InBev working on Anheuser bid

May 23, 2008 on 4:55 pm | In Business News | No Comments

PHILADELPHIA/BRUSSELS (Reuters) - Belgian brewer InBev NV is working on a $46 billion (23 billion pound) bid for Anheuser-Busch Cos Inc , according to a source familiar with the situation.

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InBev working on Anheuser bid

Oil rises on weak dollar

May 23, 2008 on 4:05 pm | In Business News | No Comments

NEW YORK (Reuters) - Oil rose on Friday on the weak U.S. dollar and ongoing long-term supply concerns that briefly pushed oil to a peak over $135 this week.

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Oil rises on weak dollar

IMF ups UK growth forecast

May 23, 2008 on 2:39 pm | In Business News | No Comments

LONDON (Reuters) - The International Monetary Fund raised its economic growth forecasts for Britain for 2008 and 2009 on Friday, seeing no room for interest rate cuts in the near future and even suggesting rates may need to rise.

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IMF ups UK growth forecast

SocGen says rogue trader Kerviel may have had help

May 23, 2008 on 2:02 pm | In Business News | No Comments

PARIS (Reuters) - Societe Generale trader Jerome Kerviel may have had internal help when he built up massive stock market bets that led to the world’s worst trading scandal, a report published by the French bank said on Friday.

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SocGen says rogue trader Kerviel may have had help

Oil rises over $131

May 23, 2008 on 1:02 pm | In Business News | No Comments

LONDON (Reuters) - Oil edged higher on Friday, spurred on by a weaker U.S. dollar and nagging concerns that stagnating output in Russia and other producers outside OPEC could lead to a supply squeeze.

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Oil rises over $131

InBev weighs offer for Anheuser-Busch

May 23, 2008 on 12:44 pm | In Business News | No Comments

PHILADELPHIA (Reuters) - Belgian brewer InBev NV is weighing a takeover offer for U.S. brewing company Anheuser-Busch , but it is uncertain whether it will proceed with a formal bid, a source familiar with the situation said on Friday.

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InBev weighs offer for Anheuser-Busch

SocGen report cites weak supervision in trade scandal

May 23, 2008 on 12:35 pm | In Business News | No Comments

PARIS (Reuters) - Weak supervision and insufficient internal controls were partly to blame for the record rogue trading scandal which shook French bank Societe Generale earlier this year, an internal report said on Friday.

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SocGen report cites weak supervision in trade scandal

Candover agrees to higher Expro offer

May 23, 2008 on 12:19 pm | In Business News | No Comments

LONDON (Reuters) - Funds managed by private equity firm Candover and investment bank Goldman Sachs said they had raised their offer for oil field services company Expro International to 1,550 pence a share.

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Candover agrees to higher Expro offer

FTSE ends worst week since early Feb

May 23, 2008 on 12:16 pm | In Business News | No Comments

LONDON (Reuters) - The leading stock index slid 1.5 percent on Friday to end its worst week since early February as miners and oil shares weighed, though Cable & Wireless rose on upbeat broker views.

FTSE ends worst week since early Feb

Candover and Goldman boost Expro offer

May 23, 2008 on 11:36 am | In Business News | No Comments

LONDON (Reuters) - Funds managed by private equity firm Candover and investment bank Goldman Sachs said they had raised their offer for oil field services company Expro International to 1,550 pence a share.

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