Reuters - Constellation Energy Group Inc
agreed to sell itself to a unit of Warren Buffett's Berkshire
Hathaway Inc (BRKa.N) (BRKb.N) for about $4.7 billion in cash
on Thursday after investor fears about its liquidity cut its
value by nearly 60 percent.
Reuters - Stocks briefly turned negative before
edging higher again in volatile trading that reflected the
uncertainty about the health of the financial system.
Reuters - The world's top
central banks joined forces on Thursday to throw a
multi-billion dollar lifeline to global markets in a dramatic
effort to free up bank-to-bank lending frozen by upheavals on
Wall Street.
Reuters - Morgan Stanley topped the list of
major financial companies scrambling to find a buyer as its
shares tumbled another 35 percent, while central banks rushed
in $180 billion in extra liquidity to calm panicked stock and
money markets.
AFP - HBOS, Britain's biggest mortgage lender, has reached a deal to merge with its rival Lloyds TSB, media reports said Wednesday, after the lender's shares plummeted for a third day running.
Reuters - Japan's Toshiba Corp (6502.T) is expected
to swing to a half-year operating loss of about 30 billion yen
($287 million) on a weak microchip business, a newspaper said
on Thursday.
Reuters - Italy's labor minister said on Thursday
that the liquidation of Alitalia was a "very real risk" later
in the day when an investor group offering to rescue the
state-controlled airline was due to make its final decision.
Reuters - Washington Mutual Inc , the
giant U.S. savings and loan beleaguered by mortgage losses, has
put itself up for sale, sources familiar with the matter said
on Wednesday.
Reuters - U.S. stocks dropped to a three-year
low on Wednesday as the U.S. rescue of insurer AIG failed to
calm a crisis of confidence in global markets and banks were
scared to lend to each other.
Reuters - The Federal Reserve and the
world's top central banks offered to pump billions of dollars
into global money markets on Thursday in a coordinated effort
to ease a funding squeeze triggered by the upheaval on Wall
Street.
Reuters - Morgan Stanley topped the list
of major financial services firms scrambling to sell themselves
as fear gripped global credit and stock markets, with former
emerging markets darling Russia paralyzed.
AFP - Troubled British bank HBOS, the country's biggest home loan provider, said Wednesday it was in advanced talks that could lead to a takeover offer by its domestic rival Lloyds TSB.
Reuters - New rules aimed against abusive
naked short selling of stock in all publicly traded companies
were issued by the U.S. Securities and Exchange Commission on
Wednesday.
Reuters - Insurance rivals stand to reap the
benefits from the woes of American International Group ,
snapping up assets AIG is forced to sell while gaining greater
pricing power as AIG pulls in its claws.
