O.J., Obama and Race in America

Posted by Financial Service News on December 10th, 2008

On Oct. 3, 1995, O.J. Simpson was acquitted of murdering his ex-wife, Nicole, and her friend, Ronald Goldman.

Auto bailout appears on track

Posted by Financial Market News on December 10th, 2008

Dec 10 - Government talks to aid the struggling auto industry reached a "conceptual agreement", according to the White House, but doubts still remain.

Chase offers Money to Republic Workers

Posted by Financial Service News on December 10th, 2008

JPMorgan Chase's offer, announced by Rep. Luis Gutierrez, who has been mediating the dispute, follows on Bank of America Corp's pledge to make an unspecified, limited loan to Republic Windows & Doors on behalf ...

AIG working to settle $10B of investment losses

Posted by Financial Market News on December 10th, 2008

American International Group Inc. said Wednesday it is working on resolving nearly $10 billion in soured investments - without asking taxpayers for more money.

UK competition regulator approves Lloyds/HBOS deal

Posted by Financial Service News on December 10th, 2008

A British regulator on Wednesday ruled that Lloyds Group TSB PLC's proposed takeover of rival bank HBOS PLC is legal, two days before a final shareholder vote on the deal.

The ruling comes following a last-ditch effort by the Merger Action Group, backed by a group of Scottish businessmen, to block the takeover by taking the case to the Competition Appeal Tribunal.

'There is simply no basis for the allegation that the issue of the continuing need for the merger was not properly considered by the decision-maker,' said Justice Gerald Barling, who chaired the tribunal.

Dollar mixed, gold up in morning trading

Posted by Financial Market News on December 10th, 2008

The U.S. dollar was mixed against other major currencies in European trading Wednesday morning. Gold rose.

The euro traded at $1.2915, down from $1.2919 late Tuesday in New York.

Other dollar rates:

_92.59 Japanese yen, up from 92.13

_1.2072 Swiss francs, up from 1.2058

_1.2611 Canadian dollars, down from 1.2644

The British pound was quoted at $1.4778, up from $1.4760.

Gold traded in London at $785.75 per troy ounce, up from $767.75 late Tuesday.

RBA may slash rates in weeks

Posted by Financial Service News on December 10th, 2008

RESERVE Bank of Australia governor Glenn Stevens has not ruled out cutting interest rates in January - a month when the bank board does not normally meet.

Asian marts advance to 1-month high

Posted by Financial Market News on December 10th, 2008

HONG KONG: Asian stocks hit a one-month high today on hopes for government-led help for key sectors such as technology, which encouraged risk-taking to the detriment of assets perceived as safer, such as the ...

Asian marts advance to 1-month high

Posted by Financial Market News on December 10th, 2008

HONG KONG: Asian stocks hit a one-month high today on hopes for government-led help for key sectors such as technology, which encouraged risk-taking to the detriment of assets perceived as safer, such as the ...

Asian marts advance to 1-month high

Posted by Financial Market News on December 10th, 2008

HONG KONG: Asian stocks hit a one-month high today on hopes for government-led help for key sectors such as technology, which encouraged risk-taking to the detriment of assets perceived as safer, such as the ...


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