| Dec 05, 2008 |
Lloyds says Bank of Scotland and Halifax brands key
LONDON (Reuters) - Lloyds TSB plans to employ a multi-brand strategy, centred on Halifax, Bank of Scotland and Lloyds TSB, once its takeover of HBOS completes next month, it said on Friday.
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| Dec 05, 2008 |
China says was to probe BHP-Rio bid on day it failed
BEIJING (Reuters) - China's new anti-monopoly authorities were due to begin their review of BHP Billiton's bid for Rio Tinto on the very day BHP scrapped its bid, a top anti-monopoly official said on Friday.
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| Dec 05, 2008 |
Regulator proposes BT wholesale price rises
LONDON (Reuters) - Ofcom, the communications regulator, has proposed increasing the wholesale prices that BT Group charges other telecoms providers to cover the impact of inflation and rising costs over the last three years.
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| Dec 05, 2008 |
Berkeley profit drops but cushioned by cash pile
LONDON (Reuters) - Housebuilder Berkeley Group Holdings reported a 12 percent drop in first-half pretax profit but said it was well positioned to cope with "unprecedented" property market uncertainty thanks to its strong cash position.
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| Dec 05, 2008 |
Oil steadies around $44 ahead of U.S. jobs data
LONDON (Reuters) - Oil steadied around $44 on Friday, not far off its lowest level in almost four years, as financial markets awaited U.S. jobs data for clues to the state of demand in the world's biggest oil consumer.
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| Dec 05, 2008 |
U.S. senators grill auto CEOs
WASHINGTON (Reuters) - The chief executives of General Motors and Chrysler said they would consider restarting merger talks if needed to win their slice of up to $34 billion (23.2 billion pounds) in emergency U.S. government aid.
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| Dec 05, 2008 |
Resolution says IPO raised £600 million
LONDON (Reuters) - Resolution, the investment vehicle founded by entrepreneur Clive Cowdery, said it raised £600 million in its initial public offering, making it one of the biggest on the London bourse this year
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| Dec 05, 2008 |
Commodities push FTSE lower ahead of U.S. jobs data
LONDON (Reuters) - Leading shares slipped 1.1 percent early on Friday ahead of a key U.S. jobs report, with commodity stocks hit by concerns of weakening demand.
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| Dec 05, 2008 |
Brown urges banks to pass on rate cut
LONDON (Reuters) - Prime Minister Gordon Brown urged banks on Friday to pass on the Bank of England's latest interest rate cut to help homeowners hit by the worst economic turmoil in decades.
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| Dec 05, 2008 |
Bank looks at injecting cash
LONDON (Reuters) - The Bank of England is working on radical plans to inject cash directly into the economy as a last resort to reverse a slide into recession, a newspaper reported on Friday.
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| Dec 05, 2008 |
Asian shares gain after central banks slash rates
HONG KONG (Reuters) - Asian shares rose on Friday following record rate cuts by central banks in Europe, though risk aversion remained, lifting the dollar ahead of what is expected to be dismal U.S. employment data.
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| Dec 04, 2008 |
U.S. senators grill car chiefs
WASHINGTON (Reuters) - The CEOs of General Motors and Chrysler said they would consider restarting talks about a merger during a nearly six-hour congressional grilling on the industry's pleas for $34 billion (23 billion pounds) in government aid.
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| Dec 04, 2008 |
U.S. jobless rolls at 26-year peak
WASHINGTON (Reuters) - The number of U.S. workers collecting jobless benefits hit a 26-year high last month, data showed on Thursday, and it may head higher as a deepening economic slump forces a broad spectrum of firms to cut jobs.
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| Dec 04, 2008 |
U.S. stocks slide on economic worry
NEW YORK (Reuters) - U.S. stocks dropped sharply and crude prices fell below $44 a barrel on Thursday after dismal economic news on both sides of the Atlantic renewed worries about the severity of a global slowdown.
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| Dec 04, 2008 |
FTSE slips as rate cut fails to inspire
LONDON (Reuters) - The FTSE 100 ended a volatile session slightly lower on Thursday as investors digested a 100-basis point cut in interest rates and losses in miners eclipsed stronger oils.
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| Dec 04, 2008 |
Oil falls $3 to lowest in nearly 4 years
NEW YORK (Reuters) - Oil fell more than 6 percent on Thursday to its lowest level in nearly four years in response to further bleak economic data that could spell a deeper decline in global energy demand.
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| Dec 04, 2008 |
Starbucks to cut more costs
NEW YORK (Reuters) - Starbucks , whose sales are slowing as U.S. consumers buy fewer premium coffee drinks, said on Thursday it does not expect to meet Wall Street estimates for the current quarter and would double its cost cuts for the full year.
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| Dec 04, 2008 |
Bank cuts rates to 2 percent
LONDON (Reuters) - The Bank of England slashed interest rates to their lowest level since 1951 on Thursday but indicated more needed to be done to prevent a credit squeeze tipping the economy into a prolonged recession.
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| Dec 04, 2008 |
ECB makes record rate cut
BRUSSELS (Reuters) - The European Central Bank made its biggest ever cut to interest rates on Thursday, lowering benchmark credit costs by 75 basis points as it forecast a gloomy year ahead for the recession-bound euro zone economy.
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| Dec 04, 2008 |
Theo Paphitis pulls out of Woolworths talks
LONDON (Reuters) - Entrepreneur Theo Paphitis said on Thursday he had pulled out of the running to buy Woolworths' sweets-to-DVDs retail business, but talks between the administrators, Deloitte, and other suitors are continuing.
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