Morgan Stanley hires ex-Merrill COO Fleming
Morgan Stanley said on Sunday it hired former Merrill Lynch President and Chief Operating Officer Gregory Fleming to run its investment management group, the latest in a string of executive level changes.
Gold off 4-week lows as dollar dip supports
Gold prices rose and moved away from four-week lows on Monday as the dollar reversed course and dipped against a basket of major currencies, paring gains made after upbeat U.S. economic data late last week.
Accenture ends relationship with Tiger Woods
Technology outsourcing and consulting firm Accenture Plc on Sunday said it was ending its six-year sponsorship arrangement with golfer Tiger Woods, who is embroiled in a scandal involving extra-marital affairs with numerous women.
MUFG sets share price 428 yen, to raise $11.6 billion
Mitsubishi UFJ Financial Group, Japan's largest bank, priced a share sale at 428 yen on Monday to raise up to 1.03 trillion yen ($11.6 billion) to help meet stricter global capital requirements.
Cadbury admits to rival interest as rejects Kraft
Britain's Cadbury Plc said it has received interest from other bidders after raising its growth targets and reporting upbeat trading as it dismissed a 10 billion pound ($16.5 billion) bid from Kraft Foods .
Cadbury upbeat in defense against Kraft bid
Britain's Cadbury Plc raised its long-term growth targets and reported upbeat trading as it dismissed a 10 billion pound ($16.5 billion) bid from Kraft Foods , kicking off a seven-week fight for its independence.
Stock futures signal gains after Dubai bailout
Stock index futures pointed to a higher opening on Wall Street on Monday, with futures for the S&P 500 up 0.59 percent, Dow Jones futures up 0.39 percent and Nasdaq 100 futures up 0.49 percent.
NBC launching Chuck game
LOS ANGELES - NBC is launching a Chuck game that gives points to fans who talk about the show using social media.
Google to produce, sell own Nexus One phones: report
Google Inc plans to sell its own cellphone direct to consumers as soon as next year, bypassing wireless operators in a rare strategic move, the Wall Street Journal cited sources as saying on Saturday.
Asian stocks rebound on Dubai bailout, yen falls
Asian stocks rebounded on Monday after Dubai said it had received $10 billion from Abu Dhabi to repay debt, which pushed down the yen and boosted the euro and emerging Asian currencies as risk appetite improved.
Naked access now 38 percent of U.S. trading: report
A report says that 38 percent of all U.S. stock trading is now done by firms that have naked sponsored access to markets, the controversial trading practice said to imperil the marketplace, and which faces a regulatory crackdown.
Abu Dhabi gives Dubai $10 billion in surprise bailout
Abu Dhabi bailed out neighboring Dubai on Monday with $10 billion in surprise aid for debt-laden Dubai World, driving stock markets higher, but Dubai said creditors still needed to approve a standstill on outstanding debt.
Abu Dhabi lends $10 billion to Dubai
Abu Dhabi stepped in to help fellow United Arab Emirates member Dubai on Monday with a $10 billion injection, of which $4.1 billion was allocated to troubled state-owned conglomerate Dubai World to pay immediate obligations, Dubai said on Monday.
Thais extend North Korean arms cargo crew's detention
A Thai court on Monday extended the detention of the crew of a seized cargo aircraft loaded with 35 tonnes of arms from North Korea as its unscheduled arrival in Bangkok stirred questions over illicit-weapons trade.
Italian protester breaks Berlusconi's nose
Italian Prime Minister Silvio Berlusconi was rushed to hospital covered in blood with a broken nose and teeth after a man with mental problems hurled a statuette at him at a rally, officials said on Sunday.
Apple fires back at Nokia in patents battle
Apple Inc accused Nokia of anti-competitive practices and patent infringement on Friday, escalating a legal battle as they fight for market share in smartphones.
Asian stocks ease, firm dollar weighs on oil
Asian stocks eased on Monday as the dollar hovered near six-week highs on views the Federal Reserve might raise rates sooner than expected, putting pressure on oil and commodity prices.
Abu Dhabi gives $10 billion to Dubai, repays Nakheel bond
Dubai said on Monday it had received $10 billion from fellow UAE member Abu Dhabi to help it repay $4.1 billion Islamic bond maturing on Monday.
Citi near deal to pay back bailout money: reports
Citigroup is nearing a deal with the U.S. government that would allow it to pay back its bailout money, several reports said on Sunday.
China not likely to raise rates in Q1: economist
China is unlikely to raise interest rates in the first quarter of 2010, a senior government economist said in remarks published on Monday.
Real estate firm Fairfield files for bankruptcy
Privately-held real estate company Fairfield Residential LLC filed for bankruptcy protection on Sunday, saying that the collapse of the U.S. real estate and capital markets has made it difficult to continue without restructuring.
Quiet start masks Hong Kong shift to yuan offshore market
If a currency represents a country's standing on the global stage, then China has been poorly represented until now.
Fast forward to 2010
To all extents and purposes, 2009 is over for investors and the coming week will be dominated by the issues of 2010.
Daily Wrap Up - Dec 13
Fed at Its Limits; Closing the Climate Deal Gap; D-Day for Dubai
Japan business mood up more than forecast
Japanese business confidence edged up more than expected in the three months to December but remained negative for the sixth quarter in a row, a Bank of Japan survey showed, as the economy slowly recovers from its worst postwar recession.
Houston eyes Asia trade as Panama Canal expands
Warehouses holding everything from beer kegs to frozen chickens crowd the roadside along Highway 146 south of Houston, and a ferocious building boom is adding acres more, thanks to an even bigger project 1,800 miles away in Panama.
Kelly in lead for BofA top job, pay an obstacle: report
Bank of New York Mellon Corp Chief Executive Robert Kelly is the front-runner to succeed retiring Bank of America Corp CEO Kenneth Lewis, but compensation issues could get in the way of a deal, the Wall Street Journal said on Sunday, citing people familiar with the situation.
Citi near deal to pay back part of bailout: report
Citigroup is nearing a deal with the U.S. government that would allow it to pay back some of its bailout money, The Wall Street Journal reported on Sunday, citing people familiar with the matter.
MySQL founder in Web campaign against Oracle-Sun
Michael Widenius, creator of MySQL database, which could become the stumbling block for Oracle in its Sun takeover, has launched an Internet campaign trying to line up MySQL users to stop the deal.
Daily Forecast - 14/10/2009
The Aussie dollar was unable to hold onto momentum gained by Thursday's stellar employment report peaking near 92 cents during Friday's European session.