Reuters - The London Stock Exchange plans
to set up a pan-European, off-bourse trading platform with
Lehman Brothers , the groups said, to fend off start-up
rivals hurting LSE's business.
Reuters - Citigroup Inc may incur second-quarter
write-downs of $9 billion and raise additional capital, said a
Goldman Sachs analyst, who widened his loss estimate for the
bank for the period.
Reuters - Fortis said on
Thursday it plans to shore up its finances with measures worth
more than 8 billion euros ($12.54 billion), including issuing
new shares, hitting its stock on dilution worries.
Reuters - The U.S. Federal Reserve held
interest rates steady on Wednesday and signaled it was in no
hurry to raise them, even as it voiced greater concern about
inflation.
Reuters - Anheuser-Busch Cos Inc
plans to reject InBev NV's unsolicited $46.3 billion
takeover offer, saying it undervalues the company, a source
familiar with the situation said on Wednesday.
AP - Countrywide Financial Corp. is accused of using misleading advertising and other unfair business practices to trick borrowers into taking on risky home loans they didn't fully understand in a lawsuit filed Wednesday by the California attorney general's office. -- read full article
Wed, 25 Jun 2008 16:58:01 GMT - Yahoo! News: Business
Reuters - Qatar, which on Tuesday agreed to sell 25
percent of its stock market to NYSE Euronext , is in
talks with London and German stock exchanges about new
partnerships, the Gulf state's sovereign wealth fund said. -- read full article
Wed, 25 Jun 2008 10:22:08 GMT - Yahoo! News: Business
AP - Sales of new homes tumbled for the sixth time in seven months in May while median prices kept plunging, underscoring the depth of the nation's housing woes.
Reuters - The U.S. Supreme Court on Wednesday
threw out the record $2.5 billion in punitive damages that
Exxon Mobil Corp had been ordered to pay for the 1989
Exxon Valdez oil spill off Alaska, the nation's worst tanker
spill.
Reuters - Securities regulators proposed
weaning investors and Wall Street institutions from
over-reliance on credit ratings, part of changes to the rating
industry prompted by the subprime mortgage crisis. -- read full article
Wed, 25 Jun 2008 18:41:59 GMT - Yahoo! News: Business
Reuters - Countrywide Financial Corp was
sued for alleged deceptive mortgage lending by officials in its
home state of California and in Illinois on Wednesday, the same
day its shareholders approved the company's takeover by Bank of
America Corp .
Reuters - The Federal Reserve held interest
rates steady on Wednesday and voiced greater concern about
inflation, taking a small step down a road toward higher
borrowing costs.
Reuters - Retailer Circuit City Stores Inc
has received buyout interest from several strategic and
financial bidders, including movie-rental company Blockbuster
Inc , and a sales agreement could be announced over the
next month, an institutional investor said on Tuesday.
Investor's Business Daily - Treasury Sec'y Henry Paulson said the housing market will likely bottom by year-end and the economy will show signs of recovery. "I think it's going to take some time to get out of this, but don't forget that the foundation of the United States economy is very solid," he said on Mexican TV. -- read full article
Tue, 24 Jun 2008 22:45:57 GMT - Yahoo! News: Business
