The British government still hopes to make a profit from its multi-billion-pound rescue of major British banks during the financial crisis, Prime Minister Gordon Brown said on Saturday.
Some of Cadbury's biggest shareholders, led by Legal & General, continued to reject Kraft Foods' 10.5 billion pound ($17.2 billion) bid and will look for an increased offer over the next four days.
As phone makers increasingly focus on developing their own browsers, mobile browser makers are turning to operators and new software stores to open new sales opportunities to make up for lost sales.
Europe's leading economies showed no sign on Friday of adopting U.S. President Barack Obama's proposal for a levy on banks to repay taxpayers for bailouts but vowed to press on with their own ideas to target the sector. The president of the Eurogroup of euro zone finance ministers, Jean-Claude Juncker, said Obama was right to propose the plan, which foresees Wall Street banks paying up to $117 b...
A crisis tax proposed by the Obama administration would cut substantially into bank earnings across Europe and could sidetrack the sector's recovery, analysts and industry officials said Friday.
Technology shares jumped in Asia on Friday after better-than-expected earnings from sector bellwether Intel, but stocks elsewhere in the region were largely subdued amid fresh doubts about the strength of the U.S. economic recovery.
The Australian Dollar opens higher today at 0.9310 and is consolidating upon its recent gains versus the greenback.
Billionaire investor Wilbur Ross on Thursday said he was quite possibly interested in teaming up with Richard Branson's Virgin Money to bid for state-owned British bank Northern Rock.
Cadbury fired the final salvo in its defence on Thursday, branding Kraft Foods' bid as more unattractive than a month ago, as Cadbury shares rose on hopes of a rival bid from Hershey.
Billionaire investor Wilbur Ross on Thursday said he was not considering buying American International Group's mortgage insurance unit United Guaranty.
Technological advances have led to a sharp fall in the weight of women's handbags, research from British department store chain Debenhams has revealed.
The risk that deteriorating government finances could push economies into full-fledged debt crises tops a list of threats facing the world in 2010, according to a report by the World Economic Forum.
The risk that deteriorating government finances could push economies into full-fledged debt crises tops a list of threats facing the world in 2010, according to a report by the World Economic Forum.
Rio Tinto , the world's second-biggest iron ore miner, beat its forecast for iron ore output, reflecting surging demand from Chinese steelmakers and setting the stage for tough contract price talks.
It took only a few weeks of research for Romanian entrepreneur Emi Gal to decide where to base his digital media firm, and his choice confounds a fairly enduring set of stereotypes about Britain's global appeal.
U.S. chocolate maker Hershey Co is still working on a bid for Cadbury Plc that would top Kraft's hostile $17 billion takeover offer, a source familiar with the matter said on Wednesday.
The Australian Dollar opens marginally higher today at 0.9230 after the greenback weakened against several major currencies during overnight trade.
A Briton who hacked into NASA and Pentagon computers has won the right to challenge the government's decision to refuse to block his extradition to the United States, his lawyers said on Wednesday.
U.S. chocolate maker Hershey Co is preparing a bid for Cadbury Plc that would top Kraft's hostile $17 billion takeover offer, the Financial Times reported on Wednesday.
Kraft Foods Inc CEO Irene Rosenfeld was going door-to-door in London on Wednesday, visiting Cadbury's largest shareholders at their offices to win support for a $17 billion takeover bid.
Stocks rose on Wednesday, shrugging off earlier losses, after Kraft raised its outlook and a brokerage upgraded Merck & Co. in welcome signs about future earnings.
China markets were still shaken on Wednesday, lagging behind others due to a lower economic outlook after the central bank raised the reserve requirement for banks.
