Member 4288


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.

Hyundai union calls for work stoppage next week (Reuters)

05-07-2008 12h11
Reuters - Unionized employees of Hyundai Motor Co (005380.KS) will walk off the job for four hours next week to push for a pay increase, the auto maker's union said on Saturday.

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.

World stocks fall on financial shares, oil drops (Reuters)

05-07-2008 04h35
Reuters - World stocks edged lower on Friday, getting no relief from a decline in crude prices as concerns of further banking write-downs weighed on financial shares.

Smooth sailing for yacht builders despite economy (AP)

05-07-2008 13h21
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.

Economy - Thursday (Investor's Business Daily)

04-07-2008 07h02
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%.

Australia's Origin Energy rejects BG's $13B bid (AP)

04-07-2008 18h52
AP - Origin Energy Ltd., Australia's second largest power retailer, rejected a $13 billion takeover bid Friday from British natural gas producer BG Group.
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