GM Europe head says to sell Opel to Magna soon: report (Reuters)
8 hours ago
Reuters - General Motors Europe President Carl-Peter Forster expects to sell German unit Opel to Canadian auto parts supplier Magna soon, he told a German newspaper.


More bidders interested in Porsche stake: report (Reuters)
7 hours ago
Reuters - Three more bidders are interested in taking a stake in German sports car maker Porsche, rivaling investment plans by Qatar, German magazine Focus reported on Saturday.

Medici lawyer says Kohn didn't get Madoff payments (Reuters)
3 Jul 2009 at 1:17pm
Reuters - Austrian fund manager Sonja Kohn did not receive any kickbacks from Bernard Madoff to steer Bank Medici customer funds to the swindler's investment business, a Medici lawyer said on Friday.


Teck to sell 17 percent stake to China for C$1.74 billion (Reuters)
3 Jul 2009 at 5:29pm
Reuters - Teck Resources (TCKb.TO) said on Friday it will sell a 17.2 percent equity stake to state-owned China Investment Corp in a deal that will help the Canadian miner pay down its debt while expanding China's portfolio of commodity investments.


Earnings to set tone for stocks in week ahead (Reuters)
2 Jul 2009 at 7:02pm
Reuters - With Wall Street stuck in a range since May, the start of second-quarter earnings season next week could prove to be a decisive factor for determining how much faith investors should have in an economic recovery.


Earnings to set tone for stocks in week ahead (Reuters)
2 Jul 2009 at 7:02pm
Reuters - With Wall Street stuck in a range since May, the start of second-quarter earnings season next week could prove to be a decisive factor for determining how much faith investors should have in an economic recovery.


Fannie, Freddie ease terms for mortgage refinance (Reuters)
1 Jul 2009 at 5:57pm
Reuters - The Obama administration on Wednesday expanded its foreclosure prevention efforts to help a greater number of underwater homeowners refinance their mortgages.

AIG to sell consumer finance unit in Colombia (AP)
1 Jul 2009 at 5:10pm
AP - American International Group Inc. on Wednesday said it agreed to sell all of its ownership interests in its consumer finance operations in Colombia, the latest in a recent string of asset sales by the embattled insurer to bolster its finances.


Dollar climbs after poor European retail sales (AFP)
3 Jul 2009 at 12:38pm
AFP - The dollar climbed against the euro Friday after eurozone retail figures slipped back into a rut and as fresh worries about the health of the US economy supported the "safe-haven" greenback.