After Buying Spree, China Owns Stakes in Top U.S. Firms The New York Times | SHANGHAI - Flush with cash despite the global economic downturn, China's sovereign wealth fund quietly snapped up more than $9 billion worth of shares last year in some of the biggest American corporations, including Morgan Stanley, Bank of America and Citigroup. | Although most of the stakes were...
European Stocks Follow Wall Street Higher Wall Street Journal By MICHELE MAATOUK | European stocks opened higher Monday, taking their cue from a late rally on Wall Street Friday. | The U.K. FTSE 100 index rose 0.9% to 5106.10, Germany's DAX advanced 1.1% to 5491.91 and France's CAC-40 gained 1.2% to 3605.87. | Mining companies were leading gainers in London, w...
US magazine circulation falls 9 pct at newsstands The Examiner Comments NEW YORK (Map, News) - Purchases of U.S. magazines at newsstands and other retail outlets fell 9 percent in the second half of 2009, a slight improvement from the 12 percent year-over-year decline in the first half of the year. | Those figur...
Debate on nationalising the mines in South Africa Metals Place | A storm erupted in policy circles in South Africa after Julius Malema the leader of the African National Congress Youth League (ANCYL) boldly proclaimed the need for the mining industry in South Africa to be nationalized. The demand was predicated ...
Praxair inks nitrogen-supply contract with Exxon The Boston Globe | NEW YORK-Industrial gas supplier Praxair Inc. said Monday it signed a contract with Exxon Mobil Corp. for an enhanced oil recovery project. | No financial terms were provided for the deal that requires Praxair to build, own and operate an air separ...
The Buzz: Gold and oil down. But not out? CNN February 8, 2010: 11:51 AM ET | NEW YORK (CNNMoney.com) -- It hasn't been a good year for the black and gold. | Oh sure, fans of the New Orleans Saints are partying today following their team's first Super Bowl victory. But investors in commodities w...
JP Morgan to face Lehman crash probe The Times | A COURT-APPOINTED investigator is this week expected to shine fresh light on the role of JP Morgan and other financial institutions in the events running up to the collapse of Le...
QE2 sets sail in Dubai sell-off The Times | CIRQUE DU SOLEIL, the Canadian circus group, and the QE2 cruise liner are among a raft of Dubai-owned assets being prepared for sale as part of a huge cash-raising exercise by th...
Miners Lead European Stocks Higher Wall Street Journal By MICHELE MAATOUK | European stocks posted strong gains Monday, led higher by basic-resources shares amid rising metals prices and well-received earnings reports. | The pan-European Dow Jones Stoxx 600 Index was up 0.9% at 239.71, while London's FTS...
THE INFLUENCE GAME: Toyota's powerful DC friends Philadelphia Daily News | SHARON THEIMER | The Associated Press | WASHINGTON - Toyota has friends in high places in Washington, including some of the very people now investigating the Japanese automaker. | The company has sought to sow good will and win allies with lobbying...
European Stocks Follow Wall Street Higher Wall Street Journal By MICHELE MAATOUK | European stocks opened higher Monday, taking their cue from a late rally on Wall Street Friday. | The U.K. FTSE 100 index rose 0.9% to 5106.10, Germany's DAX advanced 1.1% to 5491.91 and France's CAC-40 gained 1.2% to 3605.87. | ...
Stocks fall as European debt concerns remain Syracuse | (AP) - NEW YORK - Stocks fell moderately in early trading as investors remain wary about the strength of the economic recovery and mounting debt concerns in Europe. | Major indexes have been on a roller coaster lately as investors try to determine whether a nascent global economic recovery is sustainable. | Traders are still grappling with concer...
