Microsoft prefers own Yahoo bid among options

April 11, 2008 on 10:09 pm | In Business News | No Comments

SEATTLE/NEW YORK (Reuters) - Microsoft Corp wants to stick with its original takeover offer for Yahoo Inc, but is not ruling out News Corp joining its bid or other options, a source close to the company said on Friday.

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Microsoft prefers own Yahoo bid among options

G7 cuts growth view

April 11, 2008 on 9:06 pm | In Business News | No Comments

WASHINGTON (Reuters) - Finance chiefs from rich nations offered a gloomier assessment of the global economy on Friday and vowed to act swiftly on wide-ranging reforms aimed at moving beyond a credit crisis that threatens world growth.

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G7 cuts growth view

Bleaker view on growth at G7 meeting

April 11, 2008 on 6:28 pm | In Business News | No Comments

WASHINGTON (Reuters) - Finance chiefs from rich nations offered a gloomier assessment of the global economy on Friday as persistent market turmoil curbs lending and spending, and vowed swift action to tighten banking oversight and improve cross-border cooperation.

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Bleaker view on growth at G7 meeting

GE results slam markets

April 11, 2008 on 4:18 pm | In Business News | No Comments

NEW YORK (Reuters) - Wall Street stocks skidded on Friday after disappointing earnings at General Electric Co jolted investors who had hoped a U.S. slowdown would be mild and sent them scurrying to the safety of government debt.

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GE results slam markets

BP Carson hydrocracker shut after fire

April 11, 2008 on 1:28 pm | In Business News | No Comments

HOUSTON (Reuters) - A 45,000-barrel-per-day (bpd) hydrocracker was shut on Friday at BP’s 265,000 bpd Los Angeles-area refinery in Carson, California, after a brief fire Thursday night, according to sources familiar with refinery operations.

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BP Carson hydrocracker shut after fire

FTSE ends down as disappointing GE results weigh

April 11, 2008 on 12:11 pm | In Business News | No Comments

LONDON (Reuters) - Ttop share index fell for the fourth straight session on Friday, losing 1.2 percent, after U.S. conglomerate General Electric posted weaker quarterly results, adding to recession fears.

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FTSE ends down as disappointing GE results weigh

Citi examines break up of German business

April 11, 2008 on 12:05 pm | In Business News | No Comments

FRANKFURT (Reuters) - Citigroup is eyeing a sale of its retail business in Germany as part of a global reorganisation of the loss-making U.S. group, sources familiar with the matter have told Reuters.

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Citi examines break up of German business

EDF may bid for B.Energy

April 11, 2008 on 11:42 am | In Business News | No Comments

LONDON (Reuters) - Europe’s biggest power company, Electricite de France , may try to buy British Energy but is unlikely to match a rival’s 700 pence-per-share proposal, a source close to the matter said on Friday.

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EDF may bid for B.Energy

Regulators group plays down need for new rules

April 11, 2008 on 11:27 am | In Business News | No Comments

NEW YORK (Reuters) - A group of U.S. and European regulators said on Friday existing disclosure practices in the financial industry are largely adequate despite a persistent crisis of confidence that has cost banks over $200 billion (101.4 billion pounds).

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Regulators group plays down need for new rules

Northrop seen keeping U.S. tanker order

April 11, 2008 on 11:13 am | In Business News | No Comments

WASHINGTON (Reuters) - Northrop Grumman and its European supplier EADS will probably hold onto a $35 billion (17.7 billion pounds) order for aerial refuelling tankers, but a Boeing protest and political wrangling could delay the deal somewhat, the Teal Group said in a new report.

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Northrop seen keeping U.S. tanker order

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