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European shares edge up, dollar dips

LONDON, Nov. 12, 2008 (Reuters) — European stocks recovered some ground on Wednesday after steep losses in the previous session and the dollar dipped, but oil hovered near 20-month lows on ongoing worries about a slowdown in global demand. ...  > full story

Microsoft nears search deal with Verizon: report

Nov. 12, 2008 (Reuters) — Microsoft Corp is moving closer to an agreement with Verizon Wireless to become the default search provider on the wireless carrier's cell phones, the Wall Street Journal said, citing people familiar with the discussions. ...  > full story

Treasury considers private capital role in TARP: report

Nov. 12, 2008 (Reuters) — The Treasury Department, signaling a new phase in its $700 billion financial rescue plan, is considering requiring that firms seeking future government money raise private capital in order to qualify for public assistance, the Wall Street Journal said, citing people familiar with the matter. ...  > full story

House speaker seeks auto bailout bill

WASHINGTON, Nov. 11, 2008 (Reuters) — House of Representatives Speaker Nancy Pelosi sought legislation on Tuesday to bail out failing automakers, saying she was confident an emergency measure would be approved next week. ...  > full story

U.S. card losses could hit new highs in 2009: Fitch

NEW YORK, Nov. 11, 2008 (Reuters) — U.S. credit card losses could set new highs in 2009, due to higher unemployment, volatile energy prices and fewer refinancing options, Fitch Ratings said in a report on Tuesday. ...  > full story

Legg Mason not planning to raise fresh capital: CEO

BOSTON, Nov. 11, 2008 (Reuters) — Legg Mason Inc is not planning to raise fresh capital to support investments in risky securities made by its money-market funds, the U.S. asset manager's chief executive said on Tuesday. ...  > full story

World business leaders back more regulation: survey

LONDON, Nov. 11, 2008 (Reuters) — Business leaders around the world back greater regulation in response to the global financial crisis, a survey showed on Wednesday, with support strongest for curbs on credit rating firms, hedge funds and structured finance. ...  > full story

Goldman CEO says strategy won't change as bank

NEW YORK, Nov. 11, 2008 (Reuters) — Goldman Sachs Group Inc will not change its strategy because it changed into a bank holding company, Goldman Chief Executive Lloyd Blankfein said at an investor conference on Tuesday. ...  > full story

Express Scripts customers threatened on data breach

NEW YORK, Nov. 11, 2008 (Reuters) — Express Scripts Inc said on Tuesday a "small number" of its clients have received letters threatening to expose customers' personal information, an apparent connection to an earlier extortion threat made against the company. ...  > full story

Las Vegas Sands prices stock offer, shares fall

NEW YORK, Nov. 11, 2008 (Reuters) — Troubled casino company Las Vegas Sands Corp said on Tuesday it priced a public offering of 181.8 million common shares at $5.50 per share, which would raise about $1 billion to shore up its finances. ...  > full story
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