A second trader questioned about massive losses at Societe Generale was released without charges by authorities on Saturday.
Codelco will launch an investment plan of $2 billion in 2008 to finance 550 projects, reported Chile newspaper El Mercurio on Friday.
The head of the U.S. Federal Communications Commission said on Friday he is urging the agency to approve Liberty Media's acquisition of News Corp's stake in DirecTV.
Hedge funds - the large, private pools of investment capital - and private equity firms, are giving campaign funds to Democrats at a faster pace than Republicans in this year's presidential race.
Exxon Mobil's no-holds-barred legal fight against Venezuela
A man connected to Societe Generale trader Jerome Kerviel is being held by the French police.
Compass Group Plc has reported a strong first quarter and said that global revenues had increase organically in line with last years levels.
French trader Jerome Kerviel, accused by his former bank Societe Generale of causing a $4.9 billion euro ($7.2 billion) loss, is again in police custody as another trader is questioned to see if there is a link to alleged unauthorized deals. A court in Paris reversed a decision to let the 31-year old junior trader free during the investigation. The court was concerned that Kerviel could try to flee or contact any possible accomplices.
A major investor in Yahoo Inc has met with Microsoft Corp Chief Executive Steve Ballmer to see if he would raise a $42 billion unsolicited offer for the company, the New York Post reported on Friday. Capital Research and Management, which owns more than 11 percent of Yahoo shares and more than 6 percent of Microsoft, wants to know how much more the software maker might pay if Yahoo rejects the initial offer, the Post said, citing a source familiar with the meeting.
McDonald's Corp , the world's largest fast-food chain, said on Friday that sales in the United States rebounded in January, easing investors fears after a flat December, sending its stock up more than 2 percent.
The market share for traditional open-end mutual funds owned through professional advisers such as brokers is likely to erode over the next two years, according to a new study by Cogent Research LLC.
India's domestic car sales growth slowed sharply in January from a year ago, clocking up annual expansion of 9 percent, and analysts said only new models and cheaper loans were likely to fuel a pick up in demand.
China Investment Corporation, the Chinese sovereign wealth fund, is in talks with U.S. private equity group JC Flowers to put about $4 billion into a new fund to invest in ailing financial firms, the Financial Times said.
Yahoo Inc's board of directors is to meet on Friday to discuss Microsoft Corp's $44.6 billion buyout offer, the TechCrunch blog said, citing unnamed sources. Yahoo officials could not immediately be reached.
While talk is axiomatically cheap, the price of debt and risk are proving prohibitively high
The Office of National Statistics (ONS) has said that Northern Rock will now be classified as part of the public sector as a public financial corporation for statistical purposes.
January retail sales were the worst in nearly four decades, adding further tension to a stumbling economy, according to Nordstrom Inc.
Tesco Plc has announced that it will be giving it's largest ever share payout of £175 million, to 51,000 of it's employees who are part of its Save As You Earn share scheme which allows Tesco employees to buy shares in the company at a discounted price.
McDonald's Japan, the nation's biggest fast-food chain, posted a five-fold increase in annual net profit on Thursday and predicted further growth as it opens new stores and refreshes its menu.
ArcelorMittal, the world's top steelmaker, will invest $20 billion over the next 10 years to build two steel plants in India and is in talks for iron ore mines, a senior official said on Thursday.
Time Warner CEO told investors on a conference call on Wednesday that the company will split off AOL Internet-access service and eliminate 100 jobs.
Time Warner Inc., the world's largest media conglomerate, reported Wednesday fourth-quarter and full-year results which were roughly in line with Wall Street's expectations, as strong gains in cable television and from the sale of AOL's online access business in Europe.
The London Organising Committee for the 2012 Olympic Games has announced British Airways as the fourth Tier One sponsor of the London Games.
News Corp's Fox brought in $250 million in advertising revenue on the strength of the most-watched Super Bowl ever, according to news reports.
Walt Disney reported greater than expected sales and earnings for its latest quarter on Tuesday mainly to its ESPN cable network and its theme park business as it sought to reassure investors the weakening economy was not affecting the media conglomerate.
News Corp said net profit in its fiscal second quarter ended December 31 rose to $832 million, or 27 cents per share, from $822 million, or 26 cents per share, a year earlier.
Olivant Advisers Ltd has dropped out of the the race to take control of ailing British bank Northern Rock plc.
Billionaire Richard Branson, banker Luqman Arnold and an in-house management team are set to pitch formal offers for Britain's Northern Rock Plc on Monday, the government's deadline for bids. Branson has said his Virgin Group VA.UL will make an offer for the troubled bank ahead of the February 4 deadline, while Arnold's investment group Olivant and the in-house team have also said they will bid.
Massachusetts filed a civil complaint on Friday against brokerage Merrill Lynch and two brokers once employed at the firm, accusing the firm of fraud and misrepresentation when it sold complex securities its sold were unsuitable for the city that quickly became illiquid and lost most of their market value.
Below is the text of the letter that Microsoft sent to Yahoo!'s Board of Directors as it made an unsolicited offer for portal and search engine Yahoo, Inc. worth $31 per share, or $44.6 billion:
