 FDIC to act as receiver of Old Southern Bank of OrlandoThe FDIC has been appointed receiver of the Old Southern Bank, in... | |
 KKC files to list $2.2 billion worth of shares on NYSEPrivate equity firm Kohlberg Kravis Roberts & Co files to list $2.2 billion worth of shares on the NYSE in a long-anticipated move to follow their rival, Blackstone... |
 Chinese steelmakers want to talk to government about rising ore costsChinese steelmakers want government to address rising iron ore... |
| 2009 revenue for BMW down 5% BMW has suffered a profit dip of 36% between 2008 and 2009, according to company... |
 Astonishing oil demand by ChinaThe International Energy Agency has described China's increasing demand for oil as... |
 German financial crisis jokes fall flat for AthensAthens has declared its displeasure at recent German attempts to make light of the financial crisis facing the... |
 Wall Street sidelined by dollar fallThe U.S. dollar was sharply weaker Friday as stocks drifted... |
 Statewide Bank in Louisiana to be absorbed by Home BankThe Statewide Bank, headquartered in Covington, Louisiana, has been taken over by Home Bank, on the order of... |
 Park Avenue Bank bites the dustRegulators closed the Park Avenue Bank, of New York, New York, Friday and appointed the FDIC as... |
 LibertyPointe Bank is shut downThe LibertyPointe Bank in New York, New York, has been closed by... |
| Gop Says Democrats Have Wasted A Year In 'bitter, Destructive' Drive To Reform Us Health Care WASHINGTON - Newly arrived Republican Sen. Scott Brown of Massachusetts accused President Barack Obama and Democrats on Saturday of a "bitter, destructive and endless" drive to pass health... |
| Obama To Propose New Plan To Raise Education Standards In U.s. March 13 (Bloomberg) -- President Barack Obama said he will send Congress a plan to update the U.S. government’s main education aid program with an “ambitious goal” for all students... |
| This Week In Geek: Caffeinated Cars, Six Cores, Games, More It's been a busy week for those of us in the Land of Geek, what with a new processor from Intel, a major trade show, plus more new tech and gadgetry than you can poke a stick at. Here are a few of... |
| Google "99.9 Pct" Sure To Shut China Search Engine: Report (Reuters) - Talks with China over censorship have reached an apparent impasse and Google, the world's largest search engine, is now "99.9 percent" certain to shut its Chinese search engine, the... |
| Gop Warns Again Against Passing Health Bill Newly arrived Republican Sen. Scott Brown of Massachusetts accused President Barack Obama and Democrats on Saturday of a "bitter, destructive and endless" drive to pass health overhaul legislation... |
| Felderhof: The Man Who Can't Clear His Name TORONTO -- Two floors below ground in a windowless purple-walled seminar room at the Metro Toronto Convention Centre, one of dozens of presentations was underway this week at the annual convention of... |
| Agrium Shares Jump As Cf Gets Terra The nitrogen wars are over, and Agrium Inc. is moving on to different opportunities. Friday, U.S. fertilizer companies CF Industries Holdings Inc. and Terra Industries Inc. agreed to merge in a... |
| Canwest Newspapers Chief Steps Down Dennis Skulsky, the president of Canwest Global Communications Corp.’s newspaper and publishing division, resigned Friday, saying he wants to spend more time with his... |
| Canadian Stocks Flat In Lacklustre Trading Canadian stocks ended the week little changed, advancing a mere 38.68 points over the past five trading sessions. Friday's performance was equally lacklustre, with the S&P/TSX composite index... |
| Canwest Lp Proceeds With Sale Canwest Global Communications Corp. said yesterday it is moving on to the second phase of the bidding process for its newspaper division with several non-binding offers in hand. The country's... |
| Potash Corp. Leads Fertilizer Stocks Higher Fertilizer stocks moved higher Friday morning after Potash Corp. of Saskatchewan Inc. hiked its outlook and Agrium Inc. dropped a high-risk bid for a competitor. Potash Corp. said a sharp rebound in... |
| Vale Strikers In Subdbury Vote Against Contract Vale SA nickel-mine strikers in Sudbury, Ontario, voted against a contract offered by the company on March 7. Of 2,371 workers who voted, 88.7% were against the contract Thursday, Denis St.... |
| Buffett, World's 3rd-richest Person, Gets Pay Rise NEW YORK -- Warren Buffett was awarded total compensation of about US$519,490 in 2009 to run Berkshire Hathaway Inc, a 6% increase mainly reflecting the higher cost of keeping the world's... |
| Big Funds Stalk Canwest Newspapers The sale of Canada's largest English-language daily newspaper chain has attracted some of the country's financial heavyweights as potential suitors. Among the shortlist of bidders for Canwest... |
| Murdoch Takes Aim At New York Times NEW YORK -- Back in 1976 after he bought the New York Post, a confounded Rupert Murdoch asked the chairman of Bloomingdales why the upscale department store didn't advertise in his paper. According... |
| Transat Strategy 'didn't Work' Jean-Marc Eustache, Transat A.T. chief executive, admitted Thursday that his efforts to restore the profitability of the country’s largest tour operator fell flat this winter after just about... |
| Leave Yuan To Us, China Tells Obama The United States should not make a political issue out of the yuan, a Chinese central banker said on Friday, as the two countries lurched toward a potential bust-up over Beijing's currency... |
| Stocks Hit 7 Week Highs, Yen Pressured LONDON -- Global stocks rose to seven week highs on Friday led by bank shares after talks on U.S. banking reform collapsed, while speculation the Bank of Japan may soon ease monetary policy weighed... |
| Stock Futures Mixed Ahead Of Retail Sales Data Stock index futures pointed to a mixed open on Wall Street on Friday, with futures for the S&P 500 up 0.4%, Dow Jones futures down 0.01% and Nasdaq 100 futures up 0.01%. Investors awaited... |
| Volatile Dollar Hits Services, Report Says OTTAWA - Contrary to popular belief, the bulk of the country's manufacturing sector is able to "shrug off " wild swings in the Canadian dollar, whereas the services sector is the most exposed, an... |
| Goldcorp Q4 Profits Jumps On Rising Gold Prices TORONTO -- Goldcorp Inc. delivered a solid fourth quarter as it continues to keep costs in check and benefit from near-record gold prices. The Vancouver-based giant reported adjusted Q4 earnings... |
| Transcanada Keystone Xl Pipeline Approved Canada's National Energy Board (NEB) said it approved an application from TransCanada Keystone Pipeline GP Ltd to construct and operate the Keystone XL Pipeline Project, and the proposed tolls for... |
| Senators Resist Obama Over Projects In Health Bill President Barack Obama says he wants projects helping specific states yanked from the health care bill Congress is writing. Democratic senators, being senators, beg to... |
| Obama's Bid To Remove Senators' Projects From Health Care Bill Runs Into Political Reality WASHINGTON - President Barack Obama says he wants projects helping specific states yanked from the health care bill Congress is writing. Democratic senators, being senators, beg to differ. The... |
| European Stocks Climb For A Second Week As Greece Concern Fades March 13 (Bloomberg) -- European stocks rose for a second week, sending the Stoxx Europe 600 Index to the highest level in more than seven weeks, as concern eased that Greece will fail to contain the... |
| Wall Street Faces Key Economic Reports March 13, 2010 By Germain Moyon New York - Wall Street stocks are set to build on nearly year-and-a-half highs as they face next week's key economic reports and the US Federal Reserve's monetary... |
| Us Stocks Mixed At Week's End March 13, 2010 New York - US stocks were mixed on Wall Street on Friday, with an unexpected increase in retail sales as shoppers defied heavy snow in February, boosting some results. Retail sales... |
| Germany Says Unaware Of Greek Bailout Deal (Reuters) - Germany's Finance Ministry said on Saturday it was not aware of any agreement by euro zone members to provide a multi-billion euro bailout package for heavily indebted... |
| Impac Mortgage Holdings, Inc. Announces Upcoming Release Of Year... Impac Mortgage Holdings, Inc. (NYSE Amex: IMPM), a Maryland corporation, or the “Company,” announces the scheduling of a conference call and live webcast on Tuesday, March 16, 2010 at 9:00 a.m.... |
| New Wave Of Foreclosures Threatens Market While banks repossessed fewer homes in February than a month earlier, borrowers continued to fall behind on their payments, adding to the inventory of properties headed toward foreclosure that have... |
| California Sues Toyota For Faults Prosecutors in California are suing Toyota, claiming the Japanese carmaker sold hundreds of thousands of vehicles that it knew had defects.The world's largest carmaker has recalled millions of... |
| Market Snapshot: U.s. Stock Investors To Use Data As A Road Map U.S. stock investors will look in the coming week to economic data for confirmation that the recovery is continuing, while banking on relative inaction from the Federal Reserve. "We've got a market... |
| Six Imperatives For Financial Regulation: Summers (Reuters) - The United States should rethink domestic and global financial regulation, Lawrence Summers, director of the White House's National Economic Council, said on Friday, outlining six... |
| Wall St Week Ahead: Data, Fed To Test If Rally Has Legs Investors will try to tack another leg on to the year-long U.S. stock rally, looking to next week's economic data and statement from the central bank for evidence the recovery is still on... |
| Fdic Shuts 30th Bank For 2010 People are seen inside the LibertyPointe Bank branch at 120 Broadway Friday in New York. Regulators on Friday shut down banks in New York, Florida and Louisiana, raising to 30 the number of failures... |
| Wall Street Faces Fed Meeting With Momentum Wall Street stocks are set to build on nearly year-and-a-half highs as they face next week's key economic reports and the US Federal Reserve's monetary policy meeting. "We are in the process of... |
| Yellen Emerges As Likely Pick For Fed; Would Favor Low-rate Policies To Ease Unemployment WASHINGTON - President Barack Obama's likely choice of Janet Yellen to become vice chairman of the Federal Reserve would favor a policy that stresses low interest rates to ease unemployment over... |
| Asian Stocks Mixed, Fears Of China Tightening Linger HONG KONG -- Japanese Prime Minister Yukio Hatoyama's call Friday for a weaker yen boosted sentiment but fears of credit tightening in China lingered in a mixed day for Asian... |
| Eu 'nearing' Greece Bail-out Deal The EU is poised to reach agreement on a multi-billion euro bail-out for Greece after weeks of crisis, senior officials have told the BBC.The rescue package would provide loans and guarantees for... |
| Ba Chief: 'unions Are Stuck In A Time Warp' British Airways chief executive Willie Walsh has launched a scathing attack on union bosses following the announcement of seven days of strikes by cabin... |
