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Lehman crisis worse
...the past year. Group chief executive Dick Fuld had hoped for a cash infusion ahead of its third-quarter results next week, when it is expected to reveal another round of credit-crunch losses....
Ad slump sends ITV tumbling from Footsie
Its shares closed at 45.75p, up 1.75p on the day, valuing the group at just £1.78billion. Also facing the drop are mobile phone group Carphone Warehouse, pubs chain Enterprise Inns, and mining company Ferrexpo.
SEOUL: Bidders for Daewoo woo pension fund
It plans to pick a strategic buyer to team up with next month. Three of the four contenders in the race to acquire a controlling stake in the world's third-largest shipyard - POSCO, GS Group and Hanwha Group - are looking to partner up with the fund.
London open: Footsie lower despite oil rally
Life group 's chief executive Jim Sutcliffe has stepped down with immediate effect. He has been chief executive of Skandia since February 2006 and before that group finance director. Inter-dealer broker has confirmed overnight press reports that...
Hedge Fund Man Group Hires New Middle East CEO
West Palm Beach (HedgeCo.net) - The CEO of Man Group, Peter Clarke, announced the appointment of the new CEO of the Middle East arm as Patrick Merville, to take effect from 1 October, following the retirement of Antoine Massad.
OPEC's output cut pushes up oil price
VIENNA: Oil prices edged higher in Wednesday's trading after OPEC members said the group would cut crude oil output by 520,000 b/d under a plan to roll back production to quotas set this time last year.
Hot Small Caps: Avesco slides on profit warning
LONDON: The following is a round-up of key small cap movers on the London Stock Exchange on Wednesday. Shares in Avesco plunge 22 percent to 42.5 pence after the corporate entertainment group warns on full-year profits, citing falling levels of...
Will e-zwich Improve Banking In Ghana?
Consultative Group Action to Assist the Poor (CGAP), the UN agency that is tasked with devising programmes and strategies to assist poor people, and poor countries around the world, strongly believe that the plight of the poor could be seriously...
OPEC Tightens Spigot, Oil Prices Rise
OPEC overall regularly churns out oil above the organization's overall quota, last set in November at 27.3 million barrels a day, and it remained unclear whether group members would abide by the decision to keep to their limits.
2nd UPDATE: KDB Confirms Halt To Lehman Stake Talks
...KDB Chief Executive Min Euoo-sung told a group of reporters that it wouldn't be appropriate to comment on how the Lehman talks were proceeding....