Asian stocks firm as credit fears ease

April 20, 2008 on 10:47 pm | In Business News | No Comments

HONG KONG (Reuters) - Asian shares powered to their highest in more than seven weeks on Monday as financial firms rallied on hopes that the worst of the credit crisis is over, and …

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Asian stocks firm as credit fears ease

Nat City said to be close to investment deal

April 20, 2008 on 9:32 pm | In Business News | No Comments

NEW YORK (Reuters) - A group of investors led by private equity firm Corsair Capital is close to a deal to invest between $6 billion and $7 billion (3 billion and 3.5 billion pounds) into National City , a large U.S. Midwest regional bank, a source familiar with the transaction said on Sunday.

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Nat City said to be close to investment deal

National City said to be close to investment deal

April 20, 2008 on 8:24 pm | In Business News | No Comments

NEW YORK (Reuters) - A group of investors led by private equity firm Corsair Capital is close to a deal to invest between $6 billion and $7 billion (3 billion and 3.5 billion pounds) into National City , the 10th-largest bank in the United States, a source familiar with the transaction said on Sunday.

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National City said to be close to investment deal

Oil holds just below record $117 a barrel

April 20, 2008 on 8:08 pm | In Business News | No Comments

PERTH (Reuters) - Oil hovered just below a record $117 a barrel on Monday, supported by worries of supply disruptions in Nigeria and comments by OPEC that it saw no need to increase production.

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Oil holds just below record $117 a barrel

50-billion pound mortgage plan to be unveiled

April 20, 2008 on 6:39 pm | In Business News | No Comments

LONDON (Reuters) - The government will try to ease the effects of a credit crunch on borrowers by unveiling plans on Monday to swap government bonds worth 50 billion pounds for banks’ riskier mortgage debt.

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50-billion pound mortgage plan to be unveiled

Viacom, MGM and Lionsgate to take on HBO, Showtime

April 20, 2008 on 6:18 pm | In Business News | No Comments

NEW YORK (Reuters) - Sumner Redstone’s Viacom will launch a premium TV and movie channel with Lionsgate and Metro-Goldwyn-Mayer, aiming a direct volley at Time Warner’s HBO as well as Redstone’s own Showtime networks owned by CBS Corp .

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Viacom, MGM and Lionsgate to take on HBO, Showtime

Tesco carries out jobs review and could see cuts

April 20, 2008 on 11:09 am | In Business News | No Comments

LONDON (Reuters) - Tesco is carrying out an annual review of its staff that could result in cuts, a spokesman for the retailer said on Sunday, after newspapers reported hundreds of jobs could go.

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Tesco carries out jobs review and could see cuts

Jaguar Land Rover CEO dies after two-year illness

April 20, 2008 on 11:00 am | In Business News | No Comments

DETROIT (Reuters) - The chief executive of Jaguar Land Rover has died in his home country of Australia after a long illness, Ford Motor Co said on Sunday. He was 60.

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Jaguar Land Rover CEO dies after two-year illness

Earnings onslaught offers reality check

April 20, 2008 on 10:29 am | In Business News | No Comments

LONDON (Reuters) - Remarkably resilient morale among euro zone investors and businesses will face a reality check this week as first-quarter earnings reports from the non-financial sector get into full swing.

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Earnings onslaught offers reality check

Premier Foods to sell M&S suppliers

April 20, 2008 on 9:59 am | In Business News | No Comments

LONDON (Reuters) - Premier Foods is planning to sell chilled food unit RF Brookes and Avana Bakeries, two top suppliers to retailer Marks & Spencer , the Sunday Telegraph reported.

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Premier Foods to sell M&S suppliers

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