Member 737


European leaders vow to fight financial crisis (Reuters)

05-10-2008 07h51
Reuters - European leaders vowed after crisis talks on Saturday to do all they could to fend off the financial mayhem that has snowballed out of Wall Street and is now hitting banks in Europe.

Belgium, Luxembourg scramble to sell Fortis (Reuters)

05-10-2008 04h46
Reuters - Belgium and Luxembourg scrambled on Saturday to find a buyer for the remains of troubled financial group Fortis and mulled a further nationalization after the Netherlands took over its Dutch units.

Honeywell sees '09 bizjet sales up, but peak looms (Reuters)

05-10-2008 07h04
Reuters - Worldwide business jet deliveries will rise 8 to 17 percent next year to what may be a peak as high fuel costs and global economic worries depress demand, according to a forecast by Honeywell International Inc released on Saturday.

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.

Hypo Real fights for life after rescue collapses (Reuters)

05-10-2008 05h03
Reuters - Property lender Hypo Real Estate (HRE) fought for its life on Saturday after German banks and insurers pulled out of a state-led 35 billion euro ($48.5 billion) rescue program stitched together only days ago.

Bank-Rescue Plan Wins Approval as House Reverses Vote (Bloomberg)

04-10-2008 03h11
Bloomberg - Oct. 3 (Bloomberg) -- Congress passed a $700 billion financial-market rescue plan designed to unlock credit markets, reversing a rejection that sent global stock markets plunging and threatened to worsen an economic slowdown.
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