Business news for Mon, 31 Dec 2007 & with word crisis. 16 news.

The year just past was not a good one for the stocks of Long Island's publicly-traded companies, which fell 11.5 percent overall, pulled down mostly by two companies involved in the mortgage industry crisis.

NEW YORK (Reuters) - Citigroup Inc and Merrill Lynch & Co were the world's top underwriters of stocks and bonds in 2007, measured by volume and reported fees, despite being at the epicenter of the global credit crisis.

Pakistan's political crisis escalated as the party of slain leader Benazir Bhutto said it would run in Jan. 8 elections and urged supporters to channel outrage over her death into opposition to President Pervez Musharraf's regime.

FTSE 100 rises 4% during 2007, but loses 7-year highs in the wake of crisis on wholesale credit markets

KARACHI (Reuters) - Pakistani shares slumped on Monday and the currency hit a six-year low, the first market reaction to the killing of former premier Benazir Bhutto whose death has plunged the country into a political crisis.

Shares of London Scottish Bank (LSB) plunged almost 20 per cent in early morning trading after the small finance house and debt collector issued a profit and dividend warning. By mid-morning, the shares were down 17.86 per cent at 62.98p

Reuters - Pakistani shares slumped on Monday and the currency hit a six-year low, the first market reaction to the killing of former premier Benazir Bhutto whose death has plunged the country into a violent political crisis.

KARACHI (Reuters) - Pakistani shares slumped on Monday and the currency hit a six-year low, the first market reaction to the killing of former premier Benazir Bhutto whose death has plunged the country into a violent political crisis.

Never mind the U.S. subprime loan crisis, the main cause of Japan's lackluster economic performance this year is entirely self-inflicted, according to analysts.

REAL ESTATE FOR commercial real es tate, the good times seen in the beginning of 2007 proved to be too good to last. At the end of 2006, we warned, "The city's commercial real estate market is in the middle of such a perfect Zen balance that...

Asian shares rose in thin and shortened trading Monday causing the MSCI Asia-Pacific index to record its smallest annual increase since the aftermath of the 1997-98 Asian financial crisis

Tax revenue is down considerably across the nation, creating budget shortfalls and forcing hard choices on what to cut. Dozens of states, counties and cities across the nation will enter the new year facing deep and unexpected budget holes as the widening mortgage crisis cuts sharply into tax revenue.

Spooked by the credit crisis, investors have yanked billions of dollars from stock and bond mutual funds since the mortgage meltdown ...

Battered sector braced for plunge in income with demand forecast to drop by up to 20pc.

The world's major banking groups are facing unprecedented pressure to repair balance sheets and restore their liquidity as the ongoing credit crisis shows few signs of easing. Conventional commercial pressures are also refusing to go away.

Savers were dealt a blow after it emerged that Halifax, Nationwide and Bradford & Bingley are to cut savings rates by more than a quarter-point after the base-rate cut this month.