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U.S., Europe, Japan planned dollar rescue -Nikkei

Forbes | 14 minutes ago

United States - TOKYO, Aug 28 (Reuters) - The United States, Europe and Japan planned to intervene to rescue the dollar when it was plunging in March at the time U.S. investment bank Bear Stearns collapsed, the Nikkei business newspaper reported. Officials from the U.S. Treasury Department, Japan's Finance Ministry and the European Central Bank reportedly drew up a currency contingency plan over the weekend of March 15-16, the Nikkei reported, citing sources familiar with the situation.... (more)


StanChart, CVC Said to Be Considering Sale of Singapore's Amtek

Bloomberg | 23 minutes ago

By Cathy Chan Aug. 28 (Bloomberg) -- and Standard Chartered Private Equity Ltd. may sell , the Singapore-based auto and computer parts maker they bought last year, three people familiar with the matter said. ... (more)


Ploufee: Invesco a Part of Obama's State-by-State Effort

Advertising Age | 26 minutes ago

0 Comments... (more)


'Temple of Obama,' not Hollywood

Hollywood Reporter, The | 1 hour 1 minute ago

ABOUT US | ADVERTISING | FAQ | SITE MAP | RSS... (more)


Movers roundup: Talbots, Lehman Brothers

Forbes | 2 hours 15 minutes ago

Among the stock activity stories for Wednesday, Aug. 27, from AP Financial News:... (more)


The Kielburger crusade

Toronto Star, The | 2 hours 48 minutes ago

 At 22, he is continually clasping hands, hugging, making eye contact and talking in his exuberant way about the rewards of volunteerism and helping others on a global scale.... (more)


Statement of Timothy Flynn, Chairman of KPMG International, Regarding SEC Discussion of Proposed Guidelines for U.S. Companies Transitioning to IFRS - Press Releases: PR Newswire: Insurance - SunHerald.com

Sun Herald (Biloxi-Gulfport, Miss.), The | 2 hours 52 minutes ago

NEW YORK, Aug. 27 -- Today's discussion by the SEC is a very welcome step. In a world where markets are becoming borderless, a global accounting standard like IFRS will provide a common language for investors.... (more)


Lehman faces Q3 loss, fresh writedowns: Morgan Stanley

Reuters | 2 hours 56 minutes ago

By Tenzin PemaBANGALORE (Reuters) - Lehman Brothers Holdings Inc (LEH.N: Quote, Profile, Research, Stock Buzz) may post a loss in the third quarter on likely pre-tax writedowns of $3.5 billion, while Goldman Sachs Group Inc (GS.N: Quote, Profile, Research, Stock Buzz) may incur $1.5 billion in writedowns, according to an analyst at Morgan Stanley.... (more)


U.S. seeks delay of civil case vs. Bear managers

Reuters | 2 hours 56 minutes ago

NEW YORK (Reuters) - U.S. federal prosecutors asked securities regulators to delay a civil case against two former Bear Stearns hedge fund managers while they hold grand jury hearings in building a criminal case against the pair.Fund managers Ralph Cioffi and Matthew Tannin were arrested and indicted in June, the first executives to face federal criminal charges in fallout from the subprime mortgage crisis. Both pleaded not guilty. A trial date has not yet been set.... (more)


FDIC Under Pressure

Forbes | 4 hours 11 minutes ago

The Federal Deposit Insurance Corp, the government's designated spotter, is starting to sweat under the pressure of so many firms sitting in hot water.... (more)


Lehman Digs For Solutions

Forbes | 4 hours 11 minutes ago

Beleaguered investment firm Lehman Brothers is searching far and wide for a fix to its subprime crisis-related woes.... (more)


Lehman Down But Not Out

Forbes | 4 hours 12 minutes ago

Lehman Brothers is looking for options as a projected $4.0 billion in write-downs hangs overhead. The company's already stark alternatives could disappear once it announces yet another round of quarterly losses.... (more)




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