Back in the '60s, when the musical "Hair" was heralding the dawning of the Age of Aquarius, the popular catchphrase was "What's your sign, man?" But with Hair now a nostalgic memory (in my case literally) and boomers more concerned about retirement than about Jupiter aligning with Mars, the new mantra is "What's your number?"
Oil prices declined Tuesday as investors wrestled with ongoing concerns about falling global demand and worries about supply disruption in Eastern Europe.
Thanksgiving has just passed; the year-end holidays are around the corner. So in the spirit of the season, I've got a gift for you. Sort of. It's not spiritual or religious and doesn't even involve food. It's about money. To be specific, it's a way that average investors may one day be able to defer taxes on interest and dividends, unless Washington closes a newly opened loophole.
Banking giant Barclays says it has taken a £1.3 billion (€1.8 billion; U.S.$2.7 billion) hit amid the turmoil in credit markets, with an £800 million write-down last month alone.
Earnings warnings from the retail and tech sector plagued U.S. stocks at the start of trading Thursday.
Try to find a company these days that doesn't say it's doing good for the world. After all, with trillions of dollars flowing into socially responsible investment funds and government regulators looming, what CEO doesn't have a ready list of charities or causes that the company supports to brandish in its favor?
A consortium led by Royal Bank of Scotland claimed victory Monday in its takeover of Dutch bank ABN Amro, bringing an end to the biggest banking deal ever.
The biggest banking deal ever is poised to close as shareholders of Dutch bank ABN Amro are expected to back a $101 billion takeover by a group led by Royal Bank of Scotland.
The $101 billion battle for Dutch bank ABN Amro, the biggest banking buyout ever, is coming to a close, according to a published report.
ABN Amro's board will not recommend either of the two rival takeover bids the Dutch bank has received, it told shareholders Sunday.
Back in the '60s, when the musical "Hair" was heralding the dawning of the Age of Aquarius, the popular catchphrase was "What's your sign, man?" But with Hair now a nostalgic memory (in my case literally) and boomers more concerned about retirement than about Jupiter aligning with Mars, the new mantra is "What's your number?"
Oil prices declined Tuesday as investors wrestled with ongoing concerns about falling global demand and worries about supply disruption in Eastern Europe.
Thanksgiving has just passed; the year-end holidays are around the corner. So in the spirit of the season, I've got a gift for you. Sort of. It's not spiritual or religious and doesn't even involve food. It's about money. To be specific, it's a way that average investors may one day be able to defer taxes on interest and dividends, unless Washington closes a newly opened loophole.
Banking giant Barclays says it has taken a £1.3 billion (€1.8 billion; U.S.$2.7 billion) hit amid the turmoil in credit markets, with an £800 million write-down last month alone.
Earnings warnings from the retail and tech sector plagued U.S. stocks at the start of trading Thursday.
Try to find a company these days that doesn't say it's doing good for the world. After all, with trillions of dollars flowing into socially responsible investment funds and government regulators looming, what CEO doesn't have a ready list of charities or causes that the company supports to brandish in its favor?
A consortium led by Royal Bank of Scotland claimed victory Monday in its takeover of Dutch bank ABN Amro, bringing an end to the biggest banking deal ever.
The biggest banking deal ever is poised to close as shareholders of Dutch bank ABN Amro are expected to back a $101 billion takeover by a group led by Royal Bank of Scotland.
The $101 billion battle for Dutch bank ABN Amro, the biggest banking buyout ever, is coming to a close, according to a published report.
ABN Amro's board will not recommend either of the two rival takeover bids the Dutch bank has received, it told shareholders Sunday.
Shareholders of Barclays PLC approved a bid for ABN Amro Holding NV by a 9-to-1 margin Friday, though success of the offer remained far from certain in the face of a higher, rival bid.
Barclays, the British bank in a bidding war for ABN Amro Holding, said Monday that its securities unit "traded profitably" last month, easing fears that the bank was overexposed to the credit crisis that has swept global markets.
Barclays PLC has tapped the Bank of England for an emergency loan for the second time this month, borrowing $3.2 billion after a failure in a trading system, according to a person familiar with the transaction.
British bank Barclays denied a report Tuesday that failed debt vehicles structured by its investment banking arm had left it with exposure worth hundreds of millions of dollars, playing down growing concerns.
British bank Barclays denied on Tuesday that failed debt vehicles structured by its investment banking arm had left it with an exposure worth hundreds of millions of dollars, playing down growing concerns.
European share prices fell in early trading on Tuesday, taking their cue from weaker U.S. stock markets and led by British bank Barclays after a newspaper report about its exposure to failed debt vehicles.
Stocks slumped Tuesday afternoon as investors considered weak reports on housing and consumer confidence, the minutes from the last Federal Reserve policy meeting and the latest signs of mortgage and credit market turmoil.
European shares snapped a seven-day rally on Tuesday as concern resurfaced about the impact of tight liquidity and high volatility on the corporate sector.
Stocks slumped early Tuesday afternoon, building on the previous session's decline, as investors mulled dour reports on housing and consumer confidence and further signs of turmoil in the mortgage and credit markets.
Stocks slumped Tuesday morning, building on the previous day's decline, as investors mulled a dour housing market report, a drop in consumer confidence and further signs of turmoil in the mortgage and credit markets.
Stocks fell for the second straight session early Tuesday as renewed credit crunch fears again kept investors jittery on Wall Street.
Steve Stricker overcame a bogey at the first hole by firing seven birdies to claim a one-stroke lead over South Korean KJ Choi after the Barclays Classic third round on Saturday.
U.S. stocks are set for another rough day Friday on new worries about a credit crunch putting a squeeze on corporate deals, although a report showing good demand for big ticket items could help trading at the open.
European shares moved in and out of negative territory on Friday as gains in mining and oil stocks offset weaker financial shares, while concerns persisted that problems in the U.S. mortgage market could spread.
A senior official in charge of a structured finance team at Barclays Capital, the investment banking arm of British bank Barclays Plc, has quit amid the recent credit market turmoil, a source familiar with the matter said.
A senior banker in charge of complex debt vehicles at Barclays Capital quit this week amid the global credit crisis, according to published reports.
Tiger Woods has decided to miss next week's Barclays Classic outside New York, the first of four big-money playoff events that will crown the inaugural FedExCup champion.
Belgian-Dutch financial services group Fortis won overwhelming initial support from shareholders on Monday for its part of a three-bank bid to buy ABN AMRO in the biggest ever bank takeover battle.
British bank Barclays Plc said it remains confident its takeover bid for Dutch rival ABN AMRO will succeed but acknowledges that much will depend on its share price in the next two months.
Dutch bank ABN Amro withdrew its recommendation of a takeover by Barclays, leaving it neutral between the British bank's offer and a higher bid from Royal Bank of Scotland's consortium.
The U.S. credit markets opened with an "extremely negative tone" on Monday, with credit default swaps sharply wider amid fears that fallout from subprime mortgage losses is spreading, according to Barclays.
The biggest takeover battle in banking history gets even bigger as Asia enters the fight for ABN Amro
Barclays PLC said Monday it would increase its offer for ABN Amro Holding NV to $93.2 billion with the help of Asian financial partners.
British bank Barclays has raised its offer for ABN Amro to €67.5 billion ($93 billion) and included some cash, helped by major investment from state authorities in China and Singapore.
Barclays PLC may have tallied big losses in a Bear Stearns hedge fund that invested in risky mortgages, The Wall Street Journal reported on Saturday.
Barclays would make a better merger candidate with ABN AMRO than a bid by a group led by Royal Bank of Scotland aimed at breaking up the Dutch bank, a Dutch newspaper quoted ABN's chief executive as saying on Saturday.
Oil rose Wednesday after two days of losses, as investors awaited weekly U.S. inventory data expected to show refineries running harder to churn out more gasoline.
Barclays Bank is confident of winning the bid battle for Dutch bank ABN AMRO NV, a senior Barclays executive said Tuesday.
The Dutch Supreme Court will issue its ruling on ABN AMRO's suspended sale of its U.S. unit LaSalle on Friday and the decision could sway an acrimonious takeover battle for the Dutch bank.
NYSE Euronext is investigating trading in ABN Amro that occurred around the time when the Dutch bank announced it was in merger talks with British bank Barclays, according to a report in the Wall Street Journal.
Progress made by Britain's Barclays in its offer for ABN AMRO demonstrates its ability to offer the Dutch bank's shareholders "certainty and deliverability," Chief Executive John Varley said on Wednesday.
JERSEY CITY, N.J. (AP) -- The PGA Tour's Barclays tournament will be played at the recently completed Liberty National course in 2009.
Bonds prices edged higher Thursday after a report indicated that the trade deficit widened more than expected, suggesting a softening economy.
Dutch bank ABN Amro agreed Monday to be bought by British bank Barclays in a deal valued at $91 billion, which would be the biggest deal ever in the financial sector.
Stocks gained Tuesday, rising for a second straight session as investors welcomed a strong report on housing amid the two-day Federal Reserve policy meeting currently underway.
Stocks gained Tuesday afternoon, climbing for a second session as investors welcomed a strong report on housing amid the two-day Federal Reserve policy meeting currently underway.
Merger talks between Barclays of Britain and ABN AMRO of the Netherlands could lead to the biggest banking deal in European history and spark another round of consolidation in the industry, analysts said Tuesday.
A strong report on housing starts and some strength in technology boosted stocks Tuesday afternoon, however gains were limited by concerns about the Federal Reserve policy meeting, due to start later this afternoon.
Here are some of the stocks actively trading on Tuesday:
Stocks gained early Tuesday afternoon as investors welcomed a strong report on housing starts. However, gains were limited by concerns about the Federal Reserve policy meeting, which will start later this afternoon.
Prize money for the 2007 Scottish Open tournament will rise by £500,000 ($974,949) to £3 million ($5.84m), the European Tour said on Monday.
Corporations have developed an edifice complex once again.
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Barclays Plc ranks no. 103 on FORTUNE's Global 500 this year, with $50.6 billion in revenues, up 28.7% from the previous year. The London, Britain-based company was ranked no. 110 on the 2005 list. Its 2005 profits were $6.3 billion, up 4.6% from a year earlier. 2005 was a banner year for most Global 500 companies.
Barclays Plc ranks no. 103 on FORTUNE's Global 500 this year, with $50.6 billion in revenues, up 28.7% from the previous year. The London, Britain-based company was ranked no. 110 on the 2005 list. Its 2005 profits were $6.3 billion, up 4.6% from a year earlier. 2005 was a banner year for most Global 500 companies.
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