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GM Europe head says to sell Opel to Magna soon: report (Reuters) Sat, 04 Jul 2009 13:59:29 GMT
Reuters - General Motors Europe President Carl-Peter Forster expects to sell German unit Opel to Canadian auto parts supplier Magna soon, he told a German newspaper.
More bidders interested in Porsche stake: report (Reuters) Sat, 04 Jul 2009 14:46:27 GMT
Reuters - Three more bidders are interested in taking a stake in German sports car maker Porsche, rivaling investment plans by Qatar, German magazine Focus reported on Saturday.
Medici lawyer says Kohn didn't get Madoff payments (Reuters) Fri, 03 Jul 2009 17:17:20 GMT
Reuters - Austrian fund manager Sonja Kohn did not receive any kickbacks from Bernard Madoff to steer Bank Medici customer funds to the swindler's investment business, a Medici lawyer said on Friday.
Teck to sell 17 percent stake to China for C$1.74 billion (Reuters) Fri, 03 Jul 2009 21:29:07 GMT
Reuters - Teck Resources (TCKb.TO) said on Friday it will sell a 17.2 percent equity stake to state-owned China Investment Corp in a deal that will help the Canadian miner pay down its debt while expanding China's portfolio of commodity investments.
Earnings to set tone for stocks in week ahead (Reuters) Thu, 02 Jul 2009 23:02:48 GMT
Reuters - With Wall Street stuck in a range since May, the start of second-quarter earnings season next week could prove to be a decisive factor for determining how much faith investors should have in an economic recovery.
Fannie, Freddie ease terms for mortgage refinance (Reuters) Wed, 01 Jul 2009 21:57:34 GMT
Reuters - The Obama administration on Wednesday expanded its foreclosure prevention efforts to help a greater number of underwater homeowners refinance their mortgages.
AIG to sell consumer finance unit in Colombia (AP) Wed, 01 Jul 2009 21:10:28 GMT
AP - American International Group Inc. on Wednesday said it agreed to sell all of its ownership interests in its consumer finance operations in Colombia, the latest in a recent string of asset sales by the embattled insurer to bolster its finances.
Dollar climbs after poor European retail sales (AFP) Fri, 03 Jul 2009 16:38:21 GMT
AFP - The dollar climbed against the euro Friday after eurozone retail figures slipped back into a rut and as fresh worries about the health of the US economy supported the "safe-haven" greenback.