IPO News
FFCB to sell $1.25 bln 2.25-yr designated bond Friday
NEW YORK, March 13 (Reuters) - The Federal Farm Credit Banks Funding Corp said on Thursday it will sell $1.25 billion of new 2.25-year designated bonds on Friday.
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New rich may help world economy resist recession
LONDON (Reuters) - Wealthier populations in emerging markets have long been seen as an engine of growth and, aided by more mature banking systems and greater access to credit, they may help shield the world economy from recession.

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Business gives warm response to Budget
LONDON (Reuters) - Business leaders breathed a sigh of relief after Chancellor Alistair Darling's first Budget revealed a toning-down of recent proposals thought to be harmful to Britain's status as a major financial centre.

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Japan Inc's record earnings streak in jeopardy
TOKYO (Reuters) - A five-year run of record profits might come to an end for Japanese companies in the next business year, snuffed out by a slowing U.S. economy, soaring raw materials costs and a stronger yen.

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COLUMN-U.S. economy and banking locked in vicious cycle
LONDON (Reuters) - Should we be more worried about the new crisis coming to a head in the financial system or that the United States is self-evidently in recession? Sadly, we don't have to choose.

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World central banks unite to ease credit strain
WASHINGTON (Reuters) - The U.S. Federal Reserve and four other central banks on Tuesday teamed up to get hundreds of billions of dollars in fresh funds to cash-starved credit markets, allowing financial firms to use securities backed by home mortgages as collateral for central bank loans.

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Wall Street relishes Spitzer's fall from grace
NEW YORK (Reuters) - For years, he was the scourge of the Masters of the Universe and the Sheriff of Wall Street.

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Barings says big cap stocks still a better bet
LONDON (Reuters) - Investors are best off looking at big-cap stocks rather than beaten-down small ones, especially given that there are no signs of any let up in the tight credit conditions yet, said a top Baring Asset Management executive.

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UK Plc picks dividends over buybacks in tough times
LONDON (Reuters) - Faced with tighter credit conditions and slowing economies, UK companies will be forced to rein in bumper share buybacks in favour of dividend payouts.

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EMC Chief Gets $4.7 Million in 2007 (AP)
EMC Corp. Chief Executive Joe Tucci received total compensation valued at $4.73 million in 2007, a year when the data storage vendor's long-stagnant stock jumped 40 percent on EMC's spinoff of a minority ownership stake in software maker VMware Inc.
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MF Global Solicitations Being Made by Lawyers without a Client or a Case, Weiss & Lurie Charges...
NEW YORK----MF Global, Ltd., investors were cautioned today by the law firm of Weiss & Lurie that it and Stull Stull & Brody are the only law firms who have filed a class action lawsuit on behalf of purchasers of MF stock in its Initial Public Offering on July 19, 2007 and on the open market through February 28, 2008 .
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  • EU criticises Russia over entry visa red tape

    MOSCOW, April 8 (Reuters) - Russian immigration red tape is so cumbersome many Europeans are leaving rather than trying to comply, European Union embassies have told the government in the latest ro...

  • Peru police, indigenous group clash at Pluspetrol

    LIMA, March 22 (Reuters) - One police officer was killed and five others wounded in a clash with indigenous workers who took over a plant of the Argentine energy company Pluspetrol in Peru's Amazon...