20 Apr 2005 09:02 AM

General Motors said it would probably take as much as $6 billion from its fund to cover increasing health care expenses.

20 Apr 2005 08:06 AM

A Moody’s report has shown that rates of serious delinquencies and net charge-offs on home equity loans kept falling in 2004. This contrasts with the report from Fitch ratings agency that projects a downward trend in the market for collateralised debt obligations sector for the coming year, as a great proportion of these obligation is linked to the mortgage market.

20 Apr 2005 08:03 AM

The Senate Banking Committee chairman accused Fannie Mae and Freddie Mac of "destroying themselves" and called for a clarification of their mission by Congress.

20 Apr 2005 08:00 AM

Fitch Ratings announced on Tuesday that it may decide to downgrade some of "AAA" ratings on Berkshire Hathaway because on worries about the future leadership of the holding company.

20 Apr 2005 06:41 AM

Yahoo reported on Tuesday that its first-quarter income rocketed 55%. Income rose to $204.6 million, or 14 cents a share, from $101.2 million, or 7 cents, in the previous year.

20 Apr 2005 06:39 AM

Intel, the world's largest maker of chips, reported on Tuesday that its first-quarter profit rocketed 25%. Profit rose to $2.15 billion, or 34 cents a share, from $1.73 billion, or 26 cents, last year.

19 Apr 2005 06:59 PM

Hong Kong tycoon Lui Che-woo plans to sell a Macau venture to the company for $2.4 billion in order to make his K. Wah Construction Materials Ltd. into the city’s first publicly traded casino operator.

19 Apr 2005 06:23 PM

Singapore officials yesterday announced the plan to build two casino resorts, worth S$5bn in targeting to promote tourism business and improve employment situation.

19 Apr 2005 05:11 PM

The European Commission is expected to report on Wednesday that the total support of businesses and industries of the member countries increased 7.8% from 2002 to 2003.

19 Apr 2005 12:00 PM

Cablevision Systems Corp. has raised its bid for the fifth-largest cable operator Adelphia Communications Inc. to $17.1 billion from the previous $16.5 billion in an attempt to compete with its closest bidding rivals Time Warner Inc. and Comcast Corp., people familiar with the matter said.

19 Apr 2005 10:01 AM

Phoenix Venture Motors, which owns 11 car dealerships, is the fourth Phoenix Venture Holdings business to peg out since PricewaterhouseCoopers was called into MG Rover 10 days ago.

19 Apr 2005 09:58 AM

The Securities and Exchange Commission said Monday that it has accepted a settlement offer concerning its business practices in Japan. The

19 Apr 2005 09:26 AM

Yesterday Silicon Valley software maker Adobe Systems announced that it plans to buy Macromedia (MACR ) for $3.4 billion in stock. The long expected deal aroused the only question why it took so long to handle.

19 Apr 2005 08:44 AM

General Motors Corp., the world’s biggest automaker, reported today a first-quarter net loss due to fall in US sales. Net loss of $1.1 billion, or $1.95 a share, was the biggest since 1992. Last year GM had a net income of $1.28 billion, or $2.25 a share. GM’s finance unit’s profit fell to $728 million from $764 million in the same period.

19 Apr 2005 08:41 AM

The engineering group ABB’s US-based unit admitted paying some $560,000 (£290,000) of bribes in contract-race, the company said. "We