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| Business Headlines |
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| U.S. M&A slumps, but strategic deals help fill void
(Reuters)
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| Reuters - Merger activity in the United
States dropped 29 percent in the second quarter, faring better
than the 40 percent global slump, as corporations filled the
void left by buyout firms and targeted big consumer brands such
as Anheuser-Busch Cos Inc and Wm. Wrigley Jr Co
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-- read full article |
| Fri, 27 Jun 2008 04:20:11 GMT - Yahoo! News: Business |
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| GM drops to 53-year low, Goldman urges "sell"
(Reuters)
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| Reuters - Shares of General Motors Corp hit their
lowest level since 1955 and dragged down the auto sector on
Thursday after Goldman Sachs cut the struggling U.S. industry's
largest manufacturer to a "sell" rating and warned it would
have to raise capital.
-- read full article |
| Thu, 26 Jun 2008 17:14:32 GMT - Yahoo! News: Business |
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| Countrywide shareholders approve takeover by BofA
(AP)
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| AP - Countrywide Financial Corp.'s shareholders cleared the way Wednesday for the company to be taken over by Bank of America Corp., even as officials in two states filed lawsuits claiming the distressed mortgage lender misled borrowers into taking on risky home loans. -- read full article |
| Wed, 25 Jun 2008 22:02:53 GMT - Yahoo! News: Business |
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| Economy - Wednesday
(Investor's Business Daily)
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| Investor's Business Daily - Orders for big-ticket, long-lasting goods were unchanged, as expected. April orders were revised to -1% from -0.6%. Ex transportation, May orders fell 0.9%. Core capital goods, a proxy for business investment, slid 0.8%. Year over year, durable goods fell 2.6%, ex transport orders rose 1%, and core capital goods grew 2.8%. Not great, but a lot better than in the '01 recession. -- read full article |
| Wed, 25 Jun 2008 22:48:57 GMT - Yahoo! News: Business |
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