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Postbank sale may fail over target price: report
(Reuters)
Reuters - The sale of Germany's biggest retail
bank Deutsche Postbank could fail because the price potential
bidders are willing to pay does not meet the expectations of
the lender's parent, Deutsche Post, a German magazine reported
on Saturday.
Auto sector woes could spur deals: Renault CEO
(Reuters)
Reuters - A current slump in the
global automotive sector could give fresh impetus to plans for
consolidation within the industry, the head of French carmaker
Renault said on Saturday.
BCE buyers finalize funding
(Reuters)
Reuters - Announcing what it said were "essential
milestones" allowing the world's largest leveraged buyout to go
ahead, BCE Inc said on Friday that its buyers
had finalized funding and were sticking to their C$34.8-billion
($34.1 billion) purchase price.
Hyundai union calls for work stoppage next week
(Reuters)
Reuters - Unionized employees of Hyundai Motor Co
(005380.KS) will walk off the job for four hours next week to
push for a pay increase, the auto maker's union said on
Saturday.
Alabama likely site of new VW plant: report
(Reuters)
Reuters - Alabama will be the likely home of a
new Volkswagen manufacturing plant, beating two other states,
German industry newsletter Automobilwoche said on Saturday,
citing senior company sources.
Smooth sailing for yacht builders despite economy
(AP)
AP - Fuel prices are soaring and credit markets tightening, but the super-rich are still lining up to pay tens of millions of dollars for mega yachts.
Energy shares, tame jobs data lift Dow
(Reuters)
Reuters - NEW YORK (Reuters) -The Dow rose on Thursday, a day after
the blue-chip average entered a bear market, on relief payrolls
data was not as weak as some had feared and with another record
oil price boosting energy shares.
Economy - Thursday
(Investor's Business Daily)
Investor's Business Daily - The benchmark 30-year fixed home loan rate fell 10 basis points to 6.35%, ending a 5-week uptrend to a 9-month peak, mortgage finance giant Freddie Mac said. Weaker economic data made a Fed rate hike less likely, pushing Treasury yields and mortgage rates lower. The 15-year fixed-rate mortgage slid 12 ticks to 5.92%. The 1-year ARM fell 10 basis points to 5.17%.
Australia's Origin Energy rejects BG's $13B bid
(AP)
AP - Origin Energy Ltd., Australia's second largest power retailer, rejected a $13 billion takeover bid Friday from British natural gas producer BG Group.
