Road show planned to raise funds in Chrysler deal: WSJ
Investment banks helping Cerberus Capital Management LP finance its buyout of Chrysler, the U.S. arm of automaker DaimlerChrysler, will launch a road show in the next week to raise funds for the deal, according to a report in the Wall Street Journal, citing a source familiar with the matter.
Home Depot debt sale biggest market test since 2003
A $12 billion debt sale announced by Home Depot on Tuesday would be the biggest test of demand for U.S. corporate bonds in four years but will likely find ample buyers, analysts said.
Raytheon to protest U.S. award to rivals: WSJ
Raytheon Co. on Saturday filed a protest with the U.S. government over its award of a U.S. cargo contract to rival contractors, the Wall Street Journal reported in its online edition.
Global real estate at a turning point
Global real estate investment is still buoyant but a few cracks are starting to show as higher borrowing costs begin to bite, making 2007 a pivotal year after an extended bull run in property prices.
Central banks should keep raising rates: BIS's Knight
Central banks around the world should raise interest rates further to curb inflation pressures, the Bank for International Settlements said on Sunday.
No sure bets as Conrad Black fraud trial nears end
Wagering on the outcome of the Conrad Black fraud trial is a risky proposition, as lawyers representing the former media baron and three co-defendants present widely divergent versions of events in their final statements to the jury.
Iran still reducing dollar share in reserves
Iran sees no need to hold the U.S. currency, the country's central bank vice-governor said
Automakers eye House after fuel fight
The fight over higher automobile fuel efficiency standards shifts to the House of Representatives this week with big car companies regrouping after a stinging defeat in Senate energy legislation.
DaimlerChrysler CEO sees good years ahead
DaimlerChrysler is looking towards a rosy future after the sale of its U.S. arm Chrysler, the car maker's chief executive told a German newspaper.
Service a Casualty of U.S. Airline Recovery
As frustrated as travelers may be with crowded planes and delayed flights, these are the realities of the leaner U.S. airline industry as it claws its way back to profitability after a brutal years-long slump.
EU relieved over treaty deal, critics seek new vote
The European Union breathed a sigh of relief over the weekend after the bloc's leaders agreed on a way to reform its institutions, but critics from Britain to the Netherlands called for referendums that could derail a deal.
Unions move toward health-care reform deal
As rising health-care costs hurt workers and retirees alike, America's trade unions are seen inching toward a broad-sweeping agreement with U.S. corporations on health-care reform.
Ford hires KPMG to eye Jaguar books: report
Ford Motor Co. has hired accountancy group KPMG to examine the books at its British units Jaguar and Land Rover ahead of their expected sale later this year, the Sunday Times reported.
Modest WTO free trade deal seen better than nothing
Economists and analysts say the implosion of faltering global trade talks would carry big costs.
BP to restart 10,000 bpd Alaska oil output Monday
BP Plc expects to restart on Monday 10,000 barrels per day of Alaskan oil production at its giant Prudhoe Bay oil field, halted June 18 for a pipe leak, a BP spokesman said.
Analysis: Wall Street circles wagons on risky securities
It was Wall Street's version of hide and seek this week as some of the world's largest investment banks remained tight-lipped on the likely fall in price of some complex securities that may soon infect global debt and equity markets.
Gazprom, Eni plan big gas pipeline bypassing Turkey
Gazprom and Italian oil firm Eni unveiled a plan on Saturday for a big new pipeline to take Russian gas under the Black Sea to Europe, undermining an earlier plan to extend a Turkish route.
Fed, subprime jitters on tap
One of Wall Street's oldest maxims will be put to the test next week: markets don't hit bottom on a Friday.
U.S. expects North Korea to shut reactor in 3 weeks
The United States expects North Korea to shut down the reactor at the heart of its nuclear arms development program within about three weeks, top U.S. nuclear envoy Christopher Hill said on Saturday.
The little book that says quit
At some stage in everyone's career comes a desire to throw down tools and walk away, and plenty of motivational books say you should resist that temptation. Now, a new book says quitting can be a good strategy.
LSE seals $2.2 billion Borsa Italiana deal
The London Stock Exchange is to buy its Italian counterpart for 1.6 billion euros ($2.15 billion), the two exchanges confirmed in a statement on Saturday, the latest step in a global consolidation of exchanges.
EU leaders finally clinch reform treaty deal
The European Union will work to overhaul its 27-nation treaty to replace an EU constitution it rejected in 2005.
Russian bank receives N.Korea's $25 mln
A Russian bank has received $25 million of North Korean funds which had been frozen in a Macau bank account, removing an obstacle to a deal over North Korea's nuclear program, Russia's Foreign Ministry said on Saturday.
China drought causes water shortages for millions
Drought affecting large swathes of China has left more than 8 million people short of water, and many livestock have died of hunger, the official Xinhua news agency said.
Across Asia, corruption and slavery form bitter web
Arise, ye who refuse to be slaves! go the stirring words that open China's national anthem.
Bear Stearns bails out hedge fund
Bear Stearns Cos. Inc. (NYSE: BSC) on Friday said it would provide up to $3.2 billion in financing for a struggling hedge fund it manages, raising concern about other funds that invested in bonds linked to subprime mortgages.
Blackstone up 13 percent in NYSE debut
Blackstone Group LP (NYSE: BX) units rose 13 percent in their first day of trading on Friday, as the first major U.S. private-equity firm went public and minted billions of dollars of new wealth for its founders.
Wall Street stumbles as subprime worries reemerge
Stocks tumbled on Friday, wrapping up their worst week since a global sell-off in February amid fears that trouble at two Bear Stearns hedge funds may signal worse problems lie ahead for credit markets.
Bonds gain on subprime concerns, stocks fall
U.S. Treasury debt prices rose on Friday, halting a two-day decline, as nervous investors dumped stocks and shifted into government bonds as fears of the subprime mortgage problems reverberated through financial markets.
Visa details restructuring, results ahead of IPO
Visa, the world's largest credit card network, unveiled details of a planned restructuring on Friday as it prepares by early next year to follow smaller rival MasterCard Inc. in becoming a public company.
