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Reuters: Business News
Updated : Fri, 08 Aug 2008 02:01:23 -0400
Google admits its AOL investment may be impaired
SAN FRANCISCO (Reuters) - Google Inc's 5 percent stake in Time Warner Inc's AOL unit may be worth less than the $1 billion the Web company paid for it in 2006, Google warned in a regulatory filing on Thursday.
Publ.Date: Thu, 07 Aug 2008 21:17:36 -0400
Source: Reuters
Banks renew plea for expanded short sale rule
WASHINGTON (Reuters) - A banking group has renewed its plea to the Securities and Exchange Commission to broaden a rule aimed at curbing abusive short selling and market manipulation.
Publ.Date: Thu, 07 Aug 2008 17:54:53 -0400
Source: Reuters
Supply crunch may bring $200 oil in 5-10 yrs: study
LONDON (Reuters) - The world faces a serious oil supply crunch within five to 10 years that may drive prices up to more than $200 a barrel, a British think tank said on Friday.
Publ.Date: Thu, 07 Aug 2008 19:04:32 -0400
Source: Reuters
Citigroup and Merrill to buy back auction-rate debt
NEW YORK (Reuters) - Citigroup and Merrill Lynch said they would buy back billions of dollars of illiquid auction-rate securities from retail clients, and Citigroup agreed to pay a $100 million fine to settle charges it fraudulently misled investors about the debt's risk.
Publ.Date: Fri, 08 Aug 2008 00:29:17 -0400
Source: Reuters
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