Legg manager unsure if will support Icahn versus Yahoo
CHICAGO (Reuters) - A portfolio manager at Legg Mason Capital Management, Yahoo Inc’s third largest shareholder, said on Friday he is not sure if he will support activist investor Carl Icahn’s board slate.
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Legg manager unsure if will support Icahn versus Yahoo
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Anheuser-Busch lays out plan after rejecting InBev
CHICAGO/BRUSSELS (Reuters) - Anheuser-Busch Cos Inc on Friday laid out a plan to cut $1 billion in costs and improve earnings as it tries to convince investors that InBev NV’s $46.3 billion offer for the largest U.S. brewer was too low.
Credit:Anheuser-Busch lays out plan after rejecting InBev
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Oil near new high above $142 as equities wilt
LONDON (Reuters) - Oil held near a record high of more than $142 a barrel on Friday, extending gains after surging nearly 4 percent in the previous session, as tumbling global stock markets helped to trigger a wider commodities rally.
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Wall St drops on record oil, bank worry
NEW YORK (Reuters) - Stocks fell on Friday as record oil prices and fears of more credit losses in the financial sectors extended Thursday’s losses and put the Dow on the verge of entering a bear market for the first time since 2001.
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Inflation and job losses keep consumers glum
NEW YORK (Reuters) - Consumer confidence fell more than expected in June, hitting another 28-year low as surging prices and mounting job losses contributed to a bleak outlook, according to a survey released on Friday.
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Consumers’ mood grim in June: survey
NEW YORK (Reuters) - consumer confidence fell more than expected in June, hitting another 28-year low as surging prices and mounting job losses sapped sentiment, according to a survey released on Friday.
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Fed mulled risks from dealer window, minutes show
WASHINGTON (Reuters) - Federal Reserve officials worried in March about credit risk to their own institution when launching a lending facility to shield bond dealers from the credit woes that felled Bear Stearns, minutes of emergency meetings in mid-March released on Friday showed.
Read the rest here: Fed mulled risks from dealer window, minutes […]
Legg manager unsure if will support Icahn vs Yahoo
CHICAGO (Reuters) - A portfolio manager at Legg Mason Capital Management, Yahoo Inc’s third largest shareholder, said on Friday he is not sure if he will support activist investor Carl Icahn’s board slate.
Source:Legg manager unsure if will support Icahn vs Yahoo
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Merrill may write down $5.4 billion in Q2: Lehman
NEW YORK/BANGALORE (Reuters) - Merrill Lynch & Co will likely incur $5.4 billion of write-downs in the second quarter, mainly from its exposure to bond insurers, said an analyst at Lehman Brothers.
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Consumer spending jumps as stimulus checks land
WASHINGTON (Reuters) - Personal spending rose by a more-than-expected 0.8 percent in May as government stimulus checks bolstered household budgets, government data on Friday showed, while a key gauge of inflation stayed tame.
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Wall St inches up at open on economic data
NEW YORK (Reuters) - Stocks inched higher at the open on Friday as a muted reading in a key inflation gauge and signs that consumer spending held up in May tempered worries about record oil and the health of banks.
Excerpt from:Wall St inches up at open on economic data
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Anheuser-Busch sees profit above analysts’ view
CHICAGO (Reuters) - Anheuser-Busch Cos Inc on Friday forecast 2008 earnings above analysts’ estimates as it laid out a cost-cutting plan and explained its reasons for rejecting InBev NV’s $46.3 billion bid.
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May personal spending jumps 0.8 percent
WASHINGTON (Reuters) - Personal spending rose by a more-than-expected 0.8 percent in May as government stimulus checks bolstered household budgets, government data on Friday showed.
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Oil jumps to new above $142 as equities wilt
LONDON (Reuters) - Oil leapt to a new record high above $142 a barrel on Friday, extending gains after surging nearly 4 percent in the previous session, as tumbling global stock markets helped to trigger a wider commodities rally.
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InBev plays tough, but friendly Bud deal seen
BRUSSELS (Reuters) - InBev weighed up its next move on Friday after turning tough with reluctant bid target Anheuser-Busch to pressure the Budweiser brewer’s shareholders, although analysts do not see a hostile bid yet.
See more here: InBev plays tough, but friendly Bud deal seen
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