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Penn National Says Takeover Deal Terminated

PHILADELPHIA/NEW YORK (Reuters) - Casino and racetrack operator Penn National Gaming Inc <PENN.O> said on Thursday its $6.1 billion takeover pact has been terminated, marking the latest leveraged buyout to

July 4th, 2008

ECB Raises Key Rate to 4.25 Percent

FRANKFURT (Reuters) - The European Central Bank raised its key interest rate to 4.25 percent on Thursday, making its first increase in more than a year due to soaring inflation.

July 4th, 2008

French Court to Try US Airline Over Concorde Crash

PARIS (Reuters) - A French judge has ordered U.S. carrier Continental Airlines and five individuals to stand trial over the crash of an Air France Concorde that killed 113 people,

July 4th, 2008

U.S. Businessman Freed After 10 Years in China Jail

SHANGHAI (Reuters) - A U.S. businessman has been paroled after spending more than 10 years in a Chinese prison on charges of tax evasion and fraud, in a case top

July 4th, 2008

Don’t Blame the Buck For High Oil Price: Paulson

LONDON (Reuters) - A weaker dollar cannot be blamed for soaring oil prices as policymakers around the world tussle with the twin specters of rising inflation and slowing growth, U.S.

July 4th, 2008

Office Market Sees Rent Growth Evaporating

NEW YORK (Reuters) - U.S. office rent growth stalled in the second quarter and vacancies crept up, a trend that could portend rising loan defaults in the commercial real estate

July 4th, 2008

Clear Channel in $400 Million Deal With Limbaugh: Report

July 3 (Reuters) - Conservative talk radio host Rush Limbaugh signed an eight-year contract extension worth as much as $400 million with Clear Channel Communications Inc <CCU.N>, The New York

July 4th, 2008

More Firms Pull Asian IPOs as Markets Slide

HONG KONG/SINGAPORE (Reuters) - Two more firms shelved plans for initial public offerings (IPOs) in Asia, adding further gloom to a market which recently showed signs of a revival after

July 4th, 2008

American, Iberia, BA Plan Joint Venture: Report

(Reuters) - AMR Corp's <AMR.N> American Airlines, British Airways Plc <BAY.L> and Spain's Iberia <IBLA.MC> are close to applying for antitrust immunity to form a joint venture, the Financial Times

July 4th, 2008

More Small Businesses Plan to Hire in Q3: Survey

WASHINGTON (Reuters) - A small but growing number of U.S. small business owners expect job growth to pick up in the next three months as they see the economy inching

July 4th, 2008

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