NEW YORK (Reuters) - Standard %26amp; Poor’s on Friday cut its ratings on Bear Stearns Cos (BSC.N: Quote, Profile, Research) and said it may cut them again, after the bank said a cash crunch forced it to turn to the Federal Reserve and JPMorgan Chase for emergency funds.
The 28-day emergency line [...]
NEW YORK (AP) — Lehman Brothers Inc. Chairman and Chief Executive Richard Fuld received compensation valued at $22.1 million in 2007, a year in which the company weathered the subprime mortgage collapse better than its rivals.Of the total, Lehman (LEH, Fortune 500) noted that $7.5 million in stock awards granted during fiscal 2007 are considered [...]
(Adds CEO, COO and analyst comment, updates shares)
By Gavin Haycock
LONDON, March 6 (Reuters) - News and financial information
provider Reuters (RTR.L: Quote, Profile, Research) said 2007 trading profit rose to 385
million pounds ($762 million) and 2008 had started well.
“Early indications for 2008 are encouraging despite the
uncertain market environment, with strong sales momentum
reflecting the [...]
LONDON, March 6 (Reuters) - News and financial information
provider Reuters (RTR.L: Quote, Profile, Research) said 2007 trading profit was 385
million pounds ($762 million) and 2008 had started well.
“Early indications for 2008 are encouraging despite the
uncertain market environment, with strong sales momentum
reflecting the robustness of the Reuters business mix,” the
company said in a statement on [...]
(Adds CEO, COO and analyst comment, updates shares)
By Gavin Haycock
LONDON, March 6 (Reuters) - News and financial information
provider Reuters (RTR.L: Quote, Profile, Research) said 2007 trading profit rose to 385
million pounds ($762 million) and 2008 had started well.
“Early indications for 2008 are encouraging despite the
uncertain market environment, with strong sales momentum
reflecting the [...]
AMSTERDAM (Reuters) - Carlyle Capital Corporation
(CARC.AS: Quote, Profile, Research), an affiliate of private equity firm Carlyle Group
[CYL.UL], said on Thursday it had not been able to meet some
margin calls and had received a notice of default.
Carlyle Capital Corporation (CCC) said in a statement it
received margin calls on Wednesday totaling more than $37
million from [...]
By Sweta Singh
BANGALORE (Reuters) - Electronic payments provider Euronet
Worldwide Inc (EEFT.O: Quote, Profile, Research) said it would not go ahead with its
proposal to buy rival MoneyGram International Inc (MGI.N: Quote, Profile, Research),
citing the turmoil in the debt and equity markets.
In the current market environment, the proposal would not
give [...]
Aggreko, BAE Systems, Cobham, Segro: U.K., Irish Equity Preview
By Kari Lundgren and Sarah Thompson
March 6 (Bloomberg) — The following is a list of
companies whose shares may have unusual price changes in U.K.
markets today. Stock symbols are in parentheses and prices [...]
The FINANCIAL — On February 29, Swiss Re reported a strong net income for 2007 of CHF 4.2 billion and a return on equity of 13.5%, despite the isolated mark-to-market loss from credit underwriting activities announced in November. Net income for the fourth quarter was modest at CHF 170 million.
ADVERTISEMENT [...]
Adam Tam, fund manager at Pacific Sun Investment Management in Hong Kong, said investors liked the sector because, “China Railway Construction is a proxy for Chinas infrastructure industry, which is less affected by Chinas recent tightening policies.”
To attract buyers, China Railway Construction shares were sharply discounted to compare favorably with those of its rival, China [...]
