Birmingham City Suspends Shares Following Arrests
Shares in Birmingham City have been suspended at the request of officials from the club.
RWE said to be in British Energy bid
Reports say that German utility company RWE has made a takeover offer of £11 billion for nuclear power company British Energy. The deal values the company at 700 pence per share and would be worth £4 billion to the government who own 35 per cent of British Energy.
DSG gives new profit warning
DSG International Plc, owner of Currys and PC World, has issued a profit warning for the second time this year.
Yahoo-Microsoft Merger Most Likely: Analysts
Microsoft is the most likely suitor to merge with Yahoo, analysts contend, as several deals now vie for the Internet giant's future. Sending a clear signal that it intends to pursue all options, the search leader has solicited alternate deals, including a possible merger with AOL, or partnership with arch-rival Google.
Wal-Mart, Sears Face FCC Fines over Transition Rules
Wal-Mart stores and Sears Holding Corp. are among the retailers in hot water with the federal regulators, after they failed to warn consumers from buying some sets may not work after next year's transition to digital broadcasts.
Treasuries Fall as Earnings Send Stocks Higher
Treasuries fell on Thursdays as stronger earnings sent investors looking for riskier stocks, weakening demand for relatively safe, but low yielding government debt.
Dollar Falls Versus Euro Ahead of G7 Meeting
The dollar declined against the euro ahead of the Group of Seven nations meeting in Washington on Friday.
Yahoo Eyeing AOL Deal to Block Microsoft Bid
Yahoo is about to close a deal for combining its operations with Time Warner Inc.'s AOL unit in effort to contend Microsoft's $44.6 billion takeover offer.
PDL Biopharma Will Spin Off Unit, Pay Dividend
PDL BioPharma Inc. said on Thursday it plans to spin off its biotechnology assets into a separate entity and pay shareholders a special $500 million or $4.25 a share dividend.
Delta Ok's Tentative Northwest Deal: Report
Delta Air Lines gave the green light on a tentative agreement for a merger with Northwest Airlines, which will ultimately create the world's largest carrier, according to news reports.
DuPont Boosts First-Quarter Earnings Outlook
While most companies are warning they will likely miss their profit forecasts, chemical giant DuPont upped its first-quarter profit expectations Thursday morning for the second time this year.
Genentech 1Q Profit Up 12Pct
The second largest biotechnology company Genentech Inc. reported an increase of 12 percent in its first-quarter profits helped by more sells of its cancer drug Avastin.
Copper Declines from Record of $4 a pound as Dollar Gains
Copper fell from its record on Wednesday of $4 a pound on profit-taking sell and as the dollar rallied against the euro reducing demand for commodities.
Crude Falls Below $110 on Profit-Taking, OPEC's Output Steady
Crude futures declined on Thursday from a record high after profit-taking moves and OPEC signs of keeping output steady.
Goldman CEO Says Credit Crisis Nearing End
Goldman Sachs Group Inc Chief Executive Lloyd Blankfein said on Thursday that the global credit crisis is in its latter stages probably approaching an end.
Natural Gas Weekly Update - Apr 10
- Since Wednesday, April 2, natural gas spot prices increased at most markets in the Lower 48 States. Prices at the Henry Hub rose 30 cents per million Btu (MMBtu), or about 3 percent, to $9.89 per ...
Japan Stocks Declined On Strong Yen and High Fuel Prices
Japan stocks showed continual decline Thursday because of strong yen and high fuel prices. Also investors began to fear upcoming Japanese and U.S. earnings reports that may be worse-than expected.
PRECIOUS METALS: Gold futures drop, other metals mostly lower
Gold futures ended lower Thursday, as the dollar gained against the euro on speculation a sinking European economy may lead to a cut in borrowing costs.
Soybean Surge as Oil Prices Hike and Dollar Weaken
Soybean advanced for a second day amid speculation that demand for biofuel made from the oilseed will increase due to high prices for crude oil and weak dollar that boosted demand for commodities.
U.S. stocks Shoot Up, lifted by Wal-Mart and Cisco
Wall Street rose for the first time in three days on Thursday as investors bought back into stocks after two days of losses, after reports showed a drop in unemployment claims and a better-than-expected sales performance by Wal-Mart Stores Inc.
Intel Invests $12 million in China's Shanghai Media Group
Intel continued to show commitment to strengthen its business in China, and support to its customers, by offering $12 million investment to Shanghai Media Group (SMG), one of China's biggest broadcasters, to help it develop its TV service.
MySpace Gives Exclusive Video Distribution Rights to ShineReveille
News Corp.'s MySpace awarded a British media company, exclusive rights to distribute video programming from the social networking site on broadcast television outside the U.S. and to sell DVDs and related merchandise.
Lehman Bails Out Funds and Assets Worth $1.8 Billion
Lehman Brothers Holdings Inc. bailed out three of its struggling investment funds and bought distressed assets from others for $1.8 billion, Wall Street bank said in a regulatory filing.
Nokia to release iPhone Competitor, 'Tube'
Nokia will introduce a new touchscreen handset, code-named Tube which will increase competition with Apple's iPhone.
Takeda Offers $8.8 billion for Biotech Millennium
The Japanese Takeda Pharmaceutical Co. agreed to buy Millennium Pharmaceuticals, Inc. a biotechnology company, for $8.8 billion on a move to remain competitive in the global market.
Airlines seek Boeing 787 compensation
Boeing Co. has been swamped with compensation demands after it announced the third major delay in six months of its new 787 Dreamliner plane.
Retail Sales Show Shoppers in Saving Mood
Leading U.S. retailers had a mixed March, with discount and wholesale retailers reporting better sales in March than higher priced department stores and specialty retailers as shoppers face a slowing U.S. economy which may already be in a mild recession.
American Airlines Scraps 900 More Flights
American Airlines scrapped another 900 flights from take off on Thursday, pushing the total to 2,400 of canceled flights this week, as it continues to fix faulty wiring in hundreds of jets.
Watch Oil listen to Bernanke and follow the Dollar
By Jon Nadler
After a brief dip to $928 gold started to build on yesterday's gains once again overnight as the dollar touched a new all time low vis a vis the euro and sank to 71.50 on the ...
LNG to feed a third of Asia s energy need : Exxon
Commodity Online
PERTH: One of world s largest oil companies, ExxonMobil on Thursday said LNG, with its relatively low carbon emissions, would s...