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Archive March/2008


JPMorgan Battles to Integrate Unraveling Bear Stearns

NEW YORK (Reuters) - JPMorgan Chase & Co's <JPM.N> biggest challenge in integrating Bear Stearns Cos <BSC.N> may be making sure there's still something left to integrate.

March 29th, 2008 | Categories: Investment

Xerox to Pay $670 Million in Securities Case

NEW YORK (Reuters) - Xerox Corp <XRX.N> said on Thursday it would pay $670 million to settle a securities lawsuit from 2000, without admitting any wrongdoing.

March 29th, 2008 | Categories: Investment

Markets Nervous: Will U.S. Plant Enough Corn?

WHITE CLOUD, Kansas (Reuters) - Kansas farmer Ken McCauley wants to help keep the world from going hungry next year, so he's planting corn: lots and lots of corn.

March 29th, 2008 | Categories: Investment

Fed, Central Banks Act on Credit Needs

NEW YORK/FRANKFURT (Reuters) - The U.S. Federal Reserve prepared to pump $75 billion into frozen credit markets following moves by European central banks on Thursday to help lenders who scrambled

March 29th, 2008 | Categories: Investment

Fed Policy-maker Warns of Recession

CHATTANOOGA, Tenn (Reuters) - The U.S. economy could be slipping into recession and the Federal Reserve must cushion the pain, a top Fed policy-maker said on Thursday in remarks supporting

March 29th, 2008 | Categories: Investment

Harvard Names Mendillo as New Investment Chief

BOSTON (Reuters) - Harvard University named Jane Mendillo, who built her resume in the endowment world, to oversee the school's $35 billion portfolio on Thursday after its former top money

March 29th, 2008 | Categories: Investment

JetBlue Founder to Start New Airline in Brazil

SAO PAULO (Reuters) - JetBlue Airways <JBLU.O> founder David Neeleman unveiled plans on Thursday for a new low-cost airline in Brazil's fast-growing aviation market, saying he had already raised $150

March 29th, 2008 | Categories: Investment

Lehman’s Stock Drops Amid Rumors

NEW YORK (Reuters) - Shares of Lehman Brothers <LEH.N> fell by nearly 10 percent in early New York trading on Thursday on rumors that the fourth largest U.S. investment bank

March 29th, 2008 | Categories: Investment

Nortel to Rethink R&D Work Plans, Executive Says

OTTAWA (Reuters) - Nortel Networks Corp <NT.TO> <NT.N>, North America's biggest telephone equipment maker, will soon announce an overhaul of what research and development work it does and where it

March 29th, 2008 | Categories: Investment

AMR, Delta Cancel Hundreds of Flights For Inspection

CHICAGO (Reuters) - American Airlines <AMR.N> and Delta Air Lines <DAL.N> canceled hundreds of flights on Thursday as they pulled aircraft from service to comply with a government directive for

March 29th, 2008 | Categories: Investment

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