British bank Barclays is in talks with Lehman Brothers to buy its core U.S. broker-dealer businesses, including equity, fixed income, M&A advisory and other parts, people familiar with the matter said. Barclays
American International Group Inc, thrown a $20 billion lifeline by New York state, came under renewed pressure on Tuesday as ratings agencies downgraded the insurer's debt and the financial sector meltdown spread.
PARIS, Sept 16 (Reuters) – European stock index futures sank in early trade on Tuesday, as investors fretted about U.S. insurer American International Group Inc after its debt was downgraded. At 0605
Central banks moved worldwide to ease tensions and address deep distrust in short-term lending markets after Lehman Brothers Holdings Inc filed for bankruptcy protection and news that Merrill Lynch, another Wall Street
Asian stocks dropped on Tuesday, with markets in Japan and Hong Kong down 5%, on concerns Wall Street's upheaval will cause lasting damage to the global economy, sending investors fleeing to government
Oil plunged $5 on Monday as investors fled to safer havens due to turmoil in the U.S. financial system and on early signs Hurricane Ike had spared key U.S. energy infrastructure. U.S.
Stocks slid on Monday as the bankruptcy filing by investment bank Lehman Brothers Holdings Inc and cascading fears about the stability of other major financial institutions spooked global markets. Shares of financial
Shares of U.S. video game publisher Take Two Interactive Software Inc plunged nearly 30 percent in premarket trading on Monday after larger rival Electronic Arts Inc abandoned its takeover bid. EA said
Consumer electronics retailer Best Buy Co. Inc said on Monday it plans to buy digital music service Napster Inc for $121 million in cash. Best Buy said it will $2.65 per share,
The imminent disappearance of major investment banks Lehman Brothers and Merrill Lynch presents a double-barrelled hit to an already wounded job market, and will likely depress salaries on Wall Street. Lehman filed
