NEW YORK (Reuters) - Hedge fund Pardus Capital Management LP, lobbying for a merger between Delta Air Lines Inc and UAL Corp , plans to pitch its proposal to other investors on Friday, sources close to the situation told Reuters.
NEW YORK (Reuters) - Rupert Murdoch's plan to stop charging for access to The Wall Street Journal's Web site looks certain to increase online profits but could hurt other parts of Dow Jones & Co Inc business.
NEW YORK (Reuters) - U.S. stocks rose on Friday after a day of sharp price swings, helping the S&P 500 narrowly avert a third straight week of losses as bargain-hunting lifted the beaten-down technology sector while shares of oil companies advanced on buoyant crude prices.
NEW YORK (Reuters) - Fannie Mae shares plunged as much as 12 percent to their lowest in more than a decade on Friday after the company on a conference call failed to calm investors' concerns about loss accounting.
NEW YORK (Reuters) - Let the holiday shopping madness begin ... please? That is the silent plea coming from U.S. retailers, which are gearing up for "Black Friday", the chaotic and competitive day after Thanksgiving (November 22) when stores offer eye-popping, limited-time deals to kick off the holiday shopping season.
NEW YORK (Reuters) - Bond insurers may suffer "an appreciable loss" due to their exposure to subprime mortgage debt, putting at risk their top rating that is critical to their business, Barclays Capital said on Friday.
NEW YORK (Reuters) - Two top Federal Reserve officials on Friday suggested the U.S. economy is unlikely to need lower borrowing costs even as it navigates a possibly rocky stretch in the economy.
LONDON (Reuters) - Ailing British bank Northern Rock said Chief Executive Adam Applegarth had quit and it had streamlined its board as two suitors confirmed they had made proposals to buy or revive the bank and repay its loans.
LONDON (Reuters) - The impact of the U.S. mortgage market crisis on the underlying economy could be "dramatic" as leveraged investors may need to scale back lending by up to $2 trillion, according to investment bank Goldman Sachs .
