 Lehman Brothers auditors were negilgent says reportAuditors, former executives, Barclays Bank, and Wall Street banks have copped a serve from a court-appointer examiner who probed the Lehman Brothers... | |
 U.S. stocks recover in late tradingA surge in bank shares returned the major indices to the black Thursday, after rough sailing earlier in the... |
 Obama launches bid to lift exportsThe American president told the U.S. Export-Import Bank in Washington he was launching a new strategy to improve... |
 Janet Yellen tipped to become vice chairperson of Federal ReserveSan Francisco Federal Reserve Bank President Janet Yellen is expected to be nominated to become Ben Bernanke's... |
 Banks in Australia profiteering says regulatorAustralia's biggest banks are gouging its customers, the Reserve Bank of Australia... |
 Sri Lanka doing massive deals with ChinaSri Lanka will soon build a second international airport on the south of the island, with much of the money coming from... |
 Kansas City school district shrunken to reduce deficitIn the US, the school board in Kansas City has decided to close 26 of the city's 59 public schools to keep the district afloat... |
| Forbes says Gates no longer the world's richest Mexican tycoon Carlos Slim is the world's richest person, knocking Microsoft founder Bill Gates into second spot, as the wealth of the world's billionaires grew by 50 per cent over the last... |
| Police News: 2 Arrested After Woman Robbed In Bellmead Wal-mart A 76-year-old woman was hospitalized after being assaulted in a Wal-Mart restroom Thursday morning, and two men later were arrested and charged with aggravated robbery, according to a Bellmead police... |
| Letter War Waged Over Bid For Medafor The latest volley in the takeover battle for Brooklyn Park-based medical start-up Medafor Inc. is a blunt letter from the jilted suitor, CryoLife Inc. The letter, to shareholders of Medafor and... |
| Gmac Chief To Get No Cash Salary This Year GMAC chief to get no cash salary this year The CEO of bailed-out auto finance giant GMAC Inc. will receive no cash salary for 2010 and will be compensated in restricted stock, under a deal approved... |
| Report Parcels Out Blame For Lehman's Collapse NEW YORK - It is the Wall Street equivalent of a coroner's report -- a 2,200-page document that lays out, in new and startling detail, how Lehman Brothers used accounting sleight of hand to conceal... |
| Lenovo Says Business Will Focus On Mobile Internet FILE - In this file photo taken Thursday May 25, 2006, a Chinese model uses a mobile phone to control a robot made by Chinese computer maker Lenovo at a high-tech exhibition in Beijing, China. Lenovo... |
| Now Is A Good Time To Buy Stocks LOS ANGELES (MarketWatch) -- Historically, on average there have been two particularly auspicious times to buy stock each year. Right now is one of those times. We are very bullish on shares,... |
| New Head Of Financial Regulation In Ireland Outlines Plans For More Effective Supervision See Search Box lower down this column for searches of Finfacts news pages. Where there may be the odd special character missing from an older page, it's a problem that developed when... |
| Citigroup Eyes Asia Expansion, Indonesia Brokerage aims to win a larger share of Asia's equity capital markets and to expand in Indonesia by getting a stockbroking licence, its Asia Pacific head said on... |
| Thai Protesters Mass In Largest Challenge To Abhisit March 12 (Bloomberg) -- Thai protesters began massing in Bangkok in their biggest challenge to Prime Minister Abhisit Vejjajiva’s 15-month-old government, risking clashes that may hamper the... |
| Boj May Cushion Balance-sheet Contraction Next Week March 12 (Bloomberg) -- Japan’s central bank may seek next week to counter a contraction of its balance sheet caused by the month-end expiration of an emergency-credit program as deflation... |
| Slain Islamist Militant Leader Dulmatin Buried In Indonesia AFP )--Slain Islamist militant leader Dulmatin was buried in his Indonesian home village Friday, as a large crowd of mourners chanted "God is great" and hundreds of police stood guard. The crowd of... |
| Australia Confident Lockheed's F-35 Right Choice For Defense Force-minister LMT ) F-35 Joint Strike Fighter aircraft is still the "right choice" for the Australian defense force's next-generation air combat capability, despite being plagued by delivery delays and a... |
| Thai Finance Minister: Funds Seized From Former Prime Minister To Go Into National Coffers TOKYO -(Dow Jones)- Thailand's Finance Minister Korn Chatikavanij said Friday that $1.4 billion of assets seized from former Prime Minister Thaksin Shinawatra would go into the state coffers,... |
| Update: Surgeons Warn Of Problems With Zimmer Knee Product (Adds comments from Zimmer in fourth paragraph, details on knee sales in 10th paragraph.) Three surgeons on Thursday recommended against implanting a certain Zimmer Holdings Inc.... |
| Toyota Discounts Boost Sales DETROIT/WASHINGTON (Reuters) - Unprecedented discounts after a series of damaging recalls boosted Toyota Motor Corp's U.S. sales in early March, as U.S. regulators weighed new auto safety... |
| Boutique Boom Fading As Wall St Banks Expand The window of opportunity is closing for boutique bond trading firms to make a killing from market turmoil as big Wall Street banks regain their footing and rehire... |
| Video: Banning Certain Earmarks Following a series of recent scandals for the Democratic Party, Nancy Cordes reports Congressional leaders are aiming for ethical reform by banning earmarks for private... |
| Report: Obama To Tap Yellen To Be Fed Vice Chair President Barack Obama speaks at the Export-Import Bank's Annual Conference in Washington, Thursday, March 11, 2010. (AP Photo/Charles Dharapak) (AP) President Barack Obama is planning to nominate... |
| Gm's Lutz Says Hybrids, Electrics Are Future WARREN, Mich. — General Motors Co. will keep making big trucks and SUVs because U.S. buyers demand them, but a major portion of them will be gas-electric hybrids in the near future, retiring... |
| Exxon Mobil Will Heavily Investing In Natural Gas Projects EXXON Mobil Corp will increase capital spending nearly 4 per cent this year to US$28 billion in part as the largest US oil company seeks to increase its share of the global market for natural gas.... |
| Asian Stocks Mixed After S&p Index Clears Hurdle NEW YORK (AP) - Asian stock markets were mixed in early trading Friday after the Standard & Poor's 500 index closed at a 17-month high with investors worried about inflationary pressures in China. ... |
| Feds: Denny Hecker Fraud Goes Back Years Federal authorities are investigating the business dealings of Denny Hecker stretching as far back as a decade, according to affidavits unsealed this week. The FBI affidavits, which relate to... |
| Wells Fargo Ceo Stumpf Joins Kovacevich On Target's Board Target Corp.'s ties to Wells Fargo & Co. just got a little tighter. The Minneapolis-based retailer said Thursday that Wells Fargo CEO John Stumpf will immediately join its board of directors,... |
| Oil Hovers Above $82 In Asia As Month-long Rally Loses Momentum Amid Weak Us Crude Demand SINGAPORE - Oil prices hovered above $82 a barrel Friday in Asia as investors mulled whether extending a monthlong rally is justified amid evidence of weak U.S. crude demand. Benchmark crude for... |
| Without Reform, Annual Per Employee Health Care Costs For American Companies Will Triple To Nearly $29,000 By 2019 Without reform, annual per employee health care costs for American companies will triple to nearly $29,000 by 2019 By Michael Hennigan, Founder and Editor of Finfacts Mar 12, 2010 - 4:03:40 AM ... |
| Examiner: Jpmorgan, Citigroup Contributed To Lehman Collapse New York - JPMorgan Chase and Co and Citigroup Inc helped cause the 2009 collapse of Lehman Brothers Holding Inc by demanding more collateral and changing guarantee agreements, according to a report... |
| Japan’s Nikkei 225 Rises On Yen Optimism; Nippon Mining Falls March 12 (Bloomberg) -- Japan’s Nikkei 225 Stock Average gained, set for its biggest weekly advance in three months, on optimism the yen will weaken amid speculation the central bank will... |
| Malaysia’s Anwar Targets Ruling Party Stronghold (Adds consultant’s comment in sixth paragraph.) By Ranjeetha Pakiam March 12 (Bloomberg) -- Malaysia’s opposition leader Anwar Ibrahim said he is targeting the ruling party stronghold of... |
| Religare Hires Kandiah From Ubs, Plans To Recruit 80 Bankers March 12 (Bloomberg) -- Religare Enterprises Ltd., Indian billionaire Malvinder Singh’s financial-services company, hired Sutha Kandiah as head of global equity capital markets, the second... |
| Greece's Weakness Is Its Strength If you want to learn how to dig yourself out of a deep hole, watch Greek Prime Minister George Papandreou. The 57-year-old socialist is urgently seeking some kind of financial backstop from other... |
| Microsoft’s Xbox Sales Beat Wii, Ps3 In February On ‘bioshock’ March 12 (Bloomberg) -- Microsoft Corp.’s Xbox 360 beat Nintendo Co.’s Wii and Sony Corp.’s PlayStation 3 last month to become the best-selling video-game console in the U.S. for... |
| Air China Shares Higher After Fundraising Plans HONG KONG -- Air China Ltd.'s shares in Hong Kong were up as much as 13% in resumed mid-morning trade Friday after the Chinese carrier announced fundraising plans involving the private placement of... |
| Cera Week: Us Summers: 'very Close' To The Point Of Job Growth HOUSTON -(Dow Jones)- The U.S. economy is moving towards job creation as it sails out of the recession, White House economic advisor Lawrence Summers said Thursday. The economy is "very close to the... |
| Petrovietnam Gas Consortium Signs $1 Billion Pipeline Deal -official CVX ), MOECO and PTTEP to build and operate a gas pipeline in South Vietnam, a PetroVietnam Gas official said Friday. The consortium, which signed the deal in Hanoi late Thursday, will build the... |
| Agricultural Development Bank Of China To Sell Cny15 Billion Bonds SHANGHAI -(Dow Jones)- Agricultural Development Bank of China said Friday it plans to auction CNY15 billion ($2.2 billion) worth of 10-year bonds on the interbank market March 19. The policy lender... |
| Boj Shirakawa: Aiming To Stimulate Demand By Keeping Low Rates TOKYO -(Dow Jones)- Bank of Japan Gov. Masaaki Shirakawa said Friday the central bank aims to stimulate demand by maintaining a low interest-rate environment, but declined to comment on whether the... |
| Taiwan Cabinet Oks China Financial Firms To Open Local Branches TAIPEI -(Dow Jones)- Taiwan Premier Wu Den-yih has approved the opening of the island's financial sector to investment from China, a cabinet official told Dow Jones Newswires on Friday. "The premier... |
| Lg Display May Raise Some Panel Prices Due To Tight Supply - Ceo "); } function setUserAsLoggedIn() { $('#username_link').show(); $('#username_link').html("WELCOME ("+$.cookie("p_UN")+")"); ... |
| Hong Kong Shares Drop On Policy Tightening Fears HONG KONG -- Hong Kong shares declined early Friday as concerns that Beijing may tighten monetary policy pressured Chinese banking and property stocks, though Air China Ltd. soared after its shares... |
| Japan February Power Output Up 7.4% On Year -utility Federation TOKYO -(Dow Jones)- Electricity generated by Japan's 10 regional power utilities in February rose 7.4% from a year earlier to 80.02 billion kilowatt-hours, as brisk industrial activity and low... |
| Video Game Sales Fall Again In February Video-game sales declined again in February, as some of the month's new releases performed relatively weakly. Sales of game software declined by 15% for the month to $624.4 million compared to the... |
