Wall St shockwaves knock down Asia stocks

September 15, 2008 on 11:54 pm | In Business News | No Comments

HONG KONG (Reuters) - Asian stocks dropped on Tuesday, with markets in Japan and Hong Kong down 5 percent, on concerns …

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Wall St shockwaves knock down Asia stocks

Lehman said in talks with Barclays

September 15, 2008 on 11:50 pm | In Business News | No Comments

NEW YORK (Reuters) - Lehman Brothers was in talks for a deal to sell parts of the company to Barclays with the potential for an agreement to be reached as early as Tuesday, the Wall Street Journal reported on its Web site on Monday …

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Lehman said in talks with Barclays

Oil dives for a second day on bank woes

September 15, 2008 on 11:38 pm | In Business News | No Comments

SINGAPORE (Reuters) - Oil tumbled over 4 percent to a seven-month low on Tuesday, in free fall for a second day as Lehman Brothers’ collapse made investors ditch oil for safe-haven assets, and on fears the credit crisis will hurt the real economy.

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Oil dives for a second day on bank woes

Lehman seen in talks with Barclays

September 15, 2008 on 10:38 pm | In Business News | No Comments

(Reuters) - Lehman Brothers is in talks for a last minute plan to sell large portions of itself to Barclays, The Wall Street Journal reported. The deal being contemplated would fold its core business into Barclays.

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Lehman seen in talks with Barclays

Oil at seven month low amid global gloom

September 15, 2008 on 10:24 pm | In Business News | No Comments

SINGAPORE (Reuters) - Oil prices slumped nearly $3 to a seven-month low on Tuesday as the collapse of Lehman Brothers ignited fears that the credit crisis may weaken the global economy and further depress energy demand.

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Oil at seven month low amid global gloom

AIG struggles to survive financial tsunami

September 15, 2008 on 9:08 pm | In Business News | No Comments

NEW YORK (Reuters) - Insurer American International Group Inc struggled for survival a day after a financial tsunami swept away investment bank Lehman Brothers and forced the sale of rival Merrill …

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AIG struggles to survive financial tsunami

HP to cut 24,600 jobs

September 15, 2008 on 8:19 pm | In Business News | No Comments

SAN FRANCISCO (Reuters) - Hewlett-Packard Co plans to cut 7.5 percent of its work force, or 24,600 jobs, seeking to realize savings from its recent acquisition of Electronic Data Systems Corp, the company said on Monday.

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HP to cut 24,600 jobs

Financial stability plans appear confused

September 15, 2008 on 7:09 pm | In Business News | No Comments

LONDON (Reuters) - The Treasury’s proposals for the creation of new body to monitor financial stability are confused, a parliamentary committee said on Tuesday.

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Financial stability plans appear confused

Paulson prepared to act to ensure stability

September 15, 2008 on 3:08 pm | In Business News | No Comments

WASHINGTON (Reuters) - U.S. Treasury Secretary Henry Paulson said on Monday the U.S. financial system remained sound despite current stresses and said he was prepared to take further actions if necessary to maintain stability.

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Paulson prepared to act to ensure stability

Soaring inflation to prompt Bank explanation

September 15, 2008 on 3:00 pm | In Business News | No Comments

LONDON (Reuters) - Rising utility bills are likely to push inflation to a new series high in August, requiring Bank of England Governor Mervyn King to write another explanatory letter to the government.

Soaring inflation to prompt Bank explanation

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