Member 3956


Congress passes bailout, focus shifts to fallout (Reuters)

04-10-2008 07h43
Reuters - The U.S. government enacted a landmark $700 billion bank bailout on Friday, but investors questioned whether it could contain a panic that began on Wall Street and spread to become a global financial crisis.

Wells bids $15 billion for Wachovia; scuffles with Citi (Reuters)

04-10-2008 07h42
Reuters - Wells Fargo & Co agreed to buy Wachovia Corp for about $15 billion, upstaging a government-backed Citigroup Inc bid for Wachovia's banking assets with a deal that would catapult it into the top ranks of national consumer banking.

Google, Yahoo delay search ad partnership (Reuters)

04-10-2008 07h52
Reuters - Google Inc and Yahoo Inc have decided to delay implementing a controversial search advertising partnership, Yahoo said on Friday.

Stocks drop on economic concerns despite bailout (Reuters)

04-10-2008 05h44
Reuters - NEW YORK (Reuters) -Wall Street ended its worst week in seven years with another tumble on Friday on fears that the $700 billion financial rescue package may not unblock credit markets and stave off a U.S. recession.

Anheuser sees profit up, Modelo seeks arbitration (Reuters)

04-10-2008 07h34
Reuters - Brewer Anheuser-Busch Cos Inc previewed strong third-quarter results and told investors that partner Grupo Modelo will seek arbitration over Anheuser's proposed takeover by InBev , a move that could possibly disrupt the deal.

London shares rally (AFP)

04-10-2008 01h40
AFP - London shares closed up sharply on Friday as investors pinned their hopes on the revival of a 700-billion-dollar rescue package which goes to the vote in the US House of Representatives tonight.

Toyota announces zero-percent financing (AP)

03-10-2008 19h59
AP - Toyota Motor Corp. has announced zero-percent financing on 11 models as it tries to woo would-be buyers sidelined by the consumer credit crunch.

Family Dollar profit tops estimates (Reuters)

03-10-2008 21h01
Reuters - Family Dollar Stores Inc posted a higher-than-expected quarterly profit on Friday, helped by shoppers who spent tax rebate checks at the discount retailer and by closely controlling costs.
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