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Manitowoc wins Enodis auction with $2.7 billion bid

CHICAGO (Reuters) - Manitowoc Inc said on Monday it had beat out Illinois Tool Works Inc (ITW) in the official auction for British kitchen equipment maker Enodis .


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  30 June, 2008| massmedia | Comments (0) @ 15:45
U.S. seeks court order for UBS Swiss records

WASHINGTON (Reuters) - The U.S. Justice Department said on Monday it asked a federal court in Miami for an order authorizing the Internal Revenue Service to request information from Zurich-based UBS AG about U.S. taxpayers who may be using Swiss bank accounts to evade federal income taxes.

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  30 June, 2008| massmedia | Comments (0) @ 15:29
Lehman Shares Plunge 12% On Takeover Rumor

Speculation that Barclays would make an offer to buy the firm at a below-market price caused the fall….
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  30 June, 2008| massmedia | Comments (0) @ 13:22
Oil slips from record $143 on U.S. demand worries

NEW YORK (Reuters) - Oil slipped from a record high above $143 a barrel on Monday as weak U.S. demand countered mounting tensions between OPEC nation Iran and Israel.


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  30 June, 2008| massmedia | Comments (0) @ 12:44
Oil hits record over $143 on Iran-Israel tensions

NEW YORK (Reuters) - Oil prices hit a record high above $143 a barrel on Monday as mounting tensions between Iran and Israel stirred supply concerns.


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  30 June, 2008| massmedia | Comments (0) @ 12:17
SABMiller CEO declines comment on Modelo

NEW YORK (Reuters) - SABMiller chief executive Graham Mackay on Monday declined comment on whether the brewer has approached Mexican beermaker Grupo Model about a possible merger.


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  30 June, 2008| massmedia | Comments (0) @ 10:51
Tiscali says still studying offers of interest

MILAN (Reuters) - Italian broadband operator Tiscali said on Monday it was still studying offers from parties interested in its assets, missing a June 30 deadline it had set for itself for finding a buyer.


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  30 June, 2008| massmedia | Comments (0) @ 10:28
Celtic Tiger’s economy shrinks

The Irish Republic’s economy shrinks in the first three months of the year, official figures show….
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  30 June, 2008| massmedia | Comments (0) @ 10:25
Oil at new peak above $143

Crude oil prices surge to a new high near to $144 a barrel as ministers from oil producing nations meet in Madrid….
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  30 June, 2008| massmedia | Comments (0) @ 9:54
FTSE ends session higher on oil

LONDON (Reuters) - The top share index ended 1.7 percent higher on Monday, with oil stocks gaining on a record high crude price and miners, led by Anglo American , advancing on firmer metals.


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  30 June, 2008| massmedia | Comments (0) @ 9:48
Productivity growth slows sharply

LONDON (Reuters) - Productivity growth slowed markedly in the first three months of the year, official data showed on Monday.


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  30 June, 2008| massmedia | Comments (0) @ 9:00
New low for mortgage approvals

The number of new mortgages being approved for house purchases has dropped heavily for another month….
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  30 June, 2008| massmedia | Comments (0) @ 7:13
Energy’s easiest fix: Use less

Want to help the country save a quick million barrels of oil a day? Drive 5% less. Slow down. Inflate your tires.

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  30 June, 2008| massmedia | Comments (0) @ 6:40
SABMiller lowers Latam target due to softer demand

LONDON (Reuters) - SABMiller , the world’s biggest brewer, lowered the beer volume growth target for one of its key regions, Latin America, on Monday due to softer consumer demand, especially in Colombia and Peru.


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  30 June, 2008| massmedia | Comments (0) @ 6:36
Mittal unlikely to buy Rio stake soon

LONDON (Reuters) - Steel magnate Lakshmi Mittal considered buying a stake in bid target Rio Tinto to expand his interests in iron ore but has decided against it for now, sources familiar with the matter said on Monday.


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  30 June, 2008| massmedia | Comments (0) @ 6:21
Investment sales dip in May

LONDON (Reuters) - Net sales of retail investment products dipped in May as brittle investor confidence took another hit, according to data issued on Monday by the Investment Management Association (IMA).


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  30 June, 2008| massmedia | Comments (0) @ 5:54
Business dilemma

Risks mount for UK firms with interests in Zimbabwe…
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  30 June, 2008| massmedia | Comments (0) @ 5:54
Crash worries grow over housing market

LONDON (Reuters) - Fears of a property market crash mounted on Monday after new figures showed approvals for home loans plummeting to a record low and the consumer mood at its bleakest since the onset of the recession in 1990.


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  30 June, 2008| massmedia | Comments (0) @ 5:04
Commodities and Vodafone lift FTSE

LONDON (Reuters) - The leading share index rose 1.06 percent by midday on Monday as oil stocks tracked record high crude prices and heavyweight Vodafone gained on a music deal with MySpace, though banks fell.


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  30 June, 2008| massmedia | Comments (0) @ 4:26
Oil breaks new ground above $143

Crude oil prices surge to a new high near to $144 a barrel as ministers from oil producing nations meet in Madrid….
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  30 June, 2008| massmedia | Comments (0) @ 4:24
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