Reuters - Stocks were little changed on Monday
as a slide in pharmaceutical shares offset gains by financial
shares after Bank of America became the latest big U.S.
bank to beat profit expectations.
Reuters - Roche Holding AG may need
to raise its $43.7 billion bid for the Genentech Inc
stock that it does not already own, but an eventual deal is
likely, analysts and investors said on Monday. -- read full article
Mon, 21 Jul 2008 18:05:34 GMT - Yahoo! News: Business
Reuters - Yahoo Inc will appoint
activist investor Carl Icahn and two of his nominees to its
board, defusing a proxy battle showdown and making an immediate
deal with Microsoft Corp less likely.
Reuters - Australian travel retailer Flight Centre
Ltd confirmed its full-year pretax profit will jump
about 40 percent, in line with its previous forecast, boosted
by healthy global sales, and forecast further growth in 2009. -- read full article
Mon, 21 Jul 2008 00:44:04 GMT - Yahoo! News: Business
AP - Call it the big fizzle. The hoped-for second-half economic rebound is looking to be lethargic, with the country straining under high energy prices and fallout from the housing and credit debacles. -- read full article
Mon, 21 Jul 2008 04:07:07 GMT - Yahoo! News: Business
Reuters - Department store chain Mervyn's LLC is
fighting for survival after a lender pulled financing and some
vendors stopped shipments, the Wall Street Journal reported on
its website on Sunday. -- read full article
Mon, 21 Jul 2008 02:03:29 GMT - Yahoo! News: Business
Reuters - The U.S. economy needs months to
recover from its slowdown, but the banking system remains sound
despite a home mortgage crisis that could cause more problems,
Treasury Secretary Henry Paulson said. -- read full article
Sun, 20 Jul 2008 18:58:07 GMT - Yahoo! News: Business
Reuters - Oil rose towards $130 a barrel on Monday
after its biggest one-week slide on record as inconclusive
talks between Iran and world powers over Tehran's disputed
nuclear programme dimmed prospects of ending the row.
Reuters - A raft of concerns about the state of
the global economy, corporate earnings and the banking system
sent European shares lower on Monday, shrugging off large gains
in Asia.
Reuters - Swiss drugmaker Roche
Holding AG offered to acquire all outstanding shares
in its U.S. partner Genentech Inc for $43.7 billion in
cash to reinforce its position in cancer medicines. -- read full article
Mon, 21 Jul 2008 07:28:51 GMT - Yahoo! News: Business
AFP - The European Central Bank is trying to convince people in the eurozone that taking a tough stand on inflation will get them through lean economic times, arguing that long-term gains warrant short-term pain.
Reuters - Wal-Mart Stores Inc
presented a colorful, casual line of youthful looks for kids
and teens on Saturday at a fashion show that previewed the
mass-market chain's new low-cost offerings for back to school. -- read full article
Sun, 20 Jul 2008 06:03:51 GMT - Yahoo! News: Business
Reuters - A judge was right to throw out a
jury's securities fraud conviction of a former New York Stock
Exchange floor trader because prosecutors did not prove their
case, a federal appeals court ruled on Friday.
AFP - US President George W. Bush assured Americans Saturday that the battered US economy will "pull through" despite continuing housing woes and a spike in inflation.
Reuters - The European Commission wants to
cooperate closely with the U.S. Securities and Exchange
Commission (SEC) on the planned regulation of credit rating
agencies, the German financial weekly Euro am Sonntag reported. -- read full article
Sat, 19 Jul 2008 10:00:15 GMT - Yahoo! News: Business
