Stocks rally on bank rebound and weaker oil

July 29, 2008 on 11:21 pm | In Business News | No Comments

HONG KONG (Reuters) - Asian shares rallied on Wednesday as investors joined Wall Street’s optimism that the worst news from U.S. banks …

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Stocks rally on bank rebound and weaker oil

BHP sees regulatory outcome on Rio bid by year end

July 29, 2008 on 8:30 pm | In Business News | No Comments

SYDNEY (Reuters) - Global miner BHP Billiton expects international regulators to complete their review of its $142 billion (71.7 billion pounds) bid for rival Rio Tinto by the end of 2008, it said in a letter sent to Rio Tinto shareholders. “We expect that the various regulatory processes will be completed by the end of 2008, after which we should …

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BHP sees regulatory outcome on Rio bid by year end

Credit crunch bites into UK fashion firms

July 29, 2008 on 7:34 pm | In Business News | No Comments

LONDON (Reuters) - The number of UK clothing, fashion and cosmetic retailers going into administration rose 21 percent in the first half of 2008 as the global credit crunch crimped consumer spending, a Deloitte report said.

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Credit crunch bites into UK fashion firms

Merrill shares rise on capital increase

July 29, 2008 on 6:43 pm | In Business News | No Comments

NEW YORK (Reuters) - Merrill Lynch shares jumped nearly 8 percent on Tuesday after the bank agreed to sell a massive debt portfolio at a discount, raising investor hopes it was putting its problems behind it.

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Merrill shares rise on capital increase

Elan and Wyeth Alzheimer drug results mixed

July 29, 2008 on 6:29 pm | In Business News | No Comments

CHICAGO (Reuters)- Keenly awaited details on Elan and Wyeth’s new Alzheimer’s drug bapineuzumab show it raised the risk of a …

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Elan and Wyeth Alzheimer drug results mixed

Earthquake spares L.A. energy facilities

July 29, 2008 on 5:11 pm | In Business News | No Comments

LOS ANGELES (Reuters) - A moderate earthquake spared Los Angeles oil refineries, pipelines, nuclear plants and the city’s electrical grid on Tuesday, but caused some minor local power outages.

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Earthquake spares L.A. energy facilities

Boeing unions talk tough as strike looms

July 29, 2008 on 5:08 pm | In Business News | No Comments

NEW YORK (Reuters) - Boeing’s engineers and production line workers are taking an aggressive stand ahead of contract talks with the plane maker in coming weeks, leaving open the possibility of a strike as the company struggles to get its new 787 Dreamliner into the air.

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Boeing unions talk tough as strike looms

Oil falls to 12-week low on demand worries

July 29, 2008 on 3:35 pm | In Business News | No Comments

NEW YORK (Reuters) - Oil fell to its lowest level in nearly three months on Tuesday, extending a steep slide since mid-July on mounting evidence high prices and a souring economy were cutting into world energy demand.

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Oil falls to 12-week low on demand worries

Merrill sells shares below market price

July 29, 2008 on 3:13 pm | In Business News | No Comments

NEW YORK (Reuters) - Merrill Lynch said it sold $8.55 billion (4.32 billion pounds) of common shares at $22.50 each, below the value at which the bank’s shares traded on Tuesday.

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Merrill sells shares below market price

British Airways and Iberia in merger talks

July 29, 2008 on 1:17 pm | In Business News | No Comments

LONDON/MADRID (Reuters) - British Airways Plc and Spain’s Iberia are in talks to create the world’s third-biggest airline, which could form the basis of a three-way transatlantic tie-up and trigger a fresh wave of industry deals.

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British Airways and Iberia in merger talks

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