Media reports that British banks HBOS and Lloyds TSB are in advanced merger talks underscore the speed with which regulators seem prepared to ditch long-held orthodoxies to counter the credit crunch. HBOS,
Capital Intelligence, the international credit rating agency, has upgraded the Czech Republic's long-term foreign currency rating to ‘A’ from ‘BBB+’ and its short-term foreign currency rating to ‘A1’ from ‘A2’. At the
The number of Britons claiming unemployment benefit rose for a seventh consecutive month in August and by its biggest amount since December 1992, official data showed on Wednesday. The Office for National
Investment bank Morgan Stanley is weighing whether it should remain independent or merge with a bank, give the recent turbulence in the company's share price, broadcaster CNBC reported on Wednesday. Morgan Stanley
U.S. authorities engineered an $85 bln rescue of insurance giant American International Group Inc, staving off bankruptcy and bringing a measure of calm to shell-shocked global markets. The bailout, made amid a
Japan's NEC Electronics Corp (6723.T: Quote, Profile, Research, Stock Buzz) and Germany's Elmos Semiconductor AG (ELGG.DE: Quote, Profile, Research, Stock Buzz) said they would jointly develop semiconductor products to better compete in
Social networking sites are the hottest attraction on the Internet, dethroning pornography and highlighting a major change in how people communicate, according to a web guru. Bill Tancer, a self-described "data geek",
Looking for information about Brad Pitt or Beyonce on the Web? It could be risky. An internet security firm has dubbed the actor and singer the most dangerous celebrities to search for
Barclays Plc, which over the weekend balked at acquiring stricken Lehman Brothers Holdings Inc, agreed to pay about $1.75 billion (1 billion pounds) for some of the bank's prime U.S. assets following
Asian stocks rose and oil was up $3 a barrel on Wednesday after the Federal Reserve said it would bail out American International Group in a dramatic about-face as victims of the
