NEWS.com.au | Business | Top Stories
THE US Federal Reserve in a surprise move has today lowered the discount rate it charges on direct loans to finance companies by 25 basis points to 3.25 per cent.
BusinessWeek Online -- Investing
With bankruptcy looming, the banks reach a deal: JPMorgan will acquire the troubled investment house for only $2 a share
NEWS.com.au | Business | Top Stories
FAILED Wall Street investment bank Bear Stearns will be bought by JP Morgan Chase for $US2 a share, company officials said today.
WSJ.com: What's News Europe
Prudential said that its 2007 net profit rose 17%, thanks to a solid performance in Asia by the U.K. insurer.
WSJ.com: What's News Europe
RAB Capital had flat 2007 net profit and said assets under management fell 4.7% the first two months this year.
Newsvine - business - Wire
Investment bank Bear Stearns Cos. completed an emergency deal Sunday to be bought by JPMorgan Chase & Co. Bear Stearns was forced into a government-led bailout on Friday after finding itself unable to meet the demands of lenders and customers trying to pull their cash out.
Yahoo! News: Business
Reuters - Shares of Perry Ellis International and G-III Apparel are likely to rise this year, barring a deep economic recession, fueled by good management, strong finances and a healthy outlook for their brands, according to business weekly Barron's.
FT.com - Companies Asia-Pacific
Asian brokerage and investment bank hires Wu Changgen who will oversee the firm's expansion in China
MSNBC.com: Business
Pontiac wants to beef up its performance credentials with two new rear-wheel-drive vehicles that will debut at next week's New York International Auto Show, but the timing couldn't be worse as high gas prices test consumers' appetite for growling engines.
BusinessWeek Online -- Technology
Scientists are experimenting with viruses, salmon sperm DNA, potatoes, and more in making biomaterials for consumer electronics
FT.com - Companies Asia-Pacific
The first Chinese mutual fund to invest in "socially responsible" companies in the country is expected to launch by the end of the month
FT.com - Companies Middle-East & Africa
Africa, particularly sub-Saharan Africa, has for decades been thought of as, at best, a volatile investment opportunity with the glamour and extreme risk of diamond mines
FT.com - Companies Asia-Pacific
Cairo-based asset manager EFG-Hermes and Singapore-based Fullerton Fund Management have teamed up to tap Japanese, Hong Kong, Taiwanese and Singaporean investors to raise $160m to invest in shares in the Middle East and North Africa
FT.com - Companies Asia-Pacific
The share price of BT Investment Management has fallen about 40% since the stock made its debut on the Australian Stock Exchange last December, but CEO Dirk Morris says he is not worried
FT.com - UK News
A new appeals process is to be set up to ensure all health providers – including private companies – have an equal chance of winning contracts to supply services to the NHS
FT.com - UK Homepage
US technology companies have capped their research and development spending as the industry enjoys its strongest period of growth this decade
FT.com - US homepage
Technology companies in some of the most fiercely competitive parts of the industry have decided to place fewer, bigger bets as they grapple with two conflicting pressures: how to boost profit margins, while investing in the new technologies necessary to fuel future growth
FT.com - US homepage
Pepsi is at odds with some of its biggest US retail customers over a national marketing campaign offering free digital music downloads from online retailer Amazon
FT.com - US homepage
Crude oil futures prices for delivery until 2016 have surged above $100 a barrel as investors bet that long term oil costs will remain high
FT.com - US homepage
Bristol-Myers Squibb is sounding out potential bidders for a possible sale of Mead Johnson, its baby formula business, valued at between $7bn and $9bn