business news

MBIA sold $4 bln of assets to meet obligations

MBIA sold $4 bln of assets to meet obligations July 1st, 2008 By Joan Gralla NEW YORK (Reuters) - MBIA Inc (MBI ... of our insurance policies, GICs (guaranteed investment contracts), medium-term notes and other debt instruments

Fed may loosen rules on private equity bank...

Fed may loosen rules on private equity bank stakes-WSJ June 27th, 2008 NEW YORK, June 26 (Reuters) - The U.S ... . Banks have raised money from government investment funds,mutual funds and other investors, often

Fitch lowers US Airways and United outlooks

Fitch lowers US Airways and United outlooks May 30th, 2008 NEW YORK—Fitch Ratings on Thursday pushed its credit rating on US Airways Group Inc ... , it is several notches below investment grade. The moves come as the CEOs of both airlines were

FACTBOX: Russian investment in North American...

FACTBOX: Russian investment in North American steel May 26th, 2008 MOSCOW (Reuters) - Russian steel companies, owned by some of the country’s richest men, have invested about $9 billion

Japan and Germany strike back with stunning...

When the US sneezes the rest of the world catches a cold, or so they used to say. More recently, the talk is that we have seen de-coupling, that the US is no longer so important. It’s an important point, because if the de-couplers are right, global recession will be avoided,

Citi’s Pandit under pressure to revive bank W...

Citi’s Pandit under pressure to revive bank - WSJ May 6th, 2008 NEW YORK, May 5 (Reuters) - Citigroup Inc (C.N: Quote, Profile, Research) ... ) investment banking and trading businesses, has drawnpraise for addressing urgent financial issues

Ladenburg Thalmann completes acquisition of...

Ladenburg Thalmann completes acquisition of Punk, Ziegel May 6th, 2008 NEW YORK—Ladenburg Thalmann Financial Services Inc. has completed its deal to buy Punk, Ziegel & Co. for an undisclosed amount, the investment bank said Monday. Ladenburg Thalmann announced the deal in March. It has merged Punk, Ziegel

Ahead of the Bell: Analyst upgrades New York...

Ahead of the Bell: Analyst upgrades New York & Co. May 6th, 2008 NEW YORK—An analyst upgraded New York & Co ... , he said. “If sales momentum can finally kick in, we believe the investment could become even

Barclays Top Executive Makes An Exit

In a move that has incited wide-spread talk of trouble at the top of Britain’s third largest bank, a senior Barclays executive, Paul Idzik, ... and Bob Diamond, who is the bank’s president and the head of its investment banking division. Mr ... drop in profits in its investment arm Barclays Capital, as a consequence of the credit crunch

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