NEW YORK (Reuters) - JPMorgan Chase & Co said on Saturday it completed its $1.4 billion Bear Stearns Cos takeover, capping the demise of a Wall Street firm that survived the Depression and numerous slumps in its 85 years but could not navigate the mortgage crisis.
MOSCOW (Reuters) - The CEO of Russian oil firm TNK-BP, owned 50-50 by BP and a group of Russian tycoons, said on Saturday he was committed to his role despite demands from the Russians that he resign amid a deepening shareholders’ row.
NEW YORK (Reuters) - The U.S. commodity markets’ chief
regulator will unveil policy changes next week meant to address
public and political concerns that market malfunctions may be
contributing to rising food and energy prices, The New York
Times reported on Saturday.
NEW DELHI/MUMBAI (Reuters) - India’s Sterlite Industries on Saturday agreed to buy the operating assets of bankrupt copper miner Asarco for $2.6 billion, the latest in the series of overseas acquisitions by Indian firms.
AFP - Wall Street opens the month of June with guarded optimism, as hopes mount that the worst of the economic storm is over and that the peak has passed for surging crude oil prices.
Reuters - The Toronto Stock Exchange’s main index
pushed almost 1 percent higher on Friday as it rode the
strength of resource issues, which benefited from firm
commodity prices.
NEW YORK (Reuters) - U.S. technology shares rose on Friday as strong results from computer maker Dell Inc signaled that business and consumer spending was holding up, driving the Nasdaq to end the month up 4.6 percent.
NEW YORK (Reuters) - U.S. consumer confidence fell to a
28-year low in May, a survey showed on Friday, as soaring
prices for food and fuel soured sentiment and pushed long-term
inflation expectations to the highest in more than a decade.
May 30 - Some businesses are practicing what’s known as demand response — using computer software and the internet to control energy usage.
DETROIT (Reuters) - Billionaire investor Kirk Kerkorian on Friday said he would move ahead with a tender offer for Ford Motor Co shares, signaling a bigger bet on the automaker’s turnaround despite the recent slump in its stock and lowered financial outlook.
