Treasuries rise and dollar down on economic worries

March 25, 2008 on 4:34 pm | In Business News | No Comments

NEW YORK (Reuters) - U.S. Treasury debt prices rose and the dollar slipped on Tuesday as data showing another slide in U.S. home prices along with a plunge in consumer confidence to five-year lows renewed the flight to safe-haven investments.

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Treasuries rise and dollar down on economic worries

Air France-KLM offers concessions in Alitalia talks

March 25, 2008 on 4:33 pm | In Business News | No Comments

ROME/MILAN (Reuters) - Air France-KLM on Tuesday promised a revised plan for cutting jobs at Alitalia as part of its takeover of the carrier, marking its first concession in talks with the labor unions.

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Air France-KLM offers concessions in Alitalia talks

Vale says Xstrata deal not a priority

March 25, 2008 on 3:11 pm | In Business News | No Comments

SAO PAULO (Reuters) - The chief executive of Brazilian mining giant Vale said on Tuesday the potential acquisition of Swiss rival Xstrata was not a priority and that Vale was studying other options.

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Vale says Xstrata deal not a priority

Jaguar-Land Rover sale agreed

March 25, 2008 on 3:00 pm | In Business News | No Comments

LONDON (Reuters) - U.S. automaker Ford has agreed to sell its luxury brands Jaguar and Land Rover to India’s Tata Motors for more than $2 billion (1 billion pounds), according to a source familiar with the matter.

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Jaguar-Land Rover sale agreed

Vale says Xstrata takeover not a priority

March 25, 2008 on 2:20 pm | In Business News | No Comments

SAO PAULO (Reuters) - The chief executive of Brazilian mining giant Vale said on Tuesday the potential acquisition of Swiss rival Xstrata was not a priority and that Vale was studying other options.

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Vale says Xstrata takeover not a priority

FTSE rallies 3.5 percent led by banks

March 25, 2008 on 2:16 pm | In Business News | No Comments

LONDON (Reuters) - The leading share index rallied 3.5 percent on Tuesday as banks led gains after a raised offer for Bear Stearns from JPMorgan Chase & Co soothed market jitters about the embattled financial sector.

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FTSE rallies 3.5 percent led by banks

Bear Stearns staff face reality of buyout

March 25, 2008 on 1:41 pm | In Business News | No Comments

NEW YORK (Reuters) - Employees at Bear Stearns Cos were hardly celebrating the day after JPMorgan Chase & Co raised its bid for Bear five-fold.

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Bear Stearns staff face reality of buyout

U.S. consumers turn grim

March 25, 2008 on 1:39 pm | In Business News | No Comments

NEW YORK (Reuters) - U.S. consumers’ confidence plunged to a five-year low this month on worries over rising inflation and fewer jobs, with a record drop in home values in January providing additional cause for their woes, reports showed on Tuesday.

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U.S. consumers turn grim

European shares rise 3.1 pct led by banks

March 25, 2008 on 12:51 pm | In Business News | No Comments

FRANKFURT (Reuters) - European stocks rose on Tuesday, with banks lifted by JPMorgan’s increased takeover bid for Bear Stearns and …

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European shares rise 3.1 pct led by banks

BP Russian venture struggles with visas and tax probe

March 25, 2008 on 12:46 pm | In Business News | No Comments

MOSCOW (Reuters) - Russia raised pressure on BP’s joint venture on Tuesday as the Interior Ministry said it was probing a big tax evasion case while TNK-BP itself said it is struggling to renew visas for almost 150 employees from BP.

BP Russian venture struggles with visas and tax probe

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