Reuters - Anheuser-Busch Cos Inc sued
its suitor, InBev NV , calling the brewer's takeover
attempt an "illegal plan and scheme" to acquire Anheuser "at a
bargain price."
Reuters - Oil tumbled more than $5 on Tuesday,
pushing losses so far this week to about $10, as forecasters
said an Atlantic hurricane would steer clear of offshore oil
platforms and the greenback gained against other currencies.
Reuters - IndyMac Bancorp Inc , one of
the largest U.S. mortgage lenders, said on Monday it will
eliminate 3,800 jobs and stop making most home loans after
regulators concluded it was no longer "well capitalized." -- read full article
Mon, 07 Jul 2008 22:50:16 GMT - Yahoo! News: Business
AFP - The US Federal Reserve and the Securities and Exchange Commission said Monday that they had agreed to deepen ties to better monitor cash-strapped banks which are reeling from a credit crunch.
AFP - Eight of the world's most powerful leaders called Tuesday for efforts to cool sizzling oil prices, warning soaring fuel and food costs were a threat to world economic growth.
Reuters - The Group of Eight industrial
nations expressed strong concern on Tuesday about sky-high food
and oil prices, which they said posed risks for a global
economy under serious financial strain. -- read full article
Tue, 08 Jul 2008 08:01:44 GMT - Yahoo! News: Business
Reuters - Mazda Motor Corp (7261.T) is confident it
will achieve its U.S. sales target of 290,000 vehicles in the
business year to next March despite a sharp downturn in that
market, a top executive said on Tuesday.
Reuters - Stocks fell on Monday on concerns that
the top two mortgage providers would have to raise even more
capital, severely devaluing existing shareholders' stakes,
while big energy companies fell along with oil prices.
Reuters - JP Morgan Chase & Co Chief
Executive Jamie Dimon said U.S. regulators should investigate
whether people betting on Bear Stearns' stock falling
deliberately brought down the investment bank.
Reuters - Microsoft Corp said on Monday
it would be willing to reopen talks to buy all or part of Yahoo
Inc , but only if a new Yahoo board is elected -- a big
boost for financier Carl Icahn's board slate.
Reuters - Toyota Motor Corp (7203.T) plans to
install solar panels on its next-generation Prius hybrid cars,
becoming the first major automaker to use solar power for a
vehicle, the Nikkei business daily reported on Monday.
AFP - White House foes Barack Obama and John McCain traded new shots over the limping US economy Monday, each hoping to connect with voters on the top campaign issue, less than four months from election day.
Reuters - Oil dropped around $3 a barrel on
Monday on profit-taking and signals that Iran will be more
flexible in negotiations over its nuclear program.
Reuters - Stocks fell sharply on Monday, as
shares of financials fell on concerns they may have to raise
more capital and as a retreat in the price of oil from record
highs weighed on energy shares.
Reuters - InBev raised the pressure on
reluctant bid target Anheuser-Busch Cos Inc on Monday
with a plan to replace the U.S. rival's board of directors that
has rejected its $46.3 billion takeover offer.