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- St Modwen Properties posts H1 loss
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LONDON (Reuters) - Property company St Modwen Properties reported a first-half loss on Monday and said while market conditions remained uncertain it was confident about its longer-term prospects.
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Original Source: feeds.reuters.com
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13 July, 2008| massmedia |
Comments (0) @ 23:58
- BAA to exchange bonds for new debt
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LONDON (Reuters) - Airports operator BAA, bought by Spain’s Ferrovial in 2006, said on Monday it had made significant progress on a plan to refinance its debt and would ask investors to vote on a bond exchange.
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Original Source: feeds.reuters.com
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13 July, 2008| massmedia |
Comments (0) @ 23:55
- Dutch shareholders ask regulator to probe Fortis
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AMSTERDAM (Reuters) - Dutch shareholder group VEB has asked the Dutch market regulator AFM to urgently investigate whether Fortis misled shareholders and failed to inform them in a timely manner of looming solvency concerns.
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Original Source: feeds.reuters.com
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13 July, 2008| massmedia |
Comments (0) @ 23:52
- Freddie Mac and Fannie Mae: The muddle-through approach
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America’s government tries a quick fix for the intractable problems of Fannie Mae and Freddie MacFANNIE MAE and Freddie Mac, the two government-supported mortgage giants at the centre of America’s housing market, pose a particularly acute problem for the Bush administration. Not only are they too big to fail. They are almost too big to rescue.They hold or guarantee some $5.2 trillion of the nation’s $12 trillion of mortgages, backed by the thinnest wafer of capital, meaning their collapse would imperil the already paralysed American housing market. Yet as Joshua Rosner, an analyst at Graham Fisher, a research firm, points out, nationalising them, a stark choice for the government since their shares tumbled last week, would “result in a doubling of the federal deficit, a further collapse of the dollar and unthinkable implications for the Treasury’s cost of funding in the debt markets.” ……
Original Source:
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13 July, 2008| massmedia |
Comments (0) @ 23:20
- The muddle-through approach
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America’s government tries a quick fix for the intractable problems of Fannie Mae and Freddie MacFANNIE MAE and Freddie Mac, the two government-supported mortgage giants at the centre of America’s housing market, pose a particularly acute problem for the Bush administration. Not only are they too big to fail. They are almost too big to rescue.They hold or guarantee some $5.2 trillion of the nation’s $12 trillion of mortgages, backed by the thinnest wafer of capital, meaning their collapse would imperil the already paralysed American housing market. Yet as Joshua Rosner, an analyst at Graham Fisher, a research firm, points out, nationalising them, a stark choice for the government since their shares tumbled last week, would “result in a doubling of the federal deficit, a further collapse of the dollar and unthinkable implications for the Treasury’s cost of funding in the debt markets.” ……
Original Source:
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13 July, 2008| massmedia |
Comments (0) @ 23:20
- A drugs racket
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The cost of cocaine in Europe and AmericaDESPITE being much nearer to the main coca-producing countries in South America, the price paid by American consumers for a gram of cocaine, at $86.40, is pretty close to the $94 paid in Europe. Stricter anti-drug policing in America may be a factor in keeping the cost high. The margin between the wholesale and retail price in America is higher than that in Europe, suggesting that supply may be more tightly controlled by dealers….
Original Source:
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13 July, 2008| massmedia |
Comments (0) @ 23:15
- An outsider in the galleries
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Looking over what the arts have wrought on the mill-towns of old MassachusettsTHE morning is unseasonably cold and I’m standing with a friend outside the Clark Art Institute in Williamstown, Massachusetts, pounding on the front door as if to break it down. It’s a few minutes before 10am, we’re late for an academic conference and underdressed for the freezing climate. Eventually, we cease our banging, so as not to disturb the crowd of nice-looking, elderly folk who have queued up behind us. “Good”, we think, “they’re here for the conference as well.” ……
Original Source:
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13 July, 2008| massmedia |
Comments (0) @ 23:10
- Actelion and GSK in deal on almorexant
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ZURICH (Reuters) - Swiss biotech firm Actelion teams up with British group GlaxoSmithKline to develop and market the Swiss firm’s sleep medicine almorexant, in a deal worth up to 3.3 billion Swiss francs (1.6 billion pounds).
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Original Source: feeds.reuters.com
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13 July, 2008| massmedia |
Comments (0) @ 23:10
- Robert Peston
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Why jobless levels are more important than house prices…
Original Source: www.bbc.co.uk
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13 July, 2008| massmedia |
Comments (0) @ 22:44
- InBev agrees to buy Anheuser for $50 bln
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PHILADELPHIA/NEW YORK (Reuters) - U.S. brewer Anheuser-Busch Cos Inc accepted a sweetened $50 billion (25.2 billion pound) takeover bid from Belgium-based InBev NV, creating the world’s largest beer maker.
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Original Source: feeds.reuters.com
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13 July, 2008| massmedia |
Comments (0) @ 22:43
- Dollar up on Fannie and Freddie plan
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HONG KONG (Reuters) - The U.S. dollar rose and government bond prices fell on Monday after Washington proposed an emergency plan to rescue the top U.S. mortgage finance companies, offering to buy their shares if necessary.
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Original Source: feeds.reuters.com
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13 July, 2008| massmedia |
Comments (0) @ 21:56
- InBev confirms Anheuser-Busch deal
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PHILADELPHIA/NEW YORK (Reuters) - U.S. brewer Anheuser-Busch Cos Inc agreed to be acquired by Belgium-based InBev NV for about $50 billion (25.2 billion pounds), the companies said on Sunday, creating the world’s largest beer maker.
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Original Source: feeds.reuters.com
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13 July, 2008| massmedia |
Comments (0) @ 21:52
- InBev confirms Anheuser deal for $50 bln
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PHILADELPHIA/NEW YORK (Reuters) - U.S. brewer Anheuser-Busch Cos Inc agreed to be acquired by Belgium-based InBev NV for about $50 billion (25.2 billion pounds), the companies said on Sunday, creating the world’s largest beer maker.
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Original Source: feeds.reuters.com
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13 July, 2008| massmedia |
Comments (0) @ 21:47
- Fannie and Freddie rescue calms markets
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WASHINGTON (Reuters) - A U.S government plan to shore up mortgage finance firms Fannie Mae and Freddie Mac helped calm markets on Monday but did little to allay fears about the health of the U.S. financial system.
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Original Source: feeds.reuters.com
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13 July, 2008| massmedia |
Comments (0) @ 21:34
- SEC To Probe Market Rumors
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Securities regulator aims to crack down on attempts to manipulate stocks by spreading false information….
Original Source: www.forbes.com
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13 July, 2008| massmedia |
Comments (0) @ 20:55
- Microsoft and Icahn promised Yahoo billions in ad revenue
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SAN FRANCISCO (Reuters) - Microsoft Corp and billionaire investor Carl Icahn’s joint proposal for Yahoo Inc, which was rejected on Saturday, included improved revenue guarantees from search advertising, people familiar with the matter said on Sunday.
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Original Source: feeds.reuters.com
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13 July, 2008| massmedia |
Comments (0) @ 19:48
- U.S. moves to shore up mortgage giants
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WASHINGTON (Reuters) - The United States on Sunday offered massive aid to Fannie Mae and Freddie Mac to bolster confidence in the mortgage finance giants and head off a potential meltdown in financial markets.
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Original Source: feeds.reuters.com
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13 July, 2008| massmedia |
Comments (0) @ 18:33
- InBev agrees to buy Anheuser
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PHILADELPHIA/NEW YORK (Reuters) - U.S. brewer Anheuser-Busch Cos Inc agreed to a $50 billion (25 billion pounds) takeover by Belgium-based InBev NV, a source familiar with the situation said on Sunday, creating the world’s largest beer maker.
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Original Source: feeds.reuters.com
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13 July, 2008| massmedia |
Comments (0) @ 18:05
- InBev finalizes deal to buy Anheuser-Busch
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PHILADELPHIA (Reuters) - U.S. brewer Anheuser-Busch Cos Inc agreed to be acquired by Belgium-based InBev NV for $70 per share, a source familiar with the situation said on Sunday.
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Original Source: feeds.reuters.com
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13 July, 2008| massmedia |
Comments (0) @ 17:50
- Anheuser, InBev move closer to deal
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PHILADELPHIA/NEW YORK (Reuters) - U.S. brewer Anheuser-Busch Cos Inc moved closer to a friendly, $50 billion (25 billion pounds) takeover by Belgium-based InBev NV , sources familiar with the situation said on Sunday.
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Original Source: feeds.reuters.com
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13 July, 2008| massmedia |
Comments (0) @ 17:23