China's largest offshore oil-services provider said Wednesday that it has won government approval to buy Norway's Awilco Offshore ASA for about $2.5 billion, as it expands its drilling operations and taps broader international markets.
(Reuters) - JPMorgan Chase & Co incurred losses of
about $1.5 billion for the quarter to date, as it continued to
be hurt by wider credit spreads, lower levels of liquidity, as
well as the disruption in the credit and mortgage markets, the
U.S. investment bank said in a regulatory filing.
Barack Obama sees an overhaul of Wall Street regulations as important to restoring trust in U.S. markets and could move early on it if he wins the White House, according to a senior adviser to the candidate.
NEW YORK (Reuters) - Energy and commodities markets on Monday were watching a couple of low-pressure systems in the Atlantic Ocean that could develop into tropical depressions or storms over the next couple of days.
Turmoil in the financial markets has driven many lenders out of the student loan market, leaving students struggling to pay their fall tuition. That's a problem that New Hampshire officials are working on.
A Malaysian confectionery maker said Wednesday it has recalled a brand of candy from global markets after California health officials found it contained high lead levels.
Coca-Cola Hellenic Bottling Company SA said Thursday its second-quarter net profit fell by 8 percent on the year, due partly to poor weather in some markets, rising costs and a Greek transportation strike in May.
With tuition bills looming, thousands of Massachusetts students and parents are scrambling to secure college loans amid deep turbulence in the nation's credit markets, but college and university officials are reassuring families they should be able to borrow the money they need.
A typhoon lashed Taiwan with strong winds and heavy rains Monday, triggering landslides and floods that disrupted air traffic and closed schools and businesses.
NEW YORK (Reuters) - Kohlberg Kravis Roberts & Co, one of the world's most powerful private equity firms, plans to brave the turbulent equity markets and list on the New York Stock Exchange this year, joining rival Blackstone in bringing the famously secretive industry into public view.
A state lending authority that provided more than $500 million worth of college loans last year says it won't be able to provide the bulk of its loans next year because of turmoil in the financial markets.
