Treasury may unveil tighter financial rules soon
WASHINGTON (Reuters) - The Treasury Department may unveil on Monday fresh plans to tighten rules on financial market players to ward off a future credit market crisis like the one currently threatenin...
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VaxGen terminates Raven Biotechnologies merger
after realizing its own shareholders were likely to reject the deal. South San Francisco-based VaxGen will adjourn its stockholder meeting Friday without putting the merger to a vote. The board of d...
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UPDATE 6-Alitalia unions attack Air France-KLM concessions
ROME, March 28 (Reuters) - Air France-KLM agreed on Friday to take on an extra 12 percent of Alitalia's ground service workers, but unions fighting its bid for the ailing Italian carrier rejected t...
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S&P cuts FGIC insurance unit's rating to junk status
NEW YORK, March 28 (Reuters) - Standard & Poor's on Friday cut its ratings on FGIC Corp and its bond insurance arm to junk status, saying the insurer has failed to come up with a plan to remain...
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BofA to pay mortgage head more than CEO got in '07
The pay, which vests over three years, is 37 percent higher than the $20.4 million Bank of America Chairman and Chief Executive Kenneth Lewis was compensated in 2007 to run the second largest U.S. ban...
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FOREX-Sagging U.S. stocks drag dollar lower versus yen
NEW YORK, March 28 (Reuters) - The dollar fell against the yen on Friday as investors worried that the credit crisis that has fractured the U.S. financial sector was far from over, pushing stocks l...
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UPDATE 1-US Jan oil imports up 1.8 pct,OPEC most since 1977
WASHINGTON, March 28 (Reuters) - U.S. crude oil imports in January increased by 177,000 barrels per day, or 1.8 percent, from the month before to 10 million bpd, with shipments from OPEC the highes...
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  • Steven Madden, Ltd. Announces Preliminary Results of 'Dutch Auction' Tender Offer (PR Newswire)

    Steven Madden, Ltd. , a leading designer, wholesaler and marketer of fashion footwear and accessories for women, men and children, today announced the preliminary results of its modified "Dutch Auction" tender offer, which expired at 12:00 midnight, Eastern Time on Tuesday, March 18, 2008.

  • REFILE-RLPC-Icelandic loan portfolios liquidated

    LONDON, Oct 9 (Reuters) - Two new portfolios of leveraged loans linked to Icelandic bank Glitnir were put up for sale on Thursday in the European secondary market as forced selling continues to dri...