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Lehman Brothers Holdings Inc (LEH.N: Quote, Profile, Research, Stock Buzz) is not in talks for a sale of the firm nor is its Chief Executive Richard Fuld considering such a move, a person close to the company said on Wednesday.
Earlier, CNBC television...
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Package delivery company FedEx Corp posted a quarterly loss on Wednesday due to high fuel prices, a weak U.S. economy and a previously announced write-down, and issued a weak forecast for fiscal 2009.
The news sent the company’s shares down 5...
Morgan Stanley (MS.N: Quote, Profile, Research, Stock Buzz) said on Wednesday quarterly earnings dropped 57 percent on weak trading, investment losses and a slowdown in investment banking, even after it realized $1.43 billion in one-time gains.
Morgan...
The prime minister and defense minister of Israel have agreed to an Egyptian-brokered cease-fire with Hamas for the Gaza area starting Thursday, Israel Radio reported on Wednesday morning.
Egyptian and Hamas officials had already announced on Tuesday...
Explosives stowed in a minibus obliterated part of a bustling marketplace and set ablaze a crowded apartment building in the heavily Shiite Huriya district of northwest Baghdad, killing at least 51 people and wounding 75 late Tuesday afternoon, Iraqi...
Michelle Obama’s eyes flicker tentatively even as she offers a trained smile. As her campaign plane arcs over the Flathead Range in Montana, she is asked to consider her complicated public image.
Conservative columnists accuse her of being...
More than six weeks have passed since Cyclone Nargis swept through the Irrawaddy Delta in southern Myanmar, leaving a trail of flattened villages and broken lives and arousing international sympathy that turned to anguish as the military government...
The Army official who managed the Pentagon’s largest contract in Iraq says he was ousted from his job when he refused to approve paying more than $1 billion in questionable charges to KBR, the Houston-based company that has provided food, housing and...
Not long ago, Chinese officials sat across conference tables from American officials and got an earful.
The Americans scolded the Chinese on mismanaging their economy, from state subsidies to foreign investment regulations to the valuation of their...
GOVERNMENTS often get more than they bargained for when they hand control of major infrastructure to private equity companies.Australians had a lucky escape when private equity consortium Airline Partners Australia (APA) failed to get hold of Qantas...
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