13 May 2005 11:18 AM

U.S. consumer sentiment fell to 85.3 in mid-May, according to the University of Michigan. This is the lowest level of the index since March 2003. Economists were expecting 88.0. The current conditions index fell to 103.3, the lowest level since December 2003. The expectations index declined to 73.7, the lowest since March 2003.

13 May 2005 10:54 AM

The World Trade Organization is on the point of selecting a new chief as early as Friday. This time former European Union trade commissioner Pascal Lamy is involved in severe competition with veteran Uruguayan trade diplomat Carlos Perez del Castillo. In the first round, there were four candidates struggling for the WTO’s top position, three of them representing developing countries. The

13 May 2005 10:12 AM

Russia and the Paris Club of sovereign creditors were on Thursday closing a deal about buying back some of its bilateral debt on Moscow’s proposal. Russia

13 May 2005 09:51 AM

Morgan Stanley five senior brokerage managers in charge of European and Middle Eastern business left the company after CEO Philip Purcell declared May 10 that morale at the unit is ``solid.’’

13 May 2005 08:48 AM

U.S. business inventories rose 0.4% in March, according to the Commerce Department. Economists were

13 May 2005 08:31 AM

Italian energy company Edison SpA agreed to be bought by the world’s largest power company Electricite de France SA and Italian utility Aem SpA for 7.28 billion euros ($9.2 billion).

13 May 2005 08:18 AM

The US investment bank Morgan Stanley launches new credit default swaps within European leveraged loans in an attempt to expand on loan market. The move signals possible spur in development of the market and will help Morgan Stanley expand on European loan market. In the time of fast-growing credit default swaps, this step was also taken by Morgan Stanley

13 May 2005 08:09 AM

Credit market is a risky place now, say some bankers and regulators. They are seeking ways to find the core problem for the market that turned sour.

13 May 2005 08:02 AM

J.P. MORGAN CUT KPN NV TO "NEUTRAL" FROM "OVERWEIGHT"

13 May 2005 08:00 AM

CITIGROUP SMITH BARNEY BEGAN COVERAGE OF W.R. BERKLEY WITH A "HOLD" RATING

13 May 2005 07:49 AM

RBC CAPITAL CUT QUALCOMM TO "SECTOR PERFORM" FROM "OUTPERFORM"

13 May 2005 05:59 AM

Dell, the world’s largest personal-computer maker, reported on Thursday that its fiscal first-quarter income rocketed 28%.

13 May 2005 05:47 AM

MERRILL LYNCH RAISED ROLLS ROYCE TO "BUY" FROM "NEUTRAL"

13 May 2005 05:46 AM

UBS RAISED DELL TO "BUY" FROM "NEUTRAL"

13 May 2005 05:44 AM

J.P. MORGAN RAISED DU PONT TO "UNDERWEIGHT" FROM "NEUTRAL"