-
Reuters - The buyers of telecoms company BCE Inc
are sticking to the agreed C$34.8-billion ($34.1 billion)
purchase price and have finalized the funding for the deal to
go ahead, the company said on Friday.
-
Reuters - Battered Swiss bank UBS said on Friday
it should be saved from another hefty loss in the second
quarter by a large tax credit, giving a much-needed though
short-lived boost to its share price.
-
Reuters - World stocks slipped back towards this
week's five-month low on Friday as steadying oil prices failed
to erase concerns about slowing economic growth and rising
inflation, and as banking stocks came under renewed pressure.
-
Reuters - Goldman Sachs said the European banks sector
needs to raise about 60 billion to 90 billion euros ($94 to
$141 billion), or withhold one year of dividends, to reach an
aggregate Tier I ratio of 9 percent -- a level achieved by
European banks that have recapitalized recently.
-
Reuters - Deputy U.S. Treasury Secretary Robert
Kimmitt said on Friday he was confident about the United
States' economic fundamentals in the long term despite a
current rough patch and was quite optimistic about the future.
-
Reuters - Deputy U.S. Treasury Secretary Robert
Kimmitt said on Friday he was confident about the United
States' economic fundamentals in the long term despite a
current rough patch and was quite optimistic about the future.
-
Reuters - NEW YORK (Reuters) -The Dow rose on Thursday, a day after
the blue-chip average entered a bear market, on relief payrolls
data was not as weak as some had feared and with another record
oil price boosting energy shares.
- Investor's Business Daily - The benchmark 30-year fixed home loan rate fell 10 basis points to 6.35%, ending a 5-week uptrend to a 9-month peak, mortgage finance giant Freddie Mac said. Weaker economic data made a Fed rate hike less likely, pushing Treasury yields and mortgage rates lower. The 15-year fixed-rate mortgage slid 12 ticks to 5.92%. The 1-year ARM fell 10 basis points to 5.17%. - AP - Origin Energy Ltd., Australia's second largest power retailer, rejected a $13 billion takeover bid Friday from British natural gas producer BG Group. - Stocks slumped Wednesday, with the Dow and Nasdaq ending in bear market territory on record oil prices, a 15% slump in GM stock and worries ahead of the June jobs report and ECB interest-rate decision, both due Thursday.

- Oil prices rose to a new record Wednesday as traders mostly looked past a mixed inventory report to focus on continued geopolitical instability, currency issues and a looming jobs report.

- By most measures, the first half of 2008 was downright dreadful for most banks and securities firms.

- The dollar was mixed against major currencies Wednesday as investors await the European Central Bank's decision on interest rates and the latest unemployment numbers from the U.S. Department of Labor.

- An influential oil-policy group released a report Tuesday arguing that the increase in oil-market speculation is not driving up crude prices. But the study far from ends the debate.

- Bond prices settled higher Wednesday, lowering corresponding yields, after a report revealed a larger-then-expected decline in private employment during June.

- Golf claps for the stock market Scrooges. As a dicey first half ends, the investors who fared the best were the ones who bet on the worst.

-

- The fireworks may come a day early for the financial markets if the European Central Bank, as expected, raises interest rates on Thursday.

- The dollar declined Tuesday as stronger-than-expected economic reports from Japan and Germany strengthened overseas currencies, amid further concerns about write-offs in the financial sector in the United States.

- Read full story for latest details.

- Question: I have a pretty vanilla investment portfolio and an advisor who tells me to stay the course every time I call him while freaking out about the market. This money is my nest egg. I invest conservatively with mutual funds not individual stocks/ bonds. In other words, should I stay the course or freak out and sell?

- More and more data go speeding along the information superhighway every day. Only trouble is, the roads in the U.S. are too narrow, and they're getting clogged. Unless carrying capacity increases rapidly, Internet users will experience more and more traffic jams in the form of slower service.

- It has been a tough first year for the Blackstone Group since its initial public offering. But other newly public alternative asset managers have also struggled.

- Maybe traders really want to get to the beach. How else to explain the action on Wall Street this week?

04 Jun 2007 07:39 am by admin
Worldwide Business News, Top Business Stories
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