Reuters - Consumers made repeat trips to U.S. stores and spent more on bargains this holiday weekend, but the early rush is unlikely to save retailers from a bleak sales season, analysts said on Sunday.
Reuters - The prospects of Swiss drugmaker Roche raising a $45 billion syndicated loan to finance the buyout of the rest of U.S. biotech group Genentech are becoming increasingly remote.
Reuters - The board of General Motors Corp met on Sunday to review a restructuring plan intended to cut costs and win support for up to $12 billion in emergency funding from the U.S. government, a person familiar with the deliberations said.
Reuters - As recession extends its tentacles across the globe, it is getting hard just to track the hundreds of billions of dollars governments are throwing or promising to throw at the problem.
Reuters - U.S. consumers sought bargains on toys, clothes and electronics as holiday shopping kicked off this weekend, but an early rush to stores was slower this year and was not likely to change a weak outlook for the season, analysts said on Sunday.
Reuters - A report in the Sunday Times that Microsoft Inc is in talks with Yahoo Inc to buy the U.S. internet company’s online search business for $20 billion is “total fiction,” according to a key executive cited by an influential U.S. blog.
Reuters - Wall Street may struggle this week to build on its best weekly performance in almost 30 years as investors grapple with a raft of economic data, including the November jobs report, that will likely provide more evidence of a deep economic downturn.
Reuters - If markets are forward looking, investors might find themselves tempted to buy stocks and other risky assets just as major economies, most of them already in recession, deteriorate further.
Reuters - Deloitte LLP, the administrator of the retail and distribution businesses of British retailer Woolworths Group Plc , has received dozens of inquiries from companies and individuals for parts of the business, according to newspaper reports on Sunday.
Reuters - Microsoft Inc is in talks with Yahoo Inc to buy the U.S. internet company’s online search business for $20 billion, according to a report in Britain’s Sunday Times.
Reuters - BHP Billiton Chief Executive Marius Kloppers will likely use the same pragmatic resolve to grapple with a collapse in metals markets that he did in ditching a mega takeover of mining rival Rio Tinto .
Reuters - The holiday shopping season got off to a slow start as consumers, squeezed by the economic crisis, bought carefully and said they would wait for better deals closer to Christmas.
Reuters - U.S. shoppers awoke early for post-Thanksgiving sales on Friday in a key test of the country’s ability to withstand economic turmoil as sharp production declines in Asia gave fresh evidence of the global crisis.
Reuters - Wall Street may struggle to build on its best week in almost 30 years next week, as investors grapple with a raft of economic data, including the November jobs report, that will likely provide more evidence of a deep economic downturn.
Reuters - Former U.S. Treasury secretary Robert Rubin said the near-collapse of Citigroup Inc , where he is a senior counselor, was due to the buckling financial system and not his own mistakes, according to an interview published on The Wall Street Journal’s website on Friday.