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Congress to hear Bernanke, Paulson on market strain (Reuters)

15-07-2008 13h12
Reuters - Discussion of persistent financial market turmoil is seen as likely to overshadow the Federal Reserve's semi-annual monetary policy outlook when Fed Chairman Ben Bernanke testifies before Congress on Tuesday.

Pledge fails to lift cloud over Fannie, Freddie (Reuters)

15-07-2008 08h03
Reuters - Buyers showed no hesitation in bidding on Freddie Mac's $3 billion debt sale on Monday, just hours after the U.S. government pledged support for the nation's top mortgage finance agencies, but the steps failed to stem growing alarm on Wall Street.

Lehman CEO mulls ways to take bank private: NY Post (Reuters)

15-07-2008 18h03
Reuters - Lehman Brothers Chief Executive Richard Fuld is considering ways to take the Wall Street investment bank private, the New York Post reported on Tuesday.

InBev buys Bud for $52 bln to be top world brewer (Reuters)

15-07-2008 02h08
Reuters - Anheuser-Busch Cos Inc accepted a sweetened $52 billion takeover bid from Belgium-based InBev NV NV , creating the world's largest beer maker and placing an iconic U.S. company into foreign hands.

BT to invest $3 bln in UK super-fast broadband (Reuters)

15-07-2008 18h05
Reuters - Britain's BT plans to invest 1.5 billion pounds ($3 billion) to roll out super-fast broadband to up to 10 million UK homes by 2012, enabling services such as video conferencing and interactive gaming.

Economy - Monday (Investor's Business Daily)

15-07-2008 07h37
Investor's Business Daily - Retail sales ex autos rose 1.1% from May, the biggest gain in 7 months, as consumers spent gov't tax rebates, according to SpendingPulse, a unit of MasterCard Advisors. Most of the increase went for food, energy and other necessities. The Commerce Dept. releases official retail sales figures on Tue.

Wall Street's woes escalate ahead of earnings wave (AP)

14-07-2008 03h10
AP - Investors can't seem to catch a break — Wall Street again starts a week with oil prices at their highest levels yet, and banks poised to reveal that they remain on shaky footing.

AOL launches personal finance site (Reuters)

15-07-2008 13h48
Reuters - Time Warner Inc's AOL will launch a personal finance site on Tuesday, adding to a roster of new properties that do not bear its name.

eBay wins key ruling in Tiffany trademark suit (AFP)

15-07-2008 07h41
AFP - Internet auction giant eBay cannot be held liable for trademark infringement for counterfeit items sold through its website, a US judge ruled Monday in a case brought by luxury retailer Tiffany.
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