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Archive March/2008


IMF Board to Back Overhaul of Members’ Voting Power

WASHINGTON (Reuters) - The International Monetary Fund board on Friday will recommend a landmark overhaul in the voting power of member countries, with emerging economies saying they will settle for

March 29th, 2008 | Categories: Investment

Countrywide Exec Gets $28 Million From Bank of America

NEW YORK (Reuters) - Bank of America Corp <BAC.N> agreed to pay David Sambol, COO of takeover target Countrywide Corp <CFC.N> $28 million, considerably more than its own CEO received

March 29th, 2008 | Categories: Investment

Noble International Slashes 2008 Outlook as Has Q4 Loss

NEW YORK (Reuters) - Noble International Ltd <NOBL.O>, which provides parts, component assemblies and services to the auto industry, slashed its 2008 forecast on Thursday, citing a drastic decline in

March 29th, 2008 | Categories: Investment

California May Create Bond Insurer, Rival Buffett

NEW YORK (Reuters) - California Treasurer Bill Lockyer is exploring the possibility of having state pension funds create a new bond insurer, his spokesman said on Thursday.

March 29th, 2008 | Categories: Investment

Citigroup Sued Over Auction Rate Securities

NEW YORK (Reuters) - Citigroup Inc <C.N> was sued on Thursday by two clients accusing the financial institution of failing to properly disclose the risks of investing in auction rate

March 29th, 2008 | Categories: Investment

Wall Street Drives White House Campaign Cash Flow

WASHINGTON (Reuters) - Eight of the 10 largest donors so far to the U.S. presidential campaigns are Wall Street banks, led by Goldman Sachs, according to research on Thursday from

March 29th, 2008 | Categories: Investment

Finish Line Reports Loss, Books Merger Costs

LOS ANGELES (Reuters) - Athletic shoe retailer Finish Line Inc <FINL.O> posted a quarterly loss on Thursday as it booked $81.5 million in costs related to its scuttled merger with

March 29th, 2008 | Categories: Investment

Fed Sets Public Hearings on BofA-Countrywide Deal

WASHINGTON (Reuters) - The Federal Reserve Board on Thursday took the unusual step of scheduling public hearings in Chicago and Los Angeles next month to get comments on the pros

March 29th, 2008 | Categories: Investment

Steelcase Posts Higher Profit But Misses Estimates

NEW YORK (Reuters) - Office furniture maker Steelcase Inc <SCS.N> reported higher quarterly profit on Thursday but fell short of Wall Street estimates, hurt by slowing industry growth and inflation.

March 29th, 2008 | Categories: Investment

Accenture Profit Gains, Raises Outlook; Shares Up

SAN FRANCISCO (Reuters) - Accenture Ltd <ACN.N> posted a higher-than-expected quarterly profit on Thursday on strong consulting and outsourcing demand and increased its full-year earnings forecast, sending the technology services

March 29th, 2008 | Categories: Investment

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