Reuters - Sumitomo Mitsui Financial Group (8316.T)
reported a threefold increase in fourth-quarter profit,
rebounding from massive losses at its consumer finance unit a
year earlier, and it forecast modest growth ahead. -- read full article
Fri, 16 May 2008 08:55:09 GMT - Yahoo! News: Business
AP - The world economy is "teetering on the brink" of a severe downturn and is expected to grow only 1.8 percent in 2008, the United Nations said in its mid-year economic projections Thursday.
Reuters - Fannie Mae is expected to
announce on Friday that it is getting rid of a policy that
requires higher down payments on home mortgages in areas where
home prices are dipping, the Wall Street Journal reported. -- read full article
Fri, 16 May 2008 09:57:37 GMT - Yahoo! News: Business
Reuters - Wal-Mart Stores Inc intends to
prepare and serve food in its planned small-format stores, the
Financial Times said on Friday, as it competes with British
retailer Tesco's Fresh & Easy markets.
Reuters - Warren Buffett's Berkshire Hathaway Inc
(BRKa.N) has pulled out of the bidding in Royal Bank of
Scotland's 7 billion pound ($13.62 billion) auction of
its UK insurance business, the Financial Times reported on
Friday.
Reuters - The United States should cut barriers to
its markets to help it tackle economic turmoil, and boost
exports to deal with its current account deficit, the World
Trade Organisation (WTO) said. -- read full article
Fri, 16 May 2008 09:36:31 GMT - Yahoo! News: Business
Reuters - Two weeks after Microsoft Corp
abandoned its pursuit of Yahoo Inc , a proxy fight
launched by activist investor Carl Icahn has put Microsoft in
the driver's seat.
