BCE buyers finalize funding (Reuters)
04/07/2008 15:22:05
Reuters - The buyers of telecoms company BCE Inc are sticking to the agreed C$42.75 per-share purchase price and have delivered the funding documents needed for the deal to go ahead, the company said on Friday.
Tax credit to save UBS from hefty loss (Reuters)
04/07/2008 14:19:51
Reuters - Battered Swiss bank UBS said on Friday it should be saved from another hefty loss in the second quarter by a large tax credit, giving a much-needed though short-lived boost to its share price.
World stocks slip again (Reuters)
04/07/2008 12:51:27
Reuters - World stocks slipped back towards this week's five-month low on Friday as steadying oil prices failed to erase concerns about slowing economic growth and rising inflation, and as banking stocks came under renewed pressure.
European banks need to raise up to $141 billion: Goldman (Reuters)
04/07/2008 13:32:54
Reuters - Goldman Sachs said the European banks sector needs to raise about 60 billion to 90 billion euros ($94 to $141 billion), or withhold one year of dividends, to reach an aggregate Tier I ratio of 9 percent -- a level achieved by European banks that have recapitalized recently.
Kimmitt confident in economic fundamentals (Reuters)
04/07/2008 14:18:27
Reuters - Deputy U.S. Treasury Secretary Robert Kimmitt said on Friday he was confident about the United States' economic fundamentals in the long term despite a current rough patch and was quite optimistic about the future.
Kimmitt confident in economic fundamentals (Reuters)
04/07/2008 14:18:27
Reuters - Deputy U.S. Treasury Secretary Robert Kimmitt said on Friday he was confident about the United States' economic fundamentals in the long term despite a current rough patch and was quite optimistic about the future.
Energy shares, tame jobs data lift Dow (Reuters)
03/07/2008 19:12:45
Reuters - NEW YORK (Reuters) -The Dow rose on Thursday, a day after the blue-chip average entered a bear market, on relief payrolls data was not as weak as some had feared and with another record oil price boosting energy shares.
Economy - Thursday (Investor's Business Daily)
03/07/2008 23:02:08
Investor's Business Daily - The benchmark 30-year fixed home loan rate fell 10 basis points to 6.35%, ending a 5-week uptrend to a 9-month peak, mortgage finance giant Freddie Mac said. Weaker economic data made a Fed rate hike less likely, pushing Treasury yields and mortgage rates lower. The 15-year fixed-rate mortgage slid 12 ticks to 5.92%. The 1-year ARM fell 10 basis points to 5.17%.
Australia's Origin Energy rejects BG's $13B bid (AP)
04/07/2008 10:52:37
AP - Origin Energy Ltd., Australia's second largest power retailer, rejected a $13 billion takeover bid Friday from British natural gas producer BG Group.