Barclays in billion pound Lehman deal

September 16, 2008 on 11:47 pm | In Business News | No Comments

LONDON (Reuters) - Barclays, which over the weekend balked at acquiring stricken Lehman Brothers Holdings, agreed to pay about $1.75 billion (1 billion pounds) for some of the bank’s …

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Barclays in billion pound Lehman deal

AIG rescued by U.S. Fed

September 16, 2008 on 11:42 pm | In Business News | No Comments

NEW YORK (Reuters) - Capping an extraordinary day in financial markets, U.S. authorities pieced together an emergency $85 billion (47 billion …

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AIG rescued by U.S. Fed

Oil rebounds over $3

September 16, 2008 on 10:12 pm | In Business News | No Comments

SINGAPORE (Reuters) - Oil rebounded more than $3 a barrel on Wednesday, after two days of free fall, as an $85 billion (47 billion pound) bailout of American International Group sparked a relief rally on Wall Street.

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Oil rebounds over $3

U.S. Fed to rescue AIG with 47 billion pound loan

September 16, 2008 on 10:07 pm | In Business News | No Comments

WASHINGTON (Reuters) - The U.S. Federal Reserve Board on Tuesday said the Federal Reserve Bank of New York will lend up to $85 billion (47 billion pounds) to the American International Group in a plan aimed at saving the insurer from a “disorderly failure” that could wreak economic havoc.

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U.S. Fed to rescue AIG with 47 billion pound loan

Fed holds rates steady despite market turmoil

September 16, 2008 on 9:52 pm | In Business News | No Comments

WASHINGTON (Reuters) - The Federal Reserve held U.S. interest rates steady on Tuesday and showed little inclination to lower them soon, spurning calls for cuts from financial markets roiled by the bankruptcy of investment bank Lehman Brothers.

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Fed holds rates steady despite market turmoil

U.S. government rescue at hand for AIG

September 16, 2008 on 8:32 pm | In Business News | No Comments

NEW YORK (Reuters) - An $85 billion (47 billion pound) government rescue of insurer American International Group looked increasingly likely on Tuesday to stave off a bankruptcy that would have thrown world markets back into turmoil.

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U.S. government rescue at hand for AIG

Goldman and Morgan Stanley profits fall amid slump

September 16, 2008 on 7:42 pm | In Business News | No Comments

NEW YORK (Reuters) - The two largest U.S. investment banks, Goldman Sachs and Morgan Stanley , reported lower quarterly profits, but beat expectations on Tuesday even as the worst market slump in decades rattled Wall Street.

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Goldman and Morgan Stanley profits fall amid slump

Tesco launches new low-cost range and cuts prices

September 16, 2008 on 7:31 pm | In Business News | No Comments

LONDON (Reuters) - Tesco announced a new low-cost range of products and price cuts on Wednesday, as it fights back against budget supermarket rivals that have eaten into its market share.

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Tesco launches new low-cost range and cuts prices

Goldman and Morgan Stanley results give ray of light

September 16, 2008 on 7:23 pm | In Business News | No Comments

NEW YORK (Reuters) - The two largest remaining U.S. investment banks, Goldman Sachs and Morgan Stanley , beat quarterly profit expectations on Tuesday, even as the worst market slump in decades rattled Wall Street.

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Goldman and Morgan Stanley results give ray of light

Barclays seen set to buy some Lehman assets

September 16, 2008 on 6:54 pm | In Business News | No Comments

LONDON (Reuters) - Barclays agreed to buy bankrupt Lehman Brothers’ main investment banking assets for about $2 billion (1.12 billion pounds), a source familiar with the situation said on Tuesday.

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Barclays seen set to buy some Lehman assets

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