AP - Confidence at major Japanese manufacturers fell to its lowest level in more than four years as the plunging dollar, soaring fuel prices and fears of a U.S. slowdown weighed on the economy.
Original post by Yahoo! News: Business
Reuters - Thornburg Mortgage Inc , a
jumbo mortgage provider that has been trying to avoid
bankruptcy, on Monday said it raised $1.35 billion from a sale
of debt and warrants to buy common stock.
Original post by Yahoo! News: Business
Reuters - Dell Inc said on Monday it would
close its Austin, Texas desktop computer plant with 900
workers, as part of a plan to cut expenses by $3 billion
annually in 3 years’ time.
Original post by Yahoo! News: Business
Reuters - Lehman Brothers Holdings Inc ,
an investment bank beset by rumors of not having enough
funding, said it plans to raise $3 billion of capital to quash
questions about its stability.
Original post by Yahoo! News: Business
Reuters - The White House on Monday said it
had sent nominations to the U.S. Senate to fill two empty
Democrat seats at the U.S. Securities and Exchange Commission.
Original post by Yahoo! News: Business
Reuters - Sales incentives offered on new
vehicles in the U.S. market were up 4 percent in March from a
year earlier as automakers struggled with sagging demand,
according to a report on Monday.
Original post by Yahoo! News: Business
Reuters - A group of six banks, sued over the
buyout of Clear Channel Communications Inc , asked a New
York state court on Monday to hear their request to dismiss the
claims against them.
Original post by Yahoo! News: Business
Reuters - IBM is under
investigation by the U.S. Environmental Protection Agency and
has been temporarily suspended from seeking new business
contracts with all U.S. agencies, the company said on Monday.
Original post by Yahoo! News: Business
Reuters - U.S. stocks gained on Monday as a
report showing stronger-than-expected Midwestern business
activity eased worries about the economy and a plan for
regulatory overhaul raised hopes for calmer financial markets.
Original post by Yahoo! News: Business
AP - Gas prices at the pump surged to a new record Monday even as crude oil accelerated its slide amid a broad-based commodities sell-off.
Original post by Yahoo! News: Business
Reuters - Dell Inc said on Monday
it plans to save $3 billion annually over the next three years
by closing its Austin, Texas desktop computer manufacturing
plant and cutting thousands of jobs.
Original post by Yahoo! News: Business
Reuters - Lehman Brothers Holdings Inc ,
an investment bank beset by rumors of not having enough
funding, said it plans to raise $3 billion of capital.
Original post by Yahoo! News: Business
AP - It’s a Herculean task: revamping a financial regulatory system dating back to the Civil War to better deal with crises now imperiling the country.
Original post by Yahoo! News: Business
AP - Britain and the United States are planning a joint panel to examine new ways of tackling the global credit crunch and to improve the monitoring and regulation of world financial markets, officials said Monday.
Original post by Yahoo! News: Business
Reuters - Shares of Lehman Brothers Holdings Inc
dropped more than 5 percent to $35.26 after the bell on
Monday as the Wall Street bank announced a plan to raise as
much as $3 billion via the issuance of convertible preferred
stock to bolster its balance sheet.
Original post by Yahoo! News: Business
AP - Crude oil prices accelerated their slide Monday, tumbling more than $4 a barrel amid a broad-based commodities sell-off.
Original post by Yahoo! News: Business
Reuters - U.S. stocks gained on Monday as a
report showing stronger-than-expected Midwestern business
activity eased worries about the economy and a plan for
regulatory overhaul raised hopes for calmer financial markets.
Original post by Yahoo! News: Business
Reuters - U.S. stocks ended higher on Monday,
helped by a report that showed stronger-than-expected
Midwestern business activity and hopes that a regulatory
overhaul unveiled by U.S. Treasury Secretary Henry Paulson
might help calm financial markets.
Original post by Yahoo! News: Business
AP - Interest rates on short-term Treasury bills were mixed in Monday’s auction with three-month bills rising to the highest level in four weeks.
Original post by Yahoo! News: Business
Reuters - Five U.S. oil company executives set
to testify on Capitol Hill on Tuesday about soaring gasoline
prices and record industry profits will likely offer a common
defense: It’s not our fault.
Original post by Yahoo! News: Business
Reuters - U.S. stocks gained on Monday as a
report showing stronger-than-expected Midwestern business
activity helped the economic outlook and a plan to overhaul the
regulation of U.S. financial markets boosted bank shares.
Original post by Yahoo! News: Business
Reuters - U.S. stocks added to gains on Monday,
driving the Nasdaq up more than 1 percent, as a report showing
stronger-than-expected Midwestern business activity helped the
economic outlook.
Original post by Yahoo! News: Business
Reuters - Turkey’s top court agreed on Monday to
hear a case to shut down the ruling AK party and bar the prime
minister from office, sharply escalating a long and
destabilizing dispute over the role of Islam in secular Turkey.
Original post by Yahoo! News: Business
Reuters - Shares of Schering-Plough Corp
and Merck & Co tumbled on Monday to multi-year lows on
fears new recommendations critical of the companies’
cholesterol drugs would cripple their sales.
Original post by Yahoo! News: Business
Reuters - U.S. stocks gained on Monday as a
report showing stronger-than-expected Midwestern business
activity helped the economic outlook and a plan to overhaul the
regulation of U.S. financial markets boosted bank shares.
Original post by Yahoo! News: Business
Reuters - Treasury Secretary Henry Paulson
revealed sweeping plans on Monday for streamlining a hodgepodge
of regulations that are blamed for allowing the U.S. mortgage
crisis to balloon into a full-blown economic threat.
Original post by Yahoo! News: Business
Reuters - Some parts of the Treasury’s
sweeping plan to revamp the nation’s financial regulation could
go into effect as early as this year, an official of the
department said on Monday.
Original post by Yahoo! News: Business
AP - Stocks rose Monday after a reading on regional manufacturing came in better than expected and as investors examined details of a government plan to overhaul the way Wall Street is regulated. The Dow Jones industrial average rose nearly 100 points in the final session of the quarter.
Original post by Yahoo! News: Business
Reuters - Stocks added to gains on Monday,
driving the Nasdaq up more than 1 percent, as a report showing
stronger-than-expected Midwestern business activity helped the
economic outlook.
Original post by Yahoo! News: Business
Reuters - Key regions of the United States
remained mired in recessionary conditions this month, data on
Monday showed, as the slowdown in the world’s largest economy
wore on and inflation continued to hurt businesses.
Original post by Yahoo! News: Business