EU to warn firms on text charging

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

Nokia unveils four new multimedia mobile phones

BARCELONA (MarketWatch) -- Nokia Corp. unveiled four new multimedia mobile phones on Monday including successors to two of its bestselling models.


Source: MarketWatch.com - Top Stories | 11 Feb 2008 | 11:58 am

Chocolate bar makers raided in German probe

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.


Source: Reuters: Business News | 11 Feb 2008 | 11:55 am

Reliance Power falls 17% on debut

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

Stocks poised for weak open

U.S. stock futures made modest gains Monday as investors weighed speculation of about a number of major corporate deals.


Source: Business and financial news - CNNMoney.com | 11 Feb 2008 | 11:46 am

Hasbro profit rises on Transformers, Nerf sales

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.


Source: Reuters: Business News | 11 Feb 2008 | 11:46 am

Property market continues to cool

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

Wall St set for steady start, Yahoo in focus

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.


Source: Reuters: Business News | 11 Feb 2008 | 11:33 am

Oil holds above $91, Venezuela threat supports

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.


Source: Reuters: Business News | 11 Feb 2008 | 11:31 am

Updates, advisories and surprises

A roundup of the latest corporate earnings reports and what companies are saying about future quarters.


Source: MarketWatch.com - Top Stories | 11 Feb 2008 | 11:31 am

SocGen to offer cut-price shares

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

Countrywide Financial, Acorn reach subprime agreement

(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.


Source: Reuters: Business News | 11 Feb 2008 | 11:25 am

Motorola, Nortel reportedly in talks to combine units

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.


Source: Reuters: Business News | 11 Feb 2008 | 11:17 am

Wall St set for steady start, Yahoo in focus (Reuters)

(L-R) Traders Jeffery Goodwin, Marc Eisenberg and Christian Schwerd work in the Euro Options pit at the Chicago Mercantile Exchange February 8, 2008. The dollar fell against the euro on Friday after a magazine report said OPEC may adopt the euro and abandon the dollar when pricing oil. REUTERS/John Gress (UNITED STATES)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.



Source: Yahoo! News: Business | 11 Feb 2008 | 11:17 am

U.S. stock futures steady to start the week

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.


Source: MarketWatch.com - Top Stories | 11 Feb 2008 | 11:15 am

Countrywide to aid more borrowers (AP)

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

Gas prices pull back

Read full story for latest details.


Source: Business and financial news - CNNMoney.com | 11 Feb 2008 | 11:06 am

Countrywide expands scope of mortgage help

Read full story for latest details.


Source: Business and financial news - CNNMoney.com | 11 Feb 2008 | 11:04 am

Regulators raid chocolate firms

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

Campaigning in hard times

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.


Source: Business and financial news - CNNMoney.com | 11 Feb 2008 | 10:45 am

Writers strike may be nearing end


Source: Business and financial news - CNNMoney.com | 11 Feb 2008 | 10:43 am

Complex credit cards criticised

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

Producer prices at 16-year-high

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 sink

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.


Source: Business and financial news - CNNMoney.com | 11 Feb 2008 | 10:30 am

Societe Generale tries to plug capital gap

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.


Source: Business and financial news - CNNMoney.com | 11 Feb 2008 | 10:25 am

Delta, Northwest may merge after union talks: report

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.


Source: Reuters: Business News | 11 Feb 2008 | 10:24 am

Delta, Northwest may merge after union talks: report (Reuters)

A Northwest Airlines A319-114 aircraft takes off at Detroit Metropolitan Airport in Romulus, Michigan September 14, 2005. 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. (Rebecca Cook/Reuters)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.



Source: Yahoo! News: Business | 11 Feb 2008 | 10:24 am

Yahoo seeks to restart merger talks with AOL: paper

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.


Source: Reuters: Business News | 11 Feb 2008 | 10:17 am

Hong Kong, Mumbai extend loss-making run

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.


Source: MarketWatch.com - Top Stories | 11 Feb 2008 | 10:17 am

Growth worries batter global stocks

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.


Source: Reuters: Business News | 11 Feb 2008 | 10:12 am

U.S. dollar weakens on global inflation concerns

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.


Source: MarketWatch.com - Top Stories | 11 Feb 2008 | 10:12 am

12 ways to recession-proof your life

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.


Source: Business and financial news - CNNMoney.com | 11 Feb 2008 | 10:11 am

Outraged eBay sellers plot strike

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.


Source: Business and financial news - CNNMoney.com | 11 Feb 2008 | 10:07 am

Platinum price hits record high amid S.Africa power crisis

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

Two GCap digital stations closed

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 edge lower, as PPI jump offsets oil producer gains

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.


Source: MarketWatch.com - Top Stories | 11 Feb 2008 | 9:56 am

IKB share plunge on reports of more subprime-related woes

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 eyes merger talks with AOL - report

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.


Source: Business and financial news - CNNMoney.com | 11 Feb 2008 | 9:53 am

Oil Retreats Below $92 After Big Gain

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 axes stations to cut costs by £9m

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

Nestle raided as part of German cartel probe

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

Hollywood Writers to Vote on Contract

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

The week ahead

A guide to company results and meetings, and economic statistics.
Source: Telegraph Business | 11 Feb 2008 | 9:00 am

Reliance Power drops as $3 billion IPO debuts in Mumbai

Shares of Reliance Power Ltd., which raised $3 billion to mark India’s largest initial public offering to date, dropped on their Monday debut.


Source: MarketWatch.com - Top Stories | 11 Feb 2008 | 8:56 am

SocGen plans $8 bln rights issue at steep discount

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.


Source: MarketWatch.com - Top Stories | 11 Feb 2008 | 8:56 am

Stocks in Europe drop on concerns over oil, banks

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.


Source: MarketWatch.com - Top Stories | 11 Feb 2008 | 8:53 am

SocGen launches rights issue at deep discount

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.


Source: Reuters: Business News | 11 Feb 2008 | 8:45 am

German cartel office probes chocolate price hikes: report

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

Rio reiterates opposition to BHP

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, Nortel reportedly in wireless gear JV talks

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.


Source: MarketWatch.com - Top Stories | 11 Feb 2008 | 8:35 am

Banks lead London lower

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

BRIT BREAKDOWN

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

CHILL FACTOR

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

M'SOFT GIANT RISING

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

BUSINESS BRIEFS

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

SEC IS SICCED ON 'SKIM' SCAMSTERS

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

FINANCE SITE PUTS UP MAIN ST. SHINGLE

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

SocGen launches rights issue at deep discount (Reuters)

The entrance to the headquarters of French bank Societe Generale in La Defense, outside Paris, January 30, 2008. Societe Generale, 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 U.S. subprime crisis. (Benoit Tessier/Reuters)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.



Source: Yahoo! News: Business | 11 Feb 2008 | 8:13 am

Wins yet worries for Internet stocks

Overvaluation and recession concerns challenge the sector. When shares of Yahoo Inc....
Source: Infocious RSS raw feed - channel BNPaperBusiness | 11 Feb 2008 | 8:00 am

Petrobras' global quest for power

The Brazilian oil giant has emerged as an innovator willing to stake claims far afield. ...
Source: Infocious RSS raw feed - channel BNPaperBusiness | 11 Feb 2008 | 8:00 am

Société Générale launches €5.5bn rights issue

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

Yahoo seeks to restart merger talks with AOL: paper (Reuters)

A Yahoo! signs sits out front of their headquarters in Sunnyvale, California, February 1, 2008. 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. (Kimberly White/Reuters)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.



Source: Yahoo! News: Business | 11 Feb 2008 | 7:45 am

SocGen launches rights issue at deep discount

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

UK firms fear falling order books

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

Yahoo seeks to restart merger talks with AOL: paper

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

Tips for Avoiding ID Fraud

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 to aid more borrowers

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

Motorola, Nortel reportedly in talks to combine units (Reuters)

A man rides past a Motorola mobile phone shop in the downtown of Vietnam's southern Ho Chi Minh city May 31, 2006. 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. (Kham/Reuters)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.



Source: Yahoo! News: Business | 11 Feb 2008 | 4:51 am

Clinton reshuffle after Obama claims lead

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

Bank of England likely to miss inflation target

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

Eaga to win BBC digital switchover deal

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 to open EMI back catalogue

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

Tighter controls on Network Rail likely

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

Why Yahoo! said No to bid

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

FSA to investigate Premier Foods fall

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

Gordon Brown's spree 'cost £14bn'

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

Rover investigators run up £130,000 expenses

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 Raises Cash at Deep Discount

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.

Source: CNBC Top News and Analysis | 11 Feb 2008 | 12:00 am

Pimco's New Money Man Talks Investment Strategy


Source: CNBC Top News and Analysis | 11 Feb 2008 | 12:00 am

Motorola, Nortel in Talks to Combine Units: WSJ

Motorola and Nortel Networks are in talks to combine their wireless infrastructure units, the Wall Street Journal reported, quoting people familiar with the situation.
Source: CNBC Top News and Analysis | 11 Feb 2008 | 12:00 am

Oil Holds Near $92, Venezuela Threat Supports

Oil held near $92 a barrel on Monday, supported by Venezuela's threat to stop sending oil to the world's top fuel consumer the United States.
Source: CNBC Top News and Analysis | 11 Feb 2008 | 12:00 am

CNBC's Top Videos of the Week


Source: CNBC Top News and Analysis | 11 Feb 2008 | 12:00 am

Hasbro Profit Rises on Transformers, Nerf Sales

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.
Source: CNBC Top News and Analysis | 11 Feb 2008 | 12:00 am

China turns to economic controls (AP)

A vendor arranges pork at her stall in a market in Beijing November 13, 2007. Beset by inflation galloping at a decade high of more than 6 percent, the government has steadily widened price controls, finally freezing all food prices last month as well as clamping limits on fertilizer prices and raising price supports for rice and wheat. (AP Photo/Greg Baker)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.



Source: Yahoo! News: Business | 10 Feb 2008 | 10:30 pm

Iran banks seek to sidestep US curbs

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

BASF chief dismisses financial 'panic'

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

Trading in CDOs slows to a trickle

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 set to approach Yahoo shareholders

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 put up shutters to weather storm

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

US studios close deal with writers

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 eyes China and India

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

Subprime losses could rise to $400bn

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

Retail in focus this week on Wall Street (AP)

Customers enter a Costco warehouse store in Matthews, N.C., Thursday, Feb. 7, 2008.  Among the few winners reporting January sales figures Thursday was Costco Wholesale Corp., whose results beat Wall Street expectations.  Costco reported a 7 percent gain in same-store sales, surpassing the 6.6 percent estimate. (AP Photo/Chuck Burton)AP - Americans are paying more attention to how much they spend on each box of cereal, tank of gasoline and pair of pants — and Wall Street is, too.



Source: Yahoo! News: Business | 10 Feb 2008 | 7:34 pm