Financial News

Midwest Air Group December traffic rose 4.3% - AFX - Fri 11 Jan, 02:01 PM
NEW YORK (Thomson Financial) - Midwest Air Group Inc.

Leeds Building Society rated 'A/F1' with stable outlook - Fitch - AFX - Fri 11 Jan, 01:58 PM
MUMBAI (Thomson Financial) - Fitch Ratings assigned Leeds Building Society (LBS) ratings of long-term issuer default (IDR) 'A' with stable outlook, short-term IDR 'F1' and individual 'B'.

Ingersoll-Rand to take a charge from asbestos liability - AFX - Fri 11 Jan, 01:56 PM
NEW YORK (Thomson Financial) - Ingersoll-Rand Co.

ArcelorMittal Kazakhstan mine explosion kills at least 7 UPDATE - AFX - Fri 11 Jan, 01:53 PM
(updates with Arcelor (Paris: LU0140205948 - news) statement on explosion)

Gazprom sees taking 10-15 pct of Irish gas market in first 5 years of ops - AFX - Fri 11 Jan, 01:43 PM
LONDON (Thomson Financial) - Russia's Gazprom said it plans to take around 10-15 pct of Ireland's gas market in its first five years of operations in the country, the Irish Independent reported.

Metals - Gold steadies around 890 usd mark following fresh record high - AFX - Fri 11 Jan, 01:39 PM
LONDON (Thomson Financial) - Gold prices steadied around the 890 usd mark after rising to a fresh all-time high overnight, boosted by heightened expectations for aggressive rate cuts in the US to help counter a possible recession in the world's largest economy.

India spot gold surges to record highs despite sluggish local demand - AFX - Fri 11 Jan, 01:19 PM
MUMBAI (Thomson Financial) - Indian spot gold prices hit record highs Friday despite slack domestic demand as the yellow metal breached previous records overseas, market participants said.

Russian gold, forex reserves soar 56.8 pct in 2007 to 475.391 bln usd - AFX - Fri 11 Jan, 01:18 PM
MOSCOW (Thomson Financial) - Russia's Central Bank (CBSU.PK - news) said gold and foreign currency reserves reached 476.391 bln usd, up 56.8 pct from 303.732 bln at the start of the year, Interfax reported.

Cadence's Acetavance didn't meet primary endpoint in one phase III trial - AFX - Fri 11 Jan, 01:12 PM
BOSTON (Thomson Financial) - Cadence Pharmaceuticals Inc (CADX - news) . Friday said a Phase III clinical trial of Acetavance in abdominal gynecologic surgery didn't meet its primary endpoint of demonstrating a statistically significant reduction in patients' pain intensity levels over 48 hours compared with placebo.

Insiders extend bullish streak - AFX - Fri 11 Jan, 01:08 PM
NEW YORK (AP) - As fears of a recession extended Wall Street losses into the New Year, insiders prolonged their bullish streak, according to a report from a Web site that tracks insider deals.

Swiss shares lower in afternoon trade, dragged down by heavyweights 01:08 PM [ AFX ]
INTERVIEW Polish deputy finance minister says likely to cut 2008 borrowing needs 01:03 PM [ AFX ]
Bristow to buy 8 aircraft for $143M 12:59 PM [ AFX ]
Precious Metals Summary - London AM Fixings 12:46 PM [ AFX ]
BofA to buy Countrywide for $4B in stock 12:42 PM [ AFX ]

Global Brands says Yair Hasson to be executive chairman post-Belvia buy 12:40 PM [ AFX ]
UK Libor interbank fixings rise following BoE decision to keep rates on hold 12:37 PM [ AFX ]
Citi, Merrill on hunt for more capital 12:26 PM [ AFX ]
Foreign Exchanges - Continental Forward Rates 12:25 PM [ AFX ]
Nepal sets April 10 date for key polls 12:24 PM [ AFX ]

Bank of America agrees to acquire Countrywide Financial for $4B in stock 12:24 PM [ AFX ]
Indonesian government sells 2 billion dollars in global bonds 12:22 PM [ AFX ]
Aker Floating Production wins 10-year contract worth 1.1 bln usd 12:21 PM [ AFX ]
UK small caps fall to session low at midday; SCi slumps as offer talks end 12:18 PM [ AFX ]
Atos Origin shareholders Centaurus, Pardus again hold over 20 pct of shares 12:18 PM [ AFX ]

Dolphin Capital says founder Miltos Kambourides further lifts stake in co 12:11 PM [ AFX ]
RF Micro Devices 3Q earnings, revenue to miss expectations 12:11 PM [ AFX ]
CORRECT: TF North America Daybook - Friday, Jan. 11, 2008 12:10 PM [ AFX ]
Polish banking lobby chief says mortgage loan market may rise 20 pct in 2008 12:10 PM [ AFX ]
German shares flat in midday trade as upbeat statements offset mixed Asian mkts 12:07 PM [ AFX ]

Central European shares recover poise after hefty losses, still shaky 12:05 PM [ AFX ]
Milan shares marginally lower mid-day led by oil, luxury sector; Seat PG shines 12:04 PM [ AFX ]
TF North America Daybook - Friday, Jan. 11, 2008 12:04 PM [ AFX ]
Kenyan hotels lose 60 mln dollars over poll unrest 12:04 PM [ AFX ]
Euroshares extend losses midday, broker downgrades weigh on sentiment 12:03 PM [ AFX ]

Thales, EADS win contract to build classified intranet for French armed forces 11:59 AM [ AFX ]
EU says Portugal must re-notify plans for new Lisbon airport after site change 11:58 AM [ AFX ]
Independent filmmaker expects WGA deal 11:58 AM [ AFX ]
EU parliament vote on consumer credit to see clash over early repayment of loans 11:57 AM [ AFX ]
Santander names former IMF MD Rato to its international advisory board 11:55 AM [ AFX ]

Taiwan candidates stump on eve of vote 11:55 AM [ AFX ]
Consumer confidence sinks to record low 11:54 AM [ AFX ]
Airbus delivers 2nd Airbus A380 to Singapore Airlines, on schedule UPDATE 11:49 AM [ AFX ]
Indian shares end higher amid buying in blue-chips; RIL, ICICI lead gains 11:49 AM [ AFX ]
Regulator OKs 3 Bank of America branches 11:41 AM [ AFX ]

Greek shares fall in early afternoon, led by Bank of Cyprus and EFG Eurobank 11:40 AM [ AFX ]
UK's Brown to hold talks with EU leaders of global economy Jan 29 11:38 AM [ AFX ]
Kazakh govt ready to cancel deal with Eni consortium on Kashagan - Interfax 11:32 AM [ AFX ]
French Treasury to sell 1.0-1.5 bln eur inflation-linked bonds, bills Thursday 11:29 AM [ AFX ]
Banesto sees bad debt continuing to deteriorate in 2008, but 'not excessively' 11:28 AM [ AFX ]