Bai Urges The Selling Of 15 Subsidiaries Of State-Run Firms

The Board of Audit and Inspection has asked the government to sell 15 subsidiaries of state-run corporations including Korea Real Estate Investment Trust, Korea Housing Management, Korea Asset Investment Trust, Ansan Urban Development Institute and Korea Enterprise Data to private firms.
It is also calling for the restructure of seven subsidiaries of state-run corporations and the [...]

Wall Street earnings mixed

“The AIG news pulled the rug out from under hopeful investors,” said Jack Ablin, chief investment officer at Harris Private Bank.
Meanwhile, Yahoo Inc.’s board rejected a $44.6 billion takeover offer from Microsoft Corp.
The Dow fell 4.22, or 0.03 percent, to 12,177.91. Dow Jones %26 Co. said it was replacing two of the [...]

Wall Street earnings mixed

“The AIG news pulled the rug out from under hopeful investors,” said Jack Ablin, chief investment officer at Harris Private Bank.
Meanwhile, Yahoo Inc.’s board rejected a $44.6 billion takeover offer from Microsoft Corp.
The Dow fell 4.22, or 0.03 percent, to 12,177.91. Dow Jones %26 Co. said it was replacing two of the [...]