RBS Insurance sets bid deadline

May 27, 2008 on 7:17 pm | In Business News | No Comments

LONDON (Reuters) - Royal Bank of Scotland is expected to get interest from up to seven bidders at a first informal bid deadline for its insurance arm on Wednesday, with Zurich Financial Services seen as the front-runner.

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RBS Insurance sets bid deadline

Hershey shares jump amid new venture talk

May 27, 2008 on 6:10 pm | In Business News | No Comments

CHICAGO (Reuters) - Shares of Hershey Co rose more than 9 percent on Tuesday on renewed speculation the company could hook up with one of its remaining rivals — such as Cadbury or Nestle — in order to compete with a merged Mars and Wrigley.

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Hershey shares jump amid new venture talk

BP backs plan to reverse Panama crude oil pipeline

May 27, 2008 on 5:11 pm | In Business News | No Comments

NEW YORK (Reuters) - Oil major BP announced on Tuesday it would back a project by privately held NIC Holding Group to reverse and reactivate a mothballed crude oil pipeline in Panama to make Atlantic basin crudes more competitive with other imports on the U.S. West Coast.

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BP backs plan to reverse Panama crude oil pipeline

Oil drops $4 to $128 a barrel on dollar gains

May 27, 2008 on 3:52 pm | In Business News | No Comments

NEW YORK (Reuters) - Oil fell $4 to $128 a barrel on Tuesday, pulled down by the stronger U.S. dollar and concerns moves to cut Asian fuel subsidies could hurt demand growth.

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Oil drops $4 to $128 a barrel on dollar gains

Oil falls below $130 as dollar strengthens

May 27, 2008 on 1:59 pm | In Business News | No Comments

NEW YORK (Reuters) - Oil fell more that $2 on Tuesday, pulled down by the stronger U.S. dollar and concerns moves to cut Asian fuel subsidies could hurt demand growth.

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Oil falls below $130 as dollar strengthens

SocGen chairman booed over Kerviel affair

May 27, 2008 on 1:00 pm | In Business News | No Comments

PARIS (Reuters) - Angry shareholders turned on the chairman of Societe Generale on Tuesday, likening the French bank to a “casino” …

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SocGen chairman booed over Kerviel affair

FTSE dips as falling oil price weighs

May 27, 2008 on 12:32 pm | In Business News | No Comments

LONDON (Reuters) - The blue-chip index ended down 0.5 percent on Tuesday as falling U.S. crude weighed on oil shares, while SABMiller rose on reports that Belgian rival Inbev

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FTSE dips as falling oil price weighs

Russian owners and BP confirm differences over TNK-BP

May 27, 2008 on 11:15 am | In Business News | No Comments

MOSCOW/LONDON (Reuters) - Oil major BP and a group of Russian billionaires publicly aired their differences on Tuesday over their TNK-BP venture, which analysts expect to be pushed into a takeover by a Russian state firm.

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Russian owners and BP confirm differences over TNK-BP

SocGen faces shareholders in shadow of trade scandal

May 27, 2008 on 10:57 am | In Business News | No Comments

PARIS (Reuters) - Societe Generale faced shareholders for the first time on Tuesday since rocking markets in January with the world’s biggest rogue trading scandal, still uncertain whether the trader involved acted alone.

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SocGen faces shareholders in shadow of trade scandal

Oil falls below $130

May 27, 2008 on 10:29 am | In Business News | No Comments

LONDON (Reuters) - Oil dropped below $130 a barrel on Tuesday, after a stronger U.S. dollar helped to pull prices down from peaks hit when rebels attacked Nigerian oil facilities.

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Oil falls below $130

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