Archive for April, 2008

Jeffries Group sells Leucadia a 14% stake

Tuesday, April 22nd, 2008

New York-based investment firm Jefferies Group Inc., faced with a sharp decline in investment banking and other revenue, has agreed to sell a roughly 14 percent stake in itself as part of a deal to raise funds for future investment. ...

Wal-Mart No. 1 on Fortune 500 list, Exxon No. 2

Tuesday, April 22nd, 2008

Despite a dramatic decline in U.S. consumer spending, Wal-Mart Stores Inc. remains at the pinnacle of the 2008 Fortune list, edging Exxon Mobile Corp. for the second consecutive year in the magazine's annual ranking of America's largest pub ...

No nationalization of mines, says Ecuador

Tuesday, April 22nd, 2008

Ecuador's Oil Minister Galo Chiriboga on Monday denied reports of any government plans to nationalize the country's mines. Ecuador's Congress passed a decree last Friday announcing the revoking of 80 percent of unexploited mining fr ...

1st day of North American leaders’ summit highlights NAFTA

Tuesday, April 22nd, 2008

Leaders from the United States, Canada and Mexico focused their first day of summit in New Orleans, United States, Monday on issues concerning the North American Free Trade Agreement (NAFTA). U.S. President George W. Bush met his Me ...

Mobile banking popular among "Generation Y"

Tuesday, April 22nd, 2008

A study found that 21 percent of U.S. consumers age 18-34 use their cell phone for mobile banking transactions, compared to about 10 percent of the general population, media reported Tuesday. Most Americans are still hesitant about ...

Tokyo stocks open lower

Tuesday, April 22nd, 2008

Tokyo stocks declined Tuesday morning. The 225-issue Nikkei Stock Average lost 153.74 points, or 1.12 percent, from Monday to 13,542.81. The broader Topix index of all First Section issues on the Tokyo Stock Exchange was down 18 ...

Australian official vows to ensure safety of torch relay

Tuesday, April 22nd, 2008

Australian Capital Territory (ACT) Chief Minister Jon Stanhope has pledged to make everything ready to ensure the safety of the Olympic torch relay which will begin in the country on Thursday. In a recent exclusive interview with Xi ...

Withdrawal of Malaysian peacekeepers might rekindle clashes in S Philippines, gov’t warns

Tuesday, April 22nd, 2008

The Philippine troops and anti-government rebels might break cease-fire and resume decades-old deadly clashes once Malaysian peacekeepers are pulled out from the southern Philippines, Manila's senior official said Tuesday. Rodolfo G ...