LONDON, Nov. 14, 2008 (Reuters) — Three big European credit insurers have removed cover from suppliers of troubled U.S. carmakers General Motors Corp and Ford Motor Co, the Financial Times reported on Friday. ... > full story
BRUSSELS, Nov. 14, 2008 (Reuters) — Belgian-French financial services group Dexia agreed the sale of its troubled U.S. bond insurance subsidiary and launched a cost-saving drive after a heavy third-quarter loss. ... > full story
LONDON, Nov. 14, 2008 (Reuters) — Royal Bank of Scotland is considering cutting 3,000 jobs in its investment banking arm, a person familiar with the matter said on Friday. ... > full story
Nov. 14, 2008 (Reuters) — A Chapter 11 restructuring bid by one of the three top U.S. automakers is unlikely to succeed due to the damaged economy and frozen credit markets, and may even result in the company folding, billionaire investor Wilbur Ross told Bloomberg in an interview. ... > full story
Nov. 14, 2008 (Reuters) — Ninety percent of Merrill Lynch & Co Inc financial advisers who were offered bonuses to stay on with Bank of America Corp had signed up for them as of late Thursday, the Wall Street Journal said, citing people familiar with the firm. ... > full story
LONDON, Nov. 14, 2008 (Reuters) — Shares in Asia and Europe followed Wall Street higher on Friday as steep falls earlier this week attracted bargain hunters, while intensifying concerns about the UK economy knocked sterling to fresh 13-year lows. ... > full story
TOKYO, Nov. 14, 2008 (Reuters) — Nissan Motor Co said on Friday it would cut production in Japan by another 72,000 vehicles over the rest of the business year to next March, in addition to a cut of 65,000 vehicles it announced last month. ... > full story
PARIS, Nov. 14, 2008 (Reuters) — Shares in European aerospace group EADS soared on Friday as it beat expectations for the third quarter and raised its 2008 profit goal, upstaging a new 341 million euro provision for delays in a top military project. ... > full story
Nov. 14, 2008 (Reuters) — Citigroup Inc is cutting at least 10,000 jobs in its investment bank and other divisions throughout the world, the Wall Street Journal said, citing people familiar with the matter. ... > full story
LONDON, Nov. 13, 2008 (Reuters) — Royal Bank of Scotland is to cut 3,000 jobs worldwide in the next few weeks after the banking sector was rocked by the global financial crisis, the BBC reported on Friday. ... > full story
Copyright Reuters 2008. See Restrictions for more details.
Community to benefit from Bank of America $200,000 awards Nov. 14, 2008 (Hampton Roads Daily Press, Virginia) — A nonprofit organization, two Newport News residents and a Woodside High School student are recent recipients of awards from the Bank of America ...
Dexia posts €1.54 billion third quarter loss Nov. 14, 2008 (RTE.ie) — Bailed out French-Belgium bank Dexia said today that it suffered a third quarter loss of 1.54 billion as a result of the financial crisis. . ...
Cuomo ups ante in bank bonus probe Nov. 14, 2008 (Charleston Post and Courier) — NEW YORK - New York Attorney General Andrew Cuomo issued a subpoena to Bank of America this week demanding a list of every executive who received a ...
Subscribe
Print
Email
Bookmark
