Wall St and buyers expect more delays on Boeing 787

March 20, 2008 on 4:12 pm | In Business News | No Comments

NEW YORK (Reuters) - Industry insiders and Wall Street analysts are expecting further delays on Boeing Co’s new 787 Dreamliner, as the U.S. plane maker grapples with last-minute design changes and production problems.

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Wall St and buyers expect more delays on Boeing 787

Borders explores sale

March 20, 2008 on 1:49 pm | In Business News | No Comments

NEW YORK/ATLANTA (Reuters) - Book retailer Borders Group on Thursday suspended its quarterly dividend and said it was reviewing strategic options including a sale of the company, and its shares sank as much as 44 percent to a new low.

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Borders explores sale

Strong retail sales soothe economy fears for now

March 20, 2008 on 1:44 pm | In Business News | No Comments

LONDON (Reuters) - Shops enjoyed far stronger sales than expected in February as consumers weathered a global credit storm that has left economists split over the timing of an anticipated Bank of England interest rate cut.

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Strong retail sales soothe economy fears for now

FTSE ends down on weak commodities

March 20, 2008 on 1:30 pm | In Business News | No Comments

LONDON (Reuters) - The leading share index ended down almost 1 percent on Friday, dragged lower by oil and metal stocks as commodity prices plunged while services group Rentokil soared after a management revamp.

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FTSE ends down on weak commodities

Banks urge BoE to be generous and flexible

March 20, 2008 on 12:22 pm | In Business News | No Comments

LONDON (Reuters) - Britain’s top bankers urged the Bank of England to be more generous and flexible to ease tensions in fragile money markets at a meeting on Thursday.

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Banks urge BoE to be generous and flexible

FSA set to publish report on Northern Rock

March 20, 2008 on 12:03 pm | In Business News | No Comments

LONDON (Reuters) - The financial watchdog will next week publish the first internal report into its handling of the crisis last year at Northern Rock, the embattled mortgage bank since brought into public ownership.

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FSA set to publish report on Northern Rock

Citigroup cuts 2,000 jobs

March 20, 2008 on 11:16 am | In Business News | No Comments

NEW YORK (Reuters) - Citigroup Inc is cutting about 2,000 more investment banking and trading jobs, a person briefed with the matter said, as the largest U.S. bank moves to lower costs after subprime mortgage and credit problems led to a record quarterly loss.

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Citigroup cuts 2,000 jobs

Borders explores sale, suspends dividend

March 20, 2008 on 11:05 am | In Business News | No Comments

NEW YORK (Reuters) - Book retailer Borders Group Inc on Thursday suspended its quarterly dividend and said it was reviewing strategic options, including the sale of some or all of its businesses.

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Borders explores sale, suspends dividend

Banks to urge BoE to be generous and flexible

March 20, 2008 on 10:35 am | In Business News | No Comments

LONDON (Reuters) - Top bankers will urge the Bank of England to be generous and flexible to ease tensions in fragile money markets at a meeting on …

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Banks to urge BoE to be generous and flexible

Barclays sees $100 oil in 2008

March 20, 2008 on 10:32 am | In Business News | No Comments

LONDON (Reuters) - Investment bank Barclays Capital has raised its crude oil price forecast for 2008 to more than $100 a barrel, citing lower-than expected supply growth from countries outside OPEC.

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Barclays sees $100 oil in 2008

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