Jan. 2, 2009 (Reuters) — The Federal Deposit Insurance Corp, in a statement on its Website, says it signed a letter of intent to sell Indymac Federal bank operations to thrift holding company controlled by IMB Management Holdings LP. ... > full story
LONDON, Jan. 2, 2009 (Reuters) — World stock markets opened the new year with gains on Friday after a dismal 2008, while the dollar rose against major currencies and prices in crude and gold fell. ... > full story
Jan. 2, 2009 (Reuters) — The Treasury Department's inspector general is examining the decision to award bailout funds to City National Corp's City National Bank, the Los Angeles Times reported. ... > full story
HELSINKI, Jan. 2, 2009 (Reuters) — Nokia will focus on profit development amid a falling cell phone market in which many competitors are cutting prices, Chief Executive Olli-Pekka Kallasvuo told the Financial Times. ... > full story
BEIJING, Jan. 2, 2009 (Reuters) — Chinese factories slashed output and workers at a record pace in December and manufacturing activity overall fell for a fifth month as the global financial crisis hit export demand, a survey by brokerage CLSA showed on Friday. ... > full story
WASHINGTON, Jan. 1, 2009 (Reuters) — The ailing U.S. steel industry is pressing President-elect Barack Obama for a public works plan that could be worth $1 trillion over two years to boost flagging demand for U.S.-made steel, the New York Times reported in Friday's editions. ... > full story
NEW YORK, Jan. 1, 2009 (Reuters) — Bank of America Corp completed its purchase of Merrill Lynch & Co and Wells Fargo & Co finished buying Wachovia Corp, the latest sea changes in a transformed banking industry facing dire economic times ahead. ... > full story
NEW YORK, Jan. 1, 2009 (Reuters) — Bank of America Corp completed its purchase of Merrill Lynch & Co on Thursday, creating the largest U.S. bank and perhaps one of the biggest challenges yet for longtime Chief Executive Kenneth Lewis. ... > full story
NEW YORK, Jan. 1, 2009 (Reuters) — Wells Fargo & Co said it has completed its roughly $12.7 billion purchase of Wachovia Corp, a big bet that it properly assessed the risks in Wachovia's huge book of mortgage and real estate loans. ... > full story
SINGAPORE, Jan. 1, 2009 (Reuters) — Commodities, until six months ago the darling of investors and an out-performing asset class, sealed their worst year on record with accelerating losses in the fourth quarter of the year, data showed on Thursday. ... > full story
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Merrill Lynch workers stand, applaud, say goodbye Jan. 1, 2009 (Businessweek) — New York City investment bank Merrill Lynch has seen its last day.. . As of Thursday the company will be part of the Charlotte, N.C.-based Bank of ...
US Bancorp eyes expansion, brighter year ahead Dec. 31, 2008 (Economic Times, India) — In any ordinary year, a 23% stock price drop would hardly be something to boast about. But for Richard Davis, the chief executive of US Bancorp ...
Reuters Business Summary Mar. 21, 2008 (Conde Nast Portfolio) — U.S. trade body to probe Sony. The U.S. International Trade Commission said it would launch an investigation into some 30 companies including Sony ...
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