The telecom giant lays off thousands after reporting poor quarterly numbers.
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The US regulator enters the fray over consumer calling choice on mobile phones, sending letters inquiring into Apple’s decision to reject the Google applications on its iPhone
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Despite the Obama administration’s promises that any Clunker deals written this weekend would be honored, the National Automobile Dealers Association is advising its members to play it safe and not close any more deals until the program’s fate is clearer.img src=”http://feeds.feedburner.com/~r/rss/money_latest/~4/qLSR5r_KM5E” height=”1″ width=”1″/
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Regulators shut down five regional banks Friday, the Federal Deposit Insurance Corporation said, bringing the total number of banks to fail in the United States to 69 this year.img src=”http://feeds.feedburner.com/~r/rss/money_latest/~4/QKFI1oZjMaQ” height=”1″ width=”1″/
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Bank of America announced the departure of three more directors, adding to the exodus of allies of Ken Lewis, chief executive, in the past three months and paving the way for new members to join the board
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Catapulted from an uncharismatic housewife to an international symbol of ‘People Power’ as Filipinos rid themselves of the dictator Ferdinand Marcos in 1986
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Liberal and conservative Democrats pulled off a last-minute compromise on healthcare that will enable them to go into the summer congressional recess with the reform process still on track.
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Eni of Italy has become the first big oil company to cut its dividend in the downturn, announcing a 23% cut in its interim pay-out to €0.50
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Read full story for latest details.img src=”http://feeds.feedburner.com/~r/rss/money_latest/~4/uS5VcsifBPA” height=”1″ width=”1″/
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Former President Corazon Aquino, whose revolution swept dictator Ferdinand Marcos from power in the Philippines, died on August 1 after a 16-month battle against colon cancer. She was 76
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The family that controls Schaeffler, the German engineering group, has offered to finance a €10m pay-off to remove Karl-Thomas Neumann
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The world’s biggest buy-out group is preparing up to six companies for initial public offerings worth billions of dollars, as it sells some of its most valuable groups back to the stock market
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Jon Hunt, the Foxtons estate agency founder who picked the top of the housing boom in 2007, sees buying opportunities in some areas again
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Regulators shut down four regional banks Friday, the Federal Deposit Insurance Corporation said, bringing the total number of banks to fail in the United States to 68 this year.img src=”http://feeds.feedburner.com/~r/rss/money_latest/~4/QKFI1oZjMaQ” height=”1″ width=”1″/
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Markets took a pause Friday as GDP fell less than expected and Chevron profits plunged.
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A lot was supposed to happen on health reform before Congress went on summer vacation. Turns out, a lot didn’t. End result: The heavy lifting on health reform legislation has been pushed to the fall.img src=”http://feeds.feedburner.com/~r/rss/money_latest/~4/r7-qWWf9teQ” height=”1″ width=”1″/
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In accounting, where up is down, failing companies like GM could gain when their bonds plummet.
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Honda Motor Co. said Friday it widened a previously announced recall to add 440,000 cars that could have a lethal airbag defect.img src=”http://feeds.feedburner.com/~r/rss/money_latest/~4/SAZ28mdp6ws” height=”1″ width=”1″/
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They may be picking up but that doesn’t mean it will be any easier to get financing.
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US equities settled mixed on Friday, but closed out July with solid gains as data on the economy suggested the vehemence of the recession was abating and expansion beckoned in the third quarter
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A lot was supposed to happen on health reform before Congress went on summer vacation. Turns out, a lot didn’t. End result: The heavy lifting on health reform legislation has been pushed to the fall.img src=”http://feeds.feedburner.com/~r/rss/money_latest/~4/r7-qWWf9teQ” height=”1″ width=”1″/
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The US and Switzerland reached an agreement on the closely watched dispute over whether UBS should be forced to reveal the identities of thousands of its American clients
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Read full story for latest details.img src=”http://feeds.feedburner.com/~r/rss/money_latest/~4/zn7R-ue5HMk” height=”1″ width=”1″/
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Financials show signs of life, but high-yield bonds and Treasurys may need more time to recover.
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