Lehman Brothers Holdings Inc (LEH.N), Goldman Sachs Group Inc (GS.N) and Morgan Stanley (MS.N) may incur further writedowns, mainly on their mortgage assets, said an analyst at Citigroup, who cut his third-quarter
The Federal Reserve acted on rumors last month and called Credit Suisse Group to see if it had pulled a credit line from Lehman Brothers Holdings Inc, The Wall Street Journal said
Oil raced above $116 a barrel on Thursday, a third straight day of gains, on supply concerns after Russia expressed its displeasure over a U.S.-Poland defense pact. U.S. crude futures gained 80
Britain's leading share index fell 1 percent early on Thursday as renewed credit jitters weighed heavily on banks, though firmer metal prices lifted mining stocks. By 0740 GMT, the FTSE 100 was
Asian stocks fell on Thursday on gloom about the ability of exporters to weather a widespread economic slowdown, while the U.S. dollar slipped as oil prices rose to above $116 a barrel
Thousands of people suspected of sharing music, films and games over the Internet will be pursued through the courts for damages, lawyers for entertainment companies said on Wednesday. London-based law firm Davenport
SAN FRANCISCO (Reuters) – After years of false starts aimed at bringing the Web to TV sets, Yahoo Inc said on Wednesday it is working with Intel Corp to create Web computer
Stocks were little changed on Wednesday as rising oil prices and nagging concerns about the credit crisis offset a strong outlook and profit from Hewlett-Packard, the world's largest computer maker. Shares of
Shares of Fannie Mae and Freddie Mac dove to their lowest levels in more than 18 years on mounting fears of a government bailout that would wipe out shareholders of the two
Oil and commodities rebounded on Wednesday, helping world stocks climb after hitting their lowest level in almost two years the previous day, while the dollar rose close to this week's seven-month high.
