Investors in Asia and Europe reacted with skepticism to the U.S. government’s latest plan to rescue its ailing financial industry. More: continued here
Investors in Asia and Europe reacted with skepticism to the U.S. government’s latest plan to rescue its ailing financial industry. More: continued here
The luxury homebuilder said first-quarter revenue fell 51% as potential homebuyers remain concerned about financial instability. More: continued here
CHICAGO—-Four free stock picks are being made available today on Zacks.com. The industry’s leading independent research firm highlights one Zacks #1 Rank Strong Buy or a Zacks #2 Rank Buy stock for each of the four main styles of investing: Aggressive Growth, Growth & Income, Momentum, and Value. More: continued here
Certicom said it was told by VeriSign that it wouldn’t match Research in Motion’s offer of C$3 a share. More: continued here
Japan’s three largest banks will tell Citigroup this week whether they want to bid for the company’s Tokyo-based brokerage unit, according to local media. More: continued here
The European drug company saw quarterly profits fall mainly because of a charge taken for discontinuing two experimental cancer drugs. More: continued here
Morgan Stanley and Japanese bank Mitsubishi UFJ have reached a basic agreement to merge their brokerage businesses in Japan, a report says. More: continued here
The Swiss bank reported a fourth-quarter loss of 6.02 billion Swiss francs ($5.2 billion) as it recorded large writedowns. More: continued here
The world’s largest mobile phone maker also announced temporary layoffs of some 2,500 workers at another plant in southern Finland. More: continued here
The insurer is in talks to sell its U.S. auto insurance business, 21st Century Insurance, to Zurich Financial Services, reports say. More: continued here