International Business News - BK http://www.ibtimes.com All articles are copyrighted by IBTimes.com 400 100 http://www.ibtimes.com/ http://www.ibtimes.com/images/top_logo_ibt2_3.gif Bank of New York Mellon and mortgage lender Countrywide Financial agreed Friday to settle a Delaware Chancery Court lawsuit involving Countrywide bondholders. http://www.ibtimes.com/articles/20081010/countrywide-bofny-reach-bond-lawsuit-settlement.htm Fri, 10 Oct 2008 14:37:03 EDT The dollar rose against major currencies Thursday as markets grapple with worries that tight lending will throw the global economy into a recession. The 15-nation euro fell to $1.3661 in late New York trading from $1.3680 it bought late Wednesday. The British pound slid to $1.7197 from $1.7292, while the dollar advanced to 100.48 Japanese yen from 100.31 yen. http://www.ibtimes.com/articles/20081009/dollar-rises-on-global-financial-turmoil.htm Thu, 09 Oct 2008 18:11:18 EDT Bank of New York Mellon Corp. said Thursday that Eric Kamback has been appointed chief executive of its treasury services group. Kamback, who previously worked as the division's deputy, has spent more than 25 years with the bank, and will assume responsibility for the company's global payments, trade services and cash-management businesses. http://www.ibtimes.com/articles/20081009/bny-mellon-names-kamback-to-head-treasury-group.htm Thu, 09 Oct 2008 12:53:45 EDT Bank of New York Mellon Corp. said late Wednesday it lowered its prime lending rate to 4.5 percent from 5 percent. The cut in the prime rate matches the 0.5 percent rate cut the Federal Reserve Board announced Wednesday. The prime rate usually moves in lockstep with the fed funds rate, which is now 1.5 percent. http://www.ibtimes.com/articles/20081009/bny-mellon-cuts-prime-rate-to-4-5-percent.htm Thu, 09 Oct 2008 09:52:58 EDT Russia's customs service on Wednesday said a judge approved a six-week delay in a case against Bank of New York Mellon that seeks to apply American racketeering law in a Russian court. http://www.ibtimes.com/articles/20081008/delay-granted-in-russian-case-against-us-bank.htm Wed, 08 Oct 2008 15:55:07 EDT The Bank of New York Mellon said Wednesday it agreed to buy JPMorgan Trust Bank Ltd. in Japan in connection with its takeover of JPMorgan Chase & Co.'s global corporate trust business in 2006. http://www.ibtimes.com/articles/20081008/bny-mellon-acquiring-japanese-trust-bank.htm Wed, 08 Oct 2008 09:11:06 EDT The dollar dipped against most major currencies and retreated from its high vs the euro Friday in New York as more jobs were cut in the U.S. and President Bush signed the financial rescue plan into law. http://www.ibtimes.com/articles/20081003/dollar-comes-off-highs-vs-euro-as-job-losses-mount.htm Fri, 03 Oct 2008 17:01:00 EDT Alabama's most populous county was unable to make an $83.5 million interest payment on its enormous sewer debt Tuesday and could decide within days whether to file what would be the largest municipal bankruptcy in U.S. history. http://www.ibtimes.com/articles/20080930/alabama-county-to-miss-83m-payment-on-bond-debt.htm Tue, 30 Sep 2008 17:14:09 EDT The dollar moved higher again Thursday as passage of a $700 billion financial bailout package appeared increasingly likely. The dollar continued to roll back some of its massive losses from Monday. Soft U.S. economic reports didn't dull hopes that a quick application of the rescue plan would stabilize the financial sector. http://www.ibtimes.com/articles/20080925/dollar-rises-as-hopes-grow-on-bailout-plan.htm Thu, 25 Sep 2008 16:39:47 EDT Among the stock activity stories for Thursday, Sept. 25, from AP Financial News: CHICAGO (AP)--Shares of home decor chain Bed Bath & Beyond Inc. climbed Thursday, a day after the retailer posted same-store-sales results that were modestly above expectations. http://www.ibtimes.com/articles/20080925/movers-roundup-bed-bath-beyond-nike.htm Thu, 25 Sep 2008 14:37:19 EDT Shares of Bank of New York Mellon Corp. rose Thursday amid a rally in the broader markets. The gains come despite Fitch Ratings and at least one analyst frowning on the bank's costly prop-up of its money-market funds. http://www.ibtimes.com/articles/20080925/bofny-mellon-up-despite-hefty-money-market-charge.htm Thu, 25 Sep 2008 19:51:42 EDT Credit ratings agency Fitch Ratings said Wednesday night it reduced its outlook on Bank of New York Mellon Corp. to "Stable" from "Positive." The change came after Bank of New York Mellon said it would incur an after-tax charge of $425 million in the third quarter to rescue money market mutual funds, cash sweep funds and other investments impacted by Lehman Brothers' bankruptcy filing. http://www.ibtimes.com/articles/20080925/fitch-reduces-bank-of-new-york-mellons-outlook.htm Thu, 25 Sep 2008 09:33:10 EDT Stocks that moved substantially or traded heavily Wednesday on the New York Stock Exchange and Nasdaq Stock Market: NYSE http://www.ibtimes.com/articles/20080924/goldman-citi-hansen-natural-among-big-movers.htm Wed, 24 Sep 2008 16:49:26 EDT Bank of New York Mellon Corp. said Wednesday it will take a $425 million charge in the third quarter to rescue money market mutual funds, cash sweep funds and other investments impacted by Lehman Brothers' bankruptcy filing. http://www.ibtimes.com/articles/20080924/bank-of-ny-mellon-to-take-charge-on-fund-rescue.htm Wed, 24 Sep 2008 08:31:31 EDT The dollar sank against other major currencies Monday as oil prices soared and uncertainty over the government's bailout plan helped propel flight from the buck. http://www.ibtimes.com/articles/20080922/dollar-sinks-as-bailout-worries-oil-soars.htm Mon, 22 Sep 2008 18:09:03 EDT Among the stock activity stories for Monday, Sept. 22, from AP Financial News: NEW YORK (AP)--Shares of Secure Computing Corp. jumped Monday after security software maker McAfee Inc. agreed to buy the network security company in a deal valued at $465 million. http://www.ibtimes.com/articles/20080922/movers-roundup-secure-computing-merrill-lynch.htm Mon, 22 Sep 2008 14:35:26 EDT Shares of trust banks Northern Trust Corp. and Bank of New York Mellon Corp. tumbled Monday, as a Sandler O'Neill & Partners analyst reiterated a "Sell" rating on both stocks. http://www.ibtimes.com/articles/20080922/northern-trust-bank-of-ny-mellon-shares-fall.htm Mon, 22 Sep 2008 12:19:45 EDT Citigroup Inc. and the Bank of New York Mellon Corp. are trustees for unsecured creditors who are owed some $155 billion by Lehman Brothers, but both firms stressed Monday that they have little or no exposure to the failed investment bank. http://www.ibtimes.com/articles/20080915/lehman-unsecured-creditors-owed-over-155-billion.htm Mon, 15 Sep 2008 18:01:52 EDT Lehman Brothers, a 158-year-old investment bank choked by the credit crisis and falling real estate values, filed for Chapter 11 protection in the biggest bankruptcy filing ever on Monday and said it was trying to sell off key business units. http://www.ibtimes.com/data/articleimgs/130705-lehman-brothers.jpg http://www.ibtimes.com/articles/20080915/lehman-says-filing-chapter-11-bankruptcy.htm http://www.ibtimes.com/articles/20080915/lehman-says-filing-chapter-11-bankruptcy.htm Mon, 15 Sep 2008 15:39:38 EDT The dollar rebounded against other currencies on Wednesday as oil prices slipped, reaching its highest point in nearly a year against the euro. In late New York trading, the 15-nation euro fell to $1.4033 from $1.4168 the night before in New York. Earlier in the session, the euro touched $1.4009, its lowest level since September 2007. http://www.ibtimes.com/articles/20080910/dollar-rises-as-oil-slips-near-year-high-vs-euro.htm Wed, 10 Sep 2008 17:04:17 EDT