Oil rises as eyes back on Iran-Israel row

June 30, 2008 on 10:45 pm | In Business News | No Comments

SINGAPORE (Reuters) - Oil rose on Tuesday after slipping from a record above $143 a day ago, as tension surrounding Iran’s nuclear programme returned to focus and outweighed concerns over eroding U.S. demand.

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Oil rises as eyes back on Iran-Israel row

Banks unlikely to pre-fund scheme

June 30, 2008 on 8:31 pm | In Business News | No Comments

LONDON (Reuters) - Banks are unlikely to have to come up with money upfront to fund a compensation scheme for victims of bank failures under reforms to be announced by the Treasury later on Tuesday.

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Banks unlikely to pre-fund scheme

U.S. seeks court order for UBS bank records

June 30, 2008 on 8:18 pm | In Business News | No Comments

WASHINGTON (Reuters) - The U.S. Justice Department said on Monday it asked a federal court in Miami to authorize the Internal Revenue Service to request information from UBS AG about U.S. taxpayers who may be using Swiss bank accounts to evade federal income taxes.

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U.S. seeks court order for UBS bank records

Chrysler to shut minivan plant as sales slump

June 30, 2008 on 8:09 pm | In Business News | No Comments

DETROIT (Reuters) - Chrysler will shut its St Louis minivan plant, cutting production of its top-selling vehicle and 2,400 factory jobs in a sign of the automaker’s troubles with a market reeling from record gas prices.

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Chrysler to shut minivan plant as sales slump

Yahoo questions how serious Microsoft was on deals

June 30, 2008 on 7:50 pm | In Business News | No Comments

NEW YORK/SAN FRANCISCO (Reuters) - Yahoo on Monday sought to rally shareholder support in the face of a proxy battle with billionaire Carl Icahn, saying the activist investor had an “ill-defined plan” for the future of the …

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Yahoo questions how serious Microsoft was on deals

Goldman adds Mittal to board and new “hurdles”

June 30, 2008 on 7:44 pm | In Business News | No Comments

NEW YORK (Reuters) - Goldman Sachs Group said on Sunday it had added ArcelorMittal SA Chairman Lakshmi Mittal to its board, gaining the help of one of the world’s richest men but also creating hurdles for its bankers to overcome to avoid conflicts of interest.

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Goldman adds Mittal to board and new “hurdles”

Global stocks close dismal first half

June 30, 2008 on 7:03 pm | In Business News | No Comments

NEW YORK (Reuters) - The worldwide credit crisis that burst onto investors’ radar screens nearly a year ago wiped out some $3.3 trillion (1.66 trillion pounds) in wealth from global stock market wealth in the first half of this year, and optimism for a second-half recovery is fading fast.

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Global stocks close dismal first half

Manitowoc wins Enodis auction with $2.7 billion bid

June 30, 2008 on 6:45 pm | In Business News | No Comments

CHICAGO (Reuters) - Manitowoc Inc said on Monday it had beat out Illinois Tool Works Inc (ITW) in the official auction for British kitchen equipment maker Enodis .

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Manitowoc wins Enodis auction with $2.7 billion bid

Oil slips from record $143 on U.S. demand worries

June 30, 2008 on 3:44 pm | In Business News | No Comments

NEW YORK (Reuters) - Oil slipped from a record high above $143 a barrel on Monday as weak U.S. demand countered mounting tensions between OPEC nation Iran and Israel.

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Oil slips from record $143 on U.S. demand worries

FTSE ends session higher on oil

June 30, 2008 on 12:48 pm | In Business News | No Comments

LONDON (Reuters) - The top share index ended 1.7 percent higher on Monday, with oil stocks gaining on a record high crude price and miners, led by Anglo American , advancing on firmer metals.

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