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U.S. Markets Fail To Rally On Bailout Approval (AHN)   more similar news »
(AHN) - Markets shook off bad economic data and traded higher heading into the bailout vote by the House. The bill was passed by a landslide and Bush quickly signed it into law. However, markets seemed to be unimpressed and gave back gains, selling off into the close to finish negative. - Fri, 3 Oct 2008 18:28:05 GMT
Thu Jan 01, 1970
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Citigroup Snaps Back At Wachovia, Says Deal With Wells Fargo Invalid (AHN)   more similar news »
(AHN) - Citigroup Inc. (NYSE: C) turned furious after Wachovia Corp. (NYSE: WB) dumped it and decided to marry Wells Fargo & Co. (NYSE: WFC) for a price of $15.1 billion in an all- stock transaction. - Fri, 3 Oct 2008 16:24:02 GMT
Thu Jan 01, 1970
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Boeing's 3Q Aircraft Deliveries Plunge 23%, Affected By Strike (AHN)   more similar news »
(AHN) - The strike at The Boeing Co. (NYSE: BA) affected the number of deliveries in the third quarter as shipments of aircrafts declined by 23 percent, the company said in a statement on Friday. - Fri, 3 Oct 2008 15:36:17 GMT
Thu Jan 01, 1970
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Bank Of Canada Ensures Availability Of Funds For Loans By Infusing Up To $20 Billion Cash The Money Markets (AHN)   more similar news »
(AHN) - The Bank of Canada will flush the country's financial system with cash of up to $20 billion to ensure Canadians will have access to loans. - Fri, 3 Oct 2008 12:08:55 GMT
Thu Jan 01, 1970
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French Statistics Office Forecasts 0.1 Percent Contraction Of Country's Gross Domestic Product (AHN)   more similar news »
(AHN) - French Finance Minister Christine Lagarde has practically admitted France has entered into a recession, although she tried to avoid the word. - Fri, 3 Oct 2008 12:04:30 GMT
Thu Jan 01, 1970
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Huge Non-Farm Payroll Cuts Cause U.S. Labor Secretary To Issue Call For Rescue Plan (AHN)   more similar news »
(AHN) - U.S. Labor Secretary Elaine L. Chao said Friday that the poor September employment numbers showing 159,000 Americans lost their jobs last month is all the more reason for Congress to pass an economic rescue plan. - Fri, 3 Oct 2008 12:01:39 GMT
Thu Jan 01, 1970
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U.K. Follows U.S. Move To Hike Deposit Insurance Ceiling (AHN)   more similar news »
(AHN) - Like the U.S. which hiked the maximum amount of deposits covered by insurance to $250,000 from $100,000, similar moves will take effect in Britain by Oct. 7. - Fri, 3 Oct 2008 11:04:27 GMT
Thu Jan 01, 1970
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E.ON Buy-in Of One-Fourth Of Large Russian Natural Gas Field Makes Germany 50 Percent Owner Of The Energy Pool (AHN)   more similar news »
(AHN) - After years of negotiations, E.ON and Gazprom inked Thursday a deal in which the German energy firm bought 25 percent of a large natural gas field located at Yuzhno Russkoye in Russia. - Fri, 3 Oct 2008 09:00:14 GMT
Thu Jan 01, 1970
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Moller International Auctioning Its Prototype Of First Flying Car Type Aircraft On eBay (AHN)   more similar news »
(AHN) - Moller International is auctioning its first flying car type aircraft on eBay, saying it is in perfect condition, in the same configuration as it flew during its international press flight and is expected to appreciate in value as production models go on sale. - Fri, 3 Oct 2008 08:53:05 GMT
Thu Jan 01, 1970
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Wall Street Set To Open Higher On Mixed Economic Reports Ahead Of Bailout Vote (AHN)   more similar news »
(AHN) - Wall Street shares are likely to trade higher on Friday as companies seek to raise more capital to shore up their balance sheet ahead of scheduled U.S. House's second vote on $700 billion financial-rescue package. - Fri, 3 Oct 2008 08:51:14 GMT
Thu Jan 01, 1970
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U.K's Brown Proposes $21.2 Billion Fund To Aid Small Business In EU (AHN)   more similar news »
(AHN) - Early Saturday, U.K.'s Prime Minister Gordan Brown announced that the government will seek additional $21.2 billion (15 billion euros, 12 billion pound) in to the money market to support small businesses. - Sat, 4 Oct 2008 13:36:54 GMT
Thu Jan 01, 1970
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Europe Will Not Follow U.S. To Resolve Financial Crisis (AHN)   more similar news »
(AHN) - The Leaders of France, Germany, Italy and the United Kingdom are meeting in a small summit hosted by French President Nicolas Sarkozy on Saturday to formulate a rescue plan for the Euro zone. - Sat, 4 Oct 2008 12:38:10 GMT
Thu Jan 01, 1970
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Societe Generale, BNP Paribas Considered Favorable Buyers Of Fortis' Belgian Arm (AHN)   more similar news »
(AHN) - The Dutch government is likely to temporarily nationalize Fortis NA on reports that the ninth biggest financial-services firm is still struggling to raise capital following the earlier rescue plan. - Sat, 4 Oct 2008 11:10:49 GMT
Thu Jan 01, 1970
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Wachovia Upgrades General Growth To 'Outperform' Despite $4 Billion In Debt (AHN)   more similar news »
(AHN) - Investors on Wall Street have shown confidence in General Growth Properties, Inc (NYSE: GGP), the second largest shopping mall company in the country, amid declining consumer spending. - Sat, 4 Oct 2008 08:07:47 GMT
Thu Jan 01, 1970
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Ryder Systems Acquires Canadian Logistics Firms, Expands To Asia (AHN)   more similar news »
(AHN) - Transport and hauling company Ryder System, Inc. announced Friday that it has acquired all the assets of Canadian logistics firms Transpacific Container Terminal Ltd. and CRSA Logistics expanding its foothold in Canadian and Asian markets. - Sat, 4 Oct 2008 08:04:21 GMT
Thu Jan 01, 1970
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First Nations Tribe Leaders, Gas Line Companies In Talks Over Oil Pipe Project In Canada (AHN)   more similar news »
(AHN) - First Nations tribe leaders in southern Manitoba have urged gas line companies TransCanada and Enbridge to consult with Canada's aboriginal communities first on oil pipeline projects in the province. - Sat, 4 Oct 2008 08:03:53 GMT
Thu Jan 01, 1970
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Bombardier To Supply Two More Q400 Turboprops To Porter Airlines (AHN)   more similar news »
(AHN) - Canadian regional carrier Porter Airlines said Friday that it is opting to exercise the purchase of two additional Q400 turboprop aircraft from Bombardier Aerospace. - Sat, 4 Oct 2008 02:06:36 GMT
Thu Jan 01, 1970
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Family Dollar Posts Record Q4 Profits (AHN)   more similar news »
(AHN) - Family Dollar Stores Inc. reported Friday a 46 percent earnings increase for the fiscal fourth quarter as cash strapped consumers turned to their stores for discount products. - Sat, 4 Oct 2008 02:05:58 GMT
Thu Jan 01, 1970
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California May Need Treasury To Finance Short-Term Debt (AHN)   more similar news »
(AHN) - California Gov. Arnold Schwarzenegger has warned California may need emergency funding from the U.S. Treasury as the state is unable to sell $7 billion of debt due to the credit crisis. - Fri, 3 Oct 2008 20:01:58 GMT
Thu Jan 01, 1970
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AIG To Sell Several Business Units To Repay Fed Loan (AHN)   more similar news »
(AHN) - American International Group announced Friday many of its business units are up for sale and they have been contacted by numerous parties regarding possible deals. - Fri, 3 Oct 2008 18:40:05 GMT
Thu Jan 01, 1970
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Citigroup Secures NY Court Order To Temporarily Block Wachovia-Wells Fargo Deal (AHN)   more similar news »
(AHN) - Citigroup Inc. (NYSE: C) announced late Saturday that it has secured an order from a New York state court judge to temporarily block Wells Fargo & Co. (NYSE: WFC) acquiring Wachovia Corp. (NYSE: WB), leading the banks to use court to resolve the issue. - Sun, 5 Oct 2008 13:27:57 GMT
Thu Jan 01, 1970
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Honeywell Projects Long-Term Market Demand For Business Jets To Yield $300 Billion (AHN)   more similar news »
(AHN) - Honeywell International Inc. (HYSE: HON) projected a rise in global sales of business jets over the next 10 years that would yield the aircraft industry as much as $300 billion. - Sun, 5 Oct 2008 13:23:56 GMT
Thu Jan 01, 1970
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Hong Kong Finds Dangerous Melamine Levels In Two Cadbury Chocolate Products (AHN)   more similar news »
(AHN) - Hong Kong authorities said Sunday they have found two China-made Cadbury products with unsafe levels of the industrial chemical melamine. The officials said the products were made in British candy maker's Beijing plant amid growing controversy over contaminated milk products that has affected thousands of Chinese babies. - Sun, 5 Oct 2008 13:16:09 GMT
Thu Jan 01, 1970
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FedEx Mulls $110M Distribution Center In North Carolina (AHN)   more similar news »
(AHN) - FedEx Corp., America's largest freight forwarder and whose performance is used as a benchmark for the U.S. economy, plans to construct a $110 million distribution hub in Kernersville, North Carolina. - Sun, 5 Oct 2008 10:36:11 GMT
Thu Jan 01, 1970
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Germany's Hypo Real Estate Could Be A Bigger Liability Than Initially Estimated (AHN)   more similar news »
(AHN) - Germany's second largest property lender, Hypo Real Estate Holding AG, announced on Sunday that the government-backed rescue package worth 35 billion euros ($49 billion) has been withdrawn by a banking consortium. - Sun, 5 Oct 2008 08:11:49 GMT
Thu Jan 01, 1970
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Tokio Marine's $4.7 Billiion Philadelphia Consolidated Takeover Wins Approval (AHN)   more similar news »
(AHN) - The Pennsylvania Insurance Department has approved the merger of Japanese insurer Tokio Marine Holding and Philadelphia Consolidated Holding. - Mon, 6 Oct 2008 18:26:24 GMT
Thu Jan 01, 1970
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U.S. Markets Fall, Dow Closes Below 10,000 (AHN)   more similar news »
(AHN) - U.S. markets plunged as banking concerns around the world and weakness in overseas markets had investors headed for the exits. However, a late rally on optimism of a Fed rate cut helped all three major indices pare a large portion of losses. - Mon, 6 Oct 2008 17:16:54 GMT
Thu Jan 01, 1970
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Heinz Launches $288 Million Takeover Bid For Gold Circle (AHN)   more similar news »
(AHN) - American food giant HJ Heinz Co., maker of Heinz Ketchup, has launched a takeover bid for Gold Circle Ltd. of Queensland, Australia for $288 million. - Mon, 6 Oct 2008 16:44:02 GMT
Thu Jan 01, 1970
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Gloomy Forecast For Top 5 Canadian Banks (AHN)   more similar news »
(AHN) - The economists of Canada's five largest banks agree there would be little or zero growth ahead for Ottawa in the coming months. The gloomy forecast does not end there, they even foresee recession for Canada and the U.S. - Mon, 6 Oct 2008 16:04:51 GMT
Thu Jan 01, 1970
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Economists Expect U.S. Economy To Revive In 2009, But More Near-Term Weakness (AHN)   more similar news »
(AHN) - Business economists have become more negative on the economic outlook for the next several quarters due to tight credit markets and weak consumer spending, according to a survey of 48 economists released on Monday. - Mon, 6 Oct 2008 15:11:47 GMT
Thu Jan 01, 1970
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Dow Trips Below 10,000 On Chocking Credit Markets; Wall Street Drifts Deep Into Red (AHN)   more similar news »
(AHN) - Stocks on Wall Street plunged on Monday on sell-off, sending the the Dow Jones industrial average below 10,000 for the first time in nearly four years. - Mon, 6 Oct 2008 14:03:02 GMT
Thu Jan 01, 1970
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Countrywide Agrees To 10-State Multimillion Homeowner Foreclosure Relief Deal (AHN)   more similar news »
(AHN) - Countrywide agrees to multimillion dollar foreclosure relief and loan modification deal with thousands of homeowners with qualifying mortgages in Florida, and nine other states. - Mon, 6 Oct 2008 13:37:23 GMT
Thu Jan 01, 1970
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Over $768 Billion Worth Of Personal Deposits In German Banks Guaranteed By Federal Government (AHN)   more similar news »
(AHN) - Following the failure of major European leaders to come up Saturday with a comprehensive plan on how to deal with the global financial crisis, German Chancellor Angela Merkel issued Sunday a guarantee for all personal savings deposits in Germany. - Mon, 6 Oct 2008 11:15:37 GMT
Thu Jan 01, 1970
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Vietnam Looking For Funds For $15B Railway Systems (AHN)   more similar news »
(AHN) - The government of Vietnam on Monday announced plans to build two new railway systems in the booming cities of Hanoi and Ho Chi Minh at a cost of $15 billion to de-congest traffic in the region. - Mon, 6 Oct 2008 10:21:50 GMT
Thu Jan 01, 1970
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AIG To Unload Philippine Unit To Pay Off Debt (AHN)   more similar news »
(AHN) - American Insurance Group (AIG) is selling its Philippine unit, the Philippine-American Life General Insurance Co., (PhilamLife), even as the company assured its customers there is no need to worry. - Mon, 6 Oct 2008 10:19:59 GMT
Thu Jan 01, 1970
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