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BRUSSELS (Reuters) - European Union finance ministers agreed to introduce legislation to oversee credit rating agencies after the U.S. subprime crisis highlighted the industry's failures.
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Reuters - WPP Group , the world's
second-largest advertising company, launched on Wednesday a
hostile bid worth 1.08 billion pounds ($2.13 billion) for
British market research firm Taylor Nelson Sofres . |
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LONDON (Reuters) - Retailers are in danger of becoming one of the leading victims of the credit crisis, with the cost of insuring their debt against default on the rise due to their exposure to heavily indebted consumers.
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TOYAKO, Japan (Reuters) - It is hard to know how far the global financial crisis still has to run, with the extent of further credit losses dependent on what happens to the U.S. housing sector, IMF chief Dominique Strauss-Kahn said on Wednesday.
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 Reuters - Oil rose a dollar on Wednesday,
recovering from a more than $5 fall a day ago, after Iranian
state media reported that the country had test-fired missiles
that could reach Israel and U.S. bases in the region.
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 Reuters - Advertising revenue from YouTube
is likely to total about $200 million this year and thus fall
short of parent company Google Inc's
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(Thomson Financial via COMTEX) -- TUIFF | Quote | Chart | News | PowerRating -- TUI AG.'s shareholder John Fredriksen has increased his offer to buy Russian billionaire Alexei Mordashov's 10 percent stake in the German shipping and tourism company, |
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LONDON (MarketWatch) -- Centrica (UK:CNA:UK:CNANews, chart, profile, moreLast: Delayed quote dataAnalyst Create alertInsiderDiscussFinancials Sponsored by:, , ) said Wednesday that it will acquire interests in a package of non-operated gas and oil assets |
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LONDON (MarketWatch) -- Advertising giant WPP said Wednesday that it will offer 173 pence in cash and 0.1889 of a new WPP share to buy media buying agency Taylor Nelson Sofres (UK:TNS:UK:TNSNews, chart, profile, moreLast: Delayed quote dataAnalyst Create |
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(Reuters) - WPP Group (WPP.L: Quote, Profile, Research), the world's second-largest advertising company, said it had formally launched a takeover bid worth 1.08 billion poundsfor British market research firm Taylor Nelson Sofres (TNS.L: Quote, Profile, |
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