BAE rises as Pentagon supplier

May 30, 2008 on 9:55 pm | In Business News | No Comments

WASHINGTON (Reuters) - BAE Systems has become the Pentagon’s sixth-biggest supplier, up from eighth, despite a U.S. investigation of its compliance with anti-bribery laws to win a Saudi arms deal in the 1980s.

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BAE rises as Pentagon supplier

BBA says to beef up supervision of its Libor rates

May 30, 2008 on 3:57 pm | In Business News | No Comments

NEW YORK/LONDON (Reuters) - The group in charge of setting Libor interest rates said on Friday it will strengthen oversight of the global interbank lending benchmark, months after it became seriously distorted by the credit crisis.

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BBA says to beef up supervision of its Libor rates

Oil rises to over $127 on weaker dollar

May 30, 2008 on 3:39 pm | In Business News | No Comments

NEW YORK (Reuters) - Oil prices rose to over $127 a barrel on Friday as a drop in the dollar drew in investors seeking to hedge against the weaker greenback.

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Oil rises to over $127 on weaker dollar

Funding arm says HSBC fought off pay backlash

May 30, 2008 on 1:20 pm | In Business News | No Comments

LONDON (Reuters) - Europe’s biggest bank HSBC fought off an investor backlash over a multi-million pound executive pay plan on Friday and dismissed claims its troubled U.S. unit cannot finance itself and should be sold.

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Funding arm says HSBC fought off pay backlash

FTSE falls in seesaw session

May 30, 2008 on 12:42 pm | In Business News | No Comments

LONDON (Reuters) - The FTSE 100 ended down on Friday as lower crude oil prices weighed on commodity shares but lifted British Airways , while funding concerns dragged banks lower.

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FTSE falls in seesaw session

Silverjet airline goes under

May 30, 2008 on 12:14 pm | In Business News | No Comments

LONDON (Reuters) - Silverjet has become the third business-class-only airline flying between London and New York to collapse, after failing to get an emergency $5 million (2.5 million pound) loan.

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Silverjet airline goes under

Silverjet goes into administration

May 30, 2008 on 11:34 am | In Business News | No Comments

LONDON (Reuters) - Silverjet airline said on Friday it appointed administrators after failing to secure funding to continue operations.

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Silverjet goes into administration

Oil bounces above $127 after earlier losses

May 30, 2008 on 11:16 am | In Business News | No Comments

LONDON (Reuters) - Oil prices bounced back above $127 a barrel on Friday after a U.S. regulatory probe made dealers wary and participants squared accounts on the last trading day of the month.

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Oil bounces above $127 after earlier losses

SocGen investment bank chief said to be replaced

May 30, 2008 on 10:32 am | In Business News | No Comments

PARIS (Reuters) - The top executive at Societe Generale’s investment banking unit, Jean-Pierre Mustier, is being replaced in the wake of the French bank’s rogue trading scandal, two banking sources said on Friday.

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SocGen investment bank chief said to be replaced

Wolseley seen edging higher on bid talk

May 30, 2008 on 10:27 am | In Business News | No Comments

LONDON (Reuters) - Shares in Wolseley gained over 2 percent on Friday, as traders cited bid interest in the building materials distributor.

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Wolseley seen edging higher on bid talk

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