Shell shuts more Nigerian oil after rebel attack
LAGOS (Reuters) - Royal Dutch Shell shut down more of its production in Nigeria after a fresh militant attack on Saturday on a flowstation in the restive Niger Delta, where local militants have stepped up a campaign of violence.

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JPMorgan says no near end to financial crisis: report
FRANKFURT (Reuters) - JPMorgan Chase & Co does not expect the U.S. financial crisis to end soon and will remain very cautious, its top executive said in comments published by a German weekly on Saturday.

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D.Telekom eying possible Sprint buy: report
FRANKFURT (Reuters) - Deutsche Telekom is looking at a possible purchase of U.S. wireless company Sprint Nextel , a German magazine said on Saturday.

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Jobs data lifts blue chips; Nasdaq dips on Sun
NEW YORK (Reuters) - Stocks made modest gains on Friday after jobs data that offered fresh evidence the economic slowdown is not as severe as feared, but technology shares faded on a surprise loss from Sun Microsystems Inc .

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Ford to offer union buyouts at two U.S. plants
DETROIT (Reuters) - Ford Motor Co will offer buyouts to United Auto Workers union-represented hourly employees at plants in Chicago and Louisville, Kentucky, to try to trim its ranks, the company said on Friday.

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Sears says credit pact with Bank of America to end
NEW YORK (Reuters) - Retailer Sears Holdings Corp said on Friday a credit agreement with Bank of America Corp would come to an end after the bank would not agree to renew it under existing terms.

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Earnings remain key as Dow nears turnaround
NEW YORK (Reuters) - Investors will have seen enough corporate results by the end of next week to determine if the recent string of encouraging earnings was an anomaly or a real sign stocks can weather the credit crisis and economic slowdown.

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  • UPDATE 1-Private equity among bidders for Friends unit-source

    LONDON, May 23 (Reuters) - A number of private equity (PE) companies are among the bidders for Lombard, the high-end insurance arm of Britain&#039;s Friends Provident (FP.L:

  • Higher debt and weaker consumers to hurt retailers

    LONDON (Reuters) - Retailers are in danger of becoming one of the leading victims of the credit crisis, with the cost of insuring their debt against default on the rise due to their exposure to heavily indebted consumers.