Reuters - Standard & Poor's in a sweeping move
on Monday that rocked markets cut ratings on a number of major
U.S. securities firms including Lehman Brothers Inc and
said outlooks on the large U.S. financial institutions are now
mostly negative.
Reuters - Wachovia Corp ousted its chief
executive, following growing legal troubles and loan losses
tied to the purchase of a big mortgage lender just before the
housing market imploded.
Reuters - Nomura Holdings Inc (8604.T) has inked a
deal to become the investment manager of a U.S. mutual fund
specializing in Japanese issues, marking its full-scale entry
into the U.S. retail mutual fund market. -- read full article
Mon, 02 Jun 2008 06:12:57 GMT - Yahoo! News: Business
AFP - The head of the German employers' federation Dieter Hundt warned that long-term high inflation would have a devastating impact on Europe's biggest economy, in an interview published Sunday.
Reuters - U.S. defense communications and
information technology company Harris Corp , breaking
its silence after weeks of speculation, said on Monday the
company is not for sale and is not pursuing a merger. -- read full article
Mon, 02 Jun 2008 06:03:58 GMT - Yahoo! News: Business
Reuters - Toyota Motor (7203.T) is considering
downgrading its U.S. sales forecast to account for a worsening
outlook for pick-up trucks and other big vehicles, the
Financial Times newspaper said on Monday.
Reuters - Oil fell more than $1 to near $126 on
Monday as the U.S. dollar edged up and traders shrugged off
Tropical Storm Arthur, which marked the start of the Atlantic
hurricane season by shutting two Mexican oil ports.
Reuters - Japanese government bond prices fell
on Monday, extending last week's sell-off, as global inflation
marches higher, while oil prices slipped to $127 a barrel and
Asian stocks gained.
Reuters - U.S. private equity firm Texas Pacific
Group has agreed to take a 20 percent stake in
Bradford & Bingley in a much-needed boost for the
embattled UK mortgage lender, a source familiar with the matter
said on Monday.
Reuters - World Trade Organization
Director-General Pascal Lamy said on Sunday developed and
developing nations could still wrap up the Doha round of talks
on a global trade deal this year. -- read full article
Sun, 01 Jun 2008 17:48:39 GMT - Yahoo! News: Business
Reuters - Treasury Secretary Henry Paulson said
on Sunday leaders of Gulf oil producing states had told him
that abandoning their currency pegs to the dollar will not
solve their inflation problems.
Reuters - A high dose of the arthritis drug
Celebrex showed early signs that it may help prevent lung
cancer in heavy smokers, U.S. researchers said on Sunday.
Reuters - Shares of U.S. automaker General
Motors Corp could triple over the next few years as the
company's foreign sales are climbing and its labor costs are
falling, weekly business newspaper Barron's said in its June 2
issue.
Reuters - Belgium's InBev NV is close to
securing a $50 billion financing package to enable it to launch
a takeover bid for Anheuser-Busch Cos Inc , maker of
Budweiser beer, the Sunday Telegraph reported.
