Deutsche loses as Dresdner imperils Allianz 2008-05-01 06:01 - Deutsche Bank, Germany’s biggest bank, today disclosed its first quarterly
loss in five years as Allianz said that the problems at its Dresdner Bank
operation could threaten medium-term profits goals.
Warren Buffett’s stake helps Mars take over Wrigley 2008-05-01 06:01 - Warren Buffett took advantage of the credit crunch yesterday as Mars announced
an agreed $23 billion ($£11.5 billion) takeover of Wrigley in a deal that the
world’s richest man helped to finance in return for a cut-price stake in the
chewing gum group.
How you can bank like the rich and famous 2008-05-01 06:01 - Chief executives and wealthy landowners are not put on hold for hours when
they call their banks, or transfered to call centres on the other side of
the world. The wealthy elite keep their fortunes in private banks - small
boutique financiers who take care of everything from credit for a new yacht
to a new unit trust for the grandchildren.
Lord & Taylor Considers Stores Outside U.S. 2008-05-01 06:01 - The quintessentially American department store is weighing opening stores outside the United States, possibly in Mexico and Canada, its chairman said.
Stocks & Bonds: Markets Await Fed’s Interest Rate Verdict 2008-05-01 06:01 - A session of modest moves came despite one of the most active days for acquisitions in almost three months and ahead of a widely expected interest rate cut by the Fed.
McGraw-Hill Profit Falls 44% 2008-05-01 06:01 - Earnings fell to $81.1 million as business dropped at the company’s Standard & Poor’s ratings agency. The results beat Wall Street estimates, but the company forecast a decline in full-year earnings.
Bankers clash with King over City bonuses 2008-05-01 06:01 - The British Bankers’ Association has told Mervyn King, the Governor of the
Bank of England, to refrain from commenting publicly on City pay, after Mr
King criticised bankers’ salary packages yesterday.
G.M. Posts $3.3 Billion Loss 2008-05-01 06:01 - The results are likely to raise questions about the viability of G.M.’s turnaround, particularly after its cross-town rival, Ford, reported a profit last week.
Time Warner Spinning Off Cable Unit 2008-05-01 06:01 - The announcement, which was not unexpected, came as Time Warner reported quarterly earnings that were largely in line with Wall Street’s expectations.
Committee Criticizes Move at Journal 2008-05-01 06:01 - The ouster of The Wall Street Journal’s top editor last week did not live up to the conditions that the News Corporation agreed to when it bought the paper, an oversight committee said.
