Blackstone and JPMorgan will brave shrinking credit markets by attempting to raise more than $1bn to fund the conversion of up to 20,000 US cinema screens to digital projection systems, in a deal due to be announced on Wednesday
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In China, jilted young lovers are demanding compensation, and newspapers, netizens and the courts have been busy hashing out the finer points.
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BlackBerry users gain a new way to organize their lives with memory aid reQall.
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Shares of the insurer and investment manager fall on fears it will fall victim to the credit crisis.
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A Delaware court says Apollo and Hexion’s buyout deal stands, though the firms may appeal.
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Shares of the insurer and investment manager fall on fears it will fall victim to the credit crisis.
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Germany’s Merck hints it may play a part in the takeover battle for the biotech company.
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Freight rates extend their dive, making for rough going in the stock market.
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Debt rating downgraded after the parent company said it may be sold.
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The one regulatory action that will calm our markets.
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Bottler has neither good nor bad news for the quarter.
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The maker of bearings and alloys raised its third-quarter guidance, but is maintaining its fourth-quarter outlook.
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Freight rates extend their dive, making for rough going in the stock market.
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Despite more bad news on the real estate front, Americans found reasons to be vaguely cheerful.
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Ciena Capital, a commercial real estate subsidiary, seeks shelter from the Wall Street storm in Chapter 11.
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A day after the House’s surprise defeat of a $700 billion financial rescue bill, talk is growing louder about alternative government steps that could help battered credit markets and stave off broader problems in the economy.
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The federal agency that guarantees bank deposits is asking Congress for temporary authority to raise the limit on the amount of money it insures for individual bank accounts.
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Oil settled back above $100 a barrel Tuesday, a day after Congress’ failure to pass a $700 billion economic rescue plan sent prices plummeting, as investors waited for lawmakers to try again.
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For five years, Apple’s iTunes Music Store has been the Internet’s most successful music store. But as music publishers have sought a higher share of its proceeds, Apple has threatened to shutter iTunes.
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Credit markets remained in a holding pattern Tuesday, as investors waited to for Washington’s response to the House’s rejection of a massive financial bailout plan.
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The heads-down, can-do entrepreneurs, and libertarian-minded financiers who populate the tech industry aren’t typically the sorts to long for a government handout. But in the wake of the Treasury Department’s $700-billion-plus rescue plan, Peter Thiel speaks for many when he asks a simple question: “What happened to the dot-com bailout?”
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The consortium behind the world’s biggest toll road privatisation pulled out of the deal, delivering a blow to efforts to bring further private-sector money into the US’s crumbling road system
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Scared yet? The U.S. stock market suffered a massive selloff on Monday and though it regained some ground on Tuesday, prospects of a bear market and a recession loom large.
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Stocks rallied Tuesday, with the Dow jumping 485 points on bets that Congress will pass a version of the government’s $700 billion package, following Monday’s crushing defeat.
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You might be relieved to know that your deposits are insured, but what about interest on those deposits?
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