Finance, Banking & Insurance

Call for radical cut to interest rates

Employers are calling for a full percentage point cut to interest rates when the Bank of England's Monetary Policy Committee meets later this week. Steve Radley, of the Engineering Employers Federation, has urged Bank Governor...

Around 10,000 savers rescued by Government as subprime lender collapses

As many as 10,000 savers had to be rescued by the Government this morning as subprime lender London Scottish Bank collapsed. In an unusual move, the Treasury said it would guarantee savers over and above the £50,000 limit as it...

GOGL - Interim Results for the Quarter ended September 30, 2008

Golden Ocean Group Limited (the "Company" or "Golden Ocean") reports net income of $118.7 million and earnings per share of $0.43 for the third quarter of 2008. This compares with net income and earnings per share of $52.9...

Mentor (MNT) Agrees To Be Acquired By Johnson & Johnson (JNJ) for $31/Share

Johnson & Johnson (JNJ) volatility Elevated at 41; JNJ's $1.07B purchase of MNT to be EPS dilutive Mentor (MNT) volatility Elevated; JNJ buying MNT for $1.07 billion cash More News related to Mergers and Acquisitions Wachovia...

Indonesia Bumi shares sink on Northstar deal questions

JAKARTA (Reuters) - Shares in Indonesia biggest coal miner, PT Bumi Resources Tbk , tumbled nearly 7 percent on Monday, surrendering early gains, on investor uncertainty over Bumi's ownership and its group debt.

Property ladder

A bus tour of foreclosed properties Across the USA, foreclosure sales are becoming an increasingly popular way of finding a bargain. In Long Island one real estate company has set up tours of foreclosed homes to bring in the...

Stock Market report: Monday preview

index ended 61.91 points, or 1.5% higher on Friday, up around 13.4% on the week, the best weekly performance this year. Wall Street managed good gains in a half-day session on Friday after Thursday's Thanksgiving holiday, but...

Cardiome Pharma's (CRME) CEO, Rieder, Subject to Margin Call

Cardiome Pharma's (CRME) CEO, Rieder, Subject to Margin Call More News related to Corporate News Cardiome Pharma Corp. (NASDAQ: CRME) disclosed on Friday that its Chairman and CEO, Bob Rieder, was recently subject to...

Wolseley Expands Use of Descartes Routing Solutions to North America

WATERLOO, Ontario, Dec. 1, 2008 (GLOBE NEWSWIRE) -- Descartes Systems Group (Nasdaq:DSGX) (TSX:DSG), a global on-demand software-as-a-service (SaaS) logistics solutions provider, announced that Wolseley's North America...

New Star: Reaction from financial advisers

Financial advisers backed New Star to the hilt when it launched in 2001 recommending many of its funds to their clients. We asked many of those who were invited to its launch party at London's Planetarium what they are advising...