Deutsche Post boss Klaus Zumwinkel, who is under investigation for tax evasion, offers to quit.
Source:
BBC News | Business | World Edition | 15 Feb 2008 | 12:28 pm
Among the companies whose shares are expected to see active trade in Friday's session are the bond insurers, the coal producers, Chipotle, Clear Channel, New York Times and Priceline.
Source:
MarketWatch.com - Top Stories | 15 Feb 2008 | 12:20 pm
NEW YORK (Reuters) - Stock index futures were little changed on Friday after the previous session's sharp sell-off, with investors cautious about the outlook for the U.S. economy and deteriorating credit markets.
Source:
Reuters: Business News | 15 Feb 2008 | 12:17 pm
Harry Macklowe isn't afraid of bad weather. Three years ago a storm came up while the New York developer was sailing with friends near the Corsican coast on Unfurled, his 112-foot yacht. His wife, Linda, and their guests, attorney Samuel Lindenbaum and his spouse, took refuge in their cabins. They were all seasick. Macklowe, however, donned foul-weather gear and happily went up on deck to help sail the yacht with his captain and crew. "It was amazing," Lindenbaum recalls. "Harry was competing with nature - and he won!"
Source:
Business and financial news - CNNMoney.com | 15 Feb 2008 | 12:13 pm
AP - Former Federal Reserve Chairman Alan Greenspan said Thursday night the American economy is "clearly on the edge" of a recession, and he pointed to the depressed housing market as a primary culprit.
Source:
Yahoo! News: Business | 15 Feb 2008 | 12:11 pm
Shares in Go-Ahead Group, the bus and train operator, plunged 16pc this morning after it revealed a fall in profits and warned that fuel costs will hit the company this year
Source:
Telegraph Business | 15 Feb 2008 | 12:10 pm
Venezuela accuses Exxon Mobil of exaggerating the value of firm's former investments in the country.
Source:
BBC News | Business | World Edition | 15 Feb 2008 | 12:04 pm
A roundup of the latest corporate earnings reports and what companies are saying about future quarters.
Source:
MarketWatch.com - Top Stories | 15 Feb 2008 | 12:01 pm
The resignation, which has been accepted by the German government, comes as the Deutsche Post chief is investigated for alleged tax evasion of €1m in claims that have convulsed Germany
Source:
FT.com - US homepage | 15 Feb 2008 | 11:59 am
Michelin, the French tyre group, expects that further jumps in the price of
raw materials will cost it €200 million (£150 million) this year as the
price of natural rubber and oil derivatives continues to rise.
Source:
Latest Business News from Times Online | 15 Feb 2008 | 11:58 am
London stock markets moved lower by midday on Friday, with banks exerting downward pressure after further credit-market-related shocks in the sector. European banks Natixis and KBC Group both revealed...
Source:
Infocious RSS raw feed - channel BNPaperBusiness | 15 Feb 2008 | 11:58 am
Commodity markets continued to perform strongly across the board on Friday with oil breaching the $96 level, platinum trading close to record levels, gold holding above $900, base metals enjoying strength...
Source:
Infocious RSS raw feed - channel BNPaperBusiness | 15 Feb 2008 | 11:54 am
Read full story for latest details.
Source:
Business and financial news - CNNMoney.com | 15 Feb 2008 | 11:53 am
A bearish U.S. economic assessment reported by the chairman of the Federal Reserve, along with tough talk on inflation from a key European Central Bank official, set the stage for the euro to make further gains in foreign-exchange trading Friday.
Source:
MarketWatch.com - Top Stories | 15 Feb 2008 | 11:53 am
Investors will apparently be on recession watch again Friday as they await a new set of readings on the economy before making a move on the day ahead of a long-holiday weekend.
Source:
Business and financial news - CNNMoney.com | 15 Feb 2008 | 11:48 am
The chief executive of Deutsche Post AG has offered to resign in the wake of allegations that he evaded some $1.45 million in taxes through investments in Liechtenstein, the Finance...
Source:
Infocious RSS raw feed - channel BNewsBusiness | 15 Feb 2008 | 11:36 am
The chief executive of Deutsche Post AG has offered to resign in the wake of allegations that he evaded some $1.45 million in taxes through investments in Liechtenstein, the Finance...
Source:
Infocious RSS raw feed - channel BNewsBusiness | 15 Feb 2008 | 11:34 am
LONDON (Reuters) - Wall Street looked set to open little changed on Friday ahead of economic data that might provide a steer on the outlook for the economy, which has recently thrown up a...
Source:
Infocious RSS raw feed - channel BNewsBusiness | 15 Feb 2008 | 11:33 am
NEW YORK (Reuters) - Four of the largest newspaper companies in the United States are teaming up to create an online advertising sales network focused on premium advertisers seeking a national audiences.
Source:
Reuters: Business News | 15 Feb 2008 | 11:30 am
Read full story for latest details.
Source:
Business and financial news - CNNMoney.com | 15 Feb 2008 | 11:28 am
NEW YORK (Reuters) - Four of the largest newspaper companies in the United States are teaming up to create an online advertising sales network focused on premium advertisers seeking a...
Source:
Infocious RSS raw feed - channel BNewsBusiness | 15 Feb 2008 | 11:26 am
Klaus Zumwinkel has offered to resign as chief executive of Deutsche Post after being investigated for alleged tax evasion of 1m in claims that have convulsed Germany and further weakened the public's...
Source:
Infocious RSS raw feed - channel BNPaperBusiness | 15 Feb 2008 | 11:22 am
The aviation agreement will remove restrictions on the number of flights airlines from each country can make between them.
Source:
Business and financial news - CNNMoney.com | 15 Feb 2008 | 11:17 am
The number of companies applying to be wound up has fallen, but experts predict the figures to rise.
Source:
BBC News | Business | World Edition | 15 Feb 2008 | 11:10 am
Former Federal Reserve Chairman Alan Greenspan said Thursday there's at least a 50% chance the United States will slip into recession, and that the storm clouds over the economy won't clear until home prices bottom out.
Source:
Business and financial news - CNNMoney.com | 15 Feb 2008 | 11:06 am
New-car registrations dropped in four out of five of Europe’s biggest markets in January, possibly as a result of the global credit crunch and economic uncertainty, an automotive trade group says. For all of Europe, new passenger-car registrations dipped 0.3% compared to January 2007, to a little more than 1.3 million vehicles, reported the Brussels-based European Automotive Manufacturers Association, or ACEA. In Western Europe's five major markets, only Germany saw a monthly increase, with registrations up 10.5%.
Source:
MarketWatch.com - Top Stories | 15 Feb 2008 | 11:04 am
ZURICH (Reuters) - Shares in Swiss bank UBS AG fell again on Friday as fears of more massive losses mounted after equity analysts at Citigroup said UBS could need up to $18 billion in additional write-downs in 2008.
Source:
Reuters: Business News | 15 Feb 2008 | 11:01 am
U.S. stock futures were flattish Friday, with data on import prices and earnings from Campbell Soup and Hormel Foods to put inflation, on food in particular, back in the spotlight.
Source:
MarketWatch.com - Top Stories | 15 Feb 2008 | 11:00 am
Whisky is for drinkin', water is for fightin'.
Source:
Business and financial news - CNNMoney.com | 15 Feb 2008 | 10:59 am
The dollar lost ground against the euro on Friday, extending its losses following comments from the Federal Reserve that cemented expectations for further cuts In US interest rates. Earlier in the week,...
Source:
Infocious RSS raw feed - channel BNPaperBusiness | 15 Feb 2008 | 10:52 am
LONDON (Reuters) - Anglo-Swiss miner Xstrata Plc and Brazil's Vale have been in serious talks over a 46 billion pound ($90.6 billion) takeover but the miners appear to have reached an impasse, the Financial Times said.
Source:
Reuters: Business News | 15 Feb 2008 | 10:47 am
Reuters - The rescue of British bank Northern Rock
could get bogged down in a legal battle as shareholders
criticized the government's handling of the five-month crisis
just as a decision nears.
Source:
Yahoo! News: Business | 15 Feb 2008 | 10:37 am
LONDON (Reuters) - The rescue of British bank Northern Rock could get bogged down in a legal battle as shareholders criticized the government's handling of the five-month crisis just as a decision nears.
Source:
Reuters: Business News | 15 Feb 2008 | 10:37 am
LONDON (Reuters) - The rescue of British bank Northern Rock could get bogged down in a legal battle as shareholders criticized the government's handling of the five-month crisis just as a...
Source:
Infocious RSS raw feed - channel BNewsBusiness | 15 Feb 2008 | 10:37 am
Asian markets eked out small gains, paring most of their earlier losses triggered by US Federal Reserve chairman Ben Bernanke's downbeat comments about the outlook for the US economy due to credit concerns....
Source:
Infocious RSS raw feed - channel BNPaperBusiness | 15 Feb 2008 | 10:36 am
Russian gas monopoly Gazprom reports a slight fall in profits because of a dip in prices and demand.
Source:
BBC News | Business | World Edition | 15 Feb 2008 | 10:32 am
Shares in Natixis slumped around 13% Friday after the French banking group issued a surprise profit warning and took write-downs of around 1.2 billion euros ($1.75 billion) on its exposure to subprime mortgages and the struggling bond insurance sector.
Source:
MarketWatch.com - Top Stories | 15 Feb 2008 | 10:30 am
Supermarkets may be forced to sell land to rival retailers, under plans to be set out by the Competition Commission.
Source:
BBC News | Business | World Edition | 15 Feb 2008 | 10:23 am
Shares in Go-Ahead plunged by 15 per cent today as fears of job cuts in the
capital and reduced rail subsidies took the shine off a strong set of
half-year results from the transport group.
Source:
Latest Business News from Times Online | 15 Feb 2008 | 10:22 am
HONG KONG (MarketWatch) -- Asian markets ended mixed Friday, with indexes in Sydney, Shanghai and Seoul turning lower after a retreat on Wall Street, while stocks in Tokyo, Hong Kong and Mumbai staged an afternoon rebound to wipe off their early losses.
Source:
MarketWatch.com - Top Stories | 15 Feb 2008 | 10:19 am
China's trade surplus grew by 22.7 percent in January over the same month last year despite worries about slowing global growth and official efforts to curb exports, according to data...
Source:
Infocious RSS raw feed - channel BNewsBusiness | 15 Feb 2008 | 10:14 am
Reuters - British Airways and Virgin
Atlantic have agreed to pay passengers around $204
million to settle U.S. claims they conspired to fix fuel
surcharges on transatlantic routes, the Financial Times said.
Source:
Yahoo! News: Business | 15 Feb 2008 | 10:12 am
LONDON (Reuters) - British Airways and Virgin Atlantic have agreed to pay passengers around $204 million to settle U.S. claims they conspired to fix fuel surcharges on transatlantic routes, the Financial Times said.
Source:
Reuters: Business News | 15 Feb 2008 | 10:12 am
LONDON (Reuters) - British Airways and Virgin Atlantic have agreed to pay passengers around $204 million to settle U.S. claims they conspired to fix fuel surcharges on transatlantic...
Source:
Infocious RSS raw feed - channel BNewsBusiness | 15 Feb 2008 | 10:12 am
Anglo-Swiss mining group Xstrata said on Friday that it now owned almost 95 percent of shares in takeover target Jubilee Mines and was expected to win full control in the coming days.
Source:
Infocious RSS raw feed - channel BNewsBusiness | 15 Feb 2008 | 10:11 am
European equity markets traded cautiously higher on Friday, but banks struggled in the wake of further unsettling writedowns related to the credit squeeze. French bank Natixis fell 13 per cent to 9.60...
Source:
Infocious RSS raw feed - channel BNPaperBusiness | 15 Feb 2008 | 10:08 am
British Airways could be forced to raise the £350m provision it made to pay for penalties connected to fuel surcharge price-fixing after agreeing to pay $140m (£71m) to settle a US class action lawsuit.
Source:
Telegraph Business | 15 Feb 2008 | 10:05 am
Paris Shares in French investment bank Natixis fell as much as 14 per cent on Friday after it declared overnight more than 1bn ($1.5bn) of writedowns related to the credit crisis. Natixis took writedowns...
Source:
Infocious RSS raw feed - channel BNPaperBusiness | 15 Feb 2008 | 9:51 am
Shares in GlaxoSmithKline and Tate & Lyle advanced in London trading Thursday, as investors including Warren Buffett built up stakes in the British groups.
Source:
MarketWatch.com - Top Stories | 15 Feb 2008 | 9:50 am
Dmitry Medvedev, Russia's likely next president, finally unveiled his economic programme just two weeks before presidential elections, laying out a liberal-sounding platform
Source:
FT.com - US homepage | 15 Feb 2008 | 9:46 am
TOKYO _ Debate surrounds the choice for the next governor of Japan's central bank _ and whoever it is faces a tough challenge steering monetary policy through the choppy waters of market...
Source:
Infocious RSS raw feed - channel BNewsBusiness | 15 Feb 2008 | 9:36 am
The banking sector, which has been pretty hard hit recently, absorbed a triple whammy this week when UBS reported almost unbelievable sub-prime/credit losses, Bradford and Bingley reminded us that there are other parts to banking portfolios that are at risk and the Germans revealed their own efforts to avoid a financial meltdown in the smaller bank sector.
Source:
Telegraph Business | 15 Feb 2008 | 9:35 am
Waterford Wedgwood, the fancy glass and fine china maker, said today that it
would cut nearly 5 per cent of its workforce as it gave warning that it
would make “substantially” worse losses than previously expected.
Source:
Latest Business News from Times Online | 15 Feb 2008 | 9:27 am
Warren Buffett's Berkshire Hathaway has become the largest shareholder in Kraft Foods with a $4.3bn (£2.2bn) investment and has taken a stake in GlaxoSmithKline.
Source:
Telegraph Business | 15 Feb 2008 | 9:08 am
European stocks edged higher on Friday, with gains for chemicals producers helping to offset weakness in the banking sector after French bank Natixis revealed a surprise write down and Bank of Ireland put out a downbeat outlook.
Source:
MarketWatch.com - Top Stories | 15 Feb 2008 | 9:04 am
TOKYO (Reuters) - Restructuring Japanese microchip maker NEC Electronics Corp said on Friday it may shed around 500 staff after announcing an early retirement program.
Source:
Reuters: Business News | 15 Feb 2008 | 8:58 am
TOKYO (Reuters) - Restructuring Japanese microchip maker NEC Electronics Corp said on Friday it may shed around 500 staff after announcing an early retirement program.
Source:
Infocious RSS raw feed - channel BNewsBusiness | 15 Feb 2008 | 8:58 am
Reuters - Shares in Swiss bank UBS AG
fell again on Friday as fears of more massive losses mounted
after equity analysts at Citigroup said UBS could need up to
$18 billion in additional write-downs in 2008.
Source:
Yahoo! News: Business | 15 Feb 2008 | 8:58 am
Source:
Business and financial news - CNNMoney.com | 15 Feb 2008 | 8:56 am
Citigroup has moved to stop investors withdrawing their money from one of its
London-based hedge funds after panic selling that saw investors try to pull
out more than 30 per cent of the fund's $500 million ($£254.3 million)
assets.
Source:
Latest Business News from Times Online | 15 Feb 2008 | 8:54 am
China's trade surplus jumped 22.7% in January as the economy continued its rapid growth.
Source:
BBC News | Business | World Edition | 15 Feb 2008 | 8:51 am
The Bank of Japan left its policy rate target unchanged at 0.5 percent on Friday as expected.
Source:
Infocious RSS raw feed - channel BNPaperBusiness | 15 Feb 2008 | 8:50 am
London stock markets moved higher on Friday, shrugging off overnight Wall Street losses thanks to strength in mining groups and pharmaceuticals. The FTSE 100 was up 21 points, or 0.4 per cent, to 5,901.6...
Source:
Infocious RSS raw feed - channel BNPaperBusiness | 15 Feb 2008 | 8:39 am
Tate & Lyle gave a fillip to its embattled chief executive on Friday as it reported continuing profits were "marginally ahead" of expectations, boosted by the sugar producer's sales to US food manufacturers....
Source:
Infocious RSS raw feed - channel BNPaperBusiness | 15 Feb 2008 | 8:34 am
Reuters - Anglo-Swiss miner Xstrata Plc
and Brazil's Vale (VALE5.SA) have been in serious talks over a
46 billion pound ($90.6 billion) takeover but the miners appear
to have reached an impasse, the Financial Times said.
Source:
Yahoo! News: Business | 15 Feb 2008 | 8:30 am
Officials want changes to the script of 'Shanghai' before shooting can begin in the country.
For a decade, producer Mike Medavoy has been eager to make a movie that is set here in the city of his birth, telling the story of an American in China who investigates the mysterious killing of a friend in the months leading up to Japan's attack at Pearl Harbor.
Source:
L.A. Times - Business | 15 Feb 2008 | 8:00 am
First, I'd like to thank David for having the confidence and trust in me to lead our two newsrooms. I am very humbled to be standing before you here today.
Source:
L.A. Times - Business | 15 Feb 2008 | 8:00 am
American Funds fends off California and federal regulators, who end kickback inquiries.
California and federal securities regulators have abandoned a 3-year-old fight to show that the giant American Funds mutual fund group cheated or misled its investors.
Source:
L.A. Times - Business | 15 Feb 2008 | 8:00 am
With the newspaper industry in turmoil, the California native has a mandate to integrate print and latimes.com.
Russ Stanton, a 10-year veteran of the Los Angeles Times who has been in charge of invigorating its website, on Thursday became the newspaper's 14th editor.
Source:
L.A. Times - Business | 15 Feb 2008 | 8:00 am
Fed chief says further rate cuts can be made to offset weakness in the economy.
The nation's top two economic policymakers predicted Thursday that the United States would probably dodge a recession, but just barely. The economy itself, meanwhile, threw off conflicting signals about whether it was improving or deteriorating.
Source:
L.A. Times - Business | 15 Feb 2008 | 8:00 am
The blood-thinning drug may have come from a plant in China.
Testing has turned up possible irregularities in some samples of a blood thinner linked to several deaths and hundreds of life-threatening reactions, a spokeswoman for Baxter Healthcare Corp. said Thursday.
Source:
L.A. Times - Business | 15 Feb 2008 | 8:00 am
As airlines look for ways to cut costs and increase revenue, US Airways said Thursday it would make it harder for passengers to earn frequent-flier miles that can be used for free tickets and seat upgrades.
Source:
L.A. Times - Business | 15 Feb 2008 | 8:00 am
The late-night host comes out of the writers strike unscathed in the ratings.
The strike by the Writers Guild of America ended not a moment too soon for Jay Leno. After 100 days, the guests were wearing thin.
Source:
L.A. Times - Business | 15 Feb 2008 | 8:00 am
With the strike over, the salvage operation begins.
Source:
L.A. Times - Business | 15 Feb 2008 | 8:00 am
The Dow slides 175 points. The muni bond market is hurt as investors back away from some issues.
Financial markets took another hit Thursday as the mortgage crisis continued to bleed into other types of securities, reflecting skittish investors' general pullback from risk-taking.
Source:
L.A. Times - Business | 15 Feb 2008 | 8:00 am
Signs of life are re-emerging in the property market as it prepares to enter
the spring buying season, as agents herald the return of bargain-hunting
first-time buyers and City professionals with bonus cash to spend.
Source:
Latest Business News from Times Online | 15 Feb 2008 | 7:47 am
The man expected to be Russia's next president, Dmitry Medvedev, wants a reduced state role in the economy.
Source:
BBC News | Business | World Edition | 15 Feb 2008 | 7:44 am
Billionaire US investor Warren Buffett has built up an 8.6% stake in Kraft Foods, making him its largest shareholder.
Source:
BBC News | Business | World Edition | 15 Feb 2008 | 7:22 am
STOCKHOLM (Reuters) - Swedish fashion giant Hennes & Mauritz reported on Friday a 3 percent rise in sales in stores open more than a year in January, lagging market expectations.
Source:
Reuters: Business News | 15 Feb 2008 | 7:08 am
The Bank of Japan votes unanimously to keep interest rates on hold at 0.5%, in a widely expected move.
Source:
BBC News | Business | World Edition | 15 Feb 2008 | 6:56 am
Yes, MSNBC consistently has the lowest ratings among the cable news channels. But all is not lost. It does stand out in one underappreciated category: embarrassing, mealy-mouthed apologies.
Source:
MarketWatch.com - Top Stories | 15 Feb 2008 | 5:01 am
Warren Buffet's investment group Berkshire Hathaway bought 132.4 million shares of food company Kraft, according to a document filed with the Securities and Exchange Comission Thursday.
Source:
Business and financial news - CNNMoney.com | 15 Feb 2008 | 3:42 am
CANBERRA - Australia and the United States have signed the long-awaited Open Skies Agreement which could make trans-Pacific travel substantially cheaper.
Transport Minister Anthony Albanese will hold a press conference in Sydney...
Source:
New Zealand Herald - Business | 15 Feb 2008 | 3:30 am
Reuters - Former U.S. Federal Reserve Chairman
Alan Greenspan on Thursday said the U.S. economy is "clearly on
the edge" of a recession.
Source:
Yahoo! News: Business | 15 Feb 2008 | 3:08 am
HOUSTON (Reuters) - Former U.S. Federal Reserve Chairman Alan Greenspan on Thursday said the U.S. economy is "clearly on the edge" of a recession.
Source:
Reuters: Business News | 15 Feb 2008 | 3:08 am
SEATTLE (Reuters) - Microsoft Corp announced a management shake-up at its loss-making online division on Thursday, thrusting an outsider into a prominent position ahead of a proposed merger with Yahoo Inc .
Source:
Reuters: Business News | 15 Feb 2008 | 2:59 am
Rupert Murdoch's News Corporation is reportedly in talks with Yahoo about a possible deal that would stave off an approach from Microsoft.
The Wall Street Journal says News Corp is eyeing a move that would see MySpace and other...
Source:
New Zealand Herald - Business | 15 Feb 2008 | 2:30 am
New York authorities may take the radical step of breaking up bond insurers to help them weather the slow-motion collapse of a wide swath of the structured finance market, Governor Eliot Spitzer and state insurance superintendent Eric Dinallo told Congress on Thursday.
The split—which would separate the insurers' relatively healthy municipal bond business from the guarantees made for structured finance—wasn't "optimal" but might be necessary to avoid downgrades in credit ratings, Spitzer told a House Financial Services subcommittee hearing.
Without help, bond insurers could lose their AAA credit ratings, which are needed to guarantee $2.4 trillion of municipal and mortgage-based debt—including funding for public projects like schools and roads.
As the housing market soared, bond insurers moved away from their meat-and-potatoes business into mortgage-backed debt. When that market buckled under growing defaults by unqualified borrowers, insurers suffered along with the debt issuers they promised to support.
Spitzer blamed the Bush administration for the turmoil roiling the markets, and warned that a failure to tackle the situation could spread, bringing on a "financial tsunami."
His remarks came as Moody's Investors Service lowered the credit rating of the Financial Guaranty Insurance Co. to AA from AAA. FGIC is the smallest of the major monoline insurers, after MBIA Inc. and Ambac Financial Group Inc.
In a separate hearing on the other side of the Capitol, Senator Charles Schumer of New York said he was considering legislation to regulate major bond insurers.
The hearings came on a day punctuated by partisan fighting over holding two presidential aides in contempt of Congress for having refued to cooperate with an investigation into the mass firings of U.S. attorneys. The House voted to cite White House Chief of Staff Joshua Bolten and former White House counsel Harriet Miers.
That vote pushed back much of the House hearing into early evening, provoking what House subcommittee chairman Paul Kanjorski, Democrat of Pennsylvania, called a "near rebellion" among staff members with evening plans for Valentine's Day.
But the late hour also drew some of the most interesting sparring - between hedge fund heavyweight William A. Ackman of Pershing Square Capital Management and Michael Callen, Ambac's chief executive officer—who were on the same panel of witnesses.
Ackman, who has bet that bond insurers will not be able to meet their guarantees, insisted that complete transparency is essential for investor confidence. The fear is that some of the major bond insurers do not have the capital to cover claims as defaults arise.
"Banks don't want to lend money because they're not sure of the exposure," said Ackman, who has argued against any bailout. "Bond insurers need to provide a full list of all their exposures."
Callen, retorting that there was a "possibility" that Ackman's testimony was "self-serving," insisted that "it's all on our website," but noted that he had heard complaints that "exposing everything could be anti-competitive ... you give short-sellers an opportunity to take advantage."
"If providing more information is an advantage to short-sellers," Ackman replied, "maybe the information isn't so bullish."
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Source:
Portfolio.com: Top 5 | 15 Feb 2008 | 2:30 am
The Pentagon plans to shoot down a falling spy satellite before it enters the atmosphere because of concerns that it could harm humans
Source:
FT.com - US homepage | 15 Feb 2008 | 1:52 am
Ben Bernanke, chairman of the Federal Reserve, signalled a willingness to continue pursuing interest rate cuts to tackle the US economic slowdown, though he envisioned an 'improving picture' over the course of this year
Source:
FT.com - US homepage | 15 Feb 2008 | 1:22 am
British Airways and Virgin Atlantic have agreed to pay passengers about $204m, settling US claims that the carriers conspired to fix fuel surcharges on key transatlantic routes
Source:
FT.com - US homepage | 15 Feb 2008 | 12:59 am
Eliot Spitzer, New York governor, gave bond insurers three to five business days to find fresh capital, or face a potential break-up by state regulators who want to safeguard the municipal bond
Source:
FT.com - US homepage | 15 Feb 2008 | 12:46 am
Raising value limits on conforming loans could do more to lift bond market confidence than to broadly help refinancers and home buyers.
Source:
Investor's Business Daily: BUSINESS | 15 Feb 2008 | 12:38 am
ABB (ABB), the Zurich-based electrical engineering giant, said Q4 net profit surged 315% to $1.8 bil, beating views. Revenue grew 50% to $8.7 bil,...
Source:
Investor's Business Daily: BUSINESS | 15 Feb 2008 | 12:38 am
Hospital infections, E. coli outbreaks, flu epidemics. Before they get worse and spread, health care pros try to nip them in the bud.
Source:
Investor's Business Daily: BUSINESS | 15 Feb 2008 | 12:38 am
Recorders fuel rise in TV viewing
Source:
Investor's Business Daily: BUSINESS | 15 Feb 2008 | 12:38 am
VALMONT INDUSTRIES (VMI), a manufacturer of utility structures, said Q4 EPS rose 42% to 88 cents, matching views. Sales rose 17% to $385 mil. It rose.
Source:
Investor's Business Daily: BUSINESS | 15 Feb 2008 | 12:38 am
Chipotle dives as EPS, sales miss
Source:
Investor's Business Daily: BUSINESS | 15 Feb 2008 | 12:38 am
Read full story for latest details.
Source:
Business and financial news - CNNMoney.com | 15 Feb 2008 | 12:27 am
Standard Chartered has made two offers to rescue its stricken Whistlejacket structured investment vehicle (SIV) after a collapse in the asset values forced it into receivership this week
Source:
Telegraph Business | 15 Feb 2008 | 12:01 am
Federal Reserve chairman Ben Bernanke has signalled another round of rate cuts as an "insurance" policy to head off an economic recession in the US economy, saying inflation is no longer the main concern.
Source:
Telegraph Business | 15 Feb 2008 | 12:01 am
The Financial Services Authority is understood to be examining the affairs of clients of Global Trader 247 - a London-based CFD provider.
Source:
Telegraph Business | 15 Feb 2008 | 12:01 am
A London-listed company offering targeted online advertising has signed up three of Britain's biggest internet providers (ISPs)
Source:
Telegraph Business | 15 Feb 2008 | 12:01 am
The recovery of iconic beer brand Guinness helped drive a 9pc increase in operating profits at Diageo in the second half of last year.
Source:
Telegraph Business | 15 Feb 2008 | 12:01 am
The UK's second biggest drug company, AstraZeneca, has spun part of its gastrointestinal research operation into a new private equity backed biotech company.
Source:
Telegraph Business | 15 Feb 2008 | 12:01 am
Fraud investigators were told they faced the possibility of “another 7/7” and
the likely loss of “British lives on British streets” if they pressed on
with inquiries into Saudi Arabia’s arms deals, it was revealed yesterday.
Source:
Latest Business News from Times Online | 15 Feb 2008 | 12:00 am
Diageo, the world's biggest drinks company, has turned round the fortunes of
Guinness in Britain and Ireland after a big increase in marketing of the
brand.
Source:
Latest Business News from Times Online | 15 Feb 2008 | 12:00 am
Royal Dutch Shell has called for massive government intervention in the energy
sector on a global scale in order to achieve reductions in greenhouse gases.
Source:
Latest Business News from Times Online | 15 Feb 2008 | 12:00 am
Ben Bernanke, Chairman of the US Federal Reserve, provided the clearest
indication yet that he intends to fight America’s looming recession as he
pledged to act “as needed” to shore up its flagging economy.
Source:
Latest Business News from Times Online | 15 Feb 2008 | 12:00 am
Our flexible friends are turning on us. Figures from Apacs reveal an
increasingly sinister credit card market. The first danger sign is the huge
leap in the spend on food and drink in December. It is a Bacchanalian month
but in previous years we have funded our thirst and gluttony out of cash in
hand, rather than splurging on plastic and hoping for a January pay rise.
Source:
Latest Business News from Times Online | 15 Feb 2008 | 12:00 am
Shares in Swiss bank UBS fell again on Friday as fears of more massive losses mounted after equity analysts at Citigroup said UBS could need up to $18 billion in additional write-downs in 2008. 
