Member 1502


BCE buyers finalize funding (Reuters)

05-07-2008 06h01
Reuters - Announcing what it said were "essential milestones" allowing the world's largest leveraged buyout to go ahead, BCE Inc said on Friday that its buyers had finalized funding and were sticking to their C$34.8-billion ($34.1 billion) purchase price.

Merrill nears deal to sell Bloomberg stake: report (Reuters)

05-07-2008 03h01
Reuters - Merrill Lynch & Co may sell its 20 percent stake in financial news and data provider Bloomberg LP to a blind trust controlled by New York City Mayor Michael Bloomberg, The New York Post reported on Friday.

French bank body fines SocGen $6 million over Kerviel (Reuters)

05-07-2008 02h34
Reuters - France's Banking Commission on Friday fined Societe Generale 4 million euros ($6.3 million) for serious breaches in internal controls revealed by the French bank's 4.9 billion euro rogue trading loss.

Tax credit to save UBS from hefty loss (Reuters)

04-07-2008 22h19
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.

EU opens in-depth investigation of Rio-BHP deal (Reuters)

05-07-2008 01h56
Reuters - The European Commission opened an in-depth investigation on Friday into BHP Billiton's $170 billion unsolicited bid for rival miner Rio Tinto , with prices of iron ore already soaring.

Smooth sailing for yacht builders despite economy (AP)

05-07-2008 03h09
AP - Fuel prices are soaring and credit markets tightening, but the super-rich are still lining up to pay tens of millions of dollars for mega yachts.

Energy shares, tame jobs data lift Dow (Reuters)

04-07-2008 03h12
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.
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