Oil up slightly as Hurricane Ike nears Texas

September 12, 2008 on 3:41 pm | In Business News | No Comments

NEW YORK (Reuters) - Oil inched higher on Friday as Hurricane Ike neared the Texas Coast, shuttering a quarter of U.S. crude oil and refinery production and threatening the nation’s energy hub with a 20-foot (six-metre) wall of water.

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Oil up slightly as Hurricane Ike nears Texas

Darling says action on slowdown unique to each economy

September 12, 2008 on 2:10 pm | In Business News | No Comments

NICE, France (Reuters) - Most European finance ministers believe it is for each country to decide how best to address the global economic downturn, Chancellor Alistair Darling said on Friday.

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Darling says action on slowdown unique to each economy

Oil near $102 as Hurricane Ike looms

September 12, 2008 on 1:59 pm | In Business News | No Comments

LONDON (Reuters) - Oil rose to around $102 a barrel on Friday, underpinned by Hurricane Ike which could threaten oil refineries in the United States, the world’s biggest energy consumer.

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Oil near $102 as Hurricane Ike looms

Lehman assets could benefit Barclays

September 12, 2008 on 12:38 pm | In Business News | No Comments

LONDON (Reuters) - Barclays is one of the few banks in a position to take a look at troubled U.S. rival Lehman Brothers and could see some of its assets as a way to accelerate its U.S. expansion.

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Lehman assets could benefit Barclays

FTSE ends higher on buoyed resources

September 12, 2008 on 12:37 pm | In Business News | No Comments

LONDON (Reuters) - The blue-chip index posted a near-2 percent gain on Friday, buoyed by resource and travel sector gains, while banks were robust even as the fate of Lehman Brothers remained uncertain.

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FTSE ends higher on buoyed resources

Alitalia buyout suspended as union talks stall

September 12, 2008 on 12:11 pm | In Business News | No Comments

ROME (Reuters) - Italy’s government scrambled to salvage a rescue deal for Alitalia on Friday after would-be buyers suspended a takeover in the face of union opposition, and even the pope said he was praying for the ailing airline.

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Alitalia buyout suspended as union talks stall

Stocks end higher on miners and energy

September 12, 2008 on 11:47 am | In Business News | No Comments

PARIS (Reuters) - European stocks ended higher on Friday, snapping a three-session losing streak as buoyant metal prices sparked a strong rally in mining shares, while energy stocks gained ground …

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Stocks end higher on miners and energy

Lehman shares drag on bailout reluctance

September 12, 2008 on 11:29 am | In Business News | No Comments

NEW YORK/WASHINGTON (Reuters) - Concern that Lehman Brothers may fail to find a buyer because the U.S. government is reluctant to provide financial backing sent the investment bank’s shares tumbling to a nearly 14-year …

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Lehman shares drag on bailout reluctance

Sainsbury up on market talk of bid interest

September 12, 2008 on 10:37 am | In Business News | No Comments

LONDON (Reuters) - Shares in Sainsbury rose as much as 3.5 percent on Friday as traders cited market of bid interest in the supermarket group.

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Sainsbury up on market talk of bid interest

Sainsbury to create thousands of Christmas jobs

September 12, 2008 on 9:31 am | In Business News | No Comments

LONDON (Reuters) - J Sainsbury, the country’s third-largest supermarket group, said on Friday it plans to recruit 12,000 temporary workers for its stores over the Christmas period.

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Sainsbury to create thousands of Christmas jobs

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