July 21 (Bloomberg) -- CIT Group Inc.'s $3 billion financing pledge from bondholders may fail to shield the commercial lender from about $10 billion of debt maturing through next year, mounting loan ... July 21 (Bloomberg) -- Elan Corp. said its second-quarter loss unexpectedly narrowed after the Irish drugmaker and partner Biogen Idec Inc. boosted sales of their Tysabri multiple sclerosis treatment. AMMAN, Jordan ( MarketWatch) -- The Federal Reserve will act decisively to prevent excess money growth from stirring up inflation once the economy recovers, Fed Chairman Ben Bernanke said Tuesday in a commentary published in ... HONG KONG (Reuters) - Asian stocks scaled a 10-month peak on Tuesday after upbeat company earnings reassured investors that a US economic recovery is taking root, prompting a further shift into riskier assets and away from the ... Bizjournals.com - 2 hours ago Venture capitalists invested $96.9 million in Minnesota companies in the second quarter, down sharply from $157.4 million in the year-ago period, according to a report released Tuesday. July 21 (Bloomberg) -- Yahoo! Inc., trying to add users and advertisers, will introduce a redesigned home page today, its first major redesign of the site since 2006. July 21 (Bloomberg) -- The Boston Globe's largest union approved a contract for $10 million in annual cuts in a decision that may reduce losses at the newspaper and help owner New York Times Co. A Human Genome Sciences lab in Rockville. Benlysta, the company's experimental drug for lupus, passed a key test. (By Kevin Clark -- The Washington Post) Comments that include profanity or personal attacks or other inappropriate comments or material ... Digital downloads doomed brick-and-mortar music retailers like Tower Records and Virgin MegaStore. Now, booksellers are trying to stave off a similar fate by getting in the budding business of e-books. I've always thought that the guys running Goldman Sachs were really smart -- not only about making money, but also about projecting a classy image to the world outside Wall Street. Neil Barofsky, special inspector general for the Troubled Asset Relief Program, said: “Our goal is to bring transparency.” By FLOYD NORRIS Just how much could the bailout of the financial system end up costing American taxpayers? Forbes - 27 minutes ago Germany's largest bank fired two top executives after conducting an internal probe into whether the bank carried out surveillance on managers and a shareholder, the Wall Street Journal said, citing people familiar with the matter. HONG KONG -- Wynn Resorts Ltd. plans to publicly list its Macau assets in Hong Kong in the fourth quarter to raise between $1 billion and $2 billion, a person familiar with the situation said Tuesday. TOKYO, July 21 (Reuters) - Japan's Nikkei average climbed 2.7 percent to its highest close in two weeks as optimism grew about a recovery in the US economy, reviving investor appetite for riskier assets and lifting blue-chip exporters such as Canon Inc ... Wall Street Journal - 5 minutes ago TOKYO (Dow Jones)--Crude oil futures fell Tuesday in Asia, giving up most gains made during morning trade and overnight in New York as equity markets took a breather and market participants booked profits, observers said. TORONTO, July 20 (Reuters) - Bankrupt Nortel Networks (NRTLQ.PK), once one of the world's biggest technology companies, said on Monday it has agreed to sell its enterprise unit, which builds networks for companies, ... Washington Post - 1 hour ago Legg Mason of Baltimore posted its first quarterly profit since December 2007 after improving investment returns and ending losses on money-market funds. BBC News - 1 hour ago China's largest housing company is seeking to raise as much as 50.2bn yuan ($7.3bn; £4.5bn) in the world's biggest share issue so far this year. Bizjournals.com - 2 hours ago UnitedHealth Group Inc. has acquired the Northeast US licenses of Health Net Inc., the companies announced Monday. UnitedHealthcare, a unit of Minnetonka-based UnitedHealth Group, will acquire Health Net's insurance and HMO entities in Connecticut, ... After sweeping cost-cutting programs earlier this year, two major oil field services firms said Monday they are taking more steps to adjust the size of their operations in North America amid continued ... | | |
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