SEATTLE (Reuters) - Yahoo Inc said it may take "quite a bit of time" to weigh its strategic options, including keeping the company independent, following Microsoft Corp's $45 billion offer to buy the company.
SYDNEY (Reuters) - With his formal training in geology, Tom Albanese could be excused for believing he'd struck the mother lode after orchestrating a bump-free $38 billion acquisition of Alcan just six months into his new job as chief executive of Rio Tinto, the world's second-largest mining house.
CHICAGO (Reuters) - U.S. government prosecutors are investigating whether Swiss banking giant UBS misled investors by reporting inflated prices of mortgage-backed securities it held despite knowing those valuations had eroded, the Wall Street Journal said on Saturday.
PARIS (Reuters) - Societe Generale laid out its defense ahead of a high-profile money laundering trial due to begin in Paris on Monday, which could put further pressure on the French bank as it grapples with the effects of a trading scandal.
WASHINGTON (Reuters) - U.S. employers cut payrolls for the first time in 4-1/2 years in January, the Labor Department said on Friday in a report that showed the slowing economy was at growing risk of sliding into recession.
PARIS (Reuters) - A senior adviser to French President Nicolas Sarkozy said France remained opposed to any hostile bid for Societe Generale , the French bank hit by a trading scandal.
NEW YORK (Reuters) - Exxon Mobil Corp said on Friday record oil prices propelled its quarterly and yearly profits to the highest-ever levels by a U.S. company.
LONDON (Reuters) - Egg,the Internet bank owned by Citigroup , will withdraw credit cards from 161,000 customers following a risk review, a spokesman for Egg said on Saturday.
NEW YORK (Reuters) - A group of large banks has joined together to find ways to shore up Ambac Financial Group Inc , a large bond insurer battered by the global credit crunch, two people briefed on the talks said on Friday.
HONG KONG (Reuters) - Whoever first thought of boiling investment decisions down to a simple trade-off between "risk and reward" should try fathoming the world's two most populous markets.
