Reuters - The U.S. Securities and Exchange
Commission plans to propose rules that may diminish the
importance of credit ratings across various markets, the Wall
Street Journal reported on Tuesday. -- read full article
Tue, 24 Jun 2008 04:32:53 GMT - Yahoo! News: Business
Reuters - British gas producer BG Group launched a
hostile $13.1 billion bid for Australia's Origin Energy, as it
seeks to boost its position in Asia-Pacific's fast-growing gas
market.
Reuters - The state of Qatar has agreed to
sell 25 percent of the Doha Securities Market to NYSE Euronext
for $250 million in a bid to become the booming
region's financial hub and extend global links. -- read full article
Tue, 24 Jun 2008 08:53:40 GMT - Yahoo! News: Business
Reuters - Miner BHP Billiton may
be forced to scrap its plan to rewrite the way billions of
dollars of iron ore are sold every year after rival Rio Tinto
struck a benchmark deal with China, analysts
said on Tuesday.
Reuters - A South Korean high court on Tuesday
cleared U.S. private equity house Lone Star of
manipulating the stock price of a former credit card unit of
Korea Exchange Bank (004940.KS), rejecting an earlier ruling.
AFP - China's securities regulator has said it will do whatever is necessary to ensure the country's stock market stability and healthy development after recent jitters.
AP - Like a lot of people, Nate Towne is cutting back on spending. He's carpooling to work and only shops at grocery stores that take coupons or offer discount "rewards" cards.
Reuters - Citigroup Inc plans to cut
thousands of trading and investment banking jobs this week,
part of previously reported plans to slash about 10 percent of
its investment bank division, a person familiar with the
situation said on Monday.
Reuters - Fertilizer producer and oilseed
processor Bunge Ltd said on Monday that it would buy
Corn Products International Inc for $4.4 billion to
gain a leading position in finished corn products such as
starches and sweeteners.
Reuters - Shares of General Motors Corp
tumbled on Monday to their lowest level in 33 years while rival
Ford Motor Co fell to a three-month low on concerns about
weak U.S. auto demand in June and the rest of the year.
Reuters - The Dow industrials and the S&P 500
edged up on Monday as higher oil prices lifted energy shares,
but financial companies' outlook kept investors cautious and
overshadowed news of a $4.4 billion takeover in the
agricultural sector.
AP - Investors hope to gain some clarity on the future of consumer electronics retailer Circuit City Stores Inc. at its annual shareholder meeting Tuesday.
Reuters - The Toronto Stock Exchange's main index
fell more than 200 points on Friday as financial issues were
hurt by inflation fears and worries over more U.S.
mortgage-related problems, while consumer stocks also fell.
Reuters - U.S. fertilizer producer and oilseed
processor Bunge Ltd has agreed to buy Corn Products
International Inc for $4.4 billion in stock, The Wall
Street Journal reported on Monday, citing people familiar with
the matter.
Reuters - Record foreclosures and limited access
to credit will make it harder than usual to rebound from this
U.S. housing market slump, the worst at least since World War
Two, according to a Harvard University study on Monday.