes to its feedback rules and fee structure last week, sellers have been irate, exploding onto message boards and blogs with discussions about how the new policies will affect their businesses. But when the idea of a strike was floated, some sellers and buyers decided to get more organized about expressing their displeasure.
The price of platinum struck an historic high nearing 1,900 dollars here Monday on supply disruptions caused by power shortages in South Africa, the white metal's biggest producer, traders... Source: Infocious RSS raw feed - channel BNewsBusiness | 11 Feb 2008 | 10:02 am
Radio broadcaster GCap is to cut two digital stations in order to focus on key outlets such as Capital. Source: BBC News | Business | World Edition | 11 Feb 2008 | 9:58 am
U.K. stocks edged lower on Monday, with a faster-than-forecast increase in wholesale inflation offsetting gains in the oil and gas sector after a big move up in energy prices.
Shares in German lender IKB plunged by 11.39 percent in early trades on Monday following press reports that it could be hit harder than expected by the US subprime housing crisis. Source: Infocious RSS raw feed - channel BNewsBusiness | 11 Feb 2008 | 9:53 am
Yahoo Inc is seeking to restart merger talks with Time Warner Inc. unit AOL as a means of defending itself against the 45 bln usd hostile bid approach from Microsoft Corp, The Times newspaper reported, without citing sources.
Oil prices fell Monday, retreating after spiking to almost $93 a barrel on Venezuelan President Hugo Chavez's threat to cut off oil sales to the United States in retaliation for legal... Source: Infocious RSS raw feed - channel BNewsBusiness | 11 Feb 2008 | 9:31 am
GCap Media, the owner of London's Capital Radio, has announced radical plans to cut costs by almost £9m by shutting down two radio stations and scaling back its investment in digital technology. Source: Telegraph Business | 11 Feb 2008 | 9:15 am
FRANKFURT (Reuters) - Nestle operations in Germany were raided last week as part of a German cartel office investigation of suspected price-fixing by chocolate makers, the company said on... Source: Infocious RSS raw feed - channel BNewsBusiness | 11 Feb 2008 | 9:12 am
TV producers say they expect writers to return to work as early as Wednesday now that the Writers Guild of America has moved to end its three-month-old strike. On Sunday, guild leaders Source: Infocious RSS raw feed - channel BNewsBusiness | 11 Feb 2008 | 9:04 am
Societe Generale, the French bank rocked by over $7 billion of losses from unauthorized trading, on Monday set out plans for a rights issue at a steep 39% discount as it also revealed almost 600 million euros of previously undisclosed write-downs.
European shares moved lower on Monday morning, on concerns over gains in oil prices and over banks as Societe Generale said that it intends to raise $8 billion via a discounted share offer and as write-down fears mounted.
PARIS (Reuters) - Societe Generale, the French bank reeling from a rogue trading scandal, launched a rights issue at a steep discount on Monday, aiming to raise 5.5 billion euros ($7.97 billion) to bolster its balance sheet.
Germany's Federal Cartel Office and prosecutors have raided the offices of seven confectionery groups including Kraft, Nestle, Mars and Ritter on suspicion of chocolate price fixing, a... Source: Infocious RSS raw feed - channel BNewsBusiness | 11 Feb 2008 | 8:41 am
The board of Rio Tinto on Monday wrote to shareholders explaining its rejection last week of BHP Billiton's revised $147bn (75bn) paper offer. The letter from Paul Skinner, chairman, underscored the... Source: Infocious RSS raw feed - channel BNPaperBusiness | 11 Feb 2008 | 8:37 am
Motorola Inc. and Nortel Networks Corp. are reportedly in talks to join their wireless-infrastructure units, potentially becoming the latest set of firms to respond to slow growth in the industry with a combination.
London equity markets followed Asian stocks lower on Monday with banks and builders leading the losses after broker downgrades. In opening trade, the blue-chip FTSE 100 was down 49 points, or 0.9 per... Source: Infocious RSS raw feed - channel BNPaperBusiness | 11 Feb 2008 | 8:35 am
After a week that saw Britney Spears enter, then exit a psychiatric hospital amid allegations that her manager had drugged her, we'd be crazy ourselves not to take a look at the treatment the fallen star... Source: Infocious RSS raw feed - channel BNPaperBusiness | 11 Feb 2008 | 8:34 am
Top music downloads1. No One, Alicia Keys2. Cyclone, Baby Bash3. Sweetest Girl, Wyclef Jean4. Apologize, OneRepublic5. Falsetto, The-Dream6. I Know, Jay-Z7. The Pretender, Foo Fighters8. Picture to Burn,... Source: Infocious RSS raw feed - channel BNPaperBusiness | 11 Feb 2008 | 8:34 am
Don't expect Microsoft chief Steve Ballmer to be deterred by Yahoo!'s rejection of his unsolicited takeover offer as he continues to press his case that the software giant can do a better job of running... Source: Infocious RSS raw feed - channel BNPaperBusiness | 11 Feb 2008 | 8:34 am
Oil 'war' President Hugo Cha vez of Venezuela threat ened to cut off oil sales to the US in an "eco nomic war" if Exxon Mobil wins court judgments to seize bil lions of dollars of the na tion's assets.... Source: Infocious RSS raw feed - channel BNPaperBusiness | 11 Feb 2008 | 8:34 am
The final chapter begins today in the biggest prosecution ever of deep-rooted fraud at the New York Stock Exchange, which knocked the Big Board to its knees and forever changed its 215-year-old ways. ... Source: Infocious RSS raw feed - channel BNPaperBusiness | 11 Feb 2008 | 8:34 am
TheStreet.com is rolling out mainstreet.com today in a bid to expand beyond its pure-play financial focus and add celebrity news with a personal finance angle. "We're merging current events and celebrity... Source: Infocious RSS raw feed - channel BNPaperBusiness | 11 Feb 2008 | 8:34 am
Reuters - Societe Generale, the French bank reeling
from a rogue trading scandal, launched a rights issue at a
steep discount on Monday, aiming to raise 5.5 billion euros
($7.97 billion) to bolster its balance sheet.
Société Générale, the French bank reeling from a trading scandal, launched a rights issue at a steep discount on Monday to bolster its balance sheet after losses due to the US subprime crisis. Source: FT.com - US homepage | 11 Feb 2008 | 7:57 am
Reuters - Yahoo is seeking to restart
merger talks with AOL as a means of defending itself
against an unsolicited bid approach from Microsoft ,
the Times newspaper said on Monday.
PARIS (Reuters) - Societe Generale, the French bank reeling from a rogue trading scandal, launched a rights issue at a steep discount on Monday to bolster its balance sheet. Source: Infocious RSS raw feed - channel BNewsBusiness | 11 Feb 2008 | 7:13 am
The CBI says UK small and medium businesses expect domestic orders to fall in coming months. Source: BBC News | Business | World Edition | 11 Feb 2008 | 7:13 am
LONDON (Reuters) - Yahoo is seeking to restart merger talks with AOL as a means of defending itself against an unsolicited bid approach from Microsoft , the Times newspaper said on Source: Infocious RSS raw feed - channel BNewsBusiness | 11 Feb 2008 | 7:05 am
suggestions on ways consumers can protect themselves from identity theft: _ Monitor your accounts regularly. _ Review credit reports at least once a year. _ Never provide... Source: Infocious RSS raw feed - channel BNewsBusiness | 11 Feb 2008 | 5:41 am
Countrywide Financial Corp., under pressure to help stem growing home loan defaults, says it will expand programs to help borrowers manage their mortgage payments regardless of the type... Source: Infocious RSS raw feed - channel BNewsBusiness | 11 Feb 2008 | 5:03 am
Reuters - Motorola Inc and Nortel
Networks Corp are in talks to combine their wireless
infrastructure units, the Wall Street Journal reported, quoting
people familiar with the situation.
Hillary Clinton replaced her campaign manager following Barack Obama's thumping triple victory on Saturday, but Mr Obama notched up another victory Sunday in Maine Source: FT.com - US homepage | 11 Feb 2008 | 4:20 am
The Bank of England will use this week's closely-watched Inflation Report to warn of a high probability that it could miss its inflation target in the coming months. Source: Telegraph Business | 11 Feb 2008 | 1:01 am
The BBC has named green support services company eaga as the preferred supplier to provide the digital switchover help scheme, a five-year contract to help millions of Britons switch from analogue to digital television. Source: Telegraph Business | 11 Feb 2008 | 12:05 am
Guy Hands is throwing 300,000 of EMI's music tracks open to advert-isers, TV producers and computer games makers in a bid to cash in on its vast back catalogue. Source: Telegraph Business | 11 Feb 2008 | 12:01 am
Network Rail faces tighter controls under plans to be unveiled by the regulator this week. The heavily criticised infrastructure company will be told to cut costs and get a stronger grip on the country's track and signalling system. Source: Telegraph Business | 11 Feb 2008 | 12:01 am
Yahoo! is today expected to set out its reasons for rejecting Microsoft's $42bn (£21.5bn) bid for the internet search giant. Source: Telegraph Business | 11 Feb 2008 | 12:01 am
Short-sellers had staked more than £100m on the Premier Foods' stock falling ahead of last week's dramatic share price collapse. Source: Telegraph Business | 11 Feb 2008 | 12:01 am
The Government's spending splurge since 2000 has cost Britain almost £14bn worth of potential economic growth, the European Central Bank believes. Source: Telegraph Business | 11 Feb 2008 | 12:01 am
The Government has admitted spending £130,000 over a nine-month period on hotel stays and food and drink for investigators looking into the collapse of car maker MG Rover. Source: Telegraph Business | 11 Feb 2008 | 12:01 am
Societe Generale, the French bank reeling from a rogue trading scandal, launched a rights issue at a steep discount on Monday, aiming to raise 5.5 billion euros ($7.97 billion) to bolster its balance sheet.
Motorola and Nortel Networks are in talks to combine their wireless infrastructure units, the Wall Street Journal reported, quoting people familiar with the situation.
Hasbro, the second-largest U.S. toy company, posted a higher quarterly profit Monday, boosted by strong demand for its Transformers, Nerf ball and Furreal Friends product lines.
AP - Fighting stubbornly high inflation, China's leaders dusted off a blunt tool from its pre-market reform era and commanded utility companies to freeze electricity prices.
Iran's first investment banks will start operating next month, part of Tehran's effort to circumvent US restrictions on its financial sector Source: FT.com - US homepage | 10 Feb 2008 | 10:08 pm
The chief executive of BASF accused the financial industry of "panicking" about the economic effect of the credit crunch as he forecast that the US was unlikely to suffer a recession this year Source: FT.com - US homepage | 10 Feb 2008 | 10:05 pm
The market for complex debt securities has seen its worst start to the year in more than 10 years with issuance of collateralised debt obligations grinding to a near halt worldwide Source: FT.com - US homepage | 10 Feb 2008 | 10:05 pm
Microsoft is gearing up to take its bid to acquire Yahoo directly to the Silicon Valley company's shareholders after the expected rejection of the software giant's $31 a share offer Source: FT.com - US homepage | 10 Feb 2008 | 10:05 pm
Hedge funds are beginning to close their doors or lay off teams of traders in response to the unprecedented gridlock in the debt markets, which has led to losses and significantly reduced the amount of money banks are lending clients Source: FT.com - US homepage | 10 Feb 2008 | 10:05 pm
Hollywood studios are gearing up to restart television production after leaders of the writers' guild backed a deal that would end the industry's worst labour stoppage in two decades Source: FT.com - US homepage | 10 Feb 2008 | 8:25 pm
Sony Ericsson has designated India, China and the US priorities while it seeks to become one of the three largest mobile phone makers by 2011 Source: FT.com - US homepage | 10 Feb 2008 | 8:16 pm
Peer Steinbrück, German finance minister, speaking at the meeting of G7 finance ministers in Japan warned that losses related to subprime mortgages in the US could rise to $400bn and that governments may have to inject capital to rescue banks Source: FT.com - US homepage | 10 Feb 2008 | 7:35 pm