UPDATE 2-PPG selling controlling interest in glass business
Stock Buzz ) said on Tuesday it would sell its automotive glass and services business to a new company formed by private equity firm Kohlberg & Co.
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CAW union head Hargrove to step down earlier
TORONTO, July 8 (Reuters) - Canadian Auto Workers union President Buzz Hargrove will step down from his position by mid-September, earlier than previously expected, the union said on Tuesday.
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UPDATE1-U.S. gasoline to average $3.84/gal this year - EIA
WASHINGTON, July 8 (Reuters) - Gasoline prices will remain above $4 a gallon for the rest of the year, while oil prices will continued to be pressured by the tight market for crude, the U.S. Energy...
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Housing agency expands mortgage aid program
WASHINGTON (Reuters) - The Federal Housing Administration will loosen its mortgage refinance program to help more delinquent borrowers and those facing hardships like job loss, the agency said on Tues...
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Activision-Vivendi merger will shake gaming biz
NEW YORK (Hollywood Reporter) - Let the games begin. Activision Inc shareholders Tuesday are expected to approve a merger with Vivendi Games that will allow the deal to close within days and create a ...
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UPDATE 2-Maguire agrees to sell California office property
Stock Buzz ) said on Tuesday it would sell Main Plaza, an office property in Orange County, California, to Shorenstein Properties LLC for about $211 million.
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FOREX-Dollar gains as Bernanke soothes financial markets
NEW YORK, July 8 (Reuters) - The dollar rebounded on Tuesday after Federal Reserve Chairman Ben Bernanke said the U.S. central bank may keep an emergency lending facility open beyond the end of the...
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  • Gold jumps 2 percent to fresh record highs

    TOKYO, March 17 (Reuters) - Gold prices jumped more than 2 percent on Monday to hit new all-time highs as the dollar tumbled and news of the acquisition of Bear Stearns (BSC.N:

  • Flight into cash good for banks too - Schroders

    LUXEMBOURG (Reuters) - Banks may have thought of their own pockets more than their clients when telling them to move money into safe cash deposits, in a bid to shore up liquidity and boost profit margins, a senior banker said.


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