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Date: Friday, 20 Nov 2009 22:59
AP - The New Hampshire attorney general's office wants to force a mortgage company that closed suddenly into bankruptcy.
Date: Friday, 20 Nov 2009 22:19
Reuters - U.S. chocolate maker Hershey Co is considering launching a bid of at least $17 billion for British chocolatier Cadbury Plc as it seeks to trump a hostile offer by Kraft Foods Inc, a source familiar with the matter said on Friday.
Date: Friday, 20 Nov 2009 21:49
Reuters - Investors tempted to put money into star hedge fund manager John Paulson's new gold portfolio will have to commit at least $10 million and leave the money locked up for at least one year, according to a prospectus.
Date: Friday, 20 Nov 2009 20:07
AP - The three major credit ratings agencies gave mortgage-backed securities unjustifiably high ratings in return for lucrative fees, losing at least $457 million for five Ohio public employee pension and retirement funds, the state's attorney general alleged in a lawsuit filed Friday.
Date: Friday, 20 Nov 2009 19:21
AP - Shares of sporting goods retailer Hibbett Sports Inc. rose Friday, a day after its third-quarter results beat Wall Street expectations and it raised its 2010 profit forecast.
Date: Thursday, 19 Nov 2009 11:26
AP - Sears Holdings lost money for the second consecutive quarter as customers spent elsewhere despite a series of early holiday season promotions designed to bring them back to the retailer's brands.
Date: Thursday, 19 Nov 2009 11:25
Reuters - Vivendi could exit from U.S. media group NBCU Universal as it has no intention to be part of the future joint venture being discussed by Comcast and General Electric, its chief financial officer said on Thursday.
Date: Thursday, 19 Nov 2009 10:29
Reuters - Asia is leading the global economy out of the deepest downturn in decades but the recovery will be marred by high unemployment and huge government debt across the industrialized countries, the OECD said on Thursday.
Date: Thursday, 19 Nov 2009 09:05
Reuters - Federal Reserve officials on Thursday downplayed the consequences of the falling U.S. dollar, underscoring that deflation is still a threat, especially with commercial real estate prices falling.
Date: Wednesday, 18 Nov 2009 22:52
AP - Disappointing forecasts from technology companies and an unexpected drop in home construction added to worries about the economy and sent stocks modestly lower.
Date: Wednesday, 18 Nov 2009 21:11
U.S. News & World Report - The fitful nature of the housing sector's healing process was apparent Wednesday when a government report on new-home construction came in much weaker than economists had expected. The Commerce Department reported that October housing starts dropped nearly 11 percent from September and almost 31 percent from a year earlier. "The headline number is a shocker," Patrick Newport, U.S. economist at IHS Global Insight, said in a report. Here are four things you need to know about the development:
Date: Wednesday, 18 Nov 2009 02:01
Reuters - A key U.S. congressional panel moved toward toughening a plan for dealing with "too big to fail" financial firms on Tuesday, while rejecting a Republican alternative that is expected to reappear later.
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