Reuters - Hurricane Gustav, which came ashore
southwest of New Orleans on Monday morning, is expected to
trigger significant insurance claims but far less than
record-setting Katrina did three years ago. -- read full article
Mon, 01 Sep 2008 17:41:52 GMT - Yahoo! News: Business
Reuters - Commerzbank outlined its
plans to cut 9,000 jobs and shrink investment bank Dresdner
Kleinwort to a rump after buying Dresdner Bank, but investors
were unhappy about the $14.5 billion deal.
Reuters - Wall Street is set for another
volatile week after the Labor Day holiday, as investors track
Hurricane Gustav, the price of oil, key economic data and
continued fallout from the credit crisis. -- read full article
Mon, 01 Sep 2008 17:49:42 GMT - Yahoo! News: Business
Reuters - Energy companies waited anxiously on
Monday as Hurricane Gustav lurched across the nation's largest
concentration of oil platforms and refineries in the biggest
threat to fuel supplies since 2005.
Reuters - Commerzbank plans to cut
almost 2 billion euros ($3 billion) in costs by slashing 9,000
jobs and shrinking investment bank Dresdner Kleinwort after
buying Dresdner Bank, but investors appeared unconvinced by the
deal.
Reuters - Financial markets began the month
pressured on all sides on Monday with Hurricane Gustav lifting
the price of oil, economic fear driving equities lower and
gloom about Britain's downturn knocking sterling to a 12-year
low.
Reuters - Lehman Brothers Holdings has
intensified talks with Korea Development Bank (KDB) to raise as
much as $6 billion in a share sale that could be concluded this
week, the Sunday Telegraph reported.
Reuters - Oil prices rose more than $1 on Monday
after energy firms in the U.S. Gulf shut down nearly all
offshore oil output and a host of flood-prone coastal
refineries ahead of Hurricane Gustav, the biggest threat since
2005's devastating Katrina.
Reuters - U.S. energy companies shut nearly all
offshore Gulf oil and gas production and raced to bring down
flood-prone Louisiana refineries on Sunday ahead of Hurricane
Gustav, which threatens to rival the wrath of 2005's Katrina.
Reuters - Consumer electronic makers are bracing
themselves for slower growth in the second half of this year
and in 2009, but count on consumers turning to home
entertainment amid tougher economic times and tighter budgets.
Reuters - U.S. energy companies shut nearly all
offshore oil production and were racing to bring down
flood-prone Louisiana refineries on Sunday ahead of Hurricane
Gustav's landfall, which could rival the wrath of 2005's
Hurricane Katrina.
Investor's Business Daily - Investors yanked $26.36 billion from stock funds in July -- the most since $44.84 billion in January. July trumps June's outflow figure of $4.82 billion, according to the Investment Company Institute. -- read full article
Thu, 28 Aug 2008 22:33:07 GMT - Yahoo! News: Business
Reuters - Alabama's Jefferson County
and lenders pulled back from the brink of a threatened
bankruptcy filing on Friday after the county proposed
restructuring $3.2 billion of soured sewer debt. -- read full article
Fri, 29 Aug 2008 23:31:51 GMT - Yahoo! News: Business
Reuters - Oil and natural gas companies shut down
production across the Gulf of Mexico on Saturday to prepare for
the worst hurricane to hit the U.S. oilpatch since 2005, as
coastal refineries braced for possible floods.