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Date: 08 December 2007
By Bloomberg News
Bloomberg News
CompUSA, the consumer-electronics retailer owned by the Mexican billionaire Carlos Slim, said it was acquired by the restructuring firm Gordon Brothers Group, which plans to close or sell its 103 stores.
Date: 08 December 2007
By Bloomberg News
Bloomberg News
The UAL Corporation, parent of United Airlines, said it would pay shareholders $250 million, or $2.15 a share, in a special distribution. The payout will be made on Jan. 23 to shareholders as of Jan. 9, UAL said.
Date: 08 December 2007
By Bloomberg News
Bloomberg News
The UAL Corporation, parent of United Airlines, said it would pay shareholders $250 million, or $2.15 a share, in a special distribution. The payout will be made on Jan. 23 to shareholders as of Jan. 9, UAL said.
Date: 08 December 2007
By Bloomberg News
Bloomberg News
A Merrill Lynch analyst, Kenneth Bruce, cut American Express, Capital One Financial and Discover Financial Services to sell from neutral, predicting a deterioration in consumer spending.
Date: 07 December 2007
By Howard W. French
Howard French
As Chinese journalists expand the boundaries of the permissible in domestic coverage, articles about foreign news are more cautious.
Date: 08 December 2007
By Bloomberg News
Bloomberg News
Shares of Amgen had their biggest decline in seven months on Nasdaq Friday after the company reported it might revise the safety information on its biggest product.
Date: 07 December 2007
By PATRICK J. LYONS
Patrick LYONS
Fresh developments on two stories from the summer.
Date: 08 December 2007
By Bloomberg News
Bloomberg News
Credit Suisse has signed a memorandum of understanding to establish a strategic relationship with Founder Securities of China. The venture, which is subject to regulatory approval, expects to underwrite domestic initial public offerings of shares by local Chinese firms and to offer corporate advisory and research services. Morgan Stanley also has reportedly signed an agreement to set up an investment banking venture with China Fortune Securities of Shanghai. (REUTERS)
Date: 08 December 2007
By Bloomberg News
Bloomberg News
Some 30 million people across the nation are receiving notices that they may be eligible for $25 or more from the settlement of a class-action suit over foreign currency conversions on credit and debit cards.
Date: 08 December 2007
By Bloomberg News
Bloomberg News
The British investment group Olivant outlined details of its rescue offer for the mortgage lender Northern Rock as the American investment firm J. C. Flowers reportedly pulled out of the bidding process.