Buffett to invest $5 billion in Goldman

September 23, 2008 on 11:14 pm | In Business News | No Comments

NEW YORK (Reuters) - Warren Buffett’s Berkshire Hathaway will invest $5 billion (2.7 billion pounds) in Goldman Sachs Group, in a major boost for the Wall Street bank from perhaps the world’s best-known investor.

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Buffett to invest $5 billion in Goldman

BHP loses appeal on Australian rail-line sharing

September 23, 2008 on 9:46 pm | In Business News | No Comments

CANBERRA (Reuters) - Mining giant BHP Billiton lost an appeal in Australia’s highest court on Wednesday against a ruling that it must share its Australian iron-ore rail networks with other miners.

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BHP loses appeal on Australian rail-line sharing

Paper reports John Paulson major short seller of UK banks

September 23, 2008 on 9:14 pm | In Business News | No Comments

NEW YORK (Reuters) - John Paulson, a New York-based hedge fund manager, is one of the biggest short sellers of British bank stocks, according to regulatory filings, the Financial Times reported on its website Tuesday.

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Paper reports John Paulson major short seller of UK banks

Report says FBI probing Fannie and Freddie and others

September 23, 2008 on 8:57 pm | In Business News | No Comments

WASHINGTON (Reuters) - The FBI is investigating Fannie Mae, Freddie Mac, Lehman Brothers Holdings Inc and insurer American International Group Inc and their senior executives for potential mortgage fraud, CNN reported on Tuesday.

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Report says FBI probing Fannie and Freddie and others

Buffett to invest $5 bln in Goldman

September 23, 2008 on 8:43 pm | In Business News | No Comments

NEW YORK (Reuters) - Warren Buffett’s Berkshire Hathaway Inc will invest $5 billion (2.7 billion pounds) in Goldman Sachs Group Inc , in a major boost for the Wall Street bank from perhaps the world’s best-known investor.

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Buffett to invest $5 bln in Goldman

Policymaker sees economy worsening

September 23, 2008 on 8:39 pm | In Business News | No Comments

MANCHESTER (Reuters) - The time for holding interest rates steady has passed because recent turmoil in financial markets has worsened the economic outlook, Bank of England policymaker David Blanchflower said in a newspaper interview.

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Policymaker sees economy worsening

U.S. bailout faces delays as Goldman gets boost

September 23, 2008 on 7:33 pm | In Business News | No Comments

NEW YORK (Reuters) - Architects of a $700 billion (377 billion pound) bailout plan urged U.S. lawmakers to act swiftly or face dire economic consequences as global stock markets fell for a second day …

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U.S. bailout faces delays as Goldman gets boost

Google rolls out rival to iPhone

September 23, 2008 on 7:22 pm | In Business News | No Comments

NEW YORK (Reuters) - T-Mobile has rolled out Google’s answer to the iPhone as the Web search giant makes its biggest stab yet at leaping from consumers’ computers into their pockets with a device cheaper than rival Apple offers.

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Google rolls out rival to iPhone

European jet firm makes big Bombardier order

September 23, 2008 on 7:10 pm | In Business News | No Comments

LONDON (Reuters) - A new European private jet company has made its debut with a $1.5 billion (808 million pound) order for 110 Bombardier Inc aircraft it hopes to sell or lease to wealthy individuals — despite the current financial climate.

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European jet firm makes big Bombardier order

Policymaker sees worsening economy

September 23, 2008 on 6:40 pm | In Business News | No Comments

MANCHESTER (Reuters) - The time for holding interest rates steady has passed because recent turmoil in financial markets has worsened the economic outlook, Bank of England policymaker David Blanchflower said in a newspaper interview.

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Policymaker sees worsening economy

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