| CIT's troubles raise Fed supervision questions Less than seven months ago, the Fed approved a request by CIT, a lender to nearly 1 million small and mid-sized businesses, to become a bank holding company, giving it access to taxpayer fund ...[more] |
| WTO warns on excessive legal trade safety valves In its annual World Trade Report, the WTO examined the use of "contingency measures," a topic it said was particularly timely given fears of protectionism in the global crisis. The gl ...[more] |
| Porsche CEO likely to bow to pressure to go: report ), Wendelin Wiedeking, is likely to bow to pressure from the Porsche family to step down, a German newspaper reported on Wednesday. Business daily Handelsblatt reported that the two ...[more] |
| Bernanke reassures markets but doubts remain But even as they cheered his words, which triggered a bond market rally, investors still harbor doubts that Bernanke can quickly drain the trillions of dollars pumped into the economy during ...[more] |
| Unemployment could undercut U.S. recovery: Bernanke Delivering the Fed's semiannual report on the economy to Congress, Bernanke also sought to dispel concerns the U.S. central bank's aggressive monetary easing could end up fueling inflation, s ...[more] |
| IBM boosts Juniper pact, plays down Cisco rivalry International Business Machines Corp said it had agreed with Juniper on an original equipment manufacturing (OEM) partnership, under which IBM would rebrand Juniper's switches and routers as ...[more] |
| After Medarex buy, biotech investors ask who's next ) and Seattle Genetics Inc () on Thursday after Medarex Inc MEDX.O agreed to be acquired by Bristol-Myers Squibb Co () at a 90 percent premium. Analysts speculated that those two co ...[more] |
| Fortress eyeing acquisitions: report ), among the largest private equity and hedge fund firms, is looking to go on an acquisition drive, the Financial Times said, citing a memo passed to Fortress staff. Chief executive ...[more] |
| RIM likely out of running on Nortel auction Nortel's CDMA and LTE wireless technology business goes up for auction on Friday, and at least three bids, ranging from $650 million through $730 million, are on the table. A winning bid for ...[more] |
| Canada examining investment provisions on Nortel sale He told Reuters he was not able to review anything under the act until there is an agreement of purchase and sale, but he has directed his officials to examine the issue. Clement also ...[more] |
| Samsung semiconductor unit swings to profit in second quarter Samsung Electronics Co Ltd said it expected the market for personal computers to grow by a high single digit percentage in the third quarter. (Reporting by Rhee So-eui and Marie-Franc ...[more] |
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