NEW YORK (Reuters) - Wal-Mart Stores Inc on Friday abandoned the flailing HD DVD format, potentially ending a war over next-generation DVDs as it joined Best Buy and Netflix in supporting rival Blu-ray technology.
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Reuters: Business News | 16 Feb 2008 | 11:50 am
Stocks finished mixed as lackluster economic reports offered Wall Street little incentive to place big bets ahead of a long weekend. Disappointing data on manufacturing, consumer...
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Infocious RSS raw feed - channel BNewsBusiness | 16 Feb 2008 | 10:38 am
Reuters - India's Tata Advanced Systems said on
Saturday it planned to form a partnership with an arm of
European plane-maker EADS to bid for the Indian Army's
$1 billion tactical communications system project.
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Yahoo! News: Business | 16 Feb 2008 | 10:17 am
MUMBAI (Reuters) - India's Tata Advanced Systems said on Saturday it planned to form a partnership with an arm of European plane-maker EADS to bid for the Indian Army's $1 billion tactical communications system project.
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Reuters: Business News | 16 Feb 2008 | 10:17 am
In case you missed them, here are the top 10 Personal Finance stories from MarketWatch for the week of Feb. 11-15:
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MarketWatch.com - Top Stories | 16 Feb 2008 | 10:11 am
You couldn't say Walter Coles Sr. is sitting on a pot of gold. Close, though. The hundreds of acres of rolling Virginia farmland in his family for five generations contain the largest...
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Infocious RSS raw feed - channel BNewsBusiness | 16 Feb 2008 | 10:10 am
General Motors is saying adios to the General Motors Building even as Harry Macklowe scrambles to sell the tower in hope of staving off foreclosure on much of his real estate empire. The automaker that...
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Infocious RSS raw feed - channel BNPaperBusiness | 16 Feb 2008 | 8:18 am
Investors seem to be gaining confidence that the $27 billion takeover of radio giant Clear Channel Communications will close by the end of next month despite persistent problems in the credit markets....
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Infocious RSS raw feed - channel BNPaperBusiness | 16 Feb 2008 | 8:18 am
Best Buy cut its profit outlook based on sluggish sales in recent weeks, but the electronics giant is still pressing ahead with bold expansion plans this year that threaten struggling rival Circuit City....
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Infocious RSS raw feed - channel BNPaperBusiness | 16 Feb 2008 | 8:18 am
Bear Stearns rose the most in three weeks on speculation the fifth-largest US investment bank will be acquired. Bear's stock gained $4.32, or 5.5 percent, to $82.79. Bear has fallen 6.2 percent this...
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Infocious RSS raw feed - channel BNPaperBusiness | 16 Feb 2008 | 8:18 am
Refco plea Refco's former chair man, Phillip Bennett, pleaded guilty to fraud, conspiracy and money laundering in a scheme that cost investors at least $2.4 billion, a month before he was scheduled to...
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Infocious RSS raw feed - channel BNPaperBusiness | 16 Feb 2008 | 8:18 am
Slowing growth and rising prices worry policymakers. Index of consumer sentiment plummets. ...
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Infocious RSS raw feed - channel BNPaperBusiness | 16 Feb 2008 | 8:00 am
Tentative pact should lead to more nonstop flights between the U.S. and Down Under. ...
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Infocious RSS raw feed - channel BNPaperBusiness | 16 Feb 2008 | 8:00 am
The decision to sell exclusively in that format is a huge setback for HD DVD. The HD...
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Infocious RSS raw feed - channel BNPaperBusiness | 16 Feb 2008 | 8:00 am
The government proposed guidelines Friday for how pharmaceutical companies can use medical journal articles to market drugs for unapproved uses.
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Infocious RSS raw feed - channel BNPaperBusiness | 16 Feb 2008 | 8:00 am
Falling trade barriers fuel an influx of junkers. Environmentalists and new-car dealers are fuming. ...
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Infocious RSS raw feed - channel BNPaperBusiness | 16 Feb 2008 | 8:00 am
Falling trade barriers fuel an influx of junkers. Environmentalists and new-car dealers are fuming.
While some Americans are congratulating themselves on switching to fuel-sipping cars, their old gas guzzlers just won't die. Lowered trade barriers are giving them new life south of the border.
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L.A. Times - Business | 16 Feb 2008 | 8:00 am
The decision to sell exclusively in that format is a huge setback for HD DVD.
The HD DVD format is reeling from another body blow.
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L.A. Times - Business | 16 Feb 2008 | 8:00 am
There is not much of an outcry for a significantly higher offer.
Momentum seems to be shifting toward Microsoft Corp. in its high-stakes bid to buy Yahoo Inc., analysts said Friday.
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L.A. Times - Business | 16 Feb 2008 | 8:00 am
Studios share the risks and losses with investors. But the rules may change.
On paper, "Evan Almighty" looked like a sure thing.
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L.A. Times - Business | 16 Feb 2008 | 8:00 am
Investors are reluctant to dive in as weak data confirm a struggling economy. The Dow loses 28.77 points.
Stocks finished mostly lower Friday as lackluster economic reports offered Wall Street little incentive to place big bets before a long weekend.
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L.A. Times - Business | 16 Feb 2008 | 8:00 am
Slowing growth and rising prices worry policymakers. Index of consumer sentiment plummets.
Consumer confidence slid to its lowest level in 16 years, factory output went flat and there were signs of a pick-up in inflation, according to data released Friday -- an ominous combination for an economy on the verge of recession.
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L.A. Times - Business | 16 Feb 2008 | 8:00 am
Tentative pact should lead to more nonstop flights between the U.S. and Down Under.
G'Day travelers, air fares to Down Under are on their way down.
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L.A. Times - Business | 16 Feb 2008 | 8:00 am
It was easy for many small investors to ignore the credit markets' woes a few months ago, when the crisis was centered in high-risk mortgages owned by big-money investors.
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L.A. Times - Business | 16 Feb 2008 | 8:00 am
With new federal rules in the offing, the top two U.S. retailers impose new lead standards on suppliers.
After facing recall after recall of millions of Chinese-made items, the nation's biggest toy sellers are imposing stricter measures on their suppliers -- including tougher standards for lead content -- to get ahead of expected new federal legislation.
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L.A. Times - Business | 16 Feb 2008 | 8:00 am
The government proposed guidelines Friday for how pharmaceutical companies can use medical journal articles to market drugs for unapproved uses.
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L.A. Times - Business | 16 Feb 2008 | 8:00 am
Two former slaughterhouse workers were charged Friday with abusing ailing cattle in a case based on undercover video footage showing crippled and sick animals being shoved with forklifts.
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Infocious RSS raw feed - channel BNewsBusiness | 16 Feb 2008 | 7:14 am
TORONTO and JOHANNESBURG, Feb. 16 /PRNewswire-FirstCall/ - First Uranium Corporation (TSX:FIU, JSE:FUM) (ISIN:CA33744R1029) ("First Uranium" or "the ...
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Infocious RSS raw feed - channel BNewsBusiness | 16 Feb 2008 | 6:22 am
Investors will look for U.S. stock gains to continue for a second consecutive week, but the market faces high hurdles from the ongoing credit crisis and recession fears that continue to hang over the market.
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MarketWatch.com - Top Stories | 16 Feb 2008 | 5:01 am
SEATTLE (Reuters) - Most of Yahoo Inc's top institutional shareholders may be more interested in making sure Microsoft Corp does not overpay for the Web pioneer, because they have more money invested in the bigger software maker, a research report said on Friday.
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Reuters: Business News | 16 Feb 2008 | 3:57 am
NEW YORK (Reuters) - The Dow and Nasdaq slipped on Friday on concerns about consumer spending after an index of consumer sentiment fell to a 16-year low and retailer Best Buy warned that...
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Infocious RSS raw feed - channel BNewsBusiness | 16 Feb 2008 | 2:23 am
NEW YORK (Reuters) - The Dow and Nasdaq slipped on Friday on concerns about consumer spending after an index of consumer sentiment fell to a 16-year low and retailer Best Buy warned that shopper traffic dropped off after the holidays.
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Reuters: Business News | 16 Feb 2008 | 2:23 am
NEW YORK (Reuters) - Former Refco Chief Executive Phillip Bennett pleaded guilty on Friday to fraud and other charges stemming from the 2005 collapse of the futures and commodities broker.
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Reuters: Business News | 16 Feb 2008 | 1:34 am
NEW YORK (Reuters) - Former Refco Chief Executive Phillip Bennett pleaded guilty on Friday to fraud and other charges stemming from the 2005 collapse of the futures and commodities broker.
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Infocious RSS raw feed - channel BNewsBusiness | 16 Feb 2008 | 1:34 am
Latin America's largest beverage company, Fomento Economico Mexicano, might have a couple of good reasons to pop the bubbly.
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Investor's Business Daily: BUSINESS | 16 Feb 2008 | 12:42 am
Amedisys Chief Executive William Borne started the new year much like he ended the last one: hot on the acquisition trail.
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Investor's Business Daily: BUSINESS | 16 Feb 2008 | 12:42 am
Coal stocks sink after downgrade
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Investor's Business Daily: BUSINESS | 16 Feb 2008 | 12:42 am
Health care providers are finding there's no place like home when it comes to treating the aging and chronically ill.
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Investor's Business Daily: BUSINESS | 16 Feb 2008 | 12:42 am
Prostate cancer vaccine tested
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Investor's Business Daily: BUSINESS | 16 Feb 2008 | 12:42 am
BlackRock (BLK), an investment firm, after hours raised the quarterly dividend 16% to 78 cents. The dividend is payable March 24 to shareholders....
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Investor's Business Daily: BUSINESS | 16 Feb 2008 | 12:42 am
Democratic members of the House are asking the Bush administration to shore up the shaken student loan market before the situation worsens and students are deprived of the chance to...
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Infocious RSS raw feed - channel BNewsBusiness | 16 Feb 2008 | 12:31 am
DETROIT (Reuters) - Chrysler LLC has reached an agreement with bankrupt Plastech Engineered Products Inc to provide the auto maker with parts through February 27, extending an interim agreement while the sides await a legal ruling on whether Chrysler can sever its ties with the supplier.
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Reuters: Business News | 16 Feb 2008 | 12:24 am
DETROIT (Reuters) - Chrysler LLC has reached an agreement with bankrupt Plastech Engineered Products Inc to provide the auto maker with parts through February 27, extending an interim...
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Infocious RSS raw feed - channel BNewsBusiness | 16 Feb 2008 | 12:24 am
Read full story for latest details.
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Business and financial news - CNNMoney.com | 16 Feb 2008 | 12:12 am
Delta Air Lines' board plans to meet on Wednesday to approve the US carrier's merger with rival Northwest Airlines, people close to the matter said
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FT.com - US homepage | 16 Feb 2008 | 12:07 am
Reuters - Merger talks between United Airlines
and Continental Airlines Inc have picked up
pace, but a deal still hinges on the outcome of discussions
between Delta Air Lines and Northwest Airlines Corp
, people briefed on the situation said on Friday.
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Yahoo! News: Business | 16 Feb 2008 | 12:05 am
NEW YORK (Reuters) - Merger talks between United Airlines and Continental Airlines Inc have picked up pace, but a deal still hinges on the outcome of discussions between Delta Air Lines ...
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Infocious RSS raw feed - channel BNewsBusiness | 16 Feb 2008 | 12:05 am
NEW YORK (Reuters) - Merger talks between United Airlines and Continental Airlines Inc have picked up pace, but a deal still hinges on the outcome of discussions between Delta Air Lines and Northwest Airlines Corp , people briefed on the situation said on Friday.
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Reuters: Business News | 16 Feb 2008 | 12:05 am
Read full story for latest details.
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Business and financial news - CNNMoney.com | 16 Feb 2008 | 12:01 am
Wealthy south Asian non-domiciles are preparing to leave the UK in the wake of Treasury plans to change the tax system.
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Telegraph Business | 16 Feb 2008 | 12:01 am
Germany was gripped by a growing tax scandal on Friday as state prosecutors disclosed that they were investigating "several hundred" people for suspected tax evasion.
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Telegraph Business | 16 Feb 2008 | 12:01 am
After a series of setbacks and being passed over for top jobs, the former Pru director decided to go it alone, he tells Richard Northedge.
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Telegraph Business | 16 Feb 2008 | 12:01 am
The loss-making china and crystal group has slashed 311 jobs and issued a further profits warning.
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Telegraph Business | 16 Feb 2008 | 12:01 am
The number of people declaring themselves bankrupt in England and Wales has more than doubled in the past four years as more debtors struggle to pay their bills.
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Telegraph Business | 16 Feb 2008 | 12:01 am
British Airways and Virgin Atlantic have agreed to pay $200m (£102m) to settle a US class-action lawsuit to compensate 8m customers who were the victims of an illegal fuel surcharge cartel.
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Telegraph Business | 16 Feb 2008 | 12:01 am
Global Trader Europe (GTE), the beleaguered CFD (contracts for difference) provider, has gone into administration after the Financial Services Authority launched an investigation into some of its clients' affairs.
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Telegraph Business | 16 Feb 2008 | 12:01 am
FGIC, the world's third largest bond insurer, has asked the New York Insurance Department if its municipal bonds business can be separated from its risky structured finance business to protect the local authority bonds it insures
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Telegraph Business | 16 Feb 2008 | 12:01 am
Virgin and in-house management team both submit better deals as race for stricken lender nears the finishing post. Katherine Griffiths reports.
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Telegraph Business | 16 Feb 2008 | 12:01 am
With the Government on a collision course with Northern Rock's shareholders, both sides are reaching for their lawyers.
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Telegraph Business | 16 Feb 2008 | 12:01 am
Shares in Go-Ahead plunged by 17 per cent yesterday 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.
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Latest Business News from Times Online | 16 Feb 2008 | 12:00 am
Bonuses for executives at Société Générale were boosted by the successful
investments of Jérôme Kerviel, the rogue trader, his lawyer said yesterday.
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Latest Business News from Times Online | 16 Feb 2008 | 12:00 am
FGIC, the world's third-largest bond insurer, unveiled a survival plan
yesterday that will split the business in two.
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Latest Business News from Times Online | 16 Feb 2008 | 12:00 am
Why not be a writer? If the question sounds familiar, it's because it probably
is. An organisation called The Writers Bureau has been posing it in national
newspaper adverts for years. You know the ones, they begin with the claim
that “as a writer, you can earn very good money”, continue with the offer of
a full refund of fees if you don't get published and conclude with a picture
of “Christina Jones from Oxfordshire”, an apparently satisfied customer,
gurning above the quotation: “So far, I have had 16 novels published!”
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Latest Business News from Times Online | 16 Feb 2008 | 12:00 am
The Virgin-led consortium bidding for Northern Rock was locked in a
last-minute dispute with the Treasury last night that threatened to derail
its status as the Government’s favourite bidder for the troubled bank.<br/>
<br/>
The Virgin bid group was still at odds with the Treasury over whether the
consortium would accept changes to its offer after a deal had been done,
ahead of the deadline for submitting bids this afternoon.<br/>
<br/>
Yesterday a rival management team fighting for control of the Rock promised to
inject at least £700 million into the company as it submitted its final
offer for the company.<br/>
<br/>
The Treasury and Goldman Sachs, its adviser, are expected to weigh up the two
bids at the weekend and make an announcement on the favoured offer next
week. The Government must present the deal for approval to the European
Commission on March 17.<br/>
<br/>
The Treasury had told both bidders to improve the terms that they had offered
the Government in return for a guarantee by the State on a bond issue of £25
billion to £30 billion needed to prop up the bank.<br/>
<br/>
Northern Rock’s management team said yesterday that as well as increasing its
cash injection from at least £500 million to more than £700 million, it
would offer better terms to the Treasury and shareholders. The team declined
to give further details.<br/>
<br/>
Sources said that the Treasury was putting pressure on the Virgin consortium
to agree to make changes to its offer that might be suggested at the
European hearing, should the consortium win the bid battle. Virgin has
refused to allow its offer to be changed by European regulators after it has
agreed a deal with the Treasury. A source said: “They’ll still put in a bid
but without the agreement in it. It could mean losing the lead Virgin’s
had.” Sources said that the Virgin consortium’s offer to the Treasury had
always included a payment of £100 million to £200 million if the consortium
turned the bank around within three years.<br/>
<br/>
Meanwhile, the Treasury has rejected accusations that it had effectively taken
control of Northern Rock. The Government had been accused by Northern Rock’s
biggest shareholder, the hedge fund manager SRM Global, of breaching
European state aid rules and also of acting as a “shadow director” of the
bank.<br/>
<br/>
SRM, which with RAB Capital, another fund manager, holds almost 20 per cent of
the bank, said that the Government’s estimated £25 billion loan to the Rock
did not meet the European Commission’s definition of state aid and,
therefore, should be subject to more lenient repayment terms.<br/>
<br/>
A Treasury spokesman said: “We got sign-off from the European Commission on
this and they know what the law is because they created it.” He said that
the Treasury had been scrupulous in ensuring that it did not give directions
to the Rock board but had acted only as the senior secured creditor.
Northern Rock shares closed down 6 per cent at 90p.
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Latest Business News from Times Online | 16 Feb 2008 | 12:00 am
Wal-Mart, the world's largest retailer, will only sell Blu-ray high-definition DVDs at its 4,000 US stores.
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BBC News | Business | World Edition | 16 Feb 2008 | 12:00 am
<a href="http://www.competition-commission.org.uk/inquiries/ref2006/grocery/provisional_decision_remedies.htm">The
Competition Commission proposals in full</a>
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Latest Business News from Times Online | 16 Feb 2008 | 12:00 am
Pickfords, England's largest and oldest company of removal contractors, is in
the final stages of a sale to Team Relocations, one of its main rivals, The
Times has learnt.
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Latest Business News from Times Online | 16 Feb 2008 | 12:00 am
There is increasing evidence that going bankrupt is losing its stigma as
consumers struggle with mounting debts.
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Latest Business News from Times Online | 16 Feb 2008 | 12:00 am
Citigroup has been forced to bail out one of its best-known hedge funds with a
$100 million ($£51 million) capital injection, in another setback for the
world’s biggest financial services operator.
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Latest Business News from Times Online | 16 Feb 2008 | 12:00 am
The world's longest eyebrow hair and the biggest rice cake are just some of
the wonders that can be found in Guinness World Records.
Source:
Latest Business News from Times Online | 16 Feb 2008 | 12:00 am
Efforts to rescue a distraught U.S. bond insurance industry could inject a positive note on Wall Street but the economic data and earnings reports are unlikely to change a downward trend. 
Reuters - The Dow and Nasdaq slipped on Friday
on concerns about consumer spending after an index of consumer
sentiment fell to a 16-year low and retailer Best Buy
warned that shopper traffic dropped off after the holidays.
AFP - NYSE Euronext, the world's largest financial market group, said Friday it will pick up a five percent stake in Mumbai's multi-commodity exchange MCX for 55 million dollars.
