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Date: Friday, 20 Nov 2009 21:58
Reuters - U.S. chocolate maker Hershey Co is considering launching a bid of at least $17 billion for British chocolatier Cadbury Plc in an effort to outstrip 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 20:18
Reuters - When the U.S. holiday shopping season kicks off on the day after Thanksgiving, retailers can expect to see millions of less frightened but even more bargain hungry customers cross their thresholds.
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 19:55
Reuters - The U.S. economy's return to growth in the third quarter was less brisk than previously thought as the trade deficit worsened and companies still aggressively cut inventories, a Reuters survey predicted.
Date: Friday, 20 Nov 2009 19:26
AP - A federal grand jury in Eugene has indicted 13 people on mortgage and loan fraud charges arising from the collapse of a central Oregon development company.
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 10:09
Reuters - The U.S. economic recovery will be weaker than after previous deep recessions, and the high jobless rate will decline only slowly, 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: Thursday, 19 Nov 2009 03:47
Reuters - Hedge fund manager Kenneth Griffin's Citadel Investment Group lost $8 billion in clients' money last year, but is turning things around as markets recover and has made $5 billion in profits so far this year, the Wall Street Journal said on Wednesday.
Date: Wednesday, 18 Nov 2009 22:45
AP - The leader of Wal-Mart Stores Inc.'s Latin American division, Vicente Trius, is leaving the company after having served less than five months in the position.
Date: Wednesday, 18 Nov 2009 22:03
AP - The following stocks were among those that moved substantially or traded heavily Wednesday on the New York Stock Exchange:
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 01:10
Reuters - A Chinese court has ruled that Microsoft (MSFT.0) infringed a Chinese software maker's intellectual property rights in a surprise decision that has renewed concerns about China's management of IPR disputes, the Financial Times reported on Wednesday.
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