Former Refco CEO gets 16 years in prison
Published Friday, July 4, 2008
Phillip Bennett, the former chief executive of Refco, was sentenced to 16 years in prison on Thursday for fleecing investors of more than $2.4 billion in a fraud that destroyed the world's largest independent commodities broker.
Read More |
Add a Comment
Microsoft seeks allies for new Yahoo move: report
Published Thursday, July 3, 2008
Microsoft Corp (MSFT.O: Quote, Profile, Research) is preparing a new bid for Yahoo Inc's (YHOO.O: Quote, Profile, Research) search business and has approached other media companies about joining it in a deal that would effectively lead to Yahoo's breakup, the Wall Street Journal said.
Read More |
Add a Comment
Airline pilots brace for downsizing, career change
Published Thursday, July 3, 2008
United Airlines pilot Todd Coomans has yet to fully recover from a painful furlough five years ago that set his airline career back several years and, along the way, also cost him his marriage.
Read More |
Add a Comment
Steelmakers integrate to guarantee raw materials
Published Thursday, July 3, 2008
Steelmakers are buying mines and mining companies to increase self-sufficiency in their key raw materials, iron ore and coking coal, which have seen prices soar over the last year.
Read More |
Add a Comment
AstraZeneca bolstered by Seroquel patent victory
Published Thursday, July 3, 2008
AstraZeneca (AZN.L: Quote, Profile, Research) shares rose nearly 5 percent on Wednesday after the group won a key U.S. patent battle over its second-biggest selling drug, Seroquel, for schizophrenia and bipolar disorder.
Read More |
Add a Comment
GM bucks expectations as U.S. auto sale
Published Wednesday, July 2, 2008
U.S. auto sales plunged in June to a 15-year low, but a month-end clearance sale helped General Motors Corp (GM.N: Quote, Profile, Research, Stock Buzz) retain its No. 1 spot and steer clear of the wipeout many had feared, sending its shares higher.
Read More |
Add a Comment
Fed must prevent wage-price spiral: Lockhart
Published Wednesday, July 2, 2008
The Federal Reserve must "react decisively" to stop inflation pushing up wages, one of its top policy-makers said on Tuesday, dropping a clear hint about the possibility of interest-rate hikes ahead.
Read More |
Add a Comment
Mortgage ruling could shock U.S. banking industry
Published Tuesday, July 1, 2008
A lawsuit filed by a Wisconsin couple against their mortgage lender could have major implications for banks should a U.S. appeals court agree that borrowers can cancel their loans en masse when their lenders violate a federal lending disclosure law.
Read More |
Add a Comment
Merrill may write down $5.4 billion in Q2: Lehman
Published Sunday, June 29, 2008
Merrill Lynch & Co will likely write down $5.4 billion of securities in the second quarter, mainly due to its exposure to bond insurers, an analyst at Lehman Brothers wrote on Friday.
Read More |
Add a Comment
Home
