From Madoff to Stanford, sleuths chase assets
While accused hedge fund swindler Arthur Nadel sits in a Manhattan jail, Burton Wiand is busy seizing control of his assets -- a 453-acre mountainside tract of land in North Carolina, several airplane hangars and a jumble of bank accounts.
AIG warned of global turmoil before rescue: report
American International Group Inc had warned of turmoil around the globe if the government allowed the insurer to fail when it appealed to U.S. regulators for its latest rescue, Bloomberg said citing an AIG presentation dated February 26.
Lloyds meets investors on asset plan, shares fall
Lloyds Banking Group starts meeting investors on Monday to garner support for its plan to insure 260 billion pounds ($370 billion) of risky assets with the UK government, which further dilutes shareholders and sent its shares tumbling.
Nikkei hits 26-year low as funds leave Asia
Japan's Nikkei average struck a 26-year low on Monday and other Asian markets slipped on worries about the fate of General Motors and U.S. banks, while the yen edged up in a slight reversal of its broad slide.
EU backs IMF fund boost as economic gloom deepens
European Union finance ministers are set to back a call from the International Monetary Fund to double its funds to $500 billion to fight the global financial crisis, a document showed on Monday.
Satyam says starts bidding process
India's Satyam Computer Services said it was commencing a competitive bidding process to select an investor to acquire 51 percent stake.
HSBC plunges 13.2 pct ahead of rights issue
HSBC shares hit a 13-year low on Monday, plummeting more than 13 percent as large investors shorted the stock on hopes that the price would slide further after the rights issue.
Sudan frees Islamist opposition leader
Sudan released an Islamist opposition leader on Monday, two months after he was detained for calling on President Omar Hassan Al-Bashir to surrender to the International Criminal Court, his family said.
Economy to shrink by 2.8 percent this year
The economic downturn will be deeper than previously thought this year and the recovery will be muted, the British Chambers of Commerce said on Monday.
Lloyds set to meet investors on asset plan
Lloyds Banking Group will start meeting investors Monday to garner support for its plan to insure 260 billion pounds of risky assets with the government.
Japan gloom deepens, U.S. urges coordination
Japan swung to its first current account deficit in 13 years in January as exports collapsed, and a key U.S. policymaker said a coordinated global effort was needed to boost demand and drag the world out of recession.
Pirate suspects sent to Kenya
Nine Somalis are expected to be sent to Kenya for prosecution after an attempted hijack of a cargo ship.
12,000 US troops out of Iraq by September
On Sunday officials said that approximately 12,000 U.S soldiers are expected to leave Iraq by September.
Lloyds set to meet investors on UK asset plan
Lloyds Banking Group will start meeting investors Monday to garner support for its plan to insure 260 billion British pounds ($370 billion) of risky assets with the British government.
Wall St Week Ahead: GM, banks' fate to keep investors on edge
With stocks mired in multi-year lows and the fate of General Motors and banks hanging in the balance, investors are unlikely to curb their flight from risk this week, putting Wall Street on track for another brutal sell-off.
Avaya, AT&T bring Mobile Extension
Avaya and AT&T joined together to launch a mobile convergence package for business users providing greater mobility, flexibility and cost control.
IBM Outranks all Technology Companies
In ranking of the 100 best corporate citizens by CRO Magazine, IBM ranked No. 3 overall outranking all other information technology companies on the list.
Merrill suspends trader in $400 million loss: report
Merrill Lynch & Co. have suspended a trader who had $400 million in undisclosed losses in the last few months, according to a report.
Study: Android could overtake iPhone by 2012
New research predicts that sales of handsets that use Google's Android could surpass Apple iPhones in three years when it comes to sales figures.
Fed will ‘forcefully’ deploy all tools to restore financial stability: Bernanke
Federal Reserve chief Ben Bernanke vowed on Saturday to use all the tools available at the Fed to revive the U.S. economy.
BNP and Belgium revise Fortis carve-up deal again
The Belgian government and France's biggest bank, BNP Paribas , have agreed revised terms for the break-up of stricken financial group Fortis in a third attempt to push the deal through.
Who got AIG's bailout billions?
Where, oh where, did AIG's bailout billions go? That question may reverberate even louder through the halls of government in the week ahead now that a partial list of beneficiaries has been published.
Palestinian PM resigns but Abbas asks him to continue
Palestinian Prime Minister Salam Fayyad said on Saturday he intended to resign by the end of March in a move that could help unity talks between the rival Fatah and Hamas factions.
Obama: Lost jobs not just statistics, but personal hardships
President Barack Obama on Saturday said the latest unemployment figures showing more than 651,000 jobs in February and the 4.4 million jobs lost in the recession were more than just statistics.
Change attitude towards Pakistan, Musharraf tells India
India and Pakistan must change the way they treat each other and bury a dirty past to tackle growing militancy in the region together, Pakistan's former President Pervez Musharraf said on Saturday.
Pressure may mount to know who got AIG bailout billions
Where, oh where, did AIG's bailout billions go? That question may reverberate even louder through the halls of government in the week ahead now that a partial list of beneficiaries has been published.
NY complains BofA still blocking Merrill bonus probe
New York’s top legal officer complained to the state’s top court on Friday that Bank of America is continuing to block his probe in to bonus compensation at the bank’s newly acquired Merrill Lynch division.
Pressure may mount to know who got AIG bailout blns
Where, oh where, did AIG's bailout billions go? That question may reverberate even louder through the halls of government in the week ahead now that a partial list of beneficiaries has been published.
Microsoft Windows 7 to offer opt-outs for users
Microsoft has apparently submitted to European pressure and has built a feature within Windows 7 that allows users the option to disable Internet Explorer.
March 8, an End to all Circuit City Stores
Earlier than expected, Circuit City Store once the second largest electronics chain in the United States will mark its end to all stores tomorrow, March 8, 2009.
