Treasury near GSE bailout plan: report
Published Saturday, Sept. 6, 2008
The U.S. Treasury Department is close to finalizing a plan to buttress mortgage finance companies Fannie Mae and Freddie Mac, The Wall Street Journal reported on Friday.
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Blackstone, KKR eye Lehman assets: sources
Published Saturday, Sept. 6, 2008
Blackstone Group LP and Kohlberg Kravis Roberts & Co are each looking to buy parts of Lehman's real estate and asset management units, sources familiar with the situation said on Friday, sparking a broad rebound in financial stocks.
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Companies impose new disclosures on activists
Published Saturday, Sept. 6, 2008
U.S. companies are demanding new disclosures from activist shareholders in an effort to better defend themselves against investors waging high-pressure campaigns for corporate change.
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Jobless rate at 5-year high
Published Saturday, Sept. 6, 2008
An unexpectedly steep 84,000 U.S. jobs were lost in August and the unemployment rate hit a five-year high of 6.1 percent, fanning worry ahead of November's presidential vote that the economy was near recession.
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Boeing in tight spot after union strike vote
Published Friday, Sept. 5, 2008
Boeing Co must make concessions to its machinists or risk a damaging work stoppage after members of its biggest union rejected the plane maker's contract and voted overwhelmingly to walk off the job. Read More |
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Credit strains linger, Pimco pleads for help
Published Friday, Sept. 5, 2008
Banks and businesses are still having trouble raising money, according to data on Thursday that reinforced the prospect that the year-long U.S. credit crisis will persist for the foreseeable future. Read More |
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FBI arrests ex-Credit Suisse broker
Published Friday, Sept. 5, 2008
An indicted former Credit Suisse broker was in U.S. custody on Thursday to face charges over deceptive sales of subprime-related auction-rate debt, the FBI said.
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Discounters still bright spot for weak retail
Published Friday, Sept. 5, 2008
U.S. discounters, led by Wal-Mart Stores Inc, remained a bright spot in a weak retail industry in August, as shoppers sought back-to-school deals, while department stores and luxury chains disappointed. Read More |
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Hedge fund Atticus denies liquidation rumors: report
Published Friday, Sept. 5, 2008
Hedge fund company Atticus Capital denied market rumors it was liquidating its positions and closing down and said it had a large net capital position and was looking for investment opportunities, the Wall Street Journal reported on Thursday. Read More |
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Lehman weighs real estate spinoff: report
Published Friday, Sept. 5, 2008
Lehman Brothers Holdings Inc is considering a plan to put some $32 billion of its commercial real estate and mortgage assets in a new company and spin it off, Bloomberg reported on its website on Thursday. Read More |
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TiVo, DirecTV to develop new DVR
Published Thursday, Sept. 4, 2008
TiVo Inc (TIVO.O: Quote, Profile, Research, Stock Buzz) is developing a new digital video recorder for satellite TV provider DirecTV (DTV.O: Quote, Profile, Research, Stock Buzz), rekindling a strained relationship and potentially opening the door to boosting the number of its subscribers.
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August retail sales expected to show weakness
Published Thursday, Sept. 4, 2008
Major U.S. retailers are expected to post softer August sales as consumers spent less on back-to-school items, with the results helping to set analysts' expectations for the all-important holiday season.
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For Lehman, painful choices ahead
Published Thursday, Sept. 4, 2008
Lehman Brothers Holdings Inc faces painful decisions ahead of its expected announcement of another big quarterly loss later this month.
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