Finance Today

Kraft nears deadline to raise Cadbury offer (AP)

admin — Mon, 18 Jan 2010 23:00:01 +0000

Shareholders in British candy maker Cadbury PLC are looking for a fat increase in the hostile takeover bid by Kraft Foods Inc., as Kraft faces a Tuesday deadline for changes to its bid.

What’s in a cigarette? FDA to study ingredients (AP)

admin — Mon, 18 Jan 2010 23:00:01 +0000

The Food and Drug Administration is working to lift the smokescreen clouding the ingredients used in cigarettes and other tobacco products.

Reports: Kraft to sweeten its offer for Cadbury (AP)

admin — Mon, 18 Jan 2010 03:00:03 +0000

Kraft Foods Inc. is expected to sweeten its offer for Cadbury PLC, in an effort to remain in the running as it faces a potential competing bid from Hershey Co. for the British candy maker, according to media reports.

Saudi billionaire eyes new links with News Corp. (AP)

admin — Mon, 18 Jan 2010 03:00:03 +0000

The Saudi billionaire whose investment firm is one of the biggest stakeholders in Rupert Murdoch’s News Corp. said he is looking to expand his alliances with the media giant, in the latest indication that his appetite for growth remains robust even as his company retrenches.

For health care, a frantic ride in the final days (AP)

admin — Sun, 17 Jan 2010 07:00:02 +0000

Like a roller-coaster ride on its last twisting turns, President Barack Obama’s campaign to remake health care is barreling into final days of breathless suspense and headlong momentum.

AP Exclusive: Tobacco’s plea - no big US payments (AP)

admin — Sun, 17 Jan 2010 07:00:02 +0000

Tobacco industry lawyers met secretly with Solicitor General Elena Kagan in an effort to avoid the government’s last-ditch attempt to extract billions from companies that illegally concealed the dangers of cigarette smoking, The Associated Press has learned.

Treasury chief: UK rules out US-style bank tax (AP)

admin — Sat, 16 Jan 2010 11:00:03 +0000

Britain will not copy President Barack Obama’s tax on banks that were bailed out by the taxpayer, Treasury chief Alistair Darling said in an interview published Saturday.

Taiwan to allow Chinese investment in bourse (AP)

admin — Sat, 16 Jan 2010 11:00:02 +0000

Taiwan will allow China’s institutional investors to invest up to $500 million in the island’s stock market, the government said Saturday, in its latest step to relax control on trade and investment with its rival.

Industrial production rises in December (AP)

admin — Fri, 15 Jan 2010 15:00:07 +0000

Industrial production rose 0.6 percent in December as unusually cold weather helped energy utilities offset a small drop in manufacturing.

FedEx to raise freight prices by 5.9 percent (AP)

admin — Fri, 15 Jan 2010 15:00:05 +0000

FedEx says it will raise prices at its freight and national trucking unit by 5.9 percent on Feb. 1. These rate increases apply to the company’s less-than-truckload shipments, where a number of smaller loads from a variety of shippers are consolidated on a single truck for final delivery.

Obama tells banks: `We want our money back’ (AP)

admin — Thu, 14 Jan 2010 19:00:03 +0000

President Barack Obama told banks Thursday they should pay a new tax to recoup the cost of bailing out foundering firms at the height of the financial crisis. “We want our money back,” he said.

Stocks up modestly as business inventories edge up (AP)

admin — Thu, 14 Jan 2010 19:00:03 +0000

The stock market rose modestly in afternoon trading Thursday, after the government said businesses increased inventories by a larger-than-expected amount in November.

Market advances as financials, pharma rebounds (AP)

admin — Wed, 13 Jan 2010 23:00:03 +0000

The stock market closed higher Wednesday, led by gains in shares of banks and drugmakers, while energy companies were held back by a drop in crude oil.

Bankers apologize for actions that led to crisis (AP)

admin — Wed, 13 Jan 2010 23:00:03 +0000

Challenged by a skeptical special commission, top Wall Street bankers apologized Wednesday for risky behavior that led to the worst financial crisis since the Great Depression. But they still declared it seemed appropriate at the time.

Asian automakers face battle to keep US dominance (AP)

admin — Wed, 13 Jan 2010 03:00:03 +0000

Asian automakers grabbed their biggest chunk ever of the U.S. car and truck market in 2009, but they’ll struggle to build on that momentum this year as rivals in Detroit offer a fleet of efficient, small cars.