AFP - European equity prices dropped on Friday as oil and mining majors lost ground, but losses were limited by gains to banking share prices, traders said.
Reuters - Honda Motor Co (7267.T) kicked
off production on Monday of its newest fuel-cell car, as the
automaker gears up for the battle to dominate the market for
next-generation vehicles.
Reuters - Japanese police have arrested four men on
suspicion of defrauding U.S. investment bank Lehman Brothers
by using fake documents carrying trading firm Marubeni
Corp's (8002.T) letterhead, a police spokesman said.
Reuters - Starbucks Corp is planning a
more aggressive expansion into overseas markets to compensate
for weakness in the United States, Starbucks CEO Howard Schultz
said in a newspaper interview on Monday.
Reuters - The world's biggest insurer, American
International Group Inc , replaced CEO Martin Sullivan
on Sunday after it suffered two quarters of record losses from
risky mortgage bets and its share price more than halved over
the past year.
Reuters - Wall Street analysts have forecast a
huge drop in second-quarter earnings for Goldman Sachs Group
Inc and Morgan Stanley , while Lehman Brothers
Holdings Inc is expected to post its first-ever
quarterly loss, mainly on hedging losses.
AP - As the American economy slowed to a crawl and stockholders watched their money evaporate, CEO pay still chugged to yet more dizzying heights last year, an Associated Press analysis shows.
Reuters - Institutional investors in the Royal
Bank of Scotland have approached Philip Hampton,
chairman of supermarket group J. Sainsbury , about
becoming chairman of the bank, the Sunday Telegraph reported.
Reuters - Top hedge fund bosses will debate
whether an upturn in distressed investing or profitable macro
strategies offer 2008's blockbuster trade, just as short
subprime was in 2007, when they meet in Monaco this week.
Reuters - U.S. authorities have sought legal
assistance from Switzerland's Federal Office of Justice in an
investigation into tax evasion through offshore bank accounts
at UBS , Swiss media reported on Sunday.
Reuters - The board of American International
Group Inc was meeting on Sunday to accept the possible
resignation of Chief Executive Martin Sullivan, The Wall Street
Journal reported on its website, citing a person familiar with
the matter.
Reuters - The global subprime crisis has yet
to run its course, the chairman of British bank Barclays Plc
said on Sunday, amid concerns that big lenders will
unveil more credit-related losses in coming weeks.
AFP - World finance chiefs warned on Saturday runaway oil prices could imperil global economic growth, calling on producers to open up the taps and tasking the IMF to investigate wild market swings.
Reuters - The world's richest nations warned
on Saturday soaring commodity prices may slice into economic
growth, but shrank from offering any plan to calm markets or
quell protests over the cost of fuel and food.