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Citi reorganizes Asia unit by geography, product (Reuters)

Mon, 18 Aug 2008 04:55:00 +0000

Reuters - U.S. financial services giant
Citigroup on Monday unveiled a reorganization of its
Asia-Pacific business into four regions and seven product
groupings under new Asia Chief Executive Ajay Banga.

Australia’s Commonwealth Bank eyeing BankWest: report (Reuters)

Mon, 18 Aug 2008 04:54:57 +0000

Reuters - Commonwealth Bank of Australia (CBA)
, the country’s No. 2 bank by assets, may offer over
A$6 billion ($5.2 billion) to British bank HBOS for
its Australian unit BankWest, the Australian newspaper reported
on Monday.

GM won’t buy advertising time for 2009 Oscars: report (Reuters)

Mon, 18 Aug 2008 04:54:53 +0000

Reuters - U.S. automaker General Motors Corp.
has pulled out of its longtime sponsorship of the
Academy Awards, one of the biggest annual events on broadcast
television, the Wall Street Journal reported on Sunday.

Analysts expecting large loss from Lehman: report (Reuters)

Mon, 18 Aug 2008 04:54:50 +0000

Reuters - Some analysts are girding for a
third-quarter loss of $1.8 billion or more from U.S. investment
bank Lehman Brothers Holdings Inc , instead of the
modest profit they had previously expected, the Wall Street
Journal reported on Sunday.

American Eagle could be investor bargain: report (Reuters)

Mon, 18 Aug 2008 04:54:47 +0000

Reuters - Apparel retailer American Eagle
Outfitters prices and concentration on jeans and
T-shirts, both back-to-school staples, should help give it a
boost among cost-conscious teens during a challenging retail
environment, Barron’s reported in its August 18 edition.
Read More …

Questions and answers on hiring an appraiser (AP)

Mon, 18 Aug 2008 04:54:46 +0000

AP - Questions and answers on how consumers can ensure they are getting an honest appraisal when buying or selling a home, refinancing an existing mortgage or taking out a home equity loan or line of credit:
Read More …

Morgan Stanley sees more finance crisis pain: paper (Reuters)

Mon, 18 Aug 2008 04:54:43 +0000

Reuters - The financial crisis will probably
not end until next year or even 2010, Germany’s Handelsblatt
newspaper quoted Morgan Stanley co-President Walid
Chammah as saying in a preview of its Monday edition.
Read More …

European shares climb further (AFP)

Mon, 18 Aug 2008 04:54:40 +0000

AFP - Europe’s main stock markets extended gains on Friday after an overnight rally on Wall Street which also helped to lift Japanese share prices, dealers said.

UBS to split wealth management and investment bank (Reuters)

Tue, 12 Aug 2008 07:30:25 +0000

Reuters - Swiss bank UBS AG will
separate its business into three autonomous units after it
identified weaknesses in its integrated one-bank strategy, it
said, after posting a worse-than-expected second quarter loss
of around $330 mln.

Tesco to open grocery stores in India, supply goods to Tata (AFP)

Tue, 12 Aug 2008 07:30:21 +0000

AFP - Tesco, the biggest British retailer, announced Tuesday plans to open wholesale grocery stores in India that will supply goods to hypermarkets owned by Indian conglomerate Tata Group.