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Entertainment sources
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Merrill plans to halve year-end bonuses: report (Reuters)

03-12-2008 02:40

Reuters - Merrill Lynch & Co , which is set to merge with Bank of America Corp , plans to cut year-end bonuses in half, Bloomberg News said, citing two people with knowledge of the situation.

Asian stocks rebound, but confidence lacking (Reuters)

03-12-2008 02:11

Reuters - Asian stocks and oil rebounded on Wednesday from recent sell-offs, but low-risk assets such as U.S. Treasuries also retained their luster despite offering the lowest yields in decades amid worries about the ailing global economy.

Goldman mulling Internet banking operation: report (Reuters)

03-12-2008 01:48

Reuters - Goldman Sachs Group Inc is considering launching an Internet banking operation, The Wall Street Journal reported, citing people familiar with the situation.

EDF bids for 50 pct of Constellation nuclear assets (Reuters)

03-12-2008 01:36

Reuters - Electricite de France SA offered to buy a 50 percent stake in Constellation Energy Group Inc's nuclear business for $4.5 billion, in an attempt to scuttle a $4.7 billion takeover by Warren Buffett's MidAmerican Energy Holdings Co.

RIM cuts Q3 outlook on strong dollar (Reuters)

02-12-2008 23:47

Reuters - Research In Motion Ltd on Tuesday cut its third-quarter outlook below Wall Street expectations, hurt by depreciation of certain foreign currencies relative to the U.S. dollar in the quarter.

Automakers' desperate bailout plea gaining support (Reuters)

02-12-2008 21:09

Reuters - A top lawmaker predicted Washington would approve a bailout for U.S. automakers after they submitted survival plans, and General Motors Corp and Chrysler LLC said they needed an immediate infusion of cash to avoid failures.

Bed Bath & Beyond lowers third-quarter outlook (Reuters)

02-12-2008 19:04

Reuters - Bed Bath & Beyond Inc cut its third-quarter earnings outlook on Tuesday, citing lower expected sales and more promotions, but the home goods retailer did not change its fiscal 2008 view.

GM says needs fast $4 billion from U.S. to survive (Reuters)

02-12-2008 18:56

Reuters - General Motors Corp warned the U.S. government on Tuesday that it needs a $4 billion loan by the end of December or else it faces the risk of immediate failure.

Automakers desperate bailout plea gaining support (Reuters)

02-12-2008 18:55

Reuters - A top lawmaker predicted Washington would approve a bailout for U.S. automakers after they submitted survival plans and two of them, General Motors Corp and Chrysler LLC, said that without an immediate infusion of cash they could fail soon.

AIG, U.S. in deal to terminate some debt obligations (Reuters)

02-12-2008 18:50

Reuters - American International Group Inc and the U.S. government have reached an agreement to clear the insurer of its obligations on about $53.5 billion in toxic mortgage debt, the giant insurer said in a regulatory filing on Tuesday.

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