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For Sale: AIG's Subprime Bonds
Five Wall Street banks have been invited by the New York Fed to bid for a multibillion-dollar bundle of risky mortgage bonds it owns as a result of its 2008 rescue of AIG.
Mon, 06 Feb 2012 21:09:57 EST |
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Rate Probe Keys On Traders
Investigators in a world-wide probe of how crucial interest rates are set are focusing on a small number of traders suspected of trying to influence other bank employees to manipulate the rates.
Mon, 06 Feb 2012 21:10:28 EST |
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Greece to Cut Public-Sector Jobs
Greece has agreed to lay off 15,000 public-sector workers by the end of 2012, as international pressure mounts on Athens to agree on austerity measures needed to secure major new debt agreements.
Mon, 06 Feb 2012 21:51:42 EST |
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Pennsylvania Plan Sees Slimmer Harrisburg
A state-appointed financial custodian released a recovery plan for Harrisburg on Monday, moving Pennsylvania's capital closer to resolving its financial crisis.
Mon, 06 Feb 2012 22:24:48 EST |
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Challenges for MF Trustee
A bankruptcy trustee investigating MF Global said he faces huge challenges getting back an estimated $1.2 billion in customer funds drained from the securities firm before it collapsed.
Mon, 06 Feb 2012 19:59:38 EST |
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Xstrata-Glencore Deal Not a Given
With Glencore and Xstrata set to unveil their long-awaited tie-up, a big question is whether Xstrata shareholders will support the deal—not a given in light of U.K. investors' recent history of flexing their muscles.
Mon, 06 Feb 2012 20:38:25 EST |
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Asian Shares Up Slightly
Most Asian stock markets eked out modest gains, with many investors cautious amid prolonged uncertainty over Greece's debt situation. The Nikkei fell 0.2%.
Mon, 06 Feb 2012 21:27:51 EST |
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Wal-Mart Names China Chief
Wal-Mart Stores tapped Greg Foran as president and CEO of Wal-Mart China as the retailer looks to regain its footing after several missteps in one of its most important growth markets.
Mon, 06 Feb 2012 21:58:14 EST |
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Brazil Privatizes Airports
Brazil raised $14 billion in a privatization of three major airports, a bid to speed modernization of overcrowded hubs before the country hosts soccer's 2014 World Cup and the 2016 Olympic Games.
Mon, 06 Feb 2012 22:25:41 EST |
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Hasbro's Net Edges Lower
Hasbro's earnings slipped as the toy maker booked double-digit sales declines in the girls and games categories.
Mon, 06 Feb 2012 18:36:27 EST |
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Calstrs to Place $500 Million Bet
The California State Teachers' Retirement System is making a $500 million bet with Australia's Industry Funds Management Fund that it can make money from utilities, roads, ports and pipelines around the globe.
Mon, 06 Feb 2012 20:45:00 EST |
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China Accepts First HK Shares-Linked ETF
China's securities regulator has accepted an application to launch the country's first exchange-traded fund linked to Hong Kong-listed shares, offering Chinese investors fresh access to securities overseas.
Mon, 06 Feb 2012 22:12:47 EST |
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Caesars Shows Some Tarnish as It Returns to Markets
Caesars aims to sell around 1.4% of itself in an offering that values the casino giant at around $23.7 billion—compared with around $28 billion when it was taken private four years ago.
Mon, 06 Feb 2012 21:10:37 EST |
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U.K. Retail Sales Drop
Retail sales in U.K. stores that have been open for at least a year fell in January, and at the second-fastest rate for the first month of the year since records began in 1995, according to the British Retail Consortium's monthly survey.
Mon, 06 Feb 2012 19:02:27 EST |
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China Carriers Won't Pay Fees For Emissions
China said it prohibited its airlines from paying for carbon emissions under the European Union's system to limit greenhouse emissions, in an escalation of Beijing's opposition to the plan.
Mon, 06 Feb 2012 19:45:33 EST |
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