Former EADS chief targeted in share probe

May 29, 2008 on 10:28 pm | In Business News | No Comments

PARIS (Reuters) - Former EADS co-chief executive Noel Forgeard has been placed under formal investigation on suspicion of insider trading while at Europe’s largest aerospace group, his lawyer said on Friday.

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Former EADS chief targeted in share probe

Oil steady as dollar gains overshadow steep stock fall

May 29, 2008 on 9:34 pm | In Business News | No Comments

SINGAPORE (Reuters) - Oil prices steadied over $126 on Friday, after a steep fall in the previous session, as the dollar’s rally overshadowed the biggest drop in U.S. inventories since 2004, while concerns over global energy demand grew.

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Oil steady as dollar gains overshadow steep stock fall

Help for fuel poor announced

May 29, 2008 on 7:54 pm | In Business News | No Comments

LONDON (Reuters) - The government set out on Friday extra measures to help the poor and boost energy efficiency in the face of rocketing fuel prices.

Help for fuel poor announced

Former EADS chief under investigation in share case

May 29, 2008 on 7:51 pm | In Business News | No Comments

PARIS (Reuters) - Former EADS Co-Chief Executive Noel Forgeard has been placed under formal investigation on suspicion of insider trading while at Europe’s largest aerospace group, his lawyer said early on Friday.

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Former EADS chief under investigation in share case

Consumer mood bleakest since 1990

May 29, 2008 on 7:23 pm | In Business News | No Comments

LONDON (Reuters) - Consumer confidence fell in May to its weakest since 1990, a survey showed on Friday which bodes ill for both the retail outlook and the sagging political fortunes of Prime Minister Gordon Brown.

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Consumer mood bleakest since 1990

BBA Libor review due Friday

May 29, 2008 on 7:14 pm | In Business News | No Comments

LONDON (Reuters) - An annual review on Friday into the way Libor is set is expected to recommend tweaks rather than drastic changes despite concern that the process has become seriously distorted by the global credit crisis.

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BBA Libor review due Friday

Oil falls $4, shrugs off U.S. supply drop

May 29, 2008 on 3:38 pm | In Business News | No Comments

NEW YORK (Reuters) - Oil prices dropped $4 on Thursday as concerns about global energy demand and strength in the dollar countered a government report showing the biggest decline in U.S. stockpiles since 2004.

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Oil falls $4, shrugs off U.S. supply drop

EADS in bid to avert Franco-German jobs rift

May 29, 2008 on 3:31 pm | In Business News | No Comments

TOULOUSE, France (Reuters) - Airbus parent EADS pledged on Thursday to give France and Germany an equal hand in building its next aircraft, the A350, in a bid to defuse a row over the share of jobs in Europe’s fragile aerospace industry.

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EADS in bid to avert Franco-German jobs rift

Cayne apologizes as takeover of Bear is approved

May 29, 2008 on 3:25 pm | In Business News | No Comments

NEW YORK (Reuters) - Bear Stearns Cos Inc Chairman James Cayne apologized to employees and investors on Thursday for the demise of the 85-year-old investment bank, as shareholders voted to sell the company to JPMorgan Chase & Co for less than $10 a share.

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Cayne apologizes as takeover of Bear is approved

House prices post record fall

May 29, 2008 on 3:22 pm | In Business News | No Comments

LONDON (Reuters) - House prices fell a record 2.5 percent in May, the Nationwide Building Society said on Thursday, raising fears the property market downturn could soon turn into a crash that hits the whole economy.

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House prices post record fall

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