Austrian Court Finds BAWAG Bankers Guilty
VIENNA (Reuters) - A Vienna court sentenced nine people to prison on Friday for their roles in causing losses at Austrian bank BAWAG P.S.K. of as much as 1.7 billion
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Body of Taiwan Securities Firm Chief Found in Sea
TAIPEI (Reuters) - The embattled chairman of a major Taiwan securities firm was found dead in waters close to the island on Friday morning, the firm said, startling the financial
Delta, ExpressJet Ditch Regional Pact
NEW YORK (Reuters) - Delta Air Lines Inc <DAL.N> and ExpressJet Holdings Inc <XJT.N> said on Thursday they had ended the agreement under which ExpressJet provided Delta with some regional
Economy Casts Pall on Sun Valley Media Fest
NEW YORK (Reuters) - The deteriorating U.S. economy and slumping stock prices will frame discussions among top media and technology executives at the 26th annual Allen & Co confab in
New York Mulls Insurance Exchange Revival
HAMILTON, Bermuda (Reuters) - New York Insurance Superintendent Eric Dinallo is enlisting experts to examine the possibility of reviving the New York Insurance Exchange, which was seen as the U.S.
BA, American, Iberia Deal Possible Soon: Source
LONDON/NEW YORK (Reuters) - British Airways Plc <BAY.L>, AMR Corp's <AMR.N> American Airlines and Spain's Iberia <IBLA.MC> are close to forming a transatlantic partnership that would apply for antitrust immunity,
Judge Sentences Ex-Refco CEO to 16 Years in Prison
NEW YORK (Reuters) - Phillip Bennett, the former chief executive of Refco, was sentenced to 16 years in prison on Thursday for fleecing investors of more than $2.4 billion in
Staffing Shares Steady After Jobs Report
BOSTON (Reuters) - U.S. staffing and jobs services companies' shares were little changed on Thursday, after a government report showed employers cut jobs for the sixth straight month, but unemployment
Housing Market Seen Getting Worse
NEW YORK (Reuters) - An even gloomier scenario may be in store for an already ailing U.S. housing market if the overall economy slips into a recession, according to UBS
$6.5 Billion in Losses Seen For Airline Industry
(Reuters) - Calyon Securities's Ray Neidl widened his second-quarter and 2008 loss estimates for some large U.S. carriers, and forecast an industry-wide loss of about $6.5 billion for the year,