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    Business Headlines
    Roche confirms Genentech bid (Reuters)

    A general view shows the headquarter of Swiss drugmaker Roche in Basel July 21, 2008. (Christian Hartmann/Reuters)Reuters - Swiss drugmaker Roche Holding AG


    -- read full article
    Tue, 21 Oct 2008 07:32:41 GMT - Yahoo! News: Business
    Merrill to cut 500 trading jobs: report (Reuters)

    The Merrill Lynch sign is pictured at the entrance of the Merrill Lynch offices in Sandton September 15, 2008. (Siphiwe Sibeko/Reuters)Reuters - Merrill Lynch & Co Inc, which last month accepted a takeover offer from Bank of America Corp, is set to cut about 500 jobs in its trading divisions, Bloomberg News reported on Monday, citing unidentified sources.


    -- read full article
    Mon, 20 Oct 2008 22:12:49 GMT - Yahoo! News: Business
    Fears about Lehman CDS deadline seen as overstated (Reuters)
    Reuters - Tuesday's deadline to settle an estimated $400 billion in credit default swaps on debt in failed investment bank Lehman Brothers is unlikely to trigger new havoc in the market, derivatives analysts said. -- read full article
    Tue, 21 Oct 2008 05:09:25 GMT - Yahoo! News: Business
    American Express profit falls, but beats estimates (Reuters)

    American Express and MasterCard credit cards are shown in Washington June 25, 2008. (Jim Bourg/Reuters)Reuters - American Express Co said on Monday third quarter earnings fell more than 20 percent as it set aside more money to cover growing losses in its credit card business, but operating earnings beat analysts' estimates and there was a sigh of relief from investors as results were not as bad as some had expected.


    -- read full article
    Mon, 20 Oct 2008 23:38:25 GMT - Yahoo! News: Business
    Bernanke warms to second stimulus plan (Reuters)

    Federal Reserve Chairman Ben Bernanke participates in a House hearing on 'Economic Recovery - Options and Challenges' on Capitol Hill, October 20, 2008. (Jason Reed/Reuters)Reuters - Federal Reserve Chairman Ben Bernanke told Congress on Monday that another wave of government spending may be needed as the economy limps through what could be an extended period of subpar growth.


    -- read full article
    Tue, 21 Oct 2008 05:33:15 GMT - Yahoo! News: Business
    RIM shares drop after broker report on sales (Reuters)

    Jim Balsillie, co-chief executive of Research In Motion (RIM), holds the new Blackberry Bold handset during its launch in Mumbai September 18, 2008. (Punit Paranjpe/Reuters)Reuters - Research In Motion shares dropped as much as 10 percent on Monday after a brokerage report said that retail sales trends for BlackBerry smartphones in North America and Western Europe have been "slightly disappointing".


    -- read full article
    Mon, 20 Oct 2008 18:44:02 GMT - Yahoo! News: Business
    Don't Bail On Mutual Funds Now As Market Rallies In Aging Bear (Investor's Business Daily)
    Investor's Business Daily - In an age-old dance, panicking mutual fund investors are pulling out just as evidence is mounting that stocks are forming a bottom. -- read full article
    Fri, 17 Oct 2008 23:05:22 GMT - Yahoo! News: Business
    Fed chief warns of lengthy slowdown amid job fears (AFP)

    US Federal Reserve Chairman Ben Bernanke testifies before the House Budget Committee hearing on AFP - The chairman of the US Federal Reserve warned the country faced a protracted slowdown Monday, amid forecasts the financial crisis could push worldwide unemployment to a record high.


    -- read full article
    Mon, 20 Oct 2008 17:22:22 GMT - Yahoo! News: Business
    Detroit fears the worst as GM merger talks roll on (Reuters)

    General Motors Headquarters is seen along the Detroit River in Detroit, Michigan September 17, 2008. (Rebecca Cook/Reuters)Reuters - Detroit's economy has been beaten down for years by wave after wave of job losses in the U.S. auto industry, but locals fear the worst may be yet to come if General Motors Corp and Chrysler LLC merge.


    -- read full article
    Mon, 20 Oct 2008 17:29:56 GMT - Yahoo! News: Business
    U.S., Europe eye stimulus plans (Reuters)

    Corn for export is unloaded onto a ship at the Yingkou harbor, Liaoning province October 20, 2008. China's annual GDP growth fell to 9.0 percent in the third quarter from 10.1 percent in the second quarter, while the pace of factory output in September dropped to a six-year low, the government said on Monday. (Stringer/Reuters)Reuters - Interbank lending emerged from deep freeze, and European and U.S. officials moved closer to infusing their economies with new stimulus packages on Monday, providing hope the world's financial crisis may be easing.


    -- read full article
    Mon, 20 Oct 2008 18:25:17 GMT - Yahoo! News: Business
    Jury finds Parmalat defrauded Citigroup (Reuters)
    Reuters - A U.S. jury on Monday found Parmalat SpA defrauded Citigroup Inc in a case stemming from the Italian dairy company's 2003 collapse, and awarded the bank $364.2 million damages. -- read full article
    Mon, 20 Oct 2008 18:51:16 GMT - Yahoo! News: Business
    Wall Street up on energy, easing credit strains (Reuters)

    Traders work on the floor of the New York Stock Exchange, October 20, 2008. (Brendan McDermid/Reuters)Reuters - Stocks rose on Monday as investors welcomed signs that credit strains were easing and comments from Federal Reserve Chairman Ben Bernanke raised hopes for more spending to help the U.S. economy.


    -- read full article
    Mon, 20 Oct 2008 18:35:40 GMT - Yahoo! News: Business
    Bernanke, White House warm to another stimulus plan (Reuters)

    Federal Reserve Chairman Ben Bernanke participates in a House hearing on 'Economic Recovery - Options and Challenges' on Capitol Hill, October 20, 2008. (Jason Reed/Reuters)Reuters - Federal Reserve Chairman Ben Bernanke told Congress on Monday that another wave of government spending may be needed as the economy limps through what could be an extended period of subpar growth.


    -- read full article
    Mon, 20 Oct 2008 16:47:21 GMT - Yahoo! News: Business
    Gulf stocks mixed amid volatile trading (AFP)

    Stock markets in the energy-rich Gulf have closed in mixed territory amid volatile trading as investors appeared to be taking a wait-and-see approach.(AFP/File/Yasser al-Zayyat)AFP - Stock markets in the energy-rich Gulf ended mixed on Sunday amid volatile trading as investors appeared to be taking a wait and see approach as global markets were closed for the weekend.


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    Sun, 19 Oct 2008 15:01:45 GMT - Yahoo! News: Business
    GM eyes Chrysler cash, talks progressing: sources (Reuters)

    General Motors SUV's are displayed in an autosales lot in Troy, Michigan June 3, 2008. (Rebecca Cook/Reuters)Reuters - General Motors Corp is pushing ahead with talks to acquire Chrysler LLC in a deal that the automaker sees as a way to boost its cash position at a time when it has been shut out of debt markets and its own revenues are tumbling, sources said.


    -- read full article
    Mon, 20 Oct 2008 07:39:51 GMT - Yahoo! News: Business
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