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US-ZAIN-KINGDOM

The board of Zain approved on Sunday an offer worth a total $5 billion including debt by Kingdom <4280.SE> and Bahrain Telecom for the Kuwaiti telco's Saudi assets, sources said.

BOJ Shirakawa pledges huge fund injection Monday

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Bank of Japan Governor Masaaki Shirakawa said the central bank will provide huge amounts of liquidity to the banking system on Monday, reinforcing the bank's determination to keep markets stable in the wake of the devastating earthquake that struck northeastern Japan.
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Japan, Libya to dominate at G8 formin meeting

The earthquake disaster in Japan looks set to dominate a Group of Eight foreign ministers meeting this week in Paris as members discuss ways to coordinate help for the only Asian country in the group.
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Insurance industry likely spared Japan nuclear threat

The unexpected nature of this week's earthquake in Japan, plus the damage from the subsequent tsunami and fires, makes estimating insured losses from the disaster especially difficult, senior executives at two top catastrophe risk modeling firms said on Saturday.
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Nature of Japan quake complicates insurance

The unexpected nature of this week's earthquake in Japan, plus the damage from the subsequent tsunami and fires, makes estimating insured losses from the disaster especially difficult, senior executives at two top catastrophe risk modeling firms said on Saturday.
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D.Boerse/NYSE workers to pick new name: report

Deutsche Boerse will avoid forced layoffs in its planned merger with NYSE Euronext , and employees will choose the merged exchange operator's name, Deutsche Boerse chief executive Reto Francioni has said.
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Odd nature of Japan quake complicates insurance

The unprecedented nature of Friday's earthquake in Japan, plus the damage from the subsequent tsunami and fires, makes estimating insured losses especially challenging, senior executives at two top catastrophe modeling firms said on Saturday.
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Lehman probe stalls; execs may escape charges: report

A government probe into the fall of Lehman Brothers Holdings Inc has hit so many snags that enforcement officials fear they may never be able to bring civil or criminal charges against company executives, the Wall Street Journal reported on Saturday.
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Euro zone leaders agree to strengthen bailout fund

European leaders agreed on Saturday to strengthen the euro zone bailout fund, make its loans cheaper and lower the interest rate on loans extended to Greece, a move to get on top of the year-long debt crisis.
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Fannie ex-CEO may face claims in SEC probe: report

Daniel Mudd, the former CEO of government-sponsored mortgage firm Fannie Mae, has received notice from U.S. regulators that he may face claims for allegedly misleading investors about the mortgage company's exposure to subprime loans, Bloomberg said.
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Euro zone leaders strike deal on debt crisis - sources

Euro zone leaders reached a deal in principle on Saturday on making the 440 billion euro ($611 billion) bailout fund more flexible, and also agreed other elements of a comprehensive package to resolve the debt crisis, two EU sources said.
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Euro zone agrees on competitiveness pact

Euro zone leaders agreed in principle on Friday to write limits on public debt and budget deficits into national law, meeting a German condition for a stronger euro zone financial safety net.
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AIG bid to buy back mortgage bonds may buoy market

American International Group's bid to take back $15.7 billion in risky mortgage bonds may inject fresh confidence in a market where investors had started to question a nearly two-year rally.
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Covered bond advocates gather to push case for market

by Rachelle HornNEW YORK, March 11 - Covered bond advocates descended on Capitol Hill on Friday to testify before the House Financial Services Committee as the cause for establishing a market in the United States looks to be gaining traction.
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Hulu plans to shrink its board: report

Internet video firm Hulu is planning to reduce the size of its board in an attempt to streamline decision-making within the venture, the Wall Street Journal said, citing people familiar with the plan.
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Bond King's big debt bet is on the mark, rivals say

With his 67th birthday just weeks away, the investor widely known as the Bond King has taken one of the biggest bets of his life -- but at least Bill Gross has got some company.
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Job openings fell in January

Job openings slipped in January, as did the job openings rate, government data showed on Friday.
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Banks to get stress test details next week: sources

Europe's banks will be given details of this year's health check of the industry next week, potentially including the capital level needed to pass, people familiar with the matter said on Friday.
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Banking groups join debit fee legal battle

National banking groups representing firms of all sizes are getting behind a lawsuit challenging the constitutionality of a crackdown on debit card processing fees.
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Senator close to rebranding Build America Bonds

Senator Ron Wyden told a White House meeting he is ready to propose a new version of the Build America Bonds program that was part of the federal stimulus plan and that expired in December.
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LinkedIn launches social news product

LinkedIn, the Internet social network for professionals, launched a service on Thursday that creates a customized online newspaper from articles being shared by the network's more than 90 million members.
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Dudley signals Fed won't tighten any time soon

A top Federal Reserve official signaled on Friday the central bank won't tighten monetary policy any time soon, even as the jobs recovery looked set to quicken.
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Shoppers shake off high gasoline costs in February

Retail sales posted their largest gain in four months in February as shoppers stepped up purchases of autos, clothes and other goods even as they spent more for gasoline.
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Instant View: U.S. retail sales rise 1.0 pct in Feb

Sales at U.S. retailers increased broadly in February as rising energy prices boosted receipts at gasoline stations, but consumers also spent on a range of products in a sign of resilience in the face of rising gasoline prices.
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Fed says received AIG's buyback offer

The Federal Reserve Bank of New York said on Friday it had received American International Group Inc's offer to buy back residential mortgage-backed securities taken over at height of the financial crisis.
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LimeWire wins limit on damages to record labels

A federal judge limited the potential financial liability facing the operator of LimeWire, a once-popular file-sharing service found liable for copyright infringement, at an upcoming damages trial.

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