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Archive for February 1st, 2008Yahoo bid a prize assignment for bankersPosted by UK Economy News
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1Feb 08 Microsoft Corp's $44.6 billion (22.4 billion pound) bid to acquire Yahoo Inc marked a coup for the companies' advisers and gave a surprise boost to Blackstone Group and Lehman Brothers in the closely watched rankings of financial advisers.
Read full story Wal-Mart prepares small U.S. stores to fend off TescoPosted by UK Economy News
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1Feb 08 Wal-Mart Stores Inc is actively working to open its first small-scale grocery stores in Arizona, according to city planning officials, as the world's largest retailer looks to fend off competition from supermarket rival Tesco .
Read full story Comments Off Yahoo bid a prize assignment for bankersPosted by UK Economy News
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1Feb 08 Microsoft's $44.6 billion (22.4 billion pound) bid to acquire Yahoo marked a coup for the companies' advisers and gave a surprise boost to Blackstone Group and Lehman Brothers in the closely watched rankings of financial advisers.
Read full story Comments Off News Corp not interested in YahooPosted by UK Economy News
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1Feb 08 News Corp is not interested in bidding for Yahoo, a News Corp source said on Friday.
Read full story Comments Off US economy loses jobs for first time since 2003Posted by UK Economy News
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1Feb 08 The US economy suffered 17,000 job losses in January marking the first monthly losses since 2003, a government snapshot showed Friday in a fresh sign of brewing economic trouble.
Read full story Comments Off ExxonMobil tops record with 40.6-bln-dlr profit in 2007Posted by UK Economy News
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1Feb 08 ExxonMobil reported Friday the largest US corporate annual profit in history at 40.6 billion dollars, benefiting from surging crude oil prices on strong demand, particularly in China and India.
Read full story Comments Off General Electric says it is dropping Colonial bid moves for nowPosted by UK Economy News
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1Feb 08 Shares in Spanish property giant Colonial closed sharply lower Friday after US conglomerate General Electric said it was putting a bid for the firm on hold because it could not gain access to the company's books.
Read full story Comments Off Dubai and Aston Martin top bonus season wish listPosted by UK Economy News
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1Feb 08 Bad bets on subprime mortgages might have blown mansion-sized holes in the balance sheets of some big banks, but bankers are not scaling back their plans for splurging this bonus season, according to Trader Monthly.
Read full story Comments Off FactboxPosted by UK Economy News
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1Feb 08 Microsoft offered to buy Yahoo, the popular Web portal, for $44.6 billion (22.4 billion pounds) in cash and stock, seeking to join forces against Google in what would be the biggest Internet deal since the Time Warner-AOL merger.
Read full story Comments Off Alitalia says it will sharply reduce flights from Milan to cut costsPosted by UK Economy News
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1Feb 08 Financially-strapped Italian airline Alitalia said Friday it would sharly cut back on flights from Milan-Malpensa airport in late March in order to reduce costs.
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